Aluminum Systems Global Market Report 2022

2022-10-17

The global aluminum systems market is expected to grow from $136.85 billion in 2021 to $143.96 billion in 2022 at a compound annual growth rate (CAGR) of 5.2%. The aluminum systems market is expected to grow to $172.16 billion in 2026 at a compound annual growth rate (CAGR) of 4.6%.

The aluminum systems market consists of sales of aluminum systems by entities (organizations, sole traders, and partnerships) that create, evaluate, and provide support for the doors and windows that the general public and the trade purchase.Other system firms create, manufacture, and distribute their own products in addition to their principal function of supplying aluminum bars and components to window factories.

Aluminum systems include exterior and interior doors and windows, building insulation, canopies, aluminum railings, iron, stainless steel, security shutters and Others.

The main alloy types of aluminum systems are wrought aluminum alloy and cast aluminum alloy.The wrought aluminum alloy is made of pure aluminum ingots and melted with the precise alloying substances needed to create a specified grade of aluminum to create wrought aluminum.

The smelted alloy is subsequently cast into huge slabs or billets.The ultimate shape of this material is then achieved through rolling, forging, or extrusion.

The various types of alloying elements used in aluminum systems include silicon, magnesium, manganese, copper, and other alloying elements. The aluminum systems are used in transportation and logistics, packaging, construction, electrical and electronics, and other applications.

Asia Pacific was the largest region in the aluminum systems market in 2021, and it is also expected to be the fastest-growing region in the forecast period. The regions covered in the aluminum systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The aluminum systems market research report is one of a series of new reports that provides aluminum systems market statistics, including aluminum systems industry global market size, regional shares, competitors with a aluminum systems market share, detailed aluminum systems market segments, market trends and opportunities, and any further data you may need to thrive in the aluminum systems industry. This aluminum systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The growth in the automobile industry is driving the aluminum systems market.The design, development, production, marketing, and sale of automobiles are the various activities that constitute the automotive industry.

Manufacturers of automobiles are motivated to produce a variety of styles and lines of vehicles due to consumers` shifting interests and preferences.Aluminum is one of the integral parts of automobile industry and aluminum systems are used to manufacture car structures and body, electrical wiring, wheels, lighting, paint, gearbox, air conditioner condenser and pipes, engine parts, and others.

For instance, in 2021, according to the Society of Indian Automobile Manufacturers (SIAM), a not-for-profit apex national body representing all primary vehicle and vehicular engines, the automotive industry produced a total of approximately 23 million vehicles from April 2021 to March 2022, including passenger cars, commercial trucks, three-wheelers, two-wheelers, and quadricycles, compared to approximately 22.6 million units from April 2020 to March 2021. Therefore, the rapid growth in automotive inudtsry is expected to boost demand for aluminum systems during the forecast period.

Collaborations and partnerships have emerged as the key trend in the aluminum system market.Major companies are operating in the aluminum system sector focus on collaborations and partnerships to meet customer demand, leverage each other`s resources, and expand in a new market.

For instance, in June 2020, AluK, a US-based aluminum systems company that designs, engineers and distributes aluminum windows, doors, and façade solutions, partnered with AIS Windows.The partnership will expand AIS line of aluminum products for aluminum window and door systems by combining the aluminum window system with the best possible glass selection and configuration.

AIS is an India-based manufacturer of aluminum doors and windows.In June 2022, Sharp Corp, a US-based motor vehicle manufacturer, entered into a partnership with Hydro aluminum Metal.

This partnership paves the way for Shape to deliver the distinctiveness of Hydro CIRCAL® to the global automotive industry, offering eco-friendly solutions while continuing to provide the strength and weight-saving capabilities possessed by Hydro`s aluminum product range. Hydro aluminum Metal is an Oslo-based aluminum and renewable energy company.

In April 2020, Hindalco, an India-based aluminum and copper manufacturing company and a subsidiary of the Aditya Birla Group, acquired Aleris International, Inc. for $2.8 billion. The acquisition advances Hindalco`s strategy for aluminum value-added products and allows it to enter the premium aerospace market, strengthening its strategic position. Aleris International, Inc. is a US-based producer of aluminum rolled products.

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