The Asia Pacific aluminum extrusion market size reached US$ 25.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 45.3 Billion by 2032, exhibiting a growth rate (CAGR) of 6.6% during 2024-2032.
Report Attribute
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Key Statistics
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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US$ 25.0 Billion |
Market Forecast in 2032
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US$ 45.3 Billion |
Market Growth Rate 2024-2032 | 6.6% |
Aluminum extrusion refers to the process of transforming aluminum alloy bars into different shapes using an elongated cross-sectional die. Extruded aluminum is cost-efficient and offers better conductivity, ductility and recyclability. As a result, it finds extensive applications in numerous industries of the Asia Pacific region, including construction, electrical, automotive and transportation.
Due to rapid urbanization and the growing global population, governments of several countries are undertaking initiatives to improve the existing infrastructure and increase the construction of green buildings. This is escalating the demand for aluminum extrusion in the Asia Pacific region. Apart from this, leading manufacturers are introducing unique product variants by incorporating technological advancements. This, in confluence with the boosting sales of vehicles, is propelling the growth of the market. However, the ongoing coronavirus disease (COVID-19) pandemic, lockdowns imposed in different parts of the region and hindrances in the international trade have resulted in the temporary closure of various manufacturing units, which has adversely influenced the market growth. The market is anticipated to experience growth once lockdown restrictions are relaxed.
IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific aluminum extrusion market report, along with forecasts at the regional and country level from 2024-2032. Our report has categorized the market based on product type, alloy type and end use industry.
Breakup by Product Type:
Breakup by Alloy Type:
Breakup by End Use Industry:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
Report Features | Details |
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Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | US$ Billion |
Segment Coverage | Product Type, Alloy Type, End Use Industry, Country |
Countries Covered | China, Japan, India, South Korea, Australia, Indonesia, Others |
Customization Scope | 10% Free Customization |
Report Price and Purchase Option | Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699 |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The Asia Pacific aluminum extrusion market was valued at US$ 25.0 Billion in 2023.
We expect the Asia Pacific aluminum extrusion market to exhibit a CAGR of 6.6% during 2024-2032.
The rising demand for aluminum extrusion across various industries, including construction, transportation, automotive, etc., as it is lightweight and offers high electrical and thermal conductivity, is primarily driving the Asia Pacific aluminum extrusion market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several Asia Pacific nations, resulting in the temporary closure of numerous end-use industries for aluminum extrusion.
Based on the end use industry, the Asia Pacific aluminum extrusion market can be categorized into building and construction, transportation, machinery and equipment, consumer durables, electrical, and others. Currently, building and construction accounts for the largest market share.
On a regional level, the market has been classified into China, Japan, India, South Korea, Australia, Indonesia, and others, where China currently dominates the Asia Pacific aluminum extrusion market.