PUBLISHER: Acute Market Reports | PRODUCT CODE: 1128357
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1128357
Aluminium Extrusion Market - Growth, Future Prospects and Competitive Analysis, 2022 - 2030
Key Market Insights
"Increasing demand from end-use industries driving the global market"
Large scale use of extruded aluminium products in the number of industries is impacting the growth of aluminium extrusion market on a global level. Aluminium extrusion is the process of melting and transforming aluminium alloy into objects with definitive cross-sectional profiles for a number of industrial as well as domestic uses. Extruded aluminium products such as bar, beam, rod, and angles are widely used in the building & construction industry, electrical industry for transmission and distribution of electricity and automotive industry, etc. among others. Advantageous properties of aluminium like malleability, conductivity and features like a low price, lightweight, recyclability, and availability of a number of alloys are further assisting the high demand for extruded aluminium products across the world.
Furthermore, industrial development in the Asia Pacific region coupled with rapid urbanization throughout the developing region of the world has a high requirement for extruded aluminium. Due to the low price of aluminium than steel, there is a growing demand for extruded aluminium, thereby; replacing conventional use of steel with aluminium. This trend has a high potential to impact the market in the long run.
Moreover, technological development in the extrusion process of aluminium is expected to further increase the demand for aluminium. For instance, in June 2019, Pacific Northwest National Laboratory demonstrated the advanced extrusion process that can produce high-performance, high-ductile al-alloy products in a single stage, thereby; eliminating the several stages required in the conventional process. The aluminium extruded from this process can be used in the automobile industry where high strength aluminium alloys used to be avoided due to the high cost incurred. In 2021, the global aluminium extrusion market was accounted for US$ 86.59 Bn and estimated to grow with a CAGR of 5.1% during the forecast period.
End-use Segment Analysis
"New trend of light & swift electric cars is driving the automotive segment at the fastest pace"
Aluminium extrusion is widely used in the building & construction industry owing to its high strength-to-weight ratio, making it the most cost-effective to manufacture, deliver and install compared to steel. Additionally, modern buildings with sustainable features have a high demand for extruded aluminium for energy-efficient buildings.
Moreover, with the revolution of electric & hybrid cars, manufacturers are opting for material that reduces vehicle weight thereby, increasing mileage and performance of the vehicle with less emission. Aluminium extrusion is the best material source available on a global scale with top quality products. Germany is one of the leading importers of aluminium extrusion, accounting over one million tons per year. Most of the imported material demand is from the automotive industry.
Regional Analysis
"Asia Pacific remain the largest market"
Asia Pacific region dominated the global market with a global share of around 60% in 2021. The growing requirement of extruded aluminium for infrastructure development in the developing regional countries such as China, India, and ASEAN countries have contributed majorly to the share. Further, the emerging automotive market of electric, hybrid and battery-powered vehicles in China has positively impacted the market growth in the region. Along with it, top aluminium extrusion companies located in the region include, CHINA ZHONGWANG HOLDINGS LIMITED Hindalco-Novelis, Jindal Aluminium Limited, TALCO ALUMINIUM COMPANY have further affected the market growth in the region. The solar energy market in China is booming rapidly. According to the World Economic Forum, China is expected to likely to propel market growth over the coming years accounting for nearly 40% of the world's solar panels by 2022.
Furthermore, in Europe, Germany has the highest demand for extruded aluminium, owing to the strong presence of the automotive industry. Whereas, demand in the North American region is driven by the building & construction industry.
"Emerging partnership trend is keeping the market competitive"
The overall aluminium extrusion market is fragmented and market players are focusing on partnership and acquisition with other players to boost their market position. Following is the list of companies covered in this report.
List of Companies Covered:
Norsk Hydro ASA
CHINA ZHONGWANG HOLDINGS LIMITED
Hindalco-Novelis
Arconic
Constellium
Jindal Aluminium Limited
Alcoa Corporation
TALCO ALUMINIUM COMPANY
QALEX
Balexco
Bonnell Aluminum
Global Aluminium Pvt. Ltd.
Others
Key Industry Development:
In February 2020, Norsk Hydro ASA announced that its 15 aluminium production sites in Europe certified with Aluminium Stewardship Initiative (ASI) Performance Standard. With this certification, the company is nearing towards the goal of all its aluminium extrusion operations certified with ASI. It recognizes the company as responsible for production, sourcing, and stewardship of aluminium. This will impact the customers who prefer sustainable material from certified suppliers.
In September 2017, China Zhongwang Holdings Limited acquired the controlling stakes in the Aluminiumwerk Unna AG, a German high-end aluminium extrusion provider to aircraft manufacturers. This acquisition enhances the company's competitiveness and also optimized its product mix.
In August 2017, China Zhongwang Holdings Limited announced that it was part of supplying aluminium extrusion products for the Renaissance, a Chinese bullet train. With this launch of a bullet train, the company has expanded its market reach.
Historical & Forecast Period
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Aluminium Extrusion market are as follows:
Research and development budgets of manufacturers and government spending
Revenues of key companies in the market segment
Number of end users and consumption volume, price and value.
Geographical revenues generate by countries considered in the report
Micro and macro environment factors that are currently influencing the Aluminium Extrusion market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
ATTRIBUTE DETAILS
Research Period 2020-2030
Base Year 2021
Forecast Period 2022-2030
Historical Year 2020
Unit USD Million
Segmentation
Product Type
Powder-coated
Mill-finished
Anodized
Profile Type
Shapes
Rods & Bars
Pipes & Tubes
Others
Alloy Type
1000 Series
2000 Series
3000 Series
5000 Series
6000 Series
7000 Series
End-use
Building & Construction
Transmission & Distribution
Automobile
Electrical & Electronics
Aerospace & Defense
Others (Solar Panels, Medical, Packaging, etc.)
Region Segment (2020-2030; US$ Million)
North America
U.S.
Canada
Rest of North America
UK and European Union
UK
Germany
Spain
Italy
France
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
Global Impact of Covid-19 Segment (2020-2021; US$ Million )
Pre Covid-19 situation
Post Covid-19 situation
Key questions answered in this report
What are the key micro and macro environmental factors that are impacting the growth of Aluminium Extrusion market?
What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
Estimated forecast and market projections up to 2030.
Which segment accounts for the fastest CAGR during the forecast period?
Which market segment holds a larger market share and why?
Are low and middle-income economies investing in the Aluminium Extrusion market?
Which is the largest regional market for Aluminium Extrusion market?
What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
Which are the key trends driving Aluminium Extrusion market growth?
Who are the key competitors and what are their key strategies to enhance their market presence in the Aluminium Extrusion market worldwide?
Table of Contents
1. Preface
- 1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. Target Audience
- 1.1.3. Key Offerings
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.3.1. Phase I - Secondary Research
- 1.3.2. Phase II - Primary Research
- 1.3.3. Phase III - Expert Panel Review
- 1.3.4. Assumptions
- 1.3.5. Approach Adopted
2. Executive Summary
- 2.1. Market Snapshot: Global Aluminium Extrusion Market
- 2.2. Global Aluminium Extrusion Market, By Product Type , 2021 (US$ Million)
- 2.3. Global Aluminium Extrusion Market, By Profile Type , 2021 (US$ Million)
- 2.4. Global Aluminium Extrusion Market, By Alloy Type , 2021 (US$ Million)
- 2.5. Global Aluminium Extrusion Market, By End-use , 2021 (US$ Million)
- 2.6. Global Aluminium Extrusion Market, By Geography, 2021 (US$ Million)
- 2.7. Impact of Covid 19
- 2.8. Attractive Investment Proposition by Geography, 2021
- 2.9. Competitive Analysis
- 2.9.1. Market Positioning of Key Aluminium Extrusion Market Vendors
- 2.9.2. Strategies Adopted by Aluminium Extrusion Market Vendors
- 2.9.3. Key Industry Strategies
3. Aluminium Extrusion Market: Business Outlook & Market Dynamics
- 3.1. Introduction
- 3.2. Global Aluminium Extrusion Market Value, 2020 - 2030, (US$ Million)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers
- 3.3.2. Market Restraints
- 3.3.3. Key Challenges
- 3.3.4. Key Opportunities
- 3.4. Impact Analysis of Drivers and Restraints
- 3.5. See-Saw Analysis
- 3.6. Porter's Five Force Model
- 3.6.1. Supplier Power
- 3.6.2. Buyer Power
- 3.6.3. Threat Of Substitutes
- 3.6.4. Threat Of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTEL Analysis
- 3.7.1. Political Landscape
- 3.7.2. Economic Landscape
- 3.7.3. Technology Landscape
- 3.7.4. Legal Landscape
- 3.7.5. Social Landscape
4. Aluminium Extrusion Market: By Product Type , 2020-2030, USD (Million)
- 4.1. Market Overview
- 4.2. Growth & Revenue Analysis: 2021 Versus 2030
- 4.3. Market Segmentation
- 4.3.1. Powder-coated
- 4.3.2. Mill-finished
- 4.3.3. Anodized
5. Aluminium Extrusion Market: By Profile Type , 2020-2030, USD (Million)
- 5.1. Market Overview
- 5.2. Growth & Revenue Analysis: 2021 Versus 2030
- 5.3. Market Segmentation
- 5.3.1. Shapes
- 5.3.2. Rods & Bars
- 5.3.3. Pipes & Tubes
- 5.3.4. Others
6. Aluminium Extrusion Market: By Alloy Type , 2020-2030, USD (Million)
- 6.1. Market Overview
- 6.2. Growth & Revenue Analysis: 2021 Versus 2030
- 6.3. Market Segmentation
- 6.3.1. 1000 Series
- 6.3.2. 2000 Series
- 6.3.3. 3000 Series
- 6.3.4. 5000 Series
- 6.3.5. 6000 Series
- 6.3.6. 7000 Series
7. Aluminium Extrusion Market: By End-use , 2020-2030, USD (Million)
- 7.1. Market Overview
- 7.2. Growth & Revenue Analysis: 2021 Versus 2030
- 7.3. Market Segmentation
- 7.3.1. Building & Construction
- 7.3.2. Transmission & Distribution
- 7.3.3. Automobile
- 7.3.4. Electrical & Electronics
- 7.3.5. Aerospace & Defense
- 7.3.6. Others (Solar Panels, Medical, Packaging, etc.)
8. North America Aluminium Extrusion Market, 2020-2030, USD (Million)
- 8.1. Market Overview
- 8.2. Aluminium Extrusion Market: By Product Type , 2020-2030, USD (Million)
- 8.3. Aluminium Extrusion Market: By Profile Type , 2020-2030, USD (Million)
- 8.4. Aluminium Extrusion Market: By Alloy Type , 2020-2030, USD (Million)
- 8.5. Aluminium Extrusion Market: By End-use , 2020-2030, USD (Million)
- 8.6.Aluminium Extrusion Market: By Region, 2020-2030, USD (Million)
- 8.6.1.North America
- 8.6.1.1. U.S.
- 8.6.1.2. Canada
- 8.6.1.3. Rest of North America
- 8.6.1.North America
9. UK and European Union Aluminium Extrusion Market, 2020-2030, USD (Million)
- 9.1. Market Overview
- 9.2. Aluminium Extrusion Market: By Product Type , 2020-2030, USD (Million)
- 9.3. Aluminium Extrusion Market: By Profile Type , 2020-2030, USD (Million)
- 9.4. Aluminium Extrusion Market: By Alloy Type , 2020-2030, USD (Million)
- 9.5. Aluminium Extrusion Market: By End-use , 2020-2030, USD (Million)
- 9.6.Aluminium Extrusion Market: By Region, 2020-2030, USD (Million)
- 9.6.1.UK and European Union
- 9.6.1.1. UK
- 9.6.1.2. Germany
- 9.6.1.3. Spain
- 9.6.1.4. Italy
- 9.6.1.5. France
- 9.6.1.6. Rest of Europe
- 9.6.1.UK and European Union
10. Asia Pacific Aluminium Extrusion Market, 2020-2030, USD (Million)
- 10.1. Market Overview
- 10.2. Aluminium Extrusion Market: By Product Type , 2020-2030, USD (Million)
- 10.3. Aluminium Extrusion Market: By Profile Type , 2020-2030, USD (Million)
- 10.4. Aluminium Extrusion Market: By Alloy Type , 2020-2030, USD (Million)
- 10.5. Aluminium Extrusion Market: By End-use , 2020-2030, USD (Million)
- 10.6.Aluminium Extrusion Market: By Region, 2020-2030, USD (Million)
- 10.6.1.Asia Pacific
- 10.6.1.1. China
- 10.6.1.2. Japan
- 10.6.1.3. India
- 10.6.1.4. Australia
- 10.6.1.5. South Korea
- 10.6.1.6. Rest of Asia Pacific
- 10.6.1.Asia Pacific
11. Latin America Aluminium Extrusion Market, 2020-2030, USD (Million)
- 11.1. Market Overview
- 11.2. Aluminium Extrusion Market: By Product Type , 2020-2030, USD (Million)
- 11.3. Aluminium Extrusion Market: By Profile Type , 2020-2030, USD (Million)
- 11.4. Aluminium Extrusion Market: By Alloy Type , 2020-2030, USD (Million)
- 11.5. Aluminium Extrusion Market: By End-use , 2020-2030, USD (Million)
- 11.6.Aluminium Extrusion Market: By Region, 2020-2030, USD (Million)
- 11.6.1.Latin America
- 11.6.1.1. Brazil
- 11.6.1.2. Mexico
- 11.6.1.3. Rest of Latin America
- 11.6.1.Latin America
12. Middle East and Africa Aluminium Extrusion Market, 2020-2030, USD (Million)
- 12.1. Market Overview
- 12.2. Aluminium Extrusion Market: By Product Type , 2020-2030, USD (Million)
- 12.3. Aluminium Extrusion Market: By Profile Type , 2020-2030, USD (Million)
- 12.4. Aluminium Extrusion Market: By Alloy Type , 2020-2030, USD (Million)
- 12.5. Aluminium Extrusion Market: By End-use , 2020-2030, USD (Million)
- 12.6.Aluminium Extrusion Market: By Region, 2020-2030, USD (Million)
- 12.6.1.Middle East and Africa
- 12.6.1.1. GCC
- 12.6.1.2. Africa
- 12.6.1.3. Rest of Middle East and Africa
- 12.6.1.Middle East and Africa
13. Company Profile
- 13.1. Norsk Hydro ASA
- 13.1.1. Company Overview
- 13.1.2. Financial Performance
- 13.1.3. Product Portfolio
- 13.1.4. Strategic Initiatives
- 13.2. CHINA ZHONGWANG HOLDINGS LIMITED
- 13.2.1. Company Overview
- 13.2.2. Financial Performance
- 13.2.3. Product Portfolio
- 13.2.4. Strategic Initiatives
- 13.3. Hindalco-Novelis
- 13.3.1. Company Overview
- 13.3.2. Financial Performance
- 13.3.3. Product Portfolio
- 13.3.4. Strategic Initiatives
- 13.4. Arconic
- 13.4.1. Company Overview
- 13.4.2. Financial Performance
- 13.4.3. Product Portfolio
- 13.4.4. Strategic Initiatives
- 13.5. Constellium
- 13.5.1. Company Overview
- 13.5.2. Financial Performance
- 13.5.3. Product Portfolio
- 13.5.4. Strategic Initiatives
- 13.6. Jindal Aluminium Limited
- 13.6.1. Company Overview
- 13.6.2. Financial Performance
- 13.6.3. Product Portfolio
- 13.6.4. Strategic Initiatives
- 13.7. Alcoa Corporation
- 13.7.1. Company Overview
- 13.7.2. Financial Performance
- 13.7.3. Product Portfolio
- 13.7.4. Strategic Initiatives
- 13.8. TALCO ALUMINIUM COMPANY
- 13.8.1. Company Overview
- 13.8.2. Financial Performance
- 13.8.3. Product Portfolio
- 13.8.4. Strategic Initiatives
- 13.9. QALEX
- 13.9.1. Company Overview
- 13.9.2. Financial Performance
- 13.9.3. Product Portfolio
- 13.9.4. Strategic Initiatives
- 13.10. Balexco
- 13.10.1. Company Overview
- 13.10.2. Financial Performance
- 13.10.3. Product Portfolio
- 13.10.4. Strategic Initiatives
- 13.11. Bonnell Aluminum
- 13.11.1. Company Overview
- 13.11.2. Financial Performance
- 13.11.3. Product Portfolio
- 13.11.4. Strategic Initiatives
- 13.12. Global Aluminium Pvt. Ltd.
- 13.12.1. Company Overview
- 13.12.2. Financial Performance
- 13.12.3. Product Portfolio
- 13.12.4. Strategic Initiatives
List of Tables
- TABLE 1 Global Aluminium Extrusion Market By Product Type , 2020-2030, USD (Million)
- TABLE 2 Global Aluminium Extrusion Market By Profile Type , 2020-2030, USD (Million)
- TABLE 3 Global Aluminium Extrusion Market By Alloy Type , 2020-2030, USD (Million)
- TABLE 4 Global Aluminium Extrusion Market By End-use , 2020-2030, USD (Million)
- TABLE 5 North America Aluminium Extrusion Market By Product Type , 2020-2030, USD (Million)
- TABLE 6 North America Aluminium Extrusion Market By Profile Type , 2020-2030, USD (Million)
- TABLE 7 North America Aluminium Extrusion Market By Alloy Type , 2020-2030, USD (Million)
- TABLE 8 North America Aluminium Extrusion Market By End-use , 2020-2030, USD (Million)
- TABLE 9 UK and European Union Aluminium Extrusion Market By Product Type , 2020-2030, USD (Million)
- TABLE 10 UK and European Union Aluminium Extrusion Market By Profile Type , 2020-2030, USD (Million)
- TABLE 11 UK and European Union Aluminium Extrusion Market By Alloy Type , 2020-2030, USD (Million)
- TABLE 12 UK and European Union Aluminium Extrusion Market By End-use , 2020-2030, USD (Million)
- TABLE 13 Asia Pacific Aluminium Extrusion Market By Product Type , 2020-2030, USD (Million)
- TABLE 14 Asia Pacific Aluminium Extrusion Market By Profile Type , 2020-2030, USD (Million)
- TABLE 15 Asia Pacific Aluminium Extrusion Market By Alloy Type , 2020-2030, USD (Million)
- TABLE 16 Asia Pacific Aluminium Extrusion Market By End-use , 2020-2030, USD (Million)
- TABLE 17 Latin America Aluminium Extrusion Market By Product Type , 2020-2030, USD (Million)
- TABLE 18 Latin America Aluminium Extrusion Market By Profile Type , 2020-2030, USD (Million)
- TABLE 19 Latin America Aluminium Extrusion Market By Alloy Type , 2020-2030, USD (Million)
- TABLE 20 Latin America Aluminium Extrusion Market By End-use , 2020-2030, USD (Million)
- TABLE 21 Middle East and Africa Aluminium Extrusion Market By Product Type , 2020-2030, USD (Million)
- TABLE 22 Middle East and Africa Aluminium Extrusion Market By Profile Type , 2020-2030, USD (Million)
- TABLE 23 Middle East and Africa Aluminium Extrusion Market By Alloy Type , 2020-2030, USD (Million)
- TABLE 24 Middle East and Africa Aluminium Extrusion Market By End-use , 2020-2030, USD (Million)
List of Figures
- FIG. 1 Global Aluminium Extrusion Market: Market Coverage
- FIG. 2 Research Methodology and Data Sources
- FIG. 3 Market Size Estimation - Top Down & Bottom-Up Approach
- FIG. 4 Global Aluminium Extrusion Market: Quality Assurance
- FIG. 5 Global Aluminium Extrusion Market, By Product Type , 2021
- FIG. 6 Global Aluminium Extrusion Market, By Profile Type , 2021
- FIG. 7 Global Aluminium Extrusion Market, By Alloy Type , 2021
- FIG. 8 Global Aluminium Extrusion Market, By End-use , 2021
- FIG. 9 Global Aluminium Extrusion Market, By Geography, 2021
- FIG. 10 Global Aluminium Extrusion Market, By Product Type , 2021 Vs 2030, %
- FIG. 11 Global Aluminium Extrusion Market, By Profile Type , 2021 Vs 2030, %
- FIG. 12 Global Aluminium Extrusion Market, By Alloy Type , 2021 Vs 2030, %
- FIG. 13 Global Aluminium Extrusion Market, By End-use , 2021 Vs 2030, %
- FIG. 14 U.S. Aluminium Extrusion Market (US$ Million), 2020 - 2030
- FIG. 15 Canada Aluminium Extrusion Market (US$ Million), 2020 - 2030
- FIG. 16 Rest of North America Aluminium Extrusion Market (US$ Million), 2020 - 2030
- FIG. 17 UK Aluminium Extrusion Market (US$ Million), 2020 - 2030
- FIG. 18 Germany Aluminium Extrusion Market (US$ Million), 2020 - 2030
- FIG. 19 Spain Aluminium Extrusion Market (US$ Million), 2020 - 2030
- FIG. 20 Italy Aluminium Extrusion Market (US$ Million), 2020 - 2030
- FIG. 21 France Aluminium Extrusion Market (US$ Million), 2020 - 2030
- FIG. 22 Rest of Europe Aluminium Extrusion Market (US$ Million), 2020 - 2030
- FIG. 23 China Aluminium Extrusion Market (US$ Million), 2020 - 2030
- FIG. 24 Japan Aluminium Extrusion Market (US$ Million), 2020 - 2030
- FIG. 25 India Aluminium Extrusion Market (US$ Million), 2020 - 2030
- FIG. 26 Australia Aluminium Extrusion Market (US$ Million), 2020 - 2030
- FIG. 27 South Korea Aluminium Extrusion Market (US$ Million), 2020 - 2030
- FIG. 28 Rest of Asia Aluminium Extrusion Market (US$ Million), 2020 - 2030
- FIG. 29 Brazil Aluminium Extrusion Market (US$ Million), 2020 - 2030
- FIG. 30 Mexico Aluminium Extrusion Market (US$ Million), 2020 - 2030
- FIG. 31 Rest of Latin America Aluminium Extrusion Market (US$ Million), 2020 - 2030
- FIG. 32 GCC Aluminium Extrusion Market (US$ Million), 2020 - 2030
- FIG. 33 Africa Aluminium Extrusion Market (US$ Million), 2020 - 2030
- FIG. 34 Rest of Middle East and Africa Aluminium Extrusion Market (US$ Million), 2020 - 2030
