Asia Pacific Aluminum Extrusion Market Size & Outlook
Asia Pacific aluminum extrusion market, 2018-2030 (US$M)
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Asia Pacific aluminum extrusion market highlights
- The Asia Pacific aluminum extrusion market generated a revenue of USD 66,013.1 million in 2022.
- The market is expected to grow at a CAGR of 6.3% from 2023 to 2030.
- In terms of segment, shapes was the largest revenue generating product in 2022.
- Pipes & Tubes is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 66,013.1 million |
| Market revenue in 2030 | USD 107,783.1 million |
| Growth rate | 6.3% (CAGR from 2022 to 2030) |
| Largest segment | Shapes |
| Fastest growing segment | Pipes & Tubes |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Shapes, Rods & Bars, Pipes & Tubes |
| Key market players worldwide | Arconic, Constellium SE Class A, Hindalco Industries Ltd GDR, Kaiser Aluminum Corp, Norsk Hydro ASA, Alexander & Baldwin Inc |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 70.1% of the global aluminum extrusion market in 2022.
- 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 107,783.1 million by 2030.
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Aluminum Extrusion Market Scope
Aluminum Extrusion Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific aluminum extrusion 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 extrusion market will help companies and investors design strategic landscapes.
Shapes was the largest segment with a revenue share of 79.28% in 2022. Horizon Databook has segmented the Asia Pacific aluminum extrusion market based on shapes, rods & bars, pipes & tubes covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific held largest share of the market in 2020 and is anticipated to continue its dominance over the forecast period. The growth in the region is attributed to developing economies such as China, India, and South Korea, who are witnessing increasing spending in manufacturing segment along with other end use industries.
The region leads both in terms of production and consumption of aluminum extrusion. China, Australia, and Vietnam lead in terms of bauxite reserves of the world. Together they accounted for a share of more than 35% in 2020. Presence of raw material manufacturing aids to the production of aluminum extrusion in the country.
Similar to other countries, Asia Pacific was majorly impacted with the COVID-19 pandemic. However, the countries reported quick recovery, especially China. The rapid growth in the construction & infrastructural projects in the region are expected to spur the demand for aluminum extrusion in coming years.
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Target buyers of Asia Pacific aluminum extrusion market databook
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Our clientele includes a mix of aluminum extrusion 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 extrusion market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific aluminum extrusion market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific aluminum extrusion market size, by country, 2018-2030 (US$M)
Asia Pacific Aluminum Extrusion Market Outlook Share, 2022 & 2030 (US$M)
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