Aluminum extrusion market: Driving factors, industry challenges, segmentation, key vendor analysis, leading countries, and market size and forecast 2023-2027 - Technavio

NEW YORK, Feb. 6, 2023 /PRNewswire/ -- In-depth analysis provided in the report includes:

• Current and future market trends to highlight market conditions
• Comparative analysis of the market and its segments for the historic period of 2017 - 2021
• Market drivers and market impediments and their impact on market growth
• Positioning of market players and their business strategy analysis
• Download a sample now!

 Aluminum extrusion market size & segmentation analysis

The aluminum extrusion market is estimated to grow at a CAGR of 4.7% between 2022 and 2027. The size of the market is forecasted to increase by 8.45 million tons. The report also includes historic market data from 2017 to 2021. In 2017, the aluminum extrusion market was valued at 29.59 million t. The aluminum extrusion market is segmented based on end-user, product, and geography.

• Based on end-user, the aluminum extrusion market is segmented into building and construction, automotive and transportation, machinery and equipment, consumer durables, and others.
• Based on product, the market is segmented into mill-finished, anodized, and powder coated.
• Based on geography, the aluminum extrusion market is segmented into APAC, Europe, North America, Middle East and Africa, and South America.
• For insights on the market contribution of each segment, Buy the report!

Aluminum extrusion market: Country-level analysis

The countries covered in the aluminum extrusion market report are the US and Canada (North America); the UK, Germany, France, and Rest of Europe (Europe); China and India (APAC); Saudi Arabia, South Africa, and Rest of the Middle East & Africa (Middle East & Africa); and Chile, Brazil, and Argentina (South America).

• APAC is estimated to account for 70% of the growth of the global market during the forecast period. The growth in APAC can be attributed to several factors, including increasing automobile production in China, India, Japan, and other automobile manufacturing countries.
• The building and construction and automobile industries are the major contributors to the regional market growth. China is one of the leading countries for investments in construction. Hence, the building and construction sector in China is the largest end-user of aluminum-extruded products.
• Government initiatives such as incentives for electric vehicles are increasing the use of aluminum extrusion in-vehicle components.
• These factors are expected to drive the growth of the market in the region during the forecast period.

The geographic landscape of the report also provides market-impacting factors and changes that impact current and future trends. For detailed information, request a sample!

Aluminum extrusion market: Dynamics & insights

Technavio's research report on aluminum extrusion market provides analysis and insights about the various drivers, along with key challenges, that impact the market throughout the forecast period.

The increasing demand for aluminum extrusion in the automotive industry is notably driving the market growth. The growing demand for lightweight vehicles is one of the factors for this rise in demand. OEMs use aluminum-extruded products for developing aluminum bars and tubes for equipment such as safety components, crash management systems, body-in-white structures, and elaborate decorative parts. The growing demand for public vehicles and the rise in the use of commercial trucks and mini buses are also fueling the production of commercial vehicles globally. These factors are likely to propel the growth of the market during the forecast period.

However, the growing competition from substitutes is a major challenge impeding the market. Consumers and end-users are shifting from aluminum-extruded products to cost-effective and competitive products. They are using alternatives such as conventional steel, iron, polyethylene (PE), high-density polyethylene (HDPE), ductile iron (DI), cement, copper, stainless steel, black steel, copper, and magnesium, and extruded products. Plastics and composite products are lightweight and used in numerous applications in the construction and automotive industry. Moreover, the growing demand for lightweight automobiles has increased the use of carbon fiber composites. These factors will hinder the growth of the market during the forecast period.

Aluminum extrusion  market: Competitive landscape and vendor analysis

Technavio's report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Some of the major players operating in the aluminum extrusion market Aditya Birla Management Corp. Pvt. Ltd., Al Ghurair First LLC, Arconic Corp., Bahrain Aluminum Extrusion Co., Century Aluminum Co., China Zhongwang Holdings Ltd., Constellium SE, Global Aluminium Pvt. Ltd., Guang Ya Aluminium, Guangdong Xingfa Aluminium Co. Ltd., Jindal Aluminium Ltd., Kaiser Aluminum Corp., National Material L.P., Norsk Hydro ASA, Qatar Aluminum Extrusion Co., Sankyo Tateyama Inc., Tajik Aluminium Co., Tredegar Corp., UACJ Corp., and Vimetco NV, among others. For insights on the vendor offerings, download a PDF sample!

Related Reports:

The growth momentum of the aluminum flat-rolled products (FRP) market is estimated to decline at a CAGR of 5.14% between 2022 and 2027. The size of the market is forecasted to increase by USD 17.84 billion. This report extensively covers market segmentation by product type (plates and sheets and foils), end-user (automotive and transportation, building and construction, industrial, electrical and electronics appliances, and others), and geography (APAC, Europe, North America, South America, and the Middle East and Africa).

The aluminum foil market size is expected to increase by 1,711.22 thousand tons from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.15%. This report extensively covers market segmentation by application (food and beverage packaging, consumer packaging, pharmaceutical packaging, and others) and geography (APAC, Europe, North America, South America, and Middle East and Africa).

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Table of Content:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 (million t)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 (million t)
• Exhibit 16: Chart on Global Market- Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market- Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global aluminum extrusion market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global aluminum extrusion market 2017 - 2021 (million t)

• 4.2 End-user Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 (million t)

• 4.3 Product Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 (million t)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 (million t)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 (million t)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments 
• Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 32: Chart on Comparison by End-user
• Exhibit 33: Data Table on Comparison by End-user

• 6.3 Building and construction - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Building and construction - Market size and forecast 2022-2027 (million t)
• Exhibit 35: Data Table on Building and construction - Market size and forecast 2022-2027 (million t)
• Exhibit 36: Chart on Building and construction - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Building and construction - Year-over-year growth 2022-2027 (%)

• 6.4 Automotive and transportation - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Automotive and transportation - Market size and forecast 2022-2027 (million t)
• Exhibit 39: Data Table on Automotive and transportation - Market size and forecast 2022-2027 (million t)
• Exhibit 40: Chart on Automotive and transportation - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Automotive and transportation - Year-over-year growth 2022-2027 (%)

• 6.5 Machinery and equipment - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Machinery and equipment - Market size and forecast 2022-2027 (million t)
• Exhibit 43: Data Table on Machinery and equipment - Market size and forecast 2022-2027 (million t)
• Exhibit 44: Chart on Machinery and equipment - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Machinery and equipment - Year-over-year growth 2022-2027 (%)

• 6.6 Consumer durables - Market size and forecast 2022-2027
• Exhibit 46: Chart on Consumer durables - Market size and forecast 2022-2027 (million t)
• Exhibit 47: Data Table on Consumer durables - Market size and forecast 2022-2027 (million t)
• Exhibit 48: Chart on Consumer durables - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Consumer durables - Year-over-year growth 2022-2027 (%)

• 6.7 Others - Market size and forecast 2022-2027
• Exhibit 50: Chart on Others - Market size and forecast 2022-2027 (million t)
• Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 (million t)
• Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.8 Market opportunity by End-user 
• Exhibit 54: Market opportunity by End-user (million t)

7 Market Segmentation by Product

• 7.1 Market segments 
• Exhibit 55: Chart on Product - Market share 2022-2027 (%)
• Exhibit 56: Data Table on Product - Market share 2022-2027 (%)

• 7.2 Comparison by Product 
• Exhibit 57: Chart on Comparison by Product
• Exhibit 58: Data Table on Comparison by Product

• 7.3 Mill-finished - Market size and forecast 2022-2027
• Exhibit 59: Chart on Mill-finished - Market size and forecast 2022-2027 (million t)
• Exhibit 60: Data Table on Mill-finished - Market size and forecast 2022-2027 (million t)
• Exhibit 61: Chart on Mill-finished - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Mill-finished - Year-over-year growth 2022-2027 (%)

• 7.4 Anodized - Market size and forecast 2022-2027
• Exhibit 63: Chart on Anodized - Market size and forecast 2022-2027 (million t)
• Exhibit 64: Data Table on Anodized - Market size and forecast 2022-2027 (million t)
• Exhibit 65: Chart on Anodized - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Anodized - Year-over-year growth 2022-2027 (%)

• 7.5 Powder coated - Market size and forecast 2022-2027
• Exhibit 67: Chart on Powder coated - Market size and forecast 2022-2027 (million t)
• Exhibit 68: Data Table on Powder coated - Market size and forecast 2022-2027 (million t)
• Exhibit 69: Chart on Powder coated - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Powder coated - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Product 
• Exhibit 71: Market opportunity by Product (million t)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 72: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 73: Chart on Market share by geography 2022-2027 (%)
• Exhibit 74: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 75: Chart on Geographic comparison
• Exhibit 76: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 77: Chart on APAC - Market size and forecast 2022-2027 (million t)
• Exhibit 78: Data Table on APAC - Market size and forecast 2022-2027 (million t)
• Exhibit 79: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 81: Chart on Europe - Market size and forecast 2022-2027 (million t)
• Exhibit 82: Data Table on Europe - Market size and forecast 2022-2027 (million t)
• Exhibit 83: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027
• Exhibit 85: Chart on North America - Market size and forecast 2022-2027 (million t)
• Exhibit 86: Data Table on North America - Market size and forecast 2022-2027 (million t)
• Exhibit 87: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 89: Chart on South America - Market size and forecast 2022-2027 (million t)
• Exhibit 90: Data Table on South America - Market size and forecast 2022-2027 (million t)
• Exhibit 91: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 93: Chart on Middle East and Africa - Market size and forecast 2022-2027 (million t)
• Exhibit 94: Data Table on Middle East and Africa - Market size and forecast 2022-2027 (million t)
• Exhibit 95: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027
• Exhibit 97: Chart on China - Market size and forecast 2022-2027 (million t)
• Exhibit 98: Data Table on China - Market size and forecast 2022-2027 (million t)
• Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027
• Exhibit 101: Chart on US - Market size and forecast 2022-2027 (million t)
• Exhibit 102: Data Table on US - Market size and forecast 2022-2027 (million t)
• Exhibit 103: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 105: Chart on Germany - Market size and forecast 2022-2027 (million t)
• Exhibit 106: Data Table on Germany - Market size and forecast 2022-2027 (million t)
• Exhibit 107: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027
• Exhibit 109: Chart on Japan - Market size and forecast 2022-2027 (million t)
• Exhibit 110: Data Table on Japan - Market size and forecast 2022-2027 (million t)
• Exhibit 111: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 India - Market size and forecast 2022-2027
• Exhibit 113: Chart on India - Market size and forecast 2022-2027 (million t)
• Exhibit 114: Data Table on India - Market size and forecast 2022-2027 (million t)
• Exhibit 115: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 116: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 117: Market opportunity by geography (million t)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 118: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 119: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 120: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 121: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 122: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 123: Matrix on vendor position and classification

• 12.3 Aditya Birla Management Corp. Pvt. Ltd.
• Exhibit 124: Aditya Birla Management Corp. Pvt. Ltd. - Overview
• Exhibit 125: Aditya Birla Management Corp. Pvt. Ltd. - Product / Service
• Exhibit 126: Aditya Birla Management Corp. Pvt. Ltd. - Key offerings

• 12.4 Al Ghurair First LLC 
• Exhibit 127: Al Ghurair First LLC - Overview
• Exhibit 128: Al Ghurair First LLC - Product / Service
• Exhibit 129: Al Ghurair First LLC - Key offerings

• 12.5 Arconic Corp. 
• Exhibit 130: Arconic Corp. - Overview
• Exhibit 131: Arconic Corp. - Business segments
• Exhibit 132: Arconic Corp. - Key offerings
• Exhibit 133: Arconic Corp. - Segment focus

• 12.6 Century Aluminum Co. 
• Exhibit 134: Century Aluminum Co. - Overview
• Exhibit 135: Century Aluminum Co. - Product / Service
• Exhibit 136: Century Aluminum Co. - Key offerings

• 12.7 China Zhongwang Holdings Ltd. 
• Exhibit 137: China Zhongwang Holdings Ltd. - Overview
• Exhibit 138: China Zhongwang Holdings Ltd. - Product / Service
• Exhibit 139: China Zhongwang Holdings Ltd. - Key offerings

• 12.8 Constellium SE 
• Exhibit 140: Constellium SE - Overview
• Exhibit 141: Constellium SE - Business segments
• Exhibit 142: Constellium SE - Key offerings
• Exhibit 143: Constellium SE - Segment focus

• 12.9 Global Aluminium Pvt. Ltd. 
• Exhibit 144: Global Aluminium Pvt. Ltd. - Overview
• Exhibit 145: Global Aluminium Pvt. Ltd. - Product / Service
• Exhibit 146: Global Aluminium Pvt. Ltd. - Key offerings

• 12.10 Guang Ya Aluminium 
• Exhibit 147: Guang Ya Aluminium - Overview
• Exhibit 148: Guang Ya Aluminium - Product / Service
• Exhibit 149: Guang Ya Aluminium - Key offerings

• 12.11 Jindal Aluminium Ltd. 
• Exhibit 150: Jindal Aluminium Ltd. - Overview
• Exhibit 151: Jindal Aluminium Ltd. - Product / Service
• Exhibit 152: Jindal Aluminium Ltd. - Key offerings

• 12.12 Kaiser Aluminum Corp. 
• Exhibit 153: Kaiser Aluminum Corp. - Overview
• Exhibit 154: Kaiser Aluminum Corp. - Product / Service
• Exhibit 155: Kaiser Aluminum Corp. - Key offerings

• 12.13 Norsk Hydro ASA 
• Exhibit 156: Norsk Hydro ASA - Overview
• Exhibit 157: Norsk Hydro ASA - Business segments
• Exhibit 158: Norsk Hydro ASA - Key offerings
• Exhibit 159: Norsk Hydro ASA - Segment focus

• 12.14 Sankyo Tateyama Inc. 
• Exhibit 160: Sankyo Tateyama Inc. - Overview
• Exhibit 161: Sankyo Tateyama Inc. - Product / Service
• Exhibit 162: Sankyo Tateyama Inc. - Key offerings

• 12.15 Tredegar Corp. 
• Exhibit 163: Tredegar Corp. - Overview
• Exhibit 164: Tredegar Corp. - Business segments
• Exhibit 165: Tredegar Corp. - Key offerings
• Exhibit 166: Tredegar Corp. - Segment focus

• 12.16 UACJ Corp. 
• Exhibit 167: UACJ Corp. - Overview
• Exhibit 168: UACJ Corp. - Business segments
• Exhibit 169: UACJ Corp. - Key offerings
• Exhibit 170: UACJ Corp. - Segment focus

• 12.17 Vimetco NV 
• Exhibit 171: Vimetco NV - Overview
• Exhibit 172: Vimetco NV - Product / Service
• Exhibit 173: Vimetco NV - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 174: Inclusions checklist
• Exhibit 175: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 176: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 177: Research methodology
• Exhibit 178: Validation techniques employed for market sizing
• Exhibit 179: Information sources

• 13.5 List of abbreviations 
• Exhibit 180: List of abbreviations

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