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The Turkish aluminum manufacturing market size is forecast to increase by USD 2.81 billion at a CAGR of 6.78% between 2023 and 2028. The aluminum manufacturing market is experiencing significant growth, driven by the increasing demand for lightweight vehicles to reduce carbon emissions and improve fuel efficiency. This trend is particularly prominent in the automotive industry, where aluminum is preferred for vehicle body structures and components. Another key trend is the growing importance of secondary aluminum, which is recycled aluminum, in the manufacturing process. However, the market faces challenges, including fluctuating London Metal Exchange (LME) prices, adversely impacting premiums and production costs. Producers must navigate these price fluctuations to maintain profitability and remain competitive in the market. Overall, the aluminum manufacturing market is expected to continue growing, driven by the demand for lightweight materials and the circular economy trend in manufacturing.
The market is thriving, driven by the increasing demand for electric vehicles (EVs) and advancements in battery technology, such as aluminum-ion batteries. The rise of solar energy and wind turbines highlights the need for lightweight, durable materials, enhancing the use of aluminium products in renewable energy applications. The 3D printing industry is also integrating cast products and wrought alloys for innovative solutions. Turkey's focus on recycled products aligns with global sustainability efforts, particularly in food and beverage packaging and consumer durables. As industries such as food and packaging and electrical engineering expand, the demand for flat rolled, castings, and extrusions continues to grow, positioning Turkey as a key player in the aluminum sector.
Furthermore, Turkey's renewable energy industry is witnessing significant growth, particularly in the production of solar panels. This demand is bolstered by the increasing use of mobile and electric devices, which require efficient energy storage solutions like the aluminium-ion battery. With Al (the symbol for aluminum) being lightweight and durable, it plays a crucial role in various sectors, including the electrical industry and food and packaging industry. The use of forgings and rod and bar products further supports infrastructure needs, such as tractor-trailers. Additionally, Turkey is focused on reducing greenhouse gas (GHG) emissions and carbon emissions, leveraging aluminum's properties to create more sustainable products, which aligns intending to utilize resources from the Earth's crust responsibly.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The Extrusion products segment is estimated to witness significant growth during the forecast period. Aluminum manufacturing plays a significant role in various industries, including lightweight vehicles and power infrastructure. These manufacturers produce extrusion products using advanced technology and equipment, such as eight extrusion production lines at Burak Aluminium, spanning an area of 65,000 square meters. They offer surface treatments like anodization and powder coating applications, and some, like Caliskan Aluminum Accessories, specialize in aluminum accessories. Strategic tie-ups and collaborations among these players ensure a competitive edge in the market.
Furthermore, profitability in this sector is influenced by pricing and promotions, with filler materials playing a crucial role in the production process. Integrated facilities enable the manufacturing of rolled aluminum products, enhancing their versatility and applicability across industries.
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The extrusion products segment was valued at USD 2.42 million in 2018 and showed a gradual increase during the forecast period.
Our market researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing demand for lightweight vehicles is the key driver of the market. The market has experienced significant growth due to the increasing demand for lightweight vehicles, which utilize aluminum as a key material to reduce automobile weight. This trend is driven by stringent global regulations, such as those set by the US Department of Transportation and the US Environmental Protection Agency, which prioritize the reduction of emissions and improved fuel efficiency.
Furthermore, aluminum's versatility and second-place ranking as the most widely used material after steel make it a popular choice for various end-user industries, including building and construction, electrical, machinery, automotive, transportation, and other machinery. The profitability of this market is influenced by factors such as pricing, competition, and promotional activities.
The growing importance of secondary aluminum is the upcoming trend in the market. Aluminum manufacturing encompasses the production of primary and secondary aluminum, with the latter being recycled from end-of-life products. Secondary aluminum production is a crucial aspect of the industry due to its energy efficiency and environmental benefits. The process begins with extracting aluminum from various waste materials using techniques such as laser-induced breakdown spectroscopy (LIBS) and color sorting. Contaminants are removed to enhance the quality and value of the scrap.
Furthermore, secondary aluminum production is 92% more energy-efficient than primary production. In the automotive sector, aluminum's lightweight properties make it an essential component in the manufacturing of lightweight vehicles, contributing to urbanization and infrastructure development. Profitability in this market depends on pricing strategies, competition, and promotional efforts.
Fluctuating LME prices adversely impact premiums and production is a key challenge affecting the market growth. The market experienced significant price fluctuations in recent years, with the price of aluminum declining in 2020 due to the COVID-19 pandemic's impact on demand and supply. However, by 2022, the price of aluminum had rebounded, driven by revised supply-demand levels. Currently, the market is once again facing a downturn in prices, which can significantly affect the production volumes and profit margins of leading aluminum manufacturers in Turkey.
Furthermore, these manufacturers are closely linked to London Metal Exchange (LME) prices, but premiums are also influenced by price fluctuations. Buyers from industries like automotive, construction, and shipbuilding must pay a substantial premium for aluminum, making pricing and competition crucial factors in the market. Promotions and strategic tie-ups can help manufacturers maintain profitability and stay competitive.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Teknik Aluminum. The company specializes in the production of cold rolled aluminum products such as coils, strips, and sheets in a range of different alloys, surface patterns, and dimensions based upon the market requirements.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Aluminum manufacturing is a significant industry driven by the demand for lightweight vehicles and power infrastructure. Strategic tie-ups and collaborations are common in this industry to enhance production capacity and improve profitability. Secondary aluminum production is gaining popularity due to its cost-effectiveness and environmental benefits. Urbanization and the increasing need for energy-efficient buildings are also driving the demand for aluminum in the construction sector.
Furthermore, filler metals are essential in the aluminum manufacturing process, and their availability and pricing significantly impact the profitability of aluminum producers. Promotions and marketing efforts by key players are also crucial in expanding their customer base and increasing market share. The report provides insights into the latest trends, challenges, and opportunities in the aluminum manufacturing industry. The market is diverse, with significant production of beverage cans and foil and packaging products, which leverage the lightweight and recyclable properties of Al (symbol for aluminum). Key sectors include equipment and machinery, where wrought alloy and cast alloy are vital for manufacturing durable components like engine blocks and transmission cases. The industry also supplies metal sheet and structural components to various applications, enhancing consumer goods. In addition, pigments and powder derived from aluminum are used in coatings and finishes. As Turkey aims to reduce carbon emissions, the adoption of aluminum in chemical processing equipment and storage tanks reflects a commitment to sustainability while meeting growing industrial demands.
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Market Scope |
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Report Coverage |
Details |
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Page number |
137 |
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Base year |
2023 |
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Historic period |
2017-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.78% |
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Market Growth 2024-2028 |
USD 2.81 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
6.23 |
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Key companies profiled |
AKPA ALUMINYUM TIC AS, Albaksan Alasimli Bakir, Alko Aluminum, Almesan Aluminyum Sanayi ve Ticaret AS, Altim Aluminyum San Ve Tic Ltd Sti, Arslan Aluminyum AS, Assan Aluminyum Sanayi ve Ticaret A.S., Bor Aluminyum, BURAK ALUMINYUM SANAYI VE TICARET AS, Caliskan Aluminum Accessories, Cansan Aluminum, Dogus Kalp, Eti Aluminyum, Hisar Celik Dokum Sanayi ve Ticaret AS, KOLAS ALUMINYUM AS, Ozeren Aluminum, Ozgenc Makina, SEPA, Teknik Aluminum, and Tuna Aluminum |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this market research report to meet your requirements Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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