With the industrial revolution and the tide of household development aluminum pipe is widely used item in present day in Bangladesh.
The global aluminum extrusion market size was valued at $57.29 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 7.8 per cent from 2021 to 2028, according to Grand View Research.
The market size valued in 2021 is $63.73 billion and the estimated revenue forecast is $104.15 billion in 2028, the Grand View data shows. The Asia-Pacific region dominated the global market and accounted for the largest revenue share of over 74 per cent in 2020.
Now there is around Tk. 1,000-crore investment in the sector while the market demand is nearly 60,000 tons per annum and 10 local companies meet 90 per cent of the domestic demand.
Bangladesh Aluminum Exports was reported at 595.353 USD in Dec 2020.
Major market players in Bangladesh’s aluminum extrusion sector are — PHP Group, Bangladesh Thai Aluminum Ltd, KAI Bangladesh Aluminum, Chung Hua Aluminum Industry Ltd, Dhaka Thai, and Nikki Thai Aluminum Ltd.
Generally, aluminum billets and ingots are imported to produce aluminum extrusion products.
Most modern office complexes and houses are now decorated with aluminum-extrusion products and plate glass.
Currently in Bangladesh aluminum pipe used extensively in medical industry, Aerospace automobile and rail transportation,
It’s a good alternative to steel or other heavier metal in refrigerators engines hydraulic system and few lines because its Hill conductive power is better than steel and other heavier metal.
