The global aluminum extrusion market is estimated to be valued at US$ 110 Bn in 2023 and is expected to exhibit a CAGR of 5.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

SWOT Analysis

Strength: Aluminum extrusion offers high strength to weight ratio, corrosion resistance and formability which makes it suitable for a wide range of applications in transportation, building & construction and consumer durables. Its recyclability also strengthens sustainability. Being lightweight it also helps lower transportation costs. Advances in extrusion technology have boosted output and varieties of extrusions available.

Weakness: Aluminum’s cost of production though declining remains higher than other competing metals like steel. Being soft in nature it requires heat treatment or alloying for high strength applications.

Opportunity: Growing demand for green and sustainable materials in construction and automotive sectors offers opportunities. Shift towards electric vehicles and renewable energy increases scope as aluminum is extensively used in these industries. Regional capacity expansions in Asia and global infrastructure push opens up new markets.

Threats: Rising energy costs and volatile aluminum prices impacts the industry. Substitute materials like composites and plastics pose threat in specific applications. Economic slowdowns dampen demand from end-use sectors. Trade restrictions and geopolitical tensions affect supply chain.

Key Takeaways

The Global Aluminum Extrusion Market Demand is expected to witness high growth. The global aluminum extrusion market is estimated to be valued at US$ 110 Bn in 2023 and is expected to exhibit a CAGR of 5.2% over the forecast period 2023 to 2030.

Regional analysis related content comprises Asia Pacific region is the largest and fastest growing regional market for aluminum extrusions led by China, India and other Southeast Asian countries where demand from construction and automotive industries is dominating.

Key players related content comprises Key players operating in the aluminum extrusion market are Kaiser Aluminum Corporation, constellium, Hydro extruded solutions, Sapa Extrusion Inc., Exxon Mobil Corporation, Novelis Inc., Bristol Metals, LLC, Hindalco Industries Limited, Gulf Extrusions Co. (LLC), TALCO Aluminium Company.

Explore more information on this topic, Please visit – 

https://www.insightprobing.com/aluminum-extrusion-market-growth-and-forecasts-analysis/ 

Explore more trending article related this topic – 

https://www.pressreleasebulletin.com/geotextile-market-growth-and-forecasts-analysis/