Aluminum Extrusion Market Share and Regional Scope - 2024, Business Outlook, Growth Opportunity Assessment and Strategies by 2031 | Hindalco Industries, Jindal Aluminum Limited

Market Overview:

Aluminum extrusion is a process used to change the shape of molten or hardened aluminum alloy into desired cross-sectional profiles for a wide variety of applications. Aluminum extrusions are used in various applications such as architecture, automotive, and manufacturing due to its light weight and durability properties.

Market Dynamics:

The aluminum extrusion market is driven by growing automotive industry across the globe and increasing use of aluminum extrusion in automotive applications due to its light weight and corrosion resistant properties. It is estimated that around 25% of a car's composition is aluminum and its use is increasing owing to stringent fuel efficiency and emission standards. Additionally, rapid urbanization and growing construction activities are further fueling the market growth 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

Detailed Segmentation:

On the basis of product type,
✦ Shapes
✦ Rods & Bars
✦ Pipes & Tubes

On the basis of product finishing,
✦ Mill Finished
✦ Powder Coated
✦ Anodized

On the basis of 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, Italy)
⋆ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
⋆ South America (Brazil, Argentina, Colombia)
⋆ Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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✦ Aluminum Extrusion Market Drivers:

➢ Increased Usage of Aluminium Extrusions in Automotive Industry

The automotive industry has emerged as a major end-user industry for aluminium extrusions owing to the growing demand for lightweight and fuel-efficient vehicles. Automakers are increasingly adopting aluminium extrusions to reduce the overall weight of vehicles and meet stringent emission norms. They are used extensively in engine components, drive shafts, wheels, doors and other structural parts. According to recent reports, the global sales of electric vehicles are estimated to grow at a robust pace in the coming years, boosted by supportive government policies and initiatives for environmental protection. This is expected to propel the demand for aluminium extrusions from the automotive sector over the forecast period.

➢ Rising Consumption of Aluminium Extrusions in the Construction Industry

Aluminium extrusions find wide application in windows, doors, curtain walls, architectural panels and structural framing in the construction industry. They offer various benefits such as high strength-to-weight ratio, corrosion resistance and durability. With rapid urbanization and growing investments in infrastructure development projects globally, the construction industry has been expanding consistently. Additionally, stringent energy-efficiency regulations in the buildings sector have augmented the replacement demand for conventional materials with aluminium extrusions. These factors are boosting the sales of aluminium extrusions for construction applications.

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✦ Aluminum Extrusion Market Restraint:

Volatility in Prices of Aluminum

Aluminum is the primary raw material used in the production of aluminum extrusions. Its prices have demonstrated significant volatility historically, influenced by factors such as demand-supply dynamics, fluctuations in foreign currencies, global economic conditions and trade policies. Any substantial increase in aluminum prices directly impacts the manufacturing cost of aluminum extrusions. With thin profit margins in the market, aluminum extrusion companies find it difficult to transfer the entire cost burden to customers. This acts as a major restraint on the worldwide aluminum extrusion industry. Furthermore, stringent government regulations and obligations regarding carbon emissions in production processes also add to the overall input costs. Unpredictable raw material costs pose challenges for industry participants and hinders the growth of the aluminum extrusion market.

✦ Aluminum Extrusion Market Opportunity:

Growth of the Electrical and Electronics Industry

The electrical and electronics industry has emerged as one of the major consumers of aluminum extrusions in recent years. Aluminum extrusions are increasingly becoming the preferred material for housings, heat sinks and parts in electronic appliances, telecommunication equipment, computers and consumer devices owing to their light weight, corrosion resistance and high thermal conductivity. They help in efficient dissipation of heat from sensitive electronic components. Continuous innovations and evolving technologies in areas such as artificial intelligence, electric mobility, Internet of Things and 5G networks are creating new opportunities for the application of aluminum extrusions. This presents lucrative prospects for aluminum extrusion manufacturers to expand their foothold and cater to the growing needs of the electrical and electronics industry.

✦ Aluminum Extrusion Market Trends:

Rising Demand for Green and Sustainable Extrusion Products

Mounting concerns regarding carbon emissions and environmental protection have triggered a shift towards green and sustainable manufacturing processes and products across various industries. In line with this trend, aluminum extrusion companies are developing eco-friendly product varieties by utilizing renewable energy sources in production and adopting recycling methods. For example, some players are offering aluminum extrusion products manufactured using hydroelectric power. Recycled aluminum requires only 5% of the energy consumed during primary aluminum production, offering significant carbon footprint reductions. Driven by sustainability initiatives of OEMs, the demand for such environment-friendly aluminum extrusion variants is increasing steadily. This emerging trend is opening new growth prospects for market participants.

Key Questions Answered in the Report:

1. What are the growth opportunities for the new entrants in the global Aluminum Extrusion industry?
2. Who are the leading players functioning in the global Aluminum Extrusion marketplace?
3. What are the key strategies participants are likely to adopt to increase their share in the global Aluminum Extrusion industry?
4. What is the competitive situation in the global Aluminum Extrusion market?
5. What are the emerging trends that may influence the Aluminum Extrusion market growth?
6. Which product type segment will exhibit high CAGR in the future?
7. Which application segment will grab a handsome share in the global Aluminum Extrusion industry?
8. Which region is lucrative for the manufacturers?

Table of Contents:

1. Research Objectives and Assumptions
• Research Objectives
• Assumptions
• Abbreviations

2. Market Purview
• Report Description
- Market Definition and Scope
• Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By Regions
- Market Snippet, By End-User
• Stratagem Opportunity Map (SOM)

3. Market Dynamics, Regulations, and Trends Analysis
• Market Dynamics
- Drivers
- Restraints
- Market Opportunities
• Impact Analysis
• Industry Trends
• Regulatory Scenario
• Acquisitions, Partnerships & Agreements
• Brand Analysis
• Pricing Analysis
• Epidemiology
• Porter's Analysis
• Value Chain Analysis
• Supply Chain Analysis
• Distribution Landscape

4. Aluminum Extrusion Market - Impact of Coronavirus (Covid-19) Pandemic
• COVID-19 Epidemiology
• Overall Impact on this Sector
• Impact of COVID-19 on Supply and Demand

5. Aluminum Extrusion Market, By Product Type, 2024-2031 (US$ Million)
• Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2024 - 2031
- Segment Trends

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