Aluminum spacers are increasingly being used as substitutes for metal in various sectors such as machinery, building and construction, and transport.

WILMINGTON, DELAWARE, UNITED STATES, March 19, 2024 /EINPresswire.com/ — A recent report by Allied Market Research titled “Aluminum Spacers Market” offers valuable insights into the industry’s dynamics, trends, and future prospects. According to the report, the global aluminum spacers market reached $550.0 million in 2021 and is expected to grow to $866.4 million by 2031, with a CAGR of 4.7% from 2022 to 2031.

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Key Market Drivers:

– Aluminum spacers are increasingly being used as substitutes for metal in various sectors such as machinery, building and construction, and transport, driving market growth.
– The market benefits from the increasing number of manufacturers, entry of local players, and availability of raw materials at reduced prices.

However, health concerns related to the inhalation of aluminum particles, such as respiratory issues and skin irritation, pose challenges to market growth.
Opportunities in the market are expected to arise from factors like urbanization, demand for housing infrastructure, population growth, changes in construction projects, and technological advancements.

Covid-19 Impact:

– The pandemic moderately affected the market due to disruptions in the supply chain and challenges in raw material procurement.
– Infrastructure investment delays and transportation shutdowns further dampened demand for aluminum spacers.

Market Segmentation:

– The bendable segment dominated the market in 2021, accounting for over three-fifths of the global market. It is expected to continue leading in revenue by 2031, with a projected CAGR of 5.1%.
– The transport segment is anticipated to exhibit the highest CAGR of 5.3% from 2022 to 2031, attributed to increased transport, infrastructure, and logistics activities.

Regional Analysis:

Asia-Pacific led the market in 2021 and is expected to maintain its dominance, with a projected CAGR of 5.3% during the forecast period. China’s emphasis on aluminum manufacturing, particularly for drinking cans, contributes to this growth.

Key Players:

Major players in the global aluminum spacers market include 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, and SMC Electric.

These players are implementing strategies such as expansion, product launches, and partnerships to strengthen their market position. The report provides insights into their business performance, product portfolio, and developments.

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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Allied Market Research
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