- Castings
- Extrusions
- Forgings
- Rods and Bars
- Sheets and Plates
- Others
Aluminum Market size was valued at USD 162.1 billion in 2022 and is poised to grow at a significant CAGR of 6.1% from 2023-2029. Aluminum is used to make cans, foils, culinary utensils, window frames, beer kegs, and aeroplane components. Aluminum is chosen for packaging purposes over other materials like glass and plastic due to its unique characteristics like low density, non-toxic, good thermal conductivity, corrosion resistance, and can be cast, machined, and shaped with ease. Players are focused to expand their production capacity by establishing new plants. For instance, Ball Corporation intends to begin the construction of a new production facility in Czech Republic to expand to aluminum production capacity. Increasing demand for aluminum from end-user industries, stringent regulations on plastic usage, investments by the companies to enhance the production capacities and technological advancements in aluminum production are expected to increase the revenue of the market over the forecast years.
Key Developments:
In May 2020, Amcor is a global leader in packaging solutions partnered with coffee producer Dualit on the development of their recyclable Aluminum coffee capsules.
In 2019, Tecnocap Group entered a partnership with Sauce Connection and produced aluminum refill bottles and introduced PURE aluminum bottles & aerosol can made of 100% recycled aluminum.
Study Period
Base Year
CAGR
Largest Market
Fastest Growing Market
Increased demand for aluminum in automobile industries and replacing it with the traditional stainless-steel materials in various manufacturing industries has increased the demand for aluminum. Automobile manufacturers are using aluminum to reduce the weight of the vehicle and improve the driving quality, performance, and durability of the vehicles. Automobile manufacturers such as Mercedes and Audi are largely substituting stainless steel with aluminum to reduce their car weight and increase the performance of the car.
The aluminum market size was valued at USD 162.1 million in 2022
The aluminum market key players are: Alcoa Corp. Aluminum Corp. of China Ltd. China Hongqiao Group Ltd. Emirates Global Aluminum PJSC, National Aluminum Co. Ltd. Kaiser Aluminum Corp. Norks Hydro ASA Rio Tinto Ltd. United Company Rusal Plc Xinfa Group Co. Ltd. Ball Carporation
The aluminum market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
1. Executive Summary |
2. Global Aluminum Market Introduction |
2.1. Global Aluminum Market – Taxonomy |
2.2. Global Aluminum Market –Definitions |
2.2.1. By Processing Method |
2.2.2. By Series |
2.2.3. By End User Industry |
3. Global Aluminum Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Global Aluminum Market Dynamic Factors - Impact Analysis |
3.6. Global Aluminum Market – Competition Landscape |
4. Global Aluminum Market Analysis,2018 - 2022 and Forecast, 2023 - 2029 |
4.1. Market Analysis,2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Global Aluminum Market, By Processing Method, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.1. Flat Rolled |
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Castings |
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Extrusions |
5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Forgings |
5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
5.5. Pigments & Powder |
5.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.5.3. Market Opportunity Analysis |
5.6. Rod & Bar |
5.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.6.3. Market Opportunity Analysis |
6. Global Aluminum Market Forecast, By Series, 2018 - 2022 and Forecast, 2022 – 2028 (Revenue, USD Mn) |
6.1. Series 1 |
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Series 2 |
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Series 3 |
6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Series 4 |
6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
6.5. Series 5 |
6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.5.3. Market Opportunity Analysis |
6.6. Series 6 |
6.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.6.3. Market Opportunity Analysis |
6.7. Series 7 |
6.7.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
6.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.7.3. Market Opportunity Analysis |
6.8. Series 8 |
6.8.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
6.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.8.3. Market Opportunity Analysis |
7. Global Aluminum Market Forecast, By End User Industry, 2018 - 2022 and Forecast, 2022 – 2028 (Revenue, USD Mn) |
7.1. Transport |
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Building & Construction |
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Electrical Engineering |
7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Consumer Goods |
7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. Foil & Packaging |
7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
7.6. Machinery & Equipment |
7.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.6.3. Market Opportunity Analysis |
7.7. Others (Solar Panel Nanotechnology and Aluminum Air Batteries) |
7.7.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
7.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.7.3. Market Opportunity Analysis |
8. Global Aluminum Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
8.1. North America |
8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Europe |
8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Asia-Pacific |
8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Latin America |
8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Middle East and Africa |
8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
8.6. Global Aluminum Market - Opportunity Analysis Index, By Processing Method, By Series, End User Industry and Region, 2023 - 2029 |
9. North America AluminumMarketAnalysis,2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
9.1. Processing Method Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
9.1.1. Flat Rolled |
9.1.2. Castings |
9.1.3. Extrusions |
9.1.4. Forgings |
9.1.5. Pigments & Powder |
9.1.6. Rod & Bar |
9.2. Series Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
9.2.1. Series 1 |
9.2.2. Series 2 |
9.2.3. Series 3 |
9.2.4. Series 4 |
9.2.5. Series 5 |
9.2.6. Series 6 |
9.2.7. Series 7 |
9.2.8. Series 8 |
9.3. End User Industry Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
9.3.1. Transport |
9.3.2. Building & Construction |
9.3.3. Electrical Engineering |
9.3.4. Consumer Goods |
9.3.5. Foil & Packaging |
9.3.6. Machinery & Equipment |
9.3.7. Others (Solar Panel Nanotechnology and Aluminum Air Batteries) |
9.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
9.4.1. USA |
9.4.2. Canada |
9.5. North America Aluminum Market - Opportunity Analysis Index, By Processing Method, By Series, End User Industry and Country, 2023 - 2029 |
9.6. North America Aluminum Market Dynamics – Trends |
10. Europe Aluminum Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
10.1. Processing Method Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
10.1.1. Flat Rolled |
10.1.2. Castings |
10.1.3. Extrusions |
10.1.4. Forgings |
10.1.5. Pigments & Powder |
10.1.6. Rod & Bar |
10.2. Series Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
10.2.1. Series 1 |
10.2.2. Series 2 |
10.2.3. Series 3 |
10.2.4. Series 4 |
10.2.5. Series 5 |
10.2.6. Series 6 |
10.2.7. Series 7 |
10.2.8. Series 8 |
10.3. End User Industry Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
10.3.1. Transport |
10.3.2. Building & Construction |
10.3.3. Electrical Engineering |
10.3.4. Consumer Goods |
10.3.5. Foil & Packaging |
10.3.6. Machinery & Equipment |
10.3.7. Others (Solar Panel Nanotechnology and Aluminum Air Batteries) |
10.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
10.4.1. Germany |
10.4.2. UK |
10.4.3. France |
10.4.4. Spain |
10.4.5. Italy |
10.4.6. Russia |
10.4.7. Poland |
10.4.8. Rest of Europe |
10.5. Europe Aluminum Market - Opportunity Analysis Index, By Processing Method, By Series, End User Industry and Country,2023 - 2029 |
10.6. Europe Aluminum Market Dynamics – Trends |
11. Asia-Pacific Aluminum Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
11.1. Processing Method Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
11.1.1. Flat Rolled |
11.1.2. Castings |
11.1.3. Extrusions |
11.1.4. Forgings |
11.1.5. Pigments & Powder |
11.1.6. Rod & Bar |
11.2. Series Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
11.2.1. Series 1 |
11.2.2. Series 2 |
11.2.3. Series 3 |
11.2.4. Series 4 |
11.2.5. Series 5 |
11.2.6. Series 6 |
11.2.7. Series 7 |
11.2.8. Series 8 |
11.3. End User Industry Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
11.3.1. Transport |
11.3.2. Building & Construction |
11.3.3. Electrical Engineering |
11.3.4. Consumer Goods |
11.3.5. Foil & Packaging |
11.3.6. Machinery & Equipment |
11.3.7. Others (Solar Panel Nanotechnology and Aluminum Air Batteries) |
11.4. Country Analysis2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
11.4.1. Japan |
11.4.2. China |
11.4.3. India |
11.4.4. ASEAN |
11.4.5. Australia & New Zealand |
11.4.6. Rest of Asia-Pacific |
11.5. Asia-Pacific Aluminum Market - Opportunity Analysis Index, By Processing Method, By Series, End User Industry and Country,2023 - 2029 |
11.6. Asia-Pacific Aluminum Market Dynamics – Trends |
12. Latin America Aluminum Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
12.1. Processing Method Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
12.1.1. Flat Rolled |
12.1.2. Castings |
12.1.3. Extrusions |
12.1.4. Forgings |
12.1.5. Pigments & Powder |
12.1.6. Rod & Bar |
12.2. Series Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
12.2.1. Series 1 |
12.2.2. Series 2 |
12.2.3. Series 3 |
12.2.4. Series 4 |
12.2.5. Series 5 |
12.2.6. Series 6 |
12.2.7. Series 7 |
12.2.8. Series 8 |
12.3. End User Industry Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
12.3.1. Transport |
12.3.2. Building & Construction |
12.3.3. Electrical Engineering |
12.3.4. Consumer Goods |
12.3.5. Foil & Packaging |
12.3.6. Machinery & Equipment |
12.3.7. Others (Solar Panel Nanotechnology and Aluminum Air Batteries) |
12.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
12.4.1. Brazil |
12.4.2. Mexico |
12.4.3. Argentina |
12.4.4. Rest of Latin America |
12.5. Latin America Aluminum Market - Opportunity Analysis Index, By Processing Method, By Series, End User Industry and Country,2023 - 2029 |
12.6. Latin America Aluminum Market Dynamics – Trends |
13. Middle East and Africa Aluminum Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
13.1. Processing Method Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
13.1.1. Flat Rolled |
13.1.2. Castings |
13.1.3. Extrusions |
13.1.4. Forgings |
13.1.5. Pigments & Powder |
13.1.6. Rod & Bar |
13.2. Series Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.2.1. Series 1 |
13.2.2. Series 2 |
13.2.3. Series 3 |
13.2.4. Series 4 |
13.2.5. Series 5 |
13.2.6. Series 6 |
13.2.7. Series 7 |
13.2.8. Series 8 |
13.3. End User Industry Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.3.1. Transport |
13.3.2. Building & Construction |
13.3.3. Electrical Engineering |
13.3.4. Consumer Goods |
13.3.5. Foil & Packaging |
13.3.6. Machinery & Equipment |
13.3.7. Others (Solar Panel Nanotechnology and Aluminum Air Batteries) |
13.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
13.4.1. Gulf Cooperation Council (GCC) Countries |
13.4.2. Israel |
13.4.3. South Africa |
13.4.4. Rest of MEA |
13.5. MEA Aluminum Market - Opportunity Analysis Index, By Processing Method, By Series, End User Industry and Country,2023 - 2029 |
13.6. MEA Aluminum Market Dynamics – Trends |