LONDON–(BUSINESS WIRE)–According to the latest market research study released by Technavio, the global aluminum extrusion market is expected to exceed 22 million metric tons by 2019, growing at a CAGR of almost 7% during the forecast period.
According to Chandrakumar Badala Jaganathan, lead analyst for metals and minerals research at Technavio, “The demand for aluminum extrusions from the building and construction industry is resulting in the rapid growth of the market. Aluminum extrusions are gaining popularity among builders as they help them to attain green status for their buildings.”
This research report titled ‘Global Aluminum Extrusion Market 2015-2019’, provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes an up to date analysis and forecast for various market segments and all geographical regions.
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The report segments the global aluminum extrusion market by product and can be divided into three broad categories:
- Global mill-finished aluminum market
- Global anodized aluminum market
- Global powder-coated aluminum market
Global mill-finished aluminum market
Mill-finished aluminum is an untreated product that is sold in the open market for various applications. However, integrated players with in-house powder coating and anodizing units consume mill finish for further processing.
Mill-finished products are predominantly used in applications that do not require aesthetic or additional corrosive resistivity, such as ladders, boats, and hollowware, among others. Several end-users prefer mill-finished products over value-added products due to relatively less premiums.
The market is expected to ship over 12.7 million metric tons by 2019, growing at a CAGR of over 6%.
Global anodized aluminum market
Anodized aluminum is aluminum covered by an oxidized layer, which enhances its mechanical properties. Anodized aluminum is more durable due to this protective layer. It gives finish to the metal, resists corrosion, gives lasting color, enhances the metal’s adhesive and porous qualities, and possesses high strength. It is used in commercial and consumer applications in various industries such as the transportation and construction industries.
It is also used in electrical appliances and home decor. In addition, it is used in satellites to provide protection from debris. Hence, the global anodized aluminum market is expected to witness significant growth during the forecast period.
The market is expected to ship over 6.28 million metric tons by 2019, growing at a CAGR of over 7%.
Global powder-coated aluminum market
The powder-coated aluminum undergoes much processing before it is ready. First, the surface of the aluminum is cleaned to prevent flaking and enhance adhesiveness. A fine mixture of colored pigment and resin is then applied using an electrostatic spray gun or by another method, like the fluidized bed or electrostatic discs methods.
The aluminum is then heated to melt the mixture, and form a hard coating. Powder-coated aluminum is used in various applications such as aerospace products, furniture tubes, vending machines, and exercise equipment.
The market is expected to ship 3.4 million metric tons by 2019, growing at a CAGR of over 7%.
Technavio chemicals and materials research analysts highlight the following five vendors as the top contributors to the global aluminum extrusion market:
- Alcoa
- Constellium
- Gulf Extrusions
- Novelis
- Novo Hydro
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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