What does AL Circle’s report on “The World of ALuminium Extrusions - Industry forecast to 2030” offer to you?
The resurgence of the aluminium extrusions market following the pandemic has generated considerable excitement and interest, estimating a usage of XXX million tonnes in 2023. Going ahead, the demand for aluminium extrusions is likely to grow further from XXX million tonnes in 2023 to XXX million tonnes in 2030, marking a significant growth rate of 3.5 per cent. This fast clip projected growth of aluminium extrusions market has sparked a newfound interest among industry leaders and patrons alike. As the demand for aluminium extrusion continues to surge, there is a growing curiosity about the future of global production, applications, investments, and innovations around this versatile material.
Hence, the AL Circle team has developed a comprehensive report titled "The World of ALuminium Extrusions - Industry Forecast to 2030" This report thoroughly outlines the estimated production capacity and output, regional usage patterns, applications across various end-user sectors, and the dynamics of trade within the industry.
The increasing focus towards light-weighting of vehicles and the push towards solar power across the world are estimated to drive the growth of extrusions demand and usage. China is likely to lead the way, accounting for 69 per cent of the world aluminium extrusion usage by 2030, followed by Europe with 9 per cent of the total use.
Among end-use applications, the usage of extrusion in the transportation sector is expected to grow at the highest CAGR of XXX per cent per annum during 2023 to 2030, while that in the building & construction sector is estimated to post a CAGR of XXX per cent.
Highlighting the types of aluminium alloys and extrusions suitable for each application, the report has mentioned 6xxx series of aluminium alloys are commonly used in architectural, building & construction applications, while 6xxx and 1xxx series of alloys are used for electrical and electronics applications.
