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Aluminum Extrusion Global Market Analysis, Trends, Growth, Research And Forecast 2033
Aluminum Extrusion Global Market
As per the report, the aluminum extrusion market size has grown steadily in recent years. It will grow from $89.37 billion in 2023 to $93.67 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The aluminum extrusion market size is expected to see steady growth in the next few years. It will grow to $113.84 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%.
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Aluminium Extrusion Demand Surges With Rise In Green Building Construction
The increase in the construction of green buildings is one of the key factors driving the market growth. Green buildings are environmentally sustainable, energy-saving, and produce low carbon emissions. Aluminium has been a driving force behind the green construction movement because of its unrivaled characteristics. The characteristics of aluminium, such as strong and durable, recyclable, corrosion-resistant, light and malleable, making it apt for sustainable architecture. According to the U.S. Green Building Council (USGBC), India ranked third in Leadership in Energy and Environmental Design (LEED) in 2021 with a total of 146 LEED-certified buildings and spaces, which represents about 2.8 million gross area square meters (GSM) of space. This is an almost 10% increase in LEED-certified space in India from 2020. Thus an increase in the construction of green buildings will lead to the demand for aluminium extrusions.
Integration Of Artificial Intelligence In Aluminium Extrusion Processes Enhances Efficiency And Quality Control
Companies in the aluminium extrusion market are focusing on using artificial intelligence (AI) to optimize the extrusion procedure, decreasing material waste and enhancing product quality. AI can also assist in identifying flaws in extruded components, hence minimizing the requirement for manual inspection and enhancing quality control. For example, in April 2023, ASCONA, a German company involved in developing optical profile measuring systems for the aluminium, plastics and rubber industry, and D-CUBE, a Greece-based technology company, announced the launch of a holistic solution for inline surface inspection of aluminium profiles. Promex CYRUS, based on artificial intelligence (AI), detects different types of surface defects in real time, regardless of the shape, number and size of the extruded profile strands and converts them into meaningful warning messages. A holistic cloud-based solution that stores the surface inspection data of each production line in one or more extrusion lines and offers multiple benefits for various departments including plant management, quality assurance, extrusion management, maintenance management, and technology management.
The aluminum extrusion market covered in this report is segmented -
1) By Product Type: Mill Finished, Anodized, Powder Coated
2) By Alloy Type: 1000 Series Aluminum Alloy, 2000 Series Aluminum Alloy, 3000 Series Aluminum Alloy, 4000 Series Aluminum Alloy, 5000 Series Aluminum Alloy, 6000 Series Aluminum Alloy, 7000 Series Aluminum Alloy
3) By End-Use: Building And Construction, Transportation, Machinery And Equipment, Consumer Durables, Electrical, Other End-Uses
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Major companies operating in the aluminum extrusion market report are Norsk Hydro ASA, UACJ Corporation, Constellium N. V., Kaiser Aluminum, Hindalco Industries Ltd., Tredegar Corp. (Bonnell Aluminum, Co., Ltd.), Arconic Corporation, Jindal Aluminium Limited, Gulf Extrusion Co LLC, QALEX, M/s. Century Extrusions Ltd, MYCO INDUSTRIES (MIDC), San Internationl, GS Machining HK Co., Limited, Soil Metal Products Co.,Ltd, Liaoning Zhongwang Group Co, Donghe International Co., Ltd, Dragon LTD, ADD Associates Ltd, Branton Engineering Ltd, Metals4u Limited, Alubin Limited, RIAK, BK-ALPROF, RUSAL, LLC, BRT Extrusions, Inc., Momentum Manufacturing Group (MMG), Richardson Metals, Inc, Western Extrusions Corp., PSI Industries, Inc., Hydro Extrusion, Prolind Industrial Ltda, Benetec, Xtral Tecnologia Em Aluminio, Asa Alumínio, Extrusora Argentina, Emirates Extrusion Factory LLC, Cephe Sistemleri, New African Engineering Services, Hulett Metals
Contents of the report:
1. Executive Summary
2. Aluminum Extrusion Market Report Structure
3. Aluminum Extrusion Market Trends And Strategies
4. Aluminum Extrusion Market - Macro Economic Scenario
5. Aluminum Extrusion Market Size And Growth
…..
27. Aluminum Extrusion Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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