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Aluminum Extrusion Market
The Aluminum Extrusion Market: Overview
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.
Aluminium extrusion involves melting an aluminium alloy bar and moulding it into the desired shape by pressing it through a cross-sectional die. Extruded aluminium offers good electrical and thermal conductivity, ductility, and recyclability, and it may be made to the specifications of the customer. To increase the product’s aesthetic value and appeal, the smooth and fine surface finish of the extruded components also enables polishing, buffing, anodizing, painting, or powder coating. Due to their low cost, light weight, resistance to corrosion, ease of maintenance, and paramagnetic properties, aluminium extrudes are a highly favoured alternative to conventional aluminium items. Numerous industries, including electrical, consumer durables, transportation, manufacturing, and building and construction, use them in a wide variety of ways.
Circular, semi-hollow, and solid are the three standard shapes of aluminium extrusions. Aluminum extrusions are used in the electrical industry, the automobile and transportation industry, and the building industry. The market is expected to grow as lightweight and robust products gain popularity across a number of industries.
In the upcoming years, the sector for aluminium extrusions will have more growth opportunities due to rising demand for aluminium extruded goods in electric vehicles.
The Aluminum Extrusion Market – Growth Factor
Metal extrusion A surge in the need for lightweight and durable extruded items across a number of industries is predicted to propel market growth. Aluminum is the perfect material to use in huge constructions and buildings because of its light weight and outstanding strength-to-weight ratio, which increases strength while reducing weight. Aluminum is very resistant to deformation because to its high tensile strength and stiffness. Strong corrosion resistance and low maintenance requirements of extruded aluminium are two additional characteristics that are anticipated to drive the market.
Aluminum producers should benefit financially from the surge in demand for flexible design. Additionally, using the same machinery, aluminium extrusion is used to create a wide range of extruded goods in a variety of shapes and sizes.
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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.
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Frequently Asked Questions About This Report
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