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Building & Construction will pave the path for aluminium extrusion growth at a CAGR of 5.9% till 2025

The increasing demand for lightweight vehicles has led to a significant growth of aluminium extrusions usage. The applications of aluminium extrusions know no bound in the transportation sector. From panels to engine blocks, roof rails to chassis of cars, aluminium extrusions are a part of the structural elements of lightweight vehicles. Also, owing to a high strength-to-weight ratio, aluminium extrusions are commonly used in lightweight vehicles.
In addition, other key industries ramping up the consumption of aluminium extrusions include architecture & construction, electrical systems, and industrial. It is to be noted here that the building and construction sector is the major end-user of aluminium extrusions, followed by the transportation and industrial sector.
According to a report – 'The World of Aluminium Extrusions – an industry analysis with forecasts to 2025', worldwide demand for aluminium extrusions is foreseen to grow 5.4% per annum till 2025 to exceed 40 million tonnes. China primarily drives the demand, contributing significantly to the global aluminium extrusions market. In 2020, the country accounted for 66 per cent of the global consumption volume.
In 2025, China's aluminium extrusion usage is expected to reach 27.98 million tonnes, accounting for over 60 per cent of the global usage. The Rest of Asia Pacific is estimated to lead next, consuming 3.94 million tonnes in 2025. North America will consume 2.74 million tonnes, and the Europe Union (28 countries) 2.85 million tonnes, according to the report.
The report shows aluminium extrusion consumption in the building and construction sector is estimated to grow at a CAGR of 5.9% between 2018-2015, reaching 24.11 million tonnes. Transportation, the second-highest consumer of aluminium extrusion globally, is expected to record a 5.7% increase to 6.48 million tonnes by 2025.