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Global Aluminum Extrusion market with COVID-19 Impact Analysis By product type (Mill-finished, Anodized, and Powder Coated) By End-user(Building and Construction, Electrical and Electronics, Automotive & Transportation, Industrial, and Others) By Region (North America, Europe, Asia Pacific South America, Middle East & Africa) - Global Forecast to 2027
Global Aluminum Extrusion market overview.
The worldwide market for the Global aluminum extrusion market is estimated at US$ 77.9 Billion in 2020 and is expected to reach $119 billion by 2027, a CAGR of 5.5 percent from 2021 to 2027. The aluminum extrusion market witnessed a swift downfall due to the decline in energetic exertions pressure and fast mission delays. Meanwhile, developing prominence of automation and mild weight electric-powered cars are predicted to create rewarding market opportunities. An increase in the call for lightweight and sturdy extruded merchandise in numerous industries is anticipated to power the market increase of aluminum extrusion at some point in the forecast period.What is Aluminum Extrusion?
Aluminum extrusion is the method of shaping the aluminum with a shaped beginning in a die. During the extrusion method, a ram pushes the aluminum product via die form, and it comes out taking the equal form of the die. After the extruded merchandise is cooled down, they’ve moved to a stretcher to lead them to completely straight. Aluminum extrusion is discovered in 3 shapes, specifically hollow, semi-hollow, and solid. Aluminum extrusions are extensively utilized in building & construction, automotive & transport, and electric industries.GROWTH DRIVER
Increase in call for lightweight and sturdy extruded products.
An increase in the call for lightweight and sturdy extruded merchandise in diverse industries is predicted to power the marketplace boom of aluminum extrusion throughout the forecast period. The lightweight and excessive aluminum energy-to-weight ratio make it perfect for massive structures and homes to offer brought energy at a reduced weight. Aluminum merchandise owns excessive tensile energy and excessive rigidity, which make it exceptionally proof against deformation.High corrosion resistance and durability
The excessive corrosion resistance of extruded aluminum is anticipated to gas the call for in electrical, electronics, and scientific sectors. Due to the thick aluminum oxide layer, after anodizing or powder coating, such extrusion will become incredibly proof against corrosion, in contrast to metal and iron. It ends at decreased upkeep price for numerous business products.PRE COVID 19 IMPACT
With aluminum extrusion, enterprise gamers generated various extruded merchandise with diverse styles and sizes at the identical equipment. It witnessed a speedy downfall, thanks to a decline in positive exertions pressure and speedy mission delays. Meanwhile, developing prominence of automation and mild weight electric-powered cars are anticipated to create profitable market opportunities.COVID-19 IMPACT
The aluminum extrusion market is anticipated to witness a brief downfall, attributable to a decline in calls for cars and constructions. Consumers intend to go home to buy necessities; however, they keep low engagement in shared services. According to the United Nations Environment Programme (UNEP), in 2020, the worldwide production enterprise market boom witnessed a sharp decline of around 6% from 2019. Also, the development tasks throughout the globe bogged down via way of means of 24% after the pandemic. In addition, a big wide variety of producing industries and industrial regions went below complete lockdown for the remaining six to 8 months, thereby negatively impacting the market boom.POST COVID-19 IMPACT
The Aluminum extrusion market will grow in the forecast period once the covid –19 impact is nullified. Furthermore, prolonged lockdown throughout the globe negatively affected the worldwide delivery chain of alumina and bauxite mining. Regulations on cross-border imports and exports behind schedule the lead time for replenishing uncooked materials, negatively affecting the upstream process. However, implementation of clever mining, robotics, and synthetic intelligence in production and mining web websites will lower the variety of energetic exertions on the store floor; thus, proscribing, in addition, unfolds the virus. It is predicted to enhance the marketplace scenario slowly.PRODUCT TYPE SEGMENTAL ANALYSIS
The aluminum extrusion market is segmented into mill-finished, anodized, and powder coated based on product type. Mill-finished extrusion accounted for maximum sales proportion in 2020 because of upward thrust in call for low-fee extruded aluminum merchandise for electric and automobile packages, including cylinder heads, blocks, and covers.END-USER TYPE ANALYSIS
The aluminum extrusion market segmentation into building and construction, electrical and electronics, automotive & transportation, industrial, and others based on end-user type. The building and construction phase accounted for the best sales proportion in 2020. Aluminum extrusion is predicted to update traditional substances in many business places because of its lightweight, excessive corrosion resistance, and excessive electricity to weight ratio due to aluminum’s excess electricity to weight ratio, miles extra appropriate for huge homes in seismic zones. For instance, aluminum’s electricity to weight ratio is 1/8, while for chrome steel, it’s miles 1/16. Industrial quit person is predicted to witness maximum marketplace growth because of upward push in call for lightweight aluminum profiles in numerous business applications, which is predicted to force the marketplace growth.REGION SEGMENTAL ANALYSIS
The aluminum extrusion market segmentation is into North America, Asia Pacific, Europe, South America and the middle east & Africa. Asia-Pacific accounted for the highest revenue proportion in 2019 due to the big software of aluminum extrusion in production and automobile industries throughout China, India, and Japan. For instance, the dome spans of Hunan provincial authorities’ workplace and the exhibition facilities in Changsha are the product of aluminum extrusion alloys. Moreover, China being the biggest manufacturer of automobiles, has many call for aluminum extrusion in passenger and mild trucks.COMPETITOR ANALYSIS
Some key players are Hindalco Industries Limited, Aluminium Products Company (ALUPCO), Arconic Corporation, Bahrain Aluminium Extrusion Co. (BALEXCO), China Zhongwang, Constellium N. V., and Gulf Extrusion Co. LLC.KEY STAKEHOLDERS
- Market research and consulting firms
- Industry Associations
- Global aluminum extrusion die market manufacturing firms
- Research Organizations and consulting companies
- Organizations, associations, and alliances related to microarray analysis.
- Regulatory Bodies
- Suppliers
- Retailers
RECENT DEVELOPMENTS
Towards power sustainability, particularly within the production zone and offering superior solutions, ALUPCO has shaped strategic partnerships with International groups like ALUK (Italian Architectural Systems Company) and ALUBOND (American Brand of Aluminium Composite Panels). 1) ALUPCO is widely recognized for its kind of Aluminium extruded profiles in distinctive shapes and floor remedies like mill end, powder-coated, anodized, wooden end and polished. ALUPCO has additionally advanced its personal Architectural Thermal Break Systems for doors, home windows and curtain partitions to decrease warmth switch withinside the homes from outdoor to inside. 2) Hindalco Industries Limited, the Aditya Birla Group metals flagship, introduced plans to installation a 34,000-tonne extrusion plant at Silvassa. The new plant will carrier the fast-developing marketplace for extruded aluminum merchandise withinside the western and southern regions. The ₹730-crore task in Silvassa indicators a huge breakthrough in Hindalco’s downstream approach because the employer actions in advance with its long-time period downstream funding plan. The employer’s reason is to construct a bigger value-brought product portfolio over the following couple of years. This funding suggests self-assurance withinside the economic revival, which will develop the call for downstream value-brought merchandise. 3) Balexco is making new structures to satisfy the marketplace modern call for and preserve up with the market place a modern call for and with the layout fashion which incorporates offers any unique characteristic necessities that designers can contain withinside the manner.Scope of the Report
| Report Attribute | Details |
|---|---|
| Market Size Value in 2020 | USD 77.9 billion |
| The revenue forecast in 2027 | USD 119 Billion |
| Growth Rate | CAGR Of 5.5% from 2021-2027 |
| Historical data | 2017-2019 |
| Quantitative units | Revenue in USD Million |
| Region covered | North America, Asia Pacific, Europe, South America, Middle East & Africa. |
| Key companies Profiled | Hindalco Industries Limited, Aluminum Products Company (ALUPCO), Arconic Corporation, Bahrain Aluminum Extrusion Co. (BALEXCO), China Zhongwang, Constellium N.V., and Gulf Extrusion Co. LLC. |
MARKET MODELING
BY PRODUCT TYPE- Mill Finished
- Anodized
- Powder Coated
- Building and construction
- Electrical and electronics
- Automotive & Transportation
- Industrial
- OtherA
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Report Content
- Research Strategic Development
1.1 Market Modelling
1.2 Product Analysis
1.3 Market Trend and Economic Factor Analysis
1.4 Market Segmental Analysis
1.5 Geographical Mapping
1.6 Country Wise Segregation
- Research Methodology
2.1 Identification of Targeted Market
2.2 Data Acquisition
2.3 Refining of Data/ Data Transformations
2.4 Data Validation through Primary Techniques
2.5 Exploratory Data Analysis
2.6 Graphical Techniques/ Analysis
2.7 Quantitative Technique Analysis
2.8 Visual Result/ Presentation
- Executive Summary
- Market Insights
4.1 Supply Chain Analysis
4.2 Economic Factor Analysis
4.2.1 Drivers
4.2.2 Trends
4.2.3 Opportunities
4.2.4 Challenges
4.3 Technological Landscape
4.4 Competitors and Product Analysis
4.5 Regulatory Framework
4.6 Company Market Share Analysis, 2020
4.7 Porter’s Five Forces Analysis
4.8 New Investment analysis
4.9 PESTEL Analysis
4.10 Pre Covid Impact
4.11 Covid-19 Impact
4.11 Post Covid Impact
- Global Aluminum Extrusion market overview
5.1 Market Size & Forecast, 2017-2027
5.1.1 Demand
5.1.1.1 By Value (USD Million)
5.2 Market Share & Forecast,2017-2027.
5.2.1 By Product type
5.2.1.1 Mill Finished
5.2.1.2 Anodized
5.2.1.3 Power Coated
5.2.2 By End-User Industry
5.2.2.1 Building and Construction
5.2.2.2 Electrical and Electronics
5.2.2.3 Automotive & Transportation
5.2.2.4 Industrial
5.2.2.5 Others
5.2.3 By Region
5.2.3.1 North America
5.2.3.2 Europe
5.2.3.3 Asia Pacific
5.2.3.4 South America
5.2.3.5 the Middle East & Africa
- North America Aluminum Extrusion Market Overview
6.1 North America Aluminum Extrusion Market Size & Forecast 2017-2027
6.1.1 Demand
6.1.1.1 By Value (USD Million)
6.2 North America Aluminum Extrusion Market Share & Forecast 2017-2027
6.2.1 By Product Type
6.2.1.1 Mill Finished
6.2.1.2 Anodized
6.2.1.3 Power Coated
6.2.2 By end-user industry
6.2.2.1 Building and Construction
6.2.2.2 Electrical and Electronics
6.2.2.3 Automotive & Transportation
6.2.2.4 Industrial
6.2.2.5 Others
6.2.3 By Country
6.2.3.1 US
6.2.3.2 Canada
6.2.3.3 Mexico
6.3 Company Market Share
6.4 Economic impact study on Aluminum Extrusion Market North America
- Europe Aluminum Extrusion Market Overview
7.1 Europe Aluminum ExtrusionMarket Size & Forecast 2017-2027
7.1.1 Demand
7.1.1.1 By Value (USD Million)
7.2 Europe Aluminum Extrusion Market Share & Forecast 2017-2027
7.2.1 By Packaging Type
7.2.1.1 Mill Finished
7.2.1.2 Anodized
7.2.1.3 Power Coated
7.2.2 By end-user industry
7.2.2.1 Building and Construction
7.2.2.2 Electrical and Electronics
7.2.2.3 Automotive & Transportation
7.2.2.4 Industrial
7.2.2.5 Others
7.2.3 By Country
7.2.3.1 Germany
7.2.3.2 UK
7.2.3.3 France
7.2.3.4 Italy
7.2.3.5 Rest of Europe
7.3 Company Market Share
7.4 Economic impact study on Aluminum Extrusion Market Europe
- Asia Pacific Aluminum Extrusion Market Overview
8.1 Aluminum ExtrusionMarket Size & Forecast 2017-2027
8.1.1 Demand
8.1.1.1 By Value (USD Million)
8.2 Asia Pacific Aluminum Extrusion Market Share & Forecast 2017-2027
8.2.1 By Product Type
8.2.1.1 Mill Finished
8.2.1.2 Anodized
8.2.1.3 Power Coated
8.2.2 By end-user industry
8.2.2.1 Building and Construction
8.2.2.2 Electrical and Electronics
8.2.2.3 Automotive and Transportation
8.2.2.4 Industrial
8.2.2.5 Others
8.2.3 By Country
8.2.3.1 China
8.2.3.2 India
8.2.3.3 Japan
8.2.3.4 Australia
8.2.3.5 Rest of Asia pacific
8.3 Company Market Share
8.4 Economic impact study on Aluminum Extrusion Market Asia Pacific.
- South America Aluminum Extrusion Market Overview
9.1 Aluminum ExtrusionMarket Size & Forecast 2017-2027
9.1.1 Demand
9.1.1.1 By Value (USD Million)
9.2 South America Aluminum Extrusion Market Share & Forecast 2017-2027
9.2.1 By Product Type
9.2.1.1 Mill Finished
9.2.1.2 Anodized
9.2.1.3 Power Coated
9.2.2 By end-user industry
9.2.2.1 Building and Construction
9.2.2.2 Electrical and Electronics
9.2.2.3 Automotive & Transportation
9.2.2.4 Industrial
9.2.2.5 Others
9.2.3 By Country
9.2.3.1 Brazil
9.2.3.2 Argentina
9.2.3.3 Rest of South America
9.3 Company Market Share
9.4 Economic impact study on Aluminum Extrusion Market South America.
- South America Aluminum Extrusion Market Overview
10.1 Aluminum ExtrusionMarket Size & Forecast 2017-2027
10.1.1 Demand
10.1.1.1 By Value (USD Million)
10.2 South AmericaAluminum ExtrusionMarket Share & Forecast 2017-2027
10.2.1 By Product Type
10.2.1.1 Mill Finished
10.2.1.2 Anodized
10.2.1.3 Power Coated
10.2.2 By end-user industry
10.2.2.1 Building and Construction
10.2.2.2 Electrical and electronics
10.2.2.3 Automotive & Transportation
10.2.2.4 Industrial
10.2.2.5 Others
10.2.3 By Country
10.2.3.1 Saudi Arabia
10.2.3.2 UAE
10.2.3.3 South Africa
10.2.3.4 Rest of Middle East & Africa
10.3 Company Market Share
10.4 Economic impact study on Aluminum Extrusion Market Middle East & Africa.
- Competitor Analysis
11.1 Company Description (Overview)
11.2 Financial Analysis
11.3 Key Products
11.4 Key Management Personnel
11.5 Contact Address
11.6 SWOT Analysis
- Company Profile
12.1 Introduction
12.1.1 Hindalco Industries Limited
12.1.2 Aluminium Products Company (ALUPCO)
12.1.3 Arconic Corporation
12.1.4 Bahrain Aluminium Extrusion Co. (BALEXCO)
12.1.5 China Zhongwang
12.1.6 Constellium N. V
12.1.7 Gulf Extrusion Co. LLC
Frequently Asked Questions (FAQ):
The Building and construction segment accounted for the highest revenue proportion in 2019. Due to aluminum’s excessive power to weight ratio, it’s miles extra appropriate for huge homes in seismic zones. For instance, aluminum’s power to weight ratio is 1/8, while for stainless steel, it’s miles 1/16.
Asia-Pacific accounted for the highest revenue proportion in 2019 due to the big software of aluminum extrusion in production and automobile industries throughout China, India, and Japan.
Some key players are Hindalco Industries Limited, Aluminium Products Company (ALUPCO), Arconic Corporation, Bahrain Aluminium Extrusion Co. (BALEXCO), China Zhongwang, Constellium N. V., and Gulf Extrusion Co. LLC.
The aluminum extrusion market is anticipated to witness a brief downfall due to the decline in calls for cars and constructions. Consumers intend to depart domestically to buy necessities. However, they preserve low engagement in shared services. • According to the United Nations Environment Programme (UNEP), in 2020, the worldwide production enterprise marketplace boom witnessed a sharp decline of around 6% from 2019. Also, the development initiatives throughout the globe bogged down by 24% after the pandemic. • In addition, a wide variety of producing industries and industrial regions went below the full lockdown for six to 8 months, negatively impacting the marketplace boom. • Furthermore, prolonged lockdown throughout the globe negatively affected the worldwide delivery chain of alumina and bauxite mining. Regulations on cross-border imports and exports behind schedule the lead time for replenishing uncooked materials, negatively affecting the upstream process.
Increase in call for lightweight merchandise in constructing and construction, and excessive sturdiness of aluminum extrusion, are the important elements boosting the marketplace growth.
