by According to the industry experts, The aluminum extrusion market size is projected to reach around US$ 126.85 billion by 2030 from USD 57.75 billion in 2020 growing at a CAGR of 8.1% from 2021 to 2030. The report contains 150+ pages with detailed analysis.
The base year for the study has been considered 2021, the historic year 2019 and 2020, the forecast period considered is from 2021 to 2030. The aluminum extrusion market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit).
Aluminum extrusion is the process of molding aluminium using a die with a shaped opening. A ram drives the aluminium product through the die shape throughout this process, and it emerges in the same shape as the die. After the extruded product has cooled, it is placed on a stretcher to straighten it completely. Aluminum extrusion comes in three different shapes: hollow, semi-hollow, and solid. Aluminium extrusions are widely used in the building, construction, automotive, and transportation industries, as well as in the electrical industry.
Crucial factors accountable for Aluminum Extrusion market growth are:
- Rise in demand for lightweight and durable extruded products across diverse industry verticals.
- The demand for flexible designs.
- Rapid growth in construction sector across the globe.
- Cost-effectiveness, lightweight and corrosion-resistant property of aluminum.
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Aluminum Extrusion Market Scope
This market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, the Middle East and Africa. This research report offers scenario and forecast (revenue/volume), and categorizes the market by key players and various segment. This report also studies global market prominence, competitive landscape, market share, growth rates market dynamics such as drivers, restraints and opportunities, and distributors and sales channels.
This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.
Aluminum Extrusion Report Highlights
- The Shapes Product segment is expected to lead the market contributing more than 80.5% of the revenue share in the upcoming years.
- The building & construction end use segment of the Aluminum Extrusion Market is estimated to lead the market with a market share of more than 60.4% in 2020.
- By Geography, Asia Pacific holds a significant share accounting for more than 75% in 2020 in the Aluminum Extrusion Market in terms of revenue share because of the rapid developmental activities performed in the developing countries such as India, China, Vietnam, Japan, and South Korea
Aluminum Extrusion Market Dynamics
Driver – The rapid growth in the construction sector across the globe is a primary attribute that is estimated to drive the growth of the Aluminum Extrusion Market. For instance, On 7th December 2020, Hindalco Industries Limited announced that it has plans to invest ₹7,000 crore in ‘next few years’ in order to double its production capacity.
Restraint – The major restraining factor that will negatively impact the growth of the Aluminum Extrusion Market includes high initial set up cost and low production efficiency.
Opportunity – With the help of aluminium extrusion, industry players can produce a wide range of extruded goods in a variety of shapes and sizes on the same equipment, and this aspect is likely to drive the Aluminum Extrusion Market forward. For instance, On 23rd March 2021Alcoa Corporation has announced that it will supply sustainable aluminium for the wheels of the Audi e-tron GT, the first vehicle to employ metal produced using a new technology that abolish all direct carbon dioxide emissions from the typical smelting process.
Challenges – The slow extrusion process of aluminum will prevent it to be used in continuous production processes and this attribute is estimated to be a major challenge that will hamper the market growth.
Aluminum Extrusion Market Recent Developments
- On 7th December 2020, Hindalco Industries Limited has stated that a 34,000-tonne extrusion facility will be built in Silvassa for a total investment of Rs 730 crore. The new mill will supply the rapidly expanding demand for extruded aluminium goods in the western and southern United States.
- On 30th September 2021, Alcoa Corporation announced that it will enter the burgeoning high-purity alumina business as part of a cooperative development effort to fulfil increased demand for sustainable goods. Alcoa of Australia Limited (AoA), a subsidiary of Alcoa Corporation, has signed a binding term sheet for high-purity alumina (HPA) development activities with Western Australia-based FYI Resources Ltd.
- On 20th September 2021, Alcoa Corporation announced plans to reopen the Alumar smelter in Sao Lus, Brazil, with a capacity of 268,000 metric tonnes per year.
- On 8th July 2021, WKW Extrusion’s ErbslohAluminium will use Alcoa Corporation’s EcoLum, a low-carbon primary aluminium, to make its new brand of semi-finished extrusion alloys.For its own NEWTRAL brand of alloys, ErbslohAluminium, based in Germany, will employ Alcoa’s low-carbon EcoLum. Customers in the industrial, automotive, furniture accessories and consumer electronics industries will benefit from the new brand, which is built with a specific focus on reducing carbon dioxide emissions. With low-carbon, sustainably produced aluminium, Alcoa and ErbslohAluminium products will assist downstream industries improve the environmental footprint of their products and supply networks.
Aluminum Extrusion Market Regional Snapshots
Asia Pacific is expected to grow significantly during the forecast period and is anticipated to contribute more than 75% of the market share owing to the rapid developmental activities performed in the developing countries such as India, China, Vietnam, Japan, and South Korea. For instance, On 7th January 2021, National Aluminium Company Limited (NALCO), announced that it will invest Rs.30,000 crores for expansion and business diversification.
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Key Players/Manufacturers
This report also provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the aluminum extrusion market and ranks noticeable companies as per their occurrence in diverse regions across the globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.
Some of the prominent players in the global aluminum extrusion market include:
Hindalco Industries Limited, Aluminium Products Company (ALUPCO), Arconic Corporation, Bahrain Aluminium Extrusion Co. (BALEXCO), China Zhongwang, Constellium N. V., and Gulf Extrusion Co. LLC.
Aluminum Extrusion Market Segments Covered
By Product
- Shapes
- Rods & Bars
- Pipes & Tubes
By Application
- Automotive & Transportation
- Building & Construction
- Consumer Goods
- Electrical & Energy
- Others
By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Russia
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Research Objective
- To provide a comprehensive analysis of the aluminum extrusion industry and its sub-segments in the global market, thereby providing a detailed structure of the industry
- To provide detailed insights into factors driving and restraining the growth of this global market
- To provide a distribution chain analysis/value chain for the this market
- To estimate the market size of the global aluminum extrusion market where 2019 would be the historical period, 2020 shall be the base year, and 2020 to 2027 will be the forecast period for the study
- To provide strategic profiling of key companies (manufacturers and distributors) present across the globe, and comprehensively analyze their competitiveness/competitive landscape in this market
- To analyze the global market in four main geographies, namely, North America, Europe, Asia-Pacific, and the Rest of the World
- To provide country-wise market value analysis for various segments of the aluminum extrusion
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Aluminum Extrusion Market
5.1. COVID-19 Landscape: Aluminum Extrusion Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Aluminum Extrusion Market, By Product
8.1. Aluminum Extrusion Market, by Product Type, 2021-2030
8.1.1. Shapes
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Rods & Bars
8.1.2.1. Market Revenue and Forecast (2019-2030)
8.1.3. Pipes & Tubes
8.1.3.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Aluminum Extrusion Market, By Application
9.1. Aluminum Extrusion Market, by Application, 2021-2030
9.1.1. Automotive & Transportation
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. Building & Construction
9.1.2.1. Market Revenue and Forecast (2019-2030)
9.1.3. Consumer Goods
9.1.3.1. Market Revenue and Forecast (2019-2030)
9.1.4. Electrical & Energy
9.1.4.1. Market Revenue and Forecast (2019-2030)
9.1.5. Others
9.1.5.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global Aluminum Extrusion Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Product (2019-2030)
10.1.2. Market Revenue and Forecast, by Application (2019-2030)
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Product (2019-2030)
10.1.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.1.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Product (2019-2030)
10.2.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Product (2019-2030)
10.2.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.2.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Product (2019-2030)
10.2.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Product (2019-2030)
10.2.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Product (2019-2030)
10.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Product (2019-2030)
10.3.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.3.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Product (2019-2030)
10.3.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Product (2019-2030)
10.3.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Product (2019-2030)
10.4.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.4.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Product (2019-2030)
10.4.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Product (2019-2030)
10.4.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Product (2019-2030)
10.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Product (2019-2030)
10.5.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.5.4.2. Market Revenue and Forecast, by Application (2019-2030)
Chapter 11. Company Profiles
11.1. Hindalco Industries Limited
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Aluminium Products Company (ALUPCO)
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Arconic Corporation
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Bahrain Aluminium Extrusion Co. (BALEXCO)
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. China Zhongwang
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Constellium N. V.
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Gulf Extrusion Co. LLC.
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
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