Market Projection
- The Aluminum Extrusion market share is segmented by product and end use. Segmentation by product includes Mill-Finished, Anodized and Powder Coated products. The mill-finished products have the major market share with revenue generation of USD $50.6 Billion in 2021 and reach USD $130 Billion by 2030 at a CAGR of 6%
- The EV battery enclosure market was valued at $4.0 billion in 2022 US. EV battery enclosure market is anticipated to grow at a CAGR of 18.3% from 2023 to 2030 to reach a value of $18.1 billion US
- The global heat sink market was valued at $5.5 billion in 2022, and is projected to reach $10.9 billion by 2032, growing at a CAGR of 7.1% from 2023 to 2032
The anodized products segment accounted for a market value of USD 25.4 Billion in 2021 and reached a valuation of USD 47.8 Billion in 2030 at a CAGR of 7%. Anodizing is an electro-chemical process that includes immersing the extruded product in an acid electrolyte bath with an electric current allowed to pass through it. Anodizing enhances the natural oxide surface layer that increases the durability of the extruded product, and the layer formed by anodizing is hard and corrosion-resistant.
The powder-coated segment has a substantial market value which stood at USD 10.5 Billion in 2021 and is expected to reach USD 16.2 Billion by 2030 at a CAGR of 5%. While powder coating the extruded product, the aluminum surface is pre-treated, then the specialized powder is applied over it to heat it further, and at last, the product is left to cool down. This process allows a greater strength to the extruded aluminum product and increases its durability with minimal chances of defects.
By end-user, the global aluminum extrusion market is classified into building and constructions, automotive & transportation, and electrical and electronics. The building and construction segment is the dominant segment, with USD 52.1 Billion in 2021 and estimated to reach USD 85.2 Billion in 2030 at a CAGR of 6%. Aluminum extrusion is widely used in building and construction sectors due to its low weight and high strength-to-weight ratio. Aluminum weighs about one-third of the total weight of copper or steel. Due to the high strength and weight ratio, aluminum extruded products are widely used in building structure foundations.
The automotive and transportation segment is the second most dominant segment in the said category that accounting for USD 10.8 Billion in 2021 and is expected to reach USD 20 Billion by 2030 at a CAGR of 7%. The aluminum extruded products find their application in automotive and transportation needs as the demand for lightweight automotive components increases. With this, the transportation structures also have a huge demand for lightweight structures for bridges, highways, rails, etc.
The third category of the said segment, which is electrical and electronics, has a substantial market value recorded at USD 9.2 Billion in 2021 and is growing to USD 16.6 Billion in 2030 at a CAGR of 7%. Electrical and electronics manufacturing units use small parts used in any electronic devices, which are extruded from aluminum. That is why the said market also has a footprint in the electrical and electronics industry.
Vertical Product Targets for Extrusions
- Automotive: Electric vehicles (EVs), Hybrid Vehicles
- Industrial Equipment: Forklifts, Robotics, Power tools
- Renewable Energy: Solar Power Storage, Wind Energy Storage
- Medical devices: Portable Medical Equipment, Patient Monitoring Devices
- Heat Sinks: Heat Dissipation units used in Electronics, Server Rooms, Telecom, Aerospace and Automotive
Battery Trays by Aerostar
Battery holders play a crucial role in various industries, providing secure and reliable connections for batteries, it’s the bodyguard to your battery ensuring its safety and protection. In addition to keeping the battery cells in place and safe from damage, battery trays are responsible for keeping passengers of Electric Vehicles safe.
Metal Battery Trays
- Robust construction, high durability.
- Often used in heavy-duty applications.
- Applications in industrial equipment, military devices, marine applications.
Customized Battery Trays
- Tailored to specific battery sizes and requirements.
- Offer flexibility and optimization for unique applications.
- Benefits of customization for clients.
Heat Sinks by Aerostar
Heat sinks are also known as heat exchangers for heat dissipation. These are the mechanical devices which are used in electronic products and devices for heat exchange. Heat sinks allow electronic devices to process information more rapidly. With the miniaturization of electronics, the heat generated in these devices is strengthening the market size.
Heat sinks are utilized in the following areas: EV Controllers, Battery pack cooling, IT cooling in Telecommunications, CPUs, and in Chemical Processing applications.
Key Aluminum Extrusion Companies:
The following are the leading companies in the aluminum extrusion market. These companies collectively hold the largest market share and dictate industry trends. Financials, strategy maps & products of these aluminum extrusion companies are analyzed to map the supply network.
Alupco
Arconic Corp.
Bahrain Aluminum Extrusion Company
Constellium N.V.
Gulf Extrusions Co. LLC
Hindalco Industries Ltd.
Kaiser Aluminum
Norsk Hydro ASA
Orange Aluminium Extrusions Stock
QALEX
WW Grainger
