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Mexico Aluminium Market Size, Share, Growth, Analysis: By Type: Primary, Secondary; By Processing Method: Flat Rolled Products, Castings, Extrusions, Forgings, Pigments and Powder, Rod and Bars; By End Use: Automotive, Aerospace and Defense, Building and Construction, Others; Regional Analysis; Competitive Landscape; 2024-2032
Mexico Aluminium Market Outlook
The Mexico aluminium market size was valued at USD 3.74 billion in 2023. The market is further projected to grow at a CAGR of 5.4% between 2024 and 2032, reaching a value of USD 6.02 billion by 2032.
Key Takeaways
- According to the Aluminium Association, Mexico imported 561.4 million pounds of unwrought aluminium and aluminium alloys in 2018, accounting for 6.1% of total North American imports.
- As per industry reports, the aluminium industry in Mexico contributes a mere 0.04% of the national GDP and employs 122 workers.
- In 2018, Mexico produced 645,000 metric tons of aluminium, with ingots making up 60.2% of total production and aluminium profiles accounting for 32.2%.
- Mexico is also a significant exporter of aluminium scrap, with exports totalling 706,635 tonnes during 2018-19, generating USD 1.06 billion in revenue. Mexico’s major trading destinations for aluminium scrap exports include Belgium, Brazil, China, Germany, Greece, Hong Kong, India, Indonesia, Japan, Netherlands, Saudi Arabia, South Korea, and Spain.
The Mexico aluminium market growth is driven by the increasing consumption of packaged goods and rising export levels. Companies like Grupo Bimbo, a major player in the food industry, utilise aluminium packaging for products like snacks and baked goods to ensure freshness and extend shelf life. Furthermore, Mexico was the main exporter of aluminium products to the US market, accounting for USD 660 million of the US extruded aluminium imports in 2022.
By product type, the flat-rolled segment is expected to dominate the market share due to its wide range of applications in various industries such as automotive, construction, and packaging. For example, Novelis, a subsidiary of Hindalco Industries Ltd., is a leading producer of flat-rolled aluminium products and has a significant presence in the Mexican market.
By end user industry, the transport segment is expected to dominate the Mexico aluminium market share due to the increasing demand for lightweight materials in the automotive industry. For example, companies such as Ford Motor Company and General Motors have a significant presence in the Mexican market and are investing in the use of lightweight aluminium materials to reduce the weight of their vehicles and improve fuel efficiency.
The Mexican aluminium market is affected by environmental regulations and sustainability requirements such as emissions control, waste management, and energy efficiency targets. For example, companies such as Alcoa Corporation and Norsk Hydro ASA have made significant investments in reducing their carbon footprint and improving their energy efficiency to comply with environmental regulations and sustainability requirements.
Lastly, the increasing adoption of sustainable packaging presents a significant opportunity for market growth. Companies like Coca-Cola and PepsiCo are transitioning to aluminium cans for their beverages as part of their sustainability initiatives and driving the demand for aluminium in the Mexican market.
Market Segmentation
Mexico Aluminium Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Primary
- Secondary
Market Breakup by Processing Method
- Flat Rolled Products
- Castings
- Extrusions
- Forgings
- Pigments and Powder
- Rod and Bars
Market Breakup by End Use
- Automotive
- Aerospace and Defence
- Building and Construction
- Electrical and Electronics
- Packaging
- Industrial
- Others
Market Breakup by Region
- Baja California
- Northern Mexico
- The Bajío
- Central Mexico
- Pacific Coast
- Yucatan Peninsula
Competitive Landscape
Market players are focused on providing premium quality of silica sand across industries to stay ahead in the competition.
- Aluminio Industrial Mexicano, S.A. de C.V.
- Arzyz, SA de CV
- ALRETECH
- Norsk Hydro ASA
- Fracsa Alloys
- Grupo Valsa
- Riisa
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Processing Method |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*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 Market 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
7 Opportunities and Challenges in the Market
8 Latin America Aluminium Market Overview
8.1 Key Industry Highlights
8.2 Latin America Aluminium Historical Market (2018-2023)
8.3 Latin America Aluminium Market Forecast (2024-2032)
9 Mexico Aluminium Market Overview
9.1 Key Industry Highlights
9.2 Mexico Aluminium Historical Market (2018-2023)
9.3 Mexico Aluminium Market Forecast (2024-2032)
10 Mexico Aluminium Market by Type
10.1 Primary
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Secondary
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Mexico Aluminium Market by Processing Method
11.1 Flat Rolled Products
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Castings
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Extrusions
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Forgings
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Pigments and Powder
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Rod and Bars
11.6.1 Historical Trend (2018-2023)
11.6.2 Forecast Trend (2024-2032)
12 Mexico Aluminium Market by End Use
12.1 Automotive
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Aerospace and Defense
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Building and Construction
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Electrical and Electronics
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Packaging
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Industrial
12.6.1 Historical Trend (2018-2023)
12.6.2 Forecast Trend (2024-2032)
12.7 Others
13 Mexico Aluminium Market by Region
13.1 Baja California
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Northern Mexico
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 The Bajío
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Central Mexico
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Pacific Coast
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Yucatan Peninsula
13.6.1 Historical Trend (2018-2023)
13.6.2 Forecast Trend (2024-2032)
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 Buyers Powers
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: 76)
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
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Aluminio Industrial Mexicano, S.A. de C.V.
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 Arzyz, SA de CV
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 ALRETECH
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 Norsk Hydro ASA
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 Fracsa Alloys
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 Grupo Valsa
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 Riisa
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 Others
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Aluminium Market: Key Industry Highlights, 2018 and 2032
2. Mexico Aluminium Market: Key Industry Highlights, 2018 and 2032
3. Mexico Aluminium Historical Market: Breakup by Type (USD Billion), 2018-2023
4. Mexico Aluminium Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. Mexico Aluminium Historical Market: Breakup by Processing Method (USD Billion), 2018-2023
6. Mexico Aluminium Market Forecast: Breakup by Processing Method (USD Billion), 2024-2032
7. Mexico Aluminium Historical Market: Breakup by End Use (USD Billion), 2018-2023
8. Mexico Aluminium Market Forecast: Breakup by End Use (USD Billion), 2024-2032
9. Mexico Aluminium Historical Market: Breakup by Region (USD Billion), 2018-2023
10. Mexico Aluminium Market Forecast: Breakup by Region (USD Billion), 2024-2032
11. Major Importing Countries by Volume
12. Major Exporting Countries by Volume
13. Major Importing Countries by Value
14. Major Exporting Countries by Value
15. Mexico Aluminium Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 3.74 billion.
The market is expected to grow at a CAGR of 5.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 6.02 billion by 2032.
The market is being driven due to escalating consumption of packaged goods and the growing automotive manufacturing sector.
Key trends aiding the market expansion include increasing demand for sustainable packaging solutions and its wide applications in various industries.
Regions considered in the market are Baja California, Northern Mexico, The Bajío, Central Mexico, Pacific Coast, and Yucatan Peninsula.
Different aluminium processing methods are flat rolled products, castings, extrusions, forgings, pigments and powder, and rod and bars.
Based on end use, the market segmentations include automotive, aerospace and defence, building and construction, electrical and electronics, packaging, and industrial, among others.
Key players in the market are Aluminio Industrial Mexicano, S.A. de C.V., Arzyz, SA de CV, ALRETECH, Norsk Hydro ASA, Fracsa Alloys, Grupo Valsa, and Riisa, among others.
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