Building & Construction Industry to Drive the Asia-Pacific Aluminum Extrusion Market

The Asia-Pacific aluminum extrusion market is anticipated to grow significantly at a CAGR of 4.5% over the forecast period (2021-2027). China, India, Japan, ASEAN, South Korea, and the Rest of Asia-Pacific are the key economies contributing to the growth of the Asia-Pacific aluminum extrusion market over the forecast period. The key aspect that drives the market growth is the extensive growth in the building and construction industry in the region. China is the major contributor to the high growth of the aluminum extrusion market in the Asia-Pacific region over the forecast period.

Browse the full report description Asia-Pacific Aluminum Extrusion Market Size, Share & Trends Analysis Report by Product (Shapes, Rods & Bars, Pipes & Tubes), by Application (Building & Construction, Automotive & Transportation, Consumer Goods, Machinery and equipment, Others) Forecast Period (2021-2027) at https://www.omrglobal.com/industry-reports/asia-pacific-aluminum-extrusion-market

Further, a significant rise in smart city projects is further strengthening the growth of the market in the region. As per the German Asia-Pacific Business Association, the Chinese government is pushing the development of smart cities counting nearly 500 pilot projects in March 2019. Smart cities have buildings with many floors, which contribute to the demand for various building and construction materials including pipes and fittings, coatings and sheets, and many more which are likely to drive the growth of the market over the forecast period. Furthermore, India and Japan markets are also likely to witness substantial growth in the given forecast period.

Market Coverage

• Market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered- By Product and By Application
• Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
• Competitive Landscape-  Dongguan Aoda Aluminum Co., Ltd., Foshan Fine Metal Products Co., Ltd, Guangdong Xingqiu Aluminum Co., Ltd., Shanghai Reliance Aluminum Co Ltd, XinYueYa Aluminum  

Key questions addressed by the report

• What is the market growth rate?
• Which segment/region dominates the market in base year?
• Which segment/region will project fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from pre-COVID-19 forecast

o Most affected region/segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Asia-Pacific Aluminum Extrusion Market – Segmentation

Aluminum Extrusion by Product 

• Shapes
• Rods & Bars
• Pipes & Tubes

Aluminum Extrusion by Application 

• Building & Construction
• Automotive & Transportation
• Consumer Goods
• Machinery and equipment
• Others

Asia-Pacific Aluminum Extrusion Market – Countries Covered 

• Asia-Pacific           
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific