What is the global market size of Aluminum Market?

Aluminum Market size was valued at USD 170.7 billion in 2021 and is poised to grow from USD 179.9 billion in 2022 to USD 256.53 billion by 2030, growing at a CAGR of 5.2% in the forecast period (2023-2030).

Who are the key vendors in the Global Aluminum Market?

The nature of the global market is fragmented. To support different industries, these important players are funding R&D projects. To preserve their market supremacy, they are putting into practice a variety of growth tactics, such as providing extensive product portfolios, fortifying their distribution networks, expansions, and acquisitions. 'Aluminum Corporation of China Limited ', 'Emirates Global Aluminum', 'Rio Tinto Group', 'Alcoa Corporation', 'China Hongqiao Group Limited', 'Rusal', 'Norsk Hydro ASA', 'Chalco', 'UC Rusal', 'Constellium SE', 'Arconic Inc.', 'Hindalco Industries Limited', 'China Power Investment Corporation', 'Shandong Xinfa Aluminum Group Co., Ltd.', 'Century Aluminum Company', 'China Zhongwang Holdings Limited', 'Vedanta Limited', 'China National Building Material Company Limited', 'Guizhou Aluminum Co., Ltd.', 'China Aluminum International Engineering Corporation Limited'.

What is the key driver of Global Aluminum Market?

Affordability and Wide Applications of Base Metal into Various Sectors Boosting Market Growth

Aluminum Companies

Aluminum Market Competitive Landscape

Top Players Global Aluminum Market

Alcoa Corporation
Aluminum Corporation of China Limited (CHALCO)
Emirates Global Aluminium
Rio Tinto
Norsk Hydro ASA
China Hongqiao Group Limited
RUSAL
Vedanta Aluminium & Power
Hindalco Industries Ltd.
Shandong Xinfa Aluminum Group
East Hope Group
Novelis Inc.
Logan Aluminum
Aleris Rolled Products
JW Aluminum
Hangzhou Century Aluminum
State Power Investment Corporation (SPIC)
Arconic
South32
Aluminum Bahrain (Alba)

Aluminum Market

FAQs

Global Aluminum Market size was valued at USD 170.7 billion in 2022 and is poised to grow from USD 179.9 billion in 2023 to USD 256.53 billion by 2031, growing at a CAGR of 5.2% in the forecast period (2024-2031).

The nature of the global market is fragmented. To support different industries, these important players are funding R&D projects. To preserve their market supremacy, they are putting into practice a variety of growth tactics, such as providing extensive product portfolios, fortifying their distribution networks, expansions, and acquisitions. 'Alcoa Corporation ', 'Aluminum Corporation of China Limited (CHALCO) ', 'Emirates Global Aluminium ', 'Rio Tinto ', 'Norsk Hydro ASA ', 'China Hongqiao Group Limited ', 'RUSAL ', 'Vedanta Aluminium & Power ', 'Hindalco Industries Ltd. ', 'Shandong Xinfa Aluminum Group ', 'East Hope Group ', 'Novelis Inc. ', 'Logan Aluminum ', 'Aleris Rolled Products ', 'JW Aluminum ', 'Hangzhou Century Aluminum ', 'State Power Investment Corporation (SPIC) ', 'Arconic ', 'South32 ', 'Aluminum Bahrain (Alba)'

A sizable portion of the world's usage of aluminum is secondary or recycled. Due to its affordability, scrap from machinery, automobiles, equipment, and beverage cans is recycled and reused. Reprocessing used metal or scrap causes less environmental harm because it uses a small amount of energy compared to mining new metal from ore. Additionally, initiatives like the creation of depollution centers and facilities for dismantling and shredding cars are anticipated to accelerate market expansion. The widespread use of the material in the transportation sector is also predicted to boost aluminum consumption.

Despite being used in autos for a long time, many new cars are now made of aluminum. For its ability to lower emissions and improve fuel efficiency, this metal is highly favored by engineers and designers in the automotive industry. Manufacturers of electric vehicles use this metal to lighten the car and increase its operating range. Due to its lightweight nature and similar physical characteristics to stainless steel, automakers like Mercedes and BMW are replacing it more frequently. According to estimates, the aforementioned elements will fuel market expansion.

The Asia Pacific market has a value of US$ 103.25 billion. As big consumers like China, Japan, and India are present, it is the main factor driving the market's expansion. The region's demand for metal is being driven by the expanding construction and automobile industries. The market is expanding in Europe as a result of factors like the introduction of legislation to reduce automobile emissions and the strong demand from end-use sectors like solar panels and packaging.

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Aluminum Market Size, Share, Growth Analysis, By Product (Sheet, Plate), By Alloy Type (Cast Alloy, Wrought Alloy), By End-use (Construction, Transportation), By Region - Industry Forecast 2025-2032

Aluminum Market Competitive Landscape

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Aluminum Market Size, Share, Growth Analysis, By Product (Sheet, Plate), By Alloy Type (Cast Alloy, Wrought Alloy), By End-use (Construction, Transportation), By Region - Industry Forecast 2025-2032

Aluminum Market Competitive Landscape

Aluminum Market Report Snapshots

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What is the global market size of Aluminum Market?

Who are the key vendors in the Aluminum Market?

What is the key driver of Aluminum Market?

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Which region accounted for the largest share in Aluminum Market?

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