Europe & CIS Aluminium-Extruded Products Market by TechSci Research
Channel: MarketResearchDotCom
Date: 16/02/2022

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Europe & CIS Aluminium-Extruded Products Market stood at USD14649.24 million in 2020 and is projected to grow at a CAGR of 6.53% to reach USD21885.05 million by 2026, owing to the increased usage of aluminium extruded products in automobiles like buses, trucks, and trailers to improve their performance, fuel economy and increase their load-carrying capacity. The growth can also be attributed to the rapid increase in application of aluminium-extruded products by different end-user verticals. Usage in transportation and logistics, building and construction, electrical and electronics, and other consumer durables are the other major factors contributing to the growth of the aluminium-extruded products market in Europe and CIS.

Aluminium extrusion transforms aluminium alloy into an extraordinary variety of products for consumers and industrial markets. Aluminium-extruded products are light weight and perform efficiently under extreme conditions like humidity, heat and therefore, find application in numerous end use industries such as electronics, automotive, mass transit, bridge decking.

Based on End-Use Industry the market is segmented into Building & Construction, Automotive & Transportation, Electrical & Electronics, Consumer Durables and Others. Building & Construction is the leading End-Use Industry in the Aluminium-Extruded Products Market with a share of 49.72% in 2020. This is due to the increasing adoption of extruded aluminium products by medium and large builders for the construction of high-rise buildings and skyscrapers. The use of aluminium-extruded products in construction reduces the load on foundations, which has made it popular among real estate developers.

On the basis of Alloy Type, the market is segmented into (1000 Series, 2000 Series, 3000 Series, 5000 Series, 6000 Series and 7000 Series). In 2020, 6000 series alloy segment was the dominating segment in the market with a share of 35.99%. This is due to its versatile, highly formable, weldable, high strength and excellent corrosion resistance nature. These properties increase the application of aluminium-extruded products in architectural and structural purposes. Extruded products from 6000 series alloy are the first choice for infrastructural and architectural applications.

Based on country, Germany accounted for the largest share of 22.23% in the aluminium-extruded products market in 2020, owing to well-established automobile and construction industries in this country, which generates lucrative growth opportunities for the aluminium-extruded products market. Moreover, continuous government budgetary allocation towards improvement of rail, road and ports in Germany, such as the project “Digital Rail Germany,” is expected to propel the demand for aluminium-extruded products in the forecast period.

Some of the major players operating in the Europe & CIS Aluminium-Extruded Products Market are United Company RUSAL, Rio Tinto, Norsk Hydro ASA, Constellium SE, Impol, ETEM GROUP, BOAL GROUP, Aluminiumwerk Unna AG, Alusic s.r.l, Permtsvetmet, METRA SpA, among others.