Aluminum Extruded Products Market Share

APAC Market Statistics

The Asia Pacific aluminum extruded products market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037. The growth of the market can be attributed majorly to the flourishing housing and construction sector. Developing economies, such as India and China are spending huge budgets on infrastructural development. It is estimated that in 2020, the construction industry in China estimated to be valued at USD 1050 billion. Moreover, many of the largest solar power plants are located in China and India. The global aluminum extruded products market is also projected to grow over the forecast period, on the back of the growing number of solar panels. The increasing fuel costs and extinction of fossil fuels are estimated to increase the use of solar power plants. The use of solar power plants for heat production, electricity, and power generation is increasing the market growth in the region.

North American Market Forecast

The global aluminum extruded products market is estimated to witness significant growth over the forecast period in the North American region on the back of flexible government guidelines in the region and on account of remarkable practices followed by governments for facilitating trade amongst businesses. Furthermore, the Aluminum Extruders Council is a trade association that is dedicated to advancing the effective use of aluminum extrusion in the North American region.