India Aluminum Extrusion Market Outlook - 2027
The India aluminum extrusion market size was valued at $1.3 billion in 2019, and is projected to reach $2.5 billion by 2027, growing at a CAGR of 8.3% from 2020 to 2027.
Aluminum extrusion is the process of shaping the aluminum with the help of a shaped opening in a die. During the extrusion process, a ram pushes the aluminum product through the die shape and it comes out with the same shape of the die. After the extruded products are cooled down, they are moved to stretcher to make them fully straight. Basically, aluminum extrusion is found in three shapes, namely hollow, semi-hollow, and solid. Aluminum extrusions are widely used in building & construction, automotive & transport, and electrical industries.
Increase in demand for lightweight and durable extruded products in various industries is expected to drive the market growth of aluminum extrusion during the forecast period. The lightweight and high strength to weight ratio of aluminum makes it ideal for large constructions and buildings to provide added strength at decreased weight. In addition, the high corrosion resistance of extruded aluminum is expected to fuel the demand in electrical, electronics, and medical sectors. Due to thick layer of aluminum oxide after anodizing or powder coating, such type of extrusion becomes highly resistant to corrosion unlike steel and iron. This leads to reduced maintenance cost for various industrial products. However, high initial set up cost and low production efficiency may negatively impact the India aluminum extrusion market growth.
Due to slow extrusion process, aluminum extrusion cannot achieve continuous production. Nonetheless, surge in demand for flexible design is expected to create lucrative opportunities for the India aluminum extrusion market players. With aluminum extrusion, industry players can produce wide range of extruded products with various shapes and sizes on the same equipment
The India aluminum extrusion market is segmented on the basis of product and end user. On the basis of product, it is divided into mill-finished, anodized, and powder coated. Based on end user, it is categorized into building and construction, electrical and electronics, automotive & transportation, industrial, and others.
Major players have adopted business expansion to sustain the intense market competition. For instance, Hindalco Industries Limited announced to open new production facility in Silvassa. The 34,000-metric tons extrusion plant will serve the downstream market with various extruded aluminum products. This will strengthen company’s market presence in western and southern regions of India. Some of the key players profiled in the report include Arkema S.A., Basf SE, Celanese Corporation, Solvay SA, Covestro AG, and Sabic.
India Aluminum Extrusion Market, By Product Type
Mill-finished extrusion accounted for highest market, owing to rise in demand for low-cost extruded aluminum products for electrical and automotive applications such as cylinder heads, blocks, and covers.
By Product Type
Anodised is projected as the most lucrative segment
Anodised extrusion is expected to witness highest market growth, owing to its high durability and clean appearance, is expected to foster the India aluminum extrusion market growth during the forecast period.
India Aluminum Extrusion Market, By End User
The building and construction segment accounted for highest revenue share. Due to high strength to weight ratio of aluminum, it is more suitable for large buildings in seismic zones. For instance, aluminum's strength to weight ratio is 1/8, whereas for stainless steel it is 1/16. Industrial end user is expected witness highest market growth, owing to rise in demand of lightweight aluminum profiles in various industrial applications is expected to drive the market growth. Aluminum extrusion is expected to replace conventional materials in many industrial places, due to its lightweight, high corrosion resistance, and high strength to weight ratio.
By End-user
Industrial is projected as the most lucrative segment
Key benefits for stakeholders
- The India aluminum extrusion market analysis covers in-depth information of major industry participants.
- Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- Major countries have been mapped according to their individual revenue contribution to the regional market.
- The report provides in-depth analysis of the India aluminum extrusion market forecast for the period 2020–2027.
- The report outlines the current India aluminum extrusion market trends and future estimations of the market from 2019 to 2027 to understand the prevailing opportunities and potential investment pockets.
- The key drivers, restraints, & market opportunity and their detailed impact analysis are explained in the study.
India Aluminum Extrusion Market Report Highlights
| Aspects | Details |
 By Product |
|
 By End User |
|
 Key Market Players | KUNAL ALUMINIUM, GLOBAL ALUMINIUM PVT. LTD, BANCO ALUMINIUM LIMITED, MITTAL EXTRUSIONS, HINDALCO, EAGLE EXTRUSION PRIVATE LIMITED, JINDAL ALUMINIUM LIMITED, ALOM GROUP OF INDUSTRIES, GALCO GROUP, ALPRO EXTRUSIONS PVT. LTD., MAAN ALUMINIUM LIMITED, THE SUPERFINE GROUP, BHORUKA EXTRUSIONS, CENTURY EXTRUSIONS LIMITED, SALCO EXTRUSIONS PVT. LTD. |
Analyst Review
According to the CXOs of leading companies, the India aluminum extrusion market is heading toward an expansion phase. This is mainly attributed to a significant surge in demand for building and construction projects. Furthermore, increased emphasis for lightweight materials for automotive and transport body parts is expected to positively impact the market growth. High chemical resistance of aluminum extrusion and the tough layer of aluminum oxide prevents electronics products and automotive from corrosion; thereby, positively influencing the market growth.
Increase in demand of lightweight products in building and construction, and high durability of aluminium extrusion, are the key factors boosting the market growth.
The India Aluminum extrusion market was valued at $1.3 billion in 2019, and is projected to reach $2.5 billion by 2027, growing at a CAGR of 8.3% from 2020 to 2027.
Banco Aluminium Limited, Eagle Extrusion Private Limited, Alpro Extrusions Pvt. Ltd., Kunal Aluminium, Bhoruka Extrusions, Jindal Aluminium, Maan Aluminium, Hindalco, and Century Extrusions are the top companies in the market.
Building and construction is projected to increase the demand for India Aluminum Extrusion Market.
Mill finished segment accounted for the largest India Aluminum Extrusion market share.
Rise in demand for lightweight materials in construction sector, coupled with growing application of aluminium extrusion in electrical and electronics are the main drivers influencing the market growth.
Industrial, automotive and transport end users are expected to drive the adoption of India Aluminum Extrusion.
• The India aluminum extrusion market is expected to witness temporary downfall, owing to decline in demand for automotive and constructions. Consumers intend to leave home to shop for necessities, but maintain low engagement in shared services. • In addition, a large number of manufacturing industries and commercial areas went under complete lockdown for the last few months, thereby negatively impacting the market growth. • Furthermore, extended lockdown across the globe negatively affected the global supply chain of the alumina and bauxite mining. Regulations on cross-border imports and exports delayed the lead time for replenishment of raw materials, thereby negatively affecting the upstream process. • However, implementation of IoT, robotics, and artificial intelligence may decrease the number of active labors on shop floor; thus, restricting further spread of the virus. This will slowly improve the market scenario.
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