TMR_Research_Reports_2017 Aluminum Market - Global Industry Analysis 2025 | Page 2

Report Description
Aluminum is a type of sustainable and energy-efficient metal. It is often considered a recyclable metal. Easy availability of aluminum
over other metals and its cost effectiveness increases its applicability over vast fields; one of the most prominent use has been noticed
in the building and construction industry.
Aluminum has been increasingly used in construction and certain other industries. Aluminum composite panels are easily recyclable
and the metal does not lose its properties during the recycling process. Aluminum profiles are gaining high popularity owing to their
slim structure, high durability, and negligible maintenance cost. Aluminum profiles are easy to install and they offer superior
performance. Moreover, they have design flexibility, which enhances their use in several operations. Real estate manufacturers with
lower budget for construction prefer the use of aluminum as a roofing material and for other housing structures. With growing share of
industries in advanced and emerging economies, this metal has rising application in factories and warehouses. This factor drives the
aluminum market for building & construction.
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However, in certain cases, aluminum can be more expensive as compared to steel. This hinders the growth of the aluminum market for
building & construction.
Aluminum is lighter as compared to other metals and this raises its application in the construction sector. The metal is largely used in
hilly areas, wherein low-cost construction is a major concern for the government. Rising concerns about providing eco-friendly
buildings increase the use of aluminum in the construction industry. This market is expected to witness growing demand as
nanomaterial composite panels have extensive application in different end users segment. These panels are coated with aluminum
particles that not only provide resistance to extreme weather conditions, but also resist air-borne pollution.
With the rising concerns about sustainable environment, demand for aluminum in the real estate industry is expected to increase
during the forecast period. These nanomaterial-based aluminum panels can repel dust during rains and they do not require any specific
cleaning mechanism. These types of composite panels are able to retain their color and gloss for a long period of time, as they are not
adversely affected by harmful UV rays. These metals require lower cost of maintenance and this factor raises their use in the building
& construction industry during the forecast period.
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The aluminum market for building & construction has been segmented on the basis of product type into extrusion, flat-rolled products,