Aluminum Extrusion Global Market Opportunities and Strategies to 2032

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.