North American Aluminum Extrusion Market Size, Share & Trends Analysis Report by Product (Shapes, Rods & Bars, Pipes & Tubes), by Application (Building & Construction, Automotive & Transportation, Consumer Goods, Machinery and Equipment, Others) Forecast Period (2021-2027)
The North American aluminum extrusion market is expected to grow at a substantial CAGR of 3.5% during the forecast period. Aluminum extrusion provides the ability to create shapes to meet design challenges from large to small products such as electric motor housing to radiation shutter. The major factors that drive the market growth included the increasing demand for aluminum extrusion products in applications mainly in construction, consumer goods, machinery and equipment, energy, electrical, healthcare, and military. The aluminum extrusion is used in these applications due to its characteristics such as lightweight, strength, high thermal conductivity, non-corrosive, ease of fabrication. Aluminum extrusion mark to their presence in a wide range of consumer goods in air conditioning system, in generous goods, in yard furniture.
Aluminum extrusions also support in meet challenges for the automobile companies. As automotive manufactures make efforts for improved fuel economy and reduced emissions, the aluminum extrusion contributes to this segment by aiding car industrialists to reduce vehicle weight to improve the efficacy of conventional vehicles. For instance, in 2020, Hyundai launched their latest demo vehicle, the Hyundai RM20e Sports Car. TheRM20e is battery-powered and intended to be a test vehicle to generate data for application to other Hyundai models. It is based on the Veloster, the RM20e add in an extrusion-based front subframe.
Additionally, the US Navy is using aluminum as a construction material in its new coastal combat vessels. The naval industry in general uses aluminum due to its greater resistance as compared to fiberglass. Due to the weight, less momentum is required to achieve the same performance, going easy on engine, consumption, and emissions and resulting in economic-environmental benefits.
The COVID-19 pandemic has a negative impact on the North American aluminum extrusion market. The pandemic has affected main significances in the industrial activities, the lockdown has adversely impacted on the product demand.
The North America aluminum extrusion market is segmented based on product and application. Based on product, the market is segmented into shapes, rods & bars, pipes & tubes. Based on application, the market is segmented into building & construction, automotive & transportation, consumer goods, machinery and equipment, others.
The market study of North America aluminum extrusion market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to break down the market into North America segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various North America regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
- Financial reports of companies involved in the market.
- Whitepapers, research papers, and news blogs.
- Company websites and their product catalog.
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
- North America Aluminum Extrusion Market by Product
- North America Aluminum Extrusion Market by Application
The Report Covers
- Comprehensive research methodology of North America aluminum extrusion market
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting North America aluminum extrusion market
- Insights about market determinants that are stimulating North America aluminum extrusion market.
- Detailed and extensive market segments with the regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players
Table of Contents
- Current Industry Analysis and Growth Potential Outlook
- Impact of COVID-19 on the North American Aluminum Extrusion Industry
- Recovery Scenario of North American Aluminum Extrusion Industry
1.2. Market Breakdown
1.2.1. By Segments
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
3.2. Key Company Analysis
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
5.1.2. Rods & Bars
5.1.3. Pipes & Tubes
5.2. North American Aluminum Extrusion by Application
5.2.1. Building & Construction
5.2.2. Automotive & Transportation
5.2.3. Consumer Goods
5.2.4. Machinery and equipment
7.2. Aluminum Shapes, LLC
7.3. Astro Shapes, LLC
7.4. Benada Aluminum Products, LLC.
7.5. Bonnell Aluminum, Inc.
7.6. Can Art Aluminum Extrusion L.P.
7.7. Crystal Finishing Systems Inc
7.8. Custom Aluminum Products, Inc.
7.9. General Extrusions Inc.
7.10. Gupta Permold Corp.
7.11. Jordan Aluminum Company LLC
7.12. Kaiser Aluminum Corp.
7.13. Matech Industry ltd.
7.14. Mid-States Aluminium Corp.
7.15. Pennex Aluminum Co.
7.16. Samuel, Son & Co.
7.17. Spectra Aluminum Products
7.18. Tower Extrusions, LLC
7.19. Tri-City Extrusion
7.20. Tri-State Aluminum
7.21. UACJ Automotive Whitehall Industries, Inc.
7.22. Universal Molding Extrusion Co.
7.23. Vitex Extrusion, LLC
A selection of companies mentioned in this report includes:
- Aluminum Extruded Shapes
- Aluminum Shapes, LLC
- Astro Shapes, LLC
- Benada Aluminum Products, LLC.
- Bonnell Aluminum, Inc.
- Can Art Aluminum Extrusion L.P.
- Crystal Finishing Systems Inc
- Custom Aluminum Products, Inc.
- General Extrusions Inc.
- Gupta Permold Corp.
- Jordan Aluminum Company LLC
- Kaiser Aluminum Corp.
- Matech Industry ltd.
- Mid-States Aluminium Corp.
- Pennex Aluminum Co.
- Samuel, Son & Co.
- Spectra Aluminum Products
- Tower Extrusions, LLC
- Tri-City Extrusion
- Tri-State Aluminum
- UACJ Automotive Whitehall Industries, Inc.
- Universal Molding Extrusion Co.
- Vitex Extrusion, LLC