NEW YORK , Feb. 6, 2023 /PRNewswire/ -- In-depth analysis provided in the report includes:
Current and future market trends to highlight market conditions Flat Wire Extrusion Machine
Comparative analysis of the market and its segments for the historic period of 2017 - 2021
Market drivers and market impediments and their impact on market growth
Positioning of market players and their business strategy analysis
Aluminum extrusion market size & segmentation analysis
The aluminum extrusion market is estimated to grow at a CAGR of 4.7% between 2022 and 2027. The size of the market is forecasted to increase by 8.45 million tons. The report also includes historic market data from 2017 to 2021. In 2017, the aluminum extrusion market was valued at 29.59 million t. The aluminum extrusion market is segmented based on end-user, product, and geography.
Based on end-user, the aluminum extrusion market is segmented into building and construction, automotive and transportation, machinery and equipment, consumer durables, and others.
Based on product, the market is segmented into mill-finished, anodized, and powder coated.
Based on geography, the aluminum extrusion market is segmented into APAC, Europe , North America , Middle East and Africa , and South America .
For insights on the market contribution of each segment, Buy the report!
Aluminum extrusion market: Country-level analysis
The countries covered in the aluminum extrusion market report are the US and Canada (North America ); the UK, Germany , France , and Rest of Europe (Europe ); China and India (APAC); Saudi Arabia , South Africa , and Rest of the Middle East & Africa (Middle East & Africa ); and Chile , Brazil , and Argentina (South America ).
APAC is estimated to account for 70% of the growth of the global market during the forecast period. The growth in APAC can be attributed to several factors, including increasing automobile production in China , India , Japan , and other automobile manufacturing countries.
The building and construction and automobile industries are the major contributors to the regional market growth. China is one of the leading countries for investments in construction. Hence, the building and construction sector in China is the largest end-user of aluminum-extruded products.
Government initiatives such as incentives for electric vehicles are increasing the use of aluminum extrusion in-vehicle components.
These factors are expected to drive the growth of the market in the region during the forecast period.
The geographic landscape of the report also provides market-impacting factors and changes that impact current and future trends. For detailed information, request a sample!
Aluminum extrusion market: Dynamics & insights
Technavio's research report on aluminum extrusion market provides analysis and insights about the various drivers, along with key challenges, that impact the market throughout the forecast period.
The increasing demand for aluminum extrusion in the automotive industry is notably driving the market growth. The growing demand for lightweight vehicles is one of the factors for this rise in demand. OEMs use aluminum-extruded products for developing aluminum bars and tubes for equipment such as safety components, crash management systems, body-in-white structures, and elaborate decorative parts. The growing demand for public vehicles and the rise in the use of commercial trucks and mini buses are also fueling the production of commercial vehicles globally. These factors are likely to propel the growth of the market during the forecast period.
However, the growing competition from substitutes is a major challenge impeding the market. Consumers and end-users are shifting from aluminum-extruded products to cost-effective and competitive products. They are using alternatives such as conventional steel, iron, polyethylene (PE), high-density polyethylene (HDPE), ductile iron (DI), cement, copper, stainless steel, black steel, copper, and magnesium, and extruded products. Plastics and composite products are lightweight and used in numerous applications in the construction and automotive industry. Moreover, the growing demand for lightweight automobiles has increased the use of carbon fiber composites. These factors will hinder the growth of the market during the forecast period.
Aluminum extrusion market: Competitive landscape and vendor analysis
Technavio's report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Some of the major players operating in the aluminum extrusion market Aditya Birla Management Corp. Pvt. Ltd., Al Ghurair First LLC, Arconic Corp., Bahrain Aluminum Extrusion Co., Century Aluminum Co., China Zhongwang Holdings Ltd., Constellium SE, Global Aluminium Pvt. Ltd., Guang Ya Aluminium, Guangdong Xingfa Aluminium Co. Ltd., Jindal Aluminium Ltd., Kaiser Aluminum Corp., National Material L.P., Norsk Hydro ASA, Qatar Aluminum Extrusion Co., Sankyo Tateyama Inc., Tajik Aluminium Co., Tredegar Corp., UACJ Corp., and Vimetco NV, among others. For insights on the vendor offerings, download a PDF sample!
The growth momentum of the aluminum flat-rolled products (FRP) market is estimated to decline at a CAGR of 5.14% between 2022 and 2027. The size of the market is forecasted to increase by USD 17.84 billion . This report extensively covers market segmentation by product type (plates and sheets and foils), end-user (automotive and transportation, building and construction, industrial, electrical and electronics appliances, and others), and geography (APAC, Europe , North America , South America , and the Middle East and Africa ).
The aluminum foil market size is expected to increase by 1,711.22 thousand tons from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.15%. This report extensively covers market segmentation by application (food and beverage packaging, consumer packaging, pharmaceutical packaging, and others) and geography (APAC, Europe , North America , South America , and Middle East and Africa ).
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Accelerate at a CAGR of 4.7%
APAC, Europe, North America, South America, and Middle East and Africa
US, China, Japan, India, and Germany
Leading vendors, market positioning of vendors, competitive strategies, and industry risks
Aditya Birla Management Corp. Pvt. Ltd., Al Ghurair First LLC, Arconic Corp., Bahrain Aluminum Extrusion Co., Century Aluminum Co., China Zhongwang Holdings Ltd., Constellium SE, Global Aluminium Pvt. Ltd., Guang Ya Aluminium, Guangdong Xingfa Aluminium Co. Ltd., Jindal Aluminium Ltd., Kaiser Aluminum Corp., National Material L.P., Norsk Hydro ASA, Qatar Aluminum Extrusion Co., Sankyo Tateyama Inc., Tajik Aluminium Co., Tredegar Corp., UACJ Corp., and Vimetco NV
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period
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3.4 Market outlook: Forecast for 2022-2027
4.1 Global aluminum extrusion market 2017 - 2021
6.3 Building and construction - Market size and forecast 2022-2027
6.4 Automotive and transportation - Market size and forecast 2022-2027
6.5 Machinery and equipment - Market size and forecast 2022-2027
6.6 Consumer durables - Market size and forecast 2022-2027
6.7 Others - Market size and forecast 2022-2027
7.3 Mill-finished - Market size and forecast 2022-2027
7.4 Anodized - Market size and forecast 2022-2027
7.5 Powder coated - Market size and forecast 2022-2027
9.3 APAC - Market size and forecast 2022-2027
9.4 Europe - Market size and forecast 2022-2027
9.5 North America - Market size and forecast 2022-2027
9.6 South America - Market size and forecast 2022-2027
9.7 Middle East and Africa - Market size and forecast 2022-2027
9.8 China - Market size and forecast 2022-2027
9.9 US - Market size and forecast 2022-2027
9.10 Germany - Market size and forecast 2022-2027
9.11 Japan - Market size and forecast 2022-2027
9.12 India - Market size and forecast 2022-2027
10.3 Impact of drivers and challenges
12.3 Aditya Birla Management Corp. Pvt. Ltd.
13.3 Currency conversion rates for US$
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