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Home ➤ Building and Construction ➤ Construction Materials ➤ Aluminum Extrusion Market
Aluminum Extrusion Market
Aluminum Extrusion Market
Published date: Aug 2022 • Formats:
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  • Home ➤ Building and Construction ➤ Construction Materials ➤ Aluminum Extrusion Market

Global Aluminum Extrusions Market; By Product (Shapes, Rods & Bars, Pipes & Tubes); By Application (Building & Construction, Automotive & Transportation, Consumer Goods, Electrical & Energy); as well as By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast: 2023-2032

  • Published date: Aug 2022
  • Report ID: 34646
  • Number of Pages: 351
  • Format:
  • Overview
  • Table of Contents
  • Major Market Players
  • Request a Sample
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    • Report Overview
    • Global Aluminum Extrusions Market Scope:
    • Key Market Segments:
    • Market Dynamics:
    • Regional Analysis
    • Key Regions and Countries Covered in this Report:
    • Market Share & Key Players Analysis:
    • Market Key Major Players:

    Report Overview

    The Aluminum Extrusion Market size is expected to be worth around USD 1,81,463.21 million by 2032 from USD 87,230 million in 2022, growing at a (compound annual growth rate)CAGR of 7.60% during the forecast period from 2022 to 2032.

    The market demand for aluminum extrusion in automotive and transportation is expected to grow over the forecast period, due to a greater demand for aluminum in both internal combustion engines and Electrical Vehicles (EVs). Automobile manufacturers face increasing regulatory pressure to comply with environmental norms. The U.S. Environmental Protection Agency, California Air Resource Board (CARB), and National Highway Traffic Safety Administration have enacted regulations & rules regarding Greenhouse Gases (GHG).

    Aluminum Extrusion Market Value

    Global Aluminum Extrusions Market Scope:

    Product Analysis:

    In 2021, the ‘Shapes’ product segment was responsible for more than 80% of total revenues generated. The extrusion process makes aluminum very malleable, making it possible to construct assorted shapes or structures. Aluminum billets are heated in this process and then forced with the ram, hydraulic press, or high-pressure steel dies. This process produces aluminum shapes. Aluminum shapes are used in the automotive and transportation sector. They can be found in panels, roof rails, and transmission housings as well as in engine blocks for cars, trucks, boats, and locomotives. To make electric vehicles lightweight including there is increasing demand for these structural components/parts.

    Ford’s F-150 is made from significant amounts of aluminum. Extruded material shapes and aluminum body panels make up a significant portion of its body weight. Bars have flat sides, while rods are circular. Aluminum billets are heated, passed through several rolls, and then coiled. They are then drawn through thinned dies into rods, bars, and tubes. These rods and bars are used extensively in construction, particularly when building scaffolding systems. These lightweight scaffolding systems have many advantages over traditional systems in terms of stability and weight as well as flexibility.

    Application Analysis:

    In 2021, the building & construction industry accounted for more than 60% of all revenue. Investment in the housing sector has greatly influenced the use of extruded lightweight materials in construction activities. China is the dominant country in construction, as per nominal value. China’s desire to invest in housing development will likely boost this sector’s growth over the forecast period. In 2021, the automotive and transportation sector accounted for the 2nd largest revenue share and volume share. It is expected to grow at a favorable CAGR over the forecast period. Aluminum extrusions are used in many applications, including cross rails and anti-intrusion beams, as well as fuel distribution pipes, radiator beams, seat tracks, underbody space rockers, roof rails, and tailgate frames in vehicles.

    In 2021, consumer goods accounted for the lowest market share because the number of aluminum applications in these goods is subsidiary than in other sub-segments. The forecast period is expected to register an increase in the production of consumer goods. However, aluminum extrusions are expected to be more popular for furniture, appliances, refrigeration & freezers, as well as other major appliances. The consumer goods industry is a significant user of extruded sections such as sheets, custom shapes, and bars. Extruded shapes can be used in a variety of appliances, including audio and video systems. Over the next few years, the demand for these products and appliances is anticipated to increase.

    Key Market Segments:

    By Product

    • Shapes
    • Rods & Bars
    • Pipes & Tubes

    By Application

    • Building & Construction
    • Automotive & Transportation
    • Consumer Goods
    • Electrical & Energy
    • Others

    Market Dynamics:

    The National Highway Traffic Safety Administration (NHTSA) has issued emission regulations. These regulations increased the stringency of carbon dioxide standards as well as fuel economy by 1.5% between 2021 and 2026. This is slated to increase the demand for aluminum components in automobile industries. The United States is an important producer and consumer of aluminum extrusions. This country has been severely affected by the COVID-19 pandemic. Its manufacturing activities have undergone major disruptions, which in turn has negatively impacted product demand. In the first half of 2020, several non-essential businesses had to operate at a lower capacity. This affected the demand for raw materials as well as the operation of supply chains.

    Due to the onset of this pandemic, the aerospace, defense, and construction industries in the US were severely affected. There was also a decline in extruded product demand. Construction activities received some relief after Q1, 2020. Construction activities were recognized as essential businesses. This led to material inflows for the construction segment. The volume flow of aluminum extrusion to the U.S. for FY 2020 was directly impacted by depressing sentiments associated with new construction activities. Extrusion products are light and cheap, which is why they are in high demand in many industrial applications, including aerospace and defense.

    Regional Analysis

    The Asia Pacific region was the dominant market driver including the major regions in 2021, accounting for more than 70% of the total revenues. Due to the presence of large manufacturing sectors in this dominant region from countries such as South Korea, China, India, and Vietnam, it is expected to continue its dominance over the next few years. China, with its large construction sector, is expected to play a major role in fostering industry growth. China’s plan to invest in transport infrastructure and energy infrastructure will likely have a positive impact on the aluminum extrusion market growth factors over the forecast period. In terms of revenue, North America is expected to experience a substantial rate of growth between 2022 and 2030. Market growth is anticipated to be boosted by the resumption of industrial operations following the pandemic.

    The recovery of this regional market volume will also be aided by government initiatives in economic development. Canada, for example, unveiled a new infrastructure plan in October 2020 worth CAD 7.5 billion (US$5.8 billion) to promote a variety of renewable energy initiatives and to create jobs that were impacted by the pandemic in the country. Due to this pandemic, the European automotive industry experienced a decline in growth rate and production. This impacted the demand for aluminum products company. In an effort to recover from this loss, regional producers have joined forces for the development and growth of key factors of the automotive applications industry. They support certain schemes or initiatives such as the vehicle-renewal scheme, which focuses on the sale of eco-friendly vehicles such as clean ICEs or EVs.

    Aluminum Extrusion Market Regional Share

    Key Regions and Countries Covered in this Report:

    • North America
      • US
      • Canada
      • Mexico
    • Europe
      • Germany
      • UK
      • France
      • Italy
      • Russia
      • Spain
      • Rest of Europe
    • APAC
      • China
      • Japan
      • South Korea
      • India
      • Rest of Asia-Pacific
    • South America
      • Brazil
      • Argentina
      • Rest of South America
    • MEA
      • GCC
      • South Africa
      • Israel
      • Rest of the Middle East & Africa

    Market Share & Key Players Analysis:

    Several market players are now focused on developing less-weight ratio materials for downstream industries. The securing of new contracts in various end-use sectors is a significant area of focus. China Zhongwang Holdings Ltd. recently supplied aluminum body parts for urban rail projects in Shanghai and Guangzhou. Through cooperation with CRRC, the company was able to secure contracts to supply aluminum extruded aluminum products and body parts for projects in Nigeria and Thailand.

    Aluminum Extrusion Market Share

    Market Key Major Players:

    • Hindalco Industries Ltd
    • Arconic Corp.
    • JINDAL ALUMINIUM LIMITED
    • Norsk Hydro ASA
    • ETEM Group
    • Galco Group
    • Century Extrusions
    • China Zhongwang Holdings Limited
    • Constellium N.V.
    • Kaiser Aluminum Corporation
    • QALEX
    • Zahit Aluminum
    • Bonnell Aluminum
    • AMG Advanced Metallurgical Group
    • Tajik Aluminum Company
    • Al-Taiseer Aluminium Factory
    • National Material L.P
    • Alcoa
    • Gulf Extrusions
    • Sapa
    • Hulamin Extrusions
    • YKK Corporation of America
    • Other Key Players

    For the Aluminum Extrusion Market research study, the following years have been considered to estimate the market size:

    AttributeReport Details

    Market Size in 2022

    USD 87,230 million

    Growth Rate

    7.60%

    Forecast Value in 2032

    USD 1,81,463.21 million

    Historical Years

    2016-2020

    Base Year

    2021

    Estimated Year

    2022

    Short Term Projection Year

    2028

    Projected Year

    2023

    Long Term Projection Year

    2032

    Report Coverage

    Competitive Landscape, Revenue analysis, Company Share Analysis, Manufacturers Analysis, Volume by Manufacturers, Key Segments, Key company analysis, Market Trends, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis, strategy for existing players to grab maximum market share, and more.

    Regional Scope

    North America, Europe, Asia-Pacific, South America, Middle East & Africa

    Country Scope

    United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa

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    Frequently Asked Questions (FAQ)

    What is the compound annual growth rate of Aluminum Extrusion Market?

    Aluminum Extrusion Market growing at a (compound annual growth rate)CAGR of 7.60% during the forecast period from 2022 to 2032.

    What is the Aluminum Extrusion Market Size Between 2023 to 2032?

    The Aluminum Extrusion Market size is expected to be worth around USD 1,81,463.21 million by 2032 from USD 87,230 million in 2022,

    Aluminum Extrusion Market
    Aluminum Extrusion Market
    Published date: Aug 2022
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    • Hindalco Industries Ltd
    • Arconic Corp.
    • JINDAL ALUMINIUM LIMITED
    • Norsk Hydro ASA
    • ETEM Group
    • Galco Group
    • Century Extrusions
    • China Zhongwang Holdings Limited
    • Constellium N.V.
    • Kaiser Aluminum Corporation
    • QALEX
    • Zahit Aluminum
    • Bonnell Aluminum
    • AMG Advanced Metallurgical Group
    • Tajik Aluminum Company
    • Al-Taiseer Aluminium Factory
    • National Material L.P
    • Alcoa
    • Gulf Extrusions
    • Sapa
    • Hulamin Extrusions
    • YKK Corporation of America
    • Other Key Players
  • settingsSettings

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