Global Aluminum Extrusion Market Size 2024, Forecast To 2033
11 Mar, 2024
The aluminum extrusion market size has grown steadily in recent years. It will grow from $89.37 billion in 2023 to $93.67 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to emerging markets growth, the growing demand for aluminum in the construction industry, and the increase in demand for lightweight and durable extruded products. The aluminum extrusion market size is expected to see steady growth in the next few years. It will grow to $113.84 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to government support, global population growth and urbanization, the increasing demand for automotive applications, and the growing demand for aluminum in packaging. Major trends in the forecast period include use of artificial intelligence, strategic partnerships and acquisitions, product innovation, and new plant expansions.
Global Aluminum Extrusion Market Key Driver
The surge in green building construction stands out as a pivotal factor propelling market growth. Green buildings, characterized by environmental sustainability, energy efficiency, and low carbon emissions, have witnessed a significant boost. Aluminium, with its unparalleled properties such as strength, recyclability, corrosion resistance, and lightness, has played a crucial role in the green construction movement. In 2023, India ranked third in Leadership in Energy and Environmental Design (LEED) with 146 certified buildings and spaces, covering approximately 2.8 million gross area square meters (GSM). This signifies a nearly 10% increase in LEED-certified space from 2020, indicating the growing demand for aluminium extrusions. The market size values for 2023, 2024, and 2028 are intertwined with the escalating trend in green building construction.
Get A Free Sample Of The Global Aluminum Extrusion Market ReportGlobal Aluminum Extrusion Market Segments
The aluminum extrusion market covered in this report is segmented –
1) By Product 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-Uses
By Geography:The regions covered in the aluminum extrusion market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
Asia-Pacific was the largest region in the aluminium extrusion market in 2023. The regions covered in the aluminum extrusion market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Aluminum Extrusion Industry Players
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, Liaoning Zhongwang Group Co, Donghe International Co., Ltd, Dragon LTD, ADD Associates Ltd, Branton Engineering Ltd, Scrap Merchant Supplier UK LTD, William Burton, Metals4u Limited, Alubin Limited, RIAK, BK-ALPROF, RUSAL, LLC, BRT Extrusions, Inc., Momentum Manufacturing Group (MMG), Richardson Metals, Inc, Western Extrusions Corp., PSI Industries, Inc., Hydro Extrusion, Prolind Industrial Ltda, Benetec, Xtral Tecnologia Em Aluminio, Asa Alumínio, Extrusora Argentina, Emirates Extrusion Factory LLC, Cephe Sistemleri, New African Engineering Services, Hulett Metals
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Aluminum Extrusion Market Overview
The aluminium extrusion refers to a procedure that involves pressing aluminium alloy material through a die with a particular cross-sectional profile. It is used to transform aluminium alloy into objects for a wide range of uses. Aluminium's malleability makes it easy to mill and cast and because it has one-third the density and stiffness of steel, the resulting products are solid and stable compared to other metals.
Aluminum Extrusion Global Market Report 2023 provides data on the global aluminum extrusion market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The aluminum extrusion market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.