What is driving the growth of the aluminum extrusion market?
The aluminum extrusion market is booming due to rising demand for lightweight materials in automotive and construction industries. Increasing environmental concerns and fuel efficiency regulations are key drivers.
Which region is expected to dominate the aluminum extrusion market?
Asia-Pacific is projected to be the largest market with over 1/3rd share, fueled by the surging electric vehicle market and rapid development in end-use industries.
What are the key drivers of this market growth?
The rising demand for sustainable materials like aluminum in automotive and construction sectors is a major driver. Additionally, the focus on lightweighting vehicles to improve fuel efficiency and reduce emissions is another significant factor.
Who are the major players in the global aluminum extrusion market?
Some of the leading companies include Aluminum Products Company (ALUPCO), Arconic Corporation, Constellium, Hindalco Industries Limited, and China Zhongwang.