Home Advanced Materials North America Aluminum Extrusion Market Growth, Latest Trend Analysis and Forecast 2030

North America Aluminum Extrusion Market

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North America Aluminum Extrusion Market Size, Share & Trends Analysis Report By Product (Mill-Finished, Anodized, Powder Coated), By End-Use (Building & Construction, Automotive & Transportation, Electrical & Electronics) and By Country(US, Canada) Forecasts, 2022-2030

Report Code: SRAM3296DR
Study Period 2018-2030 CAGR 5%
Historical Period 2018-2020 Forecast Period 2022-2030
Base Year 2021 Base Year Market Size USD XX Billion
Forecast Year 2030 Forecast Year Market Size USD 6944 Million
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Market Overview

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. In 2021, the worldwide Aluminum extrusion market 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%.

In terms of market value, the North America area ranks third. North America had a market share of USD 4,476 million in 2021 and is predicted to expand at a CAGR of 5% to USD 6,944 million in 2030. Aluminum extrusion allows designers to build complex designs for a variety of items ranging from electric motor housing to radiation shutters. The rising demand for North America Aluminum extrusion market products in applications such as construction, consumer goods, machinery and equipment, energy, electrical, healthcare, and military were among the significant drivers driving market expansion. Aluminium is used in the building of the US Navy's new coastal warfare boats. Aluminium is used in the maritime sector because it is more resistant to corrosion than fibreglass. Because of the weight, less momentum is necessary to accomplish the same performance, resulting in lower engine, consumption, and emissions, as well as economic and environmental advantages.

The “COVID-19 epidemic has had a severe influence on the North America Aluminum extrusion market business in North America. The epidemic has had a significant impact on industrial activity, and the lockdown has had a negative influence on product demand.

Market Dynamics

Market Drivers

Aluminium content in internal combustion engines and electrical vehicles (EVs) is increasing in the automotive and transportation sectors, which is expected to enhance market growth throughout the forecast period. Automobile manufacturers are under growing pressure to satisfy regulatory standards related to vehicle environmental impact. Greenhouse Gas (GHG) emissions are governed by agencies such as the United States Environmental Protection Agency (EPA), the California Air Resource Board (CARB), and the National Highway Traffic Safety Administration (NHTSA).

For example, the NHTSA's emission requirements. Carbon dioxide requirements and fuel economy rose by 1.5 percent from model years 2021 to 2026, according to these laws. This is expected to increase demand for numerous aluminium automotive components in the future years. The United States is a major producer and user of Aluminum extrusion. The country is one among the most impacted by the COVID-19 epidemic, which has had a significant impact on manufacturing activity, significantly influencing product demand. Various non-essential enterprises were forced to operate at lower capacity in the first half of 2020, reducing raw material consumption and causing supply chain disruptions.

Market Restraints

The pandemic has had a significant impact on the aerospace and defence, automotive, and construction industries in the United States, resulting in a decrease in demand for extruded items. However, construction operations have been given considerable leeway beyond the first quarter of 2020. Construction operations were recognised as critical enterprises, resulting in the liberalisation of material intake for construction purposes. Depressed attitudes in new building activities affected the volume flow of Aluminum extrusion in the United States during fiscal 2020. Extrusion products' low prices and weight contribute to their increasing demand in a variety of industrial applications, particularly in the automotive and aerospace and military industries.

Regional Analysis

In terms of revenue, North America is expected to expand at a high rate from 2022 to 2030. The restart of industrial activities following the epidemic is expected to boost market growth. Economic development activities by the government are also expected to aid in the recovery of the regional economy. “For example, in October 2020, Canada announced a new infrastructure plan worth CAD 7.5 billion (USD 5.8 billion) aimed at promoting a variety of renewable energy initiatives and creating jobs in areas affected by the epidemic.” Because of its huge automotive sector and expanding industrial usage of extruded aluminium, the United States is expected to play a considerable role in the growth of the North America Aluminum extrusions market. The rise of the Aluminum extrusions business in the United States will be aided by a trend toward green building adoption, resulting in increased demand for extruded aluminium.

Report Scope

Report Metric Details
Segmentations
By Product
  1. Mill-Finished
  2. Anodized
  3. Powder Coated
By End-Use
  1. Building & Construction
  2. Automotive & Transportation
  3. Electrical & Electronics
Company Profiles Aluminum Products Company Arconic Corporation Bahrain Aluminum Extrusion Co. (Balexco) Century Extrusions limited China Zhongwang Hindalco
Geographies Covered
North America US Canada
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
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Segmental Analysis

The North America Aluminum extrusion market in North America is divided into two categories: product and application. The market is divided into forms, rods & bars, and pipes & tubes based on product. The market is divided into building & construction, automotive & transportation, consumer products, machinery and equipment, and others based on application.

In 2021, the shapes product segment had the highest revenue share of more than 79.5 percent. aluminium has a high malleability, making it simple to shape using the extrusion process. Aluminium billets are heated and driven through steel dies using a ram or hydraulic press with high pressure.After this procedure, which includes the shape of dies, aluminium forms are created. Aluminium forms are utilised in chassis, roof rails, panels, transmission housings, and engine blocks for trucks, vehicles, boats, and trains in the automotive and transportation industry. Vehicles are need more structural components to make them lighter.”

For example, the Ford F-150 is made of big aluminium parts, with aluminium body panels and extruded forms accounting for most of the body weight. Bars have any number of flat sides, whereas rods are round. aluminium billets are heated and fed through a succession of rollers before being coiled and dragged into rods, bars, and tubes using thinning dies in the extrusion process. Rods and bars are commonly employed in construction, particularly in the creation of scaffolding structures. In terms of stability, weight, and flexibility, these lightweight scaffolding solutions outperform standard methods.

In 2021, the building and construction industry had the highest revenue share of nearly 60%. Investment in the housing industry has had a significant impact on the usage of extruded goods in building operations. China is the world's largest construction sector in terms of nominal value. Over the projection period, the country's desire to invest in new home development is anticipated to help the category grow. In 2021, the automotive & transportation industry had the second-largest volume share, and it is predicted to increase at a healthy CAGR during the projection period. “Cross rails, anti-intrusion beams, fuel distribution pipes, radiator beams, engine mounts, longitudinal beams, seat tracks, underbody space frame rockers, roof rails, and tailgate frames are just a few of the uses for Aluminum extrusions in cars.”

Because consumer products have fewer aluminium uses than other sub-segments, consumer goods had the lowest market share in 2021. During the projected period, however, rising consumer goods production is likely to raise demand for Aluminum extrusions used in furniture, recreational and athletic goods, toys, refrigerators and freezers, and other large appliances. In the consumer products market, extruded portions like as sheets, bespoke forms, and bars are commonly employed. Computer gadgets, audio and video systems, and other appliances all benefit from customised extruded forms. In the approaching years, rising manufacturing of the devices and appliances is projected to increase product demand.

Market Size By Product

Top Key Players

Aluminum Products Company Arconic Corporation Bahrain Aluminum Extrusion Co. (Balexco) Century Extrusions limited China Zhongwang Hindalco Others

Frequently Asked Questions (FAQs)

What is the estimated growth rate (CAGR) of the North America Aluminum Extrusion Market?
The market size is growing at a CAGR of 5% from 2020 to 2030.
Aluminium content in internal combustion engines and electrical vehicles (EVs) is increasing in the automotive and transportation sectors is the key driver for the growth of this market.
The key players in this market are Aluminum Products Company, Arconic Corporation, Bahrain Aluminum Extrusion Co. (Balexco), Century Extrusions limited, China Zhongwang, Hindalco.
The Projected value of this market is USD 6,944 million in 2030.


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