Aluminum is heated in a kiln during the extrusion process so that it becomes pliable enough to be moulded. The final shape of the profiles is created by pressing this heated aluminium through a mould under high pressure. The profiles are extruded, further cooled, and then trimmed to the desired sizes. The market for extruded aluminium profiles is anticipated to increase in the near future since this method of making aluminium profiles is more affordable than alternatives like casting. The limitations on colour and application techniques are also less tight for extruded aluminium profiles. Hence, they can be applied by electrodepositing, flow coating, electrostatic spraying, powder coating, and dip coating. The market for extruded aluminium profiles has been developed and expanded by the building and electrical industries. These aluminium profiles can also be painted in two different colours, which will improve their aesthetic appeal. The expansion of the extruded aluminium profiles industry in the area has been aided by the building of new airports, office buildings, and homes.
According to Coherent Market Insights, The market for Extruded Aluminium Profiles was assessed at US$ 72000.0 million in 2021, growing at a CAGR of 5.67% over the anticipated period (2022 to 2030).
Major Players in the Extruded Aluminum Profiles Industry:
1. Norsk Hydro ASA,
The company was established in 1905 and has its Headquartered in Oslo, Norway. Aluminum and aluminum-related goods are supplied by Norsk Hydro ASA. The business offers construction systems, extruded goods, rolled products, wire rod, automotive and transportation products, and casthouse products. Hydro finalised the acquisition of Hueck's building systems and extrusion division in March 2023.
2. Bonnell Aluminum
The company was established in 1955 and is based in Georgia, United States. The business offers design, extrusion, fabrication, anodizing, machining, assembly, and packaging services in addition to anodized aluminium extrusions and precisely dimensioned components for solar panel and mounting systems. In 2022, Bonnell sponsored an Exhibition of Local Art in Newnan, Georgia.
3. China Zhongwang Holdings Ltd.,
The business was established in 1993 and has its Headquartered in Liaoyang, China. The main business of China Zhongwang Holdings Ltd. is the manufacture of large-section, highly valued industrial aluminium extrusion goods. These products find extensive use in the engineering fields of transportation, manufacturing, and electric power.
4. China Hongqiao Group Limited,
The company was established in 1994 and has its headquarters in Binzhou, China. The company China Hongqiao Group Ltd. produces aluminium goods. Molten aluminium alloy, aluminium alloy ingots, and aluminium busbars are among the company's aluminium goods. China Hongqiao Group Co., Ltd. become a new Production and Transformation member of The Aluminium Stewardship Initiative in 2021.
5. Schüco International KG,
The firm was founded in 1951 and has its headquarters in Germany. The business creates and produces building products, including window, door, and façade systems as well as equipment for solar heat, solar pumps, and power. The goods are sold all over the world by Schueco International. In September 2021, Alufit International Private Limited's majority stake was acquired by Schüco International KG.
6. Hindalco Industries Ltd.,
The business, which has its headquarters in Mumbai, was established in 1958. Aluminum and copper are both produced by Hindalco Industries Limited, an integrated company. The Business operates captive power plants, alumina smelting, bauxite mining, alumina refining, coal mining, downstream rolling, extrusions, and foils. Silvassa will get a new manufacturing facility from Hindalco Industries Ltd around December 2020. This extrusion facility will create a range of downstream market extruded aluminium products.
7. Arconic Corporation
The company was established in 2020 and is situated in Pennsylvania, United States. The business provides aluminium sheets, plates, and other extruded materials for the industrial, automotive, aerospace, and commercial transportation applications. Arconic Corporation, a premier supplier of advanced aluminium products, launched as a standalone company in April 2020.
*Definition: The process of converting aluminium or an aluminium alloy into a specific form or profile for a variety of uses is known as extrusion. The metal aluminium is incredibly flexible and may be formed into thin, light, crushable objects. The metal undergoes a thermomechanical manufacturing process for permanent transformation
