Aluminum slugs refer to blanks or pieces of bar stock converted into finished parts utilizing many machining processes. These slugs are roughened through shot blasting or vibration and are punched out of a self-produced rotary caster strip. These slugs find abundant use in the form of metal extrusion blanks during the process of production of collapsible tubes. They come in different shapes and sizes, such as oval, rectangular, round and various other shapes. Aluminum slugs are environment friendly and are recyclable, which is likely to support growth of the global aluminum slugs market in the forthcoming years.
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Increased Demand from Cosmetic and Pharmaceutical Industries to Boost Market Growth
Aluminum is not heavy material, rather a lightweight one and is extensively used in several components of an automobile. These slugs are machined in such a way that they are able to manufacture vital parts of an automobile, such as parts for braking systems, parts for air bag systems, clamps for hydraulic hoses, and parts in clutches. There has been a rising demand for aluminum components made out of aluminum slugs are gaining traction. Electric cars are at the forefront of such a demand. Products made out of aluminum make an offering attributes, such as resistance to chemical effects and corrosion, clean and smooth surface, and impermeability to light. As such, aluminum finds increased adoption for the purpose of packing of pharmaceuticals and drugs in the pharmaceutical industry. It also finds increasing use in the cosmetic industry, wherein it is utilized in the making sprays and medical dreams. Aluminum slugs are also utilized in the making of cigar tubes, cups, cans, ice buckets, aluminum bottles, cartridges, and pressure vessels. Constant demand for use in several applications across many industries is anticipated to bolster growth of the global aluminum slugs market in the near future.
Increasing demand for convenient and smaller slugs for extrusion is expected to drive the demand for aluminum slugs. In addition, a rise in the per capital income of people in several developing countries are anticipated to support growth of the market.
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