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.