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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Extrusion is a process where aluminum profiles are molded. The process resembles to that of squeezing toothpaste from a tube. The global extruded aluminum profiles market is estimated to surpass US$ 96,281.8 million by the end of 2027 in terms of revenue, exhibiting a CAGR of 5.1% during the forecast period (2020 to 2027).

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.

Among regions, Asia Pacific held dominant position in the global extruded aluminum profiles market in 2019, accounting for 55.7% market share in terms of revenue, followed by Europe and North America. 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 2019.

Figure 1. Global Extruded Aluminum Profiles Market Revenue Share (%), By Region, 2019

Extruded Aluminum Profiles  | Coherent Market Insights

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. Thus, several governing organizations have setup standards for production of aluminum from bauxites such as the IS 5953 (1985) Standard set up by Government of India. Extinction of water reserves and reduction in air quality due to dust particles in areas near bauxite mines create environmental pollution. For instance, as per the Sustainable Bauxite Mining Guidelines Report published by World Aluminum in May 2018, the water near bauxite mines in Jamaica depleted owing to continuous mining. Thus, several associations such as AAC (Australian Aluminum Council) and ABAL (Associação Brasileira do Alumínio) are setting up regulatory and legislative frameworks to monitor and cater to the issues arising with aluminum production.

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Extruded Aluminum Profiles Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 71,853.3 Mn
Historical Data for: 2017 and 2018 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 5.1% 2027 Value Projection: US$ 96,281.8 Mn
Geographies covered:
  • Regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa
Segments covered:
  • By Alloy Type: 1000 Series Alloy, 3000 Series Alloy, 6000 Series Alloy, Others
  • By Product Type: Pipes & Tubes, Rods & Bars, Shapes
  • By Finish Type: Mechanical, Anodized, Powder Coated, Others
  • By End-use Industry: Construction, Automotive, Artificial Intelligence Infrastructure, Solar Energy, Transportation, Electrical, Others
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:
  • Low density and cost-effectiveness as compared to other metals
  • Increasing demand for aluminum across the globe from construction sector
Restraints & Challenges:
  • Increasing number of environmental issues associated with bauxite mining

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). This can be attributed to the fact that to achieve a high-speed range for a definite battery weight and size in EVs, reduction of dead weight is required. 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 Revenue Share (%), By End-use Industry, 2019

Extruded Aluminum Profiles  | Coherent Market Insights

On the basis of end-use industry, in 2019, the construction segment accounted for 43.7% of the revenue share. The construction industry has played the most significant role in the expansion and development of the extruded aluminum profiles market across the globe. The molding ability of the extruded aluminum makes it possible for the construction players to construct the most unique and complex shapes of buildings. The rise in urbanization and increasing demand for corporate buildings have contributed to the rising demand for extruded aluminum profiles across the globe. For instance, according to a data published by the World Bank, the urban population has risen from US$ 4.05 Bn in 2016 to US$ 4.13 Bn in 2017.

Global Extruded Aluminum Profiles Market - Impact of Coronavirus (Covid-19) Pandemic

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.

Competitive Section

Key players operating in the global extruded aluminum 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.

Aluminum extrusion is a process by which aluminum alloy material is forced through a die with a specific cross-sectional profile. A powerful ram pushes the aluminum through the die and it emerges from the die opening. When it does, it comes out in the same shape as the die and is pulled out along a runout table. The most common extruded shapes are – angles, channels, and round tubes. Aluminum extruded profiles have applications in various industries including architectural, automotive, electronics, aerospace, energy, and others.

In the past, conventional metals such as iron and steel were used across the construction and automobile sectors. However, the limitations associated with the usage of these metals such as heavyweight and density have urged industrial manufacturers to find other alternatives. Thus, the demand for materials such as aluminum started gaining traction across the globe. Moreover, aluminum being one of the most abundantly available metals on the earth owing to ample availability of bauxite ores, its adoption is gaining traction. For instance, as per the USGS (United States Geological Survey) annual report on aluminum, the production of primary aluminum across the U.S. increased by 7.0% from 2018 to 2019. Moreover, properties of aluminum such as higher electric conductivity and ductility as compared to iron have urged industries to shift towards the adoption of aluminum over iron. Further, the ability of aluminum to modify its composition by forming alloys with other materials, makes it widely useful across several operators.

Players operating in the extruded aluminum profiles market are focused on various strategies such as mergers and acquisitions in order to strengthen their market position. For instance, in 2016, China Zhongwang Holdings Limited, a Chinese producer of extruded aluminum profiles, acquired Aleris Corp., one of the prominent U.S.-based aluminum rolled products manufacturers, for US$ 2.3 Bn. This deal permitted China Zhongwang Holdings to smoothly enter the European and American markets.

Key features of the study:

  • This report provides in-depth analysis of extruded aluminum profiles market, and provides market size (US$ Million & KT) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global extruded aluminum profiles market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study 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
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
  • The global extruded aluminum profiles market report caters to various stakeholders in this industry including investors, suppliers, extruded aluminum profiles manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global extruded aluminum profiles market

Detailed Segmentation:

  • Global Extruded Aluminum Profiles Market, By Alloy Type:
    • 1000 Series Alloy
    • 3000 Series Alloy
    • 6000 Series Alloy
    • Others
  • Global Extruded Aluminum Profiles Market, By Product Type:
    • Pipes & Tubes
    • Rods & Bars
    • Shapes
  • Global Extruded Aluminum Profiles Market, By Finish Type:
    • Mechanical
    • Anodized
    • Powder Coated
    • Others
  • Global Extruded Aluminum Profiles Market, By End-use Industry:
    • Construction
    • Automotive
    • Artificial Intelligence Infrastructure
    • Solar Energy
    • Transportation
    • Electrical
    • Others
  • Global Extruded Aluminum Profiles Market, By Region:
    • North America
      • By Alloy Type:
        • 1000 Series Alloy
        • 3000 Series Alloy
        • 6000 Series Alloy
        • Others
      • By Product Type:
        • Pipes & Tubes
        • Rods & Bars
        • Shapes
      • By Finish Type:
        • Mechanical
        • Anodized
        • Powder Coated
        • Others
      • By End-use Industry:
        • Construction
        • Automotive
        • Artificial Intelligence Infrastructure
        • Solar Energy
        • Transportation
        • Electrical
        • Others
      • By Country:
        • U.S
        • Canada
    • Europe
      • By Alloy Type:
        • 1000 Series Alloy
        • 3000 Series Alloy
        • 6000 Series Alloy
        • Others
      • By Product Type:
        • Pipes & Tubes
        • Rods & Bars
        • Shapes
      • By Finish Type:
        • Mechanical
        • Anodized
        • Powder Coated
        • Others
      • By End-use Industry:
        • Construction
        • Automotive
        • Artificial Intelligence Infrastructure
        • Solar Energy
        • Transportation
        • Electrical
        • Others
      • By Country:
        • Germany
        • U.K
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Alloy Type:
        • 1000 Series Alloy
        • 3000 Series Alloy
        • 6000 Series Alloy
        • Others
      • By Product Type:
        • Pipes & Tubes
        • Rods & Bars
        • Shapes
      • By Finish Type:
        • Mechanical
        • Anodized
        • Powder Coated
        • Others
      • By End-use Industry:
        • Construction
        • Automotive
        • Artificial Intelligence Infrastructure
        • Solar Energy
        • Transportation
        • Electrical
        • Others
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Latin America
      • By Alloy Type:
        • 1000 Series Alloy
        • 3000 Series Alloy
        • 6000 Series Alloy
        • Others
      • By Product Type:
        • Pipes & Tubes
        • Rods & Bars
        • Shapes
      • By Finish Type:
        • Mechanical
        • Anodized
        • Powder Coated
        • Others
      • By End-use Industry:
        • Construction
        • Automotive
        • Artificial Intelligence Infrastructure
        • Solar Energy
        • Transportation
        • Electrical
        • Others
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East & Africa
      • By Alloy Type:
        • 1000 Series Alloy
        • 3000 Series Alloy
        • 6000 Series Alloy
        • Others
      • By Product Type:
        • Pipes & Tubes
        • Rods & Bars
        • Shapes
      • By Finish Type:
        • Mechanical
        • Anodized
        • Powder Coated
        • Others
      • By End-use Industry:
        • Construction
        • Automotive
        • Artificial Intelligence Infrastructure
        • Solar Energy
        • Transportation
        • Electrical
        • Others
      • By Country/Region:
        • Middle East
        • Africa
  • Company Profiles
    • Norsk Hydro ASA *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • 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
    • Constellium

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Alloy Type
      • Market Snippet, By Product Type
      • Market Snippet, By Finish Type
      • Market Snippet, By End-use Industry
      • Market Snippet, By Country/Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • PEST Analysis
      • PORTER’s Five Forces Analysis
      • Market Opportunities
      • Regulatory Scenario
      • Key Developments
      • Industry Trend
  4. Global Extruded Aluminum Profiles Market - Impact of Coronavirus (Covid-19)Pandemic
    • Overview
    • Factors Affecting Global Extruded Aluminum Profiles Market – COVID-19
    • Impact Analysis
  5. Global Extruded Aluminum Profiles Market, By Alloy Type, 2017-2027 (US$ Mn & KT)
    • Introduction
      • Market Share Analysis, 2019, 2022, and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • 1000 Series Alloy
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
    • 3000 Series Alloy
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
    • 6000 Series Alloy
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
  6. Global Extruded Aluminum Profiles Market, By Product Type, 2017-2027 (US$ Mn & KT)
    • Introduction
      • Market Share Analysis, 2019, 2022, and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Pipes & Tubes
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
    • Rods & Bars
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
    • Shapes
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
  7. Global Extruded Aluminum Profiles Market, By Finish Type, 2017-2027 (US$ Mn & KT)
    • Introduction
      • Market Share Analysis, 2019, 2022, and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Mechanical
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
    • Anodized
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
    • Powder Coated
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
  8. Global Extruded Aluminum Profiles Market, By End-use Industry, 2017-2027 (US$ Mn & KT)
    • Introduction
      • Market Share Analysis, 2019, 2022, and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Construction
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
    • Automotive
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
    • Artificial Intelligence Infrastructure
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
    • Solar Energy
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
    • Transportation
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
    • Electrical
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
  9. Global Extruded Aluminum Profiles Market, By Region, 2017-2027 (US$ Mn & KT)
    • Introduction
      • Market Share Analysis, By Region, 2019, 2022, and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2020 - 2027
    • North America
      • Country Trends
      • Market Size and Forecast, By Alloy Type, 2017- 2027 (US$ Mn & KT)
      • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & KT)
      • Market Size and Forecast, By Finish Type, 2017- 2027 (US$ Mn & KT)
      • Market Size and Forecast, By End-use Industry, 2017- 2027 (US$ Mn & KT)
        • U.S.
        • Canada
    • Latin America
      • Country Trends
      • Market Size and Forecast, By Alloy Type, 2017- 2027 (US$ Mn & KT)
      • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & KT)
      • Market Size and Forecast, By Finish Type, 2017- 2027 (US$ Mn & KT)
      • Market Size and Forecast, By End-use Industry, 2017- 2027 (US$ Mn & KT)
        • Brazil
        • Argentina
        • Mexico
    • Rest of Latin AmericaEurope
      • Country Trends
      • Market Size and Forecast, By Alloy Type, 2017- 2027 (US$ Mn & KT)
      • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & KT)
      • Market Size and Forecast, By Finish Type, 2017- 2027 (US$ Mn & KT)
      • Market Size and Forecast, By End-use Industry, 2017- 2027 (US$ Mn & KT)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Country Trends
      • Market Size and Forecast, By Alloy Type, 2017- 2027 (US$ Mn & KT)
      • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & KT)
      • Market Size and Forecast, By Finish Type, 2017- 2027 (US$ Mn & KT)
      • Market Size and Forecast, By End-use Industry, 2017- 2027 (US$ Mn & KT)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Middle East & Africa
      • Country Trends
      • Market Size and Forecast, By Alloy Type, 2017- 2027 (US$ Mn & KT)
      • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & KT)
      • Market Size and Forecast, By Finish Type, 2017- 2027 (US$ Mn & KT)
      • Market Size and Forecast, By End-use Industry, 2017- 2027 (US$ Mn & KT)
        • Middle East
        • Africa
  10. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • Norsk Hydro ASA
        • Company Overview
        • Product Portfolio
        • Recent Developments/Updates
      • Extal Ltd.
        • Company Overview
        • Product Portfolio
        • Recent Developments/Updates
      • Bonnell Aluminum
        • Company Overview
        • Product Portfolio
        • Recent Developments/Updates
      • China Zhongwang Holdings Ltd.
        • Company Overview
        • Product Portfolio
        • Recent Developments/Updates
      • China Hongqiao Group Limited
        • Company Overview
        • Product Portfolio
        • Recent Developments/Updates
      • Centaury Aluminum Corporation
        • Company Overview
        • Product Portfolio
        • Recent Developments/Updates
      • China HongquiaoGroup Limited
        • Company Overview
        • Product Portfolio
        • Recent Developments/Updates
      • Schüco International KG
        • Company Overview
        • Product Portfolio
        • Recent Developments/Updates
      • Hindalco Industries Ltd.
        • Company Overview
        • Product Portfolio
        • Recent Developments/Updates
      • Sainty Aluminium
        • Company Overview
        • Product Portfolio
        • Recent Developments/Updates
      • Arconic Corporation
        • Company Overview
        • Product Portfolio
        • Recent Developments/Updates
      • Constellium
        • Company Overview
        • Product Portfolio
        • Recent Developments/Updates
  11. Section
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 50 market data tables* and 40 figures* on "Extruded Aluminum Profiles Market” - Global forecast to 2027.

FAQgrowicon

Frequently Asked Questions

The global extruded aluminum profiles market is estimated to surpass US$ 96,281.8 million by 2027 and is expected to exhibit a CAGR of 5.1% between 2020 and 2027.
The low density and cost-effectiveness of extruded aluminum profiles as compared to other metals, is expected to drive the market growth during the forecast period.
The adoption of anodized aluminum profiles across various industrial domains is expected to drive demand for market.
Increasing number of environmental issues associated with bauxite mining acts as a restraining factor for the market.
Major players operating in the 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.
The market was valued at US$ 71,853.3 million in terms of revenue in 2019.
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