Aluminum profile market analysis: China's aluminum consumption growth rate is expected to be 1.7% in 2024

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Aluminum profile market analysis: China's aluminum consumption growth rate is expected to be 1.7% in 2024

The aluminum profile market has maintained a steady growth trend in recent years. According to the report of China Research Institute of Industry, the scale of the aluminum profile market continues to grow, and it is expected that with the recovery of the global economy and the continuous expansion of aluminum application fields, the output of aluminum profiles will show a steady growth trend. In particular, with the rapid development of new energy, automobiles, aerospace and other fields, the demand for aluminum profiles will continue to increase.


Specifically, according to the data of the "2024-2029 China Aluminum Industry Market In-depth Research and Development Prospects Investment Feasibility Analysis Report", as of June 2024, the domestic operating capacity of China's aluminum profile industry has reached 43.19 million tons, and it is expected that the effective operating capacity will reach 44.36 million tons by the end of 2025. In addition, the growth rate of aluminum consumption in China in 2024 is expected to be 1.7%, and the overall market will continue to grow.


Aluminum profile market analysis


Due to its lightweight and corrosion-resistant characteristics, aluminum profiles are widely used in construction, automobile manufacturing, aerospace, power equipment and other fields. In particular, in the fields of lightweight aluminum for new energy vehicles, photovoltaic frame brackets, high-voltage transmission and transformation, the demand for aluminum profiles continues to grow.


Aluminum profile is an aluminum alloy material with a specific cross-sectional shape produced by an extrusion process and is widely used in various fields. Its characteristics include beautiful appearance, good dirt resistance, easy cleaning, no welding, environmental protection, light and convenient installation and disassembly, etc. The surface treatment of aluminum profiles mainly includes anodizing, painting, powder spraying, etc. These treatment methods can enhance the corrosion resistance and wear resistance of aluminum and improve its appearance.


Aluminum alloy profiles are widely used in machinery manufacturing, transportation machinery, power machinery and aviation industry. Common aluminum profile specifications include U-type, T-type, I-type, L-type and H-type, etc., each type has its specific application scenarios and characteristics.


Aluminum profiles are widely used in the construction field, including doors and windows, curtain walls, brackets, etc. With the acceleration of urbanization and the advancement of infrastructure construction, the demand for aluminum profiles in the construction industry will continue to grow.


With the rapid development of the new energy vehicle market, the demand for lightweight materials has increased, and the proportion of aluminum profiles in the automotive industry has continued to increase. The lightweight demand of new energy vehicles has driven the expansion of the aluminum profile market.


The main products of aluminum profiles in the photovoltaic field are solar photovoltaic frames and solar photovoltaic brackets. With the rapid development of the photovoltaic industry, the demand for aluminum profiles is also increasing.


Competition and pattern of aluminum profile market


The aluminum profile market is highly competitive, with a wide variety of products, and the quality and performance of products provided by different companies are also different. There are many domestic aluminum profile companies, but the concentration needs to be improved. Some large companies have certain advantages in the competition with their advantages such as funds, stable supply capacity, and continuous R&D investment.


In the international market, foreign industrial aluminum profile mold production supporting facilities are relatively complete, with stronger technical strength, but the labor cost is too high, and the market demand is not as broad as the Chinese market. Therefore, the operating costs of foreign companies are significantly higher than those of domestic companies.


There are many aluminum profile production companies and the competition is fierce. There are many domestic companies, but the overall scale is small, and the ability of technological innovation and new product development is insufficient. In the industry, there are many small companies, mainly facing the low-end market, and mainly competing on price. Large and medium-sized enterprises are mainly oriented to the mid-to-high-end market. They are few in number, but have strong R&D strength, advanced technology and equipment, and can produce high-quality and high-precision products.


Although there are many domestic aluminum profile enterprises, the market share is relatively scattered. Some large enterprises occupy a certain share in the market with their advantages such as capital, stable supply capacity, and continuous R&D investment. At the same time, the brand effect is gradually emerging in the aluminum profile industry. Some well-known brands such as Fenglu Aluminum, Xingfa Aluminum, Weiye Aluminum, etc., have taken a leading position in the market with their product quality and brand influence.


Aluminum profile technology innovation and environmental protection trend


Technological innovation is an important force to promote the development of the aluminum profile industry. High-precision, high-performance, green and environmentally friendly aluminum profile products have become the mainstream of the market. At the same time, the application of digital and intelligent technologies will also promote the transformation and upgrading of the aluminum profile industry.


With the improvement of environmental awareness, the aluminum profile industry also needs to focus on green production and recycling, reduce energy consumption and emissions, and achieve sustainable development. Enterprises need to increase environmental protection investment, improve production processes, improve resource utilization, and reduce energy consumption and pollutant emissions.


Foreign industrial aluminum profile mold production supporting facilities are relatively complete and have stronger technical strength, but the labor cost is too high and the market demand is not as broad as the Chinese market. At the same time, changes in the international trade environment may also have an impact on the aluminum profile market. For example, the import and export policies and tariff adjustments of aluminum profiles may affect the market competition pattern.


In summary, the aluminum profile market will continue to maintain a stable growth trend and achieve a higher level of development driven by factors such as technological innovation, green development, and intensified market competition. Investors should pay attention to industry development trends, seize market opportunities, and actively participate in the investment and development of the aluminum profile industry.


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