Aluminum Profile Market Trends
Growing demand for aluminum extrusions is supported by government incentives for their usage in renewable energy generation systems like building integrated photovoltaics (BIPVs). Aluminum extrusion has benefited from the booming construction and building industries. Rising demand for power production, air conditioning systems, distribution equipment, and non-residential and residential construction has been good for the aluminum extrusion business. Increases in disposable income and consumer preferences fuel the expansion of the aluminum extrusion business.
The Worldwide Market for Aluminum Extrusion
In 2019, the construction industry generated the lion's share of total revenue. Aluminum's strong strength-to-weight ratio makes it a better choice for massive buildings in seismically active areas. While stainless steel has a 1/16 strength-to-weight ratio, aluminum only has 1/8. Increasing demand for lightweight aluminum profiles to be used in various industrial applications is anticipated to be the primary factor propelling the market. This demand will mostly benefit the industrial end-user segment. The lightweight, excellent resistance to corrosion, and the high strength-to-weight ratio of aluminum extrusion make it a likely replacement for traditional materials in most industrial settings.
Melted aluminum alloy bars are extruded via a cross-sectional die to create the desired shape. Aluminum extrusions can be tailored to meet specific needs thanks to their high thermal and electrical conductivity, flexibility, recycleability, and reusability. The extruded components have a fine surface finish that one can polish, buff, anodize, paint, or powder coat to improve the product's visual appeal.
Aluminum extrusions are greatly favored over traditional aluminum goods due to their low cost, low weight, resistance to corrosion, low maintenance, and paramagnetic qualities. Those in the machinery, construction, transportation, equipment, electrical, and consumer durables industries benefit greatly.
One of the main things pushing the market forward is the rising popularity of eco-friendly building designs. There has been a worldwide uptick in the construction of "green" buildings in recent years because of their benefits to the environment, economy, and community. High demand can be attributed to the widespread usage of extruded aluminum in the construction industry for producing doors and windows in these structures.
Additionally, the expanding auto industry is another driver of market expansion. Extruded aluminum is utilized to make auto parts because of its lightweight. Aluminum extrudes in high demand in the industrial sector because of its versatility and the low energy required to change its shape.
By 2021, the form product category will have contributed more than 79.5% of total sales. Aluminum's great malleability makes it ideal for use in the extrusion process, which allows for the creation of a wide variety of shapes. In this method, hot aluminum billets are pressed against steel dies using a high-pressure ram or hydraulic press. The result of this procedure is the formation of aluminum forms using dies of various configurations.
Aluminum is utilized in various automotive and transportation applications, including chassis, panels, transmission housings, roof rails, and engine blocks for vehicles such as cars, boats, trucks, and trains. Lightening the load of automobiles is driving up demand for structural components.
The Ford F-150, for instance, is built with substantial aluminum elements; the vehicle's body panels and extruded forms are made from aluminum. Whereas rods are round, bars can have any number of flat faces. Billets of aluminum are heated and then fed through rollers before being coiled and drawn into bars, rods, and tubes using thinning dies in the extrusion process.
Scaffolding systems, in particular, use rods and bars extensively in the construction process. Compared to conventional scaffolding, these lightweight solutions are superior in various ways, including stability, portability, and adaptability.
Summary of the Report
Between 2022 and 2030, the worldwide aluminum extrusion market is projected to grow from its 2021 value of USD 87.84 billion at a CAGR of 7.5%. Aluminum's increasing use in conventional and electric automobiles is expected to drive industry expansion in the coming years. Vehicle makers are feeling more and more pressure to reduce their vehicles' negative effects on the environment.
Regulations and guidelines concerning Greenhouse Gas (GHG) emissions have been enacted by organizations including the United States Environmental Protection Agency (EPA), the California Air Resource Board (CARB), and the National Highway Traffic Safety Administration (NHTSA).
WEIYE is a business with 30 years of experience, and they intend to stay current while also looking ahead. Their long-term strategy involves developing a robust distribution network in international markets as an alternative to the conventional model of after-sale support.
To increase the marketing demand for regional products and provide a more robust after-sales infrastructure, they plan to establish dealers who share their business collaboration philosophy as cooperation sites. No matter how far away from home they have to work to establish a reliable service system, they will do so.
- WHY CHOOSE WEIYE FIREPROOF WINDOWWEIYE DOORS AND WINDOWS STAR PRODUCT APPRECIATION
- Production Details of Aluminum Solar Panel FrameFunctions and Characteristics of Aluminum ProfilesAdvantages of Aluminum Doors and WindowsWhat Do You Need to Know About Custom Aluminum Profiles?The Service Life of the Aluminum Profiles