PUBLISHER: The Business Research Company | PRODUCT CODE: 1249111
PUBLISHER: The Business Research Company | PRODUCT CODE: 1249111
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“Aluminum Extrusion Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on aluminum extrusion market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for aluminum extrusion? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The aluminum extrusion market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Companies Mentioned: Hindalco Industries Limited; Hydro; Arconic Corp.; Constellium; QALEX
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Major players in the aluminum extrusion market are: Hindalco Industries Limited, Hydro, Arconic Corp., Constellium, QALEX, Kaiser Aluminum, China Zhongwang Holdings Ltd., Aluminium Products Company (ALUPCO), Bahrain Aluminium Extrusion Co. (BALEXCO), Century Extrusions Ltd., Galco Group, Jindal Aluminim Ltd., W.W. Grainger Inc., Orange Aluminium, Novelis, Gulf Extrusions Co. LLC, Bonnell Aluminum, Keymark Corporation, Hulamin Ltd., WISPECO Aluminium, TALCO and Bonnell Aluminium.
The global aluminum extrusion market grew from $86.16 billion in 2022 to $92.8 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The aluminum extrusion market is expected to grow to $124.73 billion in 2027 at a CAGR of 7.7%.
The aluminum extrusion market includes revenues earned by entities by transform aluminum alloy into objects for a wide range of uses. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The aluminum extrusion refers to a procedure that involves pressing aluminium alloy material through a die with a particular cross-sectional profile. It is used to transform aluminum alloy into objects for a wide range of uses. Aluminum's malleability makes it easy to mill and cast and because it has one-third the density and stiffness of steel, the resulting products are solid and stable compared to other metals.
Asia-Pacific was the largest region in the aluminum extrusion market in 2022. The regions covered in the aluminum extrusion market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of type of aluminum extrusion are mill finished, anodized and powder coated. The mill-finished aluminum extrusions that have a natural mill finish as they come out from the extruder die. As the mill finish is exposed to air and moisture, it oxidizes into a light white powder (aluminum oxide). Various types of alloys in aluminum extrusion are 1000 series aluminum alloy, 2000 series aluminum alloy, 3000 series aluminum alloy, 4000 series aluminum alloy, 5000 series aluminum alloy, 6000 series aluminum alloy and 7000 series aluminum alloy and are mostly used in building and construction, transportation, machinery and equipment, consumer durables, electrical and others.
The increase in the construction of green buildings is one of the key factors driving the market growth. Green buildings are environmentally sustainable, energy-saving, and produce low carbon emissions. Aluminum has been a driving force behind the green construction movement because of its unrivaled characteristics. The characteristics of aluminum, such as strong and durable, recyclable, corrosion-resistant, light and malleable, make it apt for sustainable architecture. According to the U.S. Green Building Council (USGBC), India ranked third in Leadership in Energy and Environmental Design (LEED) in 2021 with a total of 146 LEED-certified buildings and spaces, which represents about 2.8 million gross area square meters (GSM) of space. This is an almost 10% increase in LEED-certified space in India from 2020. Thus an increase in the construction of green buildings will lead to the demand for aluminum extrusions.
Strategic partnership is a key trend in the aluminum extrusion market. Manufacturers and organizations are entering into a partnership and collaborations to gain competitive advantage and expand in different regions. For instance, in January 2020, SMS Group and R.L. Best entered into a partnership to provide spare parts, modernizations, field service, and installation skills to extruders. SMS Group is a Germany- based company that supplies plants to the metallurgical industry for steel, aluminum, copper, and metals. R.L. Best is a US-based company that specializes in aluminum extrusion.
In January 2020, NSA Industries LLC, a US-based manufacturer of sheet metalwork products, acquired Vitex Extrusions, for an undisclosed amount. Through this acquisition, NSA will extend its capabilities and enter the high-growth extrusion industry while also providing Vitex with greatly enhanced downstream production capabilities. Vitex Extrusions is a US-based manufacturer of aluminum extrusions that offers custom extruded aluminum manufacturing, fabrication, CNC machining, assembly, and supply chain solutions.
The countries covered in the aluminum extrusion market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The aluminum extrusion market research report is one of a series of new reports from The Business Research Company that provides aluminum extrusion market statistics, including aluminum extrusion industry global market size, regional shares, competitors with an aluminum extrusion market share, detailed aluminum extrusion market segments, market trends and opportunities, and any further data you may need to thrive in the aluminum extrusion industry. This aluminum extrusion market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.