Global Aluminum Extrusions Market By Product (Shapes, Rods and Bars, Pipes and Tubes), Type (Mill Finished, Anodized, Powder Coated), Alloy Type (1000 Series Aluminum Alloy, 2000 Series Aluminum Alloy, 3000 Series Aluminum Alloy, 5000 Series Aluminum Alloy, 6000 Series Aluminum Alloy, 7000 Series Aluminum Alloy), End-Use Industry (Building and Construction, Transportation, Machinery and Equipment, Consumer Durables, Electrical, Others)– Industry Trends and Forecast to 2029
Market Analysis and Size
Aluminum extrudes are a cost-effective, lightweight, corrosion-resistant material that requires little maintenance and has paramagnetic properties, making them a popular alternative to traditional aluminium products. They are widely used in a variety of industries, including building and construction, transportation, machinery and equipment, consumer durables, electrical, and so on.
Data Bridge Market Research analyses that the aluminum extrusions market was valued at USD 169.99 billion in 2021 and is expected to reach the value of USD 253.07 billion by 2029, at a CAGR of 5.10% during the forecast period of 2022 to 2029.
Market Definition
Aluminum extrusion is the process of shaping aluminium using a dye with a shaped opening. A ram pushes the aluminium product through the dye shape during the extrusion process, and it emerges with the same shape as the dye. After the extruded products have cooled, they are transferred to a stretcher to ensure that they are perfectly straight.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2014 - 2019)
|
|
Quantitative Units
|
Revenue in USD Billion, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Product (Shapes, Rods and Bars, Pipes and Tubes), Type (Mill Finished, Anodized, Powder Coated), Alloy Type (1000 Series Aluminum Alloy, 2000 Series Aluminum Alloy, 3000 Series Aluminum Alloy, 5000 Series Aluminum Alloy, 6000 Series Aluminum Alloy, 7000 Series Aluminum Alloy), End-Use Industry (Building and Construction, Transportation, Machinery and Equipment, Consumer Durables, Electrical, Others)
|
|
Countries Covered
|
U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa
|
|
Market Players Covered
|
RUSAL (Russia), CONSTANTIA (Austria), China Hongqiao Group Limited (China), Amcor plc (Switzerland), Coppice Alupack Ltd. (UK), Tetra Pak International S.A. (Switzerland), Arnold Magnetic Technologies (US), Zenith Alluminio Srl (Italy), Eurofoil (Luxembourg), TOYO ALUMINIUM K.K. (Japan), Hindalco Industries Ltd. (India), Danpak (Pakistan), Plus Pack AS (Denmark), Southern Aluminium Industry (China) Co.,Ltd (China), Alfipa (Germany), Wrisco Industries Inc. (US), PECTEC Corporation (US)
|
|
Opportunities
|
|
Aluminum Extrusions Market Dynamics
Drivers
- Increasing demand from the construction industry
One of the key factors driving market growth is the increased construction of green buildings. Green buildings are environmentally friendly, energy-efficient, and have low carbon-emissions, which is why they are increasingly being built around the world. Extruded aluminium is in high demand in the construction industry because it is widely used in the manufacture of windows and doors in these buildings.
- The expansion of automotive industry provides growth opportunities
Another factor contributing to market growth is the expanding automotive sector. Extruded aluminium is used in the fabrication of various aluminium-made parts in automobiles due to its light weight. Furthermore, because of their high malleability, aluminium extrudes can be moulded into a variety of shapes without expending a lot of energy, increasing their demand for industrial applications. Furthermore, automobile manufacturers are under increasing pressure to comply with regulatory requirements pertaining to vehicle environmental impact.
Opportunity
Extruded aluminium’s high corrosion resistance is expected to drive demand in the electrical, electronics, and medical sectors. Unlike steel and iron, such extrusions are highly resistant to corrosion due to a thick layer of aluminium oxide after anodizing or powder coating. This results in lower maintenance costs for a variety of industrial products. The rise in demand for flexible design is expected to open up lucrative opportunities for aluminium extrusion market participants. Aluminium extrusion allows industry players to produce a diverse range of extruded products in a variety of shapes and sizes on the same equipment.
Restraints
The easy availability of low-cost substitutes, combined with high initial set-up costs and low production efficiency, may negatively impact the growth of the aluminium extrusion market, which cannot achieve continuous production due to the slow extrusion process.
This aluminum extrusions market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the aluminum extrusions market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Aluminum Extrusions Market
The COVID-19 pandemic has had a significant impact on the aluminium extrusion industry. The Covid-19 outbreak has wreaked havoc on the industry's value chain. This effect, however, is only expected to be temporary, with a robust recovery expected in the coming years. Following the relaxation of economic and social regulations in order to recover from the pandemic's impact, governments saw a significant increase in economic activity. Intelligent mining, robots, and artificial intelligence in construction and mining sites are expected to improve market conditions over time.
Recent Developments
- Hindalco Industries Ltd acquired Hydro's aluminium extrusions business in India in December 2021. With this acquisition, the company is focusing on expanding its presence in the upper end of the value added market.
- Novelis launched a net zero lab in February 2022 in collaboration with HES-SO Valais-Wallis to develop carbon neutral solutions for aluminium manufacturing. The company will invest in decarbonization research as a result of this, with the goal of becoming carbon neutral by 2050.
Global Aluminum Extrusions Market Scope
The aluminum extrusions market is segmented on the basis of product, type, alloy type, and end-use industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Mill Finished
- Anodized
- Powder Coated
Product
- Shapes
- Rods and Bars
- Pipes and Tubes
.Alloy type
- 1000 Series Aluminum Alloy
- 2000 Series Aluminum Alloy
- 3000 Series Aluminum Alloy
- 5000 Series Aluminum Alloy
- 6000 Series Aluminum Alloy
- 7000 Series Aluminum Alloy
End users
- Building and Construction
- Transportation
- Machinery and Equipment
- Consumer Durables
- Electrical
- Others
Aluminum Extrusions Market Regional Analysis/Insights
The aluminum extrusions market is analysed and market size insights and trends are provided by country, product, type, alloy type, and end-use industry as referenced above.
The countries covered in the aluminum extrusions market report are U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa
Asia-Pacific accounted for the highest revenue share due to the widespread use of aluminium extrusion in the construction and automotive industries in China, India, and Japan. For example, the dome spans of the Hunan Provincial Government Office and the exhibition centres in Changsha are made of aluminium extrusion alloys. Furthermore, China, as the world's largest automaker, has a high demand for aluminium extrusion in passenger and light trucks.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Aluminum Extrusions Market Share Analysis
The aluminum extrusions market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to aluminum extrusions market.
Some of the major players operating in the aluminum extrusions market are:
- RUSAL (Russia)
- CONSTANTIA (Austria)
- China Hongqiao Group Limited (China)
- Amcor plc (Switzerland)
- Coppice Alupack Ltd. (UK)
- Tetra Pak International S.A. (Switzerland)
- Arnold Magnetic Technologies (US)
- Zenith Alluminio Srl (Italy)
- Eurofoil (Luxembourg)
- TOYO ALUMINIUM K.K. (Japan)
- Hindalco Industries Ltd. (India)
- Danpak (Pakistan)
- Plus Pack AS (Denmark)
- Southern Aluminium Industry (China) Co.,Ltd (China)
- Alfipa (Germany)
- Wrisco Industries Inc. (US)
- PECTEC Corporation (US)
SKU-