Aluminium Extrusion Market by Product (Shapes, Rods & Bars, and Pipes & Tubes), End-Use Industry (Transport, Consumer Goods, Machinery & Equipment, Construction, Foil and Packaging, Electrical Engineering, and Others)– Global Opportunity Analysis and Industry Forecast 2024-2030

Market Overview

The global Aluminium Extrusion Market size was valued at USD 76.66 billion in 2023 and is predicted to reach USD 100.33 billion by 2030 with a CAGR of 3.2% from 2024-2030. Aluminium extrusion is a manufacturing process where aluminium is heated and pushed through a die to create complex profiles and shapes. This process is widely employed across industries such as construction, automotive, and electronics. Aluminium's adaptable nature and its combination of being lightweight and sturdy make it suitable for a wide range of applications including architectural structures and automotive components.

Market Dynamics and Trends

The surge in worldwide demand for renewable energy has become a major catalyst for the aluminium extrusion market. As the world increasingly seeks sustainable power solutions, the utilization of aluminium extrusions in manufacturing components for solar panels, wind turbines, and energy storage systems has gained significant momentum.

Recent figures from the International Energy Agency highlight a noteworthy uptick in global renewable power investments, rising from USD 596 billion in 2022 to USD 659 billion in 2023. This growth underscores a shift towards cleaner energy sources, propelling the need for aluminium extrusions.

Moreover, the growing utilization of extruded aluminium in the escalating global construction industry, which utilizes aluminium for its lightweight, durable, and corrosion-resistant properties, is finding suitability in diverse applications such as framing, roofing, cladding, and windows.

As per the data provided by National Action Plans on Business and Human Rights, the global construction industry spending has reached USD 10.5 trillion by 2023, with the largest segment being residential construction. This trend is boosting the demand for the aluminium extrusion globally. 

However, the relatively high initial setup costs associated with establishing aluminium z extrusion facilities, may deter new market entrants and limit expansion opportunities, which restrains the aluminium extrusion market growth. On the contrary, the integration of advanced nanomaterials into extruded aluminium products to enhance the product’s strength, conductivity, and other properties, is expected to drive the aluminium extrusion market in coming years. This innovation is expected to unlock new applications in industries such as electronics, renewable energy, and transportation, driving significant market expansion.

Market Segmentations and Scope of the Study

The aluminium extrusion market share is segmented on the basis of product, end-use industry, and region. On the basis of product, the market is segmented into shapes, rods & bars, and pipes & tubes. On the basis of the end-use industry, the market is classified into transport, consumer goods, machinery & equipment, construction, foil and packaging, electrical engineering, and others. The regional breakdown includes regions such as North America, Europe, Asia-Pacific, and the Rest of the World (RoW).

Geographical Analysis

Asia Pacific holds the dominant share of the aluminium extrusion market and is expected to continue its dominance during the forecast period. The dominance is being significantly driven by the increasing adoption of extruded aluminium in the chemical industry in China.

This adoption stems from the need for lightweight yet durable components that are highly resistant to corrosion, making them particularly well-suited for environments where chemical exposure is prevalent.

China's dominance in the global chemical industry is a key factor contributing to this growth. The country's relentless focus on research and development, extensive infrastructure development, and continuous technological advancements within the chemical sector have solidified its position as a global leader.

As per the data from the European Chemical Industry Council in 2023, China commands over 40% of global chemical production and sales, amounting to approximately sales of USD 2,641 billion, further bolstering the demand for extruded aluminium.

Moreover, the burgeoning consumer electronics industry in the region, particularly in countries like China, India, and Japan, is driving increased demand for extruded aluminium in the region.

Aluminium extrusion plays a crucial role in crafting lightweight casings, frames, and components for devices such as smartphones, laptops, and tablets, offering versatility in design and efficient heat dispersion.

According to data provided by the Chinese Ministry of Industry and Information Technology in 2022, China leads the global production and sales of consumer electronics. The country's enhanced innovation capabilities and brand-building capacity have propelled its dominance in the global consumer electronics industry, consequently fueling the growth of the aluminium extrusion market in the region.

On the other hand, in the North American region, the aluminium extrusion market is steadily growing, fueled by the growing adoption of extruded aluminium shapes in the automotive industry. As reported by the Aluminium Extruders Council in 2023, the adoption of extruded aluminium shapes in light vehicles within North America has experienced notable growth over the past decade. The data indicates that the usage has more than doubled during this period, now exceeding 50 pounds per vehicle.

Moreover, Mexico is one of the fastest growing regions in the automotive industry owing to the rapid technological advancements among the automotive manufacturers. According to the  data provided by INEGI, domestic sales of new light vehicles in 2023 reached more than 1.36 million units, representing a significant increase of 24.4% compared to the 1.1 million units sold in 2022.

The growth of the automotive sector in the region is enhancing the demand for extruded aluminium for manufacturing lightweight structural components such as body frames and chassis parts for enhancing automotive performance.

Also, an influential factor propelling the growth of the aluminium extrusion market in North America is the substantial increase in government investment in public infrastructure projects. These initiatives heavily rely on extruded aluminium for manufacturing durable and corrosion-resistant components, including light poles and bridges, among others.

The U.S. government launched the Infrastructure Investment and Jobs Act (IIJA) in November 2021, initiating a significant funding, totaling USD 1.2 trillion into public infrastructure investments. By August 2023, the government reported substantial progress in the implementation of the IIJA, with more than USD 280 billion already allocated to nearly seven thousand projects.

Notably, a significant portion of this funding, about USD 120 billion, has been directed towards highway projects, wherein aluminium extrusions play a crucial role in constructing durable and sustainable infrastructure.

Competitive Landscape

Various market players operating in the aluminium extrusion industry include Norsk Hydro ASA, China Zhongwang Holdings Limited, Arconic Corporation, Bahrain Aluminium Extrusion Company (BALEXO), Constellium N.V., Gulf Extrusions Co. LLC, Hindalco Industries Ltd., Kaiser Aluminium, Kymera International, and UAJC Corporation. These manufacturers continue to adopt various market development strategies including partnership agreements and acquisitions to maintain their dominance in the aluminium extrusion market.

Also, in September 2023, Hindalco Industries Ltd. and Metra SpA, a manufacturer of sheet metalwork products, entered into a partnership agreement to build aluminium rail coaches in India. The partnership aims to bring world-class technology to India by combining Hindalco's vast experience in aluminium manufacturing and Metra's cutting-edge know-how in aluminium extrusion, machining, and welding.

Additionally, in December 2022, Norsk Hydro ASA, a leading aluminium extrusion company, acquired Hueck's building systems and extrusion business in Germany. This acquisition strengthens Hydro's presence in Germany and other European markets, enhancing its ability to provide quality services to European customers with an expanded product range.

Key Benefits

• The report provides quantitative analysis and estimations of the aluminium extrusion market from 2024 to 2030, which assists in identifying the prevailing market opportunities.

• The study comprises a deep-dive analysis of the current and future aluminium extrusion market trends to depict prevalent investment pockets in the market.

• Information related to key drivers, restraints, and opportunities and their impact on the aluminium extrusion market is provided in the report. 

• A competitive analysis of the players, along with their market share is provided in the report.

• SWOT analysis and Porter's Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of the roles of stakeholders

Aluminium Extrusion Market Key Segments

By Product 

• Shapes

• Rods & Bars

• Pipes & Tubes

By End-Use Industry 

• Transport

• Consumer Goods

• Machinery & Equipment

• Construction

• Foil and Packaging

• Electrical Engineering

• Others

By Region

• North America

  • The U.S.

  • Canada

  • Mexico

• Europe

  • The UK

  • Germany

  • France    

  • Italy

  • Spain

  • Denmark

  • Netherlands

  • Finland

  • Sweden

  • Norway

  • Russia

  • Rest of Europe

• Asia-Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Vietnam

  • Taiwan

  • Thailand

  • Rest of Asia-Pacific

• RoW

  • Latin America

  • Middle East

  • Africa

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