Aluminium Extruded Product Market by Product, Alloy (1000 Series Aluminum, 2000 Series Aluminum Alloy, 3000 Series Aluminum Alloy), End-User

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[195 Pages Report] The Aluminium Extruded Product Market size was estimated at USD 60.25 billion in 2023 and expected to reach USD 64.53 billion in 2024, at a CAGR 7.38% to reach USD 99.23 billion by 2030.

Aluminum extrusion is a well-established technique for making intricate forms and designs with aluminum alloys. This extrusion procedure includes forcing molten aluminum through a die to create a particular shape, which is then cooled and solidified. Aluminum extruded products have various shapes, including standard & custom shapes, structural & decorative shapes, and hollow & solid shapes. In recent years, rising construction activities and expanding automotive manufacturing are driving the demand for aluminum extruded products. Aluminum plays an essential role in the automotive industry owing to its reduced weight, which provides fuel efficiency. However, the high cost of an aluminum extrusion facility setup and certain limitations related to the aluminum extrusion process can hamper the market development. Aluminum extruded processes and products have undergone numerous advances and developments over the years, offering more efficient and cost-effective end products. In recent years the market has witnessed new technologies, such as 3D printing technology, nanostructured aluminum, and robotic technology, that enhance the extrusion process and produce improved extruded products.

KEY MARKET STATISTICS
Base Year [2023]	USD 60.25 billion
Estimated Year [2024]	USD 64.53 billion
Forecast Year [2030]	USD 99.23 billion
CAGR (%)	7.38%

Product: Significant penetration of anodized aluminum extrusion products

Anodized aluminum extrusion products undergo an electrochemical process, which creates a protective layer on the surface, enhancing durability and resistance to corrosion. This finish is popular for its aesthetic qualities, as it provides a consistent color and texture on the surface, making it ideal for architectural applications such as window frames, building facades, and railings. Moreover, anodized aluminum is preferred in electronic enclosures and automotive components due to its electrical insulation properties. Mill-finished aluminum extrusions are products with no additional treatment after being extruded from the die. They possess a naturally occurring oxide layer on their surface, which offers essential protection against corrosion, which is often used for applications where appearance is not crucial. Mill-finished extrusions find extensive use in structural components of industrial machinery, heavy-duty frameworks, and marine construction. Powder-coated aluminum extrusions are coated with a dry powder cured at high temperatures, forming a durable and visually appealing finish. This coating provides better resistance to corrosion than mill-finished products and offers a wide range of colors for architectural and decorative applications such as storefronts, curtain walls, and outdoor furniture. Powder-coated aluminum extrusions are preferred for their low environmental impact since they emit negligible volatile organic compounds (VOCs) during application. Anodized aluminum offers superior durability and corrosion resistance compared to mill-finished products, making it suitable for harsh environments or applications where aesthetics are essential. Powder-coating provides similar benefits in terms of appearance with the added advantage of lower environmental impact during production. However, both anodizing and powder-coating involve additional processing costs compared to mill-finished extrusions, which might make them less preferable in cost-sensitive applications where essential protection against corrosion is needed.

Alloy: Accelerating use of 7000 series aluminum alloy in automotive and aerospace industries

1000 series aluminum, also known as pure aluminum, contains at least 99% aluminum content and is used in applications requiring improved corrosion resistance and high thermal and electrical conductivity. Common products made of this alloy include electrical conductors, chemical equipment, and heat exchangers. 2000 series aluminum alloy is primarily composed of copper as the major alloying element. This series provides high strength while maintaining good machinability and is widely used in the aerospace industry for aircraft structures and fittings. The 3000 series aluminum alloy contains manganese as the primary alloying element, offering moderate strength and excellent formability compared to other alloys. This series is primarily used in cooking utensils, radiators, air conditioning systems, and architectural panels. 4000 series aluminum alloy, with silicon as its primary alloying element, is known for its improved castability and good resistance to high temperatures. This series is primarily used in welding wire, automotive components, and heat exchanger applications. The 5000 series aluminum alloy contains magnesium as the primary alloying element, providing excellent corrosion resistance, medium to high strength, and good weldability. It is widely used in marine applications and transportation industries such as shipbuilding and automotive manufacturing. 6000 series aluminum alloy contains magnesium and silicon as the major alloying elements that balance strength, corrosion resistance, formability, and machinability. This series is commonly used in construction for structural applications, including window frames and door panels. The 7000 series aluminum alloy is characterized by its high strength and excellent fatigue resistance due to zinc as the primary alloying element. This series is widely used in aircraft components, automotive performance parts, and military equipment applications.

End-User: Increasing applications of aluminum extruded products with the burgeoning construction sector

In the aerospace industry, aluminum extruded products are preferred due to their lightweight nature, high tensile strength, and corrosion resistance. The automotive sector demands aluminum extruded products attributed to their weight reduction potential that aids in fuel efficiency improvements while maintaining structural integrity. In construction projects, including commercial and residential, aluminum extruded products are favored for their durability against environmental conditions and their versatility in design possibilities such as facade cladding systems or curtain wall supports. The electrical & electronic segment relies on aluminum extruded products for their excellent thermal conductivity, electric current carrying capacity, and compatibility with various connectors, including bus bars or heat sinks. Aluminum extruded products find extensive usage within the transportation & logistic sector due to their lightweight characteristics, contributing to reduced fuel consumption and enhanced load-carrying capabilities for rail cars, truck trailers, marine vessels, or cargo containers.

Regional Insights

The Americas showcase the significant landscape for the aluminum extruded product market owing to the large-scale end-user industries, such as aerospace and construction. In addition, the increasing trade of raw aluminum from Canada supports the growth of the aluminum extruded product market in the Americas. In Asia-Pacific, particularly in China and India, the substantial manufacturers of aluminum extruded products provide a positive landscape for market growth. The expanding automotive industries, rising electric vehicle manufacturing, and development in the electronics industry in the Asia-Pacific region increase the penetration potential for aluminum extruded products. The European government's support for lightweight, high-performance, and sustainable aluminum products propels the demand for aluminum extruded products.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Aluminium Extruded Product Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Aluminium Extruded Product Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Aluminium Extruded Product Market, highlighting leading vendors and their innovative profiles. These include Akzo Nobel N.V., Alom Group, AluFab, Inc., Arconic Corp., Bahrain Aluminum Extrusion Company, BRT Extrusions, Inc., Capalex by Capital Aluminium Extrusions Limited, Central Aluminum Company, Century Extrusions Limited, China Zhongwang Holdings Limited, Constellium SE, Gabrian International Ltd., Global Aluminium Pvt. Ltd., GSH Industries, Gulf Extrusions Co. LLC, Hindalco Industries Limited, Impol 2000, d. d., Integrated Extrusion by United Integration, Jindal Aluminium Limited, Kaiser Aluminum Corporation, Maan Aluminium Ltd., Momentum Manufacturing Group, LLC, Norsk Hydro ASA, Padmawati Extrusion Pvt. Ltd., Penn Aluminum International LLC, PSI Industries, Inc., Qatar Industrial Manufacturing Company, Rio Tinto PLC, RusAL, Simmal Ltd., Source International, Superfine Group, Taber Extrusions LLC, Talan Products Inc., Talco Extrusion LLP, Tredegar Corporation, Wellste Aluminum, and Zahit Aluminium.

Market Segmentation & Coverage

This research report categorizes the Aluminium Extruded Product Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
- Anodized
- Mill-Finished
- Powder-Coated

Alloy
- 1000 Series Aluminum
- 2000 Series Aluminum Alloy
- 3000 Series Aluminum Alloy
- 4000 Series Aluminum Alloy
- 5000 Series Aluminum Alloy
- 6000 Series Aluminum Alloy
- 7000 Series Aluminum Alloy

End-User
- Aerospace
- Automotive
- Construction
- Electrical & Electronic
- Transportation & Logistic

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Aluminium Extruded Product Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Aluminium Extruded Product Market?

3. What are the technology trends and regulatory frameworks in the Aluminium Extruded Product Market?

4. What is the market share of the leading vendors in the Aluminium Extruded Product Market?

5. Which modes and strategic moves are suitable for entering the Aluminium Extruded Product Market?

Product Code: MRR-031BF22FA1CF

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing demand for lightweight and high-performance aluminum extruded products in aerospace and automotive sector
  - 5.1.1.2. Applications in the manufacturing of consumer and industrial goods
  - 5.1.1.3. Inclination toward pre-engineered buildings construction and growth in clean energy technology applications
- 5.1.2. Restraints
  - 5.1.2.1. High initial capital investments and limitations of aluminum extrusion method
- 5.1.3. Opportunities
  - 5.1.3.1. Technological improvements in aluminum extrusion process
  - 5.1.3.2. Increasing shift toward sustainable aluminum extrusions product
- 5.1.4. Challenges
  - 5.1.4.1. Environmental impact associated with aluminum extrusion process
5.2. Market Segmentation Analysis
- 5.2.1. Product: Significant penetration of anodized aluminum extrusion products
- 5.2.2. Alloy: Accelerating use of 7000 series aluminum alloy in automotive and aerospace industries
- 5.2.3. End-User: Increasing applications of aluminum extruded products with the burgeoning construction sector
5.3. Market Trend Analysis
- 5.3.1. Increasing availability of aluminum extruded products with the expansion of aluminum extrusion facilities in Americas
- 5.3.2. Asia-Pacific's position as a major aluminum-producing economy with the presence of key market players
- 5.3.3. Aluminum extruded products to support EMEA's clean energy transition and the region's abundant aluminum availability
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework Analysis

6. Aluminium Extruded Product Market, by Product

6.1. Introduction
6.2. Anodized
6.3. Mill-Finished
6.4. Powder-Coated

7. Aluminium Extruded Product Market, by Alloy

7.1. Introduction
7.2. 1000 Series Aluminum
7.3. 2000 Series Aluminum Alloy
7.4. 3000 Series Aluminum Alloy
7.5. 4000 Series Aluminum Alloy
7.6. 5000 Series Aluminum Alloy
7.7. 6000 Series Aluminum Alloy
7.8. 7000 Series Aluminum Alloy

8. Aluminium Extruded Product Market, by End-User

8.1. Introduction
8.2. Aerospace
8.3. Automotive
8.4. Construction
8.5. Electrical & Electronic
8.6. Transportation & Logistic

9. Americas Aluminium Extruded Product Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Aluminium Extruded Product Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Aluminium Extruded Product Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Shape Corp. to offer roll-formed aluminum components for auto industry
- 12.3.2. Mayville Engineering Company Announces Definitive Agreement to Acquire Mid-States Aluminum Corp.
- 12.3.3. Arconic entered into a definitive agreement with Apollo Group company
- 12.3.4. Press Metal expands extrusion plant operations
- 12.3.5. Partnership Launched Inline Surface Inspection of Aluminium Profiles
- 12.3.6. ABC Aluminum Breaks Ground on Major Expansion
- 12.3.7. Bonnell Aluminum Expanded its TSLOTS Operation in Newnan, Georgia
- 12.3.8. NICE Rapid Launched New Aluminium Extrusion Service for Manufacturing Industries
- 12.3.9. Hydro Invested in New Automotive Press in Hungary
- 12.3.10. Norsk Hydro Acquired Hueck's Aluminium Extrusion Business in Germany
- 12.3.11. India's GAPL Planned to Expand its Production Capacity in 2023
- 12.3.12. Momentum Manufacturing Group Expanded Aluminum Extrusion Production
- 12.3.13. Capalex Invested USD 579,495 Expanding Aluminum Extrusion Facility in Cleator Moor
- 12.3.14. Aequs & Hindalco Entered Strategic Alliance in Commercial Aerospace Sector
- 12.3.15. Rio Tinto Expanded Low-carbon Billet Production in Canada
- 12.3.16. Shape Corp and Hydro Partnered to Deliver Low-Carbon CIRCAL Aluminum to Automotive
- 12.3.17. Momentum Manufacturing Group Invested in New Aluminum Extrusion Production Line to Double Output
- 12.3.18. Pennsylvania Manufacturer Announces USD 17 Million Aluminum Extrusion Mill
- 12.3.19. Jindal Aluminium Invested USD 20.1 Million toward Capex

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio