Albany, NY (PRWEB) January 06, 2015
The report states that China maintained its leading market position across the global market in the year 2014 as well, and emerged as a market that was the largest consumer as well as producer of aluminum profiles. It held 64.8% shares of total global capacity, 64.0% shares of total global output and 63.2% shares of total global consumption of these products.
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The report adds that despite that fact that China had the world’s largest share of aluminum profiles output as well as consumption in 2014, the market observed a decline in the growth rate. The report states that output of aluminum profiles will grow to 18.43 million tons and consumption to 15 million tons in 2014, a rise of 13.98% and 7.45%, respectively, compared with the growth rates in 2013 of 15.50% and 11.15% respectively. The slowdown in the market can be largely attributed to a continuous decline in aluminum prices and sluggish demand stemming from a weak economy.
The report primarily segments the China aluminum profiles market into the chief end-user segments, including architecture and industries. The segment architecture is further segmented into building templates and door and windows. The industries section is further segmented into automotive, trains and urban rail transit, LED, consumer electronics and PV.
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In 2013, the market segment industries consumed nearly 4.69 million tons of aluminum profiles, which is nearly 33.6% of total consumption of the country. The market segment architecture emerged as largest consumer of aluminum profiles and garnered nearly 66% shares of the market. Though consumption of aluminum profiles acquired a smaller portion of market shares in 2013, the growth of this segment has increased at a steady rate over the years. From having a 24.1% share of the market in 2001 to its current state of 33.6%, the market has heavily benefitted from the increased adoption of the light-weighted aluminum profiles in transportation and communications.
China Zhongwang Holdings Limited, Asia and China’s largest and world’s third largest aluminum profiles manufacturer observed a growth of nearly 12.6% between 2013 and 2014. It recorded revenue worth RMB12.311 billion at the end of third financial quarter of 2014.
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However, other major companies observed a steep decline in revenues, owing majorly due to decreasing prices of aluminum in the domestic market, rising operating expenses, and depressing demands from foreign markets.
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