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Report Overview
The global aluminium market was valued to reach a market size of USD 157.03 Billion in 2024. The industry is expected to grow at a CAGR of 5.65% during the forecast period of 2025-2034. Key drivers of the aluminum market include technological innovation, sustainability efforts, infrastructure growth, increased demand in automotive and construction sectors, and supply chain management efficiency, thus aiding the market growth to attain a valuation of USD 272.07 Billion by 2034.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- With increased global emphasis on sustainability, B2B companies are increasingly looking for more recycled aluminum as part of the environmentally friendly practice and to minimize carbon footprints in the manufacturing process.
- Higher consumption of aluminum in construction, transportation, and energy sectors due to rapid urbanization and infrastructure projects, especially in emerging markets, provides B2B opportunities in material supply and innovation, thus pushing the growth of the aluminium market.
- Aluminum processing innovations and lightweight solutions for automotive or aerospace sectors create demand for specialized B2B products with high quality, efficient, and cost-effective material solutions for companies.
Aluminium Market Report Snapshots
*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
In 2024, the market reached an approximate value of USD 157.03 Billion.
The aluminium market is assessed to grow at a CAGR of 5.65% between 2025 and 2034.
The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a value of around USD 272.07 Billion by 2034.
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.
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, Norsk Hydro ASA, Alux do Brasil, and Companhia Brasileira de Alumínio (CBA), among others.
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