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    Aluminum Extrusion Market on Track for US$ 198.9 Million by 2034  109  0 Kommentare Fact.MR Study

    Growing Demand for Aluminum Extrusion Driven by its High Strength-to-Weight Ratio and Malleability

    ROCKVILLE, Md., May 28, 2024 /PRNewswire/ -- Durability and corrosion resistance of aluminum extrusion driving its widespread use in a variety of industries. According to this updated industry analysis by Fact.MR, the global aluminum extrusion market is set to be worth US$ 101.1 million in 2024 and has been forecasted to expand at 7% CAGR through 2034.

    The market has being growing at a noteworthy pace in response to the rising demand for lightweight and robust extruded goods. Aluminum extrusions are commonly utilized in a wide range of industries such as construction, automotive, aerospace, electronics, and consumer goods.

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    A key advantage of aluminum extrusions is their lightweight design. Aluminum has a high strength-to-weight ratio, making it an attractive material for applications requiring weight reduction in the automotive and aerospace sectors. Aluminum is exceedingly durable and corrosion-resistant, which makes it a desirable material for goods that must tolerate hostile environments or extreme weather conditions.

    Another advantage of aluminum extrusions is their adaptability. The extrusion method enables the development of complicated shapes and designs that can be designed to the specific requirements of many industries and applications. Aluminum extrusions are easily machined, manufactured, and welded, making them easy to work with and adapt to a variety of needs. As a result of these advantages, demand for aluminum extrusions is projected to increase at a significant pace during the forecast period.

    Key Takeaways from Market Study

    • The global aluminum extrusion market is calculated to reach a size of US$ 198.9 million by 2034.
    • The market in North America is forecasted to expand at 7.4% CAGR from 2024 to 2034.
    • East Asia is projected to hold 24.6% of the global market share by 2034.
    • North America is forecasted to account for 17.5% market share by 2034.
    • The shapes segment is projected to expand at 7.1% CAGR from 2024 to 2034.
    • The East Asian aluminum extrusion market is projected to expand at a 6.5% CAGR through 2034.

    "Rising demand for lightweight, corrosion-resistant aluminum extrusions is driven by their superior strength-to-weight ratio. Aluminum extrusions find applications across industries like construction, automotive, and aerospace," says a Fact.MR analyst.

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    Aluminum Extrusion Market on Track for US$ 198.9 Million by 2034 Fact.MR Study Growing Demand for Aluminum Extrusion Driven by its High Strength-to-Weight Ratio and Malleability ROCKVILLE, Md., May 28, 2024 /PRNewswire/ - Durability and corrosion resistance of aluminum extrusion driving its widespread use in a variety of …

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