Aluminium Market Size to Worth USD 403.29 Billion by 2032 | CAGR of 6.2% during 2025-2032

Key companies covered in aluminium market report are RusAL, Aluminum Corporation of China Limited, Rio Tinto, Alcoa Corporation, Norsk Hydro ASA & Others.

PUNE, MAHARAHTRA, INDIA, February 17, 2025 /EINPresswire.com/ -- The global aluminium market size was valued at USD 229.85 billion in 2023. The industry is expected to expand from USD 249.83 billion in 2024 to USD 403.29 billion by 2032, exhibiting a CAGR of 6.2% over the study period 2025-2032.

Aluminium refers to the ductile, non-magnetic, and silvery-white metal that has a crucial role in modern commerce and industry. The market growth can be credited to the growing demand for products from OEMs and electric vehicles.

Fortune Business Insights™ offers these insights in its comprehensive research report titled “Aluminium Market Size, Share, Growth, and Forecast Report, 2025-2032.” The report provides an in-depth analysis of the aluminium market, including detailed forecasts and trends shaping its growth over the coming years.

𝐆𝐞𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐏𝐃𝐅:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/aluminium-market-100233

𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐜𝐨𝐩𝐞 & 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

Market Size Value in 2024: USD 249.83 billion
Market Size Value in 2032: USD 403.29 billion
Growth Rate: CAGR of 6.2% (2025-2032)
Base Year: 2023
Historical data: 2019-2022
Years considered for the study: 2019-2032
No. of Pages: 359

𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝘀 𝗖𝗼𝘃𝗲𝗿𝗲𝗱: By Product (Sheet, Plate, Cast Products, Extrusion, and Others), By Alloy Type (Cast Alloy and Wrought Alloy), By End-use (Construction, Transportation {Aerospace, Automotive, and Marine}, Packaging {Food & Beverages, Cosmetics, and Others}, Electrical, Consumer Durables, Machinery & Equipment, and Others)

𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗦𝗰𝗼𝗽𝗲: North America, Europe, Asia Pacific, Central & South America, Middle East & Africa

𝗚𝗿𝗼𝘄𝘁𝗵 𝗗𝗿𝗶𝘃𝗲𝗿𝘀: Rising Product Incorporation in the Automotive & Transportation Industries is the Current Trend | Increasing Popularity of Secondary Product to Aid Market Growth

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

Companies Focus on Capacity Expansions to Extend Their Geographical Footprint
Strategic initiatives such as joint ventures, mergers and acquisitions, and partnerships are being adopted by prominent companies to boost their position. Several companies are also opting for capacity expansion strategies to expand their geographical footing.

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐌𝐞𝐧𝐭𝐢𝐨𝐧𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
• RusAL (Russia)
• Aluminum Corporation of China Limited (CHALCO) (China)
• Rio Tinto (U.K.)
• Alcoa Corporation (U.S.)
• Emirates Global Aluminium (UAE)
• Norsk Hydro ASA (Norway)
• Hindalco Industries Ltd. (India)
• Vedanta Aluminium & Power (India)
• China Hongqiao Group Limited (China)

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

High Versatility of Cast Products to Foster the Segment Growth
In terms of product, the market is divided into cast products, plate, sheet, extrusion, and others. The cast products segment registered the largest aluminium market share in 2022. Products manufactured deploying cast aluminium have a high versatility. This factor is bolstering the cast products segment growth.

Surging Deployment of Wrought Alloy Boosted the Segment Growth
Based on alloy type, the market is classified into wrought alloy and cast alloy. The wrought alloy segment captured the largest share in 2022. The growing deployment of wrought alloy in different applications needs high material strength, including aircraft frames, pressure vessels, welding rods, and motorcycle frames, impelling the segment growth.

Increasing Adoption of Metal in the Automotive Industry Propelled the Transportation Segment Growth
In terms of end-use, the market is categorized into packaging, consumer durables, transportation, construction, machinery & equipment, electrical, and others. The transportation segment witnessed the largest share in 2022. The surging adoption of metal in the automotive industry, owing to its lightweight nature is poised to proliferate the transportation segment growth.

On the regional ground, the market is segregated into Latin America, the Middle East & Africa, North America, Europe, and the Asia Pacific.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐒𝐮𝐦𝐦𝐚𝐫𝐲 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐓𝐎𝐂:
https://www.fortunebusinessinsights.com/industry-reports/aluminium-market-100233

𝐊𝐞𝐲 𝐅𝐚𝐜𝐭𝐨𝐫𝐬 𝐃𝐫𝐢𝐯𝐢𝐧𝐠 𝐭𝐡𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐀𝐥𝐮𝐦𝐢𝐧𝐢𝐮𝐦 𝐌𝐚𝐫𝐤𝐞𝐭:
The global aluminium market is driven by several key factors, the first of which is the growing demand for lightweight materials. Aluminium’s high strength-to-weight ratio makes it an ideal choice for industries like automotive and aerospace, where fuel efficiency is crucial. As these sectors increasingly focus on reducing weight to improve fuel economy and performance, aluminium has become a go-to material for manufacturing vehicles and aircraft. Additionally, infrastructure development is a significant driver, especially in emerging markets. Rapid urbanization and the expansion of infrastructure such as roads, buildings, and transportation networks are boosting the demand for aluminium in construction and transportation sectors.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

Geographically, several regions are leading the charge in the global aluminium market. The Asia-Pacific region, particularly China and India, stands out due to rapid industrialization and urbanization, driving demand in sectors like construction, automotive, and packaging. North America, with strong markets in the U.S. and Canada, also plays a significant role, driven by demand from the automotive, aerospace, and construction industries, alongside a growing emphasis on sustainability. Europe, with key players like Germany and Russia, is expanding due to its robust automotive and aerospace sectors, as well as an increasing focus on recycling and eco-friendly solutions. These regions are set to continue shaping the global aluminium market, driven by a combination of technological innovations and growing industrial needs.

𝐑𝐞𝐜𝐞𝐧𝐭 𝐌𝐚𝐣𝐨𝐫 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐀𝐥𝐮𝐦𝐢𝐧𝐢𝐮𝐦 𝐌𝐚𝐫𝐤𝐞𝐭:

• China’s Export Tax Rebate Removal (November 2024): China removed the 13% VAT rebate on aluminium exports, which is expected to reduce export volumes and impact global aluminium prices.

• Alcoa’s Acquisition of Alumina Limited (November 2024): Alcoa completed the acquisition of Alumina Limited, strengthening its position in the global aluminium industry.

• U.S. Tariffs on Aluminium Imports (February 2025): The U.S. government imposed a 25% tariff on aluminium imports from Canada and Mexico, which is expected to disrupt global trade and aluminium prices.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠:
https://www.fortunebusinessinsights.com/enquiry/queries/aluminium-market-100233

𝐑𝐞𝐚𝐝 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
Aluminium Powder Market Size, Share, Growth and Forecast, 2032
High Strength Steel Market Share, Growth, Report, 2032

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