Market Scope & Overview Report 2023 : Aluminum Extrusion is a manufacturing process that involves shaping aluminum alloy into specific profiles by forcing it through a die. It is a highly versatile and widely used technique in various industries due to its numerous advantages.

Market Analysis

The automotive and transportation sector is undergoing a significant transformation, driven by advancements in technology and a growing emphasis on sustainability. One notable trend is the increasing use of aluminum in both internal combustion vehicles and electric vehicles (EVs). This shift towards aluminum is poised to have a positive impact on the aluminum extrusion market, driving its growth over the forecast period. With the rapid growth of the electric vehicle market, aluminum extrusions play a crucial role in thermal management. Electric vehicles generate heat from various sources, including battery systems, power electronics, and electric motors. Aluminum’s excellent thermal conductivity allows it to efficiently dissipate heat and maintain optimal operating temperatures, thus enhancing the performance and longevity of EV components.

The Aluminum Extrusion market had a valuation of USD 87.91 billion in 2022 and is projected to attain USD 138.02 billion by 2030, displaying a compound annual growth rate (CAGR) of 5.8% during the forecast period from 2023 to 2030, as stated by SNS Insider.

Impact of Recession

A recession can have significant implications for the market. Decreased consumer demand, reduced investment, production cutbacks, and volatile raw material prices are some of the challenges that the industry may face during an economic downturn. However, by identifying emerging market trends and diversifying their customer base, aluminum extrusion manufacturers can position themselves for long-term success, even in challenging economic conditions.

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The Major Key Company Profiles included in Aluminum Extrusion market study are:

• BRT Extrusions, Inc.
• Constellium
• Kaiser Aluminum
• Hulamin LtdChina
• Zhongwang Holding Limited
• National Material L.P.
• Extrudex Aluminum
• AMG Advanced Metallurgical Group
• Hindalco Industries Ltd.
• SMS Schimmer
• Allegheny Technologies Inc
• Gulf Extrusions Co. LLC
• UAJC Corporation
• Norsk Hydro ASA
• International Extrusion Corporation
• American Aluminum Extrusion LLC & Others

Segmentation Analysis

The aluminum extrusion market is witnessing rapid growth, with the mill-finished segment and building & construction segment positioned as key drivers of this expansion. The cost-effectiveness, versatility, and sustainability of mill-finished extrusions make them a popular choice across diverse industries. Meanwhile, the building and construction segment capitalizes on the lightweight, durable, and energy-efficient properties of aluminum extrusions to shape modern architectural landscapes.

The Aluminum Extrusion Market Segments and Sub-Segments are Listed Below:

By Product Type

• Mill-finished
• Anodized
• Powder-coated

By Alloy Type

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

By Application

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

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Regional Status & Analysis

The Asia Pacific region has emerged as a dominant force in the global aluminum extrusion market, securing the largest revenue share. This commanding position is expected to be maintained throughout the forecast years, primarily due to the presence of major manufacturing sectors in countries such as China, India, Vietnam, Japan, and South Korea. One of the key factors driving the Asia Pacific region’s dominance is its thriving manufacturing industry. China, in particular, stands out as a manufacturing powerhouse, boasting a vast industrial infrastructure and a robust supply chain. The country’s extensive use of aluminum extrusion in various sectors, including construction, automotive, and electronics, has propelled its dominance in the market.

Conclusion

The aluminum extrusion market is expected to witness significant growth in the future due to the increasing demand for lightweight and sustainable materials across various industries. The unique properties of aluminum, coupled with ongoing advancements in manufacturing technologies, position aluminum extrusions as a preferred choice for a wide range of applications.

Frequently Asked Questions/ Key Reasons to Purchase this Report

> What is the projected outlook for aluminum extrusion market growth?

Ans- The aluminum extrusion industry is anticipated to reach a significant milestone with an estimated value of USD 138.02 billion by the year 2030.

>What are the major factors influencing the aluminum extrusion market?

Ans- Increasing environmental regulations and a growing emphasis on sustainable manufacturing practices drive the demand for aluminum extrusions.

>Who are the leading players in the aluminum extrusion market?

Ans- BRT Extrusions, Inc., Kaiser Aluminum,  National Material L.P., AMG Advanced Metallurgical Group, SMS Schimmer, Allegheny Technologies Inc, UAJC Corporation, Norsk Hydro ASA, American Aluminum Extrusion LLC.

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Table of Contents – Major Key Points
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession on Major Economies
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Aluminum Extrusion Market Segment, By Product Type
9.Aluminum Extrusion Market Segment, By Alloy Type
10.Aluminum Extrusion Market Segment, By Application
11. Regional Analysis
12. Company Profile
13.Competitive Landscape
14. Conclusion

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