Aluminum Extrusion Market Worth USD 115,761.53 Million by 2030 at 6.30% CAGR - Report by Market Research Future (MRFR)

2022-06-24 20:45:15 By : Mr. Fang Zhan

Aluminum Extrusion Market Insights and Industry Analysis by Product Type (Mill finished, Anodized, Powder coated) Alloy Type (2000 Series Aluminum, 3000 Series Aluminum, 5000 Series Aluminum, 6000 Series Aluminum, 7000 Series Aluminum) Application (Building and Construction, Automotive and Transportation, Electrical and Electronics, Consumer Goods, Machinery) and Region, Competitive Market Size, Share, Trends, and Forecast to 2030

New York, USA, June 24, 2022 (GLOBE NEWSWIRE) -- Aluminum Extrusion Market Overview

According to a Comprehensive Research Report by Market Research Future (MRFR), “Aluminum Extrusion Market Information by Product Type, Alloy Type, Application and Region - Forecast till 2030”, the market is estimated to grow at a 6.30% CAGR to reach USD 115,761.53 Million by 2030.

Aluminum extrusion is an advanced method used for transforming aluminum alloys into several unique products for industries and consumers. This method is used to develop objects that have a certain cross-sectional profile by forcing the material via a die of the cross-section.

Aluminum extrusions find widespread deployment in automotive, electronics, bridge decking, mass transit, solar/renewable energy, and telecommunications industries. Three types of shapes are generally extruded, namely hollow, semi-hollow, as well as solid.

Get Free Sample PDF Brochure @

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

By Product Type, Alloy Type, Application and Region

North America, Europe, Asia-Pacific, and Rest of the World (RoW)

New infrastructure development is a driving force

Growing investments in the housing sector

The important companies in the aluminum extrusion industry are

Hulamin Ltd In February 2022, Novelis introduced a net-zero laboratory by joining hands with HES-SO Valais-Wallis for the development of carbon-neutral solutions pertaining to aluminum manufacturing.  With this, the company will spend on research on decarbonizing, with the aim to become carbon neutral by 2050.

Mounting concerns with regard to carbon emissions as a result of mining as well as extraction activities have fostered the use of alternative raw materials, like aluminum. The NHTSA has implemented stringent emission regulations over the years. These regulations determine the stringency of the carbon dioxide standards, which has resulted in a rise in the fuel economy by 1.5% from 2021 to 2026. This should result in an augmented demand for a variety of aluminum components in the automotive industry in subsequent years.

The aerospace & defense, and construction industries are some of a few other prominent end-users of aluminum. The surge in the number of construction activities worldwide has led to a higher need for various aluminum products. Also, the low weight and costs of extrusion products contribute to their significant demand in numerous industrial applications, particularly in the aerospace & defense and construction sectors.

Substantial setup costs along with the low production rate can be a major challenge for the aluminum extrusion companies in the market. Owing to the slow and complicated extrusion process, a continuous and optimum production level is rarely achieved.

Nonetheless, the heightened demand for flexible design can give rise to attractive opportunities for aluminum extrusion market vendors in the following years.

Browse In-depth Market Research Report (150 Pages) on Aluminum Extrusion:

The aluminum extrusion industry has been considerably affected by the COVID-19 outbreak. Given the pandemic scenario, numerous countries had to go under a lockdown, to control the rising cases. Owing to this, the demand and supply chain have been disrupted, which has affected the worldwide market. The infrastructural projects, manufacturing units, industries, and various operations had to be put on hold owing to the pandemic situation.

The volatile costs of raw materials coupled with the COVID-19 pandemic have restricted the growth rate of the global market. On the bright side, the situation is getting back to normal, which means that the market in the future will see better growth. Also, the emergence of vaccines for the novel coronavirus and the reopening of several recycling units worldwide would result in the re-initiation of the aluminum extrusion market at its full-scale capacity.

Anodized, Mill finished, and Powder coated are the top product types considered in the study.

7000 Series Aluminum, 3000 Series Aluminum, 2000 Series Aluminum, 6000 Series Aluminum, and 5000 Series Aluminum are the major alloy types studied in the report.

Machinery, automotive and transportation, building and construction, consumer goods, electrical and electronics, and others are the major segments, depending on application. The building and construction industry has gained the top spot in the market, given the extensive deployment of extruded products in various construction activities, in view of the rising spending on the housing sector. The biggest construction industry is in China, considering the country’s tendency to spend heavily on new housing development. The second position has been garnered by the automotive and transportation sector, which will also capture a lucrative growth between 2020 and 2030.

Buy Now:

Asia Pacific is the dominant market for aluminum extrusion. The region will keep amassing significant revenues all through the forecast period thanks to the strong presence of a highly established manufacturing sector in China, Vietnam, India, South Korea, and Japan. However, out of these nations, China will be the prime market and the highest contributor to the region’s growth, given the country’s thriving construction industry. The Chinese government is planning to invest in energy and transport infrastructure in the coming years, which is likely to favor the APAC market in the approaching years.

North America will be one of the highest gainers in the worldwide market in the years ahead, on account of the jumpstart experienced by industrial operations following the pandemic. Government initiatives with regard to economic development will also ensure sustained market expansion. For instance, in October 2020, a new infrastructural scheme valued at CAD 7.5 billion (~USD 5.8 billion) by Canada was introduced, which would push several renewable energy initiatives and create jobs in the country. The decline in the production of automobiles due to the pandemic has reduced the demand for aluminum and related products. With the focus now on recovering from the loss, the key producers in the region are teaming up to facilitate improvements in the automotive industry by backing schemes, including the vehicle-renewal scheme that aims to bolster sales of eco-friendly vehicles, like clean EVs and ICEs. This will quite possibly leave a profound impact on the aluminum extrusion industry in the region.

Share your Queries @

Discover more research Reports on Chemical Industry, by Market Research Future:

Acrylamide Tertiary-Butyl Sulfonic Acid (ATBS) Market: Information by Form (Powder, Pellets, and Others), Application (Water Treatment Chemicals, Paints and Coatings, Adhesives, Textile Auxiliary, Oilfield Chemicals, Personal Care, and Others), and Region (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa)—Forecast till 2030

Industrial Floor Coating Market: Information by Binder (Epoxy, Polyaspartic, Polyurethane, Acrylic, Methyl Methacrylate, and Others), by Flooring Material (Concrete, Mortar, and Terrazzo), by Application (Industrial, Commercial, and Residential), Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)—Forecast till 2030

Magnesium Chloride Market: Information by Form (Liquid and Flakes), Grade (Industrial, Food & Pharmaceutical), Application (Deicing Agent, Dust Suppressant, Chemicals & Derivatives, Building Materials, Pharmaceuticals, Food & Feed and others) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2030

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

As we move toward the end of Q2, it’s time to start thinking about earnings. Looking back at the quarter, analysts are predicting earnings growth of 8%, which may rise to 11% heading into next year. It’s a rosy picture, but it’s also not a sure thing. GDP contracted in Q1, by nearly 1.5%, and some estimates are showing 0% growth in Q2. Such results would meet the technical definition of a recession – and recession is hardly the usual environment to find robust earnings growth. Looking at current

Shares of the specialty pharmaceutical company Bausch Health Companies (NYSE: BHC) are surging today in response to the news that Joseph Papa has resigned from the board of directors effective immediately. Over the past six years, Papa has been instrumental in lowering the company's sky-high debt and keeping it out of bankruptcy court. Bausch said in a statement Thursday evening that billionaire hedge fund manager John Paulson will fill the vacant board position.

In this article, we will take a look at 10 value stocks to buy according to billionaire David Tepper. If you want to skip our discussion on Tepper’s history and his hedge fund’s performance, go directly to 5 Value Stocks to Buy According to Billionaire David Tepper. With a net worth of $16.7 billion, David […]

Nuclear submarine supplier to be sold to US buyer after diplomatic row Russian default expected within days Retail sales volumes down 0.5pc in May FTSE 100 rises strongly Ambrose Evans-Pritchard: The pro-Brussels establishment is painting Brexit as an economic disaster to reverse it Sign up here for our daily business briefing newsletter

“Time is running out for cash-burning companies kept afloat with easy access to capital,” New Constructs CEO David Trainer said in a Thursday research note.

Tesla plant near Shanghai is going to shut down temporarily, according to reports. On Wednesday, Reuters reported that Tesla (ticker: TSLA) will shut down production in China for a couple of weeks at the start of July to upgrade equipment. Tesla didn’t return a request for comment.

At current levels, investors need a 7% to 8% return just to preserve their wealth.

High-yield dividend stocks are a major component of my stock portfolio. Here are three income stocks that have room for solid gains in the next year and even better gains over the long run. The blue-chip business development company (BDC) Main Street Capital (NYSE: MAIN) has held up better than the S&P 500 index, which is down 21% so far this year.

The days of Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) stock trading above $2,000 are numbered. Investors often eagerly anticipate stock splits because they think shares could take off after the split. Let's first address the significance (or lack thereof) of stock splits.

In this article, we will look at 10 stocks to profit from inflation. If you want to explore similar stocks, you can also read 5 Stocks to Profit from Inflation. Billionaire investor and hedge fund manager of the world’s largest hedge fund, Bridgewater Associates, Ray Dalio shared his views on the current economic situation that […]

The merger of the special-purpose acquisition company Gores Guggenheim and the electric-vehicle company coming from Volvo is done.

Kohl’s and Franchise Group announced June 6 they entered exclusive discussions over a sale of Kohl’s for $60 per share.

The drop is exciting some Berkshire investors because the stock now trades for 1.3 times Barron's estimate of its June 30 book value, compared with more than 1.5 times at its March high.

Yahoo Finance Live checks out Carnival Cruise Lines' stock ahead of its earnings report tomorrow.

Weitz Investment Management, an investment management firm, published its “Partners III Opportunity Fund” first quarter 2022 investor letter – a copy of which can be downloaded here. The Partners III Opportunity Fund’s Institutional Class returned -5.09% in the first quarter of 2022 compared with -4.60% for the S&P 500 and -5.28% for the Russell 3000. […]

Shares of Meta Platforms (NASDAQ: META), the parent company of Facebook, were rising quickly today on seemingly no company-specific news. Instead, a rebound in the tech sector appears to be sending Meta's stock higher today. The tech stock had gained 5.8% as of 1:22 p.m. ET on Friday.

Downturns can bring a lot of pain, but they can also bring on plenty of opportunities, as lower stock prices start making costs of entry more attractive. Before taking advantage of these opportunities, however, investors need to find a recognizable signal that will set them apart. One popular signal to follow is the insider buying, the trades made by high-ranking company officers whose positions give them the ‘inside’ track on their company’s likely prospects – and therefore, of the stock’s pros

Energy prices are high. But bargain-hunter Buffett continues to bet on big oil.

When you need another stream of income for retirement, you might consider an annuity. You purchase the annuity from an insurance company and receive payments back at a later date. Before buying an annuity, it's important to consider how much … Continue reading → The post How Much Does a $300,000 Annuity Pay Per Month? appeared first on SmartAsset Blog.

Denbury, California Resources, and Occidental Petroleum can benefit from a possible congressional extension of a tax incentive for carbon capture.