How big is the Automotive Aluminium Extrusion Market?

The Automotive Aluminium Extrusion Market size is expected to reach USD 32.05 billion in 2024 and grow at a CAGR of 10.55% to reach USD 64.11 billion by 2029. Read More

What is the current Automotive Aluminium Extrusion Market size?

In 2024, the Automotive Aluminium Extrusion Market size is expected to reach USD 32.05 billion. Read More

Who are the key players in Automotive Aluminium Extrusion Market?

Novelis Inc., Constellium SE, Norsk Hydro ASA, Bonnell Aluminum and Kaiser Aluminum Corporation are the major companies operating in the Automotive Aluminium Extrusion Market. Read More

Which is the fastest growing region in Automotive Aluminium Extrusion Market?

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Automotive Aluminium Extrusion Market?

In 2024, the Asia-Pacific accounts for the largest market share in Automotive Aluminium Extrusion Market. Read More

What years does this Automotive Aluminium Extrusion Market cover, and what was the market size in 2023?

In 2023, the Automotive Aluminium Extrusion Market size was estimated at USD 28.67 billion. The report covers the Automotive Aluminium Extrusion Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Automotive Aluminium Extrusion Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Automotive Aluminium Extrusion Market Share

Statistics for the 2023 & 2024 Automotive Aluminium Extrusion market share, created by Mordor Intelligence™ Industry Reports. Automotive Aluminium Extrusion share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Automotive Aluminium Extrusion Industry

The aluminum extrusion market is dominated by several key players, such as Novelis Inc., Constellium NV, Norsk Hydro ASA, Kaiser Aluminum, and Kobelco Aluminum Products & Extrusions Inc. The market is characterized by the presence of considerably large players that have tie-ups with major automotive manufacturers. The companies are entering strategic partnerships, acquisitions, and product developments to expand their brand portfolios.

In February 2024, Norsk Hydro ASA (Hydro) invested USD 193.34 million in the establishment of a cutting-edge aluminum recycling plant located in Torija, Spain. This innovative facility is projected to yield an impressive 120,000 metric ton of low-carbon recycled aluminum annually. Its primary output will consist of aluminum extrusion ingots designed to meet the demands of key European industries, with a particular focus on the burgeoning automotive industry. These ingots are specifically tailored for use in EV components, underscoring a proactive and sustainable approach to addressing industry needs.
In September 2023, Hindalco Industries Ltd partnered with Metra SpA, an Italian company known for its expertise in aluminum extrusions. This collaboration aims to enhance Hindalco's capabilities in producing large-scale aluminum extrusions and advanced fabrication technology.