Aluminum Extrusion Market was valued at USD 57 billion in 2020 and is expected to register a CAGR of 7.5% during the forecast period.

Introduction of the Aluminum Extrusion Market Report

Aluminum extrusion is the process of molding aluminum with the help of a shaped opening in a die. It can be described as a procedure that converts aluminum alloys into another object with a standard cross sectional profile for a broad range of implementations. In the extrusion process, a ram pushes the aluminum product through the die shape, and it comes out with the same shape as the die. Aluminum extrusions are widely used in construction and building, automotive & transport, and electrical industries.

 

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Market Dynamic

Key Drivers and Emerging Trends

The significant factor propelling the growth of the global aluminum extrusion market is the increase in the usage of aluminum in various industries such as building & construction, automotive and transport, and electrical and electronics. In addition, the rise in the development of the building & construction industry has bolstered the growth of aluminum extrusion market size. The development of infrastructural projects such as the smart cities mission launched by the Indian government, where aluminum extrusion of elements like canopies, archways, shades, large curtain walls, and fencing are used in construction, has also triggered the global aluminum extrusion market. For instance, according to IBEF, in March 2021, the Indian government updated its policy to increase private sector participation in the infrastructure industry, resulting in the public-private partnership model. Thus, India is planning to spend 1.4 trillion US$ on infrastructure projects through the National Infrastructure Pipeline, from 2019 to 2023, to have sustainable development in the country.

Aluminum is earning popularity as the fastest-growing automotive material. Thus, rise in demand for an electronic vehicle that requires aluminum extrusion products such as engine blocks, transmission housings, panels, roof rails, chassis of cars etc that are required for the vehicle. For instance, according to IEA, more than 10 million electric cars were on the world’s roads by the end of 2020.  Registrations of electric cars increased by 41% in 2020, despite in the pandemic situation where global car sales dropped to 16% worldwide. These factors are augmenting the positive growth of the global aluminum extrusion market.

Restraint in the Aluminum Extrusion Market

However, increasing concerns related to the levels of non-uniform structure of the extrusion may hamper the global aluminum extrusion market. Due to the slow extrusion process, the amount of compressive force required for the extrusion process is very high. Due to which the operator needs to check the plunger is fixed in the press appropriately; thus, aluminum extortion does not achieve production on time. Additionally, high initial setup costs & low production efficiency have also hampered the growth of this market.

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By Product – Segment Analysis

Based on the product, anodized segment is expected to grow at the fastest rate in the global aluminum extrusion market during the forecast period. Owing to the rise in demand for anodized aluminum is a preferred product due to its longevity and relatively non-existent maintenance for electric and automotive applications such as gearbox housings, pistons, anti-lock brake components, transmission parts, radiators, etc. It is attributed to high chemical resistance due to the thick layer of aluminium oxide and is highly resistant to corrosion. These factors play a crucial role in augmenting the growth of the global aluminum extrusion market.

End-User – Segment Analysis

Based on the End-User, the building and construction segment is expected to grow at a higher CAGR over the forecast period. This is attributed to the rapid growth of urbanization and infrastructure projects where aluminum extrusion is being used in roofing, curtain walling, and exterior cladding in buildings & construction. Moreover, aluminum’s high strength and less weight make it more suitable for large buildings. This is another factor that significantly contributes to the increase in the growth of the global extrusion market.

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Regional – Segment Analysis:

Based on the region, the Asia Pacific region is expected to capture a significant market share in the global aluminum extrusion market due to the rising adoption of aluminum extrusion among the construction industry. For instance, the push toward green building adoption in developing economies, including Japan, China, and India has triggered growth in this region. The increasing demand for electric vehicles across Asia-Pacific is also likely to boost the automotive aluminum extrusion market in the region. The growing demand for different commodities such as structural components and battery enclosure in an electric vehicle is expected to fuel the growth in this region.

Top Market Players

Various notable players operating in the market, include, Hindalco Industries Ltd., alupco, Balexco BAHRAIN ALUMINIUM EXTRUSION COMPANY, Arconic, CHINA ZHONGWANG HOLDINGS LIMITED, Gulf Extrusions Co. LLC., PMS Aluminium, Constellium, Norsk Hydro ASA, Hulamin Extrusions, among others. 

Key Developments:

• • In January 2021, Constellium, a manufacturer of aluminum rolled products, entered into a partnership with Groupe Renault, a multinational automobile manufacturer in French, for the R&D project, which resulted in the development of sustainable automotive aluminum solutions.
  • In January 2021, Turkish company PMS Aluminium, based in bursa picked Danieli Breda, an extrusion and forging plant, to supply a new, 40-MN, 10-in front-loading extrusion press. This will broaden the product portfolio of the automotive industry.

Segments covered in the Report:

The global aluminum extrusion market has been segmented on the basis of Product, End-User, Alloy type and region. Based on Product, the market is segmented into Mill-finished, Powder-coated and Anodized. Based on End-User, the market is segmented into Building and Construction, Electrical and Electronics, Automotive & Transportation, Industrial and others. 

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Key questions answered in this research report:

• • At what pace is global aluminum extrusion market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in aluminum extrusion market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global aluminum extrusion market?
  • Which Product generated maximum revenues in 2020 and identify the most promising Product during the forecast period?
  • What are the various End-User areas of global aluminum Extrusion market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2020
Market Forecast Period	2021-2028
Market Revenues (2020)	USD 57 billion
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Product, By End-User, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Hindalco Industries Ltd., alupco, Balexco BAHRAIN ALUMINIUM EXTRUSION COMPANY, Arconic, CHINA ZHONGWANG HOLDINGS LIMITED, Gulf Extrusions Co. LLC., PMS Aluminium, Constellium, Norsk Hydro ASA, Hulamin Extrusions, among others.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Aluminum Extrusion Market by Product

• • Mill-finished
  • Powder-coated
  • Anodized

Global Aluminum Extrusion Market by End-User

• • Building and Construction
  • Electrical and Electronics
  • Automotive & Transportation
  • Industrial
  • Others

Global Aluminum Extrusion Market by Region

• • North America Aluminum Extrusion Market (Option 1: As a part of the free 25% customization)
    • North America Aluminum Extrusion Market by Product
    • North America Aluminum Extrusion Market by End-User
    • US Aluminum Extrusion Market All-Up
    • Canada Aluminum Extrusion Market All-Up
  • Europe Aluminum Extrusion Market (Option 2: As a part of the free 25% customization)
    • Europe Aluminum Extrusion Market by Product
    • Europe Aluminum Extrusion Market by End-User
    • UK Aluminum Extrusion Market All-Up
    • Germany Aluminum Extrusion Market All-Up
    • France Aluminum Extrusion Market All-Up
    • Spain Aluminum Extrusion Market All-Up
    • Rest of Europe Aluminum Extrusion Market All-Up
  • Asia-Pacific Aluminum Extrusion Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Aluminum Extrusion Market by Product
    • Asia-Pacific Aluminum Extrusion Market by End-User
    • China Aluminum Extrusion Market All-Up
    • India Aluminum Extrusion Market All-Up
    • Japan Aluminum Extrusion Market All-Up
    • Rest of APAC Aluminum Extrusion Market All-Up
  • RoW Aluminum Extrusion Market (Option 4: As a part of the free 25% customization)
    • RoW Aluminum Extrusion Market by Product
    • RoW Aluminum Extrusion Market by End-User
    • Brazil Aluminum Extrusion Market All-Up
    • South Africa Aluminum Extrusion Market All-Up
    • Saudi Arabia Aluminum Extrusion Market All-Up
    • UAE Aluminum Extrusion Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Aluminum Extrusion Market All-Up

Major Players Operating in the Aluminum Extrusion (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Hindalco Industries Ltd
  • alupco
  • Balexco BAHRAIN ALUMINIUM EXTRUSION COMPANY
  • Arconic
  • CHINA ZHONGWANG HOLDINGS LIMITED
  • Gulf Extrusions Co. LLC
  • PMS Aluminium
  • Constellium
  • Norsk Hydro ASA
  • Hulamin Extrusions