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?
o Recovery Timeline
o Deviation from pre-COVID-19 forecast
o 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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Aluminum Extrusion Market– Segment by Region
North America
· United States
· Canada
Europe
· Germany
· United Kingdom
· France
· Spain
· Italy
· Rest of Europe
Asia-Pacific
· China
· Japan
· India
· Rest of Asia-Pacific
Rest of the World
· Middle East & Africa
· Latin America
Company Profiles
· Alcoa Corp.
· Arconic Corp.
· Bahrain Aluminium Extrusion Co. (BALEXCO) B.S.C
· Bonnell Aluminum, Inc.
· Century Aluminum Co.
· China Hongqiao Group, Ltd.
· China Zhongwang Holdings, Ltd.
· Constellium
· Extruded Aluminum Corp. Co.
· Global Aluminium Pvt., Ltd.
· Guangdong Fenglu Aluminium Co., Ltd.
· Hindalco Industries, Ltd.
· Kaiser Aluminum Corp.
· Mid-States Aluminum Corp.
· Norsk Hydro ASA
· Qatar Aluminium Extrusion Co.
· RusAL
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