Aluminium Billet Production set to climb at an annual compound annual growth rate of 4.4 per cent from 2010 to 2016 in Asia, Finds Frost & Sullivan

Aluminium Billet Production set to climb at an annual compound annual growth rate of 4.4 per cent from 2010 to 2016 in Asia, Finds Frost & Sullivan PR Newswire SINGAPORE, June 27, 2012 - The Domestic Need was Driven by the Demand from Major Extrusion Companies that Consumed 865,356 MT of Aluminium Billet SINGAPORE, June 27, 2012 /PRNewswire/ -- The boom in the construction sector is rippling into the aluminium extrudes market for various applications, giving a huge boost to the aluminium billet market. The growing automotive and industrial sectors in Malaysia, Taiwan, Thailand and Vietnam have expanded the market for aluminium profiles and this superior demand has, in turn, enhanced the production capacities of existing extrusion companies. New analysis from Frost & Sullivan (http://www.buildingtechnologies.frost.com), Strategic Assessment of Aluminium Billets Market in Selected Far East Countries, finds that the current market volume for aluminium billets is 960,545 MT. It is expected to grow to 1,135,656 MT at a compound annual growth rate of 4.4 per cent from 2010 to 2016 in the selected countries of Indonesia, Taiwan, Thailand and Malaysia. "Regional extruders import aluminium billets from China, India and the Middle East, indicating an eager end-user market for billet suppliers," says Frost & Sullivan Senior Research Analyst Chandrakumar BJG.