Aluminum Spacers Market is expected to gross $866.4 million globally by 2031 at a CAGR of 4.7%, according to Allied Market Research

The increase in the use of aluminum struts as a substitute for metal in several end-use sectors including machinery, building & construction, and transportation has driven the growth of the global aluminum struts market.

PORTLAND, Oregon., August 12, 2022 /PRNewswire/ — Allied Market Research recently released a report titled, “Aluminum Spacers Market by Product Type (Foldable, Non-Foldable), By End Use (Transportation, Building & Construction, Machinery & Equipment): Global Opportunity Analysis and Industry Forecast, 2021-2031”. According to the report, the world aluminum strut industry has been counted $550.0 million in 2021, and should reach $866.4 million by 2031, growing at a CAGR of 4.7% from 2022 to 2031. The report offers a detailed analysis of major segments, changing market trends, value chain, major pockets of investment, regional landscape and competitive scenario.

Key Drivers of Market Growth

The increase in the use of aluminum struts as a substitute for metal in several end-use sectors including machinery, building & construction, and transportation has driven the growth of the global aluminum struts market. Moreover, the increase in the number of manufacturers, the arrival of local players and the availability of raw materials at discounted prices have supplemented the growth of the market. However, inhaling tiny metallic aluminum materials has adverse health effects, such as upper respiratory tract infection, eye irritation, respiratory problems, coughing, throat infection, and irritation. skin, which are hampering the growth of the market. On the contrary, the push of urbanization, the increase in the demand for housing infrastructure, the increase in population, the modulation of construction projects and the upgrading of technology would open up new opportunities for the coming.

Request a PDF brochure: https://www.alliedmarketresearch.com/request-sample/17501

Covid-19 scenario:

  • The Covid-19 pandemic had a moderate impact on the market due to a disrupted supply chain and raw material supply difficulties.
  • Additionally, delays in infrastructure investment and transportation shutdown have hampered the demand for aluminum spacers.

The foldable segment dominated the market

By product type, the collapsible segment held the largest share in 2021, accounting for more than three-fifths of the global aluminum strut market. Moreover, the segment is expected to dominate the market in terms of revenue by 2031. The segment is expected to exhibit the highest CAGR of 5.1% from 2022 to 2031. This is attributed to the growing demand for double insulating glass glazing in the residential and commercial sectors. industry. The report includes analysis of the non-collapsible segment.

Get Detailed Analysis of Impact of COVID-19 on Aluminum Spacers Market @ https://www.alliedmarketresearch.com/request-for-customization/17501?reqfor=covid

Transportation Segment to Show Highest CAGR through 2031

By end use, the transportation segment is expected to show the highest CAGR of 5.3% from 2022 to 2031. Furthermore, the segment held the largest share in 2021, accounting for nearly two-fifths of the global aluminum strut market . This is attributed to the increase in transportation, infrastructure and logistics activities which has led to the growth of aluminum struts. The report includes analysis of building and construction segment.

Asia Pacific held the highest share

By region, the global aluminum struts market across Asia Pacific dominated in 2021, accounting for almost two-fifths of the market, and is expected to maintain its leading position over the forecast period. In addition, the region should present the Highest CAGR by 5.3% during the forecast period, due to Aluminum spacers are widely used in cans due to its flexibility, high strength and corrosion resistivity. These factors have placed greater emphasis on aluminum manufacturing in China. The report also includes market analysis across North AmericaLAMEA and Europe.

Main market players

  • Allmetal, Inc.
  • ALU-PRO Srl
  • AM Industries, Inc.
  • Avantus Aerospace
  • Bokers Inc.
  • Fenzi North America
  • Keystone Electronics Corp.
  • LISI Aerospace
  • Jinsheng New Energy Technology Group
  • Merk KGaA
  • MW Industries
  • Phoenix specialty
  • Nedex
  • Ramapoglass
  • Electrical SMC.

The report analyzes these key players of the global Aluminum Spacers market. These players have adopted various strategies such as expansion, new product launches, partnerships and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments of each market player.

Interested in obtaining this report? Visit here:
https://www.alliedmarketresearch.com/aluminum-spacers-market/purchase-options

Avenue Basic Plan | Access to the library | 1 year subscription |

Sign up for the Avenue subscription to access over 12,000 company profiles and over 2,000 niche market research reports on $699 per month, per seat. For one year, the customer must purchase a minimum 2-seat plan.

Avenue Library Subscription | Request a 14-day free trial before purchasing: https://www.alliedmarketresearch.com/avenueTrial

Get more information: https://www.alliedmarketresearch.com/library-access

Similar reports:

Saudi Arabia Aluminum Market: Opportunity Analysis and Industry Forecast, 2019-2026

North America Aluminum Market: Opportunity Analysis and Industry Forecast, 2015-2023

Multi-Metal Aluminum Sandwich Panel Market: Global Opportunity Analysis and Industry Forecast, 2020-2027

Aluminum Market: Global Opportunities Analysis and Industry Forecast, 2021-2031

Aluminum Extrusion Market: Global Opportunity Analysis and Industry Forecast, 2020-2027

About Us:
Allied Market Research (AMR) is a full-service market research and business advisory division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unparalleled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

Pawan KumarCEO of Allied Market Research, directs the organization towards the provision of high quality data and information. We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. All the data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the field concerned. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
hong kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
[email protected]
The Web: https://www.alliedmarketresearch.com
Follow us on: LinkedIn

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg

SOURCE Allied Market Research

Comments are closed.