Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Aluminium Market Size

The global aluminium market attained a value of 157.03 billion in 2023. The market is expected to grow at a CAGR of 5.65% between 2024 and 2032, reaching almost a value of 257.42 billion by 2032.

 

Global Aluminium Market Report Summary Description Value
Base Year USD Billion 2023
Historical period USD Billion 2018-2023
Forecast Period USD Billion 2024-2032
Market Size 2023 USD Billion 157.0
Market Size 2032 USD Billion 257.4
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 5.7%
CAGR 2024-2032 - Market by Region North America 4.7%
CAGR 2024-2032 - Market by Country India 6.9%
CAGR 2024-2032 - Market by Country UK 6.3%
CAGR 2024-2032 - Market by Type Secondary 6.2%
CAGR 2024-2032 - Market by End Use Packaging and Foil 6.4%
Market Share by Country Australia 2.9%

 

Global Aluminium Market Outlook

  • Aluminium recycling is highly efficient, requiring only 5% of the energy used to produce primary aluminium, which significantly reduces the carbon footprint.
  • There is an increased low-carbon aluminium demand produced with renewable energy or through processes that emit less CO2.
  • The growing aluminium demand in India is the result of continuous expansion of the transportation, construction, and power sectors.

 

Aluminium Market Report Snapshots

Aluminium Market Size

Aluminium Market Share

Aluminium Market Growth

Aluminium Companies

Aluminium Market Regional Analysis

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The aluminium market is projected to grow at a CAGR of 5.65% between 2024 and 2032.

The major drivers of the aluminium 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 aluminium market growth includes the growing transportation industry and increasing downstream industries.

The major regions in the 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.

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

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