Aluminum Extrusions Advance Fuel Economy, Enhance Performance

The North American aluminum extrusion market is anticipated to grow significantly CAGR of 3.5% during the forecast period (2021-2027). The market is growing due to the improved fuel economy, enhance performance, due to these characteristics, aluminum extrusion is used in autos, buses, trucks, trailers, or rail. Each pound of aluminum that substitutes two pounds of steel or iron in a car can save 3.1 gallons of crude oil, and 20 pounds of CO2 emissions. According to Aluminum Extruders Council (AEC), the 2006 automotive aluminum model vehicles was saved 14.5 billion gallons of gasoline or approximately 350 million barrels of crude oil. It is estimated that the US commercial vehicle fuel standards announced in 2011 will cut crude oil consumption by above 500 million barrels, and ease greenhouse gas emissions by above 300 million tons per year. Additionally, aluminum extrusions provide automotive manufacturers a corrosion-free material with the design suppleness to combine various functions in one part and enhance the application. 

Browse the full report description North American Aluminum Extrusion Market Size, Share & Trends Analysis Report by Product (Shapes, Rods & Bars, Pipes & Tubes), by Application (Building & Construction, Automotive & Transportation, Consumer Goods, Machinery and Equipment, Others) Forecast Period (2021-2027) at https://www.omrglobal.com/industry-reports/north-american-aluminum-extrusion-market

For instance, in January 2021, Nissan, SUV is the company’s first model across the globe which is built by using a closed-loop recycling system for aluminum parts. The system supports reduce CO2 emissions as compared with using parts made with primary alloys from raw materials. It also encourages the usage of materials that don’t rely on newly mined resources.

Market Coverage

• Market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered- By Product and By Application
• Country Covered- The US Competitive Landscape- Bonnell AluminumInc., Custom Aluminum Products, Inc., Samuel, Son & Co., Astro Shapes, LLC, Crystal Finishing Systems Inc, Taber Extrusions, Universal Molding Extrusion Company.

Key questions addressed by the report

• What is the market growth rate?
• Which segment/region dominates the market in base year?
• Which segment/region will project fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from pre-COVID-19 forecast

o Most affected region/segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

North American Aluminum Extrusion Market – Segmentation

Aluminum Extrusion by Product 

• Shapes
• Rods & Bars
• Pipes & Tubes

Aluminum Extrusion by Application 

• Building & Construction
• Automotive & Transportation
• Consumer Goods
• Machinery and equipment
• Others