The aluminum extrusion market value is projected to grow from USD 63.08 billion in 2021 and is projected to reach USD 126.85 billion by 2030; it is expected to grow at a CAGR of 8.1% from 2021 to 2030.
The report contains 150+ pages with detailed analysis. The market report also covers the estimated market sizes and trends for different countries across major regions, globally.
Aluminum extrusion is the process of molding aluminium using a die with a shaped opening. A ram drives the aluminium product through the die shape throughout this process, and it emerges in the same shape as the die. After the extruded product has cooled, it is placed on a stretcher to straighten it completely. Aluminum extrusion comes in three different shapes: hollow, semi-hollow, and solid. Aluminium extrusions are widely used in the building, construction, automotive, and transportation industries, as well as in the electrical industry.
Crucial factors accountable for market growth are:
- Rise in demand for lightweight and durable extruded products across diverse industry verticals.
- The demand for flexible designs.
- Rapid growth in construction sector across the globe.
- Cost-effectiveness, lightweight and corrosion-resistant property of aluminum.
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Report Scope of the Aluminum Extrusion Market
| Report Highlights | Details |
| Market Size | USD 126.85 Billion by 2030 |
| Growth Rate | CAGR of 8.1% From 2021 to 2030 |
| Largest Market | Asia Pacific |
| Fastest Growing Market | North America |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Product, Application, Region |
Research Objective
the market revenue/volume with the help of widespread quantitative and qualitative insights, and forecasts of the market. This report presents breakdown of market into forthcoming and niche segments. Additionally, this research study gauges market revenue growth and its drift at global, regional, and country from 2017 to 2020. This research report evaluates aluminum extrusion market on a global and regional level. It offers thorough analysis of market status, growth and forecast of the global aluminum extrusion market for the period from 2017 to 2030. This research study offers historic data for years 2017 to 2020 along with a forecast from 2021 to 2030 based on value.
This report also provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the aluminum extrusion market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.
Report Highlights
- The Shapes Product segment is expected to lead the market contributing more than 80.5% of the revenue share in the upcoming years.
- The building & construction end use segment of the Aluminum Extrusion Market is estimated to lead the market with a market share of more than 60.4% in 2020.
- By Geography, Asia Pacific holds a significant share accounting for more than 75% in 2020 in the Aluminum Extrusion Market in terms of revenue share because of the rapid developmental activities performed in the developing countries such as India, China, Vietnam, Japan, and South Korea
Regional Snapshots
Asia Pacific is expected to grow significantly during the forecast period and is anticipated to contribute more than 75% of the market share owing to the rapid developmental activities performed in the developing countries such as India, China, Vietnam, Japan, and South Korea. For instance, On 7th January 2021, National Aluminium Company Limited (NALCO), announced that it will invest Rs.30,000 crores for expansion and business diversification.
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Market Dynamics
Driver – The rapid growth in the construction sector across the globe is a primary attribute that is estimated to drive the growth of the Aluminum Extrusion Market. For instance, On 7th December 2020, Hindalco Industries Limited announced that it has plans to invest ₹7,000 crore in ‘next few years’ in order to double its production capacity.
Restraint – The major restraining factor that will negatively impact the growth of the Aluminum Extrusion Market includes high initial set up cost and low production efficiency.
Opportunity – With the help of aluminium extrusion, industry players can produce a wide range of extruded goods in a variety of shapes and sizes on the same equipment, and this aspect is likely to drive the Aluminum Extrusion Market forward. For instance, On 23rd March 2021Alcoa Corporation has announced that it will supply sustainable aluminium for the wheels of the Audi e-tron GT, the first vehicle to employ metal produced using a new technology that abolish all direct carbon dioxide emissions from the typical smelting process.
Challenges – The slow extrusion process of aluminum will prevent it to be used in continuous production processes and this attribute is estimated to be a major challenge that will hamper the market growth.
Recent Developments
- On 7th December 2020, Hindalco Industries Limited has stated that a 34,000-tonne extrusion facility will be built in Silvassa for a total investment of Rs 730 crore. The new mill will supply the rapidly expanding demand for extruded aluminium goods in the western and southern United States.
- On 30th September 2021, Alcoa Corporation announced that it will enter the burgeoning high-purity alumina business as part of a cooperative development effort to fulfil increased demand for sustainable goods. Alcoa of Australia Limited (AoA), a subsidiary of Alcoa Corporation, has signed a binding term sheet for high-purity alumina (HPA) development activities with Western Australia-based FYI Resources Ltd.
- On 20th September 2021, Alcoa Corporation announced plans to reopen the Alumar smelter in Sao Lus, Brazil, with a capacity of 268,000 metric tonnes per year.
- On 8th July 2021, WKW Extrusion’s ErbslohAluminium will use Alcoa Corporation’s EcoLum, a low-carbon primary aluminium, to make its new brand of semi-finished extrusion alloys.For its own NEWTRAL brand of alloys, ErbslohAluminium, based in Germany, will employ Alcoa’s low-carbon EcoLum. Customers in the industrial, automotive, furniture accessories and consumer electronics industries will benefit from the new brand, which is built with a specific focus on reducing carbon dioxide emissions. With low-carbon, sustainably produced aluminium, Alcoa and ErbslohAluminium products will assist downstream industries improve the environmental footprint of their products and supply networks.
Key Companies Profiled
The global Aluminum Extrusion Market is characterized by the presence of various small and big players. The major market player includes Hindalco Industries Limited, Aluminium Products Company (ALUPCO), Arconic Corporation, Bahrain Aluminium Extrusion Co. (BALEXCO), China Zhongwang, Constellium N. V., and Gulf Extrusion Co. LLC. As the market is competitive in nature, the players are indulged in rapid adoption of advanced technologies to improve the aluminum extrusion propertiesand in raising their competitive share by means of strategic initiatives like mergers, new product and acquisitions.
Segments Covered in the Report
By Product
- Shapes
- Rods & Bars
- Pipes & Tubes
By Application
- Automotive & Transportation
- Building & Construction
- Consumer Goods
- Electrical & Energy
- Others
By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Russia
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
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