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 Extruded Aluminum Profiles Market Size is Expected to Grow from USD 84.57 Billion in 2023 to USD 176.11 Billion by 2033, at a CAGR of 7.61% 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 Extruded Aluminum Profiles 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 extruded aluminum profiles market is a sector that produces and supplies aluminum profiles, shaped into various forms like rods, bars, tubes, and customized geometries, catering to various industrial needs. Key attributes include aluminum's lightweight nature, high strength-to-weight ratio, corrosion resistance, and recyclability, making it a preferred choice in sectors like construction, automotive, aerospace, electronics, and consumer goods. The market benefits from extrusion technology's versatility, allowing cost-effective production of complex shapes and profiles. The global construction industry is driving a surge in demand for extruded aluminum profiles, as more residential and commercial buildings are constructed to accommodate urbanization. These profiles are widely used in architectural components like window frames, roofing, cladding, and railing systems due to their high strength-to-weight ratio and corrosion resistance. Their lightweight and durable nature also allows for modern structures with greater aesthetic appeal. However, the extruded aluminum profiles market is facing significant uncertainties due to raw material price volatility, negatively impacting investments and expansion plans of producers, and preventing businesses from making long-term investment decisions.
The rods & bars segment accounted for 41.9% of the market share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the product type, the extruded aluminum profiles market is classified into pipes & tubes, rods & bars, and others. Among these, the rods & bars segment accounted for 41.9% of the market share in 2023 and is expected to grow at a significant CAGR during the forecast period. Aluminum rods and bars are lightweight, rigid, and cost-effective, offering superior strength-to-weight ratio. They can be easily machined, formed, and joined, making them suitable for various structural frameworks. Aluminum's corrosion resistance makes it suitable for harsh environments and marine settings. With minimal maintenance, aluminum structural members maintain durability over long operational lifespans, making them popular in high-performance machinery, automotive components, and industrial goods.
The building & construction segment accounted for 33.5% of the market share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the application, the extruded aluminum profiles market is divided into building & construction, automotive & transportation, consumer goods, electrical & energy, and others. Among these, the building & construction segment accounted for 33.5% of the market share 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 structures, exterior cladding, window frames, curtain walls, and roofing. Its corrosion resistance ensures structural integrity, reduces maintenance costs, and does not require painting or protective coatings. Additionally, aluminum is highly fire-resistant, providing added safety for buildings.
North America is estimated to hold the largest share of the extruded aluminum profiles market over the forecast period.
North America is estimated to hold the largest share of the extruded aluminum profiles market over the forecast period. The U.S. dominates the extrusion industry in the region due to its strong presence in construction and transportation sectors. Major manufacturers cater to builders, fabricators, and OEMs. The North American Free Trade Agreement (NAFTA) has facilitated robust trade between the U.S., Canada, and Mexico, further boosting the industry's growth.
Asia Pacific is predicted to have the fastest CAGR growth in the extruded aluminum profiles market over the forecast period. China dominates the aluminum extrusion market due to its low-cost manufacturing and proximity to industries. Government policies and manufacturing hubs, along with India and Vietnam, are driving capacity additions. The Asia Pacific region, with lower import duties, is an attractive sourcing destination for extruded aluminum profiles amid ongoing U.S.-China trade tensions.
Competitive Analysis
Major key players in the extruded aluminum profiles 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, Dhariwal Industries, and Others.
Recent Development
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the extruded aluminum profiles market based on the below-mentioned segments:
Global Extruded Aluminum Profiles Market, By Product Type
Global Extruded Aluminum Profiles Market, By Application
Global Extruded Aluminum Profiles Market, By Regional Analysis
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