Market Overview:
Aluminum extrusions are semi-finished aluminum products produced by pushing heated aluminum billets or ingots through a shaped die opening. This process results in aluminum products in the desired cross-sectional profile. Aluminum extrusions offer advantages such as high strength-to-weight ratio, corrosion resistance, and recyclability. They find wide applications in transportation, machinery and equipment, construction, electrical, and consumer durables owing to their properties.

Market key trends:
One of the key trends driving growth in the aluminum extrusion market is increasing demand from the construction industry. Aluminum extrusions are increasingly used in building facades, windows, doors, and other architectural components due to their superior characteristics over other conventional materials. Properties such as durability, recyclability, lightweight, and resistance to corrosion have been boosting their preference over other alternatives in the construction of industrial and commercial infrastructure worldwide. This has resulted in significant demand growth from the construction segment.
Here is the segment analysis and key takeaways for the given aluminum extrusion market research report:

Segment Analysis

The global Aluminum Extrusion Market Demand is segmented by product type, end-use industry, and region. Based on product type, the market is divided into mill-finished, anodized, and powder-coated. Within this segment, the mill-finished aluminum extrusion sub-segment dominated the market in 2022 and is expected to continue its dominance over the forecast period. Mill-finished extrusions offer lightweight, corrosion resistance, high strength-to-weight ratio and cost-effectiveness which make them suitable for a variety of end-use industries.

Key Takeaways

The global aluminum extrusion market size was valued at USD 90 billion in 2023. It is expected to witness high growth, exhibiting a CAGR of 8% over the forecast period from 2023 to 2030, due to increasing demand from the construction industry.

By region, Asia Pacific dominated the global market in 2022 and is projected to continue its dominance during the forecast period. This can be attributed to rapid industrialization and infrastructure development activities in developing economies such as China and India.

North America is expected to grow at a significant rate during the forecast period. This is due to rising spending on commercial and residential construction projects in the US.

Key players operating in the aluminum extrusion market are Hindalco Industries, Jindal Aluminum Limited, China Zhongwang Holdings Limited, Constellium N.V., Hydro Extrusions, Arconic Inc., Gulf Extrusions Co. (LLC), TALCO Aluminium Company, Bahrain Aluminium Extrusion Co. (Balexco), Zahit Aluminium, and Qatar Aluminium Extrusion Company, and others. The market is expected to witness healthy competition between the major players over the next decade.

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