Asia Pacific Aluminum Extrusion Market To Reach US$ 36.1 Billion by 2028 | Growth Rate (CAGR) of 7.56%

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. Looking forward, IMARC Group expects the market to reach US$ 36.1 Billion by 2028, exhibiting a growth rate (CAGR) of 7.56% during 2023-2028. Aluminum extrusion refers to the process of transforming aluminum alloy bars into various shapes by using an elongated cross-sectional die. It has high electrical and thermal conductivity, ductility, recyclability, etc., and is cost-efficient. The extruded parts also have a fine and smooth surface finish and can be buffed, polished, anodized, painted, or powder-coated to enhance the aesthetic value and appeal of the product. They also exhibit paramagnetic properties and require low maintenance. Consequently, aluminum extrusion finds extensive applications in various industries, including construction, transportation, consumer electronics, etc., across the Asia Pacific.

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Market Growth:

The launch of several favorable policies by government bodies to improve the existing infrastructures and increase the construction of green buildings is primarily driving the Asia Pacific aluminum extrusion market. Additionally, the expanding automotive sector and the widespread adoption of extruded aluminum in the manufacturing of windows and doors are further catalyzing the market growth. Besides this, the growing utilization of aluminum extrusion in the fabrication of numerous aluminum-made parts in automobiles is acting as another significant growth-inducing factor. Moreover, aluminum extrudes can be molded into different shapes without using excessive energy, owing to their high malleability, which is positively influencing the regional market. Apart from this, they are stable, light in weight, highly malleable in nature, offer excellent ductility, and can be recycled multiple times without losing their integrity, thereby stimulating the market growth. Furthermore, the inflating need for eco-friendly construction materials with improved structural strength is anticipated to fuel the Asia Pacific aluminum extrusion market over the forecasted period.

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Key Market Segmentation:

Breakup by Product Type:

• Mill Finished
• Anodized
• Powder Coated

Breakup by Alloy Type:

• 1000 Series Aluminum Alloy
• 2000 Series Aluminum Alloy
• 3000 Series Aluminum Alloy
• 5000 Series Aluminum Alloy
• 6000 Series Aluminum Alloy
• 7000 Series Aluminum Alloy

Breakup by End Use Industry:

• Building and Construction
• Transportation
• Machinery and Equipment
• Consumer Durables
• Electrical
• Others

Breakup by Country:

• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key Highlights of the Report:

• Market Performance
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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