Aluminum Manufacturing Market Analysis Turkey - Size and Forecast 2024-2028

Turkey Aluminum Manufacturing Market Size 2024-2028

The Turkey aluminum manufacturing market is estimated to grow by USD 2.80 billion at a CAGR of 6.78% between 2023 and 2028. In Turkey, the automotive industry is experiencing a significant surge due to the increasing demand for lightweight vehicles. This trend is driven by several factors, including the rising awareness of fuel efficiency and environmental concerns. Moreover, urbanization and industrialization are on the rise in Turkey, leading to an increased need for power infrastructure. The government's focus on developing smart cities and promoting sustainable transportation solutions further strengthens the market's growth. The automotive sector is responding to these demands by introducing innovative technologies, such as electric and hybrid vehicles, and lightweight materials. This shift towards sustainable and efficient transportation is expected to continue, making Turkey an exciting market for automotive and power infrastructure investments.

What will be the Size of the Market During the Forecast Period?

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Market Dynamics and Customer Landscape

The market is a dynamic sector at the intersection of various industries, including renewable energy, electrical, and food packaging. Turkey's abundant reserves of aluminum in the Earth’s crust support a robust manufacturing base for a wide range of applications. The industry leverages advanced technologies like 3D printing for producing intricate parts and wind turbines, enhancing efficiency in renewable energy generation. Aluminum-ion battery research promises breakthroughs in battery technology for mobile and electric devices, aiming to reduce greenhouse gas emissions. Recycled aluminum products play a crucial role in sustainability efforts, reducing carbon emissions in the production process. The sector's diversity spans from flat rolled products to forged components and pigments, meeting the demands of the automotive sector with durable aluminum alloys for tractor-trailers. The publisher collaborated on strategic tie-ups to enhance market research reports, aiming to maximize profit through competitive pricing, promotions, and effective competition analysis. Our 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.

Key Market Driver

Increasing demand for power infrastructure is the critical factor driving the growth of the market. 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. 

Significant Market Trend 

The significance of secondary aluminum is growing, which is a primary trend influencing the growth of the 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.

Major Market Challenge 

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.

Furthermore, 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.

Key Market Customer Landscape

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 Market Customer Landscape

Who are the Major Market Companies?

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 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 companies, including:

• 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.
• 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

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.

Market Segmentation

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 2.42 billion in 2018. 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.

Segment Overview

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.

• Product Outlook 
  • Extrusion products
  • Rolled products
  • Wires
  • Others
• End-user Outlook 
  • Automotive and transportation
  • Building and construction
  • Packaging
  • Machinery and equipment
  • Others

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Market Analyst Overview

The market is thriving, propelled by robust growth in solar energy and the renewable energy industry. Turkey's emphasis on sustainable development has bolstered demand for aluminium products like solar panels and aluminium-ion batteries, supported by advancements in 3D printing industry and recycled products. The country's manufacturing sector excels in producing beverage cans, equipment, Metal sheet, and machinery using aluminium alloys—both cast and wrought. In addition to serving the electrical industry with components like engine blocks and transmission cases, Turkish manufacturers supply consumer durables and consumer goods such as foil and packaging. Amid concerns over greenhouse gas(GHG) and carbon emissions, Turkey remains pivotal in the global aluminium market, excelling in forgings, rod, and bar production for various industrial applications.

In the realm of metal manufacturing, Turkey plays a significant role, particularly in producing aluminium-ion battery and a diverse array of cast products including metal sheets and wrought alloy. Its expertise extends to crafting cast alloy renowned for their strength and versatility. Turkey's aluminium industry supports critical sectors such as the food and packaging industry, aiming to reduce Greenhouse gas (GHG) and carbon emission through innovative practices. The country also excels in manufacturing pigments and powder, essential for various applications in electrical engineering and chemical processing equipment. Additionally, Turkish manufacturers provide essential food and beverage packaging, storage tanks, and structural components vital for modern infrastructure.

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What are the Key Data Covered in this Market Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting of the market between 2024 and 2028
• Precise estimation of the size of the market size and its contribution to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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