Extrusion Sheet Market is Estimated to Witness High Growth Owing to Increasing Use in Automotive and Building & Construction Industries
Extrusion sheets are versatile plastic sheets that are widely used in various applications such as windows, doors, vehicle parts, signs, displays and profiles. Extrusion sheets provide advantages such as durability, lightweight, corrosion resistance and ease of fabrication. With growing construction and automotive industries globally, the demand for extrusion sheets is surging due to their ability to substitute more expensive materials.
The Global Extrusion Sheet Market is estimated to be valued at US$ 12.5 billion in 2024 and is expected to exhibit a CAGR of 5.3% over the forecast period 2024-2029.
Key Takeaways
Key players operating in the Extrusion Sheet market are ALUMAX Industrial Co., Ltd., NOVELIS, Constellium, Arconic, 3A Composites, Jiangyin Zhongying Composite Materials Co., Ltd. and Aludecor.
The key opportunities in the market include increasing production of lightweight vehicles to meet stringent emission norms and growing infrastructure development projects in emerging economies. Advancements in aluminum extrusion technology have led to development of new aluminum alloys with higher strength-to-weight ratio and corrosion resistance.
Market drivers: The major driver for the growth of Extrusion Sheet Market Trends is expansion of automotive and construction industries globally. Increase in vehicle demand and use of composite material sheets in vehicles to reduce weight is a key factor augmenting the market growth. Rapid urbanization and infrastructure development projects especially in Asia Pacific is also fueling the demand for extrusion sheets in building and construction applications.
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