New York, United States, July 07, 2022 (GLOBE NEWSWIRE) -- The aluminum extrusion market is the talk of the town at the current times in the global industrial scenario, with the advantages it comes with. The light-weight and durable products with high corrosion resistance caters to most of the needs of the manufacturing industries globally. The global aluminum extrusion market is mainly categorized into four regions, namely- North America, Europe, Asia-Pacific, and Middle-East & Africa. The Asia-Pacific region is the most dominant one registering a CAGR of 7% by 2030.
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Demand for Customized Extruded Products in Various Industries Creating Opportunities for Manufacturers and Start-Up Owners
Today, industries are focusing more on providing cutting-edge technology to their consumers and making their user experience memorable with their products. This is why the majority of the industries are trying to customize their products with respect to the needs and demands of their end consumers. Aluminum extruded material is the only affordable option available in the market that can be utilized effectively for the said purpose.
With the aluminum extrusion process, manufacturers can produce a wide range of products irrespective of size and shape on a single machine or equipment. A single equipment can help you produce a number of products without any extra costs incurred by the machinery. As the demand for customized extruded products is increasing, it is expected to create further opportunities for the market, manufacturers and potential start-up owners.
Report Metric and Details
| Report Metric | Details |
| Market Size | USD 146.2 Billion by 2030 |
| CAGR | 6% (2022-2030) |
| Historical Data | 2019-2020 |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Product, By End-Use, By Region |
| Geographies Covered | North America, Europe, Asia-Pacific, LAME and Rest of the World |
| Key Companies Profiled/Vendors | Aluminum Products Company, Arconic Corporation, Bahrain Aluminum Extrusion Co. (Balexco), Century Extrusions limited, China, Zhongwang, Hindalco |
| Key Market Opportunities | Increase in Demand for Customized Extruded Products Creating Opportunities for Manufacturers and Start-Up Owners |
| Key Market Drivers | Increase in Demand for Light-Weight, Durable, and High-Corrosion Resistant Extruded Products Driving the Aluminum Extrusion Market Growth |
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Impact of Covid-19 on Global Aluminum Extrusion Market –
There is nothing new and extravagant to discuss the adverse effects of the Covid-19 pandemic, as almost everybody on the planet has been antagonistically impacted by the pandemic. The aluminum extrusion market saw slight ruin with the decrease in the interest for automotive and development needs, as the whole business was positioned at a point.
As indicated by a report, the global market saw a sharp decrease in the said period which straightforwardly impacted the advancement of the aluminum extrusion market. Alongside this, the lockdown across the globe made an interruption of the worldwide inventory network, which is the justification for the postponements on imports and commodities, causing huge production and demand & supply gap.
Key Highlights –
- The global aluminum extrusion market was valued at USD 86,537 million in 2021 and is expected to reach the valuation of USD 1,46,202 million by 2030. The market is expected to grow at a CAGR of 6% during the forecast period (2022–2030).
- By product type, the mill-finished products segment is expected to dominate the market with an estimated figures of USD 82628 million by 2030 at a CAGR of 6%.
- By end-use, the building and construction segment has the maximum market value of USD 85167 million by 2030 at the CAGR of 6%.
- The Asia-Pacific region holds the major share of the global aluminum extrusion market with an estimated market value of USD 41466 million by 2030 at a CAGR of 7%.
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List of Key Players –
- Aluminum Products Company
- Arconic Corporation
- Bahrain Aluminum Extrusion Co. (Balexco)
- Century Extrusions limited
- China Zhongwang
- Hindalco
Global Aluminum Extrusion Market Segmentation –
By Product
- Mill-Finished
- Anodized
- Powder Coated
By End-Use
- Building & Construction
- Automotive & Transportation
- Electrical & Electronics
By Region
- North America
- Europe
- Asia-Pacific
- Middle-East & Africa
TABLE OF CONTENT
1 Introduction
1.1 Market Definition
1.2 Market Scope
2 Research Methodology
2.1 Primary Research
2.2 Research Methodology
2.3 Assumptions & Exclusions
2.4 Secondary Data Sources
3 Executive Summary
4 Market Overview
4.1 Report Segmentation & Scope
4.2 Value Chain Analysis: Aluminum Extrusion Market
4.2.1 Vendor Matrix
4.3 Key Market Trends
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.4 Porter’s Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Environment & Regulatory Landscape
4.6 Forecast Factors & Relevance of Impact
4.7 Macro-Economic & Geopolitical Scenario
4.8 Parent Market Overview
4.9 Technology Landscape
4.10 Market Share Analysis
4.11 Potential Venture Analysis
4.12 Regional Price Trends
4.13 Raw Material Trends
4.14 Cost Structure Analysis
4.14.1 Labor Cost
4.14.2 Consumables
4.14.3 Maintenance Cost
4.15 Covid-19 Impact Analysis:
4.15.1 Pre and Post Covid-19 Market Scenario Analysis
4.15.2 Market Recovery Timeline and Challenge
4.15.3 Measures Taken by Top Players
4.15.4 Quarterly Market Revenue and Growth Forecast till 2021
4.15.4.1 North America
4.15.4.2 Europe
4.15.4.3 Asia-Pacific
4.15.4.4 Central and South America and the Caribbean
4.15.4.5 The Middle East and Africa
5 Product Overview
5.1 Introduction
5.1.1 Market Size & Forecast (Value & Volume)
5.2 Mill-Finished
5.2.1 Market Size & Forecast (Value & Volume)
5.3 Anodized
5.3.1 Market Size & Forecast (Value & Volume)
5.4 Powder Coated
5.4.1 Market Size & Forecast (Value & Volume)
6 End User Overview
6.1 Introduction
6.1.1 Market Size & Forecast (Value & Volume)
6.2 Building & Construction
6.2.1 Automotive & Transportation
6.3 Electrical & Electronics
7 Regional Overview
7.1 Introduction
7.1.1 Market Size & Forecast (Value & Volume)
7.2 North America
7.2.1 Economic Overview
7.2.2 Market Scenario
7.2.3 U.S.
7.2.4 Canada
7.2.5 Mexico
7.3 Central and South America and the Caribbean
7.3.1 Economic Overview
7.3.2 Market Scenario
7.3.3 Brazil
7.3.4 Argentina
7.3.5 Colombia
7.3.6 Rest of Central and South America and the Caribbean
7.4 Europe
7.4.1 Economic Overview
7.4.2 Market Scenario
7.4.3 Germany
7.4.4 France
7.4.5 The U.K.
7.4.6 Italy
7.4.7 The Rest Of Europe
7.5 Asia-Pacific (APAC)
7.5.1 Economic Overview
7.5.2 Market Scenario
7.5.3 China
7.5.4 Japan
7.5.5 India
7.5.6 Australia
7.5.7 South Korea
7.5.8 Rest Of APAC
7.6 Middle East
7.6.1 Economic Overview
7.6.2 Market Scenario
7.6.3 South Arabia
7.6.4 The UAE
7.6.5 Qatar
7.6.6 Oman
7.6.7 Turkey
7.6.8 The Rest Of Middle East
7.7 Africa
7.7.1 Economic Overview
7.7.2 Market Scenario
7.7.3 Nigeria
7.7.4 South Africa
7.7.5 The Rest Of Africa
8 Competitive Landscape — Manufacturers & Suppliers
8.1 Competition Dashboard
8.2 Industry Structure
8.3 Aluminum Products Company
8.3.1 Business Overview
8.3.2 Financial Performance
8.3.3 Recent Developments
8.3.4 Portfolio
8.4 Arconic Corporation
8.5 Bahrain Aluminum Extrusion Co. (Balexco)
8.6 Century Extrusions limited
8.7 China Zhongwang, Hindalco
9 Conclusion & Recommendation
10 Acronyms & Abbreviations
Detailed Information of Table of Content and Figure
Market News –
- In December 2021, Aluminum Products Company signed a treaty to achieve the international copper alliance membership.
- In April 2021, Arconic Corporation purchased Group annuity contract to reduce the gross pension obligation by USD 1 billion.
- In December 2020, Hindalco announced the opening of new production facility at Silvassa to strengthen company’s market presence over the western and southern regions of India.
News Media:
Asia-Pacific’s Aluminum Beverage Cans to Be the Fastest Growing Market During the Forecast Period
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