Latin America Aluminum Extrusion Market Size & Outlook
Latin America aluminum extrusion market, 2018-2030 (US$M)
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Latin America aluminum extrusion market highlights
- The Latin America aluminum extrusion market generated a revenue of USD 1,738.0 million in 2022.
- The market is expected to grow at a CAGR of 2.6% 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, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 1,738.0 million |
| Market revenue in 2030 | USD 2,137.3 million |
| Growth rate | 2.6% (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, Latin America region accounted for 1.8% 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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Latin America 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 79.29% in 2022. Horizon Databook has segmented the Latin America aluminum extrusion market based on shapes, rods & bars, pipes & tubes covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America is an important region for aluminum extrusion industry owing to the presence of emerging economies such as Brazil, Argentina, and Chile. Chile is the largest electric vehicles market in the region. In November 2018, Chile imported 100 electric buses from China in order to promote the use of electric vehicles.
Growing demand for EVs in the country is expected to invite EV players and propel the growth for aftermarket players, thus, leading toward demand for aluminum extrusion across the forecast period.
Foreign Direct Investments is also likely to benefit the market growth in the region. For instance, investments by China-based automotive manufacturer, BYD Auto Industry Co., Ltd., and Japanese automotive player, Toyota, to set up a manufacturing facility in Latin America is expected to boost the automotive production.
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Our clientele includes a mix of aluminum extrusion market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America aluminum extrusion market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America aluminum extrusion market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America aluminum extrusion market size, by country, 2018-2030 (US$M)
Latin America Aluminum Extrusion Market Outlook Share, 2022 & 2030 (US$M)
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