Aluminum Extrusion Market

Aluminum Extrusion Market Size, Share, Growth Analysis, By Product(Shapes, Rods & Bars, Pipes & Tubes), By Application(Building & Construction, Automotive & Transportation, Consumer Goods, Electrical & Energy), By Regional(North America, Asia Pacific, Latin America) - Industry Forecast 2024-2031


Report ID: UCMIG15I2008 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Aluminum Extrusion Market Insights

Market Overview:

The global aluminum extrusion market was worth USD 87.84 billion in 2021 and is predicted to grow at a compound annual growth rate (CAGR) of 7.5% from 2022 to 2030. The market growth is primarily driven by the automotive and transportation sector, which is seeing an increase in the use of aluminum in both Internal Combustion Engine (ICE) and Electric Vehicles (EVs). This trend is expected to continue, driven by the need for automobile manufacturers to meet environmental regulations aimed at reducing the impact of vehicles.

Aluminum Extrusion Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Aluminum by segment aggregation, the contribution of the Aluminum in Diversified Materials and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The market for Aluminum Extrusion was estimated to be valued at US$ XX Mn in 2021.

The Aluminum Extrusion Market is estimated to grow at a CAGR of XX% by 2028.

The Aluminum Extrusion Market is segmented on the basis of Product, Application, Regional.

Based on region, the Aluminum Extrusion Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Aluminum Extrusion Market are , Hindalco Industries Ltd., Arconic Corp., Norsk Hydro ASA, Constellium N.V., Kaiser Aluminum, QALEX.

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Aluminum Extrusion Market

Report ID: UCMIG15I2008

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