India Aluminum Extrusion Market 2023

According to the latest report by IMARC Group, titled “India Aluminum Extrusion Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028″, the India aluminum extrusion market size reached 982,980.4 Tons in 2022. Looking forward, IMARC Group expects the market to reach 1,288,202.3 Tons by 2028, exhibiting a growth rate (CAGR) of 4.49% during 2023-2028.

India Aluminum Extrusion Market Market Overview:

Aluminum extrusion is a widely adopted manufacturing process that entails the transformation of aluminum alloy into specific cross-sectional profiles. The procedure involves the utilization of a cylindrical billet of aluminum, which is heated to a pliable state and then forced through a shaped die by a hydraulic press or ram. The result is a uniform, elongated piece with the same profile as the die, commonly used in the production of structural components, window frames, and various industrial applications. Aluminum’s lightweight nature, coupled with its remarkable strength and resistance to corrosion, makes it an ideal material for extrusion. The efficiency of this process has led to its broad utilization in multiple sectors, including automotive, construction, electronics, and transportation, representing a critical facet of modern industrial manufacturing.

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India Aluminum Extrusion Market Trends:

The Indian Aluminum Extrusion market is witnessing substantial growth, buoyed by the expanding construction industry in India, with its rising demand for lightweight and energy-efficient materials. Additionally, the automotive sector’s increasing reliance on lightweight and corrosion-resistant components has fostered the market’s expansion. Along with this, the government’s push towards infrastructure development and sustainable practices further stimulates growth, aligning with global environmental concerns. In addition, advancements in extrusion technology, enabling more intricate and customized shapes, have unlocked new applications and opportunities within the Indian market. Apart from this, the trend towards the utilization of recycled aluminum, reflecting the global shift towards sustainability, has also positively impacted the market. This, together with the anticipated growth in the electronics and transportation sectors is creating a positive market outlook. Some of the other factors driving the market include rapid industrialization and changing consumer preferences.

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Key Market Segmentation:

Breakup by Product Type:

Breakup by Alloy Type:

Breakup by End-Use Industry:

Breakup by Region:

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key highlights of the Report:

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