Global Aluminum Extrusion Market Size & Outlook, 2022-2030
Global aluminum extrusion market, 2018-2030 (US$M)
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Global aluminum extrusion market highlights
- The global aluminum extrusion market generated a revenue of USD 94,194.5 million in 2022 and is expected to reach USD 146,816.8 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 5.7% by 2030.
- In terms of segment, shapes accounted for a revenue of USD 74,861.8 million in 2022.
- Pipes & Tubes is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 94,194.5 million |
| Market revenue in 2030 | USD 146,816.8 million |
| Growth rate | 5.7% (CAGR from 2022 to 2030) |
| Largest segment | Shapes |
| Fastest growing segment | Pipes & Tubes |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Shapes, Rods & Bars, Pipes & Tubes |
Other key industry trends
- In terms of revenue, the North America accounted for 9.9% of the global aluminum extrusion market in 2022.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Brazil is the fastest growing regional market and is projected to reach USD 713.3 million by 2030.
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Aluminum Extrusion Market Scope
Aluminum Extrusion Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global aluminum extrusion market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to aluminum extrusion market will help companies and investors design strategic landscapes.
Shapes was the largest segment with a revenue share of 79.48% in 2022. Horizon Databook has segmented the Global aluminum extrusion market based on shapes, rods & bars, pipes & tubes covering the revenue growth of each sub-segment from 2018 to 2030.
Automobile manufacturers are under increasing pressure to meet the regulatory requirements pertaining to the environmental impact of vehicles. Corporate Average Fuel Economy (CAFE) regulation initiated in the U.S. has doubled its target for average fuel-efficiency from 2012 to 2025 owing to increasing emission of greenhouse gases.
Weight reduction in vehicles through the use of aluminum is set to play a crucial role in these conditions in order to meet the regulatory requirements. One pound of aluminum can replace up to 1.8 pounds of conventional steel thereby reducing the overall weight of the vehicles.
The beneficial properties of aluminum such as lightweight, corrosion resistance, and dent resistance allow car manufacturers to make the car body thicker in order to increase the dent resistance. As a result, the content of aluminum is increasing in vehicles. This trend is anticipated to continue over the forecast period.
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Our clientele includes a mix of aluminum extrusion market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global aluminum extrusion market , including forecasts for subscribers. This global databook contains high-level insights into Global aluminum extrusion market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global aluminum extrusion market size, by regions, 2018-2030 (US$M)
Top 10 countries: Aluminum extrusion market size, 2022 (US$M)
Global aluminum extrusion market share, by product, 2022 & 2030 (%, US$M)
Aluminum extrusion market: Opportunity assessment by country
Global aluminum extrusion market, by region, 2022 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 11,098.7 | 9,439.7 | 7,903.1 | 8,702.2 | 9,361.2 | 8,142.1 | 8,719.5 | 9,277.4 | 9,897.8 | 10,588.5 | 11,358.1 | 12,216.5 | 13,175.1 | 4.4% |
| Europe | 17,887.2 | 15,195.9 | 12,707.2 | 13,974.7 | 15,094.9 | 13,057.7 | 13,982.1 | 14,856.3 | 15,827.8 | 16,908.2 | 18,110.5 | 19,450.1 | 20,944.2 | 4.2% |
| Asia Pacific | 74,024.4 | 63,860.7 | 54,380.0 | 60,747.3 | 66,013.1 | 59,425.9 | 65,179.8 | 70,381.8 | 76,214.2 | 82,763.0 | 90,127.6 | 98,423.1 | 107,783.1 | 6.3% |
| Latin America | 2,192.8 | 1,836.5 | 1,513.1 | 1,638.7 | 1,738.0 | 1,516.5 | 1,611.7 | 1,681.8 | 1,758.2 | 1,841.4 | 1,932.0 | 2,030.3 | 2,137.3 | 2.6% |
| MEA | 2,384.0 | 2,020.1 | 1,684.8 | 1,847.8 | 1,987.3 | 1,754.8 | 1,891.1 | 2,003.2 | 2,127.5 | 2,265.3 | 2,418.3 | 2,588.2 | 2,777.1 | 4.3% |
| Overall | 107,587.0 | 92,352.8 | 78,188.2 | 86,910.7 | 94,194.5 | 83,896.9 | 91,384.2 | 98,200.4 | 105,825.4 | 114,366.4 | 123,946.4 | 134,708.2 | 146,816.7 | 5.7% |
Related regional statistics
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