Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Aluminum Extrusion Market Size is Expected to Grow from USD 82.99 Billion in 2023 to USD 180.74 Billion by 2033, at a CAGR of 8.09% during the forecast period 2023-2033.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Aluminum Extrusion Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Pipes & Tubes, Rods & Bars, and Others), By Application (Building & Construction, Automotive & Transportation, Consumer Goods, Electrical & Energy, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
The manufacturing and distribution of aluminum profiles made by the extrusion technique make up the extruded aluminum profiles market. Aluminum alloy is forced through a die to create these profiles to manufacture intricate cross-sectional shapes like rods, bars, tubes, channels, and specific geometries. Growing emphasis on the usage of environmentally friendly and sustainable building materials is one of the major trends impacting the market for extruded aluminum profiles. In addition to increased infrastructure-building activities brought on by rapid urbanization, lightweight materials are becoming more and more popular across a range of end-use industries, including transportation and the automotive sector. The global construction industry is driving a surge in demand for extruded aluminum profiles, which are used in various construction applications due to their high strength-to-weight ratio, corrosion resistance, and lightweight nature, enabling architects to design modern structures with aesthetic appeal. The Indian government has been actively promoting energy efficiency and sustainability in the aluminum sector. For instance, the Perform, Achieve, and Trade (PAT) scheme has led to significant energy savings in the aluminum industry, while the government is focusing on resource efficiency and recycling through initiatives like the Draft Strategy on Aluminium Resource Efficiency. However, the extruded aluminum profiles market is facing significant uncertainties due to volatile raw material prices, affecting investments and expansion plans of producers, and preventing certainty in long-term decisions.
The rods & bars segment accounted highest share of 41.98% in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the product type, the aluminum extrusion market is classified into pipes & tubes, rods & bars, and others. Among these, the rods & bars segment accounted highest share of 41.98% in 2023 and is expected to grow at a significant CAGR during the forecast period. This is because of their numerous industrial uses. Compared to steel competitors, aluminum rods and bars have several advantages, especially when it comes to strength-to-weight ratio. Aluminum's rigidity and light weight allow for lower installation and shipping costs without sacrificing load-bearing capacity.
The building & construction segment accounted for 33.98% of the market share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the application, the aluminum extrusion market is divided into building & construction, automotive & transportation, consumer goods, electrical & energy, and others. Among these, the building & construction segment accounted highest share of 33.98% in 2023 and is expected to grow at a significant CAGR during the forecast period. Aluminum is a versatile building material suitable for load-bearing buildings, roofs, window frames, curtain walls, and external cladding. Its corrosion resistance ensures structural integrity, reduces maintenance costs, and offers fire resistance, providing an extra layer of security.
North America is estimated to hold the largest share of the aluminum extrusion market over the forecast period.
North America is estimated to hold the largest share of the aluminum extrusion market over the forecast period. The U.S. dominates the extrusion industry in the region due to its strong presence in end-use industries, construction, and transportation sectors. Major manufacturers cater to builders, fabricators, and OEMs. The North American Free Trade Agreement (NAFTA) supports trade between the U.S., Canada, and Mexico.
Asia Pacific is predicted to have the fastest CAGR growth in the aluminum extrusion market over the forecast period. China leads the market for extruded aluminum profiles due to its low-cost manufacturing and proximity to critical industries. India and Vietnam are also increasing capacity due to the 'China plus one' procurement strategy amid U.S.-China trade tensions. Asia Pacific's lower import duties make it an attractive sourcing destination for extruded aluminum profiles.
Company Profiling
Major key players in the aluminum extrusion market include Norsk Hydro ASA, Extal Ltd., Bonnell Aluminum, China Zhongwang Holdings Ltd., China Hongqiao Group Limited, Centaury Aluminum Corporation, China HongquiaoGroup Limited, Schüco International KG, Hindalco Industries Ltd., Sainty Aluminium, Arconic Corporation, Constellium, GAL Aluminium, Padmawati extrusion, Aluka Extrusion, JM Aluminium, Indo Alusys Industries Limited, Shenzhen Oriental Turdo Ironwares Co., Ltd., Gloria Aluminium India Pvt Ltd, and Dhariwal Industries, and Others.
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the aluminum extrusion market market based on the below-mentioned segments:
Global Aluminum Extrusion Market, By Product
Global Aluminum Extrusion Market, By Veterinary
Global Aluminum Extrusion Market, By Regional Analysis
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