The Place Of Turkish Aluminum Sector In The Global Market
Wiki Article
The construction industry's large demand for aluminium alloys is a primary growth driver for the aluminium market. Aluminium alloys are more bendable than steel because they contain a 70 GPa elastic modulus. Aluminium alloys may be moulded into an unlimited number of hollow and solid profiles due to this characteristic. Aluminium is quickly becoming a material of choice for window frames, roofing, prefabricated buildings, architectural hardware, cladding, and structural glazing because anodization gives a hard and durable surface for products used in construction.
This rise in the use of aluminum in the building industry will boost earnings for aluminum manufacturers in Turkey and around the globe. Another important factor that will drive expansion in the Turkish aluminum industry is the rising emphasis on downstream aluminum product exports. In Turkey, downstream aluminium-based products manufacturers create around 900,000 tons of products per year, including extrusions, flat-rolled products, and secondary aluminum. The construction, automobile, and packaging industries are the primary end customers of these items. Manufacturers have been forced to depend on exporting for growth because domestic demand is low compared to supply. Extrusions of aluminum and flat-rolled aluminum products are two main product categories that are in high demand in export markets. The Turkish Aluminium Industry's high quality and diverse manufacturing capabilities have resulted in a well-balanced global network of product-based customers and services.
The Turkish aluminum sector employs roughly 280,000 people, with $2.5 billion in imports. According to the United Nations COMTRADE database on international commerce, Turkey's aluminum exports totaled $3.06 billion in 2020. According to statistics, the revenue from aluminum production in Turkey would be around $6.6 billion US dollars by 2023.
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