The aluminum extrusion market in Europe, North America, and the Middle East is expected to grow at a strong CAGR of 7.7% during the study period. North American motor vehicle manufacturing is expected to increase by more than 20% in 2023 compared to 2020, from 15.69 million units to 16.16 million units. Growth in car production is predicted to have a direct impact on the region's consumption of aluminum extrusion during the forecast period (2024-2032). Aluminum extrusions are known for their strength, durability, and resistance to corrosion, making them ideal for a variety of automotive applications. They provide design versatility, enabling the fabrication of complicated forms and profiles that improve aerodynamics and functionality. Furthermore, aluminium's strong thermal conductivity makes it perfect for heat dissipation in automobiles. The automotive industry's growing emphasis on sustainability has accelerated the adoption of aluminum extrusions, which are recyclable and help to reduce vehicle environmental impact. Furthermore, with an increase in electric vehicle sales around the world, demand for aluminum extrusion is expected to rise further as customers want EVs with lightweight constructions.
Global uncertainties such as the Russia-Ukraine war, trade restrictions, the global economic crisis, and others have had a severe impact on the aluminum extrusion supply chain. These uncertainties are projected to have long-term consequences for the growth of the aluminum extrusion industry. The European area is likely to lead the market due to increased demand from the automotive and construction industries.
Market Segmentation
The North American, European, and Middle Eastern Aluminium Extrusion markets are divided into four product categories: mill-finished, anodized, powder coated, and others.
The Aluminium Extrusion market in North America, Europe, and the Middle East is divided into the following alloy types: 1000 series, 2000 series, 3000 series, 4000 series, 5000 series, 6000 series, and Others.
The Aluminium Extrusion market in North America, Europe, and the Middle East is divided into five end-use industrial segments: building and construction, automotive and transportation, machinery and equipment, electrical and electronics, and Others.
The aluminum extrusion market is divided into three regions: North America, Europe, and the Middle East. In terms of value, Europe dominated the market in 2023, with a 56.2% share, and is predicted to grow at a CAGR of 7.86% during the forecast period.
Major Players
Nanshan America, American Aluminum Extrusion (AAE) LLC, Elite Extrusion LLC, METRA SpA, International Extrusions Inc., Gulf Extrusions, BRT Extrusions, Inc., International Extrusion Corporation, Extrudex Aluminum, Hydro, and Tower Extrusions, LLC are the market leaders in North America, Europe, and the Middle East for aluminum extrusion.
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