Aluminium Extrusion Market Product Outlook, Size and Competitive Landscape till 2027
The global Aluminium Extrusion Market is expected to reach USD 91.67 billion, by 2027, according to Million Insights, registering CAGR of 3.8 % over the forecast period, from 2020 to 2027. Increasing demand from the energy and electrical sector is a major factor driving the market growth. In 2020, the market growth is expected to hamper due to the COVID-19 pandemic.
The global Aluminium Extrusion Market is expected to reach USD 91.67 billion, by 2027, according to Million Insights, registering CAGR of 3.8 % over the forecast period, from 2020 to 2027. Increasing demand from the energy and electrical sector is a major factor driving the market growth. In 2020, the market growth is expected to hamper due to the COVID-19 pandemic.
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• Among products, rods & bars sub-segment is expected to grow with the CAGR of 4.5% in terms of revenue during
the forecast period due to increasing demand for electrical industry.
• The building & construction application segment accounted for the highest revenue share of 60.7%, in 2019. This
high revenue market share is attributed to rapid industrialization and urbanization in developing regions such as
Middle East & Africa and Asia Pacific.
• The electrical & energy application segment is expected to exhibit at a CAGR of 4.8% in terms of revenue during
the forecast period due to growing demand from electrical and energy sector.
• In 2019, Asia Pacific accounted for the largest market share of 74.4% in terms of revenue owing increasing
number of smart city, metro, and defence projects in China and India.
• New plant set up and capacity expansion are major strategies adopted by the leading players in the aluminum
extrusion market.
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Million Insights has segmented the global aluminium extrusion market on the basis of product, application, and
region:
Aluminium Extrusion Product Outlook (Volume, Kilotons; Revenue, USD Billion, 2016 - 2027)
• Shapes
• Rods & Bars
• Pipes & Tubes
Aluminium Extrusion Application Outlook (Volume, Kilotons; Revenue, USD Billion, 2016 - 2027)
• Building & Construction
• Automotive & Transportation
• Consumer Goods
• Electrical & Energy
• Others
Aluminium Extrusion Regional Outlook (Volume, Kilotons; Revenue, USD Billion, 2016 - 2027)