• Cat-intel
  • MedIntelliX
  • Resources
  • About Us
  • Request Free Sample ×

    Kindly complete the form below to receive a free sample of this Report

    Leading companies partner with us for data-driven Insights

    clients tt-cursor

    Aluminum Extrusion Market

    ID: MRFR/CnM/9204-CR
    110 Pages
    Priya Nagrale
    October 2022

    Aluminum Extrusion Market Research Report Information By Product Type (Mill finished, Anodized, Powder coated), By Alloy Type (2000 Series Aluminum, 3000 Series Aluminum, 5000 Series Aluminum, 6000 Series Aluminum, 7000 Series Aluminum), By Application (Building and Construction, Automotive and Transportation, Electrical and Electronics, Consumer Goods, Machinery), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2032

    Share:
    Download PDF ×

    We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

    Aluminum Extrusion Market Infographic
    Purchase Options
    $ 4,950.0
    $ 5,950.0
    $ 7,250.0

    Aluminum Extrusion Market Summary

    As per Market Research Future Analysis, the Global Aluminum Extrusion Market was valued at USD 83.9 Billion in 2023 and is projected to reach USD 170.53 Billion by 2032, growing at a CAGR of 8.20% from 2024 to 2032. The market is driven by the increasing demand for lightweight, durable, and corrosion-resistant extruded products across various industries, including construction, automotive, and aerospace. The Asia-Pacific region leads in production and consumption, with China being the largest producer. The market is also supported by urbanization and infrastructure development, particularly in emerging economies.

    Key Market Trends & Highlights

    The aluminum extrusion market is witnessing significant growth due to various trends.

    • The market is expected to grow from USD 90.77 Billion in 2024 to USD 170.53 Billion by 2032.
    • The Building and Construction segment dominated the market in 2022 and is projected to grow rapidly.
    • The 6000 Series Aluminum segment held the majority share in 2022, known for its strength and corrosion resistance.
    • Mill finished aluminum extrusions accounted for the largest market share in 2022 due to cost-effectiveness.

    Market Size & Forecast

    2023 Market Size USD 83.9 Billion
    2024 Market Size USD 90.77 Billion
    2032 Market Size USD 170.53 Billion
    CAGR (2024-2032) 8.20%

    Major Players

    Key players include UAJC Corporation, Constellium, Norsk Hydro ASA, China Zhongwang Holding Limited, Kaiser Aluminum, Extrudex Aluminum, Gulf Extrusions Co., Novelis, AMG Advanced Metallurgical Group, and Hindalco Industries Ltd.

    Aluminum Extrusion Market Trends

    Increase in demand for lightweight and durable extruded products to boost market growth

    The aluminum extrusion market has been driven by the increasing demand for lightweight and durable extruded products. Aluminum extrusions are widely used in a variety of industries, including construction, automotive, aerospace, electronics, and consumer goods, among others. One of the main advantages of aluminum extrusions is their lightweight nature. Aluminum has a high strength-to-weight ratio, making it an ideal material for applications where weight reduction is a critical factor, such as in the automotive and aerospace industries.

    Additionally, aluminum is highly durable and corrosion-resistant, which makes it an attractive choice for products that need to withstand harsh environments or extreme weather conditions.

    Another advantage of aluminum extrusions is their versatility. The extrusion process allows for the creation of complex shapes and designs, which can be used to meet the specific needs of different industries and applications. Furthermore, aluminum extrusions can be easily machined, fabricated, and welded, which makes them easy to work with and adapt to different requirements. As a result of these benefits, the demand for aluminum extrusions has been increasing steadily in recent years, driving the growth of the aluminum extrusion market.

    Therefore, such factors related to Aluminum Extrusion have enhanced the Aluminum Extrusion market CAGR across the globe in recent years.

    The Global Aluminum Extrusion Market is poised for growth, driven by increasing demand across various sectors, including automotive and construction, which underscores the material's versatility and sustainability.

    U.S. Department of Commerce

    Aluminum Extrusion Market Drivers

    Market Growth Projections

    The Global Aluminum Extrusion Market Industry is poised for substantial growth, with projections indicating a market value of 90.8 USD Billion in 2024 and an anticipated increase to 216.0 USD Billion by 2035. This represents a compound annual growth rate of 8.2% from 2025 to 2035, highlighting the robust demand across various sectors. The growth trajectory is supported by rising applications in automotive, construction, and consumer goods, where aluminum extrusions are favored for their lightweight and durable properties. As industries continue to innovate and expand, the market is likely to witness significant advancements and opportunities.

    Growing Construction Activities

    The Global Aluminum Extrusion Market Industry is benefiting from the growing construction activities worldwide. As urbanization accelerates, the demand for residential and commercial buildings is on the rise, leading to an increased need for aluminum extrusions in window frames, facades, and structural components. The lightweight nature of aluminum, combined with its aesthetic appeal, makes it a preferred choice for architects and builders. This trend is likely to bolster the market, as construction projects increasingly incorporate aluminum solutions to meet design and sustainability standards. The ongoing construction boom suggests a sustained demand for aluminum extrusions, further propelling market growth.

    Rising Demand in Automotive Sector

    The Global Aluminum Extrusion Market Industry is experiencing a notable surge in demand from the automotive sector, driven by the industry's shift towards lightweight materials to enhance fuel efficiency and reduce emissions. In 2024, the market is projected to reach 90.8 USD Billion, with aluminum extrusions being favored for their strength-to-weight ratio. Major automotive manufacturers are increasingly utilizing aluminum components in vehicle production, which not only improves performance but also aligns with global sustainability goals. This trend suggests that the automotive sector will continue to be a pivotal driver for the Global Aluminum Extrusion Market, potentially leading to increased market share in the coming years.

    Infrastructure Development Initiatives

    Infrastructure development initiatives across various regions are significantly influencing the Global Aluminum Extrusion Market Industry. Governments are investing heavily in infrastructure projects, including bridges, railways, and buildings, which require durable and lightweight materials. Aluminum extrusions are particularly advantageous due to their corrosion resistance and design flexibility. As countries prioritize modernization and sustainability in infrastructure, the demand for aluminum extrusions is expected to rise. This trend indicates a robust growth trajectory for the market, with projections suggesting a compound annual growth rate of 8.2% from 2025 to 2035, further solidifying aluminum's role in future infrastructure projects.

    Technological Advancements in Manufacturing

    Technological advancements in manufacturing processes are reshaping the Global Aluminum Extrusion Market Industry. Innovations such as 3D printing and automated extrusion techniques are enhancing production efficiency and reducing costs. These advancements allow for more complex designs and improved quality control, making aluminum extrusions more appealing to various industries. As manufacturers adopt these technologies, they are likely to increase their output and meet the growing demand for customized aluminum products. This shift may contribute to the market's expansion, with forecasts indicating a potential market value of 216.0 USD Billion by 2035, reflecting the impact of technological progress on production capabilities.

    Environmental Regulations and Sustainability Trends

    Environmental regulations and sustainability trends are becoming critical drivers for the Global Aluminum Extrusion Market Industry. As governments worldwide implement stricter regulations to curb carbon emissions, industries are compelled to adopt more sustainable practices. Aluminum, being recyclable and energy-efficient, aligns well with these environmental goals. Companies are increasingly seeking aluminum extrusions as a viable alternative to traditional materials, which may lead to a shift in material preferences across various sectors. This growing emphasis on sustainability is likely to enhance the market's appeal, as industries strive to meet regulatory requirements and consumer expectations for eco-friendly products.

    Market Segment Insights

    Aluminum Extrusion Type Insights

    The Aluminum Extrusion Market segmentation, based on type, includes Mill finished, Anodized, and Powder coated. The Mill finished segment held the majority share in 2022 of the Aluminum Extrusion Market revenue. Mill finished aluminum extrusions refer to aluminum profiles that have undergone the extrusion process but have not received any additional surface treatment or finishing. This type of finish is often used for applications where the appearance of the aluminum is not critical, such as in structural or industrial applications. Mill finished aluminum extrusions are also the most cost-effective option, making them a popular choice for large-volume orders.

    Aluminum Extrusion Alloy Type Insights

    The Aluminum Extrusion Market segmentation, based on alloy type, includes 2000 Series Aluminum, 3000 Series Aluminum, 5000 Series Aluminum, 6000 Series Aluminum, and 7000 Series Aluminum. The 6000 Series Aluminum segment held the majority share in 2022. The 6000 series aluminum alloy is the most widely used alloy type in the aluminum extrusion market. This series of aluminum alloys is characterized by its excellent combination of strength, formability, and corrosion resistance, making it a versatile choice for a wide range of applications, including construction, automotive, and consumer goods.

    Aluminum Extrusion Application Insights

    Based on application, the Aluminum Extrusion Market segmentation includes Building and Construction, Automotive and Transportation, Electrical and Electronics, Consumer Goods, and Machinery. The Building and Construction segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2023-2030. Aluminum extrusions are widely used in the building and construction industry for various applications such as window and door frames, curtain walls, roofing, and structural framing, among others.

    The lightweight nature and high strength-to-weight ratio of aluminum make it a popular choice in the construction industry as it reduces the weight and enhances the durability of the structures. Moreover, aluminum extrusions are also corrosion-resistant, making them ideal for use in buildings and structures located in coastal areas. These all factors for Aluminum Extrusion positively impact the market growth.

    Get more detailed insights about Aluminum Extrusion Market Research Report—Global Forecast till 2032

    Regional Insights

    By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific region is a major producer and consumer of aluminum extrusions, with China being the largest producer of aluminum extrusions in the world. The rapid growth of the construction and automotive industries in the region, coupled with the increasing demand for lightweight and high-strength materials, has been a key driver of the growth of the aluminum extrusion market in Asia-Pacific.

    The increasing urbanization and population growth in countries such as China and India have also led to a surge in demand for construction materials, including aluminum extrusions. In addition, the growing adoption of electric vehicles in the region is driving the demand for lightweight aluminum extrusions in the automotive industry.

    Further, the major countries studied in the market report are The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil

    Figure 3: ALUMINUM EXTRUSION MARKET SHARE BY REGION 2022 (%)ALUMINUM EXTRUSION MARKET SHARE BY REGIONSource: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    Europe’s Aluminum Extrusion market accounts for the second-largest market share. The increasing demand for sustainable and energy-efficient building materials. Aluminum extrusions are widely used in the construction industry for applications such as window and door frames, curtain walls, and roofing, among others. The lightweight and durable nature of aluminum makes it an ideal material for use in sustainable building designs. Additionally, the use of aluminum extrusions in the construction industry can help reduce the carbon footprint of buildings by decreasing the energy required for heating and cooling.

    Further, the Germany Aluminum Extrusion market held the largest market share, and the UK Aluminum Extrusion market was the fastest-growing market in the European region.

    North America, Aluminum Extrusion market, is expected to grow at the fastest CAGR from 2023 to 2030. The growth of the aluminum extrusion market in North America is driven by various factors, including the increasing demand for lightweight and fuel-efficient vehicles in the automotive industry, the growing trend toward sustainable and energy-efficient construction, and the increasing demand for aluminum extrusions in the electrical and electronics industry. In recent years, there has been a growing focus on sustainable construction practices in North America, which has led to an increased demand for aluminum extrusions in the construction industry.

    Additionally, the growing adoption of electric and hybrid vehicles in the region is driving the demand for lightweight aluminum extrusions in the automotive industry. Moreover, the U.S. Aluminum Extrusion market held the largest market share, and the Canada Aluminum Extrusion market was the fastest-growing market in the North American region.

    Key Players and Competitive Insights

    Major market players are spending a lot of money on R&D to increase their product lines, which will help the Aluminum Extrusion market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Aluminum Extrusion industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

    The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth for Aluminum Extrusion. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their global presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Aluminum Extrusion industry must offer affordable products.

    Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the global Aluminum Extrusion industry to benefit customers and expand the market sector. Major Aluminum Extrusion market players, including UAJC Corporation, Constellium, Norsk Hydro ASA, China Zhongwang Holding Limited, Kaiser Aluminum, Extrudex Aluminum, Gulf Extrusions Co., Novelis, AMG Advanced Metallurgical Group, and Hindalco Industries Ltd., and others, are attempting to increase market demand by funding R&D initiatives.

    Constellium is a global leader in the manufacturing of innovative and high-value-added aluminum products and solutions for a wide range of industries, including aerospace, automotive, packaging, and industrial applications. Constellium operates in three business units: Aerospace and Transportation, Automotive Structures and Industry, and Packaging and Rolled Products. Its products include aluminum extrusions, sheets, plates, and coils, as well as specialty products such as hard and soft alloys, automotive structures, and aerospace components.

    Norsk Hydro is a Norwegian-based company that is one of the world's largest producers of aluminum, with operations spanning the entire value chain from bauxite extraction to the production of finished aluminum products. Norsk Hydro operates in four business areas: Bauxite & Alumina, Primary Metal, Rolled Products, and Extruded Solutions. The Bauxite & Alumina division is responsible for extracting bauxite and producing alumina, the raw materials used in aluminum production.

    The Primary Metal division produces and processes primary aluminum, while the Rolled Products and Extruded Solutions divisions specialize in producing aluminum products and solutions for various industries such as building and construction, automotive, and packaging.

    Key Companies in the Aluminum Extrusion Market market include

    Industry Developments

    January 2024: Jindal Aluminium prides itself on being the largest Aluminium extrusion company in India. It has now additionally opened up a new division of fabrication. As the fabrication segment also has in-house tools, it is another value addition after Jindal Aluminium’s recently started environment friendly powder coating unit. The core strength of the fabrication unit comprises the combination of state-of-the-art machines and equipment with a highly skilled workforce of over ten years experienced operators in cutting, punching and four-axis machining. Its goal is to provide solutions for problems related to engineered aluminium fabrication.

    The company’s four axis machining center is capable of performing operations like drilling, slot milling, angle drilling, tapping, pocket milling and grooving. FOM Industries Mirage 600, Mirage 350, and Panda 400 – automated sawing machines ensure efficiency, precision, and high speed to achieve the required level of cutting operation.

    December 2024: Following complaints by Thai producers on the negative effects of imports, the Department of Foreign Trade has started an anti-dumping investigation on extruded aluminium from China. Worried that cheap imports will be dumped into the local market as well as significantly infringe competition strength, the Minister of Commerce who is also the acting Prime Minister Phumtham Wechayachai has taken steps. The Ministry of Commerce has already resorted to measures like placing Anti-Dumping duties and Quantitative restrictions on some imports. These duties are on steel products importation from China, Taiwan, Japan, E.U and South Korea and Vietnam.

    The anti-dumping and Subsidy Committee within the Ministry of Commerce has accordingly acted upon the verbal service request by the Thai producers and initiated a 9 month investigation on extruded aluminum from China. If dumping occurs, additional duties will be levied for the next five years. If the injury continues, the time for application of the measure may be extended for another five years.

    Future Outlook

    Aluminum Extrusion Market Future Outlook

    The Global Aluminum Extrusion Market is projected to grow at an 8.2% CAGR from 2024 to 2035, driven by increasing demand in automotive, construction, and aerospace sectors.

    New opportunities lie in:

    • Invest in advanced extrusion technologies to enhance product customization and efficiency.
    • Expand into emerging markets with tailored solutions for local industries.
    • Develop sustainable aluminum products to meet rising environmental regulations and consumer preferences.

    By 2035, the market is expected to achieve robust growth, solidifying its position as a leader in the materials sector.

    Market Segmentation

    Aluminum Extrusion Type Outlook

    • Mill finished
    • Anodized
    • Powder coated

    Aluminum Extrusion Regional Outlook

    • US
    • Canada

    Aluminum Extrusion Alloy Type Outlook

    • 2000 Series Aluminum
    • 3000 Series Aluminum
    • 5000 Series Aluminum
    • 6000 Series Aluminum
    • 7000 Series Aluminum

    Aluminum Extrusion Application Outlook

    • Building and Construction
    • Automotive and Transportation
    • Electrical and Electronics
    • Consumer Goods
    • Machinery

    Report Scope

    Report Attribute/Metric Details
    Market Size 2023 USD 83.9 Billion
    Market Size 2024 USD 90.77 Billion
    Market Size 2032 USD 170.53 Billion
    Compound Annual Growth Rate (CAGR) 8.20% (2024-2032)
    Base Year 2023
    Market Forecast Period 2024-2032
    Historical Data 2018 & 2020
    Market Forecast Units Value (USD Million)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Type, Alloy Type, Application, and Region
    Geographies Covered North America, Europe, Asia Pacific, and Rest of the World
    Countries Covered The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled UAJC Corporation, Constellium, Norsk Hydro ASA, China Zhongwang Holding Limited, Kaiser Aluminum, Extrudex Aluminum, Gulf Extrusions Co., Novelis, AMG Advanced Metallurgical Group, and Hindalco Industries Ltd
    Key Market Opportunities ·         Large use of aluminum in the automobile industry
    Key Market Dynamics ·         Economic expansion accelerated urbanization and expanding infrastructure projects

    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

    Leave a Comment

    FAQs

    How much is the Aluminum Extrusion market?

    The Aluminum Extrusion Market size was valued at USD 83.9 Billion in 2023.

    What is the growth rate of the Aluminum Extrusion market?

    The global market is projected to grow at a CAGR of 8.20% during the forecast period, 2024-2032.

    Which region held the largest market share in the Aluminum Extrusion market?

    Asia Pacific had the largest share in the Aluminum Extrusion Market.

    Who are the key players in the Aluminum Extrusion market?

    The key players in the market are UAJC Corporation, Constellium, Norsk Hydro ASA, China Zhongwang Holding Limited, Kaiser Aluminum, Extrudex Aluminum, Gulf Extrusions Co., Novelis, AMG Advanced Metallurgical Group, and Hindalco Industries Ltd.

    Who are the key players in global Aluminium Extrusion market?

    The key players in the market are UAJC Corporation, Constellium, Norsk Hydro ASA, China Zhongwang Holding Limited, Kaiser Aluminum, Extrudex Aluminum, Gulf Extrusions Co., Novelis, AMG Advanced Metallurgical Group, and Hindalco Industries Ltd.

    Which type led the Aluminum Extrusion market?

    The mill finished category dominated the market in 2023.

    Which application had the largest market share in the market?

    The building & construction had the largest share in the global market for Aluminum Extrusion.

    Aluminum Extrusion Market Research Report—Global Forecast till 2032 Infographic
    Free Sample Request

    Kindly complete the form below to receive a free sample of this Report

    Customer Stories

    “I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”

    Victoria Milne Founder
    Case Study
    Chemicals and Materials