Aluminium’s Role & Smart Cities
The Government of India is on a mission to set up 100 smart cities across the country – this transition is sure to result in large amounts of consumption of aluminium. Currently, the construction industry is the second largest contributor to the GDP after the agricultural sector. In fact, KPMG predicts that by 2025, India’s construction sector will be the third-largest in the world, after China and America, with an overall value of $1 trillion.
Evolution in the construction industry has led to the development of new technologies – smart cities particularly demand huge amounts of aluminium in the form of bar rods and profiles. As a result, aluminium extrusions manufacturers can expect a considerable rise in demand across the coming years. Interestingly, the demand is expected to be so large that aluminium manufacturing companies in India may not be able to meet the need, which in turn will lead to a rise in imports. Not only will the Smart Cities project lead to accelerated development in infrastructure, but it will also increase the consumption of power and consumer durables, both major contributors to the aluminium sector.
Smart cities will also give rise to the need for better transport – currently, the transportation segment accounts for 26% of the aluminium consumption. The physical properties of aluminium like malleability, ductility, conductivity and its lightweight nature make it ideal for the revamping of infrastructure, transport, housing, with energy being the core of smart city development.
Smart cities are the future of infrastructure development in our country and extrusion companies in India will be major contributors to this transition, in aiding a better and smarter tomorrow.