Press release
Aluminum-Extruded Products Market 2024 Growth Statistics, Industry Forecast, Scope By 2033
Aluminum-Extruded Products Market
The Business Research Company presents an extensive market research report on the Aluminum-Extruded Products Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The aluminum-extruded products market size has grown strongly in recent years. It will grow from $43.89 billion in 2023 to $46.8 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to industrial revolution impact, aviation industry, architectural applications, automotive industry adoption, electrical industry utilization.
The aluminum-extruded products market size is expected to see strong growth in the next few years. It will grow to $60.05 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to recycling and circular economy, cost-effectiveness , energy efficiency standards , supply chain resilience , urbanization and construction projects. Major trends in the forecast period include sustainable solutions, architectural applications , advancements in technology, renewable energy sector.
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Key Market Players:
Major companies operating in the aluminum-extruded products market report are RUSAL, Aluminum Corporation of China Limited, Rio Tinto Group, Norsk Hydro ASA, Aluminium Bahrain B.S.C, Kaiser Aluminum Corporation, Sapa Inc., China Zhongwang Holdings Limited, Hindalco Industries Limited, Constellium SE, Talco Aluminium Company, Gulf Extrusions, China Hongqiao Group Limited, Alcoa Corporation, Bahrain Aluminium Extrusion Co., Century Extrusions Ltd., Bonnell Aluminium, Arconic Corporation, Qatar Aluminum Extrusion Company, Hydro Extrusion USA LLC, Western Extrusions Corp., Crystal Finishing Systems Inc., Universal Alloy Corp., Erbsloeh Aluminum Solutions Inc., Tower Extrusions Ltd., Alexandria Extrusion Co., Taber Extrusions LLC, Bristol Aluminum, Custom Aluminum Products Inc., Futura Industries Corporation
Market Drivers:
Growth and expansion of the automobile industry are expected to propel the growth of the aluminum-extruded products market. The automobile industry refers to the wide range of businesses and organizations engaged in the design and development of motor vehicles such as trucks, cars, farm machinery, and other vehicles. The automotive aluminum extruder is employed to build the radiator and bracket, oil pipe, instrument panel bracket frame, door anti-collision beam, energy absorption box, bumper anti-collision beam, and combination frame structure for the car's body. For instance, in 2021, according to the Society of Indian Automobile Manufacturers (SIAM), a not-for-profit apex national body representing all primary vehicles and vehicular engines, the automotive industry produced a total of approximately 23 million vehicles from April 2021 to March 2022, including passenger cars, commercial trucks, three-wheelers, two-wheelers, and quadricycles, compared to approximately 22.6 million units from April 2020 to March 2021. Therefore, the growth and expansion of the automobile industry are driving the growth of the aluminum extruded product market.
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https://www.thebusinessresearchcompany.com/report/aluminum-extruded-products-global-market-report
The aluminum-extruded products market covered in this report is segmented -
1) By Product Type: Mill Finished, Powder Coated, Anodized
2) By Alloy Type: 1000 Series Aluminum, 2000 Series Aluminum Alloy, 3000 Series Aluminum Alloy, 5000 Series Aluminum Alloy, 6000 Series Aluminum Alloy, 7000 Series Aluminum Alloy
3) By End Use Industry: Construction, Automotive, Electric and Electronics, Machinery and Equipment, Mass Transport , Other End Use Industry (energy, telecom, and consumer durables)
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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