Daily Star reported that the market of aluminum extrusion products used in doors, windows and curtain walls has been growing rapidly as wood is getting scarce by the day.
Nearly half a dozen companies have hit the market in the past 2 years to cash in on the growing market size now estimated at around BDT 600 crore per year.
Of the new entrants, PHP Group which is one of the biggest conglomerates in the country is the latest and started selling products in February. Aramit, Nikki Thai, Bikrampur and Dhaka Thai are some other companies which have come into the market in recent years.
Mr Mizanur Rahman head of marketing of PHP Float Glass and PHP Aluminium said that “It is less capital intensive and matches with our existing product line such as float glasses. PHP is producing premium quality aluminum extrusion products.
Aluminum extrusion products like doors, windows, staircase handrails and supports, railings for verandas and corridors have become popular. The use of aluminum in business and office complexes, buildings, theatres as well as decorative purposes is common. Shops built with lighter materials are also consuming aluminum products.
Market players said that the advantages of aluminum such as lightweight, strength, corrosion resistance, durability easy in fabrication attractive appearance and easy maintenance make it a popular material for use in modern buildings.
Mr SM Sohrab senior manager, sales of Bangladesh Thai Aluminum said that the market is growing at a double digit rate. Scarcity of wooden materials has been prompting buyers to go for aluminum extrusion products.
After KAI Bangladesh Aluminum, BD Thai has the largest share in the market. Chung Hua and Dhaka Thai are other major players. KAI Aluminum which started production in 1997 with an annual capacity of 6,000 tonnes has set up a second plant with over 5,000 tonnes of capacity a few years ago to meet the growing demand.