The Shaping of Aluminium Extrusion as an Industry

Published On: November 2022

The aluminum extrusion market includes a process where aluminum is forced through to create the desired shape. This process is often used to make aluminum parts for various automotive, aerospace, and construction industries. There are several benefits to using aluminum extrusion in this market. One of the most important is that it allows various shapes and sizes to be created, making it wanted by all industries. This means that parts can fit a specific need or application. Additionally, aluminum extrusion can be used to create pieces with various finishes, which can be necessary for aesthetic or functional purposes. Another benefit of the aluminum extrusion market is that the products it deals in are relatively low-cost processes. However, the aluminum extrusion market is on the rise, but some challenges still need to be addressed.
 
The aluminum extrusion market is growing due to the rising demand for aluminum products, particularly in the construction and automotive industries. However, the COVID-19 pandemic has significantly impacted the global aluminum extrusion market. The market witnessed a sharp decline in 2020 as a result of the pandemic.  This was due to the slowdown in economic activity and the reduction in construction activity due to the pandemic. The market, as expected, recovered in 2021 as the global economy began to recover from the pandemic.
 
The aluminum extrusion market size is projected to be worth USD 170 Billion by 2030, registering a CAGR of 8% during the forecast period (2023-2030).
 

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