According to the recent aluminum extrusion global market report, the industry is projected to grow at an annual growth rate (CAGR) of 4.3% from 2021 to 2026. The report reveals that the construction industry is the largest consumer of aluminum extrusions, accounting for around 37% of the total market share.
It is due to the increasing demand for sustainable and energy-efficient buildings that require materials with high strength, thermal insulation, and design flexibility. The report also provides insight for businesses, investors, policymakers, and government agencies, allowing them to make informed decisions and strategies for the future.
Let’s dig deep into the aluminum extrusion global market report to understand the future of aluminum extrusion.
Aluminum extrusion is a manufacturing process that involves shaping aluminum. The process is commonly used to create complex cross-sectional profiles for various products, including building and construction materials, automotive parts, and consumer electronics.
The resulting aluminum extrusion products can be used in various applications, including construction, automotive, aerospace, and consumer goods. Some of the benefits of aluminum extrusion include the creation of complex shapes and designs that would be difficult or impossible to achieve with other methods.
It is also a cost-effective way to produce consistent quality and precision parts, making it ideal for large-scale production. Additionally, aluminum extrusions are lightweight, durable, and recyclable, making them a sustainable and eco-friendly choice for many applications.
The aerospace industry is one of the major markets for aluminum extrusions. It is because a high strength-to-weight ratio and resistance to fatigue are critical in aerospace engineering. The extrusions are used in aircraft structures, engine components, and other applications.
According to the report, the aerospace sector is expected to see robust growth in the coming years, driven by the increasing demand for air travel and the need for more fuel-efficient aircraft.
The 2022 report also highlights the growing demand for aluminum extrusions in the automotive industry. Normally, aluminum extrusions are used in various vehicle components, including body structures, chassis, suspension systems, and heat exchangers.
The automotive sector is expected to see significant growth in the coming years with the transition to electric and hybrid vehicles, which require lighter and more efficient materials.
Geographically, the report shows that Asia Pacific is the largest market for aluminum extrusions, accounting for around 50% of the total market share. The region is home to some of the world's largest aluminum extrusion companies.
It also projects that growing demand for aluminum extrusions in the construction, automotive, and aerospace industries in countries like China, India, and Japan is expected to drive the market's growth.
Europe and North America are also significant markets for aluminum extrusions, driven by the growing demand for sustainable and energy-efficient buildings and the transition to electric and hybrid vehicles. The report notes that the adoption of aluminum extrusions in these regions is also supported by government regulations and initiatives promoting eco-friendly materials.
It’s great! Based on the Aluminum Extrusion Global Market Report 2022, the future of aluminum extrusion looks better. The construction industry is expected to continue to be the largest consumer of aluminum extrusions as the demand for sustainable and energy-efficient buildings that require materials with high strength, thermal insulation, and design flexibility increases.
Moreover, the transition to electric and hybrid vehicles in the automotive industry is also expected to drive growth in the demand for aluminum extrusions. The aerospace industry, where a high strength-to-weight ratio and resistance to fatigue are critical, is also expected to see upward growth.
Asia and the Pacific region are expected to remain the largest market for aluminum extrusions, driven by the growing demand in countries like China, India, and Japan. North America and Europe are also expected to grow strongly, fueled by the increasing demand for eco-friendly materials.
The report highlights the industry's potential in key sectors, such as construction, automotive, and aerospace, and identifies the Asia Pacific region as a significant market. It also provides valuable insights for businesses, investors, policymakers, and government agencies, allowing them to make informed decisions and strategies for the future.
At Guangdong JMA Aluminium, we are experts in high-quality aluminum extrusion and strive to ensure our customers get what they need for their construction projects. Contact us today, and there is no doubt you will experience exceptional results.
Shishan Production Base
Nonferrous Metal Industrial Park, Xiaotang, Shishan Town, Nanhai District, Foshan City, Guangdong Province
Gaobian production base
Gaobian Zhangbian Industrial Zone, Dali Guangyun Road, Nanhai District, Foshan City, Guangdong Province
Company summary: + 86-757-85558828
Fax: + 86-757-85550238