Europe & CIS Aluminium-Extruded Products Market growth to Grow with a 6.53% CAGR through to 2029
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, 2025-2029
According to TechSci Research report, “Europe &
CIS Aluminium-Extruded Products Market - By Country, Competition, Forecast and
Opportunities, 2019-2029”, the Europe & CIS Aluminium-Extruded Products
Market is expected to register a robust during the forecast period, 2025-2029. 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 Product Shape, Rods & Bars segment has emerged as the predominant market leader. The rods and bars segment has emerged as the predominant category in the Europe & CIS aluminium-extruded products market, driven by a convergence of industrial applications, technological advancements, and the material's inherent properties. Aluminium rods and bars are essential components across various industries due to their versatility, lightweight nature, corrosion resistance, and recyclability, making them ideal for a wide range of applications.
One of the key factors contributing to the dominance of the rods and bars segment is their extensive use in the construction industry. Aluminium rods and bars are favored for their strength-to-weight ratio, which allows for the construction of durable and lightweight structures. These products find applications in building frameworks, window and door frames, curtain walls, and structural components where strength and aesthetic appeal are crucial. The construction sector's continuous growth and modernization efforts across Europe and the CIS countries drive the demand for aluminium rods and bars.
Moreover, the automotive industry is another significant driver for the rods and bars segment. Aluminium extrusions are increasingly used in automotive manufacturing to reduce vehicle weight, improve fuel efficiency, and enhance overall performance. Rods and bars are utilized in the production of automotive components such as chassis, body frames, engine parts, and structural reinforcements. The shift towards electric vehicles (EVs) further amplifies the demand for lightweight materials like aluminium, boosting the market for rods and bars in the automotive sector.
Additionally, rods and bars play a vital role in the manufacturing of machinery and equipment across various industrial applications. These products are used in the fabrication of conveyor systems, industrial machinery frames, hydraulic systems, and precision instruments. The versatility of aluminium extrusions allows for the customization of rods and bars to meet specific requirements, such as dimensional accuracy, strength, and surface finish, catering to diverse industrial needs.
The growing emphasis on sustainability and environmental stewardship is another driving force for the rods and bars segment. Aluminium is highly recyclable, with no loss of quality during the recycling process, making it a preferred choice for industries striving to reduce their carbon footprint. The circular economy principles encourage the use of recycled aluminium in the production of rods and bars, further supporting sustainable practices and reducing raw material consumption.
Technological advancements in aluminium extrusion processes have significantly contributed to the growth of the rods and bars market. Innovations in extrusion technology enable manufacturers to produce complex shapes and profiles with enhanced precision, consistency, and mechanical properties. This allows for the development of high-performance rods and bars that meet stringent industry standards and customer specifications.
The rods and bars segment has emerged as the predominant category in the Europe & CIS aluminium-extruded products market due to its widespread applications in construction, automotive, industrial machinery, and other sectors. The inherent properties of aluminium, coupled with its recyclability and technological advancements in extrusion processes, continue to drive demand for rods and bars across the region. As industries prioritize lightweight, durable, and sustainable materials, aluminium extrusions, particularly rods and bars, are poised to play a crucial role in meeting evolving market demands and driving future growth in the Europe & CIS region.
Major companies operating in Europe & CIS
Aluminium-Extruded Products Market are:
- Hindalco Industries Limited
- Balexco BAHRAIN ALUMINIUM EXTRUSION COMPANY
- Century Extrusions Limited
- QALEX
- Bonnell Aluminium
- Banco Aluminium Ltd
- Constellium group
- ETEM GROUP
- Gulf Extrusions Co. LLC
- China Hongquiao Group Limited
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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 of 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, 2019-2029”,
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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