Aluminium Extrusion Market Research Report 2024
Aluminium Extrusion Market Global Industry Analysis and Forecast (2023-2032) by Product (Tubes & Pipes, Rods & Bars Shapes), By Alloy Type (2000 Series Aluminum, 3000 Series Aluminum, 5000 Series Aluminum, 6000 Series Aluminum, 7000 Series Aluminum), By End User (Building & Construction, Electrical & electronics, Automotive & Transportation, Industrial, Others) and Region
Aluminium Extrusion Market Synopsis
Aluminium Extrusion Market Size Was Valued at USD 126.67 Billion in 2023 and is Projected to Reach USD 194.83 Billion by 2032, Growing at a CAGR of 4.9 % from 2024-2032.
Aluminum extrusion involves forming aluminum through a specially shaped opening in a die. In the extrusion procedure, an aluminum product is pushed by a ram through the die shape and emerges in the same shape as the die. Once the extruded items have been cooled, they are transferred to a stretcher to ensure they are completely straight.
Aluminum extrusion can be found in three forms: hollow, semi-hollow, and solid. Aluminum extrusions are commonly utilized in the building and construction, automotive and transportation, and electrical sectors. Aluminium’s low weight and high strength-to-weight ratio make it perfect for substantial constructions and buildings, offering increased strength with less weight.
Aluminum items have strong tensile strength and rigidity, making them very deformation-resistant. Moreover, the strong resistance to corrosion of extruded aluminum is projected to increase the need in electrical, electronics, and medical industries. After being anodized or powder coated, this kind of extrusion becomes very resistant to corrosion, thanks to a thick layer of aluminum oxide, which is not the case for steel and iron. This results in decreased maintenance expenses for a variety of industrial products. Nevertheless, the aluminum extrusion market growth could be hindered by the high costs of setting up initially and the low efficiency in production. Because of the slow extrusion process, aluminum extrusion is unable to achieve uninterrupted production.
Because of their exceptional characteristics, these extrusions are utilized in various sectors such as electrical, hardware, transportation, construction, and consumer goods. Extrusion is utilized in various industries such as architecture, automotive, electronics, aerospace, and other sectors. The increase in green initiatives is pushing the advancement of aluminum. Because of aluminum's beneficial properties, such as its unique blend of strength and ductility, conductivity, non-magnetic qualities, and ability to be recycled multiple times without losing integrity, these applications are only achievable. Aluminum extrusion has become a versatile and useful solution for a growing number of manufacturing purposes due to its various capabilities.
Top Key Players
"Alcoa Corporation (U.S.), Kaiser Aluminum (U.S.), Arconic Inc. (U.S.), Sapa Extrusions Inc. (U.S.), Bonnell Aluminum (U.S.), KUMZ (Kamensk Uralsky Metallurgical Works) (Russia), Norsk Hydro (Norway), Constellium (France), Sapa Group (Norway), Hydro Aluminium Rolled Products (Germany), ETEM Group (Greece), ALUMIL S.A. (Greece), ProfilGruppen AB (Sweden), Exlabesa (Spain), Aluminium Corporation of China (Chalco) (China), China Zhongwang Holdings Limited (China), Hindalco Industries Limited (India), Fenglu Aluminum (China), YKK AP Inc. (Japan), Zahit Aluminium (Turkey), Gulf Extrusions Co. LLC (United Arab Emirates), Balexco (Bahrain), Aluminium Bahrain B.S.C. (Alba) (Bahrain), Qatalum (Qatar)"
Aluminium Extrusion Market Trend Analysis
Rise in demand in the construction sector.
- The rising building & construction of green buildings is a key factor fueling market growth. Green buildings, which are popular internationally, are eco-friendly, energy-efficient, and have short & low carbon releases i.e. emissions.
- The necessity is high for extruded aluminum in industries like construction & building because it is widely applied in making windows and doors for biodegradable & Eco-friendly buildings.
- Aluminum extrusion consists of shaping aluminum by passing it through a die or mold with an aperture to create the desired final product. The aluminum is subjected to high pressure in the extrusion process to shape it into desired sections through directional deformation from an extrusion device.
- After the extrusion process is completed, the extruded item is cooled down before being further processed to ensure it becomes completely straight. This method of extrusion can produce a variety of products, regardless of their shape or size.
The rising need for personalized extruded products
- Due to the growing need for tailored and adaptable extruded aluminum products, the market is creating opportunities for manufacturers and new entrepreneurs to enter the industry and appeal to big customers.
- By utilizing the aluminum extrusion process, manufacturers can create a variety of products of different sizes and shapes using the same machinery. One piece of equipment can enable you to make multiple products without incurring additional costs for the machinery.
- This highlights the significant impact of the expensive restraint mentioned earlier, however, by investing in extrusion equipment manufacturers can increase their revenue over time. With the rise in demand for tailored extruded products, more opportunities for market expansion are anticipated.
Aluminium Extrusion Market Segment Analysis:
Aluminum Extrusion Market Segmented by Product, Alloy Type, and End User
By Product, Shape Segment Is Expected to Dominate the Market During the Forecast Period.
- Shapes represented over 79.0% of the revenue in the aluminum extrusion market in 2023. Aluminum's exceptional flexibility makes it easy to create different shapes using extrusion. In this process, aluminum billets are heated and pressed under high pressure with a ram or hydraulic press against steel dies. Afterward, aluminum forms are made, accurately replicating the shapes of the molds.
- In the automotive and transportation sector, aluminum forms are used in different parts like transmission housings, chassis, panels, engine blocks, and roof rails for a variety of vehicles, including cars, trucks, railways, and boats. The increasing need for structural components in cars is fueled by the goal of reaching a lighter weight.
- During the extrusion process, aluminum billets are heated and then passed through a series of rolls. The material is coiled and pulled through intricately made dies to form rods, bars, and tubes. Rods and bars are widely used in construction, especially for building scaffolding systems. The lightweight scaffolding systems offer many benefits compared to traditional options, such as improved stability, decreased weight, and greater flexibility.
By End - User, The Building and Construction Segment Held the Largest Share.
- The building and construction sector had the highest revenue share, surpassing 60.0% in 2023. Increasing investments in the housing sector have had a significant impact on the use of extruded products in construction activities. China is currently at the forefront of the construction industry, with the highest nominal value. Various countries' continuous investments in new housing developments are expected to drive growth in this sector in the years ahead.
- The automotive & transportation sector is expected to grow at a profitable CAGR over the predicted timeframe. Aluminum extrusions are vital in vehicles, serving various purposes such as engine mounts, anti-intrusion beams, radiator beams, fuel distribution pipes, longitudinal beams, seat tracks, cross rails, roof rails, tailgate frames, and underbody space frame rockers, among other parts.
Aluminium Extrusion Market Regional Insights:
Asia Pacific is Expected to Dominate the Market Over the Forecast Period
- Asia Pacific held the largest share of the global market. The occurrence of strong industrial manufacturing sectors in countries like China, India, Vietnam, Japan, and South Korea is estimated to preserve this region in a foremost & Leading position for the foreseeable future. The production of motor vehicles in India and Thailand is increasing rapidly while the use of aluminum extruded products per vehicle is also on the rise. This has created profitable chances in the Asia Pacific aluminum extrusion market, excluding China.
- Reducing the weightiness of a motor vehicle is chief to improve fuel efficiency without sacrificing strength, which is why high-performance vehicles opt for aluminum extruded products for their lightweight and structural strength.
- China is expected to play a key role in driving industry growth in these countries, particularly due to its large construction sector.
Active Key Players in the Aluminium Extrusion Market
- Alcoa Corporation (U.S.)
- Kaiser Aluminum (U.S.)
- Arconic Inc. (U.S.)
- Sapa Extrusions Inc. (U.S.)
- Bonnell Aluminum (U.S.)
- KUMZ (Kamensk Uralsky Metallurgical Works) (Russia)
- Norsk Hydro (Norway)
- Constellium (France)
- Sapa Group (Norway)
- Hydro Aluminium Rolled Products (Germany)
- ETEM Group (Greece)
- ALUMIL S.A. (Greece)
- ProfilGruppen AB (Sweden)
- Exlabesa (Spain)
- Aluminium Corporation of China (Chalco) (China)
- China Zhongwang Holdings Limited (China)
- Hindalco Industries Limited (India)
- Fenglu Aluminum (China)
- YKK AP Inc. (Japan)
- Zahit Aluminium (Turkey)
- Gulf Extrusions Co. LLC (United Arab Emirates)
- Balexco (Bahrain)
- Aluminium Bahrain B.S.C. (Alba) (Bahrain)
- Qatalum (Qatar)
Key Industry Developments in the Aluminium Extrusion Market:
- In August 2023, Hydro announced a commitment of NOK 67 million (equal to approximately EUR 6 million) to improve its aluminum extrusion plant in Lucé, France. This investment was designated for the upgrade of the plant's equipment, buildings, and infrastructure, as well as the launch of a new program focused on employee development.This strategic investment is intended to enhance the facility's capabilities, keeping it up-to-date in aluminum extrusion technology and practices, as well as focusing on the growth and skills improvement of its workforce.
- In August 2023, Alba, a major aluminum producer on a global scale, grew its range of AA6060 alloys with the launch of a new alloy called '6060.HE'. This latest inclusion is designed specifically to cater to the requirements of Alba's customers who use extruders.The 6060. Alloy was created through a collaboration involving Alba, the University of Bahrain, and the Bahrain Aluminium Extrusion Company (Balexco). This partnership aimed to improve research and studies in the manufacturing of this alloy, marking a major advancement in Alba's dedication to innovation and customer-focused product development in the aluminum extrusion industry.
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Aluminium Extrusion Market |
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Base Year: |
2023 |
Forecast Period: |
2023-2032 |
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Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 126.67 Bn. |
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Forecast Period 2024-32 CAGR: |
4.9 % |
Market Size in 2032: |
USD 194.83 Bn. |
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Segments Covered: |
By Product |
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By Alloy Type |
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By End - User |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Aluminium Extrusion Market by By Product
4.1 Aluminium Extrusion Market Snapshot and Growth Engine
4.2 Aluminium Extrusion Market Overview
4.3 Tubes & Pipes
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in
Frequently Asked Questions
What would be the forecast period in the Aluminum Extrusion Market research report?
The forecast period in the Aluminium Extrusion Market research report is 2024-2032.
Who are the key players in the Aluminum Extrusion market?
Alcoa Corporation (U.S.), Kaiser Aluminum (U.S.), Arconic Inc. (U.S.), Sapa Extrusions Inc. (U.S.), Bonnell Aluminum (U.S.), KUMZ (Kamensk Uralsky Metallurgical Works) (Russia), Norsk Hydro (Norway), Constellium (France), Sapa Group (Norway), Hydro Aluminium Rolled Products (Germany), ETEM Group (Greece), ALUMIL S.A. (Greece), ProfilGruppen AB (Sweden), Exlabesa (Spain), Aluminium Corporation of China (Chalco) (China), China Zhongwang Holdings Limited (China), Hindalco Industries Limited (India), Fenglu Aluminum (China), YKK AP Inc. (Japan), Zahit Aluminium (Turkey), Gulf Extrusions Co. LLC (United Arab Emirates), Balexco (Bahrain), Aluminium Bahrain B.S.C. (Alba) (Bahrain), Qatalum (Qatar) and Other Major Players.
What are the segments of the Aluminum Extrusion market?
The Aluminum Extrusion Market is segmented into Product, Alloy Type, and End User. By Product, the market is categorized into Tubes & Pipes, Rods & Bars Shapes. By Alloy Type, the market is categorized into 2000 Series Aluminum, 3000 Series Aluminum, 5000 Series Aluminum, 6000 Series Aluminum, and 7000 Series Aluminum. By End-User, the market is categorized into Building and Construction, Automotive and Transportation, Electrical and Electronics, Consumer Goods, and Machinery. By region, it is analysed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
What is the Aluminum Extrusion Market?
Aluminum extrusion involves forming aluminum through a specially shaped opening in a die. In the extrusion procedure, an aluminum product is pushed by a ram through the die shape and emerges in the same shape as the die. Once the extruded items have been cooled, they are transferred to a stretcher to ensure they are completely straight. Aluminum extrusion can be found in three forms: hollow, semi-hollow, and solid. Aluminum extrusions are commonly utilized in the building and construction, automotive and transportation, and electrical sectors. Aluminum’s low weight and high strength-to-weight ratio make it perfect for substantial constructions and buildings, offering increased strength with less weight.
How big is the Aluminum Extrusion Market?
Aluminium Extrusion Market Size Was Valued at USD 126.67 Billion in 2023 and is Projected to Reach USD 194.83 Billion by 2032, Growing at a CAGR of 4.9% from 2024-2032.
