Overview of the market
According to the prospects of the global market and its analysis, the aluminum extrusion market is expected to register a CAGR of about 6.30% during the forecast period, 2022-2030, with Asia-Pacific being the most dominant and growing regional market in the world.
Aluminum extrusion is considered as a process for shaping the aluminum alloy material by heating it and forcing it with a hydraulic ram through a ball-shaped opening. The alloy is pushed through a ballast with a specific cross-sectional profile, and the extruded material emerges as a long piece with a profile identical to that of the ballet opening. After protrusion, the hot aluminum profile is quenched, cooled, aligned and cut into the required shapes and forms.
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In the aluminum extrusion market there are processes that get the most out of the unique blend of the physical properties of aluminum, including flexibility, lightness and high strength. Its flexibility allows for easy machining and casting while maintaining a third of the density and stiffness of the steel. The resulting products include properties such as strength and stability, especially when coated with other metals. Custom-controlled aluminum products last longer than products made of steel, plastic or other metals. This is mainly due to the high strength, light weight and corrosion resistance of the aluminum.
The direct embossing method is usually used for softer alloys in the production of solid aluminum rods and rods and pipes and hollow sections. Production of long continuous lengths by adding consecutive billets to the flow is one of the critical benefits of the direct embossing process. The indirect method is mainly used to highlight more complex alloys, and since no frictional heat is generated in this method, there is less chance of tears on the surface and cracked edges.
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Market segmentation
The aluminum extrusion market is segmented based on the following:
By product type:
- Finished Mill
- Powder coated
- Anodization
By end use industry:
- Building
- composition
- electricity and electronics
- Machines and equipment
- Mass transportation
- Others (Energy, Telecom and Consumer Sustainable)
By type of alloy:
- Aluminum from the 1000 series
- 2000 series aluminum alloy
- 3000 series aluminum alloy
- 5000 series aluminum alloy
- 6000 series aluminum alloy
- 7000 series aluminum alloy
By region:
- North America
- Europe
- Asia-Pacific
- Middle East and Africa
- Latin America
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Regional analysis
North America accounted for a significant market share in 2020, due to the growing construction and automotive industry. Europe held a market share of about 20% of global revenues in 2020. Stricter regulations on greenhouse gas emissions and high demand for aluminum-embedded products in structural components and battery packs for electric vehicles are expected to drive regional market growth. The increasing production of light and electric vehicles in Germany, Spain, France and Italy is expected to increase the demand for the product in the regional market in the coming years.
The prominent players in the aluminum extrusion market are mentioned as follows:
- Arconic (USA)
- ThöniIndustriebetriebe GmbH (Germany)
- China Zhongwang Limited Holdings (China)
- EMERUS (Bosnia and Herzegovina)
- ETEM Group (Greece)
- ST Extroverted Products Germany GmbH (Germany)
- Alumil S.A. (Greece)
- Bunel Aluminum (USA)
Industry News
The Asia-Pacific aluminum extrusion market accounted for the largest share of over 50% in 2020 and is expected to remain the fastest growing regional market during the forecast period. This can be attributed mainly to the high demand for the product in the expanding construction sector for residential and commercial and in the solid car manufacturing industry in China, India and Southeast Asian countries.
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