Global Aluminum Extruded Products Market Size, Forecast, and Trend Highlights Over 2025-2037
Aluminum Extruded Products Market size is predicted to rise from USD 60.02 billion to USD 194.89 billion, reflecting a CAGR of over 9.4% during the forecast timeline, from 2025 through 2037. In the year 2025, the industry size of aluminum extruded products is evaluated at USD 64.58 billion.
The market's growth can be attributed to the high demand for aluminum-extruded products in the automotive industry. Aluminum extruders are used to make energy absorption boxes, instrument panel brackets, frame girders, etc. in the automotive industry. According to European Automobile Manufacturers’ Association, in 2022, 85.4 million motor vehicles were produced. This resulted in high demand for aluminum-extruded products. Along with this, aluminum extrusion is utilized in developing lightweight yet strong frames in the solar energy industry. According to the data released by the International Energy Agency, solar PV generation increased to 821 TWh (23%) in the year 2020 and is expected to reach up to 6970 TWh by 2030 globally. On the back of the myriad uses of aluminum extruded products, the market is projected to witness remarkable growth.
Aluminum Extruded Products Sector: Growth Drivers and Challenges
Growth Drivers
- Growing demand for packaging: Aluminum extrusion is widely used in the packaging industry due to its corrosion-resistant properties. There is a rising demand for eco-friendly packaging material and substituting plastic. Aluminum packaging involves aluminum cans, bottles, covers, aluminum foil soft packaging, etc. According to data published by the European Parliament in April 2024, the government is striving to offer 10% of products in a reusable packaging format by 2030.
- Rising use of aluminum extruded products in luminaries: Extruded aluminum products have a pivotal place in accessories and luminaries in the LED market. Aluminum profiles are utilized in a wide range of products such as LED strips, circular luminaries, industrial lighting, stadium lighting, etc. According to the U.S. Energy Information Administration, 47% of the surveyed people reported using LEDs for most of their indoor lighting in 2020. On the back of these factors, the market is anticipated to garner remarkable growth.
Challenges
- Uneven distribution of products and low production efficiency: The increasing defects and inconsistent production of products during manufacturing are estimated to hamper the market growth. This increases the operational cost which in turn decreases the production efficiency
- High capital cost: The initial expenses related to the aluminum extrusion for establishing the total manufacturing unit are exorbitant. Also, there is a high cost of putting up massive infrastructure and machinery. The extrusion process is naturally sluggish, affecting
Aluminum Extruded Products Market - Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
9.4% |
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Base Year Market Size (2024) |
USD 60.02 billion |
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Forecast Year Market Size (2037) |
USD 194.89 billion |
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Regional Scope |
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Aluminum Extruded Products Segmentation
Product Type (Anodized, Mill-Finished, Powder Coated)
The powder-coated segment is estimated to gain the largest aluminum extruded products market share over the projected time duration. The powder coating provides the aesthetic look of the product, reduces UV damage, and weather resistance, and reduces air pollution, and maintenance costs. According to The Observatory of Economic Complexity (OEC) analysis, the total traded value of Aluminum Powder was USD 1.9 billion in 2022. The product is extensively used in the production of numerous types of fireworks and explosives. Also, the powder-coated aluminum renders remarkable resistance to corrosion on the underlying metal. Many pieces of outdoor furniture such as benches, bike stands, and bollards are also powder-coated to withstand the hard outdoor conditions.
End user (Transportation & Logistics, Building & Construction, Automotive, Electrical & Electronics, Consumer Durables)
The building & construction segment is anticipated to hold the largest share of the global market owing to the rising utilization in the building and construction sector. With the rising urbanization, more houses are being made leading to an unprecedentedly growing construction sector. For instance, according to the Associated General Contractors of America, there were more than 919,000 construction establishments in the U.S. in 1st quarter of 2023. Also, the European Commission stated in December 2023, production in construction rose by 2.4% in the European Union in comparison to last year.
Our in-depth analysis of the global aluminum extruded products market includes the following segments:
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Product Type |
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Alloy Type |
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End user |
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Customize this ReportAluminum Extruded Products Industry - Regional Synopsis
Asia Pacific Market Statistics
The Asia Pacific aluminum extruded products market is projected to hold the largest market share by the end of 2037. The growth of the market can be attributed majorly to the thriving housing and construction sector in the region. For instance, according to China-Britain Business Focus, China’s construction industry was valued at USD 4.6 trillion in 2022. Moreover, many of the largest solar power plants are located in China and India. According to the U.S. Energy Information Administration Japan is projected to increase solar capacity to 108 GW by 2030.
North America Market Forecast
The market is estimated to witness significant growth over the forecast period in North America ascribed to flexible government guidelines in the region. And widespread expansion of the automotive industry. It has been estimated that automakers produced 13.72 million vehicles in the U.S. Additionally, Canada is witnessing huge production of aluminum reaching 3 million tons in 2022. The strong manufacturing capabilities in the country are fueling the demand for aluminum profiles. For instance, the Aluminum Extruders Council states that in cars, each pound of aluminum used instead of high-strength steel saves the equivalent of 3.1 gallons of crude oil over the life of the vehicle.
Companies Dominating the Aluminum Extruded Products Landscape
- Hindalco Industries Ltd.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- China Zhongwang Holdings Limted
- Arconic Corporation
- Constellium SE
- Century Extrusions Limited
- Bonnell Aluminum
- Gulf Extrusions Co. LLC
- Talco Aluminium Company
- Kaiser Aluminum Corporation
- Qatar Aluminum Extrusion Company
The competitive landscape of the global market is rapidly evolving due to rising use in manufacturing vehicles. Key players in the market are focused on developing new technologies and products catering to the stringent regulatory norms and consumer demand. These key players are adopting several strategies such as mergers and acquisitions, joint ventures, partnerships, and novel product launches to enhance their product base and strengthen their market position. Here are some key players operating in the global market:
In the News
- In May 2024, Kobe Steel Group announced its plan to use green aluminum for suspension and aluminum extrusion products developed for the Japan and North America markets.
- In May 2023, Jindal Aluminium produced a record 1,06,000 metric tons of extruded aluminum products. The company is garnering year-on-year growth of 16% during the financial year 2022-2023. The company is also focusing on new opportunities in domestic manufacturing and consistently rising market share in exports.
- In June 2021, Hammerer Aluminium Industries released an investment volume of 38 million euros for the expansion of the extrusion site in Ranshofen. HAI planned to put the heart of the investment of 60 million extrusion press into the operation.
Author Credits: Dhruv Bhatia
- Report ID: 4128
- Published Date: Feb 20, 2025
- Report Format: PDF, PPT
