PUBLISHER: Grand View Research | PRODUCT CODE: 1728428
PUBLISHER: Grand View Research | PRODUCT CODE: 1728428
The global aluminum extrusion market size is anticipated to reach USD 146.82 billion by 2030, registering a CAGR of 8.4% from 2025 to 2030, according to a new report by Grand View Research, Inc.Growing infrastructure and residential construction, particularly in booming APAC, Latin America, and MENA regions, are poised to be major growth engines in the coming years. Rapid urbanization, rising disposable incomes, and population surges are fueling massive investments in the infrastructure & construction sector.
In the budget for 2023-2024, the Indian government allocated INR 16,000 crores (USD 1931.5 million) to develop "sustainable cities of tomorrow". Such initiatives are anticipated to transform multiple cities in India by improving their infrastructure and mobility and creating urban sustainability. There exists a substantial deficit in infrastructure investment on a global scale, prompting governments worldwide to actively address and reduce this gap. This concerted effort is anticipated to have a positive impact on the market over the forecast period.
The construction sector boom isn't the only driver driving the market. Aluminum's flexibility, strength, and rust resistance make it a popular application in the automotive industry, especially with the changing dynamics of automotive vehicles. The booming automotive & transportation application segment is expected to drive the demand for aluminum extrusion over the coming years.
Stringent environmental regulations, particularly around carbon emissions, are driving automakers to embrace aluminum over steel. Car manufacturers face mounting pressure to comply with laws like those from the EPA, CARB, and NHTSA, pushing them to adopt lighter, more fuel-efficient materials. Aluminum extruded parts offer an enticing solution here by significantly reducing vehicle weight, thereby lowering emissions and meeting regulatory requirements. This, in turn, is expected to reduce weight and fuel significant demand for the aluminum extruded parts market.