Aluminum Extruded Products Market Segmentation by End-Users (Automotive, Construction, Machinery & Equipment, Electrical & Electronics, and Others); and by Type (Power Coated, Anodized, and Mill-Finished)-Global Demand Analysis & Opportunity Outlook 2031

Global Aluminum Extruded Products Market Highlights Over 2022 - 2031

The global aluminum extruded products market is estimated to grow at a ~7% CAGR over the forecast period CAGR, i.e., 2022 – 2031. Moreover, the market registered a revenue of approximately of approximately USD 42.0 billion in 2021. The growth of the market can be attributed to the rise in demand for aluminum extruded products for use in building and construction projects. Moreover, there has been an increase in the adoption of aluminum-extruded products in the automotive sector, which is also projected to contribute to the growth of the market in the coming years. Besides this, a rise in urbanization and growing smart city projects are also expected to increase the demand for aluminum extruded products. As per the World Bank, approximately 7 out of 10 people in the world will live in cities by the end of 2050.

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The global aluminum extruded products market is segmented by end-users into automotive, construction, machinery & equipment, electrical & electronics, and others. Out of these, the automotive segment is expected to hold the largest share of the market over the forecast period. This can be attributed to the growing focus of automotive manufacturers on manufacturing lightweight cars in the automotive industry. Furthermore, weight has a direct relationship with the performance of the cars, and in the case of accidents, the aluminum alloy will provide better protection to lightweight cars as compared to any other kind of material. Such a factor is therefore anticipated to drive the demand for the product and in turn, contribute to the growth of the segment.

Global Aluminum Extruded Products Market Regional Synopsis

Regionally, the global aluminum extruded products market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in the Asia Pacific region is estimated to witness modest growth over the forecast period on the back of the increase in urbanization and industrialization. Moreover, there has been a rapid growth of various industries that includes automotive, machinery & equipment, and construction in the region. Therefore, it is anticipated to increase the growth of the aluminum extruded products market in the Asia Pacific region. Moreover, foreign direct investment in developing countries such as China, and India is increasing which gives wide scope for the setting up of new industries in the region. According to the World Investment Report 2021, FDI inflows into Asia increased by 4% in 2020, excluding Hong Kong China, which declined by 6%. Furthermore, investment in China increased by 6%, totaling USD 149 billion.

Market Segmentation

Our in-depth analysis of the global aluminum extruded products market includes the following segments:

By End-Users

• Automotive

• Construction

• Machinery & Equipment

• Electrical & Electronics

• Others

By Type

• Power Coated

• Anodized

• Mill- Finished

Growth Drivers and Challenges Impacting the Growth of the Global Aluminum Extruded Products Market

Growth Drivers

• Rise in the demand for these products for use in building and construction projects

• Increase in the adoption of aluminum extruded products in the automotive sector

Challenges

• Lack of awareness related to these products

• Increasing defects in the aluminum extruded products during the manufacturing process

Key Companies Dominating the Global Aluminum Extruded Products Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global aluminum extruded products to market that are included in our report are Bonnell Aluminum, Rio Tinto plc, Alcoa Corporation, ETEM, Banco Aluminium Limited., ZAHIT ALUMINYUM, BHP Billiton Limited, QALEX, Constellium, Taixing Sainty Industry Co., Ltd., and others.

Latest Developments in the Global Aluminum Extruded Products Market:

• 4 November 2020: QALEX, announced the acquisition of Abdul Noor Aluminium Extrusion Factory.  The purpose of the QALEX, long-term supply deal with Abdul Noor Aluminium Factory to provide all of the aluminum profiles used in their BREDI SYSTEM, as well as all future systems relating to windows, doors, and façades that Abdul Noor will create to meet the needs of the local market.

• 19 May 2022: Alcoa Corporation has signed a renewable energy contract to support the planned restart of aluminium smelting at the San Ciprián smelter in Spain in 2024.

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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