Global Aluminum Extrusion Market (2021-2026) by Product, type of Application, Geography and the Impact of COVID-19 with Ansoff Analysis

Aluminum is the mostly extruded metal due to its thermal conductivity and its non-magnetic properties. The extrusion method is a method of shaping Aluminum alloy into objects through a thermo-mechanical manufacturing process. Aluminum as a metal has multitudinous applications ranging from automotive sector to manufacturing of components used in heavy aircrafts. The process of extrusion process makes the most of Aluminum’s unique combination of physical characteristics. Certain processes in extrusion provides with a variety of options to adjust the colour, texture and brightness of the Aluminum’s finish. These extrusions are applied in different areas such as electrical, hardware, transportation, and consumer durables due to its properties. It is also been preferred over other metals due to its light weight and low fuel consumption.

The Aluminum extrusion market is majorly rising due to the rise in demand for infrastructure along with demand for vehicles. The prominent sectors of automotive and construction are propelling the growth whereas the prevalent substitutes to Aluminum are hampering the growth of this market.

The Global Aluminum Extrusion Market is estimated to be USD 69.6 Bn in 2021 and is expected to reach USD 82.25 Bn by 2026 growing at a CAGR of 3.4%.

Market Dynamics

Drivers

• Increase in governmental incentives
• Rapid growth in the building & construction industry
• Growth of energy industry

Restraints

• Availability of cheaper substitutes
• High Capital Investments

Opportunities

• Increasing applications in EVs
• Sustainable and recyclable metal

Trends

• Rising demand for light weight vehicles in the automotive sector

Segments Covered

By Geography, Asia Pacific region dominates the market for Aluminum extrusion with the major extrusion companies located in this region.

The Global Aluminum Extrusion Market is segmented on the basis of product, type of application and geography.

Global Aluminum Extrusion Market, By Product Type

• Mill-finished
• Anodized
• Powder Coated

Global Aluminum Extrusion Market, By Product Volume

• Shapes
• Rods & Bars
• Tubes & Pipes

Global Aluminum Extrusion Market, By Application

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

Global Aluminum Extrusion Market, By Geography

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

Company Profiles

Some of the companies covered in this report are Norsk Hydro ASA, China Zhongwang Holdings Limited, Hindalco-Novelis and QALEX etc

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share etc.

Lions: Represents companies with a strong foothold in the market, with the highest market share, large investments in technologies, new products.
Bulls: Companies that are medium in size competing with their USPs, growing companies with proven market share.
Rabbits: Small companies but growing rapidly, constantly improving their offerings in the market.
Tortoise: Companies which are slow in growth, having a long legacy and stable or negative in performance.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Aluminum Extrusion Market.
• The report includes in-depth qualitative analysis, verifiable data from authentic sources and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys and observation of renowned personnel in the industry.
• The report includes in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
• The report also contains the competitive analysis using Competitive Quadrant, the analyst's proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market