SINGAPORE / SHANGHAI – April 27, 2026 – The global market for aluminum extrusions in photovoltaic (PV) applications is poised for steady expansion, with the solar aluminum frame segment alone projected to reach $9.0–9.5 billion in 2026, growing at a CAGR of 7–9% through 2032, according to latest industry data. Aluminum framing systems for PV mounting structures are also expected to grow from $7.23 billion in 2025 to $8.92 billion by 2032, representing a CAGR of 3.1%.
Aluminum frames currently command a dominant >95% share of the PV module framing market, far outpacing alternative materials such as stainless steel and glass-fiber reinforced polymers. The material accounts for nearly 10% of non-cell bill-of-materials costs, making it the second-most significant cost component after solar cells.Global Solar Boom Fuels Aluminum Demand
Global renewable energy capacity reached 4,448 GW by the end of 2024, with solar leading at 1,865 GW. New PV installations in 2024 hit a record 451.9 GW, with China contributing 278.0 GW, followed by the United States (38.3 GW), India (24.5 GW), Brazil (15.2 GW), and Germany (15.1 GW).
This rapid solar expansion continues to drive aluminum extrusion demand across two primary product segments:
Market Challenges: Tariffs, Carbon Costs, and Price Pressure
The industry faces multiple headwinds:
Despite these challenges, the market outlook remains positive, driven by continued global solar capacity additions and aluminum’s unrivalled combination of light weight, corrosion resistance, and recyclability in PV applications.
Contact Info:
Diona
E-mail:[email protected]
WhatsApp: 18029386403
Media ContactCompany Name: Sihui Aoli Aluminum Industry Co., Ltd.Email: Send EmailCountry: ChinaWebsite: https://www.cnaoli.com/