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The aluminum manufacturing market in Turkey is estimated to grow at a CAGR of 5.9% between 2022 and 2027. The size of the market is forecast to increase by USD 2,269.92 million. The growth of the market depends on several factors, including increasing demand for lightweight vehicles, increasing urbanization and industrialization in Turkey, and rising demand for power infrastructure.
This report extensively covers market segmentation by product (extrusion products, rolled products, wires, and others) and end-user (automotive and transportation, building and construction, packaging, machinery and equipment, and others). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The rising demand for power infrastructure in Turkey is notably driving the market growth, although factors such as the increasing use of high-performance steel in automotive body panels are adversely affecting the market growth. Our researchers analyzed the data with 2022 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 power infrastructure is the critical factor driving the growth of the aluminum manufacturing market in Turkey. Rising demand for electric vehicles and ongoing research and development will increase the demand for electricity, which in turn will drive the expansion of the Turkish aluminum manufacturing market. Moreover, increasing demand for renewable energy presents potential growth opportunities for the Turkey aluminum manufacturing market.
While traditional power generation and distribution infrastructure cannot meet current power demand, utility companies and government agencies are expected to upgrade their transmission and distribution equipment. These renovations and refurbishments will increase the need for energy infrastructure, resulting in a significant increase in demand for aluminum products, which play an important role in power transmission and distribution. Therefore, Turkey's aluminum manufacturing market is expected to grow rapidly throughout the forecast period.
The significance of secondary aluminum is growing, which is a primary factor influencing the growth of Turkey's Aluminum Manufacturing Market. Aluminum can be recycled quite easily. Aluminum that has been recycled from end-of-life items is referred to as secondary aluminum. The extraction of old aluminum from various waste products and subsequent recycling are the first steps in the secondary manufacture of aluminum. To increase the quality and value of the scrap, techniques, including color sorting and laser-induced breakdown spectroscopy (LIBS), are used to separate aluminum from other metals and alloys and eliminate impurities.
Aluminum scrap is a valuable commodity because secondary aluminum manufacture uses 92% less energy than primary aluminum production. Therefore, the availability of secondary aluminum and its low cost is anticipated to help Turkey's aluminum manufacturing business grow in the coming years. Secondary aluminum is used to make aluminum castings.
Increased use of high-performance steels in automotive body panels is a major challenge for market growth. Expanding usage of refined steel for body panels is one of the major challenges facing the Turkish aluminum manufacturing market. For example, major automaker Audi replaced the aluminum body in its A8 model with a steel body. Certain grades of steel have a higher strength-to-weight ratio than aluminum. Aluminum has a higher stiffness-to-weight ratio than PHS steel, protecting riders and passengers in the event of an accident. Advanced High-Strength Steels (AHSS) are increasingly being used in automobiles, which slows down aluminum processing demand and is likely to be a major impediment to the growth of the Turkish aluminum processing market during the forecast period.
The 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 growth strategies.
Global Aluminum Manufacturing Market in Turkey Customer Landscape
Vendors 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 is specialized in the production of cold rolled aluminum products such as coils, strips, and sheets in the range of different alloys, surface patterns, and dimensions based upon the market requirements.
Bor Aluminyum The company offers aluminum alloys that are cast in billets to make automotive and aerospace parts and also for other applications related to packaging, construction, electrical, and electronics.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors 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 vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the extrusion products segment will be significant during the forecast period. Aluminum extrusion manufacturers can produce aluminum rolled products in their own integrated factories. These commodities are used to improve the adaptability of modern operations of various scales.
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The extrusion products segment was valued at USD 2,319.76 million in 2017 and continued to grow by 2021. Aluminum products from extrusion plants are bright rolled without additional surface treatments such as external and additional chemical and mechanical surface treatments. Rolled aluminum extrusions typically have a rough surface and lack a bright luster. Generally, these products are contaminated with mill oil and have oxidation spots. Extruded aluminum products are, therefore, primarily used in applications where the aesthetic appeal of the product is not essential. In the automotive and transportation sector, increasing aluminum content in internal combustion engines and electric vehicles (EVs) is likely to spur market growth during the forecast period. Automakers are under pressure to meet regulatory requirements related to the environmental impact of vehicles.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
The reports categorize the global aluminum manufacturing market in turkey as a part of the diversified metals & mining market within the global materials market. The parent global diversified metals and mining market covers companies engaged in the production or extraction of metals and minerals such as non-ferrous metals (except bauxite), salt and borate, phosphate rock, and diversified metal mining operations. Non-ferrous metals mainly include lead, nickel, tin, titanium, zinc, cobalt, mercury, tungsten, beryllium, bismuth, cerium, cadmium, niobium, indium, gallium, germanium, lithium, selenium, tantalum, tellurium, vanadium, and zirconium. It also includes various alloys of non-ferrous metals. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
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Aluminum Manufacturing Market Scope in Turkey |
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Report Coverage |
Details |
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Page number |
132 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.9% |
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Market growth 2023-2027 |
USD 2,269.92 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
5.52 |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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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 Aluminum industry and trade Inc., 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, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our 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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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 Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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