Press release
Aluminum Extrusion Market Size, Share & Growth Forecast 2024-2031 | Top Major Companies likes - Aluminum Products Company (ALUPCO), Arconic Corporation, Bahrain Aluminum Extrusion Co. (BALEXCO), Century Extrusions Ltd., Constellium, GALCO Group
Global Aluminum Extrusion Market reached US$ 78.7 billion in 2022 and is expected to reach US$ 117.8 billion by 2030, growing with a CAGR of 5.7% during the forecast period 2024-2031.Aluminium Extrusion Market report, published by DataM Intelligence, delivers detailed insights and analysis on major market trends, growth prospects, and emerging challenges. With a strong focus on providing actionable intelligence, DataM Intelligence enables businesses to make well-informed decisions and maintain a competitive edge. By blending both qualitative and quantitative research approaches, the company offers thorough reports that support clients in navigating complex market environments, driving strategic expansion, and capitalizing on new opportunities in today's rapidly evolving global landscape.
Aluminum extrusion is a manufacturing process where aluminum alloy is forced through a shaped die to create components with a consistent cross-sectional profile. Known for its strength, light weight, and corrosion resistance, extruded aluminum is widely used in industries like construction, automotive, aerospace, and electronics for both structural and decorative applications.
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Market opportunities and Growth Drivers
Growing Demand in Automotive and Transportation
Increasing Use in the Construction Sector
Fluctuating Raw Material Costs
Aluminium Extrusion Market Recent Development:
In August 2022, Norsk Hydro ASA announced a NOK 300 million investment in a new automotive extrusion press at its Tønder, Denmark facility to expand capacity for the European automotive market. In May 2022, Novelis Inc. revealed plans to invest over US$ 2.5 billion in a low-carbon aluminum recycling and rolling plant near Bay Minette, Alabama, enhancing its sustainable production capabilities.
List of the Key Players in the Aluminium Extrusion Market:
Aluminum Products Company (ALUPCO), Arconic Corporation, Bahrain Aluminum Extrusion Co. (BALEXCO), Century Extrusions Ltd., Constellium, GALCO Group, Hindalco Industries Limited, Kaiser Aluminum, Jindal Aluminum Limited and China Zhongwang.
Research Process:
Both primary and secondary data sources have been used in the global Aluminium Extrusion Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Segment Covered in the Aluminium Extrusion Market:
By Product Type: Pipes & Tubes, Bars & Rods, Shapes
By Alloy: 1000 Series Aluminum Alloy, 2000 Series Aluminum Alloy, 6000 Series Aluminum Alloy, Others
By Application: Building & Construction, Automotive & Transportation, Consumer Goods, Electrical & Energy, Others
Regional Analysis for Aluminium Extrusion Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
People Also Ask:
Most Frequently Asked Questions in the Aluminium Extrusion Market Research Industry:
➠ What are the global figures for sales, production, consumption, imports, and exports in the Aluminium Extrusion market?
➠ Who are the top manufacturers in the global Aluminium Extrusion industry, and what is their current status in terms of production capacity, output, sales performance, pricing structure, cost analysis, profit margins, and overall revenue?
➠ What key opportunities are available for vendors in the Aluminium Extrusion market, and what challenges are they likely to encounter?
➠ Which application areas, end-user segments, or product types are projected to experience significant growth, and how is the market share distributed among them?
➠ What are the major drivers and barriers influencing the growth trajectory of the Aluminium Extrusion market?
➠ What are the primary sales, marketing, and distribution strategies used across the global Aluminium Extrusion industry landscape?
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