Automotive Aluminium Extrusion Industry Overview
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.
Automotive Aluminium Extrusion Market Leaders
-
Novelis Inc.
-
Constellium SE
-
Norsk Hydro ASA
-
Bonnell Aluminum
-
Kaiser Aluminum Corporation
- *Disclaimer: Major Players sorted in no particular order
