North America Aluminum Extrusion Market Size & Outlook
North America aluminum extrusion market, 2018-2030 (US$M)
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North America aluminum extrusion market highlights
- The North America aluminum extrusion market generated a revenue of USD 9,361.2 million in 2022.
- The market is expected to grow at a CAGR of 4.4% from 2023 to 2030.
- In terms of segment, shapes was the largest revenue generating product in 2022.
- Pipes & Tubes is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 9,361.2 million |
| Market revenue in 2030 | USD 13,175.1 million |
| Growth rate | 4.4% (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 |
| Key market players worldwide | Arconic, Constellium SE Class A, Hindalco Industries Ltd GDR, Kaiser Aluminum Corp, Norsk Hydro ASA, Alexander & Baldwin Inc |
Other key industry trends
- In terms of revenue, North America region accounted for 9.9% of the global aluminum extrusion market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 107,783.1 million by 2030.
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Aluminum Extrusion Market Scope
Aluminum Extrusion Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America 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 81.23% in 2022. Horizon Databook has segmented the North America aluminum extrusion market based on shapes, rods & bars, pipes & tubes covering the revenue growth of each sub-segment from 2018 to 2030.
North America aluminum extrusion market is anticipated to witness low growth across the forecast period. This can be majorly attributed to the negative impact of COVID-19 on the region’s economies. The production and sales of the end-use industries in the region were largely impacted as the spread of the virus hampered the industrial production in the region.
In the first half of 2020, the companies were compelled to either shut down their operations or operate at extremely minimal capacity thereby affecting the demand for raw materials. Automotive, aviation, industrial, construction, and consumer durable industries have been majorly hit due to the pandemic in the North America region, having a negative impact on aluminum extrusion demand.
Automotive industry is anticipated to benefit the overall aluminum extrusion market in the long term, but its growth was majorly affected in the first half of 2020 in North America. The auto plants resumed their operations in the U.S. and Canada in mid May 2020, however, most players in Mexico did not resume operations even by end of May.
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Our clientele includes a mix of aluminum extrusion market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America aluminum extrusion market , including forecasts for subscribers. This continent databook contains high-level insights into North America aluminum extrusion market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America aluminum extrusion market size, by country, 2018-2030 (US$M)
North America Aluminum Extrusion Market Outlook Share, 2022 & 2030 (US$M)
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