According to the latest report by IMARC Group, titled “Asia Pacific Aluminum Extrusion Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the Asia Pacific aluminum extrusion market size reached US$ 23.3 Billion in 2022. Aluminum extrusion involves shaping aluminum alloy bars into different shapes using an elongated cross-sectional die. In this process, a heated aluminum billet is pushed through a die, which determines the final form of the extruded product. The die can be designed to create a wide range of shapes, including tubes, angles, channels, and more. Aluminum extrusion is versatile and cost-effective. It helps create complex shapes with minimal waste, as the excess aluminum can be recycled. The resulting products are lightweight, durable, and resistant to corrosion. As a result, it is widely used across various industries, including construction, automotive, aerospace, and consumer goods.
Asia Pacific Aluminum Extrusion Market Trends:
The rising adoption of aluminum extrusion across the construction industry in various architectural applications, such as window frames, roofing, skylights, doors, and curtain walls, is primarily driving the market growth in the Asia Pacific region. Besides this, the product exhibits excellent strength and is lightweight, durable, and environment-friendly, which, in turn, has fueled its adoption across various industrial verticals, thus favoring the market growth. Concurrent with this, rapid urbanization, the expanding population, and the introduction of various government initiatives to improve existing infrastructure and construct green buildings are creating a positive outlook for the market. Moreover, the largescale product employment across the automotive and aerospace industries in manufacturing structural components, such as body panels, engine parts, and interiors, is presenting remunerative growth opportunities for the market. In addition to this, the increasing demand for fuel-efficient vehicles, stringent regulations for vehicle safety and emission control, and the surging popularity of electric vehicles (EVs) in the region are contributing to the market growth. Furthermore, ongoing product innovations and the growing demand for automation in manufacturing processes to reduce costs, improve efficiency, and reduce time-to-market are propelling the market growth. Looking forward, the market value is projected to reach US$ 36.1 Billion by 2028, expanding at a CAGR of 7.56% during 2023-2028.
- On the basis of the product type, the market has been divided into mill finished, anodized, and powder coated.
- Based on the alloy type, the market is categorized into 1000, 2000, 3000, 5000, 6000, and 7000 series aluminum alloys.
- On the basis of the end use industry, the market has been segregated into building and construction, transportation, machinery and equipment, consumer durables, electrical, and others.
- On the basis of the country, the market has been segmented into China, Japan, India, South Korea, Australia, Indonesia, and others.
- The competitive landscape of the industry has also been examined, covering the competitive structure and key player profiles.
|Base Year of the Analysis
||Product Type, Alloy Type, End Use Industry, Country
||China, Japan, India, South Korea, Australia, Indonesia, Others
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