Global aluminium extrusion market to grow at a CAGR of 6.71% during 2016-2020

According to the data released in a recently published market research report, the Global Aluminium Extrusion Market will grow at a CAGR of 6.71 per cent during the period 2016-2020. Growing construction market has been identified as the sole growth driver for the sector.

Aluminium extrusion is a method in which aluminium alloy billets are heated to 800-925 F and subject to the extrusion process. Extruded aluminium includes mill finished, anodized, and powder-coated aluminium. Aluminium extrusions are used in many sectors, such as the construction, transportation, electrical, machinery, and consumer durables, due to their high strength, flexibility, and durability. Aluminium extrusion products are 100% recyclable and do not emit hazardous gases during processing. This helps manufacturers and builders attain green status for their projects.

Over the years, the use of aluminium extrusions in building integrated photovoltaic systems (BIPV) has increased exponentially all across the world. With rapid urbanization, growing awareness about sustainable infrastructure developmnent, and changing consumer preferences, this will increase further, analysts observed.

However, there are challenges galore, of which the changing trading policies in China is the most vital one.

Key vendors, identified in the report, who would likely dominate the global aluminium extrusion market are Alcoa, Constellium, Gulf Extrusions,indalco, and Sapa.