Aluminum Extrusion is the process used to covert aluminum or aluminum alloy into a particular shape or profile for a broad range of applications. The metal experiences a thermomechanical manufacturing process for permanent change, aluminum is an extremely versatile metal that can be processed into a thin, lightweight, formed, and almost crushable. The results from extrusion can be tubes, profiles, rod, or any other complicated shape.
Global extruded aluminium profiles market was valued at US$ 72000.0 Million in 2021, exhibiting a CAGR of 5.67 % during the forecast period (2022 to 2030).
Drivers
The process of aluminum extrusion involves heating raw aluminum in a kiln until it becomes soft enough to be formed. This hot aluminum is further pressed under high pressure through a mold which provides the final shape to the profiles. After the extrusion of the profiles, it is further cooled and then cut into the required sizes. As this process of producing aluminum profiles is cost-effective compared to other processes such as casting, the demand for extruded aluminum profiles is expected to propel in the near future. Moreover, extruded aluminum profiles have fewer restrictions over color and applying methods. Thus, they can be applied via electrodepositing, flow coating, electrostatic spraying, powder coating, and dip coatings. Also, dual colors can be applied to these aluminum profiles, thereby, enhancing their aesthetic appearance. Therefore, no restriction in the application of colors is another major factor augmenting the market growth for extruded aluminum profiles.
The construction and electrical industry have been the pioneers for the development and expansion of the extruded aluminum profiles market. The construction of new airports, commercial, and residential buildings have contributed to the rise of the extruded aluminum profiles market in the region. For instance, according to Coherent Market Insights’ analysis, the construction of mega-projects in the ASEAN region accounted for US$ 2.9 Trillion in 2021.
The COVID-19 outbreak has led to decrease in the cost price of petrochemicals that are majorly used for transportation. This has reduced the transportation cost of raw materials that is required for the production of extruded aluminum profiles. This in turn, is expected to benefit the manufacturers of extruded aluminum profiles. Moreover, unlocking and reopening of industries coupled with shifting focus on infrastructure development is expected to boost the demand for extruded aluminum profiles over the post-pandemic period.
Figure 1. Global Extruded Aluminum Profiles Market Value Share (%), By Region, 2021
To learn more about this report, request a free sample copy
Market Restraints
Bauxite ore is the primary source for the production of aluminum. This ore is chemically processed for the production of alumina. The alumina is further smelted with the help of an electrolysis procedure to produce raw aluminum metal. As the bauxite ore is obtained by undertaking strip mining operations in subtropical and tropical regions, restrictions over mining and related activities are expected to directly impact the market growth for extruded aluminum profiles.
Extruded Aluminum Profiles Market Report Coverage
Report Coverage | Details | ||
---|---|---|---|
Base Year: | 2021 | Market Size in 2021: | US$ 72000.0 Mn |
Historical Data for: | 2017-2020 | Estimated Year: | 2022 |
Forecast Period 2022 to 2030 CAGR: | 5.67% | Forecast Period: | 2022-2030 |
Geographies covered: |
|
||
Segments covered: |
|
||
Companies covered: |
Norsk Hydro ASA, Extal Ltd., Bonnell Aluminum, China Zhongwang Holdings Ltd., China Hongqiao Group Limited, Centaury Aluminum Corporation, China HongquiaoGroup Limited, Schüco International KG, Hindalco Industries Ltd., Sainty Aluminium, Arconic Corporation, and Constellium. |
||
Growth Drivers: |
|
||
Restraints & Challenges: |
|
Market Trends
The demand for anodized aluminum profiles has increased across various industrial sectors over the last few years. As the anodizing is an electrolytic finishing process that can protect the metal parts by forming a uniform layer of oxide of aluminum, its application helps in achieving long lasting color on the aluminum profiles. Demand for anodized aluminum across the automobile industry has also increased in the last few years, especially, for the construction of EVs (electric vehicles). As the weight density of aluminum is one-third of that of other metals such as steel and iron, several EV manufacturers prefer the usage of extruded aluminum profiles.
Figure 2. . Global Extruded Aluminum Profiles Market Value Share (%), By End-use Industry, 2021
To learn more about this report, request a free sample copy
On the basis of end-use industry, in 2021, the construction segment accounted for 43.7% of the revenue share.
Recent Developments
Competitive Section
Major players operating in the global extruded aliminum profiles market include Norsk Hydro ASA, Extal Ltd., Bonnell Aluminum, China Zhongwang Holdings Ltd., China Hongqiao Group Limited, Centaury Aluminum Corporation, China HongquiaoGroup Limited, Schüco International KG, Hindalco Industries Ltd., Sainty Aluminium, Arconic Corporation, and Constellium.
Frequently Asked Questions
Joining thousands of companies around the world committed to making the Excellent Business Solutions.
View All Our Clients