Canada Aluminium Market Report and Forecast 2024-2032

Canada Aluminium Market Size

The Canada aluminium market was valued at USD 5.17 billion in 2023. The market is further projected to grow at a CAGR of 5.60% between 2024 and 2032, reaching a value of USD 8.47 billion by 2032.

Canada Aluminium Market Outlook

• According to the Aluminium Association of Canada, in April 2023, Canada produced around 268,980 metric tons of primary aluminium.

• Canada is a key supplier of low-carbon and responsibly produced aluminium to the United States of America.

Canada Aluminium Market Growth

The country’s aluminium sector is a crucial contributor to the economy and accounts for around 80% of North America’s primary aluminium production. It exports around 95% of its primary aluminium to the United States. The primary aluminium sector ranks 4th in the world with a production of 3.2 million tonnes of primary aluminium per year. The sector is also recognized globally for its low carbon footprint. Major aluminium smelters in the country, namely, Alcoa, Rio Tinto, and Aluminerie Alouette operate 9 plants in Canada, with eight plants in Quebec and one plant in British Columbia. The Canadian primary aluminium industry supports over 9,000 jobs and generates exports of over USD 8.89 billion, annually.

According to the Canada aluminium market analysis, the market is renowned across the globe for its research and development activities to enhance its aluminium production. Players in the market continuously invest in developing new technologies that are efficient and effective from an operational and environmental standpoint and improve their market position.  Key technologies deployed by players to enhance their productivity include robotisation, automation, and artificial intelligence. Further, aluminium is widely consumed across Canada and is part of Canada’s list of 31 critical minerals, essential to the country’s economic security and to help it transition to a low-carbon economy.

Canada Aluminium Industry Segmentation

Canada 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

• Extrusions

• Castings

• Forgings

• Pigments and Powder

• Rod and Bar

• Sheet

• Others

Market Breakup by End Use

• Transport

• Construction

• Electrical

• Machinery and Equipment

• Others

Market Breakup by Region

• British Columbia

• Alberta

• The Prairies

• Central Canada

• Atlantic Canada

Canada Aluminium Market Share

Secondary or recycled aluminum makes up a significant portion of the market. Reusing and recycling scrap from vehicles, equipment, machinery, and beverage cans is a cost-effective practice. Reusing old metal or scrap reduces environmental damage by consuming a fraction of the energy required to produce new metal from mining. Initiatives to create car dismantling, shredder, and environmental safety centers are also expected to encourage this segment’s growth. It is also anticipated that increased use of the material in the transportation industry will increase the demand for aluminum.

Leading Companies in Canada Aluminium Market

The key players in the market are improving their market position by integrating key technologies, such as robotisation, automation, and artificial intelligence.

• Rio Tinto plc https

• Alcoa Corporation 

• ALUMINERIE ALOUETTE INC. 

• Hindalco Industries Limited (Novelis Deutschland GmbH) 

• Constellium 

• Others

Key Highlights of the Report