Global Aluminum Extrusion Market – Industry Trends and Forecast to 2029

Global Aluminum Extrusion Market, By Alloy Type (1000 Series Aluminum Alloy, 2000 Aluminum Alloy, 3000 Aluminum Alloy, 5000 Aluminum Alloy, 6000 Aluminum Alloy and 7000 Aluminum Alloy), Product (Shapes, Rods and Bars, Pipes and Tubes), Application (Automotive and Transportation, Building and Construction, Consumer Goods, Electrical and Energy, Others), Type (Mill-Finished, Anodized and Powder Coated) - Industry Trends and Forecast to 2029.

Aluminum Extrusion Market Analysis and Size

The global manufacturing sector is progressively advancing towards a non-plastic world due to the harmful effects of oil-based plastic materials on nature. Aluminum is one of the most important and sustainable materials and the most abundant metal on the earth’s crust. Due to their capabilities, aluminum extrusion is a versatile and feasible solution for a growing range of manufacturing needs. Moreover, with the aluminum extrusion process, producers can manufacture an extensive range of products, irrespective of shape and size on a single machine or equipment during forecast period.

Data Bridge Market Research analyses that the aluminum extrusion market was valued at USD 86537  million in 2021 and is expected to reach USD 143218.36 million by 2029, registering a CAGR of 6.50% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Aluminum Extrusion Market Scope and Segmentation

Market Definition

Aluminum extrusion is the procedure which is used to extrude aluminum alloy into shapes or objects. Aluminum extrusion can be used in a variety of applications. Aluminum extrusion is modifying aluminum by the use of a formed opening in a die. In the extrusion process, ram pushes the aluminum product through die shape during, and it emerges in the same shape as the die. Once those extruded products have cooled, then they are placed on a stretcher to flatten them completely.

Aluminum Extrusion Market Dynamics

Drivers

• Advantages of aluminum extrudes

Aluminum extrudes are corrosion-resistant, low-maintenance, cost-effective, lightweight, and have paramagnetic properties due to all these properties, aluminum is extensively used in the aerospace and defence industry. The rapid growth of the aerospace and defense industries will contribute positively to the growth of the aluminum extrusion market.

• Increasing demand of aluminum-extruded products in automotive and transportation sector

Aluminum-extruded products are light in weight and perform proficiently under extreme situations such as abrasion, heat, humidity, and vibrations. The automotive and transportation sector is witnessing a growth in aluminum content in internal combustion and electrical vehicles (EVs), which is expected to boost the growth of the aluminum extrusion market.

Moreover, increase in the governmental incentives to apply aluminum extrusions in building integrated photovoltaic (BIPVs) and increase in the development in the building and construction industry will further expected to drive the growth of the aluminum extrusion market.

Opportunities

• Rising concern for eco-friendly procedures

 Vehicle manufacturers are under increasing pressure to meet the governing requirements relating to the environmental impact of vehicles. Agencies, such as California Air Resource Board (CARB), National Highway Traffic Safety Administration (NHTSA) and the U.S. Environmental Protection Agency (EPA) have imposed rules and regulations regarding Greenhouse Gas (GHG) emissions. As per these rules and regulations, stringency for fuel economy and carbon dioxide standards increased by 1.5% from model years 2021 to 2026. This is estimated to increase the demand for various aluminum components in automobiles such as aluminum extrusion and will create ample opportunities for market growth in coming years. 

Moreover, rise in the need for infrastructure development, non-residential and residential projects will also act as market drivers and create beneficial opportunities for the market’s growth rate.

Restraints/ Challenges

• Volatility in  aluminum prices

Costs of aluminum extrusions are majorly dependent on the price of aluminum ores. As the majority of the aluminum extrusion companies have in-house foundries for the manufacture of billets. Thus, the changing costs of aluminum commodities affect both, the price at which the end-consumer buys and the margins of aluminum extrusion manufacturers will hamper the growth of the market.

 This aluminum extrusion 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 extrusion market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Aluminum Extrusion Market

The outbreak of COVID-19 pandemic has created numerous disruptions in the aluminum extrusion market due to lockdowns imposed by numerous governments all over the globe to contain the spread of the virus. As a result, the decline in metal manufacture has significantly influenced the market. Guidelines on cross-border imports and exports delayed the transportation of raw materials, thus negatively affecting the upstream process. Though, the implementation of robotics, intelligent mining, and artificial intelligence in mining and construction sites will decline the number of active labour on the shop floor; thus, limiting the further spread of the virus. This is anticipated to gradually recover the market scenario.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Aluminum Extrusion Market Scope

The aluminum extrusion market is segmented on the basis of alloy type, product, application and type. 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.

Alloy Type

• 1000 Series Aluminum Alloy
• 2000 Aluminum Alloy
• 3000 Aluminum Alloy
• 5000 Aluminum Alloy
• 6000 Aluminum Alloy
• 7000 Aluminum Alloy

Product

• Shapes
• Rods and Bars
• Pipes
• Tubes

Application

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

 Type

• Mill-Finished
• Anodized and Powder Coated

Aluminum Extrusion Market Regional Analysis/Insights

The aluminum extrusion market is analyzed and market size insights and trends are provided by country, alloy type, product, application and type as referenced above.

The countries covered in the aluminum extrusion market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the aluminum extrusion market in terms of market share revenue. This is due to the development of building and construction industry. Likewise, the change towards the acceptance of green buildings in the developed economies will further increase the growth of the aluminum extrusion market n during the forecast period in this region

Europe will expect the fastest growing region during the forecast period of 2022-2029 due to the large vehicle industry base. Furthermore, the increase in the industrial consumption of extruded aluminum is further drive aluminum extrusion market growth in this region in upcoming years.

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 Extrusion Market Share Analysis

The aluminum extrusion 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 extrusion market.

Some of the major players operating in the aluminum extrusion market are:

• JINDAL ALUMINUM LIMITED (India)
• Hindalco Industries Ltd. (India)
• Abilities India Extrusions & Rings Ltd. (India)
• Paramount Extrusionts (India)
• Arias Extrusions (U.S.)
• Burgess-Norton (U.S.)
• Ross Racing Extrusions (U.S.)
• Shriram Extrusions & Rings Ltd. (India)
• Arconic (U.S.)
• Century Extrusions Limited (India)
• Novelis (U.S.)
• TALCO ALUMINUM COMPANY (India)
• Hulamin Extrusions (South Africa)
• alexco BAHRAIN ALUMINUM EXTRUSION COMPANY (Bahrain)
• YKK AP America Inc. (U.S.)
• Constellium Extrusions Decín s.r.o. (France)