Projected from 2023 to 2033, the aluminum extrusion market predicts a 4.6% compound annual growth rate (CAGR) and a steady growth trajectory, rising from US$ 126.67 billion in 2023 to US$ 195.48 billion by 2033. This increase is a sign of the growing need for aluminum extrusion in a variety of industries due to its sustainability, lightweight nature, and adaptability. The market is expected to grow significantly as long as industries including aerospace, automotive, and construction continue to use aluminum extrusion due to its strong structural integrity and adaptability in design. The continued significance of aluminum extrusion in contemporary manufacturing and construction applications is seen in this increasing trend.
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Aluminum Extrusion Industry: Unveiling the Potential
The aluminum extrusion process, known for its intriguing nature, entails shaping aluminum by exerting pressure to pass it through a specially designed die. This results in a diverse array of profiles and components featuring unique shapes and dimensions, unlocking innovative applications across various sectors.
China emerges as the dominant player in the aluminum extrusion market, commanding 59.5% of the global market value. This dominance is fueled by China’s dynamic manufacturing sector and the steady growth of per capita GDP, driving demand for extensive infrastructure development. Particularly, it’s the burgeoning building and construction industry in China that is propelling the increased need for aluminum profiles.
Key Companies:
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.
Growth and Market Trends
The Aluminum Extrusions Market has witnessed impressive growth over the years, owing to various factors such as urbanization, industrialization, and technological advancements. The construction industry has been a significant driver, utilizing aluminum extrusions for windows, doors, curtain walls, and other architectural applications. Additionally, the automotive sector’s growing demand for lightweight materials has further boosted the market.
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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