Aluminum extrusion is a technique used to transform aluminum alloy into objects with a definitive cross-sectional profile for a wide range of uses. The extrusion process makes the most of aluminum’s unique combination of physical characteristics. Its malleability allows it to be easily machined and cast, and yet aluminum is one third the density and stiffness of steel so the resulting products offer strength and stability, particularly when alloyed with other metals.
The market for aluminum-extruded products is growing due to increase in demand from end-use industries such as construction, machinery & equipment, automotive, and mass transport. The growth of this market is fueled by the growth of its end-use industries. Along with the same, the rise in demand for sustainable & recyclable aluminum material has fueled the market for aluminum-extruded products. Emerging economies such as India, South Africa, Brazil, and oil-centric GCC (Gulf Cooperation Countries) possess a great potential for the aluminum-extruded products market.
Based on end-users, the automotive sector is expected to grow rapidly with the boom in the automotive industry and the increase in the use of Aluminum Extruded products by the automotive manufacturers. The increasing concern of the automobile users for greenhouse gas emissions is also contributing to the growth of the market. The growth of automotive sector in the Aluminum Extruded Products is also expected to be due to factors such as increasing emphasis on the lightweight cars and the introduction of various government initiatives for encouragement of foreign direct investments.
China presently accounts for more 40 per cent of the global market share. During the forecast period it is expected to grow at a rate of 8 per cent. The increase in industrial consumption of extruded aluminium will drive the market in China.
India is a fledgling market for aluminium extrusions. Current per capita consumption of aluminium extrusion here is amongst the lowest in the world. But the country holds immense potential. India’s infrastructure is undergoing a major overhaul. Smart cities are coming up; metro railway networks are being built across Tier 1 cities. And with the recent onslaughts of e-commerce, preferences of contemporary urban Indians are changing day in and day out. To keep pace with these changing socio-economic trends, core and ancillary industries such as aluminium extrusions are bringing out solutions that are global in their concepts, yet perfectly fitted for the local usage. It seems Indian aluminium makers are finally repositioning themselves in the global value chain. This was much needed given the cyclicality of aluminium business, capacity built-up from time to time, and price volatility. With the Central government betting big on ‘Make in India’, more aluminium extrusion manufacturers and suppliers are expected come on stream with the vision to grow through planned investment and strategic expansion.
Aluminium extrusion market worldwide is highly fragmented with only a handful of big players dominating the spectrum. Among the top aluminium extruders are the brands like Alcoa, Hindalco-Novelis, Hydro-Sapa, Gulf Extrusion, EGA, Constellium, and Kaiser Aluminum. With demand for aluminium extrusion products growing stronger, more manufacturers and suppliers are expected to join the league. For that to happen a more conducive international trade environment is needed where there will be fair competition and faster adoption of technology across the borders.
According to this study, over the next five years the Aluminum Extruded Products market will register a 5.7% CAGR in terms of revenue, the global market size will reach US$ 98300 million by 2024, from US$ 70500 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Aluminum Extruded Products business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Aluminum Extruded Products market by product type, application, key manufacturers and key regions and countries.
This study considers the Aluminum Extruded Products value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Mill-finished
Powder-coated
Anodized
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Construction
Automotive
Electrical & Electronics
Machinery & Equipment
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Sapa AS
Alcoa
Constellium
Hindalco Industries
Kaiser Aluminum
ALUPCO
Gulf Extrusions
TALCO
Aluminum Corporation of China
China Zhongwang
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Aluminum Extruded Products consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Aluminum Extruded Products market by identifying its various subsegments.
Focuses on the key global Aluminum Extruded Products manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Aluminum Extruded Products with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Aluminum Extruded Products submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Aluminum Extruded Products . Industry analysis & Market Report on Aluminum Extruded Products is a syndicated market report, published as Global Aluminum Extruded Products Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Aluminum Extruded Products market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.