Aluminium-Extrusion Market 2028: Untapped Opportunities and Growth Strategies RevealedPosted by Kumar on June 18th, 2024 According to the TechSci Research report titled “Global Aluminium-Extrusion Market - By Region, Competition, Forecast & Opportunities, 2028”, the global aluminium-extrusion market is anticipated to grow at a CAGR of 7.02% during the forecast period of 2024 to 2028. Aluminium extrusions are extensively used in the building and construction, automotive and transportation, and electrical industries. The market expansion is driven by the rising demand for lightweight and durable extruded products across various sectors. Aluminium extrusion is a crucial and cost-effective manufacturing process offering design flexibility, making it suitable for creating intricate and detailed shapes. Additionally, extruded aluminium is known for its corrosion resistance, lightweight, robustness, and ability to withstand harsh environments, making it beneficial for industries like automotive, aerospace, construction, and electronics.
Browse over XX market data Figures spread through 180 Pages and an in-depth TOC on "Global Aluminium-Extrusion Market.” Market Segmentation By Alloy Type The aluminium-extrusion market is segmented based on alloy types, including 2000 Series, 3000 Series, 5000 Series, 6000 Series, and 7000 Series aluminium. In 2022, the 6000 Series Aluminium segment held the majority share. This series is characterized by its excellent strength, formability, and corrosion resistance, making it a versatile choice for applications in construction, automotive, and consumer goods. By Product Type Based on product type, the market is fragmented into Mill-Finished, Anodized, and Powder-Coated. The anodized segment is expected to dominate during the forecast period. Anodizing is easy to maintain, durable, and does not chip or peel over time. Anodized aluminium profiles can be restored to their original shine with regular cleaning, making them more durable than painted extrusions. By End-Use Industry The market is further segmented by end-use industries, including Building & Construction, Automotive & Transportation, Electrical & Electronics, Consumer Durables, and Others. The Building & Construction segment is anticipated to dominate the market due to the extensive use of aluminium extrusions in windows, doors, partitions, curtain walls, siding, roofing, railings, storefronts, and other applications. By Shape The market is also segmented based on shape, including Composite Shapes, Rods & Bars, and Pipes & Tubes. Each shape caters to specific applications across various industries, contributing to the overall market growth. Recent Trends Technological Advancements Technological advancements in the aluminium extrusion process have led to increased efficiency and precision. Innovations such as advanced die technology and automation have enabled manufacturers to produce complex shapes with high accuracy, meeting the growing demand for customized extrusions. Sustainability Initiatives The focus on sustainability and reducing carbon footprints has driven the adoption of aluminium extrusions. Aluminium is recyclable and energy-efficient, making it an eco-friendly choice. The industry's shift towards sustainable practices aligns with global efforts to combat climate change. Increasing Use in Electric Vehicles The automotive industry is increasingly adopting aluminium extrusions in electric vehicles (EVs) due to their lightweight properties, which enhance vehicle efficiency and performance. As the EV market grows, the demand for aluminium extrusions is expected to rise significantly. Market Drivers Rising Demand in Construction The construction industry's demand for aluminium extrusions is driven by their use in various applications, including structural components, windows, doors, and facades. The material's durability, lightweight, and corrosion resistance make it ideal for modern construction projects. Growth in the Automotive Sector The automotive industry's need to comply with stringent environmental regulations has led to increased use of aluminium to reduce vehicle weight and improve fuel efficiency. Aluminium extrusions play a vital role in manufacturing lightweight automotive components. Expansion in Electrical and Electronics Industry The electrical and electronics industry relies on aluminium extrusions for components like heat sinks and enclosures. The material's excellent thermal conductivity and lightweight properties are crucial for electronic devices and equipment. Competitive Analysis Key Players and Market Positioning The global aluminium-extrusion market is highly competitive, with several key players holding significant market shares. Companies such as Norsk Hydro ASA, Hindalco Industries Limited, and Arconic Corporation are prominent players in the market. These companies focus on product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market positions. Strategies for Market Growth To maintain a competitive edge, companies are investing in research and development to enhance product quality and expand their product portfolios. Additionally, adopting sustainable practices and focusing on customer-centric approaches are key strategies for market growth. Benefits of the Research Report
Regional Analysis Asia Pacific Asia Pacific dominated the global market in 2021, accounting for the largest revenue share of over 69%. The region is expected to retain its dominant position due to the presence of major manufacturing sectors in countries like China, India, Vietnam, Japan, and South Korea. China's extensive construction sector and government investments in transport and energy infrastructure are likely to positively influence market growth. North America North America is projected to grow at a significant rate from 2022 to 2030 in terms of revenue. The resumption of industrial operations post-pandemic is expected to drive market growth. The region's automotive and construction industries are key consumers of aluminium extrusions. Europe Europe's market growth is driven by the automotive and aerospace industries. The region's focus on reducing carbon emissions and promoting sustainability aligns with the increasing use of aluminium extrusions. Countries like Germany, France, and the UK are key contributors to market growth.
The global aluminium-extrusion market is poised for significant growth, driven by increasing demand across various industries and regions. Technological advancements, sustainability initiatives, and the rise of electric vehicles are key trends shaping the market. With a focus on innovation and strategic growth, market players can capitalize on emerging opportunities and maintain a competitive edge. The detailed analysis provided in the TechSci Research report offers valuable insights and strategic recommendations for stakeholders to navigate the evolving market landscape effectively.
Major companies operating in the Global Aluminium-Extrusion market are:
“Increasing number of projects in construction sector. Growing automotive sector plays a key role in growth of aluminium- extrusion during the forecast period. Due to its light weight, significant strength, and use in infrastructure projects, aluminum is widely used in the production of aircraft, automobiles, trains, construction industry and ships. Due to these utility for aluminum in transportation, demand rises. As a result, the most recent technologically advanced processes boost production efficiency. The Global aluminum market is expanding due to this advancement. By focusing on the growth of non-petroleum industries like mining and quarrying, the nation hopes to diversify its economy. The country benefits from a variety of government policies, including lower rents, no corporate tax, lower loan interest rates, and straightforward land grants.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm. Aluminium-Extrusion Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented by Product Type (Mill-Finished, Anodized and Powder-Coated), By End-Use Industry (Building & Construction, Automotive & Transportation, Electrical & Electronics, Consumer Durables and Others), By Alloy Type (1000 Series, 2000 Series, 3000 Series, 5000 Series, 6000 Series and 7000 Series), By Shape (Composite Shapes, Rods & Bars and Pipes & Tubes), By Region, Competition, 2018-2028”, has evaluated the future growth potential of global Aluminium-Extrusion market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global Aluminium-Extrusion market.
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