Industry Overview - Aluminum extrusion is a significant processing method that applies strong pressure to aluminum billets, resulting in the desired cross-sectional shapes and mechanical properties [1][5] - The aluminum extrusion industry is crucial for various sectors, including automotive, photovoltaic, transportation, and construction, with increasing importance in the national economy [5][9] - China's aluminum extrusion output is expected to remain above 21 million tons from 2020 to 2024, with a projected output of 23.3 million tons in 2024, a decrease of 100,000 tons from 2023 due to reduced demand from the real estate market [5][9] Market Segmentation - In 2024, industrial aluminum profiles and building aluminum profiles will account for 54.3% and 45.7% of the market, respectively [9] - The construction sector remains the largest application area for aluminum profiles, with a projected output of 9.85 million tons in 2024, down 19.9% year-on-year [9][19] - Emerging sectors such as photovoltaics, rail transportation, and new energy vehicles are driving strong demand for aluminum profiles, with photovoltaic profiles accounting for 18.3% and new energy vehicle profiles for 6.5% of the total output [9][23] Industry Chain - The aluminum extrusion industry chain consists of upstream (bauxite - alumina - electrolytic aluminum), midstream (aluminum extrusion production), and downstream (application fields such as construction, automotive, photovoltaics, and electronics) [13] - China's bauxite production is projected to be around 64.2 million tons in 2024, a decline of 2% year-on-year, while imports are expected to reach 158.77 million tons, a historical high [15] Downstream Applications - The real estate sector is a major application area for aluminum profiles, but it is currently facing a downturn, with significant declines in investment and construction metrics [19] - The new energy vehicle sector has seen a substantial increase in aluminum usage, with the average aluminum content per vehicle rising to 200-300 kg, and some high-end models exceeding 500 kg [21] - In the photovoltaic sector, aluminum profiles are primarily used for solar module frames, with rapid growth in demand driven by the expansion of solar power installations [23] Industry Trends - The aluminum processing industry is expected to expand its product variety and application areas, with increasing demand for high-end aluminum materials and aluminum-based new materials in emerging fields [25] - Future developments will focus on high-performance, lightweight, and multifunctional aluminum extrusion materials, with a shift towards intelligent and automated production processes [25]

Core Viewpoint - The industrial aluminum profile market in China is experiencing significant growth driven by the increasing demand for lightweight vehicles and the expansion of the new energy vehicle sector, alongside robust demand from the photovoltaic industry [1][9]. Market Overview - Industrial aluminum profiles are primarily alloy materials made from aluminum, produced through processes like melting and extrusion, resulting in various shapes for different applications [2]. - The market is witnessing a production capacity expansion among Chinese manufacturers to meet the rising demand, with a projected production volume of 11.705 million tons in 2024, marking a year-on-year increase of 23.21% [1][9]. Market Policies - A series of supportive policies have been introduced to encourage technological innovation and green manufacturing in the industrial aluminum profile sector, including guidelines for recycling and promoting green finance [4][6]. Industry Chain - The upstream of the industrial aluminum profile industry includes bauxite, recycled aluminum, and production equipment, while the downstream encompasses applications in photovoltaic, new energy vehicles, and construction [7]. Competitive Landscape - The industrial aluminum profile market is highly competitive, with numerous players entering the field. The top twenty companies include prominent names such as Conglin Aluminum Technology and Dingmei New Materials [11][13]. - Conglin Aluminum Technology specializes in high-end industrial aluminum profiles and lightweight equipment, serving major clients like China CRRC and Maersk [14]. - Dingmei New Materials focuses on high-performance aluminum and magnesium alloys, achieving a revenue of 1.491 billion yuan in 2024, with 44.01% from industrial aluminum materials [16]. Development Trends - The industry is expected to adopt smart production lines and technologies such as IoT and AI to enhance efficiency and reduce costs. The use of recycled aluminum is anticipated to increase, promoting resource circularity [18].