Aluminum Extrusion Market Trends, Research Report, Growth, Opportunities, Forecast 2022-2028

The global aluminum extrusion market is anticipated to grow significantly at a CAGR of 3.6% during the forecast period. As the automotive manufacturer has to maintain their impetus for improved fuel economy, and reduced emissions, aluminum extrusion make a significant contribution. Aluminum is a material choice for the automotive manufacturer due to its environmental benefits, according to a report, around 90% of vehicle’s aluminum scaps are recovered, and recycled. Aluminum’s use in automobiles and commercial vehicles is speeding up as it provides a cost-effective way to raise performance and it also is recyclable so reducing environmental effect. Additionally, the aluminum extrusions reduce emissions and increase fuel economy while maintaining stability, and safety.

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The players are collaborating with emerging companies in order to develop new technologies. For instance, in January 2021, Oslo-based energy and aluminum producer Norsk Hydro ASA announced that the company is working on the new technology of aluminum, with a startup company named Nuvosil, the trial project can lead to a process that eases processing costs considerably and energy consumption around 90%.

Market Coverage

  • Market number available for – 2020-2027
  • Base year- 2020
  • Forecast period- 2021-2027
  • Segment Covered- By Product and By Application
  • Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
  • Competitive Landscape- Hindalco Industries Ltd., Arconic Corp., Norsk Hydro ASA, Constellium, Qatar Aluminium Extrusion Co. (QALEX), Balexco Bahrain Aluminium Extrusion Co.

Key questions addressed by the report

  • What is the market growth rate?
  • Which segment/region dominates the market in base year?
  • Which segment/region will project fastest growth in the market?
  • How COVID-19 impacted the market?
  • Recovery Timeline
  • Deviation from pre-COVID-19 forecast
  • Most affected region/segment
  • Who is the leader in the market?
  • How players are addressing challenges to sustain growth?
  • Where is the investment opportunity?

Global Aluminum Extrusion Market – Segmentation

By Product

  • Shapes
  • Rods & Bars
  • Pipes & Tubes

By Application

  • Building & Construction
  • Automotive & Transportation
  • Consumer Goods
  • Machinery and equipment
  • Others

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