The market for aluminum-extruded products is segmented on the basis of products type into mill-finished, powder-coated, and anodized. The mill finished products segment is estimated to account for the largest share in the market for aluminum-extruded products in 2016, and this trend is projected to continue through the forecast period. Mill-finished aluminum-extruded products are highly preferred in the construction and automotive industries, because of their light-weight but highly durable properties. Increasing demand of sustainable aluminum-extruded materials in industries such as construction, automotive, and machinery & equipment; growing concern of greenhouse gas emission; and emerging economies around the world are the key drivers for the growth of the aluminum-extruded products market.
The aluminum-extruded products market is segmented on the basis of end-use industry into construction, automotive, mass transport, electrical & electronics, machinery & equipment, and others (energy, telecom, and consumer durables). The automotive segment accounted for the largest share, in terms of value, in 2015; it is also projected to grow at the highest CAGR during the forecast period. The key reasons behind the same are the increasing demand for light-weight cars, growing concern regarding greenhouse gas emissions from vehicles, and increasing trends in the automotive industry around the world.
The scope of the report also incorporates different alloy types that are being used to manufacture aluminum-extruded products. The different alloys that have been discussed in the report are 1000 series aluminum, 2000 series aluminum alloy, 3000 series aluminum alloy, 5000 series aluminum alloy, 6000 series aluminum alloy, and 7000 series aluminum alloy.
On the basis of region, the market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle-East & Africa. The Asia-Pacific market is projected to grow at the highest rate between 2016 and 2021. High growth potential in the emerging Asia-Pacific markets is expected to provide new growth opportunities to players in the aluminum-extruded products market. India is projected to be the fastest-growing market in this region. In terms of value, the region accounted for a maximum share of the overall aluminum-extruded products market in 2015. Rise in demand in industries such as construction and automotive, government initiatives to propel FDI opportunities, and focus on adopting latest technologies and processes to enhance business operations in a variety of industries in countries such as China, Japan, and India result in Asia-Pacific being the fastest-growing market for aluminum-extruded products.
To uncover the high growth opportunities in Aluminum-extruded Products Market, Sign-up for free webinar
The aluminum-extruded products market is segmented on the basis of end-use industry into construction, automotive, mass transport, electrical & electronics, machinery & equipment, and others (energy, telecom, and consumer durables). The automotive segment accounted for the largest share, in terms of value, in 2015; it is also projected to grow at the highest CAGR during the forecast period. The key reasons behind the same are the increasing demand for light-weight cars, growing concern regarding greenhouse gas emissions from vehicles, and increasing trends in the automotive industry around the world.
The scope of the report also incorporates different alloy types that are being used to manufacture aluminum-extruded products. The different alloys that have been discussed in the report are 1000 series aluminum, 2000 series aluminum alloy, 3000 series aluminum alloy, 5000 series aluminum alloy, 6000 series aluminum alloy, and 7000 series aluminum alloy.
On the basis of region, the market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle-East & Africa. The Asia-Pacific market is projected to grow at the highest rate between 2016 and 2021. High growth potential in the emerging Asia-Pacific markets is expected to provide new growth opportunities to players in the aluminum-extruded products market. India is projected to be the fastest-growing market in this region. In terms of value, the region accounted for a maximum share of the overall aluminum-extruded products market in 2015. Rise in demand in industries such as construction and automotive, government initiatives to propel FDI opportunities, and focus on adopting latest technologies and processes to enhance business operations in a variety of industries in countries such as China, Japan, and India result in Asia-Pacific being the fastest-growing market for aluminum-extruded products.
To uncover the high growth opportunities in Aluminum-extruded Products Market, Sign-up for free webinar
No comments:
Post a Comment