Global Aluminum-Extruded Products market outlook 2024, Forecast To 2033
28 Feb, 2024
The aluminum-extruded products market size has grown strongly in recent years. It will grow from $43.89 billion in 2023 to$46.8 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to industrial revolution impact, aviation industry, architectural applications, automotive industry adoption, electrical industry utilization. The aluminum-extruded products market size is expected to see strong growth in the next few years. It will grow to $60.05 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to recycling and circular economy, cost-effectiveness, energy efficiency standards, supply chain resilience, urbanization and construction projects. Major trends in the forecast period include sustainable solutions, architectural applications, advancements in technology, renewable energy sector.
Global Aluminum-Extruded Products Market Key Driver
Growth and expansion within the automobile industry are set to propel the growth of the aluminum-extruded products market. The automobile industry encompasses the design and development of various vehicles. Aluminum extruded products find application in radiator brackets, oil pipes, instrument panel brackets, and more. For example, from April 2021 to March 2022, the automotive industry produced approximately 23 million vehicles, a slight increase from the previous year, as reported by the Society of Indian Automobile Manufacturers. Hence, the expansion of the automobile industry drives the growth of the aluminum extruded product market.
Get A Free Sample Of The Global Aluminum-Extruded Products Market ReportGlobal Aluminum-Extruded Products Market Segments
The global aluminum-extruded products market covered in this report is segmented –
1) By Product Type: Mill Finished, Powder Coated, Anodized
2) By Alloy Type: 1000 Series Aluminum, 2000 Series Aluminum Alloy, 3000 Series Aluminum Alloy, 5000 Series Aluminum Alloy, 6000 Series Aluminum Alloy, 7000 Series Aluminum Alloy
3) By End Use Industry: Construction, Automotive, Electric and Electronics, Machinery and Equipment, Mass Transport , Other End Use Industry (energy, telecom, and consumer durables)
By Geography: The regions covered in the aluminum-extruded products market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Asia-Pacific was the largest region in the aluminum-extruded products market analysis in 2023. The regions covered in the aluminum-extruded products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Aluminum-Extruded Products Industry Players
RUSAL, Aluminum Corporation of China Limited, Rio Tinto Group, Norsk Hydro ASA, Aluminium Bahrain B.S.C, Kaiser Aluminum Corporation, Sapa Inc., China Zhongwang Holdings Limited, Hindalco Industries Limited, Constellium SE, Talco Aluminium Company, Gulf Extrusions, China Hongqiao Group Limited, Alcoa Corporation, Bahrain Aluminium Extrusion Co., Century Extrusions Ltd., Bonnell Aluminium, Arconic Corporation, Qatar Aluminum Extrusion Company, Hydro Extrusion USA LLC, Western Extrusions Corp., Crystal Finishing Systems Inc., Universal Alloy Corp., Erbsloeh Aluminum Solutions Inc., Tower Extrusions Ltd., Alexandria Extrusion Co., Taber Extrusions LLC, Bristol Aluminum, Custom Aluminum Products Inc., Futura Industries Corporation
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Aluminum-Extruded Products Market Overview
The aluminum-extruded products refer to products made of aluminum that has been extruded; they are lightweight but operate well in harsh environments. Extruded aluminum is created by heating aluminum and putting it through a die, which forms aluminum extruded products. For instance, tubes, doors, window frames, brackets, and railings can all be made from extruded aluminum products.
Aluminum-Extruded Products Global Market Report 2023 provides data on the global aluminum-extruded products market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The aluminum-extruded products market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.