The U.S. aluminum extrusion market was valued at USD 6.78 billion in 2023 and is projected to grow at a CAGR of 7.0% from 2024 to 2030. This growth is attributed to a confluence of factors, including the burgeoning demand from the automotive and construction sectors. The market is witnessing a significant upsurge due to the automotive industry’s shift towards lightweight and fuel-efficient vehicles, which extensively utilize aluminum extrusions. Additionally, the construction industry’s trend towards sustainable and energy-efficient building practices has spurred the demand for aluminum extrusions.
Regulatory frameworks significantly shape the trajectory of the U.S. aluminum extrusion market. The stringent standards set by agencies such as the National Highway Traffic Safety Administration (NHTSA), California Air Resource Board (CARB), and the U.S. Environmental Protection Agency (EPA) have a profound impact. These regulations, particularly concerning greenhouse gas emissions, compel auto manufacturers to innovate in vehicle design and materials, often leading to increased utilization of aluminum for its lightweight and performance benefits.
Gather more insights about the market drivers, restrains and growth of the U.S. Aluminum Extrusion Market
U.S. Aluminum Extrusion Market Report Highlights
- The shapes segment dominated the U.S. market in 2023 with more than 80.0% revenue share. This dominance can be attributed to the extensive use of shape products for building and construction, automotive, machinery, equipment manufacturing, and others.
- The building & construction segment dominated the U.S. market in 2023 with more than 36.8% revenue share. This segment extensively uses aluminum extrusions due to their durability, lightness, and resistance to corrosion. In 2023, construction activities increased, including mega projects like the Gordie Howe International Bridge, Hudson Tunnel Project, and JFK Airport Expansion.
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- The global ammunition market size was estimated at USD 68.57 billion in 2023 and is projected to decline at a CAGR of -11.3% from 2024 to 2030.
- The global precast concrete market size was estimated at USD 105.72 billion in 2023 and is expected to register a compound annual growth rate (CAGR) of 5.8% from 2024 to 2030.
U.S. Aluminum Extrusion Market Report Segmentation
This report forecasts revenue and volume growth and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the U.S. aluminum extrusion market report based on product and application:
- Product Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)
- Shapes
- Rods & Bars
- Pipes & Tubes
- Application Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)
- Building & Construction
- Automotive & Transportation
- Consumer Goods
- Electrical & Energy
- Other Applications
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