Global Aluminum Extrusion Manufacturing Market Global Insights, Growth, Size, Comparative Analysis, Trends and Forecasts, 2023 – 2031

HOUSTON, TEXAS, UNITED STATES, July 7, 2023/EINPresswire.com/ -- Aluminum alloy material is forced into a die with a specific cross-sectional form using the extrusion method. Aluminum is pushed through the die and out of the die hole with the use of a powerful ram. When this happens, it appears in the precise shape of the die and is carried away along a runout table. During the second world war, there was a sharp surge in demand for aluminum extrusion. It was used in the creation of aeroplanes and for military purposes. Extruded aluminum became ever more necessary. We now live with it every day. Everything you own, from your automobile to your home things, is a result of this efficient production process.

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Global Aluminum Extrusion Manufacturing Market Snapshot

Market Value in 2022: USD 91.86 Billion

Growth Rate: 8.3%

Drivers: Increase in Demand for Lightweight and Durable Extruded Products in Various Industries

Opportunities: Rising Construction of Green Buildings

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Which End User Industry Will Experience Huge Growth In the Global Aluminum Extrusion Manufacturing Market in the Upcoming Years?
Extrusion of aluminum is a productive production method for several sectors due to the material's properties. This material is perfect for extruding engine blocks, panels, gearbox housings, roof rails, vehicle chassis and other component parts due to its strength-to-weight ratio. The automotive industry is anticipated to be the fastest growing segment in the global aluminum extrusion manufacturing market during the forecast years 2023-2031. Aluminum is the quickest, safest, greenest, and most advantageous method for reducing bulk, boosting vehicle performance, extending battery range, and to lower emissions. The automobile industry's fastest-growing material right now is aluminum, which is predicted to increase by almost 12% per car by 2026. Low weight aluminum will also be crucial to the electric car revolution by expanding battery range. The process of extruding aluminum also yields components for air conditioners, air conditioner condenser tubes, and electronic cooling components. Since extruded aluminum tubing is not magnetic, it can be used to house wires and coaxial cables. Aluminum material works well for outdoor applications since it resists rust and corrosion. Extrusions made of aluminum are also quite reflective which has led to huge demand across various industries.

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Based on Region Segment, which Region Dominated the Aluminum Extrusion Manufacturing Market in 2022?
Asia Pacific region accounted for a lion’s share, owing to numerous factors one being rising urbanization and governmental efforts to improve infrastructure. Additionally, by incorporating technological advancements, the major market players are launching new product variants. Due to the presence of important rising nations like China and India in the area, it is projected that demand for aluminum extrusion would increase in both economies. The Indian government has recently made large investments in projects including rail transport, electric cars, metro systems, smart cities, renewable energy, and security initiatives, which in turn is boosting the demand for aluminum extrusion manufacturing market.

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Global Aluminum Extrusion Manufacturing Market Snapshot

Market Segmentation
• By Product Type
o Mill Finished
o Anodized
o Powder Coated
o Polishing
o Wood Grain
o Others
• By Alloy Type
o 1xxx series
o 2xxx series
o 3xxx series
o 5xxx series
o 6xxx series
o Others
• By Extruded Shape
o Solid
o Hollow
o Semi-hollow
o Customized
• By Application
o Automotive
o Architecture and Construction
o Electrical Systems
o Industrial
o Energy
o Consumer Goods
o Military
o Others

Companies Included
• Aluka Extrusion
• Alumil
• Apex Aluminum Extrusions
• BRT Excursions, Inc.
• ETEM GROUP
• GAL Aluminium Extrusions Pvt. Ltd.
• GSH Industries Plastics Manufacturing and Molding
• Indo Alusys Industries Limited
• JINDAL ALUMINIUM LIMITED
• Michigan Extruded Aluminum.
• Press Metal
• TALAN PRODUCTS INC.
• Other Market Participants

Regions Covered
• North America (U.S., Canada, Mexico, Rest of North America)
• Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe)
• Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
• Latin America (Brazil, Argentina, Rest of Latin America)

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