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 size was valued at USD 179.9 Billion in 2023 and is poised to grow from USD 189.25 Billion in 2024 to USD 269.87 Billion by 2032, growing at a CAGR of 5.2% during the forecast period (2025-2032).

The global aluminum industry has been growing due to China's quickly increasing need for this plentiful base metal. In China, the bulk of industries are owned by the government. Many of these companies are rapidly growing and evolving. Consequently, it increases the need for Aluminum. Aluminum is widely used in China's construction, packaging, transportation, and electrical sectors, to name a few. These four industries collectively use the majority of the Aluminum that the Chinese industry uses annually. The government is working very hard to make aluminum more available to industrialists. Its outcomes are expected to have a substantial impact on the growth of the global aluminum market.

Nevertheless, there are a few issues that are keeping the global aluminum sector from growing. One of them is the fact that producing aluminum from bauxite through mining and processing is not at all environmentally friendly. In response to this reality, several Aluminum refineries produce and market secondary Aluminum. Long- and short-term market growth for Aluminum are forecasted to be hampered by this.

US Aluminum Market is poised to grow at a sustainable CAGR for the next forecast year.