What is the Historical Analysis of the Aluminum Extrusion Market Size?
The aluminum extrusion market has seen considerable growth due to a variety of factors.
• In the last few years, the size of the aluminum extrusion market has been continuously increasing. The market is projected to expand from $92.33 billion in 2024 to $96.31 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 4.3%.
This growth during the historic period can be linked to the development of emerging markets, an escalated demand for aluminum in the building industry, and a rise in the need for lightweight and long-lasting extruded products.
What Will Be The Aluminum Extrusion Market Size In The Future?
The aluminum extrusion market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for aluminum extrusion is projected to witness significant advancement in the ensuing years, culminating to an estimation of $120.79 billion by 2029 with a compound annual growth rate (CAGR) of 5.8%.
This anticipated growth during the forecast period is attributed to factors such as governmental backing, rising global population and urbanization, intensifying demand in the automotive sector, along with the escalating requirement for aluminum in packaging. The forecast period is also expected to see trends like the incorporation of artificial intelligence, expansion through strategic partnerships and acquisitions, product innovation, and the establishment of new production facilities.
What Are The Essential Drivers Behind The Growth Of The Aluminum Extrusion Market?
The surge in green building construction is a crucial element propelling market growth. As they are eco-friendly, energy-efficient, and emit minimal carbon, green buildings offer an ideal solution to sustainable construction. Aluminum serves as a significant contributor to sustainable construction, thanks to its unique set of properties. Its strength, durability, recyclability, resistance to corrosion, and flexibility make it well suited for eco-friendly architecture. As an illustration, the Building and Construction Authority of Singapore (a statutory board under the Ministry of National Development of the Government of Singapore) stated that by the end of 2022, around 55% of Singaporean buildings had adopted green principles, indicating considerable progress towards the objective of 80% eco-friendly buildings by 2030. The BCA also aspires to amplify energy efficiency by 80% in top-tier green buildings by 2030. Consequently, the upswing in green building construction will trigger aluminum extrusions' demand.
What are the Market Segments in the Aluminum Extrusion Market?
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
Subsegments:
1) By Mill Finished: Standard Mill Finish, Custom Mill Finish
2) By Anodized: Clear Anodized, Color Anodized
3) By Powder Coated: Standard Powder Coating, Custom Color Powder Coating
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What Trends are Shaping the Aluminum Extrusion Market?
Firms in the aluminum extrusion sector are turning their attention towards incorporating artificial intelligence (AI) to improve the extrusion process, diminish material wastage, and elevate the quality of the end product. AI can also aid in pinpointing imperfections in extruded parts, thereby reducing the need for manual checks and advancing quality supervision. In April 2023, for instance, ASCONA, a German-based company that constructs optical profile measurement systems for industries like aluminum, plastics, and rubber, partnered with D-CUBE, a tech firm from Greece, to introduce an all-encompassing solution for inline surface scrutiny of aluminum profiles. Utilizing AI, Promex CYRUS spotlights various types of surface issues in real-time, irrespective of the form, count, and dimensions of the extruded profile strands, transforming them into significant alerts. This comprehensive cloud-based solution logs the surface inspection facts of every production chain in one or additional extrusion lines and provides numerous advantages for a variety of departments, such as plant administration, quality assurance, extrusion supervision, upkeep management, and technology administration.
Who Are the Key Players in the Aluminum Extrusion Market?
Major companies operating in the aluminum extrusion market include:
• 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)
• Soil Metal Products Co.Ltd
• Liaoning Zhongwang Group Co
• Donghe International Co. Ltd
• Dragon LTD
• 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
What are the Regional Insights into the Aluminum Extrusion Market?
Asia-Pacific was the largest region in the aluminum extrusion market in 2024. The regions covered in the aluminum extrusion market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
