Aluminum Market By Processing Method (Flat Rolled, Castings, Ingots, Extrusions, Forgings, Pigments & Powder, Rod & Bar) By Series (Series 1, Series 2, Series 3, Series 4, Series 5, Series 6, Series 7, Series 8) By End User Industry (Transport, Building & Construction, Electrical Engineering, Consumer Goods, Foil & Packaging, Machinery & Equipment Others) and Geography

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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.

Global Aluminum Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

6.1%

Largest Market

North-America

Fastest Growing Market

Asia-Pacific
Aluminum Market Dynamics

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.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Global Aluminum Market Segmentation

By Processing Type
  • Castings
  • Extrusions
  • Forgings
  • Rods and Bars
  • Sheets and Plates
  • Others
By End User
  • Automotive
  • Aerospace and Defense,
  • Building and Construction,
  • Electrical and Electronics,
  • Packaging Industrial
  • Others
By Geography
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

Frequently Asked Questions

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
  • 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

Adjacent Markets