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In 2022, the total value of the global aluminium market was estimated at $159,38 billion. The market is expected to increase at a CAGR of 7.1% from USD 168.89 billion in 2023 to USD 255.98 billion by 2030. The extraordinary and devastating scale of the global COVID-19 pandemic has resulted in lower-than-anticipated demand for aluminium across all areas. Our research shows that international sales fell by 8.1% in 2020 compared to 2019.
Aluminium ranks as the second most malleable and sixth most ductile metal on the planet. It has a high degree of attraction to oxygen. It has a density of only 2.7g/cm3, is dust-proof, is highly conductive, and, when alloyed, shows remarkable strength. Its benign nature, ability to prolong food preservation, and antimicrobial effect make it a popular choice in the food and packaging as well as the pharmaceutical industries.
The global aluminium industry has been growing in response to China's expanding demand for this abundant basic metal. Most Chinese businesses are owned by the government. The nature and scope of many of these enterprises is rapidly evolving. As a result, it drives demand for additional aluminium. Aluminium is widely used in a variety of Chinese industries, including construction, packaging, transportation, and electricity. These four sectors account for a significant amount of China's annual aluminium consumption. The government is exerting significant effort to expand aluminium availability to manufacturers. The worldwide aluminium industry stands to benefit greatly from its findings. However, there are a few obstacles that are stopping the aluminium industry from growing on a global scale. The mining and refining of bauxite into aluminium, for example, have significant negative environmental impacts. As a result, many aluminium processors are responding by producing and selling recycled aluminium. This is likely to have a negative impact on the aluminium industry in the near and distant future.
Aluminium is a silvery metal with a low melting point and high flexibility; it is also nonmagnetic. Aluminium, represented by the letter Al, is the most abundant metal in the Earth's crust. Customers in the packaging, electrical, and aerospace industries have shown particularly high demand for metal. The rising demand for consumer packaged products and the rising prevalence of aluminium in automobiles as an alternative to stainless steel are the primary forces propelling the industry forward. Demand for electric vehicles and original equipment manufacturers are driving market growth. However, occasional mine closures are expected to disrupt the distribution system, which could slow the growth of the market.
Due to the ongoing COVID-19 outbreak, there is always a great deal of uncertainty in the market. The aluminium industry has been hit hard by the global economic slowdown and the accompanying decrease in manufacturing. Mining for bauxite ore has been put on hold for the time being. Consumer demand for semi-finished products is declining as a result of a shortage of industrial workers and a decline in demand from the aerospace and automobile industries.
Aluminium scrap may be repurposed to make things like truck cabs and automotive frames. Aluminium cans, on the other hand, tend to recycle into new aluminium cans. Furthermore, the purity of the metal is not diminished during recycling, therefore secondary Al can be recycled indefinitely. The ever-increasing need for these containers drives up the price of metal. Reusing containers also lessens the need for landfill space and the consumption of natural resources. Cans made from recycled metal consume about 95% less energy than those made from bauxite ore. About five percent of the power needed to create virgin Al is expended in the recycling process. Furthermore, any leftovers from the manufacturing process can be melted down and used again and again. This means that 75 percent of all Al metal ever created is still in use. More and more people are concerned about the environment, and they want their governments to do something about it. This has led to the adoption of new rules in many nations throughout the world. Growth in the industry could be limited by governments and organisations enforcing strict environmental restrictions.
Report Coverage
Global Aluminium research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Aluminium report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Aluminium competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Aluminium market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Aluminium market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Aluminium market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
CHINA HONGQIAO GROUP LTD., NORSK HYDRO ASA, ALUMINIUM CORPORATION OF CHINA LIMITED (CHALCO), CHINA POWER INVESTMENT CORP. (CPI), ALCOA CORPORATION, RIO TINTO ALCAN INC., UNITED COMPANY RUSAL PLC, XINFA GROUP CO., LTD., EMIRATES GLOBAL ALUMINIUM PJSC, EAST HOPE GROUP COMPANY LIMITED
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Aluminium market based on the below-mentioned segments:
Global Aluminium Market, By Product
Sheet
Plate
Cast Products
Extrusion
Others
Global Aluminium market, By Alloy Type
Cast Alloy
Wrought Alloy
Global Aluminium Market, By End User
Construction
Transportation
Packaging
Electrical
Consumer Durables
Machinery & Equipment
Others
Global Aluminium market, Regional Analysis
Aluminium ranks as the second most malleable and sixth most ductile metal on the planet. It has a high degree of attraction to oxygen. It has a density of only 2.7g/cm3, is dust-proof, is highly conductive, and, when alloyed, shows remarkable strength. Its benign nature, ability to prolong food preservation, and antimicrobial effect make it a popular choice in the food and packaging as well as the pharmaceutical industries.
The global aluminium industry has been growing in response to China's expanding demand for this abundant basic metal. Most Chinese businesses are owned by the government. The nature and scope of many of these enterprises is rapidly evolving. As a result, it drives demand for additional aluminium. Aluminium is widely used in a variety of Chinese industries, including construction, packaging, transportation, and electricity. These four sectors account for a significant amount of China's annual aluminium consumption. The government is exerting significant effort to expand aluminium availability to manufacturers. The worldwide aluminium industry stands to benefit greatly from its findings. However, there are a few obstacles that are stopping the aluminium industry from growing on a global scale. The mining and refining of bauxite into aluminium, for example, have significant negative environmental impacts. As a result, many aluminium processors are responding by producing and selling recycled aluminium. This is likely to have a negative impact on the aluminium industry in the near and distant future.
Aluminium is a silvery metal with a low melting point and high flexibility; it is also nonmagnetic. Aluminium, represented by the letter Al, is the most abundant metal in the Earth's crust. Customers in the packaging, electrical, and aerospace industries have shown particularly high demand for metal. The rising demand for consumer packaged products and the rising prevalence of aluminium in automobiles as an alternative to stainless steel are the primary forces propelling the industry forward. Demand for electric vehicles and original equipment manufacturers are driving market growth. However, occasional mine closures are expected to disrupt the distribution system, which could slow the growth of the market.
Due to the ongoing COVID-19 outbreak, there is always a great deal of uncertainty in the market. The aluminium industry has been hit hard by the global economic slowdown and the accompanying decrease in manufacturing. Mining for bauxite ore has been put on hold for the time being. Consumer demand for semi-finished products is declining as a result of a shortage of industrial workers and a decline in demand from the aerospace and automobile industries.
Aluminium scrap may be repurposed to make things like truck cabs and automotive frames. Aluminium cans, on the other hand, tend to recycle into new aluminium cans. Furthermore, the purity of the metal is not diminished during recycling, therefore secondary Al can be recycled indefinitely. The ever-increasing need for these containers drives up the price of metal. Reusing containers also lessens the need for landfill space and the consumption of natural resources. Cans made from recycled metal consume about 95% less energy than those made from bauxite ore. About five percent of the power needed to create virgin Al is expended in the recycling process. Furthermore, any leftovers from the manufacturing process can be melted down and used again and again. This means that 75 percent of all Al metal ever created is still in use. More and more people are concerned about the environment, and they want their governments to do something about it. This has led to the adoption of new rules in many nations throughout the world. Growth in the industry could be limited by governments and organisations enforcing strict environmental restrictions.
Report Coverage
Global Aluminium research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Aluminium report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Aluminium competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Aluminium market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | CHINA HONGQIAO GROUP LTD., NORSK HYDRO ASA, ALUMINIUM CORPORATION OF CHINA LIMITED (CHALCO), CHINA POWER INVESTMENT CORP. (CPI), ALCOA CORPORATION, RIO TINTO ALCAN INC., UNITED COMPANY RUSAL PLC, XINFA GROUP CO., LTD., EMIRATES GLOBAL ALUMINIUM PJSC, EAST HOPE GROUP COMPANY LIMITED |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Aluminium Market from 2021 to 2030.
- Market Forecast for Aluminium Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Aluminium competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Aluminium
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Aluminium market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Aluminium market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
CHINA HONGQIAO GROUP LTD., NORSK HYDRO ASA, ALUMINIUM CORPORATION OF CHINA LIMITED (CHALCO), CHINA POWER INVESTMENT CORP. (CPI), ALCOA CORPORATION, RIO TINTO ALCAN INC., UNITED COMPANY RUSAL PLC, XINFA GROUP CO., LTD., EMIRATES GLOBAL ALUMINIUM PJSC, EAST HOPE GROUP COMPANY LIMITED
Primary Target Market
- Market Players of Aluminium
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Aluminium market based on the below-mentioned segments:
Global Aluminium Market, By Product
Sheet
Plate
Cast Products
Extrusion
Others
Global Aluminium market, By Alloy Type
Cast Alloy
Wrought Alloy
Global Aluminium Market, By End User
Construction
Transportation
Packaging
Electrical
Consumer Durables
Machinery & Equipment
Others
Global Aluminium market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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