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Dublin, September 24, 2021/PRNewswire/-"Global aluminum extrusion market size, share and trend analysis report, by product (pipe and tube, shape), by application (power and energy, building and construction), "By region (MEA, APAC) and Segment Forecasts, 2021-2028" reports have been added to ResearchAndMarkets.com products.
By 2028, the global aluminum extrusion market is expected to reach 104.15 billion U.S. dollars, growing at a compound annual growth rate of 7.8% during the forecast period.
It is expected that during the forecast period, increased investment in infrastructure and residential construction will drive market growth. Due to rapid urbanization, rising per capita income and population growth, emerging economies in the Asia-Pacific region, Central and South America, and the Middle East and Africa are investing in residential and infrastructure sectors. For example, in the economic budget for the 2020-21 fiscal year, the Indian government announced that it would provide approximately US$1.41 trillion in funding for infrastructure projects in the country. The Indian government will develop 6,500 projects under its National Infrastructure Pipeline (NIP) in the next five years. In addition to the construction industry, the growth of the automotive and transportation industries is also expected to play a key role in driving market growth. Aluminum is a lightweight material that helps curb car emissions. In addition, due to various strict government regulations on carbon emissions, automobile companies prefer this material to steel to make cars. The Covid-19 pandemic has disrupted industry value chains in various countries, such as China. However, with the relaxation of economic and social control since April 2020, the country's economic activity will rebound strongly. In the second quarter (April to June) GDP reported by other major economies in the world as negative, China's GDP growth was 3.2%. The country's economic growth will help alleviate the impact of the pandemic for the rest of 2020. Highlights of the Aluminum Extrusion Market Report
Key topics covered: Chapter 1 Methodology and Scope Chapter 2 Executive Summary Chapter 3 Aluminum Extrusion Market Variables, Trends and Scope Chapter 4 Aluminum Extrusion Market: Product Estimation and Trend Analysis Chapter 5 Aluminum Extrusion Market: Application Estimation and Trend Analysis Chapter 6 Aluminum Extrusion Market: Regional Estimation and Trend Analysis Chapter 7 Competition Analysis Chapter 8 Company Profile
For more information about this report, please visit https://www.researchandmarkets.com/r/26iij2
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