Aluminum Extrusion Products Market - Forecast(2023 - 2028)
Aluminum Extrusion Products Market Overview
The Aluminum Extrusion Products Market size is estimated to reach US$112 billion by 2027, after growing at a CAGR of 7.2% during the forecast period 2022-2027. Aluminum extrusion enables manufacturers to develop shapes that are advantageous and cannot be achieved with standard aluminum products. Over the years, companies operating in aluminum extrusion have adopted several innovative technologies to create custom pieces with improved benefits. Aluminum products do not rust and can be anodized to incorporate the property of corrosion resistance. Aluminum extruded profiles can be manufactured in different finishing such as powder coated. Aluminum extrusion is considered one of the most common processes in the production of heat sinks. The aforementioned benefits of aluminum extrusion products are further boosting the market growth. Many industries across the globe have faced several challenges due to the COVID-19 pandemic. Several industries such as building & construction, transportation, consumer durables, electrical and electronics, energy & power and many others have experienced pitfalls due to the unavailability of raw materials. The production and demand in these industries have declined due to an interrupted supply chain and the cessation of transportation. According to the International Organization of Motor Vehicle Manufacturers, in 2020, passenger vehicle production was 19.9 million units in comparison to 21.3 million produced in 2019, showing a 6.5% decrease. With the pause in industrial production and distribution, the demand and consumption of Aluminum Extrusion Products were hampered to an extent.
Report Coverage
The “Aluminum Extrusion Products Market Report –
Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the
following segments in the Aluminum Extrusion Products industry.
By Product Type: Solid,
Hollow and Semi-Hollow.
By Finish Type: Mill-Finished,
Anodized, Powder Coated, Galvanized, Polished and Others.
By Alloy: 1000 Series
Aluminum Alloy, 2000 Series Aluminum Alloy, 3000 Series Aluminum Alloy, 5000
Series Aluminum Alloy, 6000 Series Aluminum Alloy, 7000 Series Aluminum Alloy
and Others.
By Application: Profiles,
Fencing, Billet, Frames, Solar Panel, Signages, Cooling Towers, Windows and
Doors, Angles, Beams, Tubing and Others.
By End-use Industry: Building
And Construction (Residential, Commercial and Industrial), Transportation (Automotive,
Aerospace, Locomotive and Others), Machinery And Equipment, Consumer Durables,
Electrical and Electronics, Energy and Power, Automation, Medical and Others.
By Geography: North
America (the USA, Canada and Mexico), Europe (the UK, Germany, France, Italy, the Netherlands, Spain, Russia, Belgium and the Rest of Europe), Asia-pacific (China,
Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan,
Malaysia and the Rest of APAC), South America (Brazil, Argentina, Colombia, Chile
and the Rest of South America) and the Rest of the World (the Middle East and Africa).
Key Takeaways
- The significant properties of Aluminum Extruded Products such as lightweight, superior thermal conductivity and corrosion resistance are expected to provide significant growth opportunities to increase the Aluminum Extrusion Products market size in the coming years.
- The notable growth in industries such as transportation, energy and power, electrical and electronics and building and construction is driving the growth of the Aluminum Extrusion Products market.
- Increase in residential and commercial construction activities across the globe to provide substantial growth opportunities for the players in the Aluminum Extrusion Products industry in near future.
Aluminum Extrusion Products Market Segment Analysis – by
Finish Type
The powder-coated Aluminum Extrusion Products segment held the largest Aluminum Extrusion
Products Market share in 2021 - a share of over 32%. Aluminum is one of the most common materials
used in the manufacturing industry. It is sturdy, extensively used in the
manufacturing of cross-section profiles and effective for the extrusion process. Anodized and powder-coated products are preferred widely. However, powder-coated products do not
contain VOCs and provide a protective film that complies with strict government
performance regulations. Powder coating in such extruded products provides
resistance to humidity, acids, heat and salt. These products are mainly
suitable for residential and commercial construction applications. Thus, several benefits associated with the use
of powder-coated Aluminum Extrusion Products are boosting the growth and are expected to
account for significant Aluminum Extrusion Products market share.
Aluminum Extrusion Products Market Segment Analysis – by End-use Industry
The construction segment is expected to grow
at the fastest CAGR of 9.6% during the forecast period in the Aluminum Extrusion
Products Market.
Aluminum extrusion products are extensively used in a range of applications during
the past years. Aluminum offers several
benefits to the end products such as easy customization, superior thermal
conductivity, corrosion resistance and lightweight which make it durable and
efficient material in construction applications. These products can be extruded
into different shapes such as hollow, solid and semi-hollow. These products are
widely used in building & construction applications in order to produce
profiles for windows and doors, fencing and handrail, walkway covers and curtain
walls. These are used in architectural applications owing to the cost
advantages. Thus,
the increase in demand for building and construction is boosting the market
growth of the Aluminum Extrusion Products market.
Aluminum
Extrusion Products Market Segment Analysis – by Geography
Asia-pacific held the largest Aluminum Extrusion Products market share in 2021, with a share of 51%. This growth is mainly attributed to the presence of several major industries such as transportation, building & construction, machinery & equipment, electrical & electronics and energy & power in this region. The region consists of major economies such as China, India, Japan and Australia where the level of industrial output has rapidly increased. As per the 2021 report of the European Automobile Manufacturers Association on global vehicle production, China produced 32% of 74 million cars manufactured worldwide with Japan & Korea producing 16%. As per the State Council for the People’s Republic of China, in July 2021 China approved projects related to the development of affordable rental homes. Thus, the significant growth in several industries in this region also boosts the growth of the Aluminum Extrusion Products market.
Aluminum Extrusion Products Market Drivers
Growth in the construction industry
The growing residential and commercial construction on account of the high demand for residential projects from the growing population and the customer inclination toward lightweight and innovative materials have increased the demand for aluminum extruded products in the construction industry. This has increased aluminum extruded products used for residential & commercial construction. According to the UK’s Ministry of Housing, Community and Local Government, in Q1 of 2021, there were 49,470 completed homes in the UK, showing the highest figure in over 20 years and a 4% increase compared to the last 3 months of 2020. Furthermore, according to Statistics Canada, in January 2022, investment in institutional building increased by 0.6% to US$1.12 billion while industrial construction investment increased by 2.1% to US$691.4 million since mid-2020. Thus, the global growth in the construction industry is propelling the growth and is expected to account for a significant share of the Aluminum Extrusion Products market size.
A surge in production output in the automotive industry
Aluminum Extrusion Products Market Challenge:
Availability of substitute materials
Aluminum Extrusion Products are utilized in a range of industries, such
as building & construction, automotive, consumer durables, energy & power, electrical & electronics and more. These products offer
several benefits such as lightweight, better thermal conductivity and corrosion
resistance. These are extensively used in the production of heat sinks. However, there are several
alternatives available for aluminum such as fiberglass, copper extrusion,
plastic, vinyl and others. These materials act as a potential
alternative to Aluminum Extrusion Products. Thus, the availability of
substitute materials may hamper the market growth.
Aluminum Extrusion Products Industry Outlook
The top 10 companies in the Aluminum
Extrusion Products market are:
- Hindalco Industries Limited
- Arconic Corporation
- Norsk Hydro ASA
- Constellium N. V.
- Kaiser Aluminum
- Gulf Extrusions Co. LLC.
- Alcoa Corporation
- Aluminum Corporation of China Limited
- Rio Tinto
- AluminIum Bahrain B.S.C. (Alba)
Recent Developments
- In December 2021, Hindalco acquired Hydro’s Aluminum Extrusion business in Andhra Pradesh which helped the company to strengthen in geographical presence in South India.
- In December 2020, Hindalco set up a new plant in Silvassa, India with an extrusion capacity of 34,000 tonnes. This plant helped the company to meet the fast-growing extruded aluminum products market in the western and southern regions of India.
- In April 2020, Arconic Corporation announced that the company would be separated into two standalone companies i.e., Arconic Corporation and Howmet Aerospace. Arconic Corporation comprises products such as extrusions, rolled products and building and construction operations.
Relevant Reports
Report Code: CMR 50328
Report Code: CMR 47326
Report Code: CMR 93803
For more Chemicals and Materials Market reports, please click here
LIST OF TABLES
1.Global Global Aluminum Extrusion Product Market, By Type Market 2019-2024 ($M)1.1 Mill-Finished Market 2019-2024 ($M) - Global Industry Research
1.2 Anodized Market 2019-2024 ($M) - Global Industry Research
1.3 Coated Market 2019-2024 ($M) - Global Industry Research
2.Global Global Aluminum Extrusion Product Market, By Alloy Market 2019-2024 ($M)
2.1 1000 Series Aluminum Alloy Market 2019-2024 ($M) - Global Industry Research
2.2 2000 Series Aluminum Alloy Market 2019-2024 ($M) - Global Industry Research
2.3 3000 Series Aluminum Alloy Market 2019-2024 ($M) - Global Industry Research
2.4 5000 Series Aluminum Alloy Market 2019-2024 ($M) - Global Industry Research
2.5 6000 Series Aluminum Alloy Market 2019-2024 ($M) - Global Industry Research
2.6 7000 Series Aluminum Alloy Market 2019-2024 ($M) - Global Industry Research
3.Global Global Aluminum Extrusion Product Market, By End User Industry Market 2019-2024 ($M)
3.1 Building And Construction Market 2019-2024 ($M) - Global Industry Research
3.2 Transportation And Logistics Market 2019-2024 ($M) - Global Industry Research
3.3 Automotive Market 2019-2024 ($M) - Global Industry Research
3.4 Machinery And Equipment Market 2019-2024 ($M) - Global Industry Research
3.5 Consumer Durables Market 2019-2024 ($M) - Global Industry Research
3.6 Electrical Electronics Market 2019-2024 ($M) - Global Industry Research
4.Global Global Aluminum Extrusion Product Market, By Type Market 2019-2024 (Volume/Units)
4.1 Mill-Finished Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Anodized Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Coated Market 2019-2024 (Volume/Units) - Global Industry Research
5.Global Global Aluminum Extrusion Product Market, By Alloy Market 2019-2024 (Volume/Units)
5.1 1000 Series Aluminum Alloy Market 2019-2024 (Volume/Units) - Global Industry Research
5.2 2000 Series Aluminum Alloy Market 2019-2024 (Volume/Units) - Global Industry Research
5.3 3000 Series Aluminum Alloy Market 2019-2024 (Volume/Units) - Global Industry Research
5.4 5000 Series Aluminum Alloy Market 2019-2024 (Volume/Units) - Global Industry Research
5.5 6000 Series Aluminum Alloy Market 2019-2024 (Volume/Units) - Global Industry Research
5.6 7000 Series Aluminum Alloy Market 2019-2024 (Volume/Units) - Global Industry Research
6.Global Global Aluminum Extrusion Product Market, By End User Industry Market 2019-2024 (Volume/Units)
6.1 Building And Construction Market 2019-2024 (Volume/Units) - Global Industry Research
6.2 Transportation And Logistics Market 2019-2024 (Volume/Units) - Global Industry Research
6.3 Automotive Market 2019-2024 (Volume/Units) - Global Industry Research
6.4 Machinery And Equipment Market 2019-2024 (Volume/Units) - Global Industry Research
6.5 Consumer Durables Market 2019-2024 (Volume/Units) - Global Industry Research
6.6 Electrical Electronics Market 2019-2024 (Volume/Units) - Global Industry Research
7.North America Global Aluminum Extrusion Product Market, By Type Market 2019-2024 ($M)
7.1 Mill-Finished Market 2019-2024 ($M) - Regional Industry Research
7.2 Anodized Market 2019-2024 ($M) - Regional Industry Research
7.3 Coated Market 2019-2024 ($M) - Regional Industry Research
8.North America Global Aluminum Extrusion Product Market, By Alloy Market 2019-2024 ($M)
8.1 1000 Series Aluminum Alloy Market 2019-2024 ($M) - Regional Industry Research
8.2 2000 Series Aluminum Alloy Market 2019-2024 ($M) - Regional Industry Research
8.3 3000 Series Aluminum Alloy Market 2019-2024 ($M) - Regional Industry Research
8.4 5000 Series Aluminum Alloy Market 2019-2024 ($M) - Regional Industry Research
8.5 6000 Series Aluminum Alloy Market 2019-2024 ($M) - Regional Industry Research
8.6 7000 Series Aluminum Alloy Market 2019-2024 ($M) - Regional Industry Research
9.North America Global Aluminum Extrusion Product Market, By End User Industry Market 2019-2024 ($M)
9.1 Building And Construction Market 2019-2024 ($M) - Regional Industry Research
9.2 Transportation And Logistics Market 2019-2024 ($M) - Regional Industry Research
9.3 Automotive Market 2019-2024 ($M) - Regional Industry Research
9.4 Machinery And Equipment Market 2019-2024 ($M) - Regional Industry Research
9.5 Consumer Durables Market 2019-2024 ($M) - Regional Industry Research
9.6 Electrical Electronics Market 2019-2024 ($M) - Regional Industry Research
10.South America Global Aluminum Extrusion Product Market, By Type Market 2019-2024 ($M)
10.1 Mill-Finished Market 2019-2024 ($M) - Regional Industry Research
10.2 Anodized Market 2019-2024 ($M) - Regional Industry Research
10.3 Coated Market 2019-2024 ($M) - Regional Industry Research
11.South America Global Aluminum Extrusion Product Market, By Alloy Market 2019-2024 ($M)
11.1 1000 Series Aluminum Alloy Market 2019-2024 ($M) - Regional Industry Research
11.2 2000 Series Aluminum Alloy Market 2019-2024 ($M) - Regional Industry Research
11.3 3000 Series Aluminum Alloy Market 2019-2024 ($M) - Regional Industry Research
11.4 5000 Series Aluminum Alloy Market 2019-2024 ($M) - Regional Industry Research
11.5 6000 Series Aluminum Alloy Market 2019-2024 ($M) - Regional Industry Research
11.6 7000 Series Aluminum Alloy Market 2019-2024 ($M) - Regional Industry Research
12.South America Global Aluminum Extrusion Product Market, By End User Industry Market 2019-2024 ($M)
12.1 Building And Construction Market 2019-2024 ($M) - Regional Industry Research
12.2 Transportation And Logistics Market 2019-2024 ($M) - Regional Industry Research
12.3 Automotive Market 2019-2024 ($M) - Regional Industry Research
12.4 Machinery And Equipment Market 2019-2024 ($M) - Regional Industry Research
12.5 Consumer Durables Market 2019-2024 ($M) - Regional Industry Research
12.6 Electrical Electronics Market 2019-2024 ($M) - Regional Industry Research
13.Europe Global Aluminum Extrusion Product Market, By Type Market 2019-2024 ($M)
13.1 Mill-Finished Market 2019-2024 ($M) - Regional Industry Research
13.2 Anodized Market 2019-2024 ($M) - Regional Industry Research
13.3 Coated Market 2019-2024 ($M) - Regional Industry Research
14.Europe Global Aluminum Extrusion Product Market, By Alloy Market 2019-2024 ($M)
14.1 1000 Series Aluminum Alloy Market 2019-2024 ($M) - Regional Industry Research
14.2 2000 Series Aluminum Alloy Market 2019-2024 ($M) - Regional Industry Research
14.3 3000 Series Aluminum Alloy Market 2019-2024 ($M) - Regional Industry Research
14.4 5000 Series Aluminum Alloy Market 2019-2024 ($M) - Regional Industry Research
14.5 6000 Series Aluminum Alloy Market 2019-2024 ($M) - Regional Industry Research
14.6 7000 Series Aluminum Alloy Market 2019-2024 ($M) - Regional Industry Research
15.Europe Global Aluminum Extrusion Product Market, By End User Industry Market 2019-2024 ($M)
15.1 Building And Construction Market 2019-2024 ($M) - Regional Industry Research
15.2 Transportation And Logistics Market 2019-2024 ($M) - Regional Industry Research
15.3 Automotive Market 2019-2024 ($M) - Regional Industry Research
15.4 Machinery And Equipment Market 2019-2024 ($M) - Regional Industry Research
15.5 Consumer Durables Market 2019-2024 ($M) - Regional Industry Research
15.6 Electrical Electronics Market 2019-2024 ($M) - Regional Industry Research
16.APAC Global Aluminum Extrusion Product Market, By Type Market 2019-2024 ($M)
16.1 Mill-Finished Market 2019-2024 ($M) - Regional Industry Research
16.2 Anodized Market 2019-2024 ($M) - Regional Industry Research
16.3 Coated Market 2019-2024 ($M) - Regional Industry Research
17.APAC Global Aluminum Extrusion Product Market, By Alloy Market 2019-2024 ($M)
17.1 1000 Series Aluminum Alloy Market 2019-2024 ($M) - Regional Industry Research
17.2 2000 Series Aluminum Alloy Market 2019-2024 ($M) - Regional Industry Research
17.3 3000 Series Aluminum Alloy Market 2019-2024 ($M) - Regional Industry Research
17.4 5000 Series Aluminum Alloy Market 2019-2024 ($M) - Regional Industry Research
17.5 6000 Series Aluminum Alloy Market 2019-2024 ($M) - Regional Industry Research
17.6 7000 Series Aluminum Alloy Market 2019-2024 ($M) - Regional Industry Research
18.APAC Global Aluminum Extrusion Product Market, By End User Industry Market 2019-2024 ($M)
18.1 Building And Construction Market 2019-2024 ($M) - Regional Industry Research
18.2 Transportation And Logistics Market 2019-2024 ($M) - Regional Industry Research
18.3 Automotive Market 2019-2024 ($M) - Regional Industry Research
18.4 Machinery And Equipment Market 2019-2024 ($M) - Regional Industry Research
18.5 Consumer Durables Market 2019-2024 ($M) - Regional Industry Research
18.6 Electrical Electronics Market 2019-2024 ($M) - Regional Industry Research
19.MENA Global Aluminum Extrusion Product Market, By Type Market 2019-2024 ($M)
19.1 Mill-Finished Market 2019-2024 ($M) - Regional Industry Research
19.2 Anodized Market 2019-2024 ($M) - Regional Industry Research
19.3 Coated Market 2019-2024 ($M) - Regional Industry Research
20.MENA Global Aluminum Extrusion Product Market, By Alloy Market 2019-2024 ($M)
20.1 1000 Series Aluminum Alloy Market 2019-2024 ($M) - Regional Industry Research
20.2 2000 Series Aluminum Alloy Market 2019-2024 ($M) - Regional Industry Research
20.3 3000 Series Aluminum Alloy Market 2019-2024 ($M) - Regional Industry Research
20.4 5000 Series Aluminum Alloy Market 2019-2024 ($M) - Regional Industry Research
20.5 6000 Series Aluminum Alloy Market 2019-2024 ($M) - Regional Industry Research
20.6 7000 Series Aluminum Alloy Market 2019-2024 ($M) - Regional Industry Research
21.MENA Global Aluminum Extrusion Product Market, By End User Industry Market 2019-2024 ($M)
21.1 Building And Construction Market 2019-2024 ($M) - Regional Industry Research
21.2 Transportation And Logistics Market 2019-2024 ($M) - Regional Industry Research
21.3 Automotive Market 2019-2024 ($M) - Regional Industry Research
21.4 Machinery And Equipment Market 2019-2024 ($M) - Regional Industry Research
21.5 Consumer Durables Market 2019-2024 ($M) - Regional Industry Research
21.6 Electrical Electronics Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Aluminum Extrusion Products Market Revenue, 2019-2024 ($M)2.Canada Aluminum Extrusion Products Market Revenue, 2019-2024 ($M)
3.Mexico Aluminum Extrusion Products Market Revenue, 2019-2024 ($M)
4.Brazil Aluminum Extrusion Products Market Revenue, 2019-2024 ($M)
5.Argentina Aluminum Extrusion Products Market Revenue, 2019-2024 ($M)
6.Peru Aluminum Extrusion Products Market Revenue, 2019-2024 ($M)
7.Colombia Aluminum Extrusion Products Market Revenue, 2019-2024 ($M)
8.Chile Aluminum Extrusion Products Market Revenue, 2019-2024 ($M)
9.Rest of South America Aluminum Extrusion Products Market Revenue, 2019-2024 ($M)
10.UK Aluminum Extrusion Products Market Revenue, 2019-2024 ($M)
11.Germany Aluminum Extrusion Products Market Revenue, 2019-2024 ($M)
12.France Aluminum Extrusion Products Market Revenue, 2019-2024 ($M)
13.Italy Aluminum Extrusion Products Market Revenue, 2019-2024 ($M)
14.Spain Aluminum Extrusion Products Market Revenue, 2019-2024 ($M)
15.Rest of Europe Aluminum Extrusion Products Market Revenue, 2019-2024 ($M)
16.China Aluminum Extrusion Products Market Revenue, 2019-2024 ($M)
17.India Aluminum Extrusion Products Market Revenue, 2019-2024 ($M)
18.Japan Aluminum Extrusion Products Market Revenue, 2019-2024 ($M)
19.South Korea Aluminum Extrusion Products Market Revenue, 2019-2024 ($M)
20.South Africa Aluminum Extrusion Products Market Revenue, 2019-2024 ($M)
21.North America Aluminum Extrusion Products By Application
22.South America Aluminum Extrusion Products By Application
23.Europe Aluminum Extrusion Products By Application
24.APAC Aluminum Extrusion Products By Application
25.MENA Aluminum Extrusion Products By Application
26.Alcoa Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Aluminum Corporation Of China Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Bhp Billiton Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Century Aluminum Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.China Hongquiao Group Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Constellium, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Gulf Extrusion, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Hindalco Indsutries Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Hydro Aluminum, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Norsk Hydro Asa, Sales /Revenue, 2015-2018 ($Mn/$Bn)