Reports
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.
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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.
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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.
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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:
|
| Breakup by Type |
|
| Breakup by Processing Method |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Trade Data Analysis |
|
| Competitive Landscape |
|
| Companies Covered |
|
*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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