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Key Trends Influencing the Growth of the Aluminum Extrusion Market in 2025: Integration Of Artificial Intelligence In Aluminum Extrusion Processes Enhances Efficiency And Quality Control
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Aluminum Extrusion Market Through 2025?
In recent years, there has been a consistent expansion in the size of the aluminum extrusion market. This market is predicted to escalate from $92.33 billion in 2024 to $96.31 billion in 2025, reflecting a compound annual growth rate (CAGR) of 4.3%. The past growth is credited to the development of emerging markets, rising demand for aluminum in the construction sector, and increased need for lightweight and robust extruded products.
What's the Projected Size of the Global Aluminum Extrusion Market by 2029?
Over the coming years, significant growth is anticipated in the aluminum extrusion market, which is projected to reach $120.79 billion by 2029, demonstrating a CAGR of 5.8%. This growth in the forecasted period is likely due to factors such as governmental aid, an escalating global population coupled with urbanization, a rise in the automotive application demands, and an increasing requirement for aluminum in packaging. The period's major trends are anticipated to entail the adoption of artificial intelligence, strategic partnerships, and acquisitions, product innovation, as well as plant expansion initiatives.
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Top Growth Drivers in the Aluminum Extrusion Industry: What's Accelerating the Market?
The surge in green building construction acts as a significant catalyst for market expansion. These buildings are not only environmentally friendly but are also energy-efficient and emit a low amount of carbon. Aluminum plays a predominant role in this green construction trend, demonstrating unique properties. It is not just its sturdiness, durability and resistance to corrosion but also its lightness and malleability that makes it ideal for sustainable architecture. For instance, a positive indication of this upward trend was shared by the Building and Construction Authority (BCA) in July 2024. BCA, a statutory board under the Ministry of National Development of the Government of Singapore, revealed that by the end of 2022, about 55% of Singapore's buildings had been made environmentally friendly, a significant stride towards the goal of greening 80% of buildings by 2030. Moreover, BCA plans to enhance energy efficiency in top-tier green buildings by 80% by 2030. Therefore, greater construction of green buildings will stimulate demand for aluminum extrusions.
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What Trends Will Shape the Aluminum Extrusion Market Through 2029 and Beyond?
Firms operating within the aluminum extrusion market are turning towards artificial intelligence (AI) as a means of refining the extrusion process, reducing material waste and improving overall product quality. AI also offers the capability to expose defects in extruded parts, thereby reducing the need for labor-intensive inspections and elevating the level of quality control. As an illustration, in April 2023, ASCONA, a German company that manufactures optical profile measurement systems for the aluminum, plastics, and rubber sectors, along with D-CUBE, a tech company established in Greece, unveiled a comprehensive solution dedicated to inline surface inspection of aluminum profiles. Promex CYRUS, which is AI-based, is capable of identifying a variety of surface flaws in real-time, irrespective of the shape, count, and size of the extruded profile strands, transforming these into useful caution alerts. It's a comprehensive cloud-based package that archives the surface inspection data from each production line in one or more extrusion lines, providing manifold advantages to various divisions such as plant administration, quality control, extrusion management, maintenance supervision, and technology management.
What Are the Main Segments in the Aluminum Extrusion Market?
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
Subsegments:
1) By Mill Finished: Standard Mill Finish, Custom Mill Finish
2) By Anodized: Clear Anodized, Color Anodized
3) By Powder Coated: Standard Powder Coating, Custom Color Powder Coating
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Which Top Companies are Driving Growth in the Aluminum Extrusion Market?
Major companies operating in the aluminum extrusion market include 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), Soil Metal Products Co.,Ltd, Liaoning Zhongwang Group Co, Donghe International Co., Ltd, Dragon 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
Which Regions Will Dominate the Aluminum Extrusion Market Through 2029?
Asia-Pacific was the largest region in the aluminum extrusion market in 2024. The regions covered in the aluminum extrusion market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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