Aluminum Market Report 2025 (Global Edition)

Global Aluminum Market Report 2025 Market Size Split by Type (Primary, Secondary), by Product Type (Rod and Bar, Flat Rolled, Castings, Extrusions, Forgings, Pigments & Powder), by End-User (Transport...

Aluminum Market Report Description

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Aluminum Market Insights Video

Competitive Landscape of the Aluminum Market

The aluminum market is highly competitive; these companies focus on expanding their production capacities, technological advancements, and sustainability initiatives. Competition centers around cost efficiency, product quality, and innovation. Strategic partnerships, acquisitions and mergers are common as firms strive to enhance market presence and capabilities. The market also sees significant participation from regional producers, contributing to its dynamic and evolving nature.

September 2023: Norsk Hydro ASA opened its new HyForge foundry line in the Rackwitz, Germany. The move responds to calls from auto industry to decarbonize by including recycled aluminum scrap into vehicle manufacturing. (Source:https://www.hydro.com/en/global/media/news/2023/new-casting-line-opens-in-rackwitz-to-meet-growing-demand-for-low-carbon-aluminium/) June 2023: Rio Tinto announced the plans to invest USD 1.1 billion to grow its "low carbon" aluminum smelter at the Jonquière Complex in Quebec, Canada. This decision will permit the company to increase its annual capacity by approx 160,000 tons of the primary product. (Source:https://www.riotinto.com/en/can/news/releases/2023/rio-tinto-to-expand-its-ap60-low-carbon-aluminium-smelter-in-quebec) February 2022: RusAL developed an optimized 5xxx series Aluminium alloy with the anodizing ability. The company started the production of this new alloy at its Bratsk Aluminium Smelter. Owing to the anodization of alloys, the final product is enclosed with a protective oxide film. This also improves the corrosion resistance of products, raising their service life and improving their aesthetic appearance. (Source:https://rusal.ru/en/press-center/press-releases/rusal-introduces-a-new-aluminium-alloy-for-anodising/)

Top Companies Market Share in Aluminum Industry: (In no particular order of Rank)

• RusAL (Russia)
• Aluminium Corporation of China Limited (CHALCO) (China)
• Rio Tinto (UK.)
• Alcoa Corporation (US.)
• Emirates Global Aluminium (UAE)
• Norsk Hydro ASA (Norway)
• Hindalco Industries Ltd. (India)
• Vedanta Aluminium & Power (India)
• China Hongqiao Group Limited (China)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Aluminum Market

Which Region Dominates the Aluminum Market in 2024?

According to Cognitive Market Research, North America dominated the market in the year 2024. It accounted for around 40% of the global revenue owing to its advanced manufacturing capabilities, significant demand from the automotive and the aerospace industries, and strong emphasis on sustainability and recycling. The region's robust infrastructure and technological innovation further support its leading position in the global aluminum industry.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Aluminum market due to rapid industrialization, urbanization, and significant demand from the automotive, construction, and electronics sectors, particularly in China and India. Increased infrastructure projects and government initiatives further drive growth, solidifying the region's dominance in aluminum production and consumption.

The current report Scope analyzes Aluminum Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Aluminum Market

According to Cognitive Market Research, the global Aluminum market size was estimated at USD 165845.2 Million, from which North America held the major market share of more than 40% of global revenue with a market size of USD 66338.3 million in the year 2024 and will grow at the compound annual growth rate (CAGR) of 4.4% from the year 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Aluminum market with a market size of USD 52340.75 million in the year 2024 and is foreseen to grow at the CAGR of 4.2% during the forecast years due to the increasing focus on lightweight materials and sustainability.
• The Canadian aluminum market had a market share of USD 7960.57 million in the year 2024 and is foreseen to grow at a CAGR of 5.2% during the forecast years due to the significant investments in infrastructure and sustainable building projects.
• The Mexico Aluminum market is foreseen to experience growth at a CAGR of 4.9% during the forecast years, with a market size of USD 6036.77 million in 2024.

Europe Aluminum Market

According to Cognitive Market Research, the global Aluminum market size was estimated at USD 165845.2 Million, out of which Europe held the market share of more than 30% of global revenue with the market size of USD 71761.7 million in the year 2024 and will rise at the compound annual growth rate (CAGR) of 4.7% from the year 2024 to 2031.

• The United Kingdom Aluminum market had a market share of USD 8358.60 million in 2024 and is foreseen to grow at a CAGR of 5.5% during the forecast years. In the UK, Aluminum sales witness an upswing due to the nation's push towards sustainable and energy-efficient solutions.
• The France Aluminum market is foreseen to experience growth at a CAGR of 3.9% during the forecast years, with a market size of USD 4577.33 million in 2024.
• According to Cognitive Market Research, the German Aluminum market size was valued at USD 9851.20 million in 2024 and is foreseen to rise at a CAGR of 4.9% during the forecast years. In Germany, Aluminum surged due to the advancements in the automotive and aerospace industries.
• The Italy Aluminum market is foreseen to experience growth at a CAGR of 4.1% during the forecast years, with a market size of USD 4278.8 million in 2024.
• The Russian aluminum market is foreseen to experience growth at a CAGR of 3.7% during the forecast years, with a market size of USD 7711.80 million in the year 2024.
• The Spain Aluminum market is foreseen to experience growth at a CAGR of 3.8% during the forecast years with a market size of USD 4079.79 million in 2024
• The Luxembourg Aluminum market is foreseen to experience growth at a CAGR of 4.8% during the forecast years, with a market size of USD 1542.36 million in 2024.
• The Portugal Aluminum market is foreseen to experience growth at a CAGR of 4.5% during the forecast years, with a market size of USD 1044.82 million in 2024.
• The Greece Aluminum market is foreseen to experience growth at a CAGR of 5.0% during the forecast years, with a market size of USD 597.04 million in 2024.
• Rest of Europe's Aluminum market is foreseen to experience growth at a CAGR of 3.4% during the forecast years, with a market size of USD 7711.8 million in 2024.

Asia Pacific Aluminum Market

According to Cognitive Market Research, the global Aluminum market size was estimated at USD 165845.2 Million, from which Asia Pacific held the market share of around 23% of global revenue with the market size of USD 38144.40 million in the year 2024 and will rise at the compound annual growth rate (CAGR) of 8.2% from the year 2024 to 2031.

• According to Cognitive Market Research, the China Aluminum market size was valued at USD 17164.98 million in the year 2024 and is foreseen to rise at a CAGR of 7.7% during the forecast years. Aluminum surged in China due to the rapid industrialization and urbanization.
• The Japan Aluminum market is foreseen to experience growth at the CAGR of 6.7% throughout the forecast years, with the market size of USD 5263.93 million in the year 2024.
• The India Aluminum market had a market share of USD 4577.33 million in the year 2024 and is foreseen to rise at the CAGR of 10.0% throughout the forecast years due to the rapid industrialization and booming construction and automotive sectors.
• The South Korean Aluminum market is foreseen to experience growth at the CAGR of 7.3% during the forecast years, with the market size of USD 3814.44 million in the year 2024.
• The Australian Aluminum market is foreseen to experience growth at the CAGR of 7.9% during the forecast years, with the market size of USD 1983.51 million in 2024.
• The South East Asia Aluminum market is foreseen to experience growth at a CAGR of 9.2% during the forecast years, with a market size of USD 2631.96 million in 2024.
• The Rest of Asia Pacific Aluminum market is foreseen to experience growth at a CAGR of 8.0% during the forecast years, with a market size of USD 2708.25 million in 2024.

South America Aluminum Market

According to Cognitive Market Research, the global Aluminum market size was estimated at USD 165845.2 Million, from which the Latin America market has more than 5% share of the global revenue with the market size of USD 13392.2 million in the year 2024 and will rise at the compound annual growth rate (CAGR) of 5.6% from the year 2024 to 2031. .

• According to Cognitive Market Research, the Brazil Aluminum market size was valued at USD 3549.09 million in the year 2024 and is foreseen to rise at the CAGR of 6.2% during the forecast years. Aluminum flourished in Brazil due to the favorable local production capabilities and government incentives for industrial growth.
• Argentina's Aluminum market had a market share of USD 1393.10 million in the year 2024 and is foreseen to grow at a CAGR of 6.5% during the forecast years due to the governmental investment in local production and export initiatives.
• Colombia Aluminum market is foreseen to experience growth at the CAGR of 5.4% during the forecast years, with a market size of USD 738.01 million in 2024.
• Peru Aluminum market is foreseen to experience growth at the CAGR of 5.8% during the forecast years, with a market size of USD 679.97 million in 2024.
• Chile Aluminum market is foreseen to experience growth at the CAGR of 5.9% during the forecast years, with a market size of USD 597.04 million in 2024.
• The Rest of Latin America's Aluminum market is foreseen to experience growth at a CAGR of 4.7% during the forecast years, with a market size of USD 1335.05 million in 2024.

Middle East Aluminum Market

According to Cognitive Market Research, the global Aluminum market size was estimated at USD 165845.2 Million, from which the Middle East and Africa held the major market share of around 2% of the global revenue with the market size of USD 3316.90 million in the year 2024 and will rise at the compound annual growth rate (CAGR) of 5.9% from the year 2024 to 2031..

• The GCC Countries Aluminum market is foreseen to experience growth at a CAGR of 6.7% during the forecast years, with a market size of USD 1419.63 million in 2024. Aluminum sales flourish due to infrastructure projects, construction demand, energy efficiency goals, and local production capacities.
• The Egypt Aluminum market is foreseen to experience growth at a CAGR of 6.2% during the forecast years, with the market size of USD 348.27 million in 2024.
• The South African aluminum market is foreseen to experience growth at a CAGR of 6.9% during the forecast years, with the market size of USD 524.07 million in 2024. Aluminum sales flourish in South Africa due to the infrastructure development, automotive demand, and mining industry needs.
• The Turkey Aluminum market is forecast to experience growth at the CAGR of 5.4% during the forecast year, with a market size of USD 285.25 million in 2024.
• The Nigeria Aluminum market is foreseen to experience growth at a CAGR of 5.0% during the forecast year, with a market size of USD 348.27 million in 2024.
• The Rest of the MEA Aluminum market is foreseen to experience growth at a CAGR of 4.9% during the forecast years, with a market size of USD 391.39 million in 2024.

Aluminum Market Analysis

How are Segments Performing in the Global Aluminum Market?

Aluminum Market Type Segment Analysis

According to Cognitive Market Research, primary aluminum is the dominant category over the projected period due to its foundational role in production of various aluminum products and its essential properties like strength, durability, and lightweight. It is the raw material for manufacturing secondary aluminum products and is crucial for high-performance applications in the automotive, aerospace, and construction industries. The consistent quality and high purity of primary aluminum make it preferred for critical applications, driving its dominance in the market.

Secondary aluminum is the fastest-growing category in the Aluminum market due to its lower environmental impact and cost efficiency compared to primary aluminum. The rising emphasis on sustainability, reduced energy consumption in recycling processes, and increasing regulatory pressures drive its growth. Its widespread use in various industries aligns with the global shift towards circular economies.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Aluminum Industry. Request a Free Sample PDF!

Aluminum Market Product Type Segment Analysis

According to Cognitive Market Research, the dominant category is flat-rolled aluminum due to its wide range of applications and versatility. It is extensively used in automotive, aerospace, packaging, and construction industries for its lightweight, corrosion-resistant, and high-strength properties. The ability to produce flat-rolled aluminum in various gauges and sizes makes it ideal for diverse applications, from automotive body panels to beverage cans and building facades.

The fastest-growing category in the Aluminum market is extrusions due to their versatility and efficiency in manufacturing complex shapes for various applications, including construction, automotive, and aerospace. The growing demand for customized and lightweight components drives the expansion of extrusion technology, making it increasingly popular for its cost-effectiveness and adaptability in meeting specific design requirements.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Aluminum End-User Segment Analysis

Aluminum Market End-User Segment Analysis

According to Cognitive Market Research, the dominant category is transportation due to the metal's lightweight and high-strength properties, which enhance fuel efficiency and reduce emissions in vehicles and aircraft. Aluminum's use in automotive frames, engine components, and aerospace structures drives significant demand as manufacturers seek to meet regulatory standards and improve performance.

The fastest-growing category in the Aluminum market is construction due to increasing demand for lightweight, durable, and corrosion-resistant materials in building projects. Aluminum's versatility and aesthetic appeal make it ideal for structural components, facades, and window frames. Additionally, its sustainability and energy efficiency align with modern architectural trends and green building standards, driving rapid growth.

• Transportation
• Building and Construction
• Electrical Engineering
• Consumer Goods
• Foil and Packaging
• Machinery and Equipment
• Others

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

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Profile

• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
• Proficient in primary research and handling client queries through mails and calls
• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
• Expertise in checking feasibility of projects based on Request for Proposal (RFPs) of clients
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Author's Conclusion