The market for aluminium extrusion is projected to increase from US$126.67 billion in 2023 to US$195.48 billion in 2033, growing at a 4.6% CAGR.
According to the Future Market Insights (FMI) analysis, the worldwide aluminium extrusions market revenue is projected to increase between 2023 and 2033 at a CAGR of 4.4%. The most popular product categories will continue to be curtain walls and door and window profiles, while the building and construction industry is expected to continue to be the primary user of aluminium extrusions.
Aluminium alloys are shaped through a die during the production process of aluminium extrusion. This procedure creates profiles with predictable cross-sectional shapes, enabling the development of intricate designs. These profiles are used in a variety of fields, including electronics, automotive, aerospace, and construction.
The market for aluminium extrusion has been mostly driven by the rise in demand for strong, lightweight materials. Due to its ability to increase fuel efficiency and lower carbon emissions, aluminum-based components have seen a substantial shift in the automotive industry in particular. Aluminium extrusions are very popular in the building industry due to its durability, aesthetic appeal, and affordability.
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Key Companies: Global Aluminum Extrusions Market
Key manufacturers operating in the global aluminum extrusions market include
- Hindalco Industries,
- Jindal Aluminium Limited,
- China Zhongwang Holdings Limited,
- Constellium N.V.,
- Hydro Extrusions,
- Arconic Inc.,
- Gulf Extrusions Co. (LLC),
- TALCO Aluminum Company,
- Zahit Aluminum,
- Bahrain Aluminium Extrusion Co. (Balexco),
- Qatar Aluminium Extrusion Company,
- Bonnell Aluminum,
- SKM Co., Ltd.,
- Keymark Corporation,
- Kaiser Aluminum Corp.,
- Norinco International Cooperation Ltd.,
- Hulamin Ltd.,
- Sankyo Material Company,
- Hammerer Aluminium Industries GmbH, and
- WISPECO Aluminium.
Market Factors Favouring Aluminium Extrusion
The market for aluminium extrusion is expanding rapidly due to a number of causes, including:
1. Sturdy and Lightweight Qualities
Extrusions made of aluminium are strong yet lightweight, making them perfect for a variety of uses. Aluminium extrusion is being used more frequently in sectors including automotive and aerospace due to its high strength-to-weight ratio, which boosts fuel efficiency and lowers carbon emissions.
2. Versatility and Design Flexibility
Aluminum extrusion offers design flexibility, allowing manufacturers to create profiles with intricate shapes and configurations. This versatility enables the production of customized solutions for different industry requirements, ranging from heat sinks to architectural structures.
3. Sustainable and Recyclable Material
Aluminum is a highly sustainable material that can be recycled without losing its properties. The aluminum extrusion process is energy-efficient, and recycled aluminum requires significantly less energy compared to primary production. This eco-friendly characteristic has driven the adoption of aluminum extrusion in industries focused on sustainability.
Key Segments of Aluminum Extrusions Industry Survey
Aluminum Extrusions Market by Product:
- Automotive Chassis
- Profile for Poles
- Profile for Bridges
- Profile for Rail Tracks
- Door & Window Profiles
- Curtain Walls
- Profile for Heat Exchangers
- Machinery Components
- Others
Aluminum Extrusions Market by End User:
- Aerospace
- Building & Construction
- Railways & Seaways
- Energy
- Defense
- Others
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Current Trends in the Aluminum Extrusion Market
To understand the market dynamics and anticipate its future trajectory, it is essential to analyze the prevailing trends in the aluminum extrusion industry. Some of the noteworthy trends include:
- Increasing Demand for Customized Profiles: The market has witnessed a surge in demand for tailor-made aluminum extrusions that meet specific design requirements. Manufacturers are investing in advanced technologies to offer flexible and precise customization options to their customers.
- Advancements in Surface Treatment: Surface finishing techniques, such as anodizing, powder coating, and wood grain effect, have gained prominence in the aluminum extrusion market. These treatments not only enhance the aesthetic appeal but also provide durability, weather resistance, and protection against corrosion.
- Rise of Sustainable Practices: With the growing focus on environmental sustainability, aluminum extrusion companies are adopting eco-friendly practices, including energy-efficient manufacturing processes, recycling initiatives, and the use of recycled aluminum.
- Exploring New Alloy Combinations: Manufacturers are experimenting with alloy combinations to develop high-strength, lightweight profiles with improved mechanical properties. This innovation enables the production of aluminum extrusions that can withstand higher stresses and offer better performance.
- Integration of Smart Technologies: The aluminum extrusion industry is embracing digitalization and automation to optimize production processes, reduce lead times, and enhance product quality. Smart manufacturing technologies, such as artificial intelligence and internet of things (IoT), are being implemented to streamline operations and improve overall efficiency.
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