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Philippines Plastic Extrusion Molded Parts Market by Application (Housing Building Material, Automobile, and Infrastructure) - Opportunity Analysis and Industry Forecast, 2016-2023

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MA_174524
Pages: 150
Dec 2017 | 2337 Views
 
Author's : Priyanka Khuje
Tables: 128
Charts: 33
 

Philippines Plastic Extrusion Molded Parts Market Overview:

The Philippines Plastic Extrusion Molded Parts Market size was valued at $618.9 million in 2016 to reach $788.2 million by 2023, and is anticipated to grow at a CAGR of 3.5% from 2017 to 2023. Extrusion molding is more versatile when compared with other molding processes with simpler operation. It facilitates the production of large molding parts provided with shorter cycle time. This process enables the development of long parts with a constant cross-section at low costs, from pipe to weather-stripping. It is used to manufacture a range of plastic components such as drinking straws, pipes, curtain tracks, wall components, wall protection components, and automotive parts. Furthermore, it guarantees a smooth finish on the end product and complex shapes can be produced with varying thickness, texture, and colors.

Low cost of feedstock & energy prices and growth in demand for extrusion parts from the construction industry drive the market. However, volatile nature of crude oil prices may hamper the market growth during the forecast period. Moreover, significant growth of plastic industry in Philippines is expected to provide substantial growth opportunity to the industry players in the near future.

The Philippines plastic extrusion molded parts market is segmented based on its applications such as housing building material, automobile, and infrastructure. In addition, the report highlights different factors that impact the growth of the market, such as key drivers, restraints, growth opportunities, and the role of different key players. It presents the quantitative data in terms of both value and volume, which are gathered from the secondary sources such as company publications, Factiva, Hoovers, OneSource, and others. The data is validated after analysis by C-level executives and directors of the companies present in the market.

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Top Investment Pockets

Infrastructure is the most lucrative application segment in the market, followed by housing building materials. In infrastructure application, extrusion process is used to manufacture components such as siding, decking, drainage components, and retainers. Increase in investment in infrastructure projects and rise in expenditure for construction is expected to deliver substantial growth opportunity to Philippines plastic extrusion molded parts industry.

Top Impacting Factors

The report emphasizes on the top factors, which directly or indirectly impact the overall market growth. It includes the factors that positively influence the market growth and threats that can hinder or limit the market growth. The impacting factors, which are included in the report are low feedstock & energy prices, growth in demand from construction industry, volatility in crude oil prices, and high growth of plastic industry in Philippines.

The report also comprises of competitors and customers active in the Philippines plastic extrusion molded parts market. Competitors are the key players manufacturing the plastic extrusion molded parts, however, customer include the industries which are using these extruded parts in diverse applications.

The key competitors profiled in the report include Gemphil Electronics Assemblies, Inc., COFTA Moulding Corporation, Indoplas Philippines, KIMIKA Industrial Corporation, Engineered Profiles LLC, The Dow Chemical Company, Bemis Company, Inc., Quanex Building Products Corporation, Royal Group, Inc., Pexco LLC, Bestpak Manufacturing Enterprises, Inc., JM Eagle, Inc., and Royal Group, Inc.

The key customers profiled in the report include Duros Development Corp., Nation Manufacturing and Industrial Products Corporation, Ply Gem Holdings, Inc., Rehau Incorporated, Vision Group, DENSO Corporation, Foton Philippines, Isuzu Philippines Corporation, Mitsuwa Chemical Co., Ltd., Eaton Corporation plc, MHG Asia Pacific, Rehau Incorporated, and Roop Polymers Limited.

Key Market Benefits

  • This report provides an extensive analysis of the current and emerging market trends and dynamics of the Philippines plastic extrusion molded parts market.
  • In-depth analysis of all applications is conducted by constructing market estimations for key segments between 2016 and 2023, which assist to identify the prevailing opportunities.
  • The report assists to understand the strategies adopted by the companies for market expansion.
  • This study evaluates the competitive landscape to understand the competitive environment across various competitors and customers in the market.

Philippines Plastic Extrusion Molded Parts Market Key Segments:

By Application

  • Housing Building Material
  • Automobile
  • Infrastructure
 

Chapter: 1. INTRODUCTION

1.1. Report Description
1.2. Key Benefits
1.3. Key Market Segments
1.4. Research Methodology

1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tools & Models

Chapter: 2. EXECUTIVE SUMMARY

2.1 Market Snapshot
2.2 CXO Perspective

Chapter: 3. MARKET OVERVIEW

3.1. Introduction
3.2. Key Findings

3.2.1. Top Impacting Factors
3.2.2. Top Investment Pockets
3.2.3. Top Winning Strategies

3.3 Market Dynamics

3.3.1. Drivers
3.3.2. Restraints
3.3.3. Opportunities

3.4. Porters Five Forces Model
3.5. Manufacturing Process Analysis

Chapter: 4. PHILIPPINES PLASTIC EXTRUSION MOLDED PARTS MARKET, BY APPLICATION, 2016-2023

4.1. Introduction

4.1.1. Market Size and Forecast

4.2. Housing Building Material

4.2.1. Key Market Trends, Growth Factors and Opportunities
4.2.2. Market Size and Forecast

4.3. Automobile

4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Market Size and Forecast

4.4. Infrastructure

4.4.1. Key Market Trends, Growth Factors and Opportunities
4.4.2. Market Size and Forecast

Chapter: 5. COMPETITORS PROFILING

5.1. Introduction
5.2. Housing Building Materials

5.2.1. Major Philippines Players

5.2.1.1 Gemphil Electronics Assemblies, Inc.
5.2.1.2 COFTA Moulding Corporation
5.2.1.3 Indoplas Philippines
5.2.1.4 KIMIKA Industrial Corporation

5.2.2. Foreign Players other than Japanese Players

5.2.2.1 Engineered Profiles LLC
5.2.2.2 The Dow Chemical Company
5.2.2.3 Bemis Company, Inc.
5.2.2.4 Quanex Building Products Corporation
5.2.2.5 Royal Group, Inc.
5.2.2.6 Pexco LLC

5.3. Automobile

5.3.1. Major Philippines Players

5.3.1.1 Gemphil Electronics Assemblies, Inc.
5.3.1.2 Indoplas Philippines
5.3.1.3 KIMIKA Industrial Corporation

5.3.2. Foreign Players other than Japanese Players

5.3.2.1 Engineered Profiles LLC
5.3.2.2 The Dow Chemical Company
5.3.2.3 Pexco LLC

5.4. Infrastructure

5.4.1. Major Philippines Players

5.4.1.1 Bestpak Manufacturing Enterprises, Inc.
5.4.1.2 COFTA Moulding Corporation
5.4.1.3 Gemphil Electronics Assemblies, Inc.
5.4.1.4 KIMIKA Industrial Corporation

5.4.2. Foreign Players other than Japanese Players

5.4.2.1 JM Eagle, Inc.
5.4.2.2 Engineered Profiles LLC
5.4.2.3 The Dow Chemical Company
5.4.2.4 Quanex Building Products Corporation
5.4.2.5 Royal Group, Inc.

Chapter: 6. CUSTOMER PROFILING

6.1. Introduction
6.2. Housing Building Materials

6.2.1. Major Philippines Players

6.2.1.1 Duros Development Corp.
6.2.1.2 Nation Manufacturing and Industrial Products Corporation

6.2.2. Foreign Players other than Japanese Players

6.2.2.1 Ply Gem Holdings, Inc.
6.2.2.2 Rehau Incorporated
6.2.2.3 Vision Group

6.3 Automobile

6.3.1. Major Philippines Players

6.3.1.1 DENSO Corporation
6.3.1.2 Foton Philippines
6.3.1.3 Isuzu Philippines Corporation
6.3.1.4 Mitsuwa Chemical Co., Ltd.

6.3.2. Foreign Players other than Japanese Players

6.3.2.1 Eaton Corporation plc
6.3.2.2 MHG Asia Pacific
6.3.2.3 Rehau Incorporated
6.3.2.4 Roop Polymers Limited

6.4. Infrastructure

6.4.1. Major Philippines Players

6.4.1.1 Duros Development Corp.
6.4.1.2 Nation Manufacturing and Industrial Products Corporation

6.4.2. Foreign Players other than Japanese Players

6.4.2.1 Ply Gem Holdings, Inc.
6.4.2.2 Rehau Incorporated
6.4.2.3 Vision Group

List of Tables

TABLE 1. PHILIPPINES PLASTIC EXTRUSION MOLDED PARTS REVENUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 2. PHILIPPINES PLASTIC EXTRUSION MOLDED PARTS VOLUME, BY APPLICATION, 2016-2023 (KILOTON)
TABLE 3. PHILIPPINES HOUSING BUILDING MATERIAL PLASTIC EXTRUSION MOLDED PARTS REVENUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 4. PHILIPPINES HOUSING BUILDING MATERIAL PLASTIC EXTRUSION MOLDED PARTS VOLUME, BY APPLICATION, 2016-2023 (KILOTON)
TABLE 5. PHILIPPINES AUTOMOBILE PLASTIC EXTRUSION MOLDED PARTS REVENUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 6. PHILIPPINES AUTOMOBILE PLASTIC EXTRUSION MOLDED PARTS VOLUME, BY APPLICATION, 2016-2023 (KILOTON)
TABLE 7. PHILIPPINES INFRASTRUCTURE PLASTIC EXTRUSION MOLDED PARTS REVENUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 8. PHILIPPINES INFRASTRUCTURE PLASTIC EXTRUSION MOLDED PARTS VOLUME, BY APPLICATION, 2016-2023 (KILOTON)
TABLE 9. GEMPHIL ELECTRONICS ASSEMBLIES, INC. COMPANY SNAPSHOT
TABLE 10. GEMPHIL ELECTRONICS ASSEMBLIES, INC. OPERATING BUSINESS SEGMENTS
TABLE 11. GEMPHIL ELECTRONICS ASSEMBLIES, INC. PRODUCT PORTFOLIO
TABLE 12. COFTA MOULDINGS CORPORATION COMPANY SNAPSHOT
TABLE 13. COFTA MOULDINGS CORPORATION OPERATING BUSINESS SEGMENTS
TABLE 14. COFTA MOULDINGS CORPORATION PRODUCT PORTFOLIO
TABLE 15. INDOPLAS PHILIPPINES COMPANY SNAPSHOT
TABLE 16. INDOPLAS PHILIPPINES OPERATING BUSINESS SEGMENTS
TABLE 17. INDOPLAS PHILIPPINES PRODUCT PORTFOLIO
TABLE 18. KIMIKA INDUSTRIAL CORPORATION COMPANY SNAPSHOT
TABLE 19. KIMIKA INDUSTRIAL CORPORATION OPERATING BUSINESS SEGMENTS
TABLE 20. KIMIKA INDUSTRIAL CORPORATION PRODUCT PORTFOLIO
TABLE 21. NATION MANUFACTURING AND INDUSTRIAL PRODUCTS CORPORATION COMPANY SNAPSHOT
TABLE 22. NATION MANUFACTURING AND INDUSTRIAL PRODUCTS CORPORATION OPERATING BUSINESS SEGMENTS
TABLE 23. NATION MANUFACTURING AND INDUSTRIAL PRODUCTS CORPORATION PRODUCT PORTFOLIO
TABLE 24. ENGINEERED PROFILES LLC COMPANY SNAPSHOT
TABLE 25. ENGINEERED PROFILES LLC OPERATING BUSINESS SEGMENTS
TABLE 26. ENGINEERED PROFILES LLC KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 27. THE DOW CHEMICAL COMPANY COMPANY SNAPSHOT
TABLE 28. THE DOW CHEMICAL COMPANY OPERATING BUSINESS SEGMENTS
TABLE 29. THE DOW CHEMICAL COMPANY PRODUCT PORTFOLIO
TABLE 30. THE DOW CHEMICAL COMPANY KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 31. BEMIS COMPANY, INC SNAPSHOT
TABLE 32. BEMIS COMPANY, INC OPERATING BUSINESS SEGMENTS
TABLE 33. BEMIS COMPANY, INC PRODUCT PORTFOLIO
TABLE 34. BEMIS COMPANY, INC KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 35. QUANEX BUILDING PRODUCTS CORPORATION SNAPSHOT
TABLE 36. QUANEX BUILDING PRODUCTS CORPORATION OPERATING BUSINESS SEGMENTS
TABLE 37. ROYAL GROUP, INC. SNAPSHOT
TABLE 38. ROYAL GROUP, INC. OPERATING BUSINESS SEGMENTS
TABLE 39. ROYAL GROUP, INC. PRODUCT PORTFOLIO
TABLE 40. PEXCO LLC SNAPSHOT
TABLE 41. PEXCO LLC OPERATING BUSINESS SEGMENTS
TABLE 42. PEXCO LLC PRODUCT PORTFOLIO
TABLE 43. GEMPHIL ELECTRONICS ASSEMBLIES, INC. COMPANY SNAPSHOT
TABLE 44. GEMPHIL ELECTRONICS ASSEMBLIES, INC. OPERATING BUSINESS SEGMENTS
TABLE 45. GEMPHIL ELECTRONICS ASSEMBLIES, INC. PRODUCT PORTFOLIO
TABLE 46. INDOPLAS PHILIPPINES COMPANY SNAPSHOT
TABLE 47. INDOPLAS PHILIPPINES OPERATING BUSINESS SEGMENTS
TABLE 48. INDOPLAS PHILIPPINES PRODUCT PORTFOLIO
TABLE 49. KIMIKA INDUSTRIAL CORPORATION COMPANY SNAPSHOT
TABLE 50. KIMIKA INDUSTRIAL CORPORATION OPERATING BUSINESS SEGMENTS
TABLE 51. KIMIKA INDUSTRIAL CORPORATION PRODUCT PORTFOLIO
TABLE 52. ENGINEERED PROFILES LLC COMPANY SNAPSHOT
TABLE 53. ENGINEERED PROFILES LLC OPERATING BUSINESS SEGMENTS
TABLE 54. ENGINEERED PROFILES LLC KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 55. THE DOW CHEMICAL COMPANY COMPANY SNAPSHOT
TABLE 56. THE DOW CHEMICAL COMPANY OPERATING BUSINESS SEGMENTS
TABLE 57. THE DOW CHEMICAL COMPANY PRODUCT PORTFOLIO
TABLE 58. THE DOW CHEMICAL COMPANY KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 59. PEXCO LLC SNAPSHOT
TABLE 60. PEXCO LLC OPERATING BUSINESS SEGMENTS
TABLE 61. PEXCO LLC PRODUCT PORTFOLIO
TABLE 62. BESTPAK MANUFACTURING ENTERPRISES, INC. SNAPSHOT
TABLE 63. BESTPAK MANUFACTURING ENTERPRISES, INC. OPERATING BUSINESS SEGMENTS
TABLE 64. COFTA MOULDINGS CORPORATION COMPANY SNAPSHOT
TABLE 65. COFTA MOULDINGS CORPORATION OPERATING BUSINESS SEGMENTS
TABLE 66. COFTA MOULDINGS CORPORATION PRODUCT PORTFOLIO
TABLE 67. GEMPHIL ELECTRONICS ASSEMBLIES, INC. COMPANY SNAPSHOT
TABLE 68. GEMPHIL ELECTRONICS ASSEMBLIES, INC. OPERATING BUSINESS SEGMENTS
TABLE 69. GEMPHIL ELECTRONICS ASSEMBLIES, INC. PRODUCT PORTFOLIO
TABLE 70. KIMIKA INDUSTRIAL CORPORATION COMPANY SNAPSHOT
TABLE 71. KIMIKA INDUSTRIAL CORPORATION OPERATING BUSINESS SEGMENTS
TABLE 72. KIMIKA INDUSTRIAL CORPORATION PRODUCT PORTFOLIO
TABLE 73. NATION MANUFACTURING AND INDUSTRIAL PRODUCTS CORPORATION COMPANY SNAPSHOT
TABLE 74. NATION MANUFACTURING AND INDUSTRIAL PRODUCTS CORPORATION OPERATING BUSINESS SEGMENTS
TABLE 75. NATION MANUFACTURING AND INDUSTRIAL PRODUCTS CORPORATION PRODUCT PORTFOLIO
TABLE 76. JM EAGLE, INC. COMPANY SNAPSHOT
TABLE 77. JM EAGLE, INC. OPERATING BUSINESS SEGMENTS
TABLE 78. JM EAGLE, INC. PRODUCT PORTFOLIO
TABLE 79. ENGINEERED PROFILES LLC COMPANY SNAPSHOT
TABLE 80. ENGINEERED PROFILES LLC OPERATING BUSINESS SEGMENTS
TABLE 81. ENGINEERED PROFILES LLC KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 82. THE DOW CHEMICAL COMPANY COMPANY SNAPSHOT
TABLE 83. THE DOW CHEMICAL COMPANY OPERATING BUSINESS SEGMENTS
TABLE 84. THE DOW CHEMICAL COMPANY PRODUCT PORTFOLIO
TABLE 85. THE DOW CHEMICAL COMPANY KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 86. QUANEX BUILDING PRODUCTS CORPORATION SNAPSHOT
TABLE 87. QUANEX BUILDING PRODUCTS CORPORATION OPERATING BUSINESS SEGMENTS
TABLE 88. ROYAL GROUP, INC. SNAPSHOT
TABLE 89. ROYAL GROUP, INC. OPERATING BUSINESS SEGMENTS
TABLE 90. ROYAL GROUP, INC. PRODUCT PORTFOLIO
TABLE 91. DUROS DEVELOPMENT CORP OPERATING BUSINESS SEGMENTS
TABLE 92. PLY GEM HOLDINGS, INC SNAPSHOT
TABLE 93. PLY GEM HOLDINGS, INC OPERATING BUSINESS SEGMENTS
TABLE 94. PLY GEM HOLDINGS, INC PRODUCT PORTFOLIO
TABLE 95. REHAU INC. SNAPSHOT
TABLE 96. REHAU INC. OPERATING BUSINESS SEGMENTS
TABLE 97. REHAU INC. PRODUCT PORTFOLIO
TABLE 98. VISION GROUP SNAPSHOT
TABLE 99. VISION GROUP OPERATING BUSINESS SEGMENTS
TABLE 100. VISION GROUP PRODUCT PORTFOLIO
TABLE 101. DENSO CORPORATION SNAPSHOT
TABLE 102. DENSO CORPORATION OPERATING BUSINESS SEGMENT
TABLE 103. DENSO CORPORATION KEY STRATEGIC MOVES AND DEVELOPMENT
TABLE 104. FOTON PHILIPPINES SNAPSHOT
TABLE 105. FOTON PHILIPPINES OPERATING BUSINESS SEGMENT
TABLE 106. ISUZU PHILIPPINES CORPORATION SNAPSHOT
TABLE 107. ISUZU PHILIPPINES CORPORATION SEGMENTS
TABLE 108. ISUZU PHILIPPINES CORPORATION PRODUCT PORTFOLIO
TABLE 109. MITSUWA CHEMICAL CO., LTD. SNAPSHOT
TABLE 110. MITSUWA CHEMICAL CO., LTD. SEGMENTS
TABLE 111. MITSUWA CHEMICAL CO., LTD. PRODUCT PORTFOLIO
TABLE 112. EATON CORPORATION PLC SNAPSHOT
TABLE 113. EATON CORPORATION PLC SEGMENTS
TABLE 114. EATON CORPORATION PLC PRODUCT PORTFOLIO
TABLE 115. EATON CORPORATION PLC KEY STRATEGIC MOVES AND DEVELOPMENT
TABLE 116. MHG ASIA PACIFIC SNAPSHOT
TABLE 117. MHG ASIA PACIFIC OPERATING BUSINESS SEGMENTS
TABLE 118. MHG ASIA PACIFIC PRODUCT PORTFOLIO
TABLE 119. REHAU INC. SNAPSHOT
TABLE 120. REHAU INC. OPERATING BUSINESS SEGMENTS
TABLE 121. REHAU INC. PRODUCT PORTFOLIO
TABLE 122. DUROS DEVELOPMENT CORP OPERATING BUSINESS SEGMENTS
TABLE 123. PLY GEM HOLDINGS, INC SNAPSHOT
TABLE 124. PLY GEM HOLDINGS, INC OPERATING BUSINESS SEGMENTS
TABLE 125. PLY GEM HOLDINGS, INC PRODUCT PORTFOLIO
TABLE 126. VISION GROUP SNAPSHOT
TABLE 127. VISION GROUP OPERATING BUSINESS SEGMENTS
TABLE 128. VISION GROUP PRODUCT PORTFOLIO

List of Figures

FIGURE 1. TOP IMPACTING FACTORS: 2016 VS 2023
FIGURE 2. TOP INVESTMENT POCKETS, BY APPLICATION
FIGURE 3. BARGAINING POWER OF SUPPLIERS
FIGURE 4. BARGAINING POWER OF BUYERS
FIGURE 5. THREAT OF SUBSTITUTION
FIGURE 6. THREAT OF NEW ENTRANTS
FIGURE 7. COMPETITIVE RIVALRY
FIGURE 8. PHILIPPINES PLASTIC EXTRUSION MOLDED PARTS MARKET, BY APPLICATION, 2016 (%)
FIGURE 9. THE DOW CHEMICAL COMPANY FINANCIAL, 2014-2016
FIGURE 10. THE DOW CHEMICAL COMPANY NET SALES, BY SEGMENT
FIGURE 11. BEMIS COMPANY, INC FINANCIAL, 2014-2016
FIGURE 12. BEMIS COMPANY, INC NET SALES, BY SEGMENT
FIGURE 13. BEMIS COMPANY, INC NET SALES, BY GEOGRAPHY
FIGURE 14. QUANEX BUILDING PRODUCTS CORPORATION FINANCIAL, 2014-2016
FIGURE 15. QUANEX BUILDING PRODUCTS CORPORATION NET SALES, BY SEGMENT
FIGURE 16. QUANEX BUILDING PRODUCTS CORPORATION NET SALES, BY GEOGRAPHY
FIGURE 17. THE DOW CHEMICAL COMPANY FINANCIAL, 2014-2016
FIGURE 18. THE DOW CHEMICAL COMPANY NET SALES, BY SEGMENT
FIGURE 19. QUANEX BUILDING PRODUCTS CORPORATION FINANCIAL, 2014-2016
FIGURE 20. QUANEX BUILDING PRODUCTS CORPORATION NET SALES, BY SEGMENT
FIGURE 21. QUANEX BUILDING PRODUCTS CORPORATION NET SALES, BY GEOGRAPHY
FIGURE 22. PLY GEM HOLDINGS, INC FINANCIAL, 2014-2016
FIGURE 23. PLY GEM HOLDINGS, INC NET SALES, BY SEGMENT
FIGURE 24. PLY GEM HOLDINGS, INC NET SALES, BY GEOGRAPHY
FIGURE 25. DENSO CORPORATION FINANCIAL, 2014-2016
FIGURE 26. DENSO CORPORATION NET SALES, BY SEGMENT
FIGURE 27. DENSO CORPORATION NET SALES, BY GEOGRAPHY
FIGURE 28. EATON CORPORATION PLC FINANCIAL, 2014-2016
FIGURE 29. EATON CORPORATION PLC NET SALES, BY SEGMENT
FIGURE 30. EATON CORPORATION PLC NET SALES, BY GEOGRAPHY
FIGURE 31. PLY GEM HOLDINGS, INC FINANCIAL, 2014-2016
FIGURE 32. PLY GEM HOLDINGS, INC NET SALES, BY SEGMENT
FIGURE 33. PLY GEM HOLDINGS, INC NET SALES, BY GEOGRAPHY

 

Extrusion is a process of manufacturing long products of constant cross-section such as rods, sheets, pipes, films, and wire insulation coating. The major advantage of using extrusion to manufacture molding parts is that profiles such as pipes can be made to any length. The plastic extrusion molding is widely adopted in diverse industries owing to its low initial set-up cost, fast setup time, and low production cost.   

In 2016, housing building material application segment dominated the Philippines plastic extrusion molded parts industry, which is accounted for nearly half share in total market. In housing building material, extrusion is used to manufacture window casement, wall protection components, and wall trims including other components. Whereas, automobile is the fastest growing application segment, growing at a highest CAGR of 4.2% during 2017 to 2023.

 

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