The Global aluminum extrusion market is estimated to be valued at US$ 5.57 Bn in 2024 and is expected to exhibit a CAGR of 18.% over the forecast period 2024 To 2031.

Key Takeaways

Key players operating in the aluminum extrusion market are Corbion, Minerals Technologies Inc., Compass Minerals International Inc., Albion Laboratories, Inc., Paul Lohmann GmbH KG, K+S Aktiengesellschaft, Gadot Biochemical Industries Ltd., Arla Foods amba, DuPont, Jungbunzlauer Suisse AG, SEPPIC, and Koninklijke DSM N.V. The growing construction activities in developing economies of Asia Pacific and Middle East & Africa are expected to open new growth avenues for aluminum extrusion manufacturers. Technological advancements such as friction stir welding is enabling fabrication of complex aluminum extrusions with superior strength and durability properties.

Market Drivers

Rapid urbanization and growth of smart cities in countries such as China, India are fueling investments in infrastructure development projects. Aluminum Extrusion Market Demand is positively impacting the demand for aluminum extrusions in construction applications such as windows, doors and structural framing. Stringent fuel efficiency and emission norms have increased adoption of aluminum in automobile manufacturing owing to its lightweight properties. The aluminum extrusion market is expected to gain further traction from increasing investments in renewable energy projects such as solar panels.

Current Challenges in Aluminum Extrusion Market
The aluminum extrusion market is facing challenges due to rising raw material costs and uncertainties caused by the ongoing trade wars and geopolitical tensions. Aluminum prices have risen sharply over the past year due to supply constraints. The ongoing Russia-Ukraine conflict has further disrupted global aluminum supply chains and boosted prices to record highs. Ongoing trade issues between the US and China also pose a risk to the growth prospects of market players dependent on exports. Sustaining manufacturing operations and meeting delivery timelines have become difficult in this challenging macroeconomic environment.

SWOT Analysis
Strength: Light weight and corrosion resistance of Aluminum Extrusion make them suitable for various applications. Growing construction and automotive sectors drive the demand.
Weakness: Aluminum extrusion process requires heavy capital investment in machinery. Volatility in aluminum prices increases production costs.
Opportunity: Shift towards green packaging solutions increases the demand for sustainable aluminum extrusions. Growth of electric vehicles market opens up opportunities.
Threats: Trade wars and geopolitical tensions disrupt global supply chains. Substitution threat from composites in some applications.

Get more insights on Aluminum Extrusion Market