DUBLIN, June 28, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Aluminum Extrusion Market 2016-2020" report to their offering.
The global aluminum extrusion market to grow at a CAGR of 6.71% during the period 2016-2020.
Global Aluminum Extrusion Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
A key trend which is positively impacting the market is the use of aluminum in building integrated photovoltaic (BIPV). BIPVs are used in generating renewable energy. These are photovoltaic materials used in parts of building envelopes such as facades and roofs. Aluminum extrusions are used in BIPV systems. These BIPVs are used as a source of energy in buildings instead of conventional construction materials. These help in reducing the cost of material and labor and are considered as green initiatives.
According to the report, a key growth driver is the growing construction market. Developing countries have experienced a rise in per capita income levels. An increase in urbanization and rising consumer confidence is contributing to the rise in the number of construction projects. With a steady change in lifestyle and need for housing, the demand for aluminum extrusion is increasing. World's urban population will rise by more than 70% by 2050. There is an increase in demand for infrastructure development, residential, and non-residential projects. The global construction market is expected to reach approximately $12 trillion by 2020. Aluminum extrusion is used for building and construction applications such as in windows, panels, windows frames, ladders, and bridges.
Further, the report states that one challenge that could restrict market growth is the changing trade policies in China.
- Gulf Extrusions
Other prominent vendors
- Aluminium Products (ALUPCO)
- Al-Taiseer Aluminium Factory
- Hulamin Extrusions
- Tajik Aluminum (TALCO)
- YKK Corporation of America
- Zahit Aluminum
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Aluminum industry value chain
Part 06: Global aluminum pricing
Part 07: Market landscape
Part 08: Market segmentation by product
Part 09: Market segmentation by end-user
Part 10: Geographical segmentation
Part 11: Segmentation by alloy
Part 12: Market drivers
Part 13: Impact of drivers
Part 14: Market challenges
Part 15: Impact of drivers and challenges
Part 16: Market trends
Part 17: Vendor landscape
Part 18: Key vendor analysis
Part 19: Appendix
For more information visit http://www.researchandmarkets.com/research/s4bs4v/global_aluminum
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SOURCE Research and Markets