Aluminium Extruded Product Market by Product (Anodized, Mill-Finished, Powder-Coated), Alloy (1000 Series Aluminum, 2000 Series Aluminum Alloy, 3000 Series Aluminum Alloy), End-User - Global Forecast 2024-2030

Aluminium Extruded Product Market by Product (Anodized, Mill-Finished, Powder-Coated), Alloy (1000 Series Aluminum, 2000 Series Aluminum Alloy, 3000 Series Aluminum Alloy), End-User - Global Forecast 2024-2030

The Aluminium Extruded Product Market size was estimated at USD 60.25 billion in 2023 and expected to reach USD 64.53 billion in 2024, at a CAGR 7.38% to reach USD 99.23 billion by 2030.

Aluminum extrusion is a well-established technique for making intricate forms and designs with aluminum alloys. This extrusion procedure includes forcing molten aluminum through a die to create a particular shape, which is then cooled and solidified. Aluminum extruded products have various shapes, including standard & custom shapes, structural & decorative shapes, and hollow & solid shapes. In recent years, rising construction activities and expanding automotive manufacturing are driving the demand for aluminum extruded products. Aluminum plays an essential role in the automotive industry owing to its reduced weight, which provides fuel efficiency. However, the high cost of an aluminum extrusion facility setup and certain limitations related to the aluminum extrusion process can hamper the market development. Aluminum extruded processes and products have undergone numerous advances and developments over the years, offering more efficient and cost-effective end products. In recent years the market has witnessed new technologies, such as 3D printing technology, nanostructured aluminum, and robotic technology, that enhance the extrusion process and produce improved extruded products.

Regional Insights

The Americas showcase the significant landscape for the aluminum extruded product market owing to the large-scale end-user industries, such as aerospace and construction. In addition, the increasing trade of raw aluminum from Canada supports the growth of the aluminum extruded product market in the Americas. In Asia-Pacific, particularly in China and India, the substantial manufacturers of aluminum extruded products provide a positive landscape for market growth. The expanding automotive industries, rising electric vehicle manufacturing, and development in the electronics industry in the Asia-Pacific region increase the penetration potential for aluminum extruded products. The European government's support for lightweight, high-performance, and sustainable aluminum products propels the demand for aluminum extruded products.

Market Insights

• Market Dynamics
  
  The market dynamics represent an ever-changing landscape of the Aluminium Extruded Product Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
  • Market Drivers
    • Growing demand for lightweight and high-performance aluminum extruded products in aerospace and automotive sector
    • Applications in the manufacturing of consumer and industrial goods
    • Inclination toward pre-engineered buildings construction and growth in clean energy technology applications
    • Market Restraints
      • High initial capital investments and limitations of aluminum extrusion method
      • Market Opportunities
        • Technological improvements in aluminum extrusion process
        • Increasing shift toward sustainable aluminum extrusions product
        • Market Challenges
          • Environmental impact associated with aluminum extrusion process
          • Market Segmentation Analysis
            • Product: Significant penetration of anodized aluminum extrusion products
            • Alloy: Accelerating use of 7000 series aluminum alloy in automotive and aerospace industries
            • End-User: Increasing applications of aluminum extruded products with the burgeoning construction sector
            • Market Disruption Analysis
            • Porter’s Five Forces Analysis
            • Value Chain & Critical Path Analysis
            • Pricing Analysis
            • Technology Analysis
            • Patent Analysis
            • Trade Analysis
            • Regulatory Framework Analysis
            FPNV Positioning Matrix
            
            The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Aluminium Extruded Product Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
            
            Market Share Analysis
            
            The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Aluminium Extruded Product Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
            
            Recent Developments
            • Shape Corp. to offer roll-formed aluminum components for auto industry
              
              Shape Corp. announced collaborating with Novelis Inc., an Atlanta-based aluminum manufacturer, and recycler, to offer a comprehensive portfolio of roll-formed components, including rockers, battery trays, roof bows, and other structural parts. Shape has successfully developed a method for roll-forming ultra-high strength materials and has conducted extensive research on complex geometries to enhance the value of these components. The roll-forming process simplifies assembly procedures, reduces the need for secondary operations, and enables the formation of higher strength tempers, pre-pierced holes, and inline fasteners.
              
              Mayville Engineering Company Announces Definitive Agreement to Acquire Mid-States Aluminum Corp.
              
              Mayville Engineering Company, Inc. entered into a definitive agreement to acquire Mid-States Aluminum Corp. (MSA), a renowned manufacturer specializing in custom aluminum extrusions and fabrications. By acquiring MSA, MEC strategically positions itself to gain access to a wider customer base with significant growth potential. This acquisition expands MEC's capabilities in fabrication expertise, particularly in aluminum and other lightweight materials.
              
              Arconic entered into a definitive agreement with Apollo Group company
              
              Arconic Corp., a Pittsburgh-based manufacturer of aluminum extruded products, entered into a definitive agreement to be acquired by Apollo Global Management, a New York-based investment firm, in an all-cash transaction. With this acquisition strategy, Apollo intends to make significant capital investments in Arconic to enhance machine centers, improve technology, and support projects that benefit local communities.
            Strategy Analysis & Recommendation
            
            The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Aluminium Extruded Product Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
            
            Key Company Profiles
            
            The report delves into recent significant developments in the Aluminium Extruded Product Market, highlighting leading vendors and their innovative profiles. These include Akzo Nobel N.V., Alom Group, AluFab, Inc., Arconic Corp., Bahrain Aluminum Extrusion Company, BRT Extrusions, Inc., Capalex by Capital Aluminium Extrusions Limited, Central Aluminum Company, Century Extrusions Limited, China Zhongwang Holdings Limited, Constellium SE, Gabrian International Ltd., Global Aluminium Pvt. Ltd., GSH Industries, Gulf Extrusions Co. LLC, Hindalco Industries Limited, Impol 2000, d. d., Integrated Extrusion by United Integration, Jindal Aluminium Limited, Kaiser Aluminum Corporation, Maan Aluminium Ltd., Momentum Manufacturing Group, LLC, Norsk Hydro ASA, Padmawati Extrusion Pvt. Ltd., Penn Aluminum International LLC, PSI Industries, Inc., Qatar Industrial Manufacturing Company, Rio Tinto PLC, RusAL, Simmal Ltd., Source International, Superfine Group, Taber Extrusions LLC, Talan Products Inc., Talco Extrusion LLP, Tredegar Corporation, Wellste Aluminum, and Zahit Aluminium.
            
            Market Segmentation & Coverage
            
            This research report categorizes the Aluminium Extruded Product Market to forecast the revenues and analyze trends in each of the following sub-markets:
            • Product
              • Anodized
              • Mill-Finished
              • Powder-Coated
              • Alloy
                • 1000 Series Aluminum
                • 2000 Series Aluminum Alloy
                • 3000 Series Aluminum Alloy
                • 4000 Series Aluminum Alloy
                • 5000 Series Aluminum Alloy
                • 6000 Series Aluminum Alloy
                • 7000 Series Aluminum Alloy
                • End-User
                  • Aerospace
                  • Automotive
                  • Construction
                  • Electrical & Electronic
                  • Transportation & Logistic
                  • Region
                    • Americas
                      • Argentina
                      • Brazil
                      • Canada
                      • Mexico
                      • United States
                        • California
                        • Florida
                        • Illinois
                        • New York
                        • Ohio
                        • Pennsylvania
                        • Texas
                        • Asia-Pacific
                          • Australia
                          • China
                          • India
                          • Indonesia
                          • Japan
                          • Malaysia
                          • Philippines
                          • Singapore
                          • South Korea
                          • Taiwan
                          • Thailand
                          • Vietnam
                          • Europe, Middle East & Africa
                            • Denmark
                            • Egypt
                            • Finland
                            • France
                            • Germany
                            • Israel
                            • Italy
                            • Netherlands
                            • Nigeria
                            • Norway
                            • Poland
                            • Qatar
                            • Russia
                            • Saudi Arabia
                            • South Africa
                            • Spain
                            • Sweden
                            • Switzerland
                            • Turkey
                            • United Arab Emirates
                            • United Kingdom
                            
                            
                            Please Note: PDF & Excel + Online Access - 1 Year