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Aluminum Extrusion Market

Aluminum Extrusion Market Size and Segment By Product Type (Mill-finished, Anodized, Powder-coated) By Alloy Type (Alloy 2000 Series Aluminum, Alloy 3000 Series Aluminum, Alloy 5000 Series Aluminum, Alloy 6000 Series Aluminum, Alloy 7000 Series Aluminum, Others) By Application (Building & Construction, Automotive &Transportation, Electrical and, Electronics, Consumer Goods, Machinery, Others), by Regions and Global Forecast 2022-2028

Report Id: SNS/C&M/2558 | July 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Aluminum Extrusion Market Size was valued at USD 83.1 billion in 2021, and is expected to reach USD 123.3  billion by 2028, and grow at a CAGR of  5.8 % over the forecast period 2022-2028.

With the use of a formed opening in a die, aluminium is shaped during the extrusion process. A ram forces the aluminium product through the die shape during the extrusion process, and it emerges with the same shape as the die. The extruded items are placed on a stretcher to achieve complete straightness after cooling. Basically, there are three shapes of aluminium extrusion: solid, hollow, and semi-hollow. In the building and construction, automotive and transportation, and electrical industries, aluminium extrusions are frequently utilised.

Aluminum Extrusion Market Revenue Graph

Market Dynamics:

Drivers:

  • Increased demand for strong, lightweight extruded items.

  • High durability and resistance to corrosion.

  • Economic expansion, accelerated urbanisation, and expanding infrastructure projects

Restraints:

  • Escalating environmental issues brought on by aluminium extraction.

  • High cost of capital.

Opportunity:

  • Greater use of aluminium in the automobile industry.

  • China's strong production capacity will open up attractive market opportunities for aluminium extruded products.

Challenge:

  • Volatile aluminium prices are anticipated to hinder market expansion.

Impact of Covid-19:

The outbreak has had a considerable influence on global manufacturing processes, trade, and supply chains for chemicals and minerals. Due to market participants' need to close production facilities or run them at less than optimal output levels in order to stop the novel coronavirus from spreading, aluminium extrusion production decreased during the COVID-19 pandemic. Production of aluminium extrusion has also been hampered by the scarcity of raw materials due to supply disruptions brought on by border and trade restrictions.

Additionally, the low demand from the end-use sectors and the falling costs of raw materials have led to surplus stockpiles and decreased production. Aluminum is the main raw material used to make aluminium extrusion. The raw material supply was severely impacted by the outbreak. 

Additionally badly impacted was the US-China trade in aluminium, which had a significant impact on the aluminium extrusion sector. The global COVID crisis, which had an impact on both the price margins of raw materials and finished goods, severely hurt the chemical industry. Thus, the outbreak has caused a disruption in the supply-demand for raw materials, which has had a significant impact on the manufacturing of chemicals.

The largest source of aluminium, the mining industry, has ceased operations globally, which has an effect on the aluminium extrusion business. Due to a decline in logistics, the producers are unable to deliver their products to the application industries. Local communities receive merchandise from the manufacturers.

Key Players:

BRT Extrusions, Inc., Constellium, Kaiser Aluminum, Hulamin LtdChina Zhongwang Holding Limited, National Material L.P., Extrudex Aluminum, AMG Advanced Metallurgical Group, Hindalco Industries Ltd., SMS Schimmer, Allegheny Technologies Inc, Gulf Extrusions Co. LLC, UAJC Corporation, Norsk Hydro ASA, International Extrusion Corporation, American Aluminum Extrusion LLC,

Market Segment:

By Product Type

  • Mill-finished

  • Anodized

  • Powder-coated

By Alloy Type

  • Alloy 2000 Series Aluminum

  • Alloy 3000 Series Aluminum

  • Alloy 5000 Series Aluminum

  • Alloy 6000 Series Aluminum

  • Alloy 7000 Series Aluminum

  • Others

By Application

  • Building & Construction

  • Automotive &

  • Transportation

  • Electrical and

  • Electronics

  • Consumer Goods

  • Machinery

  • Others

Aluminum Extrusion Market Segment Pie Chart

Regional Analysis:

The Aluminum Extrusion market was dominated by Asia-Pacific, which is also expected to develop at the highest rate. the expanding urbanisation and rising demand for buildings, notably in the commercial sector, in the Asia-Pacific region's burgeoning economies, particularly in China, Japan, and Southeast Asian nations. In the Asia-Pacific region, China is both the largest producer and user of aluminium extrusion. Due to the region's extensive building and construction industry and the strong production and sales of automobiles in European nations like Germany, Russia, and France, Europe held the second-largest proportion of the worldwide market. North America is then followed by Europe.

Due to the existence of many companies and the sizeable automotive and aerospace industries there, North America's growth in the worldwide market was static. In contrast, the Middle East and Africa are predicted to grow at a slower rate due to increased urbanisation and significant investments in building and construction projects. Due to the region's growing industrialisation and rising government spending in several of the main nations, there are anticipated to be significant prospects in the Latin American market.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

 

Aluminum Extrusion Market Report Scope
Report Attributes Details
Market Size in 2021 US$ 83.1 Billion
Market Size by 2028 US$ 123.3 Billion
CAGR CAGR of 5.8% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Product Type (Mill-finished, Anodized, Powder-coated)
• By Alloy Type (Alloy 2000 Series Aluminum, Alloy 3000 Series Aluminum, Alloy 5000 Series Aluminum, Alloy 6000 Series Aluminum, Alloy 7000 Series Aluminum, Others)
• By Application (Building & Construction, Automotive &Transportation, Electrical and, Electronics, Consumer Goods, Machinery, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles BRT Extrusions, Inc., Constellium, Kaiser Aluminum, Hulamin LtdChina Zhongwang Holding Limited, National Material L.P., Extrudex Aluminum, AMG Advanced Metallurgical Group, Hindalco Industries Ltd., SMS Schimmer, Allegheny Technologies Inc, Gulf Extrusions Co. LLC, UAJC Corporation, Norsk Hydro ASA, International Extrusion Corporation, American Aluminum Extrusion LLC,
Key Drivers • Increased demand for strong, lightweight extruded items.
• High durability and resistance to corrosion.
RESTRAINTS • Escalating environmental issues brought on by aluminium extraction.
• High cost of capital.


Frequently Asked Questions (FAQ) :

Ans: Key stakeholders considered in the study:
Raw material vendors
distributors/traders/wholesalers/suppliers
regulatory authorities, including government agencies and NGO
commercial research & development (r&d) institutions
importers and exporters
government organizations, research organizations, and consulting firms
trade/industrial associations
end-use industries are the stake holder of this report

Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.

 

 Ans:  Greater use of aluminium in the automobile industry and China's strong production capacity will open up attractive market opportunities for aluminium extruded products are the opportunity for Aluminum Extrusion Market.

 

Ans: Increased demand for strong, lightweight extruded items, High durability and resistance to corrosion and Economic expansion, accelerated urbanisation, and expanding infrastructure projects are the drivers for Aluminum Extrusion Market.

 

Ans: Aluminum Extrusion Market Size was valued at USD 83.1 billion in 2021, and expected to reach USD 123.3  billion by 2028, and grow at a CAGR of  5.8 % over the forecast period 2022-2028.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8.Aluminum Extrusion Market Segment, By Product Type

8.1 Mill-finished

8.2 Anodized

8.3 Powder-coated

 

9.Aluminum Extrusion Market Segment, By Alloy Type

9.1 Alloy 2000 Series Aluminum

9.2 Alloy 3000 Series Aluminum

9.3 Alloy 5000 Series Aluminum

9.4 Alloy 6000 Series Aluminum

9.5 Alloy 7000 Series Aluminum

9.6 Others

 

10.Aluminum Extrusion Market Segment, By Application

10.1 Building & Construction

10.2 Automotive &

10.3 Transportation

10.4 Electrical and

10.5 Electronics

10.6 Consumer Goods

10.7 Machinery

10.8 Others

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

 

12. Company Profile

12.1 BRT Extrusions, Inc.

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Constellium,

12.3 Kaiser Aluminum,

12.4 Hulamin Ltd

12.5 China Zhongwang Holding Limited,

12.6 National Material L.P.,

12.7 Extrudex Aluminum,

12.8 AMG Advanced Metallurgical Group,

12.9 Hindalco Industries Ltd.,

12.10 SMS Schimmer,

12.11 Allegheny Technologies Inc,

12.12 Gulf Extrusions Co. LLC;

12.13 UAJC Corporation, Norsk Hydro ASA,

12.14 International Extrusion Corporation,

12.15 American Aluminum Extrusion LLC

 

13.Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

 

14. Conclusion

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Secondary Research

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