Aluminum Extrusion Market (By End User: Building & Construction, Electrical & Electronics, Transportation, Industrial, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026
The Global Aluminum Extrusion Market is expected to grow at significant CAGR of more than 3 % throughout the forecast period and reach around more than 20 million metric tons by the end of 2026.
Market Insights
Aluminum is a light, strong, flexible, non-corrosive and infinitely recyclable metal. Aluminum extrusion is an aluminum alloy transformation process used in a variety of applications in objects with a defining cross-sectional profile. Its mix-ability allows easy machining and casting, and yet the density and steadiness of aluminum is one third that of steel, so the resulting products provide strength and stability especially when alloyed to other metals. The method of aluminum extrusion relies heat greatly. Temperatures monitoring from start to finish is essential to ensure that the aluminum alloy properties such as tensile and rating strengths are met and also affect the finish of the component. The aluminum alloy is still solid but muddy. Heated, aluminum looks identical, warm or cold. It does not shine.
The global market for aluminum extrusion products is driven by its strong presence as steel replacements for automobiles and transport. The extrusion is relatively straightforward. Drag a heated aluminum ticket through a die with a large hydraulic press. About 40% of all extrusions are colored, anodized, or somewhat powdered. Upon extrusion, almost all extrusions are produced in some way, either by the extruder, the consumer, or a third party.
The recyclability and resistance to oxidation of aluminum extrusion materials guarantees the durability of the overall system in which they are used. However, During the forecast period, low awareness of such products will impede the growth of the market. The relatively low cost of manufacturing aluminum extrusions, combined with the ease of recycling aluminum, has extended its many industrial, transportation, household and everyday applications.
Direct extrusion is the most common process among extrusion processes. A metal billet is pushed into the same direction through the die orifice as the pressure applied to the billet. The main advantage of this system is its high productivity because the extruder's total duration is generally limited by the width of the metal billet. The downside of the system is that the billet / container interface has friction.
Application Outlook
Aluminum extrusion is used for a wide variety of applications, including International Space Station modules. The advantage of aluminum, its specific strength and ductility mix, its conductance, its non-magnetic properties and its ability to be recycled repeatedly, without any loss of integrity, make such diverse applications possible. A capacity of some 550 000 tons per year is installed in the aluminum extruders sector in India. This capacity is distributed over an estimated 150 presses ranging from 360 T to 9000 T. Although 51% of demand is in the building and construction sector, industrial applications are increasing rapidly.
End Use Outlook
The automotive sector is expected to expand during the forecast period to drive this market development. In the vehicles and transport, aluminum extrusion replaces metal. Their light weight leads to lower fuel use and reduced greenhouse gas emissions, which is more important than other metals. In addition, aluminum is easy to recycle and corrosion-resistant, ensuring vehicle sustainability and durability. The construction and building industry is the largest aluminum extrusion market in the world. The growth of this segment in the forecast period will be important. It is estimated that approximately 65% of aluminum in buildings will be recycled every year.
Regional Snapshots
In terms of region, the global aluminum extrusion market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific dominated the global aluminum extrusion market owing to the presence of big economies such as China and India. Both the economies are expected to see surge in the demand of aluminum extrusion market. In the recent past Indian government have made massive investments in railways, e-vehicle, metros, smart cities, solar energy, and defense projects. All of this application demand aluminum hence, the growth of aluminum in this country is justified. However, all the above posses opportunities as well challenges in order to upgrade the current status of Aluminum extrusion plants majorly in India but also across the globe.
Report coverage
The market research study on “Aluminum Extrusion Market By Application: Walls, Roofs, Floors, By End-Use:- Residential, Commercial, Non-Building :-Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2025” offers a detailed insights on the global Aluminum Extrusion market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global Aluminum Extrusion market, its ingredient, product, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global Aluminum Extrusion market size and segment markets end-use and geography along with the information on companies operating in the market. The Aluminum Extrusion market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. For each region, the market size and volume for different segments has been covered under the scope of report.
Key Players and Strategies
Over the past 30 years, extruders and their customers have grown into a more integrated manufacturer. There has always been at least one big extruder with a few multi-site extruder. At present, In the United States, there are more than 100 extrusion firms
Key players present in this market include Hindalco, Sapa, Aluminium Products, Hulamin Extrusions, Tajik Aluminum, YKK Corporation, Zahit Aluminium, Al-Taiseer Aluminium Factory, Balexco, Alcoa, Constellium, Gulf Extrusions.
The global aluminum extrusion market is segmented as below:
Market Segmentation
Market By End User
- Building & Construction
- Electrical & Electronics
- Transportation
- Industrial
- Others
Market By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Frequently Asked Questions
What is aluminum extrusion?
Aluminum extrusion is an aluminum alloy transformation process used in a variety of applications in objects with a defining cross-sectional profile.
Which factor driving aluminum extrusion market?
The global market for aluminum extrusion products is driven by its strong presence as steel replacements for automobiles and transport.
How much is the market value of aluminum extrusion in the forecast period 2019 to 2026?
According to Acumen Research and Consulting, the aluminum extrusion market value is anticipated to be worth around US$ 20 million in 2026.
What will be the growth rate of aluminum extrusion market during the forecast period 2019 to 2026?
The aluminum extrusion market is anticipated to grow over 3% CAGR during the forecast period 2019 to 2026.
Which region held the maximum share of the aluminum extrusion market in 2018?
Asia Pacific held maximum share in 2018 for aluminum extrusion market.
Which industry is expected to expand aluminum extrusion market during the forecast period 2019 to 2026?
The automotive sector is expected to expand during the forecast period to drive this market development.
Which are the top key players operating in the aluminum extrusion market?
Hindalco, Sapa, Aluminium Products, Hulamin Extrusions, Tajik Aluminum, YKK Corporation, and Zahit Aluminium are the top players operating in the aluminum extrusion market.
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