Aluminium extrusion is a manufacturing process in which aluminium alloys are shaped by forcing them through a die to create complex cross-sectional profiles. These extrusions are used in various automotive applications, including structural components, body panels, heat exchangers, and interior trim.
The market growth is attributed to factors such as increasing demand for lightweight vehicles, rising fuel efficiency regulations, and growing adoption of electric vehicles.
Aluminum extrusion is a metal forming process in which aluminum alloy is converted into desired shape for a wide range of uses. The process involves forcing aluminum alloy through a die to create a continuous profile. Aluminum extrusions are used in a variety of automotive applications, including body panels, chassis components, and engine parts.
Executive Summary
The global automotive aluminum extrusion market is experiencing significant growth, driven by the automotive industry’s increasing focus on lightweighting, fuel efficiency, and sustainability. Aluminum extrusion, a process of shaping aluminum alloys into complex profiles, is being widely adopted in vehicle design to reduce weight and enhance performance.
This research report provides a comprehensive analysis of the global automotive aluminum extrusion market, covering market size, trends, drivers, challenges, and the future outlook.
Competitive Landscape
The global automotive aluminum extrusion market is moderately competitive, with a few major players accounting for a significant share of the market. The major players are investing heavily in research and development to develop new and improved aluminum extrusion products.
Key Players
• Alcoa Corporation
• Novelis Inc.
• Constellium SE
• Hydro ASA
• Ryobi Aluminum Co., Ltd.
• Extrusion Industries, Inc.
• Sapa Group
• Press Metal Aluminium Holdings Berhad
• Mingtai Aluminum Industry Co., Ltd. And more
Recent Developments:
Here are some recent developments of companies in the global automotive aluminum extrusion market, with year: 2023
• Constellium SE announced a partnership with Audi AG to develop new aluminum extrusion solutions for the next generation of electric vehicles. The goal of the partnership is to reduce the weight and cost of electric vehicles while improving their performance and range.
• Novelis Inc. announced the launch of its new Advanz™ automotive aluminum extrusion alloy. This alloy is designed to offer high strength, low weight, and excellent corrosion resistance, making it ideal for a variety of automotive applications, such as body panels, structural components, and battery enclosures.