Aluminum Extrusion Market – Global Industry Analysis and Forecast (2022-2029)

Aluminum Extrusion Market was valued at US$ 33.09 Bn in 2021. Building & Construction is one of the segments reviewed in the MMR report dominating the global Aluminum Extrusion market.

Aluminum Extrusion Market Overview:

Aluminium content in IC engines & EVs is increasing in the automotive & transportation sector, which is anticipated to fuel market growth during the forecast period. Automobile manufacturers are increasingly under pressure to meet controlling standards related to vehicle environmental impact. The EPA, the CARB, & the NHTSA have all passed laws & rules governing greenhouse gas (GHG) emissions. Aluminum Extrusion MarketTo know about the Research Methodology:- Request Free Sample Report For example, the National Highway Traffic Safety Administration has forced emission rules (NHTSA). CO2 supplies & fuel economy will be tightened by 1.5 % between model years 2022 & 2029, according to these laws. During the forecast period, this is anticipated to increase demand for many aluminium components in autos. United States is a main producer & consumer for aluminium extrusion. The country has been severely impacted by the COVID-19 pandemic, which has a significant impact on the manufacturing activity &, as a consequence, negatively affected product demand. Various non-essential businesses were forced to operate at lower capacity in the 1st half of 2021, reducing raw material demand & causing supply chain disruptions. The pandemic in the United States had a major impact on the aerospace & defence, automobile, & construction industries, causing in a decrease in demand for extruded products. On the other hand Construction events have been given some leeway after the 1st quarter of 2021. Construction events were classified as critical businesses, permitting material inflow for construction purposes to resume. Although, during the year 2021, down sentiments in new construction movement limited the volume flow of aluminium extrusion in the United States. Extrusion products' low costs & light weight lead to their rising popularity in a variety of industrial uses, mainly in the automotive & aerospace & military sectors.

Product Type Segment Overview:

In the year 2021, the shapes product segment had the maximum revenue share of 80%. Aluminium has a high flexibility, making it simple to shape using the extrusion process. Aluminium billets are heated & driven through steel dies using a ram or hydraulic press with high pressure. After this procedure, which contains the shape of dies, aluminium shapes are made. The demand for structural components in cars is growing in order to make them lighter; for instance, the Ford F-150 is built using big aluminium materials, with body panels & extruded shapes accounting for the most of the body weight. The extrusion method, which employs dies, is used to create rods & bars. Rods have a circular shape, whereas bars have a variety of flat sides. Aluminium billets are heated and fed through a series of rollers before being coiled and dragged into rods, bars, and tubes using thinning dies in the extrusion process. Rods and bars are commonly used in construction, especially in the building of scaffolding systems. In terms of reliability, weight, and flexibility, these lighter scaffold systems surpass traditional scaffold systems.

Aluminum Extrusion Market Application Overview:

In the year 2021, the building & construction segment will account for more than 60 percent of total income. The housing segment's investment has had a major impact on the usage of extruded goods in construction. China has the world's major construction segment in terms of nominal value. During the forecast period, the nation's drive to invest in new home development is expected to help the category grow. The automotive and transportation segment had the highest volume share in the year 2021 & it is expected to grow at a strong CAGR over the forecast period. Cross rails, anti-intrusion beams, fuel distribution pipes & tailgate frames are just a rare of the applications for aluminium extrusions in cars. Consumer goods had the minimum market share in the year 2021, due to the lower number of aluminium requests in consumer goods associated to other sub-segments. However, increasing consumer goods production is likely to improve demand for aluminium extrusions for use in furniture, recreational and athletic goods & freezers, & other large appliances. In the consumer goods sector, extruded portions such as sheets, & bars are commonly active. Extruded shapes which have been modified have a wide range of applications in computer device, audio & video systems, & other appliances. Growing production of the above-mentioned devices & appliances is likely to drive the product demand during the forecast period.

Aluminum Extrusion Market Regional Overview:

In the year 2021, APAC held the major market share, accounting for over 74 percent of total sales. Due to the major industries in countries such as China, India, Vietnam, Japan, & South Korea, the area will maintain its top position during the forecast period. China, with its huge construction industry, is anticipated to play a vital role in development of the market growth among these countries. The Chinese administration's strategy to invest in transportation & energy infrastructure is estimated to increase the aluminium extrusion market during the forecast period. In terms of sales, North America is expected to expand at a major rate from 2021 to 2029. The resumption of industry applications following the Covid-19 lockout is required to give the market a boost. Economic development activities by the government are also expected to support in the recovery of the regional market. For example, on October 2021, Canada published a new infrastructure plan worth $ 5.8 Bn intended to endorse a variety of renewable energy initiatives & creating jobs in zones affected by the pandemic. The pandemic's impact on the European automotive industry's development & production is affecting demand for aluminium & its derivatives. In order to recover from of the loss, manufacturers in the region have banded together to endorse the demand for automotive sector by providing funding such as the vehicle-renewal plan, which promotes the sale of eco - friendly vehicles such as green ICEs and EVs. The objective of the report is to present a comprehensive analysis of the Global Market to the stakeholders in the industry. The past and current status of the industry with the forecasted Market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include Market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the Market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global Market dynamics, structure by analyzing the Market segments and project the Global Market size. Clear representation of competitive analysis of key players by Product, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Aluminum Extrusion Market make the report investor’s guide.

Aluminum Extrusion Market Scope: Inquire before buying

Global Aluminum Extrusion Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US$ 33.09 Bn.
Forecast Period 2022 to 2029 CAGR: 11.23 % Market Size in 2029: US$ 77.54 Bn.
Segments Covered: by Product Mill-finished Anodized Powder coated
by End User Building & construction Electrical & electronics Automotive & transportation Industrial Others

Aluminum Extrusion Market, by region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Aluminum Extrusion Market Key Players:

• Aluminium Products Company (ALUPCO) • Arconic Corporation • Bahrain Aluminium Extrusion Co. (BALEXCO) • CENTURY EXTRUSIONS LIMITED • China Zhongwang • Constellium N. V. • GALCO GROUP • Hindalco Industries Limited • JINDAL ALUMINIUM LIMITED • Kaiser Aluminum • BHP Billiton Group • RIO Tinto PLC. Frequently Asked Questions: 1. Which region has the largest share in Global Aluminum Extrusion Market? Ans: North America region holds the highest share in 2021. 2. What is the growth rate of Global Aluminum Extrusion Market? Ans: The Global Aluminum Extrusion Market is growing at a CAGR of 11.23 % during forecasting period 2022-2029. 3. What is scope of the Global Aluminum Extrusion market report? Ans: Global Aluminum Extrusion Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Aluminum Extrusion market? Ans: The important key players in the Global Aluminum Extrusion Market are – Aluminium Products Company (ALUPCO), Arconic Corporation, Bahrain Aluminium Extrusion Co. (BALEXCO), CENTURY EXTRUSIONS LIMITED, China Zhongwang, Constellium N. V., GALCO GROUP, Hindalco Industries Limited, JINDAL ALUMINIUM LIMITED, Kaiser Aluminum, BHP Billiton Group, and RIO Tinto PLC. 5. What is the study period of this market? Ans: The Global Aluminum Extrusion Market is studied from 2021 to 2029.
1. Global Aluminum Extrusion Market: Research Methodology 2. Global Aluminum Extrusion Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Aluminum Extrusion Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Aluminum Extrusion Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Aluminum Extrusion Market Segmentation 4.1 Global Aluminum Extrusion Market, by Product (2021-2029) • Mill-finished • Anodized • Powder coated 4.2 Global Aluminum Extrusion Market, by End User (2021-2029) • Building & construction • Electrical & electronics • Automotive & transportation • Industrial • Others 5. North America Aluminum Extrusion Market(2021-2029) 5.1 North America Aluminum Extrusion Market, by Product (2021-2029) • Mill-finished • Anodized • Powder coated 5.2 North America Aluminum Extrusion Market, by End User (2021-2029) • Building & construction • Electrical & electronics • Automotive & transportation • Industrial • Others 5.3 North America Aluminum Extrusion Market, by Country (2021-2029) • United States • Canada • Mexico 6. Europe Aluminum Extrusion Market (2021-2029) 6.1. European Aluminum Extrusion Market, by Product (2021-2029) 6.2. European Aluminum Extrusion Market, by End User (2021-2029) 6.3. European Aluminum Extrusion Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Aluminum Extrusion Market (2021-2029) 7.1. Asia Pacific Aluminum Extrusion Market, by Product (2021-2029) 7.2. Asia Pacific Aluminum Extrusion Market, by End User (2021-2029) 7.3. Asia Pacific Aluminum Extrusion Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Aluminum Extrusion Market (2021-2029) 8.1 Middle East and Africa Aluminum Extrusion Market, by Product (2021-2029) 8.2. Middle East and Africa Aluminum Extrusion Market, by End User (2021-2029) 8.3. Middle East and Africa Aluminum Extrusion Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Aluminum Extrusion Market (2021-2029) 9.1. South America Aluminum Extrusion Market, by Product (2021-2029) 9.2. South America Aluminum Extrusion Market, by End User (2021-2029) 9.3 South America Aluminum Extrusion Market, by Country (2021-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 Aluminium Products Company (ALUPCO) 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Arconic Corporation 10.3 Bahrain Aluminium Extrusion Co. (BALEXCO) 10.4 CENTURY EXTRUSIONS LIMITED 10.5 China Zhongwang 10.6 Constellium N. V. 10.7 GALCO GROUP 10.8 Hindalco Industries Limited 10.9 JINDAL ALUMINIUM LIMITED 10.10 Kaiser Aluminum 10.11 BHP Billiton Group 10.12 RIO Tinto PLC.