Global Aluminum Market for Building and Construction 2016-2020
About the Aluminum Market for Building and Construction Sector
The aluminum industry value chain consists of both upstream and downstream sectors. Operations of upstream sectors include mining (extraction of bauxite) and refining (bauxite to alumina). The commonly used process for extracting bauxite is the Bayer process.
The downstream operations involve casting, smelting, and fabricating the refined alumina. The refined product is then treated in an electrolytic process to obtain liquid aluminum, which is then processed into different shapes and sizes.
Technavio’s analysts forecast the global aluminum market for building and construction sector to grow at a CAGR of 6.31% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global aluminum market for building and construction sector for 2016-2020.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Aluminum Market for Building and Construction Sector 2016-2020
Technavio recognizes the following companies as the key players in the global aluminum market for building and construction sector: Alcoa, Constellium, Gulf Extrusions, Hindalco Industries, Novelis, Sapa, RUSAL.
Other Prominent Vendors in the market are: Altaiseer Aluminum, ALUPCO, Bahrain Atomizer International, Balexco, Hulamin Extrusions, and TALCO.
Commenting on the report, an analyst from Technavio’s team said: “A trend helping to boost market growth is the increased use of aluminum in BIPV systems. BIPV systems are considered as green initiatives. BIPV systems are aluminum-framed photovoltaic systems. These systems are used in facades and roofs of buildings. In BIPV systems, a thin solar cell is integrated into flat roofs made of polymer roofing membrane. Instead of conventional construction materials, these systems are used as a source of energy in buildings and help reduce the overall cost of construction. Aluminum facades can be installed on old buildings giving them a new look as well as a functional advantage as these materials help in generating renewable energy.”
According to the report, a key growth driver is the increase in automation of building systems. . Building automation improves the efficiency of building systems by reducing energy consumption, improving the lifecycle of utilities, and enhancing occupant comfort. Aluminum extrusions are used for manufacturing building profile systems as fine, value-added solutions. These products are increasingly used in the form of windows, doors, facades, and sliding doors in modern high-rise buildings, commercial buildings, and star hotels. Aluminum profiles are gaining market share due to their slim structure, durability, and negligible maintenance cost. Unlike steel, aluminum products do not have insulation limitations; thus, desirable insulation value can be attained with these profiles.
Further, the report states that one challenge that could hamper market growth is fluctuating LME prices which influence premium.
Alcoa, Constellium, Gulf Extrusions, Hindalco Industries, Novelis, Sapa, RUSAL, Altaiseer Aluminum, ALUPCO, Bahrain Atomizer International, Balexco, Hulamin Extrusions, TALCO.