North America Aluminum Extrusion Market Size, Share, and Trends 2024 to 2033

North America Aluminum Extrusion Market Size and Growth

The North America aluminum extrusion market size was USD 9.45 billion in 2023, calculated at USD 9.99 billion in 2024 and is expected to reach around USD 18.56 billion by 2033, expanding at a CAGR of 7.12% from 2024 to 2033. The rising environmental concern in the industrial applications are driving the growth of the market.

North America Aluminum Extrusion Market Key Takeaways

• By product, the shapes segment has held a major revenue share of 76.6% in 2023.
• By product, the rods and bars segment is anticipated to be the fastest growing segment in the market during the forecast period.
• By application, the building and construction segment has contributed more than 63% of revenue share in 2023.
• By application, the automotive and transportation segment is expected to grow at the fastest rate during the forecast period.

Canada Aluminum Extrusion Market Size and Growth 2024 to 2033

The Canada aluminum extrusion market size reached USD 6.63 billion in 2023 and is projected to attain around USD 13.16 billion by 2033, poised to grow at a CAGR of 7.22% from 2024 to 2033.

Canada dominated the North America aluminum extrusion market with the largest revenue share of 70.2% in 2023. The increasing infrastructural development and the rising industrialization such as automotive, manufacturing, energy, consumer goods, and other industries are driving the demand for the aluminum extrusion activities. The rising investment in the manufacturing units and industrial development is boosting the growth of the market.  Increasing economic development and the government support in the infrastructural development is contributing to the growth of the market.

U.S. Aluminum Extrusion Market Size and Growth 2024 to 2033

The U.S. aluminum extrusion market size surpassed USD 2.48 billion in 2023 and is projected to attain around USD 4.78 billion by 2033, poised to grow at a CAGR of 7.57% from 2024 to 2033.

The United States is expected to be the second largest growing country in the market during the forecast period. The rise in population and the availability of well-developed industrial infrastructure is driving the demand for the aluminum extrusion in the industries. The rising concern about environmental pollution and stringent regularities concerning environmental safety is further contributing to the growth of the North America aluminum extrusion market.

Market Overview

The North America aluminum extrusion market revolves around the offering of processes of pressing aluminum raw material by the die with the specific cross-sectional profile that helps in transforming aluminum into the objects that can be used in the wide range of applications. Aluminum extrusion is majorly divided into the two categories direct and indirect, in the direct extrusion, the die or mold remains constant, and the ram applied forces into the metal to move through it. And in the indirect extrusion the metal remains constant while the die moves against it and creates pressure to push the metal through it. The rising demand for aluminum due to its beneficial properties and the lightweight material that are driving the growth of the North America aluminum extrusion market.

North America Aluminum Extrusion Market Growth Factors

• The rising demand for aluminum extrusion in the several end-use industries such as construction, automotive and transportation, aerospace and defense is driving the demand for the aluminum extraction market.
• North America has been seeing significant economic growth in the last several years which positively impacted the industrialization in the regional countries that contributed to the expansion of the aluminum extrusion market.
• The rising population and the increasing demand for commercial, residential, and industrial buildings are driving the growth of the construction industry. The rising demand for aluminum in the construction industry is increasingly fostering the growth of the market.
• The rising concern about the environmental pollution is one of the major factors for the adoption of aluminum in the various end use industries and driving the growth of the North American aluminum extrusion market.
• The beneficial properties of aluminum such as durability, strength, ductility, non-magnetic properties, conductivity, and repeated recyclability without losing its strength is driving the growth of the market.

North America Aluminum Extrusion Market Scope

North America Aluminum Extrusion Market Dynamics

Driver

Rising industrialization in the region

The rising population and economic development is driving the growth of industrialization across the region. Furthermore, the rising demand for aluminum in the several industries like in construction, automotive, packaging, transportation, aerospace and defense, consumer goods, healthcare, energy, manufacturing industries, and infrastructural development are fueling the growth of the market. Aluminum is used in the wide range of industrial applications such as aluminum extrusion is used in the manufacturing of vehicles, in the making of conventional gas-or-diesel powered vehicles, steel is replaced by the aluminum to make it lightweight and helps in lowering carbon emission from the vehicle.

The automobile and transportation industry is wholly responsible for 25% of the total carbon emission in the United States. Aluminum extrusion in the consumer goods industry is responsible for producing high strength, lightweight, high thermal conductivity, ease in fabrication, and non-corrosive consumer products. Thus, the higher adaptability of aluminum extrusion in the various end-use industries are driving the growth of the aluminum extrusion market.

Restraint

High cost

The increasing initial cost of the aluminum extrusion in the manufacturing industries is restricting the growth of the North America aluminum extrusion market. The cost factor usually limits the entry of new market players in the industry by acting as a hindering factor for the entire market. However, support initiatives by governments are observed to support the market in terms of overcoming the restraint.

Opportunity

Rising implementation in healthcare industry

The increasing healthcare sector due to the rising prevalence of diseases in the population and the increasing demand for technologically advanced diagnostic machines and equipment are highly contributing to the growth of the market. The rising adoption of the aluminum extrusion for the production of surgical equipment to the diagnostics machines due to its beneficial properties like corrosion resistance, light weight, design flexibility, fabrication, ease of machining, cost effectiveness, and durability that makes the materials an ideal for the production of machines. Aluminum extrusion is time saving, lower in cost, and delivers the near-net shape process than the other manufacturing methods.

Aluminum extrusion is used in healthcare applications like patient care, the manufacturing of beds, equipment stands, patient positioning systems, cubicle curtain tracks, corridor crash/handrails, service panels and electrical/utility raceways, and surgical lights. Thus, the rising demand for the healthcare industry in North America is driving the growth opportunity in the market. 

Product Insights

The shapes segment dominated the North America aluminum extrusion market with the largest market share in 2023. The growth of the segment is attributed due to the higher malleability of the aluminum, and it can be converted to any type of shapes. Aluminum shapes are used in a wide range of applications in the industrial process. Aluminum shapes are used in several industries like automotive, aerospace and define, healthcare, and other manufacturing units. Aluminum shapes are majorly used in the automotive industry for the production of auto parts.

The rods and bars segment is anticipated to be the fastest growing segment in the market during the forecast period. The growth of the segment is increasing due to the rising demand for the aluminum rod and bars in the industries like construction, medical, electrical, domestic, sports, and others.

Application Insights

The building and construction segment dominated the North America aluminum extrusion market with largest share in 2023. The increasing demand for the building and construction industry owing to the rising population and urbanization in the developing countries. The rising construction industry is highly contributing to the demand for aluminum for a wide range of applications. Weather, the aluminum extrusion is one of the important parts of the industry though it can used in maintaining the carbon emission on the environment by the construction and building industry. Construction industry is one of the largest industries in North America covering approximately 35% of the total consumption, that significantly impacting the growth of the North America aluminum extrusion market.

The automotive and transportation segment is expected to grow at the fastest rate in the North America aluminum extrusion market during the forecast period. The rising demand for the aluminum extrusion in the automotive industry due to its capabilities to enhance the fuel efficiency in diesel to the battery vehicle, it reduces the cost of production, and make the vehicle lightweight that results in the decrease amount of fuel consumption by the vehicle.

It has higher crash energy than steel, and also provides protection for occupants, and batteries. The higher availability of the leading automobile companies in the United States and the increasing demand for the automobile in the population owing to the rising disposable income in the population is further driving the demand for the aluminum extrusion market in the automotive and transportation segment. Thus, the rising automotive industry in North America is driving the growth of the North America aluminum extrusion market.

North America Aluminum Extrusion Market Companies

• Aluminum Products Company
• Arconic Corporation Bahrain
• Aluminum Extrusion Co. (Balexco)
• Century Extrusions limited
• China Zhongwang Hindalco

Recent Developments

• In May 2024, Hydro Extrusion was launched the zero emission onsite production of renewable energy with the aim of 100% locally produced energy from renewable sources for the Hydro’s extrusion plant operations in Vetlanda and Finspång.
• In May 2024, The Indian Coast Guard (ICG) and a major industry group collaborated for supply and manufacturing of indigenous marine-grade aluminum for the countries private and public shipyard’s construction of ships said by the defense ministry of India.
• In May 2024, Hydro Aluminum Metals USA LLC, a leading manufacturer of recycled aluminum products announced the investment worth $85 million for the expansion in its manufacturing operations in Henderson, Kentucky. The project is expected to be operational in 2026.

Segments Covered in the Report

By Product

• Shapes
• Rods & Bars
• Pipes & Tubes

By Application

• Automotive & Transportation
• Building & Construction
• Consumer Goods
• Electrical & Energy
• Others

By Country

• U.S.
• Canada
• Mexico