Aluminum Extruded Products Market: Information By Product Type (Mill-Finished, Anodized and Powder-Coated), By Alloy Type (6000 Series Aluminum Alloys, 7000 Series Aluminum Alloys), By End-Use (Construction, Automotive) - Global Forecast till 2027

Market Overview

Market Research Future (MRFR) assessed the Global Aluminum Extruded Products Market 2020 till the review period 2025. As per MRFR findings, the global aluminum extruded market can rise at 6.5% CAGR by 2025. The global aluminum extruded products market size can touch USD 68.5 Bn by 2025. Aluminum extrusion is the process that is used for creating parts that have specific cross-sectional profiles by pushing heated alloy through a die that allows shapes, such as; semi-hollow, solid, and hollow. These shapes can simple or complex.

COVID-19 Analysis

The COVID-19 pandemic is exhibiting unprecedented impact on the world, impacting industrial production on a global scale. Aluminum extruded products industry is also observed to face disruption due the pandemic disruption. Top-notch end-use industries that are functioning in the aluminum extruded products market are also facing crisis imposed by the pandemic. The decline in metal production due to drop in their demand and lack of workforce under the widespread lockdown have casted critical influence on the market. The COVID 19 assessment for the global aluminum extruded products market by MRFR details several issues that the market is expected to encounter, with effective solutions.

Market Dynamics

Drivers

Growing Demand for Aluminum in Constriction Sector to Support Market Expansion

The high consumption of aluminum extruded products in the expanding construction sector can support expansion of the market. The rise in demand for these products in the automobile domain can also favor expansion of the market in the years to come.  

Opportunities

Growing Popularity of Electric Vehicle to Boost Growth Opportunities

The increase in demand for electric vehicle that required high aluminum extruded products can favor the market.

Restraints

Issues with Occupation Hazards to Hinder Market Growth

The lack of resolution of environmental and occupational hazards associated with mining of bauxite for aluminum extraction can restrain the market growth. Moreover, defects in extruded products during production impacting the overall operational cost can pose challenge to the market.

Segment Overview

By Product Type

The mill-finished segment can secure about 40% share of the global market by 2025. The mill-finished segment can rise at a 5.5% CAGR over the review tenure. The rise in cognizance about multiple properties of cost-effectiveness and high strength of mill-finished products is creating its demand across construction and automotive industries. The exceptional performance of mill-finished products in low and high temperatures and humidity can also add to the market surge in the analysis tenure.

By Alloy Type

The 6000 series aluminum alloys segment can thrive in the global aluminum extruded products market. The segment can acquire about 42% share of the overall market. The 6000 series aluminum alloy segment can earn about USD 17.01 Bn by 2025. The expansion of this segment can thrive due to increase in awareness about versatility, high strength, and superior corrosion resistance properties of 6000 series alloy can add to the segment upsurge.

By End-Use

The construction segment can acquire about 44% share of the global market. The segment can thrive at 6.63% CAGR through the review years. Aluminum extruded products offer excellent soundproof and structural integrity at affordable price. The increase in awareness about these properties among reputed builders can cause expansion of the construction segment. The rise in utility of aluminum extruded products for new construction projects, residential, airports, and commercial buildings can aid to the segment rise.

Regional Analysis

APAC Market to Surge at 7% CAGR by 2025

The aluminum extruded products market in the Asia Pacific region can acquire 63% share of the global market. The segment can surge at a 7% CAGR by 2025. The increase in constructional development across China, Indonesia, and India among other APAC regions can boost the regional market upsurge. The expansion of the automotive industry, which is one of the high consumers of aluminum extruded products can add to APAC market expansion. The increase in investments for infrastructural development across developing economies can further drive regional market growth.

Europe Market to Gain Considerable Momentum

In Europe, the aluminum extruded product's market can secure about 15% share of the worldwide market. The market in EU can expand at 5.5% CAGR across the evaluation period. The enforcement of strict regulations on vehicular and greenhouse gas emissions can contribute to the rise of EU market. In addition, the growing demand for different commodities required as battery enclosures and structural components in electric vehicles can fuel the rise of the regional market.

Competitive Landscape

MRFR listed some of the well-established companies that are operating in the aluminum extruded products market. The competitive intelligence of the aluminum extruded product's market discusses financial analysis, product benchmarking, and market share analysis. Moreover, critical developments and strategic of the marketers are detailed, along with joint ventures, mergers & acquisitions, and product launches among others. Growth opportunities and contribution of these players to the regional expansion of the market are explained in the report.

List of Key Companies Covered in this Report

• Hydro Extruded Solutions (Norway)


• China Zhongwang Holdings Limited (China)


• Arconic (US)


• Hindalco Industries Limited (India)


• Constellium (The Netherlands)


• Century Extrusions Limited (India)


• QALEX (Qatar)


• Bonnell Aluminium (US)


• Gulf Extrusions Co. LLC (UAE)


• TALCO (India)


• Balexco BAHRAIN ALUMINIUM EXTRUSION COMPANY


• Zahit Aluminium


• ETEM GROUP


• Sainty Industry Co., Ltd


• Banco Aluminium Ltd

Recent Developments

• January 2021- Constellium, a manufacturer of extruded products, aluminium rolled products, and structural parts fabricated of a large variety of advanced alloys, and Groupe Renault, a multinational automobile manufacturer in French, entered into partnership for research and development in project for development of sustainable automotive aluminum solutions.


• January 2021- PMS Aluminium, a Turkish-based company in Bursa, selected Danieli Breda, a reputed extrusion and forging plants in Italy, to supply new, 40-MN, 10-in. front-loading extrusion press.

Report Overview

The report offers market estimates, analysis, and sizing for the smokeless tobacco market in detail through market segment analysis. The regional trends of the aluminum extruded products market and other technological developments are also detailed in the report.

By Product Type

• Mill-Finished


• Anodized


• Powder-Coated

By Alloy Type

• 6000 Series Aluminum Alloys


• 7000 Series Aluminum Alloys


• 5000 Series Aluminum Alloys


• 1000 Series Aluminum Alloys


• 2000 Series Aluminum Alloys


• 3000 Series Aluminum Alloys

By End-Use

• Construction


• Automotive


• Transportation & Logistics


• Electrical & Electronics


• Others

Frequently Asked Questions (FAQ) :

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