In 2021, the worldwide Aluminum extrusion market size was worth USD 86,537 million, and by 2030, it is predicted to be worth USD 1,46,202 million. During the projected period (2022–2030), the market is estimated to increase at a CAGR of 6%.
Europe: 8,402 million (Value 2030) CAGR: 6.7%
Aluminum extrusion is a method of shaping aluminium using an aperture created in a die or mould to get the desired result. Through directed deformation from an extrusion device, the claimed extrusion technique imparts a significant pressure on the aluminium to achieve the desired sections. After the extrusion process, the extruded product is allowed to cool before being treated forward to make it completely straight. This extrusion process may be used to make a wide range of goods, regardless of their shape or size.
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends|
Because of the region's enormous car sector and rising industrial usage of extruded aluminium, Europe is an important for Europe Aluminum extrusion market.
The mill completed product type is the most common in the Aluminum extrusion industry, while the 6000 series alloy is the most prevalent alloy type. Building and construction is the most popular end-use category, thanks to rising construction activity all over the world.
Increased government incentives for using Aluminum extrusions in the building of integrated photovoltaic (BIPV) systems that create renewable energy are driving up demand. The fast expansion of the building and construction industries is a primary driver of the Aluminum extrusion business. The Aluminum extrusion industry benefits from the increased need for infrastructure, which includes both residential and non-residential projects, as well as the growing manufacture of power generation, distribution, and air conditioning systems. Higher per capita sales and changing lifestyles are also propelling the aluminium industry forward.
Due to the installation of total lockdown, the COVID-19 outbreak has had a severe impact on the Europe Aluminum extrusion market industry recently. Lockdowns implemented in various parts of the area, which hinder international commerce, have forced the temporary closure of a number of industrial facilities, impeding market development in Europe. The market will witness a "W" shape recovery soon due to the restart of important sectors in major economies.
The European automotive industry's growth and output are dropping as a result of the COVID-19 outbreak, lowering demand for aluminium and associated components. To recoup from the damage, regional automakers have joined together for the advancement of the industry, partnering on programmes like the vehicle-renewal programme, which focuses on the sale of environmentally friendly cars such as clean ICEs and EVs.
Furthermore, the company faces other challenges such as large surplus capacity on global markets, strict EU rules, and issues sourcing aluminium scrap. Semi-fabricated product manufacture, on the other hand, is constantly rising throughout Europe.
Most European countries focus on basic aluminium manufacturing rather than extrusion. Norway and Iceland are also the largest exporters of primary aluminium to the EU, despite being members of the EU's economic zone. Other major European exporters include Russia, the United Arab Emirates, and Mozambique. To suit domestic demand, both primary and recycled production are employed. The United Kingdom, Germany, France, Italy, Russia, Spain, and others are mostly active in Europe Aluminum extrusion market in whatever proportion it occurs in Europe.
Aluminum extrusion is the technique of pushing aluminium alloys through a cross-sectional die to form certain shapes. Aluminium that has been extracted is incredibly light, cost-effective, and corrosion-resistant. It also has good ductility, enhanced conductivity, and can be recycled without losing its integrity. It's also tough and stable, as well as dirty in appearance. It's also used to transport, and dump mined materials, as well as manufacture numerous aircraft components. The process's products are widely employed in a range of sectors, including automotive, electric, and construction, due to their significant advantages.
Due to the ongoing battle between Russia and Ukraine, Europe has recently been subjected to a backlash. It, like all other industries, has had a detrimental influence on the industry's production and distribution. Furthermore, it has had a detrimental influence on completed products demand.