According to a recently published market report, the global building automation and control market, which was $35 billion in 2015, is expected to grow at a CAGR of 9 per cent-10 per cent during 2015-2020. Building automation improves the efficiency of building systems by reducing energy consumption, improving the lifecycle of utilities, and enhancing occupant comfort, and aluminium construction systems comprising aluminium extrusions and panels play a crucial role in improving the acceptability of the building automation process.
Aluminium extrusions are used for manufacturing building profile systems as fine, value-added solutions. These products are increasingly used in the form of windows, doors, facades, and sliding doors in modern high-rise buildings, commercial buildings, and star hotels. Aluminium profiles are gaining market share due to their slim structure, durability, and negligible maintenance cost,” said a leading industry analyst for metals and minerals.
The report has identified the following three emerging trends that are expected to propel the global aluminium market for building and construction sector:
• Rise in demand for nano self-cleaning aluminium composite panels
• Rise in use of aluminium in BIPV systems
• Aluminium extrusions offer lead time and cost advantage
Aluminium extrusions are expected to increase its market share by the end of the forecast period on the back of its advantages of cost and lead time over other methods, the report says.