COVID-19 Pandemic Impact on Global Aluminum Extrusion Market 2020-2024|Technavio

The aluminum extrusion market is expected to register a CAGR of almost 4% during 2020-2024, as per the latest research report by Technavio. The report offers a detailed analysis about the impact of COVID-19 pandemic on the market in optimistic, probable, and pessimistic forecast scenarios.

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Technavio has announced its latest market research report titled Global Aluminum Extrusion Market 2020-2024 (Graphic: Business Wire)

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Due to the extensive spread of the virus across the globe, the Materials Industry is anticipated to have Mixed impact. The aluminum extrusion market will showcase Positive impact during 2020-2024.

Aluminum Extrusion Market 2020-2024: Segmentation

Aluminum Extrusion Market is segmented as below:

• Product
  • Mill-finished
  • Anodized
  • Powder Coated
• End-user
  • Building and Construction
  • Automotive and Transportation
  • Machinery and Equipment
  • Consumer Durables
  • Others
• Geographic Landscape
  • APAC
  • North America
  • Europe
  • South America
  • MEA

APAC region will account for the highest incremental growth during the forecast period due to the increasing applications of aluminum-extruded products in industries such as automotive and transportation and building and construction.

With the surging growth of COVID-19 pandemic, the Materials market is anticipated to have a direct impact during the forecast period. View market snapshot before purchasing

Increasing demand for aluminum extrusion in the automotive industry has been an instrumental factor in influencing the growth of aluminum extrusion market. Other market drivers include the growth of real estate and construction industry and growing demand for lightweight and high-performance materials. Technavio offers custom research analysis on the crucial pointers to highlight the impact of COVID-19 on the market across the supply chain.

Key Considerations for Market Forecast:

• Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
• Optimistic, base case and pessimistic scenarios for all markets as the impact of pandemic unfolds
• Pre- as well as post-COVID-19 market estimates
• Quarterly impact analysis as the spread reaches a global level and updates on market estimates

Get more insights about the global trends impacting the future of aluminum extrusion market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR40582

Aluminum Extrusion Market 2020-2024: Vendor Analysis

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Key players in the market have been launching several initiatives and introducing innovative products and services to cater a larger target audience during the pandemic. Major market participants include Arconic Inc., Bonnell Aluminum Inc., Century Aluminum Co., China Zhongwang Holdings Ltd., Constellium SE, Global Aluminium Pvt. Ltd., Guangdong Fenglu Aluminium Co. Ltd., Kaiser Aluminum Corp., Norsk Hydro ASA, and UACJ Corp.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform

Table of Contents:

Executive Summary

• Market Overview

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five Forces Summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Product

• Market segments
• Comparison by Product placement
• Mill-finished - Market size and forecast 2019-2024
• Anodized - Market size and forecast 2019-2024
• Powder coated - Market size and forecast 2019-2024
• Market opportunity by Product

Market Segmentation by End-user

• Market segments
• Comparison by End-user placement
• Building and construction - Market size and forecast 2019-2024
• Automotive and transportation - Market size and forecast 2019-2024
• Machinery and equipment - Market size and forecast 2019-2024
• Consumer durables - Market size and forecast 2019-2024
• Others - Market size and forecast 2019-2024
• Market opportunity by End-user

Customer landscape

• Overview

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography

Drivers, Challenges, and Trends

• Market drivers
• Volume driver - Demand led growth
• Volume driver - Supply led growth
• Volume driver - External factors
• Volume driver - Demand shift in adjacent markets
• Price driver - Inflation
• Price driver - Shift from lower to higher priced units
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Arconic Inc.
• Bonnell Aluminum Inc.
• Century Aluminum Co.
• China Zhongwang Holdings Ltd.
• Constellium SE
• Global Aluminium Pvt. Ltd.
• Guangdong Fenglu Aluminium Co. Ltd.
• Kaiser Aluminum Corp.
• Norsk Hydro ASA
• UACJ Corp.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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