Global Aluminum Extrusion Market to Reach 43.2 Million Metric Tons by 2032, Stimulated by Rapid Urbanization and Rising Infrastructure Projects

September 18, 2023 | Chemical & Materials

According to the latest report by IMARC Group, titled “Aluminum Extrusion Market Report by 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), End-Use Industry (Building and Construction, Transportation, Machinery and Equipment, Consumer Durables, Electrical, and Others), and Region 2024-2032,” the global aluminum extrusion market size reached 32.0 Million Metric Tons in 2023. Aluminum extrusion is a manufacturing method that involves shaping aluminum alloy billets and profiles by forcing them through a specially designed die or mold to create complex, continuous cross-sectional shapes. It enables the creation of custom profiles with varying shapes and sizes, meeting specific design requirements. It maintains precise dimensions and consistent quality, reducing the need for additional machining. It finds numerous applications in car frames, engine components, and interior trim due to its lightweight and strength properties. It is used in the manufacturing of heat sinks and electronic enclosures for thermal management. Besides this, it is incorporated into conveyor systems, frames, and assembly lines for its strength and ease of customization.

Global Aluminum Extrusion Market Trends:

Rapid urbanization and rising infrastructure projects represent one of the key factors driving the demand for aluminum extrusions in applications like bridges, railways, and public transportation systems. Along with this, the rising need for the upgradation and renovation of existing buildings is augmenting the market growth. Additionally, the increasing adoption of sustainable construction practices and the rising use of aluminum extrusions in energy-efficient building components, such as windows, doors, and curtain walls, are offering a favorable market outlook. Apart from this, the expanding utilization of aluminum extrusion in the automotive industry to reduce vehicle weight, improve fuel efficiency, and meet stringent emission standards is strengthening the growth of the market. The shifting preferences towards electric vehicles (EVs) and the electrification of transport systems are also driving the demand for lightweight materials to improve energy efficiency. Moreover, the growth of the solar energy sector is promoting the use of aluminum extrusions in the manufacturing of solar panel frames and mounting systems. Looking forward, the market volume is projected to reach 43.2 Million Metric Tons by 2032, expanding at a CAGR of 3.3% during 2024-2032.

Market Summary:

Based on the product type, the market has been categorized into mill finished, anodized and powder coated. At present, mill finished represents the leading segment.
On the basis of the alloy type, the market has been divided into 1000, 2000, 3000, 5000, 6000 and 7000 series aluminum alloys. 6000 series aluminum alloy holds the largest market share.
Based on the end-use industry, the market has been segmented into building and construction, transportation, machinery and equipment, consumer durables, electrical and others. Building and construction currently account for the largest market share.
Region-wise, the market has been segregated into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America. Amongst these, Asia Pacific enjoys the leading position in the market.
The competitive landscape of the market has been examined in the report, along with the detailed profiles of the major players operating in the industry.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	Million Metric Tons
Segment Coverage	Product Type, Alloy Type, End-Use Industry, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Customization Scope	10% Free Customization
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Global Aluminum Extrusion Market to Reach 43.2 Million Metric Tons by 2032, Stimulated by Rapid Urbanization and Rising Infrastructure Projects

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