This report describes and explains the aluminum extrusion market and covers 2017-2022, termed the historic period, and 2022-2027 termed the forecast period, along with further forecasts for the period 2027-2032. The report evaluates the market across each region and for the major economies within each region.
The global aluminum extrusion market reached a value of nearly $83.9 billion in 2022, having grown at a compound annual growth rate (CAGR) of 2.9% since 2017. The market is expected to grow from $83.9 billion in 2022 to $105.5 billion in 2027 at a rate of 4.7%. The market is then expected to grow at a CAGR of 6.1% from 2027 and reach $142.1 billion in 2032.
Growth in the historic period resulted from emerging markets growth, the growing demand for aluminum in the construction industry, and the increase in demand for lightweight and durable extruded products. Factors that negatively affected growth in the historic period were environmental concerns and the availability of substitute products.
Going forward, government support, global population growth and urbanization, the increasing demand for automotive applications, and the growing demand for aluminum in packaging will drive the growth. Factors that could hinder the growth of the aluminum extrusion market in the future include stringent regulations and volatile metal prices.
The aluminum extrusion market is segmented by product type into mill finished, anodized and powder coated. The mill finished market was the largest segment of the aluminum extrusion market segmented by product type, accounting for 59.8% of the total in 2022. Going forward, the mill finished segment is expected to be the fastest growing segment in the aluminum extrusion market segmented by product type, at a CAGR of 4.8% during 2022-2027.
The aluminum extrusion market is segmented by alloy type into 1000 series aluminum alloy, 2000 series aluminum alloy, 3000 series aluminum alloy, 4000 series aluminum alloy, 5000 series aluminum alloy, 6000 series aluminum alloy and 7000 series aluminum alloy. The 6000 series aluminum alloy was the largest segment of the aluminum extrusion market segmented by alloy type, accounting for 60.6% of the total in 2022. Going forward, the 6000 series aluminum alloy segment is expected to be the fastest growing segment in the aluminum extrusion market segmented by alloy type, at a CAGR of 4.8% during 2022-2027.
The aluminum extrusion market is segmented by end-use into building and construction, transportation, machinery and equipment, consumer durables, electrical and other end-users. The building and construction market was the largest segment of the aluminum extrusion market segmented by end-use, accounting for 47.9% of the total in 2022. Going forward, the transportation segment is expected to be the fastest growing segment in the aluminum extrusion market segmented by end-use, at a CAGR of 4.9% during 2022-2027.
Asia-Pacific was the largest region in the aluminum extrusion market, accounting for 61.5% of the total in 2022. It was followed by Western Europe, and then the other regions. Going forward, the fastest-growing regions in the aluminum extrusion market will be Asia-Pacific and South America where growth will be at CAGRs of 5.4% and 5.0% respectively. These will be followed by North America and Western Europe where the markets are expected to grow at CAGRs of 3.9% and 3.4% respectively.
The global aluminum extrusion market is fragmented, and the market has a large number of players. The top ten competitors in the market made up to 10.63% of the total market in 2022. The market fragmentation can be attributed to the presence of a large number of players in different geographies. Norsk Hydro ASA was the largest competitor with 3.33% share of the market, followed by UACJ Corporation with 1.67%, Constellium N. V. with 1.63%, Kaiser Aluminum with 1.43%, Hindalco Industries Ltd. with 0.77%, Tredegar Corp. (Bonnell Aluminum,Co., Ltd.) with 0.76%, Arconic Corporation with 0.49%, Jindal Aluminium Limited with 0.24%, Gulf Extrusion Co LLC with 0.17% and QALEX with 0.14%.
The top opportunities in the aluminum extrusion market segmented by product type will arise in the mill finished segment, which will gain $13.2 billion of global annual sales by 2027. The top opportunities in the aluminum extrusion market segmented by alloy type will arise in the 6000 series aluminum alloy segment, which will gain $13.5 billion of global annual sales by 2027. The top opportunities in the aluminum extrusion market segmented by end-use will arise in the building and construction segment, which will gain $10.4 billion of global annual sales by 2027. The aluminum extrusion market size will gain the most in China at $12.5 billion.
Market-trend-based strategies for the aluminum extrusion market include use of artificial intelligence, strategic partnerships and acquisitions, product innovation, and new plant expansions.
Player-adopted strategies in the aluminum extrusion market include focusing on building new extrusion facilities, investing in new manufacturing equipment, and investing in strategic mergers and acquisitions.
To take advantage of the opportunities, the recommends the aluminum extrusion companies to, focus on use of artificial intelligence (AI), focus on product innovations, focus on new plant expansions, focus on strategic partnerships and collaborations, expand in emerging markets, provide competitively priced offerings, focus on B2B promotions, participate in trade shows and events and focus on fast-growing end-use industries.
The global aluminum extrusion market reached a value of nearly $83.9 billion in 2022, having grown at a compound annual growth rate (CAGR) of 2.9% since 2017. The market is expected to grow from $83.9 billion in 2022 to $105.5 billion in 2027 at a rate of 4.7%. The market is then expected to grow at a CAGR of 6.1% from 2027 and reach $142.1 billion in 2032.
Growth in the historic period resulted from emerging markets growth, the growing demand for aluminum in the construction industry, and the increase in demand for lightweight and durable extruded products. Factors that negatively affected growth in the historic period were environmental concerns and the availability of substitute products.
Going forward, government support, global population growth and urbanization, the increasing demand for automotive applications, and the growing demand for aluminum in packaging will drive the growth. Factors that could hinder the growth of the aluminum extrusion market in the future include stringent regulations and volatile metal prices.
The aluminum extrusion market is segmented by product type into mill finished, anodized and powder coated. The mill finished market was the largest segment of the aluminum extrusion market segmented by product type, accounting for 59.8% of the total in 2022. Going forward, the mill finished segment is expected to be the fastest growing segment in the aluminum extrusion market segmented by product type, at a CAGR of 4.8% during 2022-2027.
The aluminum extrusion market is segmented by alloy type into 1000 series aluminum alloy, 2000 series aluminum alloy, 3000 series aluminum alloy, 4000 series aluminum alloy, 5000 series aluminum alloy, 6000 series aluminum alloy and 7000 series aluminum alloy. The 6000 series aluminum alloy was the largest segment of the aluminum extrusion market segmented by alloy type, accounting for 60.6% of the total in 2022. Going forward, the 6000 series aluminum alloy segment is expected to be the fastest growing segment in the aluminum extrusion market segmented by alloy type, at a CAGR of 4.8% during 2022-2027.
The aluminum extrusion market is segmented by end-use into building and construction, transportation, machinery and equipment, consumer durables, electrical and other end-users. The building and construction market was the largest segment of the aluminum extrusion market segmented by end-use, accounting for 47.9% of the total in 2022. Going forward, the transportation segment is expected to be the fastest growing segment in the aluminum extrusion market segmented by end-use, at a CAGR of 4.9% during 2022-2027.
Asia-Pacific was the largest region in the aluminum extrusion market, accounting for 61.5% of the total in 2022. It was followed by Western Europe, and then the other regions. Going forward, the fastest-growing regions in the aluminum extrusion market will be Asia-Pacific and South America where growth will be at CAGRs of 5.4% and 5.0% respectively. These will be followed by North America and Western Europe where the markets are expected to grow at CAGRs of 3.9% and 3.4% respectively.
The global aluminum extrusion market is fragmented, and the market has a large number of players. The top ten competitors in the market made up to 10.63% of the total market in 2022. The market fragmentation can be attributed to the presence of a large number of players in different geographies. Norsk Hydro ASA was the largest competitor with 3.33% share of the market, followed by UACJ Corporation with 1.67%, Constellium N. V. with 1.63%, Kaiser Aluminum with 1.43%, Hindalco Industries Ltd. with 0.77%, Tredegar Corp. (Bonnell Aluminum,Co., Ltd.) with 0.76%, Arconic Corporation with 0.49%, Jindal Aluminium Limited with 0.24%, Gulf Extrusion Co LLC with 0.17% and QALEX with 0.14%.
The top opportunities in the aluminum extrusion market segmented by product type will arise in the mill finished segment, which will gain $13.2 billion of global annual sales by 2027. The top opportunities in the aluminum extrusion market segmented by alloy type will arise in the 6000 series aluminum alloy segment, which will gain $13.5 billion of global annual sales by 2027. The top opportunities in the aluminum extrusion market segmented by end-use will arise in the building and construction segment, which will gain $10.4 billion of global annual sales by 2027. The aluminum extrusion market size will gain the most in China at $12.5 billion.
Market-trend-based strategies for the aluminum extrusion market include use of artificial intelligence, strategic partnerships and acquisitions, product innovation, and new plant expansions.
Player-adopted strategies in the aluminum extrusion market include focusing on building new extrusion facilities, investing in new manufacturing equipment, and investing in strategic mergers and acquisitions.
To take advantage of the opportunities, the recommends the aluminum extrusion companies to, focus on use of artificial intelligence (AI), focus on product innovations, focus on new plant expansions, focus on strategic partnerships and collaborations, expand in emerging markets, provide competitively priced offerings, focus on B2B promotions, participate in trade shows and events and focus on fast-growing end-use industries.
Table of Contents
1. Executive Summary2. Table Of Contents3. List Of Figures4. List Of Tables5. Report Structure19. Competitive Landscape And Company Profiles
6. Introduction And Market Characteristics
7. Major Market Trends
8. Aluminum Extrusion Market - Macro Economic Scenario
9. Global Market Size and Growth
10. Global Aluminum Extrusion Market Segmentation
11. Aluminum Extrusion Market, Regional and Country Analysis
12. Asia-Pacific Market
13. Western Europe Market
14. Eastern Europe Market
15. North America Market
16. South America Market
17. Middle East Market
18. Africa Market
20. Company Profiles
21. Key Mergers And Acquisitions
22. Opportunities And Strategies
23. Aluminum Extrusion Market, Conclusions And Recommendations
24. Appendix
Executive Summary
Aluminum Extrusion Global Market Opportunities And Strategies To 2032 provides the strategists; marketers and senior management with the critical information they need to assess the global aluminum extrusion market as it emerges from the COVID-19 shut down.Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
Description:
Where is the largest and fastest-growing market for aluminum extrusion? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider aluminum extrusion market; and compares it with other markets.
The report covers the following chapters
- Introduction And Market Characteristics: Brief introduction to the segmentations covered in the market, definitions and explanations about the aluminum extrusion market.
- Key Trends: Highlights the major trends shaping the global aluminum extrusion market. This section also highlights likely future developments in the market.
- Macro Economic Scenario: The report provides an analysis of the impact of the Russia-Ukraine war, impact of the COVID-19 pandemic and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the aluminum extrusion market.
- Global Market Size And Growth: Global historic (2017-2022) and forecast (2022-2027, 2032F) market values, and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis: Historic (2017-2022) and forecast (2022-2027, 2032F) market values and growth and market share comparison by region and country.
- Market Segmentation: Contains the market values (2017-2022) (2022-2027, 2032F) and analysis for each segment by product type, by alloy type, and by end-use in the market.
- Regional Market Size And Growth: Regional market size (2022), historic (2017-2022) and forecast (2022-2027, 2032F) market values, and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape: Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Key Mergers And Acquisitions: Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Market Opportunities And Strategies: Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations: This section Includes recommendations for aluminum extrusion providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix: This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Scope
Markets Covered:
- 1) By Type: Mill Finished; Anodized; Powder Coated
- 2) By Alloy Type: 1000 Series Aluminum Alloy; 2000 Series Aluminum Alloy; 3000 Series Aluminum Alloy; 4000 Series Aluminum Alloy; 5000 Series Aluminum Alloy; 6000 Series Aluminum Alloy; 7000 Series Aluminum Alloy
- 3) By End-Use: Building And Construction; Transportation; Machinery And Equipment; Consumer Durables; Electrical; Other End-Users
Companies Mentioned:
Norsk Hydro ASA; UACJ Corporation; Constellium N. V.; Kaiser Aluminum; Hindalco Industries Ltd.Countries:
China; Australia; India; Indonesia; Japan; South Korea; USA; Brazil; France; Germany; UK; RussiaRegions:
Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; AfricaTime-series:
Five years historic and ten years forecast.Data:
Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; aluminum extrusion indicators comparison.Data segmentations:
country and regional historic and forecast data; market share of competitors; market segments.Sourcing and Referencing:
Data and analysis throughout the report is sourced using end notes.Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Norsk Hydro ASA
- UACJ Corporation
- Constellium N. V.
- Kaiser Aluminum
- Hindalco Industries Ltd.
- Tredegar Corp. (Bonnell Aluminum, Co., Ltd.)
- Arconic Corporation
- Jindal Aluminium Limited
- Gulf Extrusion Co LLC
- QALEX
- M/s. Century Extrusions Ltd
- MYCO INDUSTRIES (MIDC)
- San Internationl
- GS Machining HK Co., Limited
- Soil Metal Products Co., Ltd
- FoShan Sinomet Aluminum. Co., Ltd
- Liaoning Zhongwang Group Co
- Foshan Jin Xing Shun Mold Machine Co., Ltd
- Donghe International Co., Ltd
- Gao Ming Yong Li Jian Aluminum Co.,Ltd
- Dongxing Aluminum Group
- Dragon LTD
- ADD Associates Ltd
- Branton Engineering Ltd
- Scrap Merchant Supplier UK LTD
- William Burton
- Metals4u Limited
- Alubin Limited
- RIAK
- BK-ALPROF
- RUSAL
- Bonnell Aluminum
- American Aluminum Extrusion Company, LLC
- BRT Extrusions, Inc.
- Momentum Manufacturing Group (MMG)
- Aluminum Insights
- Richardson Metals, Inc
- Western Extrusions Corp.
- PSI Industries, Inc.
- Can Art Aluminum Extrusion Inc
- Hydro Extrusion
- Dajcor Aluminum Ltd.
- Signature Aluminum Canada Inc
- Prolind Industrial Ltda
- Benetec
- Xtral Tecnologia Em Aluminio
- Asa Alumínio
- Aluminum Manufacturers Express SA
- Extrusora Argentina
- Iran Aluminum Company (IRALCO)
- White Aluminum Extrusion LLC
- National Aluminum Extrusion LLC
- Emirates Extrusion Factory LLC
- Eastern Aluminum Extrusion Factory
- Ajial Aluminum Factory Co
- Bukhamseen Aluminum Factory
- Bor Billet Aluminyum
- Cephe Sistemleri
- H D Glass And Aluminum
- New African Engineering Services
- Hulett Metals
- Pinglu Aluminum Extrusion Manufacturer
Methodology
LOADING...
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 329 |
Published | November 2023 |
Forecast Period | 2022 - 2032 |
Estimated Market Value ( USD | $ 83.9 Billion |
Forecasted Market Value ( USD | $ 142.1 Billion |
Compound Annual Growth Rate | 5.4% |
Regions Covered | Global |