Overview and Scope
The aluminum-extruded products refer to products made of aluminum that has been extruded; they are lightweight but operate well in harsh environments. Extruded aluminum is created by heating aluminum and putting it through a die, which forms aluminum extruded products. For instance, tubes, doors, window frames, brackets, and railings can all be made from extruded aluminum products.
Sizing and Forecast
The aluminum-extruded products market size has grown strongly in recent years. It will grow from $43.89 billion in 2023 to $46.8 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to industrial revolution impact, aviation industry, architectural applications, automotive industry adoption, electrical industry utilization..
The aluminum-extruded products market size is expected to see strong growth in the next few years. It will grow to $60.05 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to recycling and circular economy, cost-effectiveness , energy efficiency standards , supply chain resilience , urbanization and construction projects.. Major trends in the forecast period include sustainable solutions, architectural applications , advancements in technology, renewable energy sector..
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Segmentation & Regional Insights
The aluminum-extruded products market covered in this report is segmented –
1) By Product Type: Mill Finished, Powder Coated, Anodized
2) By Alloy Type: 1000 Series Aluminum, 2000 Series Aluminum Alloy, 3000 Series Aluminum Alloy, 5000 Series Aluminum Alloy, 6000 Series Aluminum Alloy, 7000 Series Aluminum Alloy
3) By End Use Industry: Construction, Automotive, Electric and Electronics, Machinery and Equipment, Mass Transport , Other End Use Industry (energy, telecom, and consumer durables)
Top Major Players
RUSAL
Aluminum Corporation of China Limite
Rio Tinto Group
Norsk Hydro ASA
Aluminium Bahrain B.S.C
Asia-Pacific was the largest region in the aluminum-extruded products market analysis in 2023. The regions covered in the aluminum-extruded products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Growth and expansion of the automobile industry are expected to propel the growth of the aluminum-extruded products market. The automobile industry refers to the wide range of businesses and organizations engaged in the design and development of motor vehicles such as trucks, cars, farm machinery, and other vehicles. The automotive aluminum extruder is employed to build the radiator and bracket, oil pipe, instrument panel bracket frame, door anti-collision beam, energy absorption box, bumper anti-collision beam, and combination frame structure for the car's body. For instance, in 2021, according to the Society of Indian Automobile Manufacturers (SIAM), a not-for-profit apex national body representing all primary vehicles and vehicular engines, the automotive industry produced a total of approximately 23 million vehicles from April 2021 to March 2022, including passenger cars, commercial trucks, three-wheelers, two-wheelers, and quadricycles, compared to approximately 22.6 million units from April 2020 to March 2021. Therefore, the growth and expansion of the automobile industry are driving the growth of the aluminum extruded product market.
Key Industry Players
Major companies operating in the aluminum-extruded products market report are RUSAL, Aluminum Corporation of China Limited, Rio Tinto Group, Norsk Hydro ASA, Aluminium Bahrain B.S.C, Kaiser Aluminum Corporation, Sapa Inc., China Zhongwang Holdings Limited, Hindalco Industries Limited, Constellium SE, Talco Aluminium Company, Gulf Extrusions, China Hongqiao Group Limited, Alcoa Corporation, Bahrain Aluminium Extrusion Co., Century Extrusions Ltd., Bonnell Aluminium, Arconic Corporation, Qatar Aluminum Extrusion Company, Hydro Extrusion USA LLC, Western Extrusions Corp., Crystal Finishing Systems Inc., Universal Alloy Corp., Erbsloeh Aluminum Solutions Inc., Tower Extrusions Ltd., Alexandria Extrusion Co., Taber Extrusions LLC, Bristol Aluminum, Custom Aluminum Products Inc., Futura Industries Corporation
The aluminum-extruded products market report table of contents includes:
1. Executive Summary
2. Aluminum-Extruded Products Market Characteristics
3. Aluminum-Extruded Products Market Trends And Strategies
4. Aluminum-Extruded Products Market - Macro Economic Scenario
5. Global Aluminum-Extruded Products Market Size and Growth
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31. Global Aluminum-Extruded Products Market Competitive Benchmarking
32. Global Aluminum-Extruded Products Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Aluminum-Extruded Products Market
34. Aluminum-Extruded Products Market Future Outlook and Potential Analysis
35. Appendix
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Aluminum extrusions are known to have good sustainability, durability, flexibility and strength, due to which they are widely used in sectors like consumer durables, machinery, electrical, transportation, construction and others.
The extrusion process helps in making most of the physical characteristics of aluminium, giving products with good malleability that can be easily cast and machined.Global aluminum-extruded products market is expected to rise, registering a substantial CAGR of 6.7% in the forecast period of 2019-2026.
The rise in the market value can be attributed to the technological advancements in the aluminum industry and growing demand from end-use industries.
Get Sample PDF (including COVID19 Impact Analysis) of Market Report @https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-aluminum-extruded-products-market Market Drivers and Restraints:Technological advancements in the aluminum industry; this factor will drive the market in the forecast periodGrowing demand of aluminum-extruded products from the end-use industries will also drive the market in near futureIncreasing demand for recycled and value-added aluminum products; this factor will also propel the marketRecyclable and corrosion-resistant nature of aluminum extrusion products will also drive the market in futureLow awareness about aluminum-extruded products; this factor will hamper the market to grow in near futureIncreased use of magnesium alloy over aluminum alloys, will act as a restraint for the market growthRequirement of high initial capital investments will also restrain the market in near futureThe major players covered in the Aluminum-Extruded Products Market Few of the major competitors currently working in the aluminum-extruded products market are RUSAL, Alcoa Corporation, Aluminum Corporation of China Limited, RIO Tinto PLC, BHP, Norsk Hydro ASA, Century Aluminum Company, China Hongqiao Group Limited, Aluminum Bahrain, Hindalco Industries Limited (a subsidiary of Aditya Birla Management Corporation Pvt.
MAJOR TOC OF THE REPORT Chapter One: Aluminum-Extruded Products Market Overview Chapter Two: Manufacturers Profiles Chapter Three: Global aluminum-extruded products Competition, by Players Chapter Four: Global aluminum-extruded products Size by Regions Chapter Five: North America aluminum-extruded products Revenue by Countries Chapter Six: Europe aluminum-extruded products Revenue by Countries Chapter Seven: Asia-Pacific aluminum-extruded products Revenue by Countries Chapter Eight: South America Aluminum-Extruded Products Market Revenue by Countries Get Detail TOC@ https://www.databridgemarketresearch.com/toc/?dbmr=global-aluminum-extruded-products-marketKey Report HighlightsComprehensive pricing analysis based on different product types and regional segmentsMarket size data in terms of revenue and sales volumeDeep insights about regulatory and investment scenarios of the global aluminum-extruded productsAnalysis of market effect factors and their impact on the forecast and outlook of the aluminum-extruded products MarketThe detailed assessment of the vendor landscape and leading companies to help understand the level of competition in the aluminum-extruded products MarketA roadmap of growth opportunities available in the global aluminum-extruded products Market with the identification of key factorsThe exhaustive analysis of various trends of the global aluminum-extruded products Market to help identify market developments Key Questions Answered in Report:What is the key to the aluminum-extruded products Market ?What will the aluminum-extruded products Demand and what will be Growth?What are the latest opportunities for aluminum-extruded products in the future?What are the strengths of the key players?Access Full Report @https://www.databridgemarketresearch.com/reports/global-aluminum-extruded-products-marketAbout Us:Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches.
We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the marketContact:Data Bridge Market ResearchTel: +1-888-387-2818Email: [email protected] Related Reports@Matting Agents MarketMedicinal Chemistry for Drug Discovery MarketMelamine Formaldehyde Market
Aluminum extrusion is a manufacturing process to achieve cross-sectional profiles which often offers more corrosion resistance and comes with high strength and light-weighting properties.
The global Aluminium Extruded Products Market are expecting to gain benefit from market tailwinds and achieve 6.5% CAGR during the forecast period to reach a valuation of USD 68.5 billion.
Market Research Future (MRFR) in their analysis reveals various possibilities that the market can explore for further growth.The construction industry is one important segment that can inspire the growth of the global aluminum extruded product market.
Its various application spaces such as skylights, rain screens, windows & doors, sunrooms, water collection systems, and others are going to help in the expansion of the market.
The segment is gaining precedence due to product features such as high strength and cost-effectiveness of the mill-finished product.
It has 42% of the global market dominance (as of 2017) and was valued at USD 17,010 million.
Rapid increase in infrastructure activities and usage of aluminium-extruded products in construction & building sector to drive the demand for Europe & CIS Aluminium-Extruded Products Market through 2026.According to TechSci Research report, “Europe & CIS Aluminium-Extruded Products Market By Product Type (Mill-Finished, Anodized and Powder-Coated), By End-Use Industry (Building & Construction, Automotive & Transportation, Electrical & Electronics, Consumer Durables and Others), By Alloy Type (1000 Series, 2000 Series, 3000 Series, 5000 Series, 6000 Series and 7000 Series), By Product Shape (Composite Product Shapes, Rods & Bars and Pipes & Tubes), By Country, Forecast & Opportunities, 2016-2026” Europe & CIS Aluminium-Extruded Products Market stood at USD14649.24 million in 2020 and is projected to grow at a CAGR of 6.53% to reach USD21885.05 million by 2026.
Aluminium Extruded products perform efficiently under extreme conditions like humidity, heat and therefore, find application in numerous end use industries such as electronics, automotive, mass transit, bridge decking, telecommunications, and solar/renewable energy industries among others.Browse 92 market data Figures spread through 168 Pages and an in-depth TOC on " Europe & CIS Aluminium-Extruded Products Market”https://www.techsciresearch.com/report/europe-and-cis-aluminium-extruded-products-market/7963.htmlBased on End-Use Industry the market is segmented into Building & Construction, Automotive & Transportation, Electrical & Electronics, Consumer Durables and Others.
High resistance to corrosion, and versatility make it perfect for fabrication in ladders, pipelines & platforms, tubing in furniture products, etc.
According to TechSci Research’s estimates, the market suffered a decline from previous year, and now it is at 6.31% in terms of value.
This decline left a remarkable depreciation in the market, but the market is currently reviving and is set to overcome the descent in 2021-2022, owing to the shift in focus of all organizations towards aluminium-extruded products.Based on country, Germany accounted for the largest share of 22.23% in the aluminium-extruded products market in 2020 owing to the well-established automobile and electrical & electronics industry in this country, which generates lucrative growth opportunities for the aluminium-extruded products market.
Companies operating in the market are using organic strategies such as product development through addition of new features, partnerships, mergers and collaborations to boost their share in Europe & CIS Aluminium-Extruded Products Market.Extruded aluminium is used for busbars and electrical equipment as it is a good conductor of electricity with the added application in lighting.
