USD 83.90 Billion
Report ID:
SQMIG20C2101 |
Region:
Global |
Published Date: January, 2025
Pages:
187
|Tables:
89
|Figures:
71
Global Aluminum Extrusion Market size was valued at USD 83.90 Billion in 2023 and is poised to grow from USD 90.78 Billion in 2024 to USD 170.53 Billion by 2032, growing at a CAGR of 8.2% in the forecast period (2025-2032).
Growing end-use industries are expected to act as a major driver for growth of the aluminum extrusion market over the forecast period. Aluminum extrusion finds its applications in structural support to roofing systems, elevator shafts, stairwells and others in the construction industry. Emerging players resort to long-term agreements and collaborations in a competitive environment. This is due to several factors, including the desire to gain market share and need to consolidate in a growing market.
The market is also influenced by stringent regulations. Governments around the world are developing regulations on end-use industries that are impacting product demand. Regulations pertaining to mining of bauxite and production of aluminum could have a significant impact on the market, affecting development and adoption of extruded products.
There are a limited number of direct substitutes for aluminum extruded products owing to their unique characteristics such as lightweight, high strength, and corrosion resistance, among others. However, there are a number of technologies that can be used to achieve similar production outcomes, such as automation, hot extrusion, and direct extrusion. These production technologies can be used as methods for extruding to achieve certain characteristics and improve the performance of aluminum-extruded products.
Market snapshot - (2025-2032)
Global Market Size
USD 83.90 Billion
Largest Segment
Building and Construction
Fastest Growth
Automotive and Transportation
Growth Rate
8.2% CAGR
To get more reports on the above market click here to Buy The Report
Global aluminum extrusion market is segmented by product, product finishing, application, extraction method and region. Based on product finishing, the global aluminum extrusion market is segmented into mill finished, powder coated and anodized. Based on product, the market is segmented into shapes, rods & bars and pipes & tubes. Based on application the market is segmented into building & construction, automotive & transportation, consumer goods, electrical & energy and others. Based on the region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.
As per the global aluminum extrusion market analysis, the building and construction segment is the dominant segment, with a CAGR of 6%. Aluminum extrusion is widely used in building and construction sectors due to its low weight and high strength-to-weight ratio. Aluminum weighs about one-third of the total weight of copper or steel. Aluminum extruded products are widely used in building structure foundations due to the high strength and weight ratio. Aluminum extrusions are widely used in the building and construction industry for various applications such as window and door frames, curtain walls, roofing, among others.
The automotive and transportation segment is the fastest growing segment in the market that accounting for USD 10,898 million in 2024 and is expected to reach USD 20056 million by 2030 at a CAGR of 7%. The aluminum extruded products find their application in automotive and transportation needs as the demand for lightweight automotive components increases. With this, the transportation structures also have a huge demand for lightweight structures for bridges, highways, rails, etc. Aluminum extrusions play a crucial role in vehicles, with wide-ranging applications including engine mounts, anti-intrusion beams, radiator beams, fuel distribution pipes, longitudinal beams, seat tracks, cross rails, roof rails, tailgate frames, and underbody space frame rockers, among other components.
The shapes segment accounted for a dominant revenue share of more than 79.0% in 2024 in the aluminum extrusion market. Aluminum's remarkable malleability facilitates seamless production of various shapes through the extrusion process. In this method, aluminum billets undergo heating and are subjected to high pressure using a ram or hydraulic press. Rising demand for structural elements in vehicles is driven by the objective of achieving lighter weight. Within the automotive and transportation industry, aluminum shapes find applications in various components such as the transmission housings, chassis, panels, engine blocks, and roof rails for a wide range of vehicles, including cars, trucks, railways, and boats.
The tubes and pipes segment plays an important role in the aluminum extrusion market, contributing significantly to its growth and diversification. These materials are valued for their versatility, strength-to-weight ratio and corrosion resistance, making them indispensable in a variety of industries. Containers and pipes are widely used in automotive systems, fuel systems and accident management. Aluminum tanks and pipes are preferred in construction, plumbing, and HVAC (heating, ventilation, and air conditioning) installations because of their durability and ease of installation. Their lightweight nature contributes to better fuel efficiency and compliance with stringent emissions standards, leading to increased demand in this segment.
To get detailed analysis on other segments, Request For Free Sample Report
As per the aluminum extrusion market outlook, Asia Pacific was in dominant position in 2024 with a revenue share of more than 70.0%. China is anticipated to be a pivotal driver of industry expansion among these countries, chiefly propelled by its expansive construction sector. The rapid industrial revolution in the said region has led to an increase in demand for aluminum extrusion products, one of the most utilized products in the industry. This region is expected to retain its dominant position throughout the forecast years due to the presence of the well-established manufacturing sectors in countries such as China, India, Vietnam, Japan, and South Korea. The Chinese government's strategic investments in transportation and energy infrastructure are expected to have a positive impact on market growth during the forecast period.
North America is expected to grow at the fastest CAGR from 2024 to 2031. North America is forecasted to experience substantial growth. Resumption of commercial operations post the COVID-19 pandemic and recessionary pressures are anticipated to boost market growth. Government efforts aimed at economic development are anticipated to contribute to the recovery of regional markets. For instance, in November 2021, the U.S. government approved a Bipartisan plan allocating USD 1 trillion to enhance the country's infrastructure, encompassing upgrades to water systems, airports, railways, power infrastructure, roadways, and bridges. The expected completion of this initiative by 2025 is poised to drive demand for aluminum extrusion. In addition, the growing adoption of electric and hybrid vehicles in the region is driving the demand for lightweight aluminum extrusions in the industry. The growth of the aluminum extrusion market in North America is driven by various factors, including the increasing demand for lightweight and fuel-efficient vehicles in the industry and the growing trend toward sustainable and energy-efficient construction.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Increase in Demand for Lightweight, Durable, and High-Corrosion Resistant Extruded Products
Technological Advancements and Innovations in Extrusion Processes
High Capital Costs
Volatility in Raw Material Prices
Request Free Customization of this report to help us to meet your business objectives.
The global aluminum extrusion industry is characterized by fierce competition between global and regional players, with companies focusing on innovation, sustainability, and strategic alliances to hold their market positions. Norsk Hydro ASA, Arconic Corporation, Constellium SE, Kaiser Aluminum Corporation, and China Zhongwang Holdings Limited, these companies emphasize sustainability through green manufacturing processes and recyclable aluminum solutions, which deal with industries such as construction, automotive and aerospace. Strategies such as mergers, acquisitions and geographic expansion are common for companies to have their ability to strengthen the supply chain and market reach. In addition, strong R&D investments support the development of advanced aluminum alloys and custom extrusion solutions, meeting specific industry needs. Emerging players, especially in Asia-Pacific, are contributing to the high level of competition, driven by increasing infrastructure and industrialization in the region.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to SkyQuest analysis, the aluminum extrusion market is the fastest growing segment driven by increasing demand in the automotive, manufacturing, aerospace and electronics industries. Aluminum extrusion is a lightweight, durable and recyclable and a strong and efficient product. Another factor is urbanization, advances in manufacturing technology, and a push for energy-efficient solutions that will drive global aluminum extrusion market growth. In Asia-Pacific, emerging countries such as China and India play an important role due to infrastructure expansion and technological advancement. The increasing emphasis on environmentally friendly materials is driving the adoption of recyclable aluminum extrudates.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 83.90 Billion |
Market size value in 2032 | USD 170.53 Billion |
Growth Rate | 8.2% |
Base year | 2024 |
Forecast period | (2025-2032) |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Aluminum Extrusion Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Aluminum Extrusion Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Aluminum Extrusion Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Aluminum Extrusion Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Feedback From Our Clients
Report ID: SQMIG20C2101
[email protected]
USA +1 351-333-4748