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Aluminum Extrusion Market Size, Industry Analysis Report By Product (Mill-finished, Anodised, Powder coated) By End-User (Building and construction, Electrical and electronics, Automotive and transportation, Industrial) & Region – Forecast

  • PUBLISHED ON
  • 2024-01-01
  • NO OF PAGES
  • 223
  • CATEGORY
  • Machinery & Heavy Industry
The Aluminum Extrusion Market: Overview
The Aluminum Extrusion Market is valued at around USD 121.1 billion in 2022 and is expected to reach USD 163.3 billion by 2030, registering a CAGR of 4.4% over the forecast period. By forcing an aluminium alloy bar through a cross-sectional die, aluminium extrusion involves melting the bar and shaping it into a desired shape. Extruded aluminium can be designed to meet the needs of the customer and has good electrical and thermal conductivity, ductility, and recyclability. The smooth and fine surface finish of the extruded pieces also allows for polishing, buffing, anodizing, painting, or powder coating to improve the product's aesthetic value and appeal. Aluminum extrudes are a highly favoured alternative to typical aluminium goods because they are inexpensive, lightweight, corrosion-resistant, require little maintenance, and feature paramagnetic qualities. They have a wide range of applications in many different industries, including electrical, consumer durables, transportation, machinery, and building and construction.

The Aluminum Extrusion Market - Growth Factor
One of the main drivers fuelling the market's expansion is the rise in the construction of green buildings. Due to their eco-friendliness, energy efficiency, and minimal carbon emissions, green buildings are being built more frequently around the world. Extruded aluminium is highly sought after in the building sector since it is frequently utilised in the production of windows and doors in these structures. Another element boosting the market's growth is the expanding automobile industry. Extruded aluminium is utilised to create a variety of aluminium-made parts for automobiles since it is lightweight. Additionally, due to their great malleability and ability to be easily moulded into various shapes, aluminium extrudes are in higher demand for industrial applications.

The Aluminum Extrusion Market – Market Trends
• The market for aluminium extrusion is expanding at a steady rate due to the rise in demand for strong, lightweight extruded products across a variety of industries.
• The high strength to weight ratio of aluminium extruded goods, which makes them perfect for large projects and buildings to provide more strength at less weight, accounts for their strong demand especially.
• The second most crucial quality of extruded aluminium products, after its lightweight structure, is the corrosion resistance it offers.
• Extruded aluminium products' superior corrosion resistance, which enables them to be utilised in every climate and at

The Aluminum Extrusion Market – Segmentation
The Aluminum Extrusion Market fragrance concentrates market has been sub-classified into product, end-user.

On the basis of product, the Aluminum Extrusion Market is bifurcated into:

• Mill-finished
• Anodised
• Powder coated

On the basis of end-user, the market is bifurcated into:

• Building and construction
• Electrical and electronics
• Automotive and transportation
• Industrial
• Others


The Aluminum Extrusion Market –Regional Analysis
Asia-Pacific dominated the global Animal Genetics Market, Due to the existence of significant manufacturing sectors in nations like China, India, Vietnam, Japan, and South Korea, the region will continue to hold a prominent position during the projection years. China is expected to be one of these nations to play a significant part in fostering industry expansion because to its sizable construction industry. Over the projected period, the Chinese government's strategy to invest in energy and transportation infrastructure is likely to have a beneficial impact on market growth. Revenue in North America is anticipated to increase significantly between 2022 and 2030. The recovery of industrial activity following the epidemic is anticipated to boost market expansion.

The Aluminum Extrusion Market – Key Market players
Global key players of Aluminum Extrusion Market include Hindalco Industries Ltd.; Arconic Corp.; Norsk Hydro ASA; Constellium N.V.; Kaiser Aluminum; Alupco; Gulf Extrusions Co. LLC; Balexo Bahrain Aluminium Extrusion Company; QALEX.

Report scope
Global Aluminum Extrusion Market: Historical Years- 2018-2021
Global Aluminum Extrusion Market: Forecast Years- 2022-2030
Global Aluminum Extrusion Market 2022- USD 121.1 billion
Global Aluminum Extrusion Market 2030- USD 163.3 billion
Global Aluminum Extrusion Market CAGR- 4.4%
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  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
  • Project kickoff meeting with client
  • Conduct frequent client communications
  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

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