Aluminum-Extruded Products Market Research Report - Forecast to 2027

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) - Forecast till 2027

ID: MRFR/CnM/2227-CR | February 2021 | Region: Global | 201 pages

Aluminum Extruded Products Market Overview

Market Research Future (MRFR) assessed the Aluminum Extruded Products Market 2020 till the review period 2025. As per MRFR findings, the aluminum extruded market can rise at 6.5% CAGR by 2025. The 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 sudden and unexpected outbreak of the COVID-19 pandemic is emitting a majority of unprecedented impact on the world, and is further, impacting the industrial production and manufacturing ability of the global aluminum-extruded products market on a large scale. The aluminum-extruded products and the propelling industry is observed to face losses due to the disruption caused by the pandemic. The top-notch end-use industries that are working as a part of the product market are also facing a time of crisis that has been imposed by the pandemic. The decline in the demand for the metal is hampering production due to the major drop in demand that is backed by the lack of workforce and skilled labor because of the widespread lockdown imposed. These issues have given rise to a critical influence on the market. The arrival of the pandemic for the aluminum-extruded products is inclusive of several issues that the market is face and encounter, with cost-effective solutions.


The rising innovation with the help of rising investments and funds is likely to help the market grow and help the target audience choose better, fresh, and innovative market products during the forecast period of 2021-2028.


Competitive Landscape


The aluminum-extruded products market growth is soaring high and giving rise to global market competition between 2021-2028. The market is witnessing the prominence of the following global companies:



  • Hindalco Industries Limited (India)

  • Balexco BAHRAIN ALUMINIUM EXTRUSION COMPANY

  • Century Extrusions Limited (India)

  • QALEX (Qatar)

  • Bonnell Aluminium (US)

  • Banco Aluminium Ltd

  • Constellium (The Netherlands)

  • ETEM GROUP

  • TALCO (India)

  • Gulf Extrusions Co. LLC (UAE)

  • China Hongquiao Group Limited (China)

  • Zahit Aluminium

  • Sainty Industry Co., Ltd

  • Alcoa Inc. (U.S.)


Market Dynamics


Drivers


The growing degree of demand for aluminum in the construction sector is likely to support the market expansion during the forecast period of 2021-2028. The high degree of consumption of aluminum-extruded products in the expanding construction infrastructure and sector can have the potential to support the global expansion of the market. There has been a rising demand for these products in the automobile sector and market domain as well that can also favor expansion of the market in upcoming years of the forecast period.


Restraints


However, the lack of resolution of environmental and occupational hazards that are associated with the processes of mining of bauxite for the process involving aluminum extraction can restrain the aluminum-extruded products market growth predicted for the forecast period by the industry experts and market leaders. Moreover, the rising defects in the extruded products during the manufacturing and production are impacting the overall operational costs that are likely to pose major challenges to the market growth during the forecast period.


Technology Analysis


The rising investments in technology for the aluminum-extruded products market revenue is likely to help the market with excellent results during the forecast period. The market is witnessing the growing popularity of electric vehicles in the global market that is likely to boost the growth opportunities for the forecast period of 2021-2028. Technology is being coupled up with the market manufacturing and production processes that will have a positive impact on the market. Also, the increasing demand for electric vehicles is understood to require a high degree of aluminum-extruded products can present the market with favorable opportunities during the forecast period that will be ending in 2028.


Study Objectives



  • The aluminum-extruded products market report helps in understanding the global functioning of the market followed by the dynamics like growth opportunities and drivers that will help in the functioning of the market in the forecast period. The report also understands the challenges that might restrain the market from growing.

  • The market report highlights the functioning of the market followed by the basis on which the global market is segmented and functioning to meet the rising needs of the target audience in various locations.

  • The aluminum-extruded products market report helps in drawing a global market competition based on the functioning of the markets and the expansion of the market size of different players across the globe during the forecast period ending in 2028.


Segment Overview


The aluminum-extruded products market share has been enhancing on a global scale as the performance of the market segments has been exceptional during the ongoing forecast period of 2021-2028. The global aluminum-extruded products market segments are as follows:


By Product Type:


The aluminum-extruded products market includes products like mill-finished, powder-coated, and anodized types.


By End-use Industry:


The aluminum-extruded products market is helpful for the functioning of industries like Construction, Automotive, Electric and electronics, Machinery & equipment, Mass transport, and others like energy, telecom, and consumer durables.


By Alloy Type:


The global market makes use of various kinds of alloys like 1000 series aluminum, 2000 series aluminum alloy, 3000 series aluminum alloy, 5000 series aluminum alloy, 6000 series aluminum alloy, and 7000 series aluminum alloy.


Regional Analysis


The aluminum-extruded products market size in the APAC region is expected to acquire a 63% share in the global market during the forecast period. The market segment can experience a surge at 7% CAGR by the end of the forecast period in 2028. The increasing constructional development across countries like China, Indonesia, and India among other APAC regions can boost the regional market expansion. The expansion of the automotive industry infrastructure is experiencing demand from high consumers of aluminum-extruded products that can add to the APAC market expansion rate for the period ending in 2028.

Recent Developments


  • October 2021: Korea Aerospace Industries (KAI) declared that through the Aircraft Material Development Association, which includes more than 20 enterprises, it will speed the localization of sophisticated aircraft materials. A total of 35 materials have been localized as part of a localization initiative, including 20 aircraft materials such as aluminum extruded panels, titanium rolled materials, and powders, and 15 mechanical, electrical, and pipe products.

  • October 2021: LBC Credit Partners, one of the leading providers of financing solutions to middle market companies, provided a senior secured credit facility to support the acquisition of Profile Custom Extrusions, LLC, a U.S. manufacturer of custom extruded aluminum profiles and related value-added services including painting, anodizing, thermal break and precision cutting.

  • 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.

  • In September 2018, Hydro Extruded Solutions expanded its manufacturing capacity by building a 96,000-square-foot facility adjacent to its existing plant in Cressona, US.

  • In September 2018, Hindalco invested USD 559.3 million to set up India’s largest aluminum extrusion and recycling plant in Gujarat.


Intended Audience



  • Aluminum-extruded products traders and manufacturers

  • OEMs

  • Manufacturing and production organizations

  • Automotive manufacturers and suppliers

  • Construction companies and organizations


Report Overview


The aluminum-extruded products industry report conducts a huge and in-depth market analysis that will help in predicting the growth scale for the market during the forecast period of 2021-2028. The market report studies the market with the following market aspects:



  • Market Overview

  • COVID 19 Analysis

  • Market Dynamics

  • Technology Analysis

  • Study Objectives

  • Segment Overview

  • Regional Analysis

  • Competitive Landscape

  • Recent Developments


The market report discusses the market functioning in the form of segments that will help in increasing the market revenue and the development of a reliable and satisfying target audience. The report covers the factors that give birth to global market competition and the recent developments of the prominent market players, as a part of the global aluminum-extruded products. The report also discusses the impact of the pandemic outbreak on the market functioning during the forecast period.



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2025: USD 68.5 Billion
  • 2027: Significant value
  •   CAGR   6.5%(2019–2025)
      Base Year   2019
      Forecast Period   2020-2027
      Historical Data   2018
      Forecast Units   Value (USD Billion)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   By Product Type, Alloy Type, End-Use Industry and Region
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   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
      Key Market Opportunities   Growing Popularity of Electric Vehicle to Boost Growth Opportunities
      Key Market Drivers   Growing Demand for Aluminum in Constriction Sector to Support Market Expansion


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    Frequently Asked Questions (FAQ) :


    Aluminium-extruded products market projected to grow at a 6.5% CAGR between 2019-2025.

    Aluminium-extruded products market is predicted to touch USD 68.5 billion by 2025.

    The Asia Pacific is expected to lead the aluminium-extruded products market.

    The construction segment will have the largest share in the aluminium-extruded products market.

    The mill-finished segment will lead the aluminium-extruded products market.