March 06, 2023 20:30 ET | Source: Future Market Insights Global and Consulting Pvt. Ltd. Future Market Insights Global and Consulting Pvt. Ltd.
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DUBAI, United Arab Emirates, March 06, 2023 (GLOBE NEWSWIRE) -- By 2033, the aluminium extrusion market is anticipated to have grown from US$ 126.67 billion to US$ 195.48 billion. Aluminum scrap can be completely recycled into new aluminum extrusions. The development of aluminum is being fuelled by the use of green activities
Aluminum Extrusions are becoming Popular due to their Excellent Performance
Aluminum is a light metal that weighs around one-third that of steel or copper. Aluminum extrusions are suitable for the construction industry due to their high strength-to-weight ratio. Aluminium is nearly 43 times more durable than wood. It may even outlast some steel grades, with the proper treatment or alloying. The highest tensile strength of aluminum material can reach 90,000. As a result, the manufacturing industry is attempting to transition from steel to aluminum.
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Because oil-based plastics harm the environment, the global manufacturing industry is gradually transitioning to a non-plastic world. Moreover, aluminum, the most prevalent metal in the world's crust, is also one of the most well-known sustainable resources. Although steel is the most often utilized alloy worldwide, aluminum's market has a high potential.
Scrap metal can be completely recycled into brand-new aluminum extrusions. The increasingly prevalent use of green initiatives is encouraging aluminum growth. These applications are only possible because of aluminum's favorable properties, which include its unique combination of strength and durability, conductivity, non-magnetic properties, and ability to be recycled repeatedly without losing integrity. Due to these characteristics, aluminum extrusion is a viable and versatile solution for an increasing range of industrial requirements.
Hindalco Industries, Jindal Aluminium Limited, China Zhongwang Holdings Limited, Constellium N.V., Hydro Extrusions, Arconic Inc., Zahit Aluminum, Bonnell Aluminum, SKM Co., Ltd., Keymark Corporation, Kaiser Aluminum Corp., Hulamin Ltd., WISPECO Aluminium and others are the top market players in the aluminum extrusion market
Key Points from the Aluminum Extrusion Market:
Key Developments in the Aluminium Extrusion Market:
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Aluminum Extrusion Market Key Segments
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1. Executive Summary | Aluminum Extrusions Market 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations
2. Market Overview 2.1. Market Coverage/Taxonomy 2.2. Market Definition/Scope/Limitations
3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends
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