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Aluminum Spacers Market Overview
The Aluminum Spacers market is growing due to their increasing use in machinery, construction, and transport. Allied Market Research reports the market was valued at $550 million in 2021 and is expected to reach $866.4 million by 2031, growing at a CAGR of 4.7%.
Key Market Drivers
- Growing adoption in various sectors
- Increased competition and cheaper materials
- Urbanization and rising demand for housing
- Health concerns regarding aluminum dust may impact growth
Product Types
- Bendable: Largest share in 2021; expected to grow at 5.1% CAGR due to demand for insulating glass.
- Non-Bendable: Also significant but less dominant.
End Use Segments
- Transport: Fastest growth anticipated at 5.3% CAGR due to infrastructure development.
- Building and Construction: Significant applications within this sector.
Regional Insights
Asia-Pacific leads the market, accounting for nearly 40% in 2021, with continued growth projected at 5.3% CAGR, driven by industries in China. Other regions include North America, LAMEA, and Europe.
Key Players
Major companies include Allmetal, ALU-PRO, Avantus Aerospace, AM Industries, and more, focusing on new products and partnerships.
Contact Information
Interested in the report? Visit us for more. For inquiries, reach out to:
Pawan Kumar, CEO, Allied Market Research
+1 800-792-5285
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