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Aluminum Extrusion Market worth $103.68 billion by 2030, growing at a CAGR of 4.86% - Exclusive Report by 360iResearch
Aluminum Extrusion Market | 360iResearch
The Global Aluminum Extrusion Market to grow from USD 74.35 billion in 2023 to USD 103.68 billion by 2030, at a CAGR of 4.86%.
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Aluminum extrusion is used to convert aluminum alloy into objects with a standard cross-sectional profile for various uses. The extrusion process involves forcing the aluminum billet through a die, which has the shape of the desired profile. Increased construction activities in urban areas and industrial sectors directly boost the demand for aluminum extrusions. In addition, the push towards lightweight and fuel-efficient vehicles propels the use of aluminum extrusions in car manufacturing. However, volatile raw material prices can impact profit margins and the necessity for capital-intensive infrastructure and technology for modern extrusion processes. Furthermore, advancements in extrusion technology can lead to higher efficiency and better-quality products. In addition, the demand for custom, precision extrusions for specialized applications presents significant growth potential.
In North America, the United States and Canada are prominent players in the aluminum extrusion market. Driven by the construction, automotive, and aerospace industries, there is a significant demand for aluminum extrusions. Sustainable construction and energy-efficient buildings are driving the adoption of aluminum extrusions in the construction sector. There have been notable investments in expanding aluminum extrusion capacities, along with advancements in the recycling processes, to address environmental concerns. In the European Union (EU), aluminum extrusion is utilized prevalently in transportation, building, and industrial sectors. Environmental regulations in the EU encourage the use of aluminum extrusions due to their recyclability and contribution to energy efficiency, particularly in vehicle manufacturing and construction industries. Initiatives taken by the European Union are encouraging innovations and investments in the sector. The Middle East and Africa (MEA) regions have seen emerging growth in the aluminum extrusion market, associated with infrastructure development and industrial diversification. The Middle East, with its significant investments in architecture and construction, is particularly keen on adopting extruded aluminum products for aesthetic and functional benefits. Similarly, Africa's growing population and urban development provide substantial room for market expansion. APAC stands as the potential production and consumer of aluminum extrusions, owing to its expansive industrial sectors, which include construction, transportation, and electronics. Technological advancement and the commitment to high-quality standards ensure steady growth in the domestic aluminum extrusion market, focusing on automation and automotive industries.
Market Segmentation & Coverage:
This research report categorizes the Aluminum Extrusion Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Anodized, Mill-finished, and Powder Coated. The Anodized commanded largest market share of 40.00% in 2023, followed by Mill-finished.
Based on Process, market is studied across Direct Extrusion and Indirect Extrusion. The Indirect Extrusion commanded largest market share of 55.81% in 2023, followed by Direct Extrusion.
Based on End-User, market is studied across Aerospace, Automotive, Building & Construction, and Machinery & Equipment. The Building & Construction commanded largest market share of 29.69% in 2023, followed by Machinery & Equipment.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 37.69% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Aluminum Extrusion Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Aluminum Extrusion Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Aluminum Extrusion Market, highlighting leading vendors and their innovative profiles. These include Alcoa Corporation, ALRO S.A. by Vimetco NV, Aluminium Products Company (ALUPCO), Austria Metall AG, Balexco Bahrain Aluminium Extrusion Company, Ball Corporation, China Zhongwang Holdings Limited, Custom Aluminum Products, Emirates Global Aluminium (EGA) Manufacturing, Flextrude Aluminum Shapes, GAL Aluminium Extrusion Pvt. Ltd., Global Aluminium Pvt. Ltd., Guangdong Fenglu Aluminum Co. Ltd., Gulf Extrusions LLC, Hindalco Industries Limited, Jindal Aluminium Limited, Maan Aluminium Limited, Metra Holding S.p.A, Mittal Aluminium Extrusion, Norsk Hydro ASA, R.Y. Extrusion Pvt. Ltd., Samuel, Son & Co., Superfine Group, and William L. Bonnell Company, Inc..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Aluminum Extrusion Market, by Type
7. Aluminum Extrusion Market, by Process
8. Aluminum Extrusion Market, by End-User
9. Americas Aluminum Extrusion Market
10. Asia-Pacific Aluminum Extrusion Market
11. Europe, Middle East & Africa Aluminum Extrusion Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Aluminum Extrusion Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Aluminum Extrusion Market?
3. What is the competitive strategic window for opportunities in the Aluminum Extrusion Market?
4. What are the technology trends and regulatory frameworks in the Aluminum Extrusion Market?
5. What is the market share of the leading vendors in the Aluminum Extrusion Market?
6. What modes and strategic moves are considered suitable for entering the Aluminum Extrusion Market?
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