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    Aluminum Extruded Products Market

    ID: MRFR/CnM/2227-CR
    201 Pages
    Priya Nagrale
    February 2021

    Aluminum Extruded Products Market Research Report Information By Product Type (Mill-Finished, Anodized and Powder-Coated), By Alloy Type (6000 Series Aluminum Alloys, 7000 Series Aluminum Alloys), By End-Use (Construction, Automotive) - Forecast till 2030

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    Aluminum Extruded Products Market Infographic
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    Aluminum Extruded Products Market Summary

    As per Market Research Future Analysis, the Global Aluminum Extruded Products Market was valued at USD 54.55 Billion in 2023 and is projected to reach USD 94.84 Billion by 2032, growing at a CAGR of 6.34% from 2024 to 2032. The market is significantly influenced by the construction and automotive sectors, with rising demand for aluminum in these industries. The COVID-19 pandemic has disrupted production and demand, but innovations and partnerships, such as Hindalco's collaboration with Metra SpA, are expected to drive recovery and growth. Environmental concerns are prompting manufacturers to adopt sustainable practices, further shaping market dynamics.

    Key Market Trends & Highlights

    The aluminum extruded products market is witnessing significant growth driven by various factors.

    • Market size in 2023: USD 54.55 Billion; projected to reach USD 94.84 Billion by 2032.
    • CAGR of 6.34% expected during the forecast period from 2024 to 2032.
    • APAC region expected to hold 63% market share by 2028, with a 7% CAGR.
    • Rising demand in construction and automotive sectors is a key growth driver.

    Market Size & Forecast

    2023 Market Size USD 54.55 Billion
    2024 Market Size USD 58.01 Billion
    2032 Market Size USD 94.84 Billion

    Major Players

    Hindalco Industries Limited, Balexco, Century Extrusions Limited, QALEX, Bonnell Aluminium, Banco Aluminium Ltd, Constellium, ETEM GROUP, TALCO, Gulf Extrusions Co. LLC, China Hongquiao Group Limited, Zahit Aluminium, Sainty Industry Co., Ltd, Alcoa Inc.

    Aluminum Extruded Products Market Drivers

    Market Trends and Projections

    Rising Demand from Automotive Sector

    The Global Aluminum Extruded Products Market Industry experiences a notable surge in demand from the automotive sector, driven by the industry's shift towards lightweight materials to enhance fuel efficiency. Aluminum extrusions are increasingly utilized in vehicle frames, body panels, and structural components. This trend aligns with the global automotive industry's commitment to sustainability and emissions reduction. In 2024, the market is projected to reach 58.0 USD Billion, reflecting the automotive sector's pivotal role in driving growth. As manufacturers seek to comply with stringent regulations, the adoption of aluminum extruded products is likely to accelerate, contributing significantly to the industry's expansion.

    Growing Demand in Construction Sector

    The construction sector's growing demand for aluminum extruded products is a key driver of the Global Aluminum Extruded Products Market Industry. Aluminum's lightweight nature, coupled with its resistance to corrosion, makes it an ideal choice for various applications, including window frames, roofing, and facades. As urbanization accelerates globally, the need for efficient and sustainable building materials intensifies. The market is expected to benefit from this trend, with projections indicating a compound annual growth rate of 6.34% from 2025 to 2035. This growth reflects the construction industry's ongoing commitment to incorporating aluminum extrusions in modern architectural designs.

    Infrastructure Development Initiatives

    Infrastructure development initiatives worldwide are propelling the Global Aluminum Extruded Products Market Industry forward. Governments are investing heavily in modernizing transportation networks, bridges, and buildings, which increasingly incorporate aluminum extrusions due to their strength, durability, and lightweight properties. For instance, major infrastructure projects in emerging economies are expected to boost demand for aluminum extruded products. This trend is anticipated to sustain growth, with the market projected to reach 114.0 USD Billion by 2035. The emphasis on sustainable construction practices further enhances the appeal of aluminum, as it is recyclable and contributes to energy-efficient designs.

    Technological Advancements in Manufacturing

    Technological advancements in manufacturing processes are significantly influencing the Global Aluminum Extruded Products Market Industry. Innovations such as 3D printing and advanced extrusion techniques are enhancing production efficiency and product customization. These developments enable manufacturers to produce complex shapes and designs that meet diverse customer requirements. As industries increasingly demand tailored solutions, the ability to innovate in aluminum extrusion becomes a competitive advantage. This trend is likely to drive market growth, as companies invest in state-of-the-art technologies to improve their offerings and respond to evolving market needs.

    Environmental Regulations and Sustainability

    Increasing environmental regulations and a global shift towards sustainability are driving the Global Aluminum Extruded Products Market Industry. Governments and organizations are implementing stringent policies aimed at reducing carbon footprints and promoting the use of recyclable materials. Aluminum, being highly recyclable, aligns well with these sustainability goals. Industries are increasingly adopting aluminum extruded products as part of their efforts to comply with environmental standards. This trend not only supports market growth but also encourages innovation in recycling technologies and sustainable manufacturing practices, positioning aluminum as a preferred material in various sectors.

    Key Companies in the Aluminum Extruded Products Market market include

    Industry Developments

    In September 2023, Hindalco Industries Ltd disclosed that it had signed a technology deal with Metra SpA, which is an Italian company recognized globally for its ability to manufacture structured and high-quality value-added aluminum extrusions.

    By August 2023, Hydro was planning to upgrade its Lucé aluminum extrusion facility at a cost of NOK 67 million (about EUR 6 million) while setting aside additional funds for employee training, plant modernization, equipment replacement, and other infrastructure upgrade projects.

    Aluminium Bahrain (Alba) recently broadened its family of AA6060 alloys by introducing one more alloy called 6060.HE, in August 2023, will specifically target Alba’s extruder customers’ needs.

    In December 2021, Aluminum Products Company took part in the International Copper Alliance membership program.

    Arconic Corporation purchased a Group annuity contract priced at USD 1 billion, thereby reducing gross pension obligations for the company by April 2021.

    Q2 2025: In April 2025, Alcoa established a joint venture with IGNIS EQT, supporting the San Ciprian plant in Spain. Alcoa committed to providing up to USD 108 million in operations funding. Alcoa announced a joint venture with IGNIS EQT to support the San Ciprian aluminum plant in Spain, with Alcoa committing up to $108 million in operational funding to ensure continued supply of high-quality billets and enhance plant operations.

    Q1 2024: The global adoption of ISO 6361-2:2014 in January 2024 harmonizes mechanical property standards for extruded aluminum profiles. In January 2024, the international standard ISO 6361-2:2014 was globally adopted, harmonizing mechanical property standards for extruded aluminum profiles and facilitating cross-border compliance for suppliers.

    Intended Audience

      • Aluminum-extruded products traders and manufacturers
      • OEMs
      • Manufacturing and production organizations
      • Automotive manufacturers and suppliers
      • Construction companies and organizations

    Future Outlook

    Aluminum Extruded Products Market Future Outlook

    The Aluminum Extruded Products Market is projected to grow at a 6.34% CAGR from 2024 to 2035, driven by rising demand in automotive, construction, and renewable energy sectors.

    New opportunities lie in:

    • Invest in advanced manufacturing technologies to enhance production efficiency and reduce costs.
    • Develop lightweight aluminum solutions for electric vehicles to capture emerging automotive trends.
    • Expand into emerging markets with tailored products to meet local infrastructure needs.

    By 2035, the Aluminum Extruded Products Market is expected to achieve robust growth, positioning itself as a leader in sustainable materials.

    Market Segmentation

    Report Overview

    • Recent Developments
    • Competitive Landscape
    • Regional Analysis
    • Segment Overview
    • Study Objectives
    • Technology Analysis
    • Market Dynamics
    • COVID 19 Analysis
    • Market Overview

    Study Objectives

    • The aluminum-extruded products market report helps in drawing a global market competition based on the functioning of the markets and the expansion of the market size of different players across the globe during the forecast period ending in 2028.
    • The market report highlights the functioning of the market followed by the basis on which the global market is segmented and functioning to meet the rising needs of the target audience in various locations.
    • The aluminum-extruded products market report helps in understanding the global functioning of the market followed by the dynamics like growth opportunities and drivers that will help in the functioning of the market in the forecast period. The report also understands the challenges that might restrain the market from growing.

    COVID 19 Analysis

    • Alcoa Inc. (U.S.)
    • Sainty Industry Co., Ltd
    • Zahit Aluminium
    • China Hongquiao Group Limited (China)
    • Gulf Extrusions Co. LLC (UAE)
    • TALCO (India)
    • ETEM GROUP
    • Constellium (The Netherlands)
    • Banco Aluminium Ltd
    • Bonnell Aluminium (US)
    • QALEX (Qatar)
    • Century Extrusions Limited (India)
    • Balexco BAHRAIN ALUMINIUM EXTRUSION COMPANY
    • Hindalco Industries Limited (India)

    Intended Audience

    • Construction companies and organizations
    • Automotive manufacturers and suppliers
    • Manufacturing and production organizations
    • OEMs
    • Aluminum-extruded products traders and manufacturers

    Global Aluminum Extruded Products Market Overview

    • Alcoa Inc. (U.S.)
    • Sainty Industry Co., Ltd
    • Zahit Aluminium
    • China Hongquiao Group Limited (China)
    • Gulf Extrusions Co. LLC (UAE)
    • TALCO (India)
    • ETEM GROUP
    • Constellium (The Netherlands)
    • Banco Aluminium Ltd
    • Bonnell Aluminium (US)
    • QALEX (Qatar)
    • Century Extrusions Limited (India)
    • Balexco BAHRAIN ALUMINIUM EXTRUSION COMPANY
    • Hindalco Industries Limited (India)

    Aluminum Extruded Products Market Competitive Landscape

    • Alcoa Inc. (U.S.)
    • Sainty Industry Co., Ltd
    • Zahit Aluminium
    • China Hongquiao Group Limited (China)
    • Gulf Extrusions Co. LLC (UAE)
    • TALCO (India)
    • ETEM GROUP
    • Constellium (The Netherlands)
    • Banco Aluminium Ltd
    • Bonnell Aluminium (US)
    • QALEX (Qatar)
    • Century Extrusions Limited (India)
    • Balexco BAHRAIN ALUMINIUM EXTRUSION COMPANY
    • Hindalco Industries Limited (India)

    Report Scope

    Attribute/Metric Details
      Market Size 2023 USD 54.55 Billion
      Market Size 2024 USD 58.01 Billion
      Market Size 2032 USD 94.84 Billion
      CAGR  6.34%  (2024-2032)
      Base Year   2023
      Forecast Period   2024 to 2032
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Billion)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   By Product Type, Alloy Type, End-Use Industry and Region
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   Hydro Extruded Solutions (Norway),China Zhongwang Holdings Limited (China), Arconic (US), Hindalco Industries Limited (India), Constellium (The Netherlands),Century Extrusions Limited (India),QALEX (Qatar),Bonnell Aluminium (US),Gulf Extrusions Co. LLC (UAE),TALCO (India),Balexco BAHRAIN ALUMINIUM EXTRUSION COMPANY,Zahit Aluminium, ETEM GROUP, Sainty Industry Co., Ltd, Banco Aluminium Ltd
      Key Market Opportunities   Growing Popularity of Electric Vehicle to Boost Growth Opportunities
      Key Market Drivers   Growing Demand for Aluminum in Constriction Sector to Support Market Expansion

    Market Highlights

    Author
    Priya Nagrale
    Senior Research Analyst

    With an experience of over five years in market research industry (Chemicals & Materials domain), I gather and analyze market data from diverse sources to produce results, which are then presented back to a client. Also, provide recommendations based on the findings. As a Senior Research Analyst, I perform quality checks (QC) for market estimations, QC for reports, and handle queries and work extensively on client customizations. Also, handle the responsibilities of client proposals, report planning, report finalization, and execution

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    FAQs

    At what CAGR is the aluminium-extruded products market projected to grow during the forecast period?

    Aluminium-extruded products market projected to grow at a 6.34% CAGR between 2024-2032.

    What will be the value of the aluminium-extruded products market during the forecast period?

    Aluminium-extruded products market is predicted to touch USD 94.84 billion by 2032.

    Which region is expected to lead the aluminium-extruded products market?

    The Asia Pacific is expected to lead the aluminium-extruded products market.

    Which end use segment will have the largest share in the aluminium-extruded products market?

    The construction segment will have the largest share in the aluminium-extruded products market.

    Which product type will lead the aluminium-extruded products market?

    The mill-finished segment will lead the aluminium-extruded products market.

    Aluminum-Extruded Products Market Research Report - Forecast to 2030 Infographic
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