Aluminum Extruded Products Market Analysis

Product Type (Anodized, Mill-Finished, Powder Coated)

The global aluminum extruded products market is segmented and analyzed for demand and supply by product type into anodized, mill-finished, and powder coated. Out of the three types, the powder coated segment is estimated to gain the largest market share over the projected time frame. The powder coating is rising the lifespan and durability of steel. The powder coating provides the aesthetic look of the product, reduces UV damage, and resistance to weather, and reduces air pollution, and maintenance costs. The use of powder coated aluminum is applied for outdoor furniture, construction equipment, and exterior building features. Also, the powder coating is estimated to prevent the steel from rusting, and fading, and withstand climatic changes outdoors. All these factors are estimated to propel the market segment growth during the forecast period. The powder coating was anticipated to reach over USD 11 billion market value in 2020 with rising demand for powder coats across the world.

End-user (Transportation & Logistics, Building & Construction, Automotive, Electrical & Electronics, Consumer Durables)

The global aluminum extruded products market is also segmented and analyzed for demand and supply by end-user into transportation & logistics, building & construction, automotive, electrical & electronics, and consumer durable. Out of which, the building & construction segment is anticipated to hold the largest share in the global aluminum extruded products market owing to the rising construction sector. Additionally, with rising urbanization, more houses are being made leading to an unprecedentedly growing construction sector. The increasing consumption of extruded products in the construction of buildings for various purposes is estimated to drive market growth. The increasing repairs for monuments, establishment of new commercial spaces, and improvement in hospital infrastructure are also driving the market growth as per the market analysis. The growing demand for construction is attributed to the increasing economic standards of countries leading to the improvement of roads and railways. According to the estimations, U.S. commercial construction is expected to reach a value of over USD 100 billion between 2022-2027.

Our in-depth analysis of the global market includes the following segments: