Key Market Insights

"Increasing demand from end-use industries driving the global market"

Large scale use of extruded aluminium products in the number of industries is impacting the growth of aluminium extrusion market on a global level. Aluminium extrusion is the process of melting and transforming aluminium alloy into objects with definitive cross-sectional profiles for a number of industrial as well as domestic uses. Extruded aluminium products such as bar, beam, rod, and angles are widely used in the building & construction industry, electrical industry for transmission and distribution of electricity and automotive industry, etc. among others. Advantageous properties of aluminium like malleability, conductivity and features like a low price, lightweight, recyclability, and availability of a number of alloys are further assisting the high demand for extruded aluminium products across the world.

Furthermore, industrial development in the Asia Pacific region coupled with rapid urbanization throughout the developing region of the world has a high requirement for extruded aluminium. Due to the low price of aluminium than steel, there is a growing demand for extruded aluminium, thereby; replacing conventional use of steel with aluminium. This trend has a high potential to impact the market in the long run.

Moreover, technological development in the extrusion process of aluminium is expected to further increase the demand for aluminium. For instance, in June 2019, Pacific Northwest National Laboratory demonstrated the advanced extrusion process that can produce high-performance, high-ductile al-alloy products in a single stage, thereby; eliminating the several stages required in the conventional process. The aluminium extruded from this process can be used in the automobile industry where high strength aluminium alloys used to be avoided due to the high cost incurred. In 2021, the global aluminium extrusion market was accounted for US$ 86.59 Bn and estimated to grow with a CAGR of 5.1% during the forecast period.

End-use Segment Analysis

"New trend of light & swift electric cars is driving the automotive segment at the fastest pace"

Aluminium extrusion is widely used in the building & construction industry owing to its high strength-to-weight ratio, making it the most cost-effective to manufacture, deliver and install compared to steel. Additionally, modern buildings with sustainable features have a high demand for extruded aluminium for energy-efficient buildings.

Moreover, with the revolution of electric & hybrid cars, manufacturers are opting for material that reduces vehicle weight thereby, increasing mileage and performance of the vehicle with less emission. Aluminium extrusion is the best material source available on a global scale with top quality products. Germany is one of the leading importers of aluminium extrusion, accounting over one million tons per year. Most of the imported material demand is from the automotive industry.

Regional Analysis

"Asia Pacific remain the largest market"

Asia Pacific region dominated the global market with a global share of around 60% in 2021. The growing requirement of extruded aluminium for infrastructure development in the developing regional countries such as China, India, and ASEAN countries have contributed majorly to the share. Further, the emerging automotive market of electric, hybrid and battery-powered vehicles in China has positively impacted the market growth in the region. Along with it, top aluminium extrusion companies located in the region include, CHINA ZHONGWANG HOLDINGS LIMITED Hindalco-Novelis, Jindal Aluminium Limited, TALCO ALUMINIUM COMPANY have further affected the market growth in the region. The solar energy market in China is booming rapidly. According to the World Economic Forum, China is expected to likely to propel market growth over the coming years accounting for nearly 40% of the world's solar panels by 2023.

Furthermore, in Europe, Germany has the highest demand for extruded aluminium, owing to the strong presence of the automotive industry. Whereas, demand in the North American region is driven by the building & construction industry.

"Emerging partnership trend is keeping the market competitive"

The overall aluminium extrusion market is fragmented and market players are focusing on partnership and acquisition with other players to boost their market position. Following is the list of companies covered in this report.

Key Industry Development: 

• In February 2020, Norsk Hydro ASA announced that its 15 aluminium production sites in Europe certified with Aluminium Stewardship Initiative (ASI) Performance Standard. With this certification, the company is nearing towards the goal of all its aluminium extrusion operations certified with ASI. It recognizes the company as responsible for production, sourcing, and stewardship of aluminium. This will impact the customers who prefer sustainable material from certified suppliers.
• In September 2017, China Zhongwang Holdings Limited acquired the controlling stakes in the Aluminiumwerk Unna AG, a German high-end aluminium extrusion provider to aircraft manufacturers. This acquisition enhances the company’s competitiveness and also optimized its product mix.
• In August 2017, China Zhongwang Holdings Limited announced that it was part of supplying aluminium extrusion products for the Renaissance, a Chinese bullet train. With this launch of a bullet train, the company has expanded its market reach.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Aluminium Extrusion market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Aluminium Extrusion market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Aluminium Extrusion market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Aluminium Extrusion market?
• Which is the largest regional market for Aluminium Extrusion market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Aluminium Extrusion market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Aluminium Extrusion market worldwide?