Aluminum extrusion is a process used to convert aluminum alloys into extruded products with definitive cross-sectional shapes for a variety of applications. The malleability of aluminum allows it to be easily machined and cast into extruded products of complex shapes. Custom aluminum extruded products last longer than products made from other materials such as plastic, steel, or other metals. This is mainly due to the high strength of aluminum, its lightweight, and resistance to corrosion.
According to MRFR analysis, the global aluminum extruded products market is expected to be valued at USD 68,983.6 million by the end of 2025, registering a healthy CAGR of 6.61%.
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The factors driving the growth of the market are increasing demand for the product in the construction industry in Asia-Pacific as well as the automotive industry across the globe. Aluminum extruded products are widely used in the construction of commercial buildings, as aluminum extrusion allows to build complex shapes on long continuous pieces, and they can be exploited for numerous construction materials. These products are extensively used in the construction of commercial buildings, e.g., windows and doors, skylights, photovoltaic panel framing, sunrooms, demountable interior walls, light-deflecting shelves, rain screens, and water collection systems, among others.
Furthermore, the increasing use of aluminum extruded products in the manufacturing of electric vehicles and the growing production of battery-based electric vehicles is expected to create lucrative opportunities for the manufacturers operating in the global market.The global market has been divided on the basis of product type, alloy type, and end use. The global market has been categorized into three sub-segments under the product type segment. It includes mill-finished, anodized, powder-coated, wherein the mill-finished segment accounted for the largest market share of 43.0%, by value, in 2017. This is mainly attributed to the high strength, and affordability of the mill-finished products and its wide application in the construction and automotive industries.
Based on alloy type, the global aluminum extruded products market has been segmented into 6000 series aluminum alloys, 7000 series aluminum alloys, 5000 series aluminum alloys, 1000 series aluminum alloys, 2000 series aluminum alloys, and 3000 series aluminum alloys. Among these, the 6000 series aluminum alloys segment held the largest share of over 40% in 2017 and is projected to register a high CAGR of around 6.5% during the review period, owing to its versatility, high strength, and corrosion resistance.
By end use, the global aluminum extruded products market has been segmented into construction, automotive, transportation & logistics, electrical & electronics, and others. Under these segments, the construction segment dominated the global market with the largest market share of over 42% in 2017, owing to the increasing applications and cost-effectiveness. The automotive segment is expected to be the fastest-growing segment at the highest CAGR of over 7% to reach a market value of over USD 21,000 million by the end of 2025.
However, the adverse effects associated with bauxite mining on the environment and human health are likely to restrain the market growth during the forecast period. Furthermore, the defects occurring during the production of the extruded products increase the overall production cost, which is expected to pose a major challenge to players in the market.
FIGURE 1 Global Aluminum Extruded Products Market, by End Use, 2017 (%)
Source: MRFR Analysis
The global aluminum extruded products market has been studied across five key regions, including Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa. The market in Asia-Pacific held the largest market share in 2017 and is projected to register the highest CAGR of over 7% during the forecast period. This is mainly attributed to the robust growth of the automotive and building and construction industries in China, India, and Indonesia is fueling the demand for aluminum extruded products. Increasing investments in the emerging economies of South-East Asia, including Thailand, Indonesia, Singapore, and Myanmar for infrastructure development.
The North American market is estimated to reach USD 7,600 million by the end of 2025, wherein the key market driving factor is stringent regulations about CO2 emissions. The growing adoption of aluminum extruded products in the manufacturing of lightweight components used in premium automobiles and aircraft.
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The Middle East & African market is estimated to register a healthy CAGR of over 6% to reach a market value of approximately USD 4,000 million by the end of 2025. This is primarily attributed to the emerging automotive markets in Saudi Arabia and UAE and the emission regulations and significant growth of the construction sector on account of increasing government investments.
The global aluminum extruded products market has been categorized by product type, alloy type, end use, and region.
By type, the global aluminum extruded products market has been divided into mill-finished, anodized, and powder-coated.On the basis of alloy type, the global aluminum extruded products market has been segmented into 7000 series aluminum alloys, 1000 series aluminum alloys, 5000 series aluminum alloys, 2000 series aluminum alloys, 6000 series aluminum alloys, and 3000 series aluminum alloys.Construction, automotive, electrical & electronics, transportation & logistics, and others are the major end use segments of the global aluminum extruded products market.The global market, by region, has been studied with respect to Europe, Asia-Pacific, North America, Latin America, and the Middle East & Africa.
The key players operating in the global aluminum extruded products market are Hydro Extruded Solutions (Norway), Gulf Extrusions Co. LLC (UAE), China Zhongwang Holdings Limited (China), Constellium (The Netherlands), Arconic (US), Hindalco Industries Limited (India), Century Extrusions Limited (India), QALEX (Qatar), Bonnell Aluminium (US), and TALCO (India), among others.
The report offers a brief country-level analysis for the various regional markets including:
• North America
Rest of Europe
Australia and New Zealand
Rest of Asia-Pacific
• Latin America
Rest of Latin America
• Middle East & Africa
Rest of the Middle East & Africa
• The global aluminum extruded products market is projected to attain a value mark of over USD 68 billion by the end of 2025, expanding at a CAGR of 6.61%, over the forecast period of 2018–2025.
• The mill-finished product type segment dominated the global market with a 40% market share in 2017 and is expected to be valued at over USD 30 billion by the end of 2025.
• The 6000 series aluminum alloys segment dominated the market with a market share of 42% in 2017 and is estimated to register a notable CAGR of 6.7% during the review period.
• By end use, the construction segment dominated the market with approximately 44% share in 2017 and is projected to reach USD 29 billion by the end of 2025.
• Geographically, Asia-Pacific held the largest share of the market in 2017 and is estimated to grow at the highest CAGR of over 7% to reach a market value of over USD 45 billion, by the end of the forecast period (2018–2025).
• Aluminum Extruded Products Manufacturers
• Traders and Distributors of Aluminum Extruded Products Components/Products
• Potential Investors
• Raw Material Suppliers
• Government, Associations, and Industrial Bodies
• End Users
• aluminum profile
• aluminum extrusion profiles
• aluminum extrusion
• extruded aluminum
• metal extrusion
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