Overview and Scope
The aluminium extrusion refers to a procedure that involves pressing aluminium alloy material through a die with a particular cross-sectional profile. It is used to transform aluminium alloy into objects for a wide range of uses. Aluminium’s malleability makes it easy to mill and cast and because it has one-third the density and stiffness of steel, the resulting products are solid and stable compared to other metals.
Sizing and Forecast
The aluminum extrusion market size has grown steadily in recent years. It will grow from $89.37 billion in 2023 to $93.67 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to emerging markets growth, the growing demand for aluminum in the construction industry, and the increase in demand for lightweight and durable extruded products.
The aluminum extrusion market size is expected to see steady growth in the next few years. It will grow to $113.84 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to government support, global population growth and urbanization, the increasing demand for automotive applications, and the growing demand for aluminum in packaging. Major trends in the forecast period include use of artificial intelligence, strategic partnerships and acquisitions, product innovation, and new plant expansions.
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Segmentation & Regional Insights
The aluminum extrusion market covered in this report is segmented –
1) By Product Type: Mill Finished, Anodized, Powder Coated
2) By Alloy Type: 1000 Series Aluminum Alloy, 2000 Series Aluminum Alloy, 3000 Series Aluminum Alloy, 4000 Series Aluminum Alloy, 5000 Series Aluminum Alloy, 6000 Series Aluminum Alloy, 7000 Series Aluminum Alloy
3) By End-Use: Building And Construction, Transportation, Machinery And Equipment, Consumer Durables, Electrical, Other End-Uses
Asia-Pacific was the largest region in the aluminium extrusion market in 2023. The regions covered in the aluminum extrusion market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increase in the construction of green buildings is one of the key factors driving the market growth. Green buildings are environmentally sustainable, energy-saving, and produce low carbon emissions. Aluminium has been a driving force behind the green construction movement because of its unrivaled characteristics. The characteristics of aluminium, such as strong and durable, recyclable, corrosion-resistant, light and malleable, making it apt for sustainable architecture. According to the U.S. Green Building Council (USGBC), India ranked third in Leadership in Energy and Environmental Design (LEED) in 2021 with a total of 146 LEED-certified buildings and spaces, which represents about 2.8 million gross area square meters (GSM) of space. This is an almost 10% increase in LEED-certified space in India from 2020. Thus an increase in the construction of green buildings will lead to the demand for aluminium extrusions.
Key Industry Players
Major companies operating in the aluminum extrusion market report are Norsk Hydro ASA, UACJ Corporation, Constellium N. V., Kaiser Aluminum, Hindalco Industries Ltd., Tredegar Corp. (Bonnell Aluminum, Co., Ltd.), Arconic Corporation, Jindal Aluminium Limited, Gulf Extrusion Co LLC, QALEX, M/s. Century Extrusions Ltd, MYCO INDUSTRIES (MIDC), San Internationl, GS Machining HK Co., Limited, Soil Metal Products Co.,Ltd, Liaoning Zhongwang Group Co, Donghe International Co., Ltd, Dragon LTD, ADD Associates Ltd, Branton Engineering Ltd, Scrap Merchant Supplier UK LTD, William Burton, Metals4u Limited, Alubin Limited, RIAK, BK-ALPROF, RUSAL, LLC, BRT Extrusions, Inc., Momentum Manufacturing Group (MMG), Richardson Metals, Inc, Western Extrusions Corp., PSI Industries, Inc., Hydro Extrusion, Prolind Industrial Ltda, Benetec, Xtral Tecnologia Em Aluminio, Asa Alumínio, Extrusora Argentina, Emirates Extrusion Factory LLC, Cephe Sistemleri, New African Engineering Services, Hulett Metals
The aluminum extrusion market report table of contents includes:
1. Executive Summary
2. Aluminum Extrusion Market Characteristics
3. Aluminum Extrusion Market Trends And Strategies
4. Aluminum Extrusion Market – Macro Economic Scenario
5. Global Aluminum Extrusion Market Size and Growth
…………………..
32. Global Aluminum Extrusion Market Competitive Benchmarking
33. Global Aluminum Extrusion Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Aluminum Extrusion Market
35. Aluminum Extrusion Market Future Outlook and Potential Analysis
36. Appendix
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