Aluminum Extrusion Market Overview:
According to the latest report by IMARC Group, titled “Aluminum Extrusion Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the global aluminum extrusion market. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global aluminum extrusion market size reached 29.4 Million Metric Tons in 2021. Looking forward, IMARC Group expects the market to reach 38.6 Million Metric Tons by 2027, exhibiting a growth rate (CAGR) of 4.7% during 2022-2027.
Aluminum extrusion is the process of melting an aluminum alloy bar and transforming it into a specific shape by extruding it through a cross-sectional die. It is used to obtain aluminum with a smooth and fine finish that can be buffed, polished, painted and powder coated. Extruded aluminum is stable, lightweight, malleable, ductile, corrosion-resistant, recyclable and dependable. As it offers excellent electrical and thermal conductivity, aluminum extrusion is extensively utilized in the electrical, automotive, transportation and construction industries worldwide.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Aluminum Extrusion Market Trends:
The rising popularity of green construction, along with the increasing focus on sustainable development, represents one of the factors impelling the market growth. Moreover, inflating income levels of individuals are boosting the adoption of extruded aluminum as a preferred green building material.
In addition, it is a major element used for designing key automobile components to minimize their overall weight, enhance fuel efficiency and reduce greenhouse gas (GHG) emissions. Apart from this, initiatives implemented by various governments to encourage the use of eco-friendly vehicles across the globe are strengthening the market growth.
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Key Market Segmentation Breakup by:
End-Use Industry:
- Building and Construction
- Transportation
- Machinery and Equipment
- Consumer Durables
- Electrical
- Others
Product Type:
- Mill Finished
- Anodized
- Powder Coated
Alloy Type:
- 1000 Series Aluminum Alloy
- 2000 Series Aluminum Alloy
- 3000 Series Aluminum Alloy
- 5000 Series Aluminum Alloy
- 6000 Series Aluminum Alloy
- 7000 Series Aluminum Alloy
Competitive Landscape:
The competitive landscape of the market has also been studied in the report with the detailed profiles of the key players operating in the market.
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
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Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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