Aluminum Extrusion Market Growth, Industry Size-Share, Developments, Trends, Challenges, Forecast, Analysis by 2030 | Hindalco Industries, Jindal Aluminum Limited

The aluminum extrusion market is estimated for 2023 for the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Aluminum extrusion is a process used to shape aluminum into a wide variety of profiles and other products through a process involving heat and die shaping. Aluminum extrusions are used in window frames, doors, automobile parts, construction products and industrial machinery due to their high strength-to-weight ratio, corrosion resistance and recyclability.

Market Dynamics:

The aluminum extrusion market is witnessing high growth owing to rising demand from transportation industry and increasing construction activities across the globe. The transportation sector accounts for a major share of the overall aluminum extrusion market. Aluminum extrusions find wide application in automotive, aerospace and Rail industries due to light weight and corrosion resistance properties of aluminum. Additionally, growth in construction industry around the world is also fueling market growth. Rapid urbanization and increasing residential and commercial construction is expected to drive demand for aluminum extrusions in building and construction applications such as window frames, doors and solar panels over the forecast period.

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Top Companies Covered In This Report:

★ Hindalco Industries
★ Jindal Aluminum Limited
★ China Zhongwang Holdings Limited
★ Constellium N.V.
★ Hydro Extrusions
★ Arconic Inc.
★ Gulf Extrusions Co. (LLC)
★ TALCO Aluminium Company
★ Bahrain Aluminium Extrusion Co. (Balexco)
★ Zahit Aluminium and Qatar Aluminium Extrusion Company

*Disclaimer: Major Players are sorted in no particular order.

Detailed Segmentation:

By Product Type:

★ Shapes
★ Rods & Bars
★ Pipes & Tubes

By Product Finishing:

★ Mill Finished
★ Powder Coated
★ Anodized

By End-Use Industry:

★ Automotive
★ Machinery & Equipment
★ Building & Construction
★ Electrical & Energy
★ Others

Key Region/Countries are Classified as Follows:

◘ North America (United States, Canada, and Mexico)
◘ Europe (Germany, France, UK, Russia, and Italy)
◘ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
◘ South America (Brazil, Argentina, Colombia, etc.)
◘ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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Major Drivers of Increasing Demand for Lightweight Vehicles in the Aluminum Extrusion Market:

One of the primary market drivers for the aluminum extrusion market is the increasing demand for lightweight vehicles. Automakers are under increasing pressure to improve fuel efficiency and reduce emissions in response to tightening emission regulations around the world. Aluminum extrusions allow automakers to significantly reduce vehicle weight, which directly improves fuel efficiency. Some studies have shown that a 10% reduction in vehicle weight can lead to a 6-8% improvement in fuel efficiency. Aluminum is also around 30% lighter than steel, making it an attractive material for use in vehicle bodies, doors, hoods, and other components. Many major automakers are significantly increasing their use of aluminum extrusions in new vehicle designs, driving stronger demand in the aluminum extrusion market.

Increasing Cost Pressures From Volatility in Aluminum Prices Pose a Challenge:

While aluminum is lighter than steel, it also faces greater price volatility due to fluctuations in underlying commodity prices. Aluminum is heavily influenced by changes in power prices around the world since aluminum production is an energy-intensive process. Geopolitical tensions and supply disruptions can also impact aluminum supply and prices. For automakers and other manufacturers, not knowing the long-term cost of aluminum makes it difficult to fully realize the benefits of lightweighting. Price spikes in aluminum raw material costs can erode profitability for extruders and discourage greater adoption of aluminum parts. The volatility in aluminum prices presents a challenge and risk that acts as a restrain on the growth potential of the aluminum extrusion market.

Emerging Opportunities in the Electric Vehicle Market:

One of the most significant opportunities for aluminum extrusion manufacturers is the rising electric vehicle (EV) market. As automakers rush to expand their EV lineups in response to tougher emissions rules and changing consumer preferences, aluminum is expected to see even stronger growth in vehicle production. EVs require large aluminum-intensive battery enclosures and must minimize overall vehicle weight to maximize range. Some studies estimate that aluminum content in EVs could be up to 100kg higher compared to internal combustion vehicles. As global EV sales continue to climb over the next decade, this emerging segment represents a major opportunity to offset slowing growth in conventional vehicles and sustain long-term momentum in the aluminum extrusion industry.

Growing Adoption of Digital Manufacturing Technologies:

Over the past decade, digital manufacturing technologies like 3D printing, robotics, and AI/machine learning have begun transforming industries around the world. The aluminum extrusion industry has also started embracing these technologies, and their adoption is expected to accelerate significantly over the next 5-10 years. Digital technologies can streamline and optimize extrusion processes to reduce waste, improve quality consistency, and customize small batch production more efficiently. They also enable manufacturers to connect physical operations with customers, facilitating remote monitoring, predictive maintenance, and data-driven decision making across the supply chain. The growing adoption of digital manufacturing opens up new possibilities to develop smart, connected factories and strengthen competitiveness in the aluminum extrusion market.

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Key Questions Answered in This Report on Aluminum Extrusion Market

• How much revenue will the global Aluminum Extrusion Market generate by the end of the forecast period?

• What regions currently contribute the maximum share to the overall global market?

• What are the indicators expected to drive the global Aluminum Extrusion Market?

• Which region is likely to be a lucrative market during the forecast period?

• What are the essential strategies incorporated by key stakeholders in the global Market to expand their geographical presence?

• What are the major advancements witnessed in the global Aluminum Extrusion Market?

• This report answers these questions and more about the global Market, aiding major stakeholders and key players in making the right decisions and strategizing for the advancement of their business.

Some of the Major Points of TOC cover:

Chapter 1: Techniques & Scope

1.1 Definition and forecast parameters
1.2 Methodology and forecast parameters
1.3 Information Sources

Chapter 2: Latest Trends Summary

2.1 Regional trends
2.2 Product trends
2.3 End-use trends
2.4 Business trends

Chapter 3: Aluminum Extrusion Market Insights

3.1 Market fragmentation
3.2 Market landscape
3.3 Vendor matrix
3.4 Technological and Innovative Landscape

Chapter 4: Aluminum Extrusion Market, By Region

Chapter 5: Company Profiles

5.1 Company Overview
5.2 Financial elements
5.3 Product Landscape
5.4 SWOT Analysis
5.5 Systematic Outlook

Chapter 6: Assumptions and Acronyms

Chapter 7: Research Methodology

Chapter 8: Contact (Continue . . .)

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About Us:

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This release was published on openPR.