Increase in use of aluminum spacers as a substitute for metal in several end-use sector including machineries, building & construction, and transport have boosted the growth of the global aluminum spacers market. Moreover, increase in number of manufacturers, arrival of local players, and availability of feedstock at reduced prices have supplemented the market growth. However, inhalation of tiny material of aluminum metal has adverse effects on health, such as upper respiratory infection, eye irritation, breathing problems, cough, throat infection, and skin irritation, which hamper the market growth.
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A complete and wide-ranging evaluation of the aspects that drive and restrain the market growth is also provided throughout the study. This detailed exploration of the market size and its proper segmentation help the market players define the prevalent opportunities that are looming large.
As per the report, the global aluminum spacers industry was accounted for $550.0 million in 2021, and is expected to reach $866.4 million by 2031, growing at a CAGR of 4.7% from 2022 to 2031.
The report helps clients in comprehending the first-hand knowledge of the global market while providing a full-fledged understanding of the regional-level analysis of each segment. At the same time, the study contain in-depth information of the frontrunners that are active in the industry along with their financial agenda, segmental profits, company trends, services/products offerings, and major adopted stratagems.
By product type, the bendable segment held the largest share in 2021, accounting for more than three-fifths of the global aluminum spacers market. Furthermore, the segment is expected to dominate the market in terms of revenue by 2031. The segment would showcase the highest CAGR of 5.1% from 2022 to 2031. This is attributed to the fact that growing demand for double glazed insulating glasses in residential and commercial industry.
The Aluminum spacers market report keeps a perfect tab on the market share of several companies, recent market trends, revenue forecast, and new product launches across the market. The report includes company profiles that delineate the revenue share of the top competitors in the market. Simultaneously, the report provides revenue forecasts for four regions and more than twenty major countries across Asia-Pacific, LAMEA. North America and Europe.
The transport segment is projected to manifest the highest CAGR of 5.3% from 2022 to 2031. In addition, the segment held the largest share in 2021, accounting for nearly two-fifths of the global aluminum spacers market. This is attributed to the increase in the transport, infrastructure, and logistics activities has led to the growth of the aluminum spacers. The report includes analysis of the building and construction segment.
Aluminum Spacers Covered Market:- Allmetal, Inc., ALU-PRO Srl, AM Industries, Inc., Avantus Aerospace, Bokers Inc, Fenzi North America, Keystone Electronics corp, LISI Aerospace and Other.
Analysis of COVID-19 impact
The outbreak of the pandemic has had a massive impact on the majority of industries and the Aluminum spacers market was also not an exception in this regard. The report provides a detailed study on the micro- and macro-economic impact during the pandemic. Additionally, it emphasizes the direct impact of the COVID-19 pandemic on the Aluminum spacers market in the form of qualitative study. The report offers explicit details regarding the market extent and shares during this unprecedented time. At the same time, the major strategies adopted by the market players to combat the global crisis is also covered under the report. Last but not the least, the report highlights how the pandemic has distorted the supply chain of the market and takes in a post-COVID-19 analysis too.
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