Aluminum spacers are lightweight and non-magnetic material that are used to bridge the gap between the two objects. These are designed to reduce wear and tear, eliminate friction & vibration, and provide basic sealing properties between the objects. Aluminum spacers possess various properties, such as high strength, tenacity, corrosion, heat resistance, and it is dimensionally stable, owing to which, they are extensively used in various end-use industries, such as electrical, automotive, building & construction, industrial, manufacturing, and others.
Aluminum spacers are industrial thermoplastics, which are widely used in the industrial applications where labor can get exposed to fine particles of aluminum spacers. Inhalation of tiny material of aluminum metals has adverse effects on the health, such as upper respiratory infection, breathing problems, eye irritation, cough, throat infection, skin irritation, and others. These factors may together hamper the aluminium spacer market growth. On the contrary, rise in urbanization, increasing demand for housing infrastructure, rise in population, up-gradation in technology, and modulation in construction projects have escalated the growth of aluminum spacers in building & construction sectors. Aluminum spacers have good thermal stability, are economically viable and readily available, and are easy to recycle, owing to which, it is widely used as an efficient thermal conductor for indoor and outdoor components in housing infrastructure. These factors drive the market growth; thus, creating remunerative opportunities in the market.
The aluminum spacers market is segmented on the basis of product type, end use, and region. On the basis of product, the market is categorized into bendable and non-bendable. On the basis of end use, the market is divided into transport, building and construction, and machinery and equipment. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investments. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. The report features strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of key players to increase their market share and sustain intense competition in the industry.
Aluminum spacers are industrial thermoplastics, which are widely used in the industrial applications where labor can get exposed to fine particles of aluminum spacers. Inhalation of tiny material of aluminum metals has adverse effects on the health, such as upper respiratory infection, breathing problems, eye irritation, cough, throat infection, skin irritation, and others. These factors may together hamper the aluminium spacer market growth. On the contrary, rise in urbanization, increasing demand for housing infrastructure, rise in population, up-gradation in technology, and modulation in construction projects have escalated the growth of aluminum spacers in building & construction sectors. Aluminum spacers have good thermal stability, are economically viable and readily available, and are easy to recycle, owing to which, it is widely used as an efficient thermal conductor for indoor and outdoor components in housing infrastructure. These factors drive the market growth; thus, creating remunerative opportunities in the market.
The aluminum spacers market is segmented on the basis of product type, end use, and region. On the basis of product, the market is categorized into bendable and non-bendable. On the basis of end use, the market is divided into transport, building and construction, and machinery and equipment. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investments. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. The report features strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of key players to increase their market share and sustain intense competition in the industry.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the aluminum spacers market analysis from 2021 to 2031 to identify the prevailing aluminum spacers market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the aluminum spacers market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global aluminum spacers market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product Type
- Bendable
- Non-Bendable
By End Use
- Transport
- Building and Construction
- Machinery and Equipment
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA
Key Market Players
- 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
- SMC electric.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: ALUMINUM SPACERS MARKET, BY PRODUCT TYPE
CHAPTER 5: ALUMINUM SPACERS MARKET, BY END USE
CHAPTER 6: ALUMINUM SPACERS MARKET, BY REGION
CHAPTER 7: COMPANY LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
The global aluminum spacers market size was valued at $550.0 million in 2021, and is projected to reach $866.4 million by 2031, growing at a CAGR of 5.5% from 2022 to 2031.Aluminum spacers are lightweight and non-magnetic material used to bridge the gap between the two objects. These are designed to reduce wear and tear, eliminate friction & vibration, and provide basic sealing properties between the objects. Aluminum spacers possess various properties, such as high strength, tenacity, corrosion, heat resistance, and it is dimensionally stable. Owing to such functionalities, it is extensively used in various end-use industries such as electrical, automotive, building & construction, industrial, manufacturing, and others.
The utilization of aluminum spacer has increased in the automotive sector owing to rise in population, growing consumer demand for vehicles, and expansion of automobile industry, which has escalated the demand for aluminum spacers. Aluminum spacers are used in automotive components to create a space between the stepper motor and motor mounting plate. In addition to this, aluminum spacer has good insulating property that keep two parts away from touching, which prevents electrical shorts in the vehicle and automotive components. These factors are expected to drive the aluminum spacers market during forecast period.
However, the production of aluminum spacer excretes various toxic chemicals and fine materials during manufacturing process. If it is exposed beyond concentration limit, the labor may cause several health-related issues such as irritation in eye, vision failure, respiratory problems, dizziness, genotoxic, cardiovascular, and gastrointestinal problems. This factor is anticipated to hamper the market growth.
Aluminum spacers are widely used as a substitute over metals in several end-use sectors, such as building & construction, and automotive, owing to its resistance to corrosion, lightweight, and better insulation property. In addition, factors such as growing manufacturing industry, availability of feedstock at reduced prices, and arrival of local players have led manufacturers to offer aluminum spacer at low prices. This factor is predicted to create remunerative opportunities for expansion of the aluminum spacers market in the future.
The aluminum spacers market forecast is segmented on the basis of product type, end use, and region. By product type, the market is segregated into bendable and non-bendable. The bendable segment dominated the global market, in terms of revenue in 2021. This is attributed to the fact that growing demand for double glazed insulating glasses in residential and commercial industry has spurred the growth of aluminum spacers where it is used in insulating glass unit as it reduces heat loss, prevents sunlight from entering into buildings through glasses, and helps in reducing the visible lights transmittance on glasses.
By end use, the market is divided into transport, building and construction, and machinery and equipment. The transport segment dominated the global market, in terms of revenue in 2021, with 40% share in the global market. This is attributed to the fact that rise in industrialization, urbanization, increase in disposable income, and demand for electric vehicles, which have increased significantly where the aluminum spacer is a good source of insulating agent that keep two parts away from touching, preventing electrical shorts in the vehicle.
Region-wise, the aluminum spacers market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific aluminum spacers market size is projected to grow at the highest CAGR of 5.3% during the forecast period, and accounted for a major market share in 2021, owing to rise in the automotive sector, which has enhanced demand for aluminum spacer in Asia-Pacific. The electric vehicle sector in China is increasing rapidly, which has forced aluminum spacer manufacturers to produce high-quality and different types of aluminum spacer for use in sealing systems to enhance aerodynamics of vehicles.
Key players operating in the global aluminum spacers market analysis include, Allmetal, Inc., ALU-PRO Srl, AM Industries, Inc., Avantus Aerospace, Bokers Inc., Fenzi North America, JINSHANG NEW ENERGY TECHNOLOGY GROUP CO., LTD, Keystone Electronics Corp, LISI AEROSPACE, Merk KGaA, MW Industries (MWI), NEDEX, Phoenix Specialty, Ramapoglass, and SMC electric.
Key Findings of the Study
- In terms of type, the bendable segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 5.1% from 2022 to 2031.
- In terms of end use, the transport segment is anticipated to register the highest CAGR of 5.3% during the forecast period.
- By region, the Asia-Pacific garnered the highest aluminium spacer share of 38% in 2021, in terms of revenue, and is expected to grow at a CAGR of 5.3%.
Companies Mentioned
- 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
- Smc Electric.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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