Sustainable Features of Aluminum Extrusion are Paving the Way in Several Industries, says Market.us

Aluminum extrusion is a growing industry as non-fossil-based sectors like solar, wind and hydro, biomass, and nuclear require lightweight, durable extruded products in order to meet additional renewable energy capacities.

Aluminum has been recognized as a key material in meeting our renewable energy targets. It is a key material for meeting renewable energy targets and tackling the 21st century’s environmental issues.

According to the latest report by Market.us,” The Global Aluminum Extrusion Market is expected to grow at a CAGR of roughly 7.8 % over the next ten years and will reach USD 184.86 Bn in 2032, from USD 87.23 Mn in 2022″

The report highlights the key trends shaping the Global Aluminum Extrusion Market in the upcoming years. This report provides qualitative and quantitative analysis in terms of market dynamics, competition scenarios, opportunity analysis, recent developments, market growth, etc., for the forecast year up to 2032.

Anurag Sharma, a senior research analyst at Market.us, said,” Aluminum is an important material among the key players in varied industries. This is due to its versatile properties like its durability, strength, light weightiness, resistance to corrosion, and prolonged recyclable nature. The true power of the efficiency of the metal can be particularly known due to its impact on the environment.”

The industry’s potential growth has been realized by market players thanks to technological advances and innovations in the aluminum extrusion sector over the past few years. The aluminum extrusion market segmentation can be based on end-user industries and products.

Aluminum is the second-most important metal in the world. It has unique properties like a high strength-to-weight ratio, extraordinary design flexibility, corrosion resistance, and electrical conductivity. These multiple properties can be combined with the versatility of extrusion to produce higher-quality products and increase productivity.

Manufacturers of vehicles are being forced to comply with environmental regulations. California Air Resource Board (CARB), National Highway Traffic Safety Administration (NHTSA), and the U.S. Environmental Protection Agency have imposed regulations and rules regarding Greenhouse Gases (GHG).

These rules and regulations show that stringency in fuel economy and carbon dioxide standards has increased by 1.5% between the years 2021 and 2026. This will increase demand for aluminum components in automobiles, such as aluminum extrusion, and create plenty of market opportunities in the future.

The increase in green building construction is driving market growth. Green buildings are environment-friendly, energy-efficient, and have low carbon emissions, owing to which they are increasingly being constructed across the globe.

LEED is for Leadership in Energy and Environment Design. It is widely accepted and used worldwide as a rating system for green buildings. The U.S. Green Building Council developed LEED and provides a framework for building design and construction, operation, maintenance, and operations that teams can use to create more cost-saving, efficient, and healthy buildings.

Aluminum extruded products are proven to be a game changer for developing countries like India. They have gone from being the most desirable element that meets the 7Rs of sustainability to the most favored choice in industries like architecture, manufacturing, and construction.

India has aimed to reach the target of 500 GW of non-fossil energy capacity generation by 2030. The aluminum extrusion market has boosted this initiative. A collaboration between companies to help accelerate the country’s transition towards a low-carbon energy sector.

Aluminum extruded products have been one of the few raw materials to help the industry reinvent itself for a sustainable tomorrow. India’s renewed commitment towards clean energy and carbon reduction and the Glasgow pact aims to solve humanity’s greatest climate change problem. Aluminum extrusion demand is increasing as India aims to reach 50% renewable energy by 2030 and 500 gigawatts of non-fossil power capacity by 2030.

The pioneers are focusing on maintaining reliability, quality, and manufacturing excellence. The market players are focused on developing lightweight materials for downstream industries. They are focusing on capturing new contracts in various end-use sectors.