Authored By: Sarah
10 Jan 2025

Latest News- Aluminum Extrusion Market: A and T is expected to lead the End-user segment during 2025-2029

The Aluminum Extrusion Market is being driven by Increasing demand for aluminum extrusion in automotive industry

The Aluminum Extrusion Market is expected to grow at a CAGR of 9.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 41208.8 million. In the business context, the prioritization of energy security is driving a significant shift towards renewable energy sources. With dwindling reserves of fossil fuels, the economic implications of crude oil imports on countries' growth are increasingly evident. Solar energy, as a renewable alternative, is gaining traction due to its ability to expand the energy mix and decrease dependence on the global petroleum market. Furthermore, for countries with minimal or no petroleum reserves, solar energy provides a viable solution to reduce reliance on imported crude oil. Aluminum extrusion plays a pivotal role in this transition, as its products are extensively utilized in manufacturing photovoltaic panel frames. The global aluminum extrusion market is poised for growth, given the increasing government support and subsidies for solar power installation and utilization. 

Get more information on Aluminum Extrusion Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

  • End-user
    • A and T
    • Construction
    • Electrical
    • Machinery and equipment
    • Others
  • Product
    • Mill-finished
    • Anodized
    • Powder coated
  • Geography
    • APAC
    • Europe
    • North America
    • Middle East and Africa
    • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

  • Increasing demand for aluminum extrusion in automotive industry
  • Growth of real estate and construction industry
  • Growing demand for lightweight and high-performance materials

However, the market also witnesses some limitations, which are as follows:

  • Growing competition from substitutes
  • Excess production capacity leading to increased fixed cost for manufacturers
  • High volatility in London Metal Exchange prices of aluminum

Benefits of Buying Global Aluminum Extrusion Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Aluminum Extrusion Market Research Report

Market Scope

Report Coverage

Details

Page number

209

Base year

2024

Historic period

2019-2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 9.4%

Market growth 2025-2029

USD 41208.8 million

Market structure

Fragmented

YoY growth 2024-2025(%)

7.9

Key countries

China, Japan, US, India, Germany, UK, Canada, France, Italy, and Brazil

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Request Free Sample

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Aluminum Extrusion Market is driven by various factors including the aerospace and defense, construction sectors, and economic fluctuations. CO2 emissions are a concern, leading to the demand for lightweight parts made from aluminum through the extrusion process. Unique characteristics of aluminum, such as malleability and high strength-to-weight ratio, make it a popular choice. Collaborations between industry players and advancements in production technologies, including hot and direct extrusion, contribute to the market's growth. Stringent regulations and the availability of direct substitutes pose challenges. Aluminum shapes are produced using aluminum billets, which are heated, compressed at high pressure, and formed using hydraulic press and steel dies.

Market Research Overview

The global aluminum market encompasses businesses involved in the production of aluminum and its related products, including bauxite mining and processing companies, as well as those specializing in aluminum recycling to manufacture finished or semi-finished goods. According to Technavio, the market size is determined by the consolidated revenue generated by aluminum producers. Factors driving growth in the aluminum market include the expanding demand for aluminum across various industries, such as construction, electrical, and transportation. This demand is fueled by population growth, urbanization, and economic development. Additionally, the aerospace and defense sectors are significant consumers of aluminum due to its lightweight properties and ability to reduce fuel consumption and CO2 emissions. Economic fluctuations notwithstanding, the low cost and high material inflow of aluminum make it an attractive choice for manufacturers seeking to produce lightweight, cost-effective parts.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Read News Read Less
Interested in this report?
Get your sample now!

Safe and Secure SSL Encrypted

Technavio

  • 2500 USD

[5 reports/month/user]

  • 5000 USD

close
  • Basic Plan [5000 USD/Year]:

    Single User
    Download 5 Reports/Month
    View 100 Reports/Month
    Add upto 3 Users at 625 USD/user

  • Teams Plan [7500 USD/Year]:

    5 User
    Download 5 Reports/Month/User
    View 100 Reports/Month/User
    Add upto 30 Users at 500 USD/user

*You can upgrade to Teams plan at Subscription page

close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization).
    Complimentary Customization Included

*For Enterprise license, go to checkout page

Technavio Get the report (PDF) sent to your email within minutes.