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The global Aluminum Extrusion market size is expected to be worth around US$ 204.15 billion by 2030, according to a new report by Vision Research Reports.

The global Aluminum Extrusion market size was valued at US$ 67.29 billion in 2020 and is anticipated to grow at a CAGR of 7.10% during forecast period 2021 to 2030.

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Growth Factors

Increasing investments in infrastructure and residential construction is projected to drive the market growth over the forecast period. Emerging economies of Asia Pacific, Central & South America, and Middle East & Africa are witnessing increasing investments in the residential and infrastructure sector owing to the rapid urbanization, rising per capita income levels, and growing population.

For instance, in the economic budget of FY 2020-21, the Indian government announced around USD 1.41 trillion funding for infrastructure projects in the country. The Indian government is set to develop 6,500 projects under its National Infrastructure Pipeline (NIP) over the next five years. Besides the construction industry, growth in the automotive & transportation sector is also expected to play a crucial role in driving the market growth. Aluminum, being a lightweight material, helps in curbing emissions from automobiles. Also, due to various stringent government regulations regarding carbon emissions, automobile companies are preferring this material over for automotive manufacturing.

The Covid-19 pandemic has created disruptions in the value chain of the industry across various countries, such as China. However, the country is all set for a strong rebound in its economic activities, following the relaxation of economic and social controls since April 2020. Where the other major economies of the world reported a negative GDP for the second quarter (April-June) of 2020, China registered a GDP growth of 3.2%. The economic growth of the country has helped soften the impact of the pandemic for the remainder of 2020.

Report Highlights

The shapes product segment accounted for the largest revenue share of 80% in 2020. Aluminum has excellent malleability, which makes it easy to produce shapes using the extrusion process. Under this process, aluminum billets are heated and forced with a ram or hydraulic press with high pressure on steel dies. Aluminum shapes are formed after this process, which contains the shape of dies.

In the automotive & transportation sector, such shapes are used in chassis, roof rails, panels, transmission housings, and engine blocks for trucks, cars, boats, and railways. Demand for structural components is increasing in vehicles to make them lighter; for instance, the F-150 of Ford is constructed using large aluminum materials, wherein body panels and extruded shapes consist of the major portion of the body weight. Rods & bars are made with the help of the extrusion process, through the use of dies.

Rods are circular while bars have any number of flat sides. In the extrusion process, aluminum billets are heated and passed through series of rolls and then coiled and are drawn into rods, bars, and tubes through thinned dies. Rods & bars are widely used in construction activities, especially in the forming of scaffolding systems. These lightweight scaffolding systems offer numerous advantages over traditional systems, in terms of stability, weight, and flexibility.

The building & construction sector accounted for the revenue share of over 60% in 2020. The use of extruded products in construction activities has been greatly influenced by the investment in the housing sector. The largest construction sector, in terms of nominal value, is dominated by China. The country’s drive to invest in new housing development is likely to aid the segment growth over the forecast period.

The automotive & transportation sector accounted for the largest volume share in 2020 and is expected to grow at a lucrative CAGR over the forecast period. In vehicles, aluminum extrusions have wide applications in cross rails, anti-intrusion beams, fuel distribution pipes, radiator beams, engine mounts, longitudinal beams, seat tracks, underbody space frame rockers, roof rails, and tailgate frames, among others.

Consumer goods accounted for the lowest market share in 2020, as the aluminum applications in consumer goods are lesser compared to other sub-segments. However, increasing production of consumer goods is expected to boost the demand for aluminum extrusions for use in furniture, sporting & athletic goods, toys, refrigerators & freezers, and other major appliances during the forecast period.

Extruded sections, such as sheets, customized shapes, and bars, are widely used in the consumer goods industry. Customized extruded shapes have wide application scope in computer devices, audio & video systems, and other appliances. Increasing production of the aforementioned devices and appliances is likely to fuel the product demand in the coming years.

Asia Pacific dominated the global market and accounted for the largest revenue share of over 74% in 2020. The region will retain its dominant position throughout the forecast years due to the major manufacturing sectors in countries, such as China, India, Vietnam, Japan, and South Korea. Among these countries, China is projected to play a key role in promoting industry growth through its extensive construction sector. The plan of the Chinese government to invest in transport and energy infrastructure is likely to positively influence the aluminum extrusion market growth over the forecast period.

North America is projected to grow at a significant growth rate from 2021 to 2028, in terms of revenue. The resumption of industrial operations post Covid-19 lockdown is projected to provide a push to the market growth. Government initiatives regarding economic development are also expected to help recover the regional market. For example, in October 2020, Canada unveiled a new infrastructural plan worth CAD 7.5 billion (~USD 5.8 billion) for pushing an array of renewable energy initiatives and create jobs in the country, which were impacted by the pandemic.

The declining growth and production of the Europe automotive industry, owing to the pandemic, is affecting the demand for aluminum and its products. With an aim to recover from the loss, producers in the region have come together for the development of the automotive industry by supporting certain schemes, such as the vehicle-renewal scheme that focuses on sales of eco-friendly vehicles, such as clean ICEs and EVs.

Key Players

• Hindalco Industries Ltd.
• Arconic Corp.
• Norsk Hydro ASA
• Constellium N.V.
• QALEX

Market Segmentation

• Product Outlook
  • Shapes
  • Rods & Bars
  • Pipes & Tubes
• Application Outlook
  • Automotive & Transportation
  • Building & Construction
  • Consumer Goods
  • Electrical & Energy
  • Others
• Regional Outlook
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
  • Asia Pacific
    • China
    • India
    • Japan
  • Central & South America
    • Brazil
  • Middle East & Africa (MEA)
    • Saudi Arabia

The study objectives of this report are:

• To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
• Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
• To strategically profile the key players and comprehensively analyze their growth strategies.

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