Aluminium Profiles And Fittings Market - Forecast (2022 - 2027)

Aluminum profiles and fittings market size is?forecast to reach US$2.1 billion by 2026, after growing at a CAGR of 3.8%?during 2021-2026,?owing to the increasing usage of aluminum profiles and fittings in various applications such as building doors, building structures, aerospace components and more. Aluminum profiles include parts, flexible connectors, and assistants to allow the total edges to be constructed from components without any drilling or machining needed. Aluminum profiles are used as an option to welded steel frames can reduce material costs, improve flexibility and reduce assembly time. The rapid growth of the?building and construction ?industry has increased the demand for aluminum materials; thereby, fueling the market growth. Furthermore, the flourishing transportation industry is also expected to drive the aluminum profiles and fittings industry substantially during the forecast period.

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Key Takeaways

• Asia-Pacific dominates the aluminum profiles and fittings market, owing to the increasing manufacturing & construction activities in APAC due to various government initiatives such as “100 smart cities” and “Housing for all by 2022”.?
• The?aluminum profile and fitting?accessories are?largely employed?in the building and construction end-use industry for installing different levels and structures on the wall such as cabinets, dividers, building doors, building structures, and many others. These applications of aluminum profiles and fittings are projected to increase market growth.?
• With the rising migration of people towards urban areas, there is a strong need to develop residential homes, which will have a positive impact on the construction industry, and thereby accelerating the demand for aluminum profiles and fittings market during the forecast period.