Overview of the global aluminum market for the building and construction sector

Technavio’s market research analyst predicts the global aluminum market for the building and construction sector to grow at a CAGR of around 6% by 2020.  Aluminum is one of the most sustainable and energy-efficient recyclable construction materials. Aluminum projects qualify for green building status as the aluminum composite panels are easily recyclable and do not lose any of their properties during the recycling process. Aluminum profiles are gaining market share due to their slim structure, durability, and negligible maintenance cost. These products have design flexibility, fast installation, easy fabrication, and superior performance. The anticipated growth of the building profile systems market will drive the consumption of aluminum products during the forecast period.

The market is witnessing huge surge in demand for nano self-cleaning aluminum composite panels. These aluminum panels are coated with nanomaterials films, which are not only resistant to harmful weather conditions but are also repellent to airborne pollutants. They are capable of repelling dust particles during rains and do not require any specific cleaning treatment. Nano coated aluminum composites also help in retaining gloss and color for a longer time as these are resistant to harmful effects of UV radiations. The demand for these nano aluminum composite panels will increase during the forecast period as they help in minimizing the overall maintenance costs and have a longer lifespan.

Competitive landscape and key vendors

The market is highly fragmented and exclusively dominated by aluminum extrusion products. The market is characterized by the presence of well-diversified international and regional vendors. These vendors provide cost-effective casting products with limited functional capabilities. The competition in this market will intensify during the forecast period with the increase in technological innovations and mergers and acquisitions. It is expected that international players would grow inorganically by acquiring local players over the next four years.

Leading vendors in the market are -

• Alcoa
• Constellium
• Gulf Extrusions
• Hindalco Industries
• Novelis
• Sapa
• RUSAL

Other prominent vendors in the aluminum market for the building and construction sector include Altaiseer Aluminium, ALUPCO, Bahrain Atomizer International, Balexco, Hulamin Extrusions, and TALCO.

Segmentation by type and analysis of the aluminum market for the building and construction sector

• Extrusion
• Flat-rolled products
• Casting
• Powder, paste, and flake

The extrusion segment will continue its dominance in the aluminum market for the building and construction sector during the forecast period and is likely to occupy around 74% of the total market share by 2020. Aluminum extruded products are used in the manufacturing of windows and doors, sun shades and light shelves, photovoltaic panel framing and skylights, standard profiles, curtain walls, sliding and hinged, and fire rated doors. Aluminum extrusions are more beneficial over other materials in terms of lead time and cost. For instance, the extrusion dies are five times lesser in cost to die casting products, injection molding dies, and rolled products.

Geographical segmentation and analysis of the aluminum market for the building and construction sector

• Americas
• APAC
• Europe
• MEA

APAC will be the fastest-growing region in the aluminum market for the building and construction sector during the predicted period and is likely to grow at a CAGR of around 7% by 2020. China is the prime demand driver and the largest market for aluminum in APAC as it attracts maximum investments in the construction activities. The increase in construction spending with stronger growth in the infrastructure and non-residential sectors will increase the consumption of aluminum in the APAC nations during the forecast period.

 Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global aluminum market for the building and construction sector?
• What are the key market trends impacting the growth of the global aluminum market for the building and construction sector?
• What are the challenges to market growth?
• Who are the key vendors in the global aluminum market for the building and construction sector?
• What are the market opportunities and threats faced by the vendors in the global aluminum market for the building and construction sector?
• Trending factors influencing the market shares of the Americas, APAC, Europe, and MEA.
• What are the key outcomes of the five forces analysis of the global aluminum market for the building and construction sector?

Technavio also offers customization on reports based on specific client requirement.

Related reports:

• Global Aluminum Extrusion Market 2016-2020
• Global Aluminum Composite Panels Market 2016-2020
• Global Aluminum Casting Market 2016-2020
• Global Aluminum FRP Market 2015 - 2019