Press release
Aluminum Extrusion Market Destined to Reach 40 Million Metric Tons (CAGR of 3.8%) During 2023-2028
The global aluminum extrusion market size reached 30.8 Million Metric Tons in 2022. Looking forward, IMARC Group expects the market to reach 40 Million Metric Tons by 2028, exhibiting a growth rate (CAGR) of 3.8% during 2023-2028.
Aluminum extrusion is a highly versatile and widely used manufacturing process in which aluminum is forced through a shaped die to create cross-sectional profiles with consistent dimensions. The process begins with heating aluminum billets to a specific temperature, making them pliable for extrusion. The heated billet is then pushed through the die using a hydraulic press or ram, resulting in the desired shape. Aluminum extrusions can vary in complexity, ranging from simple bars and rods to intricate and complex profiles used in various industries. This process offers numerous benefits, making it a popular choice for manufacturers. Aluminum extrusions are lightweight, corrosion-resistant, and possess excellent thermal and electrical conductivity. Moreover, aluminum extrusions are easily recyclable, promoting sustainability and environmental responsibility. The ability to create complex shapes with a wide range of finishes and colors further adds to their appeal.
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Global Aluminum Extrusion Market Trends:
Significant growth in the construction and infrastructure sector is driving the global market. Aluminum extrusions find extensive applications in the construction industry, including in doors, windows, curtain walls, and structural frameworks. The lightweight, corrosion-resistant, and durable properties of aluminum make it an ideal material for modern architecture, augmenting the demand for aluminum extruded products. Additionally, the automotive industry has been a significant contributor to the growth of the aluminum extrusion market. Automakers are increasingly incorporating lightweight materials, such as aluminum to enhance fuel efficiency and reduce emissions.
Aluminum extrusions are used in car frames, engine components, and other parts, making vehicles lighter and more fuel-efficient. The increase in renewable energy projects has also impacted the market positively. Aluminum extrusions are utilized in solar panel frames, wind turbine components, and other renewable energy infrastructure, driving the demand from the renewable energy sector.
Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/aluminium-extrusion-market
Key Market Segmentation:
Breakup by End-Use Industry:
• Building and Construction
• Transportation
• Machinery and Equipment
• Consumer Durables
• Electrical
• Others
Breakup by Product Type:
• Mill Finished
• Anodized
• Powder Coated
Breakup by Alloy Type:
• 1000 Series Aluminum Alloy
• 2000 Series Aluminum Alloy
• 3000 Series Aluminum Alloy
• 5000 Series Aluminum Alloy
• 6000 Series Aluminum Alloy
• 7000 Series Aluminum Alloy
Competitive Landscape:
The competitive landscape of the market has also been studied in the report with detailed profiles of the key players operating in the market.
Breakup by Region:
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company's expertise.
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