Aluminum Extrusion Market is Estimated To Witness High Growth Owing To Increased End-Use Application Demand

 Aluminum Extrusion Market



Market Overview:

Aluminum extrusion is a process used to change the shape of aluminum alloys. Aluminum billets or rods are placed into a hydraulic press and pushed through a pre-formed die to create a part with a constant cross-section. Aluminum extrusions offer advantages such as lightweight, durability, corrosion resistance, and recyclability. They are majorly used across construction, machinery and equipment, electrical, automotive, and others owing to their structural properties and aesthetic appearance.

Market key trends:
One of the major trends driving the Aluminum Extrusion Market Demand growth is the increasing demand from the building and construction sector. Aluminum extrusions find extensive application in window frames, doors, curtain walls, and structural beams owing to attributes such as high strength-to-weight ratio and durability. Furthermore, the growing automotive industry globally has augmented the demand for extruded aluminum parts such as wheels, engine covers, and gearbox casings. Aluminum extrusions help reduce vehicle weight and achieve greater fuel efficiency. In addition, aluminum extrusions have emerged as a substitute for traditional building materials in the green building movement due to their recyclable nature and low carbon footprint during production. The market is thus expected to witness significant growth over the forecast period.


Porter’s Analysis
Threat of new entrants: New entrants face high capital requirements to build production facilities for aluminum extrusion. Established players have advantages of scale and brand recognition.
Bargaining power of buyers: Buyers have moderate bargaining power due to the availability of substitute materials. However, aluminum extrusion has advantages over other materials for certain applications.
Bargaining power of suppliers: A few large companies dominate aluminum production globally, giving them significant influence over prices.
Threat of new substitutes: Other materials like steel, plastics and composite materials pose competition. However, aluminum extrusion has advantages in terms of strength-to-weight ratio, corrosion resistance and recyclability.
Competitive rivalry: Intense competition exists among established industry players.

SWOT Analysis
Strengths: Aluminum extrusion has advantages like high strength-to-weight ratio, corrosion resistance and recyclability. Established industry players have strong production capabilities and brand recognition.
Weaknesses: Aluminum extrusion industry is capital intensive in nature. Fluctuations in raw material prices impact profitability.
Opportunities: Growing demand from construction and transportation sectors especially in developing regions drives market growth. Development of innovative and customized extruded products opens new opportunities.
Threats: Threat from substitute materials impacts sales. Fluctuations in currency exchange rates affect import-export businesses.

Key Takeaways
The global aluminum extrusion market is expected to witness high growth, exhibiting CAGR of 8% over the forecast period, due to increasing construction and transportation activities. The market size is projected to reach over USD 160 Billion by 2032.

Regional analysis: Asia Pacific dominates the global market with over 50% share driven by thriving construction and automotive industries in China, India, Japan and other developing countries. China represents the largest as well as the fastest growing regional market. North America and Europe are other major markets for aluminum extrusion worldwide.

Key players: Key players operating in the aluminum extrusion market are Hindalco Industries, Jindal Aluminum Limited, China Zhongwang Holdings Limited, Constellium N.V., Hydro Extrusions, Arconic Inc., Gulf Extrusions Co. (LLC), TALCO Aluminium Company, Bahrain Aluminium Extrusion Co. (Balexco), Zahit Aluminium and Qatar Aluminium Extrusion Company, and others. Major players are focusing on capacity expansion and new product development to strengthen their position.

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