Europe & CIS Aluminium-Extruded Products Market growth to Grow with a robust CAGR through to 2028
Expansion and Modernization of transportation
infrastructure, including railways, metro systems, and airports, are expected
to drive the Europe & CIS Aluminium-Extruded Products Market growth in the
forecast period, 2024-2028.
According to TechSci Research report, “Europe &
CIS Aluminium-Extruded Products Market - By Country, Competition, Forecast and
Opportunities, 2018-2028”, the Europe & CIS Aluminium-Extruded Products
Market is expected to register a robust during the forecast period, 2024-2028. Aluminium
is a highly sustainable material with several eco-friendly attributes. It is
100% recyclable, which means it can be used, recycled, and reused without any
loss in quality. The recycling process for aluminium requires significantly
less energy compared to primary aluminium production, making it an
environmentally responsible choice.
The emphasis on sustainability in construction and
other industries is a significant opportunity. The demand for environmentally
friendly and energy-efficient building materials, which aluminium extruded
products can provide, continues to grow. This includes the use of recycled
aluminium and sustainable manufacturing practices to meet green building
standards and certifications.
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Based on end-use industry, Building & Construction
segment has emerged as the predominant market leader. Sustainability is a
prominent trend in the Building & Construction segment. Aluminum is a
highly recyclable material, and manufacturers are increasingly using recycled
aluminum to produce extruded products. Additionally, manufacturers are adopting
green building standards, certifications, and eco-friendly practices,
responding to the demand for environmentally responsible construction
materials. The ability to customize extruded profiles to meet specific design
requirements is a notable advantage. Architects and builders are increasingly
using aluminum extrusions for their flexibility in design, enabling the
creation of complex and innovative building structures. Compliance with
building codes and regulations is critical in the construction sector.
Manufacturers of aluminum extruded products must adhere to regional and
international standards to ensure the safety and quality of their products.
Compliance with these standards is a key consideration for suppliers in this
segment. Overall, the Building & Construction segment in the Europe &
CIS Aluminium-Extruded Products Market continues to grow as it aligns with
trends in sustainable construction, energy efficiency, and innovative
architectural designs. The versatility of aluminum extrusions, combined with
their environmental benefits, makes them a preferred choice for various
construction applications in the region.
Based on alloy type, 6000 Series segment is expected
to grow during the forecast period. Within the electrical industry, 6000 Series
aluminum extrusions are used in the production of electrical enclosures, heat
sinks, and components for the power transmission and distribution systems.
Their thermal conductivity and ease of fabrication make them suitable for these
applications. In the industrial and machinery sector, 6000 Series extruded
products are used for a wide range of applications, including conveyor systems,
material handling equipment, and various machine components. The alloys' high
strength-to-weight ratio and ease of machining make them valuable for these
applications. The 6000 Series segment offers significant design flexibility and
customization capabilities, allowing manufacturers to create profiles tailored
to specific industry needs. This adaptability makes them suitable for
applications with unique design requirements. Manufacturers within the 6000
Series segment are increasingly adopting sustainable and environmentally
friendly practices. This includes recycling aluminum scrap and implementing
energy-efficient production methods to reduce the environmental impact of
manufacturing processes. Overall, the 6000 Series aluminum alloys segment in
the Europe & CIS Aluminium-Extruded Products Market continues to grow,
driven by its versatile properties and applications across diverse industries,
ranging from automotive and construction to aerospace and machinery. As
industries continue to prioritize lightweight, durable, and environmentally
sustainable materials, the 6000 Series segment is expected to remain a key
player in the regional market.
Major companies operating in 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
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“Russia is expected to dominate the market during the
forecast period. The construction industry in Russia presents a significant market for
aluminium extruded products. The use of these products in architectural
applications like windows, doors, and facades is on the rise due to their
corrosion resistance, insulation properties, and modern aesthetics. Russia
participates in the global trade of aluminium extruded products. Exports to
neighboring countries and international markets contribute to the country's
presence in the Europe & CIS Aluminium-Extruded Products Market.,” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“Europe
& CIS Aluminium-Extruded Products Market Segmented By Product Type
(Mill-Finished, Anodized and Powder-Coated), By End-Use Industry (Building
& Construction, Automotive & Transportation, Electrical &
Electronics, Consumer Durables and Others), By Alloy Type (1000 Series, 2000
Series, 3000 Series, 5000 Series, 6000 Series and 7000 Series), By Product
Shape (Composite Product Shapes, Rods & Bars and Pipes & Tubes), By
Country, By Competition Forecast & Opportunities, 2018-2028”,
has evaluated the future growth potential of Europe & CIS
Aluminium-Extruded Products Market and provides statistics & information on
market size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Europe & CIS
Aluminium-Extruded Products Market.
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