Growing Construction Market Predicted to Drive the Demand for Aluminium Extrusion Until 2020, Says Technavio
By Business Wire News
By Business Wire News
This research report titled ‘Global Aluminum Extrusion Market 2016-2020’, provides an in-depth analysis of market growth in terms of revenue and emerging market trends. To calculate the market size, the report considers revenue generated from the sales of cleanroom technology equipment.
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The market for anodized aluminum grew by 28,000 metric tons in 2015 from 2014 and is expected to reach 6.68 million metric tons by 2020. Technavio researchers expect the market to grow at a rapid pace during the forecast period due to the demand from many applications, especially in the building and construction industry. The market for powder coated aluminum is experiencing a massive demand for furniture tubes, vending machines, aerospace products, and exercise equipment, and it is expected to reach 3.61 million metric tons by 2020.
“There is an increase in demand for infrastructure development, residential, and non-residential projects. The global construction market is expected to reach approximately USD 12 trillion by 2020. Aluminum extrusion is used for building and construction applications such as in windows, panels, windows frames, ladders, and bridges. Thus, with an increase in construction, the demand for aluminum extrusion products is increasing,” said Chandrakumar Badala Jaganathan, one of Technavio’s lead research analysts for metals and minerals.
Global aluminum extrusion market by product 2015
- Mill finished 57.98%
- Anodized 26.99%
- Powder coated 15.03%
Global mill-finished aluminum market
The global mill finished aluminum market was 9.99 million metric tons in 2015. The global mill-finished aluminum market is driven by its applications. Mill-finished aluminum is an untreated product that is sold on the open market. These products are predominantly used in applications that do not require aesthetic or additional corrosive resistivity such as ladders and hollowware.
Integrated players with in-house powder coating and anodizing units also consume mill-finished aluminum for further processing. Many end-users prefer mill-finished products over value-added products due to its relatively less premium, especially in the building and construction sector.
Global anodized aluminum market
The global anodized aluminum market was 4.65 million metric tons in 2015. Anodized aluminum has an oxidized layer over aluminum, which enhances its mechanical properties. Anodized aluminum is more durable than regular unanodized solid aluminum due to the protective layer of oxide on the surface. Anodizing gives a finish to the metal, resists corrosion, enhances adhesive and porous qualities, and possesses high strength.
Anodized aluminum is used in commercial and consumer applications in industries such as the transportation and construction. It is also used in home decors and electrical appliances. In addition, it is employed in satellites to provide protection from debris. Therefore, the global anodized aluminum market is likely to experience a promising growth during the forecast period.
Global powder-coated aluminum market
The global powder-coated aluminum market was 2.59 million metric tons in 2015. Powder coating of aluminum involves a series of process. First, the surface is cleaned to prevent flaking and enhance adhesiveness. A fine mixture of colored pigment and resin is then applied using an electrostatic spray gun or by other methods such as the fluidized bed method or the electrostatic disc method. Then the object is heated to melt the powder, forming a uniform hard coating.
Powder-coated aluminum is expected to grow on the back of the demand coming from applications such as aerospace products, furniture tubes, vending machines, and exercise equipment. Powder coating is available in different colors and finishes, including simple matt, super matt, satin, gloss, textured, and super gloss. Powder coating can accurately match original colors, and thus, is highly suitable repairing for dents and scuffs. In addition, powder coating provides excellent chemical resistance to industrial-strength (alkaline and acidic) cleaners and mortars.
Browse related reports:
- Global Aluminum Casting Market 2016-2020
- Global Aluminum Composite Panels Market 2016-2020
- Global Aluminum Powders, Pastes, and Flakes Market 2015-2019
- Global Aluminum Extrusion Market 2015-2019
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