From 2023 to 2033, the market for aluminium extrusion is anticipated to grow at a 4.6% CAGR, from US$ 126.67 billion in 2023 to US$ 195.48 billion in 2033.
Over 2023-2033, the global aluminum extrusions market revenue is anticipated to grow at a CAGR of 4.4%, according to the report of Future Market Insights (FMI). Curtain walls and door & window profiles will remain the highest selling product category, whereas building & construction industry is likely to remain top consumer industry in aluminum extrusions market.
Aluminum extrusion refers to the process of shaping aluminum alloys by forcing them through a die of a desired cross-section under high pressure. The extruded aluminum profiles find applications in numerous industries, including construction, automotive, aerospace, electronics, and renewable energy. With its exceptional thermal and electrical conductivity, corrosion resistance, and recyclability, aluminum has emerged as a favored material for various purposes.
The growing demand for lightweight and durable materials has been a major driver for the expansion of the aluminum extrusion market. The automotive industry, in particular, has witnessed a significant shift towards aluminum-based components due to their ability to improve fuel efficiency and reduce carbon emissions. Additionally, the construction sector has embraced aluminum extrusions for their structural integrity, aesthetic appeal, and cost-effectiveness.
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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.
China’s Primacy in Aluminum Extrusions Market to Persist through the Next Decade
China, the leading market for aluminum extrusions, registers over 60% of the total market value share. Furthermore, China accounts for more than a quarter of the world’s manufacturing output and the manufacturing sector in the country is rising at a significant pace.
China currently accounts for nearly 30% of the global motor vehicle production in 2021. The automotive industry that has been a prominent end-use vertical of aluminum extrusions will continue to thrive at a high pace – propelling demand for aluminum extrusions further, in coming years.
Despite the huge production capacity of aluminum extrusions installed in the country, China is the largest importer in the world to suffice its ever-increasing domestic demand. Strong manufacturing capabilities of China and the further increasing GDP of the country have propelled the aluminum extrusions market within the country in recent past.
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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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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