SMM believes that benefiting from domestic infrastructure investment and the rapid development of automobiles, rail transit, consumer electronics and other fields, the production of industrial aluminum profiles in my country has maintained a rapid growth rate, and the output has increased year by year. It is estimated that after 2024, the output of industrial aluminum profiles will exceed 10 million tons.
Consumption: At present, the demand for aluminum profiles in the industrial field is relatively small, but in recent years, the demand for industrial aluminum profiles has accelerated significantly, especially in the fields of photovoltaics and automobiles, which will be conducive to stimulating the development of the aluminum profile industry in the future.
Classification of China’s aluminum profile market
According to product use classification, aluminum profiles can be divided into construction and industrial profiles. Industrial aluminum profiles are mainly used in the fields of automobiles, photovoltaics, rail transit, durable goods, machinery and equipment, among which photovoltaic profiles account for the highest proportion, about 19%.
In 2021, the output of industrial aluminum profiles will account for 39% of the overall output of profiles, which is lower than the level of about 60% in developed countries. With the transformation of industry to high-end manufacturing during the “14th Five-Year Plan” period, the development of industrial aluminum profiles will usher in an opportunity.
Due to high technical requirements, automotive aluminum profiles account for a limited share in industrial aluminum profiles, only 9%. In the future, with the development of automobile lightweight, the penetration rate of aluminum profiles in the automotive industry will gradually increase, and its proportion in industrial aluminum profiles will also gradually increase.
In addition, among the industrial aluminum profiles produced in 2021, the output of photovoltaic profiles will account for a large proportion. In 2021, my country will produce a total of 1.535 million tons of photovoltaic profiles, accounting for 19% of the total output of industrial aluminum profiles, and the output has increased by 32% compared with 2020. This is due to my country’s carbon neutral strategy and the rapid development of the photovoltaic industry.
China’s industrial aluminum profile market supply from 2021 to 2025
Benefiting from domestic infrastructure investment and the rapid development of automobiles, rail transit, consumer electronics and other fields, the production of industrial aluminum profiles in my country has maintained a rapid growth rate, and the output has increased year by year.
On the whole, from 2021 to 2025, the growth rate of industrial aluminum profile production will exceed the industry average growth rate. It is estimated that after 2024, the output of industrial aluminum profile will exceed 10 million tons.
With the development of the economy, the increase of per capita disposable income and the development of industries such as automobiles and durable consumer goods have brought broad development space for industrial aluminum profiles.
Market demand for industrial aluminum profiles in China from 2021 to 2025
With the development of the automobile and photovoltaic industries, as well as the rail transportation industry, the consumption scale of industrial aluminum profiles has also maintained a relatively rapid growth. However, as far as the current situation is concerned, the proportion of industrial aluminum profile consumption in my country’s aluminum profile consumption is still relatively low compared with developed countries, and the consumption space of China’s industrial aluminum profile has a greater possibility of improvement.
In terms of consumption of industrial aluminum profiles: With the expansion of the application scope of the aluminum profile industry and the development of the rail transportation industry, the consumption scale of industrial aluminum profiles has also maintained a rapid growth. From the perspective of changes in the consumption of industrial aluminum profiles, from 2021 to 2025, the scale of China’s photovoltaic aluminum profile consumption will continue to expand, rising rapidly from 1.23 million tons in 2021 to 3.25 million tons in 2025. The carbon peak, the carbon neutral policy has directly promoted the rapid development of the photovoltaic industry.
Although the demand for aluminum profiles in the industrial field is relatively small at present, the demand for industrial aluminum profiles has accelerated significantly in recent years, especially in the fields of photovoltaics and automobiles, which will be conducive to stimulating the development of the aluminum profile industry in the future.