Aluminium Market

Global Aluminium Market Share, Size: By Type: Primary, Secondary; By Processing Method: Flat Rolled, Castings, Extrusions, Forgings, Pigments and Powder, Rod and Bar, Sheet, Others; By End Use: Transport, Construction, Electrical, Machinery and Equipment, Packaging and Foil, Others; Regional Analysis; Competitive Landscape; 2023-2028

Global Aluminium Market Outlook

The global aluminium market is expected to grow at a CAGR of 3.63% in the forecast period of 2023-2028, supported by the rising demand from end uses such as transport, machinery and equipment, and construction.

 

Global Aluminium Market

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Growing Demand for Aluminium in the Transport Industry Aiding the Market

Some of the leading application sectors for the metal are the transport and the construction industries. The Asia Pacific and the Americas are among the regions with high maturity markets, with the Asia Pacific likely to dominate the growth rates in the future. Aluminium is widely produced in the Asia Pacific regions like China and India, along with Russia, Canada, and the United Arab Emirates. China is one of the leading producers of aluminium, accounting for over half the world’s production of aluminium. Moreover, various countries in the Asia Pacific region and the Middle East and Africa are expected to witness capacity expansions of aluminium manufacturing in the forecast period. The growing demand in India is fuelled by the ever-increasing transportation, construction, and power industries.

 

Robust Growth of End-Use Sectors of Aluminium to Drive the Market

Australia is another important region in the Asia Pacific region and one of the net exporters of the product. The market is supported by its end-use industries, such as construction and packaging, among others. The country is also the largest producer of alumina and bauxite. The demand for aluminium in other regions is also expected to grow in the coming years, driven by the growing automobiles industry. The demand for aluminium in some European countries, as well as the United States, is expected to grow further due to increasing consumption by aircraft manufacturers.

 

Increasing Applications of Aluminium in Consumer Electronics Augmenting the Market

As aluminium is lightweight and cost-effective, it finds extensive applications in the manufacturing of consumer electronics. Hence, the growing demand for televisions, laptops, smartphones, and tablets, among others, is driving the market growth. With the increasing preference for environment-friendly and sustainable consumer electronics, the aluminium market is expected to witness a healthy growth. Various aluminium manufacturers are increasingly offering innovative and superior aluminium alloys. This, in turn, is bolstering the use of the metal in complex designing solutions in consumer electronics. Further, the rising utilisation of aluminium as a substitute for plastics and steel owing to its reliability, versatility, high mechanical strength, cost-effectiveness, and light weight is likely to augment the market.

 

Market Segmentation

Aluminium refers to the chemical element having the atomic number 13. It is a silver-white, soft, non-magnetic, and ductile metal in the boron group. It is low in density and has the ability to withstand corrosion through the passivation phenomenon. The metal and its alloys are critically important to the aerospace, transportation, and construction industries.

 

Global Aluminium Market by application

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By type, the market is bifurcated into:

  • Primary
  • Secondary

 

Based on processing method, the market is divided into:

  • Flat Rolled
  • Castings
  • Extrusions
  • Forgings
  • Pigments and Powder
  • Rod and Bar
  • Sheet
  • Others

 

On the basis of end use, the market is segmented into:

  • Transport
  • Construction
  • Electrical
  • Machinery and Equipment
  • Packaging and Foil
  • Consumer Goods
  • Others

 

The EMR report also covers the regional markets of aluminium like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Aluminium Market by region

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Increasing Demand for Aluminium in the Transportation Industry to Bolster the Market

The downstream industries are significantly driving the demand for aluminium. The transportation industry is rapidly growing, thus, providing an impetus to the demand for aluminium. Moreover, aluminium is widely used in developed countries like the United States, Japan, and some countries in the European Union, due to the expansion of the automotive industry. Aluminium has applications in the production of lightweight as well as electronic vehicles. The increasing environmental concerns are also fuelling the demand for electric vehicles and providing impetus to the aluminium market growth. The increased application of the product in making aluminium sheets to replace steel is further driving the market.

 

The consumption of aluminium in the manufacturing of aircraft by the United States and Europe is likely to witness a healthy growth in the coming years. The replacement of older aircraft with new and better fuel-efficient methods is providing further impetus to the aluminium market growth. The rising use of the material in the electrical engineering as well as the machinery and equipment industries are driving the growth of the market forward. In addition, technological advancements and innovations are expected to drive the market growth of aluminium in the coming years.

 

The growing construction industry in developing countries like India and China is driving the demand for aluminium. These countries are witnessing an increased rate of construction in order to expand their infrastructure to meet the demand of the rising population due to the rapid migration to the big cities, which is likely to provide lucrative growth opportunities to the aluminium market in the coming years.

 

Key Players in the Global Market for Aluminium

The report gives a detailed analysis of the following key players in the global aluminium market, covering their competitive landscape, capacities, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

 

  • RusAL
  • Chalco Aluminum Co. Ltd
  • Rio Tinto plc
  • China Hongqiao Group Co., Ltd.
  • Alcoa Corporation
  • Emirates Global Aluminium PJSC
  • Shandong Xinfa Aluminum Co., Ltd.
  • Norsk Hydro ASA
  • Vedanta Limited
  • Hindalco Industries Limited
  • Others

 

The comprehensive EMR report provides an in-depth assessment of the market based on Porter’s five forces model, along with giving a SWOT analysis. The report also gives the price analysis and trade data for the aluminium market.

 

Report Features Details
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Processing Method
  • End Use
  • Region
Breakup by Type
  • Primary
  • Secondary
Breakup by Processing Method
  • Flat Rolled
  • Castings
  • Extrusions
  • Forgings
  • Pigments and Powder
  • Rod and Bar
  • Sheet
  • Others
Breakup by End Use
  • Transport
  • Construction
  • Electrical
  • Machinery and Equipment
  • Packaging and Foil
  • Consumer Goods
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Trade Data Analysis
  • Major Exporting Countries
    • By Value
    • By Volume
  • Major Importing Countries
    • By Value
    • By Volume
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • RusAL
  • Chalco Aluminum Co. Ltd
  • Rio Tinto plc
  • China Hongqiao Group Co., Ltd.
  • Alcoa Corporation
  • Emirates Global Aluminium PJSC
  • Shandong Xinfa Aluminum Co., Ltd.
  • Norsk Hydro ASA
  • Vedanta Limited
  • Hindalco Industries Limited
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Aluminium Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Aluminium Historical Market (2018-2022) 
    8.3    Global Aluminium Market Forecast (2023-2028)
    8.4    Global Aluminium Market by Type
        8.4.1    Primary
            8.4.1.1    Historical Trend (2018-2022) 
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    Secondary
            8.4.2.1    Historical Trend (2018-2022) 
            8.4.2.2    Forecast Trend (2023-2028)
    8.5    Global Aluminium Market by Processing Method
        8.5.1    Flat Rolled
            8.5.1.1    Historical Trend (2018-2022) 
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Castings
            8.5.2.1    Historical Trend (2018-2022) 
            8.5.2.2    Forecast Trend (2023-2028)
        8.5.3    Extrusions
            8.5.3.1    Historical Trend (2018-2022) 
            8.5.3.2    Forecast Trend (2023-2028)
        8.5.4    Forgings
            8.5.4.1    Historical Trend (2018-2022) 
            8.5.4.2    Forecast Trend (2023-2028)
        8.5.5    Pigments and Powder
            8.5.5.1    Historical Trend (2018-2022) 
            8.5.5.2    Forecast Trend (2023-2028)
        8.5.6    Rod and Bar
            8.5.6.1    Historical Trend (2018-2022) 
            8.5.6.2    Forecast Trend (2023-2028)
        8.5.7    Sheet
            8.5.7.1    Historical Trend (2018-2022) 
            8.5.7.2    Forecast Trend (2023-2028)
        8.5.8    Others
    8.6    Global Aluminium Market by End Use
        8.6.1    Transport
            8.6.1.1    Historical Trend (2018-2022) 
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Construction
            8.6.2.1    Historical Trend (2018-2022) 
            8.6.2.2    Forecast Trend (2023-2028)
        8.6.3    Electrical
            8.6.3.1    Historical Trend (2018-2022) 
            8.6.3.2    Forecast Trend (2023-2028)
        8.6.4    Machinery and Equipment
            8.6.4.1    Historical Trend (2018-2022) 
            8.6.4.2    Forecast Trend (2023-2028)
        8.6.5    Packaging and Foil
            8.6.5.1    Historical Trend (2018-2022) 
            8.6.5.2    Forecast Trend (2023-2028)
        8.6.6    Consumer Goods
            8.6.6.1    Historical Trend (2018-2022) 
            8.6.6.2    Forecast Trend (2023-2028)
        8.6.7    Others
    8.7    Global Aluminium Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2022) 
            8.7.1.2    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2022) 
            8.7.2.2    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2022) 
            8.7.3.2    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2022) 
            8.7.4.2    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2022) 
            8.7.5.2    Forecast Trend (2023-2028)
9    North America Aluminium Market Analysis
    9.1    Market by Type
    9.2    Market by Processing Method
    9.3    Market by Application
    9.4    Market by Country
        9.4.1    United States of America 
            9.4.1.1    Historical Trend (2018-2022) 
            9.4.1.2    Forecast Trend (2023-2028)
        9.4.2    Canada
            9.4.2.1    Historical Trend (2018-2022) 
            9.4.2.2    Forecast Trend (2023-2028)
10    Europe Aluminium Market Analysis
    10.1    Market by Type
    10.2    Market by Processing Method
    10.3    Market by Application
    10.4    Market by Country
        10.4.1    United Kingdom
            10.4.1.1    Historical Trend (2018-2022) 
            10.4.1.2    Forecast Trend (2023-2028)
        10.4.2    Germany
            10.4.2.1    Historical Trend (2018-2022) 
            10.4.2.2    Forecast Trend (2023-2028)
        10.4.3    France
            10.4.3.1    Historical Trend (2018-2022) 
            10.4.3.2    Forecast Trend (2023-2028)
        10.4.4    Italy
            10.4.4.1    Historical Trend (2018-2022) 
            10.4.4.2    Forecast Trend (2023-2028)
        10.4.5    Others
11    Asia Pacific Aluminium Market Analysis
    11.1    Market by Type
    11.2    Market by Processing Method
    11.3    Market by Application
    11.4    Market by Country
        11.4.1    China
            11.4.1.1    Historical Trend (2018-2022) 
            11.4.1.2    Forecast Trend (2023-2028)
        11.4.2    Japan
            11.4.2.1    Historical Trend (2018-2022) 
            11.4.2.2    Forecast Trend (2023-2028)
        11.4.3    India
            11.4.3.1    Historical Trend (2018-2022) 
            11.4.3.2    Forecast Trend (2023-2028)
        11.4.4    ASEAN
            11.4.4.1    Historical Trend (2018-2022) 
            11.4.4.2    Forecast Trend (2023-2028)
        11.4.5    South Korea
            11.4.5.1    Historical Trend (2018-2022) 
            11.4.5.2    Forecast Trend (2023-2028)
        11.4.6    Australia
            11.4.6.1    Historical Trend (2018-2022) 
            11.4.6.2    Forecast Trend (2023-2028)
        11.4.7    Others
12    Latin America Aluminium Market Analysis
    12.1    Market by Type
    12.2    Market by Processing Method
    12.3    Market by Application
    12.4    Market by Country
        12.4.1    Brazil
            12.4.1.1    Historical Trend (2018-2022) 
            12.4.1.2    Forecast Trend (2023-2028)
        12.4.2    Argentina
            12.4.2.1    Historical Trend (2018-2022) 
            12.4.2.2    Forecast Trend (2023-2028)
        12.4.3    Mexico
            12.4.3.1    Historical Trend (2018-2022) 
            12.4.3.2    Forecast Trend (2023-2028)
        12.4.4    Others
13    Middle East and Africa Aluminium Market Analysis
    13.1    Market by Type
    13.2    Market by Processing Method
    13.3    Market by End Use
    13.4    Market by Country
        13.4.1    Saudi Arabia
            13.4.1.1    Historical Trend (2018-2022) 
            13.4.1.2    Forecast Trend (2023-2028)
        13.4.2    United Arab Emirates
            13.4.2.1    Historical Trend (2018-2022) 
            13.4.2.2    Forecast Trend (2023-2028)
        13.4.3    Nigeria
            13.4.3.1    Historical Trend (2018-2022) 
            13.4.3.2    Forecast Trend (2023-2028)
        13.4.4    South Africa
            13.4.4.1    Historical Trend (2018-2022) 
            13.4.4.2    Forecast Trend (2023-2028)
        13.4.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Trade Data Analysis (HS Code - 7601)

    16.1    Major Importing Countries
        16.1.1    By Volume
        16.1.2    By Value
    16.2    Major Exporting Countries
        16.2.1    By Volume
        16.2.2    By Value
17    Price Analysis
    17.1    North America Historical Price Trends and Forecast 2018-2028
    17.2    Europe Historical Price Trends and Forecast 2018-2028
    17.3    Asia Pacific Historical Price Trends and Forecast 2018-2028
    17.4    Latin America Historical Price Trends and Forecast 2018-2028
    17.5    Middle East and Africa Historical Price Trends and Forecast 2018-2028
18    Competitive Landscape
    18.1    Market Structure
    18.2    Company Profiles
        18.2.1    RusAL
            18.2.1.1    Company Overview
            18.2.1.2    Product Portfolio
            18.2.1.3    Demographic Reach and Achievements
            18.2.1.4    Certifications
        18.2.2    Chalco Aluminum Co. Ltd
            18.2.2.1    Company Overview
            18.2.2.2    Product Portfolio
            18.2.2.3    Demographic Reach and Achievements
            18.2.2.4    Certifications
        18.2.3    Rio Tinto plc
            18.2.3.1    Company Overview
            18.2.3.2    Product Portfolio
            18.2.3.3    Demographic Reach and Achievements
            18.2.3.4    Certifications
        18.2.4    China Hongqiao Group Co., Ltd.
            18.2.4.1    Company Overview
            18.2.4.2    Product Portfolio
            18.2.4.3    Demographic Reach and Achievements
            18.2.4.4    Certifications
        18.2.5    Alcoa Corporation
            18.2.5.1    Company Overview
            18.2.5.2    Product Portfolio
            18.2.5.3    Demographic Reach and Achievements
            18.2.5.4    Certifications
        18.2.6    Emirates Global Aluminium PJSC
            18.2.6.1    Company Overview
            18.2.6.2    Product Portfolio
            18.2.6.3    Demographic Reach and Achievements
            18.2.6.4    Certifications
        18.2.7    Shandong Xinfa Aluminum Co., Ltd.
            18.2.7.1    Company Overview
            18.2.7.2    Product Portfolio
            18.2.7.3    Demographic Reach and Achievements
            18.2.7.4    Certifications
        18.2.8    Norsk Hydro ASA
            18.2.8.1    Company Overview
            18.2.8.2    Product Portfolio
            18.2.8.3    Demographic Reach and Achievements
            18.2.8.4    Certifications
        18.2.9    Vedanta Limited
            18.2.9.1    Company Overview
            18.2.9.2    Product Portfolio
            18.2.9.3    Demographic Reach and Achievements
            18.2.9.4    Certifications
        18.2.10    Hindalco Industries Limited
            18.2.10.1    Company Overview
            18.2.10.2    Product Portfolio
            18.2.10.3    Demographic Reach and Achievements
            18.2.10.4    Certifications
        18.2.11    Others
19    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Aluminium Market: Key Industry Highlights, 2018 and 2028
2.    Global Aluminium Historical Market: Breakup by Type (MMT), 2018-2022
3.    Global Aluminium Market Forecast: Breakup by Type (MMT), 2023-2028
4.    Global Aluminium Historical Market: Breakup by Processing Method (MMT), 2018-2022
5.    Global Aluminium Market Forecast: Breakup by Processing Method (MMT), 2023-2028
6.    Global Aluminium Historical Market: Breakup by End Use (MMT), 2018-2022
7.    Global Aluminium Market Forecast: Breakup by End Use (MMT), 2023-2028
8.    Global Aluminium Historical Market: Breakup by Region (MMT), 2018-2022
9.    Global Aluminium Market Forecast: Breakup by Region (MMT), 2023-2028
10.    North America Aluminium Historical Market: Breakup by Country (MMT), 2018-2022
11.    North America Aluminium Market Forecast: Breakup by Country (MMT), 2023-2028
12.    Europe Aluminium Historical Market: Breakup by Country (MMT), 2018-2022
13.    Europe Aluminium Market Forecast: Breakup by Country (MMT), 2023-2028
14.    Asia Pacific Aluminium Historical Market: Breakup by Country (MMT), 2018-2022
15.    Asia Pacific Aluminium Market Forecast: Breakup by Country (MMT), 2023-2028
16.    Latin America Aluminium Historical Market: Breakup by Country (MMT), 2018-2022
17.    Latin America Aluminium Market Forecast: Breakup by Country (MMT), 2023-2028
18.    Middle East and Africa Aluminium Historical Market: Breakup by Country (MMT), 2018-2022
19.    Middle East and Africa Aluminium Market Forecast: Breakup by Country (MMT), 2023-2028
20.    Major Importing Countries by Volume
21.    Major Exporting Countries by Volume
22.    Major Importing Countries by Value
23.    Major Exporting Countries by Value
24.    North America Historical Price Trends and Forecast 2018-2028
25.    Europe Historical Price Trends and Forecast 2018-2028
26.    Asia Pacific Historical Price Trends and Forecast 2018-2028
27.    Latin America Historical Price Trends and Forecast 2018-2028
28.    Middle East and Africa Historical Price Trends and Forecast 2018-2028
29.    Global Aluminium Market Structure

Key Questions Answered in the Report

In 2020, the global aluminium market attained a volume of nearly 68.6 million metric tons.

The market is projected to grow at a CAGR of 3.63% between 2023 and 2028.

The major drivers of the market are increasing environmental concerns, increased application of the product in making aluminium sheets, consumption of aluminium in the manufacturing of aircraft, rising use of the material in the electrical engineering as well as machinery and equipment industries, rising technological advancement, growing construction industry, and rising population.

The key trends propelling the market growth includes the growing transportation industry and increasing from downstream industries.

The major regions in the market are North America, Latin America, Europe, Middle East and Africa, Asia Pacific with Asia Pacific accounting for the largest share in the market.

Primary and secondary are the types of aluminium in the market.

The various end uses of aluminium in the market are transport, construction, electrical, machinery and equipment, packaging and foil, and consumer goods, among others.

The major players in the market are RusAL, Chalco Aluminum Co. Ltd, Rio Tinto plc, China Hongqiao Group Co., Ltd., Alcoa Corporation, Emirates Global Aluminium PJSC, Shandong Xinfa Aluminum Co., Ltd., Norsk Hydro ASA, Vedanta Limited, and Hindalco Industries Limited, among others.

Analyst Review

The global aluminium market attained a volume of nearly 68.6 million metric tons in 2020, driven by the rising demand of aluminium from downstream industries. Aided by the growing applications of the product in various industries like automobile and increased application of the product in making aluminium sheets, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 3.63%.

 

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the global aluminium market can be segmented into primary and secondary. On the basis of processing method, the market is divided into flat rolled, castings, extrusions, forgings, pigments and powder, rod and bar, and sheet, among others. Based on end use, the market is segmented into transport, construction, electrical, machinery and equipment, packaging and foil, and consumer goods, among others. The major regional markets for the global aluminium market are North America, Latin America, Europe, Middle East and Africa, and Asia Pacific, with Asia Pacific accounting for the largest share of the market. The key players in the above market include RusAL, Chalco Aluminum Co. Ltd, Rio Tinto plc, China Hongqiao Group Co., Ltd., Alcoa Corporation, Emirates Global Aluminium PJSC, Shandong Xinfa Aluminum Co., Ltd., Norsk Hydro ASA, Vedanta Limited, and Hindalco Industries Limited, among others.

 

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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