Aluminum-extruded Products Market is estimated to grow from USD 34.48 Billion in 2016 to reach USD 47.61 Billion by 2021, at a CAGR of 6.67%. The base year considered for the study is 2015 and the market size is projected from 2016 to 2021.

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Mill-finished aluminum-extruded products to gain maximum traction during the forecast period.

The mill-finished products segment accounted for the largest market share in 2015; this trend is projected through the forecast period. The mill-finished aluminum-extruded products are highly preferred in the construction and automotive industries. These products are preferred because of their high strength and cost effectiveness. Additionally, mill-finished aluminum-extruded products deliver excellent performance in extreme conditions such as high and low temperatures and humidity.

The automotive industry is projected to be the most rapidly growing end use application for these products during the forecast period.

The aluminum-extruded products market is segmented on the basis of end-use industry into construction, automotive, electrical & electronics, mass transport, machinery & equipment, and others (which include energy, telecom, and consumer durables). In 2015, the construction segment accounted for the largest share of all end-use industries in 2015, in terms of both value and volume. However, the automotive segment is projected to grow at the highest CAGR during the forecast period. The increase in demand from the automotive industry, rise in urbanization & industrialization in emerging countries, growth in concerns of greenhouse gas emissions, emphasis on the light-weight cars, and governments’ initiatives to encourage FDIs are the main drivers for the aluminum-extruded products market.

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Asia-Pacific is to play a key role in the market for aluminum-extruded products.

Low labor costs, rise in industrialization, large scope for FDI, emerging economic conditions, , and an excellent hold on industries such as construction, automotive, mass transport, and aerospace have played a crucial role in the growth of the market for aluminum-extruded products in the Asia-Pacific region.

The Key Players -

Strategies such as mergers & acquisitions and agreements & expansions were largely adopted by most of the players in this market. Companies such as United Company Rusal (Russia), Alcoa Inc. (U.S.), Aluminum Corporation of China Limited (China), Rio Tinto Plc (U.K.), BHP Billiton Ltd. (Australia), Norsk Hydro ASA (Norway), Centaury Aluminum Corporation (U.S.), China Hongquiao Group Limited (China), Aluminum Bahrain B.S.C (Bahrain), and Hindalco Industries Limited (India) have adopted this strategy. Along with the same, these players have a strong distribution network and influencing presence in developed as well as developing economies.