Asia Pacific Aluminum Alloys Market Size & Outlook
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Asia Pacific aluminum alloys market highlights
- The Asia Pacific aluminum alloys market generated a revenue of USD 155,737.9 million in 2023.
- The market is expected to grow at a CAGR of 6.4% from 2024 to 2030.
- In terms of segment, construction was the largest revenue generating application in 2023.
- Automotive & Transportation is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 155,737.9 million |
| Market revenue in 2030 | USD 228,629.4 million |
| Growth rate | 6.4% (CAGR from 2024 to 2030) |
| Largest segment | Construction |
| Fastest growing segment | Automotive & Transportation |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Automotive & Transportation, Construction, Packaging, Electrical, Consumer Durables, Machinery & Equipment |
| Key market players worldwide | Alcoa Corp, Aluminium Bahrain, Aluminum Corp of China Ltd Class H, Hindalco Industries Ltd GDR, Norsk Hydro ASA, Novelis, Press Metal Industries, RUSAL, UACJ |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 66.6% of the global aluminum alloys market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 228,629.4 million by 2030.
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Aluminum Alloys Market Scope
Aluminum Alloys Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Press Metal Industries | View profile | 101-250 | Nasik, Maharashtra, India, Asia | https://pmiglobal.co.in |
| Aluminium Bahrain | View profile | 1001-5000 | Isa, Madinat, Bahrain, Asia | http://www.albasmelter.com |
| UACJ | View profile | 10001+ | Otemachi, Tokyo, Japan, Asia | https://www.uacj.co.jp/ |
| RUSAL | View profile | 10001+ | Moscow, Moscow City, Russian Federation, Europe | http://www.rusal.ru |
| Hindalco Industries Ltd GDR | View profile | 63258 | Pandurang Budhkar Road, Birla Centurion, 6th & 7th Floor, Worli, Mumbai, MH, India, 400030 | https://www.hindalco.com |
| Aluminum Corp of China Ltd Class H | View profile | 64504 | No. 62 North Xizhimen Street, Haidian District, Beijing, China, People's Republic of, 100082 | https://www.chalco.com.cn |
| Alcoa Corp | View profile | 13600 | 201 Isabella Street, Suite 500, Pittsburgh, PA, United States, 15212-5858 | https://www.alcoa.com |
| Novelis | View profile | 10001+ | Atlanta, Georgia, United States, North America | http://novelis.com |
| Norsk Hydro ASA | View profile | 32724 | Drammensveien 264, Oslo, Norway, NO-0283 | https://www.hydro.com |
Asia Pacific aluminum alloys market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to aluminum alloys market will help companies and investors design strategic landscapes.
Construction was the largest segment with a revenue share of 29.65% in 2023. Horizon Databook has segmented the Asia Pacific aluminum alloys market based on automotive & transportation, construction, packaging, electrical, consumer durables, machinery & equipment covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of Asia Pacific aluminum alloys market databook
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Our clientele includes a mix of aluminum alloys market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific aluminum alloys market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific aluminum alloys market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific aluminum alloys market size, by country, 2018-2030 (US$M)
Asia Pacific Aluminum Alloys Market Outlook Share, 2023 & 2030 (US$M)
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