Increasing projects in construction industry and automotive production are likely to propel the India Aluminium-Extruded Products Market during the forecast period, 2024- 2028.
According to TechSci Research report, “India Aluminium-Extruded Products Market- By Region, Competition Forecast & Opportunities – 2028F”, the India Aluminium-Extruded Products Market is anticipated to register a robust growth during the forecast period 2024-2028. Aluminum extrusion is the process of shaping aluminum using a mold cavity. In the extrusion process, the ram pushes the aluminum product out of the mold and comes out with the same shape as the mold. After the extruded product has cooled, it is moved a certain distance so that it is perfectly straight. Basically, there are three forms of aluminum extrusion profiles: Hollow, semi-hollow, and solid. Aluminum extrusions are widely used in the building and construction, automotive and transportation, and electrical industries. Rising demand for lightweight and durable extruded products in various industries is expected to boost the growth of the aluminum extrusions market during the forecast period.
Aluminum's light weight and high strength-to-weight ratio make it ideal for large structures and buildings to provide additional strength at low weight. Additionally, the high corrosion resistance of extruded aluminum is expected to boost demand in the electrical, electronic, and medical sectors. A thick layer of aluminum oxide after anodization or powder coating makes this type of extrusion very resistant to corrosion, unlike steel and iron. This leads to a reduction in maintenance costs for various industrial products. However, high initial setup costs and low production efficiencies can negatively impact market growth.
Aluminum extrusion is a critical and cost-effective manufacturing process with design flexibility in a variety of industries. This process allows the creation of a wide variety of intricate and detailed shapes, making it suitable for products with intricate designs. Additionally, extruded aluminum is a light, strong and durable material that resists corrosion and withstands harsh environments. Aluminum extrusions can be used in a variety of industries and applications including automotive, aerospace, construction, electrical and electronics.
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India Aluminium-Extruded Products Market is fragmented based on product type, end-use industry, alloy type and shape. On the basis of end-use industry, the market is fragmented into Building & Construction, Automotive & Transportation, Electrical & Electronics, Consumer Durables and Others. During the forecast period, building & construction segment is expected to dominate the India Aluminium-Extruded Products market. Aluminum extrusions are widely used in construction. They are found in applications such as windows and doors, partitions, curtain walls, building siding, roofing, railings, storefronts, greenhouses, scaffolding, building accessories, blinds, decks, building cladding, etc. Aluminum Extrusion is not limited to exterior design. It is also used in a variety of applications such as lighting fixtures, elevator shafts and stairwells. It can also be seen inside buildings, such as home interior products. Integrated aluminum extrusion is almost used in all areas of building construction, including structural mechanics, piping and more. Aluminum extrusion products are widely used in the construction of railings, building facades, railings, grandstands, etc. Its stiffness and light weight also make it ideal for creating canopies, as it doesn't carry much weight. Most ladders are made from aluminum extrusions.
On the basis of product type, the market is fragmented into mill-finished, anodized and powder-coated. During the forecast period, anodized segment is expected to dominate the India Aluminium-Extruded Products Market. Anodizing is durable and will not peel, chip or peel over time, and is also easy to maintain. A simple regular cleaning of the anodized aluminum profile with mild detergent and water will bring it back to its original shine. The damage normally associated with the manufacture of painted extrusions is virtually non-existent in anodized extrusions. Other wear during installation, transportation and handling is negligible. Due to the sealing process during anodizing, it will not tarnish.
Major market players operating in the India Aluminium-Extruded Products Market are:
- Banco Aluminium Limited
- Eagle Extrusion Private Limited
- Alpro Extrusions Pvt. Ltd.
- Kunal Aluminium
- Bhoruka Extrusions
- Jindal Aluminium Limited
- Maan Aluminium Limited
- Hindalco Industries Ltd.
- The Superfine Group
- Global Aluminium Pvt. Ltd
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“Increasing projects in construction and automotive sector plays a key role in growth of aluminium-extruded products during the forecast period. Anodized Segment is expected to dominate the market as it is easy to maintain. They are found in other building accessories such as railings, building facades, railings etc.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“India Aluminium-Extruded Products Market 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 Shape (Composite Shapes, Rods & Bars and Pipes & Tubes), By Region, Competition Forecast & Opportunities, 2018-2028F” has evaluated the future growth potential of India 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 India Aluminium-Extruded Products Market.