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2025 Aluminum-Extruded Products Market Outlook: Key Indicators Shaping Growth Through 2034
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Aluminum-Extruded Products Industry Market Size Be by 2025?
The market size for aluminum-extruded products has seen a consistent growth in the past few years. The market, which is expected to be at $46.14 billion in 2024, will rise to $48.1 billion in 2025, exhibiting a compound annual growth rate (CAGR) of about 4.2%. Factors that have contributed to this growth during the historic period include the influence of the industrial revolution, the aviation sector, architectural applications, adoption in the automotive industry, and utilization within the electrical industry.
What's the Long-Term Growth Forecast for the Aluminum-Extruded Products Market Size Through 2029?
The market for aluminum-extruded products is projected to witness robust expansion in the near future. The market valuation is anticipated to reach $62.03 billion by 2029, with a CAGR of 6.6%. Factors contributing to the development during the projected timeframe include recycling and the circular economy, cost efficiency, energy efficiency standards, supply chain stability, urbanization, and construction projects. Key trends within this period are anticipated to be sustainable solutions, architectural applications, technological advancements, and the renewable energy sector.
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What Are the Key Growth Drivers Fueling the Aluminum-Extruded Products Market Expansion?
The development and enlargement of the vehicle industry are projected to spur the advancement of the aluminum-extruded products market. The vehicle business encompasses a variety of companies and entities involved in creating and improving motor vehicles, including trucks, autos, agricultural machinery, and other modes of transportation. The aluminum extruder used in automobile manufacturing is integral to making the radiator and bracket, oil pipe, instrument panel bracket frame, door anti-collision beam, energy absorption box, bumper anti-collision beam, and combined frame structure of a car's body. As an example, in November 2023, Statistic Canada, the country's governmental statistics agency, reported that the total number of registered road motor vehicles in Canada in 2022 experienced a modest increase of 0.3%, totaling 26.3 million. As such, the growth and proliferation of the vehicle industry are accelerating the advancement of the aluminum extruded product market.
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What Long-Term Trends Will Define the Future of the Aluminum-Extruded Products Market?
Prominent businesses within the aluminum-extruded products sector are focusing on innovation, creating products that are weather-resistant and suitable for a plethora of climatic conditions. Weather resistance is defined as the capacity of a material to resist a variety of environmental factors without prominent deterioration. An example is Kestrel Aluminium Systems Ltd., a UK-based firm specializing in aluminum building systems, which in October 2023 introduced a 75mm window system specifically designed for both commercial and domestic uses. This latest high-performance 75mm aluminum window system has a U-value as low as 1.2 W/m2K when coupled with double-glazed units. The system offers diverse configurations like casements and fixed lights and accommodates insulated glass units from 24mm to 32mm in thickness. For improved stability, the system utilizes mechanical jointing and can sustain watertightness up to 1350 Pa, guaranteeing durability in various climatic conditions.
How Is the Aluminum-Extruded Products Market Segmented?
The aluminum-extruded products market covered in this report is segmented -
1) By Product Type: Mill Finished, Powder Coated, Anodized
2) By Alloy Type: 1000 Series Aluminum, 2000 Series Aluminum Alloy, 3000 Series Aluminum Alloy, 5000 Series Aluminum Alloy, 6000 Series Aluminum Alloy, 7000 Series Aluminum Alloy
3) By End Use Industry: Construction, Automotive, Electric And Electronics, Machinery And Equipment, Mass Transport , Other End Use Industry (Energy, Telecom, And Consumer Durables)
Subsegments:
1) By Mill Finished: Standard Mill Finish, Custom Mill Finish
2) By Powder Coated: Architectural Powder Coated, Industrial Powder Coated, Textured Powder Coated
3) By Anodized: Sulfuric Acid Anodizing, Hardcoat Anodizing, Chromic Acid Anodizing, Decorative Anodizing
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Which Companies Are Leading the Charge in Aluminum-Extruded Products Market Innovation?
Major companies operating in the aluminum-extruded products market are RUSAL, Aluminum Corporation of China Limited, Rio Tinto Group, Norsk Hydro ASA, Aluminium Bahrain B.S.C, Kaiser Aluminum Corporation, Sapa Inc., China Zhongwang Holdings Limited, Hindalco Industries Limited, Constellium SE, Talco Aluminium Company, Gulf Extrusions, China Hongqiao Group Limited, Alcoa Corporation, Bahrain Aluminium Extrusion Co., Century Extrusions Ltd., Bonnell Aluminium, Arconic Corporation, Qatar Aluminum Extrusion Company, Hydro Extrusion USA LLC, Western Extrusions Corp., Crystal Finishing Systems Inc., Universal Alloy Corp., Erbsloeh Aluminum Solutions Inc., Tower Extrusions Ltd., Alexandria Extrusion Co., Taber Extrusions LLC, Bristol Aluminum, Custom Aluminum Products Inc., Futura Industries Corporation
Which Regions Are Leading the Global Aluminum-Extruded Products Market in Revenue?
Asia-Pacific was the largest region in the aluminum-extruded products market analysis in 2024. The regions covered in the aluminum-extruded products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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