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 shift towards renewable energy sources is gaining significant traction due to increasing concerns over energy security and the depleting reserves of fossil fuels. Solar energy, in particular, is becoming a preferred alternative as it reduces dependence on imported crude oil, especially for countries with limited or no petroleum reserves. Aluminum extrusion plays a pivotal role in this transition, as aluminum-extruded products are extensively used in manufacturing solar panel frames. With governments worldwide offering incentives and subsidies to promote the adoption of solar energy, the global aluminum extrusion market is poised for robust growth during the forecast period. This trend is expected to continue as businesses and governments seek to decrease their carbon footprint and decrease reliance on conventional energy sources. 

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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
    • China
    • India
    • Japan
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • North America
    • Canada
    • US
  • Middle East and Africa
  • South America
    • Brazil

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

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Market Scope in Aluminum Extrusion Market Research Report

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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 for direct substitutes in industries. Collaborations between companies and stringent regulations are shaping the market. Production technologies like hot and direct extrusion use aluminum billets, which are heated, compressed, and forced through dies to create shapes. Low costs and automation are additional advantages. However, material inflow can be affected by economic fluctuations. Direct and indirect substitutes, such as steel, pose challenges. Shapes produced range from simple to complex, and the extrusion process uses a ram, 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's market analysis, the expansion of the global aluminum market will be influenced by several key factors. Primarily, the rising demand for aluminum in various industries such as construction, electrical, and transportation sectors due to population growth, urbanization, and economic development. Additionally, the increasing focus on fuel economy and reduced CO2 emissions in the automotive industry will drive the demand for lightweight aluminum parts. Furthermore, the aerospace and defense sectors will continue to be significant consumers of aluminum due to its strength and low weight properties. Economic fluctuations may impact market growth, but the overall trend is expected to remain positive.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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