The global aluminum extrusion market is anticipated to grow significantly at a CAGR of 3.6% during the forecast period (2021-2027). 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%.

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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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