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Aluminum Extruded Products Market Segmentation by Product Type (Anodized, Mill-Finished, and Powder Coated); by End-User (Transportation & Logistics, Building & Construction, Automotive, Electrical & Electronics, and Consumer Durables); and by Alloy Type (1000 Series, 2000 Series, 3000 Series, and 7000 Series Aluminum Alloy) – Global Demand Analysis & Opportunity Outlook 2031

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IN THE NEWS

  • February 2, 2022: Hydro completes the sale of the aluminum extrusion plant in India to Hindalco Industries. 

  • May 18, 2022: Morf3D and Constellium are collaborating on the additive manufacturing development program, for Aheadd CP1 aluminium powder.

Global Aluminum Extruded Products Market Highlights Over 2022 - 2031

The global aluminum extruded products market is estimated to garner a CAGR of ~4% over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed to the high demand for aluminum extruded products in the construction and automotive industry. Aluminum extrusion is the process of shaping aluminum to improve its tensile strength. Aluminum-extruded products are extremely light-weighted, and perform efficiently under extreme conditions such as humidity, heat, vibrations, and abrasions. The inherent characteristics of aluminum extruded products are flexibility, high strength, and surface coating qualities. On account of expanding construction industry, the global aluminum extruded products market is projected to witness growth over the forecast period. Furthermore, it is estimated that the construction industry would reach up to USD 15 trillion by 2030. Other than construction, there are various other domains where aluminum extruded products are used, such as, air conditioning, solar panels, defense, and textile. Moreover, aluminum extrusion is utilized in making light-weighted and strong structures and frames in the solar energy industry. According to the data released by International Energy Agency, the solar PV generation increased to 821 TWh (23%) in the year 2020 and is expected to reach up to 6970 TWh by 2030. On the back of the myriad of uses of aluminum extruded products, the global aluminum extruded products market is expected to grow significantly over the forecast period.

Aluminum Extruded Products Market

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The market is segmented by end-user into transportation & logistics, building & construction, automotive, electrical & electronics, and consumer durable. Out of which, the building & construction segment is anticipated to hold the largest share in the global aluminum extruded products market owing to the rising construction sector. Additionally, with rising urbanization, more houses are being made leading to an unprecedentedly growing construction sector.

Major Macro-Economic Indicators Impacting the Market Growth

Electricity Consumption (TWh), By Sector, 2018 & 2019

In 2019, the world’s total energy supply was 606EJ, wherein the highest share in terms of source was captured by oil, accounting for 30.9%, followed by coal (26.8%), natural gas (23.2%), biofuels and waste (9.4%), nuclear (5.0%), hydro (2.5%), and other (2.2%). Where there was an increase in energy demand in 2018, the year 2019 witnessed slow growth as the energy efficiency improved owing to decline in the demand for cooling and heating. However, in 2020, the electricity demand decreased by 1% due to the outbreak of Coronavirus resulting in government imposed shutdowns in order to limit the spread of the virus, which was further followed by shutdown of numerous business operations impacting their growth. This also resulted in decline of 5.8% in the worldwide CO2 emissions which was recorded to be five times larger than the one recorded during the global financial crisis in 2009. However, in 2021, the demand for oil, gas and coal is estimated to witness growth, which is further projected to create opportunities for market growth. Moreover, rising environment degradation and awareness related to climate change is motivating many key players to employ sustainable energy strategies and invest significantly in environment-friendly power generation technologies with an aim to promote sustainable development among various nations around the world. Such factors are anticipated to promote the growth of the market in upcoming years.

Global Aluminum Extruded Products Market Regional Synopsis

Regionally, the global aluminum extruded products market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in the Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of the flourishing housing and construction sector. The developing economies, such as India and China are spending huge budgets on infrastructural development. It is estimated that in 2020, the construction industry in China estimated to be valued at USD 1050 billion. Moreover, many of the largest solar power plants are located in China and India. The global aluminum extruded products market is also projected to grow over the forecast period, on the back of the growing number of solar power plants.

The global aluminum extruded products market is estimated to witness significant growth over the forecast period in the North America region on the back of flexible government guidelines in the region. Furthermore, the Aluminum Extruders Council is a trade association that is dedicated to advancing the effective use of aluminum extrusion in the North America region. On the back of remarkable practices followed by governments for facilitating trade, the global aluminum extruded products market is projected to grow over the forecast period.

Aluminum Extruded Products Market Share

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The global aluminum extruded products market is further classified on the basis of region as follows: 

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook 

  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook 

  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook 

  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook 

  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook 

Market Segmentation 

Our in-depth analysis of the global aluminum extruded products market includes the following segments:  

By Product Type 

  • Anodized
  • Mill-Finished
  • Powder Coated

By End-User  

  • Transportation & Logistic 
  • Building & Construction
  • Automotive
  • Electrical & Electronics
  • Consumer Durables

By Alloy Type

  • 1000 Series Aluminum Alloy
  • 2000 Series Aluminum Alloy
  • 3000 Series Aluminum Alloy
  • 7000 Series Aluminum Alloy

Growth Drivers  

  • Soaring Construction Sector across the Globe
  • Growing Number of Solar Power Plants

Challenges 

  • Lack of Awareness Regarding Extruded Products  

Top Featured Companies Dominating the Market 

  • Norsk Hydro ASA
    • Company Overview 
    • Business Strategy 
    • Key Product Offerings 
    • Financial Performance 
    • Key Performance Indicators 
    • Risk Analysis 
    • Recent Development 
    • Regional Presence 
    • SWOT Analysis 
  • China Zhongwang Holdings Limted
  • Arconic Corporation
  • Constellium SE
  • Century Extrusions Limited
  • Bonnell Aluminum
  • Gulf Extrusions Co. LLC
  • Talco Aluminium Company
  • Kaiser Aluminum Corporation
  • Qatar Aluminum Extrusion Company 

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