Aluminium Market Share, Growth, and Trends Report 2025-2033

Market Overview:

The aluminium market is experiencing rapid growth, driven by demand from electric vehicles and lightweight automotive components, push for sustainable and recycled aluminium, and infrastructure and construction boom. According to IMARC Group's latest research publication, Aluminium Market Report by Series (Series 1, Series 2, Series 3, Series, 4, Series 5, Series 6, Series 7, Series 8), Processing Method (Flat Rolled, Castings, Extrusions, Forgings, Pigments and Powder, Rod and Bar), End Use Industry (Transport, Building and Construction, Electrical Engineering, Consumer Goods, Foil and Packaging, Machinery and Equipment, and Others), and Region 2025-2033.The global aluminium market size reached72.1 Million Tonsin 2024. Looking forward, IMARC Group expects the market to reach107.1 Million Tonsby 2033, exhibiting a growth rate(CAGR) of 4.1%during 2025-2033.

This detailed analysis primarily encompasses industry size, business trends, market share, key growth factors, and regional forecasts. The report offers a comprehensive overview and integrates research findings, market assessments, and data from different sources. It also includes pivotal market dynamics like drivers and challenges, while also highlighting growth opportunities, financial insights, technological improvements, emerging trends, and innovations. Besides this, the report provides regional market evaluation, along with a competitive landscape analysis.

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Our report includes:

• Market Dynamics
• Market Trends And Market Outlook
• Competitive Analysis
• Industry Segmentation
• Strategic Recommendations

Growth Factors Driving the Aluminium Industry

• Demand from Electric Vehicles and Lightweight Automotive Components:

The aluminium industry is thriving due to soaring demand from the automotive sector, especially for electric vehicles (EVs). Aluminiums lightweight yet strong properties make it perfect for reducing vehicle weight, boosting EV range, and cutting emissions. For instance, about 1.5 million tons of aluminium industrial cylinders were produced globally in 2024, driven by automotive needs. Companies like Rio Tinto are partnering with automakers like BMW to supply low-carbon aluminium made with hydropower, reducing CO? emissions by up to 70%. This aligns with global sustainability goals, pushing manufacturers to favor aluminium over heavier materials. Indias vision to expand its aluminium sector by 2047 also emphasizes its role in e-mobility, with government backing for increased bauxite production to meet this demand.

• Push for Sustainable and Recycled Aluminium:

Sustainability is a massive driver for aluminium growth, as industries prioritize eco-friendly materials. Recycled aluminium, which uses just 5% of the energy needed for primary production, is in high demand, with global recycling rates hitting 76%. The packaging, construction, and automotive sectors are leaning heavily on recycled aluminium to meet strict environmental regulations. For example, Emirates Global Aluminium is ramping up its CelestiAL solar aluminium supply for Hyundai Mobis, showcasing a shift toward low-carbon production. Government policies, like Indias aluminium vision document, promote secondary refining and recycling to reduce import reliance. This focus on a circular economy not only cuts costs but also appeals to environmentally conscious consumers, driving market expansion as companies invest in greener technologies.

• Infrastructure and Construction Boom:

The global construction boom is fueling aluminium demand due to its durability, corrosion resistance, and versatility. Urbanization in regions like Asia-Pacific, which accounts for 45% of global aluminium cylinder production, is a key factor. Aluminium extrusions are widely used in buildings, bridges, and renewable energy infrastructure like solar panels. Chinas massive housing and infrastructure projects are a prime example, consuming vast amounts of aluminium. Indias government is also pushing for a 10% global aluminium market share by 2047, with plans to boost bauxite production to 50 million tonnes annually by 2030. Companies like Vedanta are embracing Industry 4.0 technologies, such as AI and automation, to scale production efficiently, ensuring aluminium remains a go-to material for modern construction projects worldwide.

Trends in the Global Aluminium Market

• Rise of Carbon-Neutral Aluminium Production:

The aluminium industry is shifting toward carbon-neutral production to meet global climate goals. Companies like Hydro and Rio Tinto are pioneering technologies like ELYSIS and HalZero, which aim to eliminate CO? emissions during smelting. For example, Rio Tintos partnership with BMW uses hydropower and recycled content to cut emissions by up to 70%. This trend is driven by stricter regulations and consumer demand for sustainable products. Globally, recycled aluminium is expected to make up 42% of production by 2030, reflecting a focus on low-carbon processes. This not only reduces environmental impact but also positions companies as leaders in green innovation, appealing to eco-conscious markets and boosting their competitive edge in industries like automotive and packaging.

• Aluminium-Scandium Alloys in Aerospace and Defense:

Aluminium-scandium alloys are gaining traction in aerospace and defense due to their superior strength and lightweight properties. The global aluminium-scandium market was valued at $88.1 million in 2024, with demand soaring for high-performance applications. These alloys improve weldability and durability, making them ideal for aircraft and military equipment where weight reduction is critical. Companies like RUSAL are investing heavily in these alloys, driven by rising orders from aerospace giants. This trend highlights the industrys focus on advanced metallurgy, with scandium-enhanced aluminium enabling faster, more fuel-efficient planes. As defense budgets grow and aerospace innovation accelerates, these alloys are becoming a game-changer, opening new revenue streams for aluminium producers.

• Integration of Industry 4.0 Technologies:

The aluminium sector is embracing Industry 4.0, using AI, digitalization, and automation to boost efficiency and cut costs. Vedanta, producing 2.42 million tonnes of aluminium in FY25, is integrating these technologies to streamline operations and enhance sustainability. High-pressure die casting, used for complex automotive parts, is also benefiting from advanced simulation tools, improving precision and reducing waste. This trend is critical as the industry faces volatile pricescurrently at $2,603 per tonne on the London Metal Exchangeand supply chain challenges. By adopting smart manufacturing, companies can optimize production and meet rising demand from sectors like construction and EVs, ensuring they stay competitive in a rapidly evolving global market.

The aluminium marketreport provides a comprehensive overview of the industry. This analysis is essential for stakeholders aiming to navigate the complexities of the biochar market and capitalize on emerging opportunities.

Leading Companies Operating in the Global Aluminium Industry:

• Alcoa Corporation
• Aluminium Bahrain BSC
• Century Aluminium Company
• China Hongqiao Group Limited
• East Hope Group
• Emirates Global Aluminium PJSC
• Kaiser Aluminium
• Norsk Hydro ASA
• Novelis Inc. (Hindalco Industries Limited)
• Rio Tinto Ltd.
• Vedanta limited

Aluminium Market Report Segmentation:

By Series:

• Series 1
• Series 2
• Series 3
• Series 4
• Series 5
• Series 6
• Series 7
• Series 8

Series 3 represents the largest segment due to its versatile properties, including good formability, moderate strength, and corrosion resistance, making it suitable for a wide range of applications in various industries.

By Processing Method:

• Flat Rolled
• Castings
• Extrusions
• Forgings
• Pigments and Powder
• Rod and Bar

Extrusions account for the majority of the market share owing to their widespread use in construction, automotive, and consumer goods industries, offering flexibility in design, lightweight characteristics, and ease of fabrication.

By End Use Industry:

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

Building and construction exhibits a clear dominance in the market as the lightweight, corrosion-resistant, and recyclable properties of aluminium make it a preferred material for architectural structures, window frames, roofing, and facades in the construction sector.

Regional Insights:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Asia Pacific enjoys the leading position in the aluminum market on account of rapid industrialization, urbanization, and infrastructure development in countries like China and India.

Research Methodology:

The report employs a comprehensive research methodology, combining primary and secondary data sources to validate findings. It includes market assessments, surveys, expert opinions, and data triangulation techniques to ensure accuracy and reliability.

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About Us:

IMARC Group is a global management consulting firm that helps the worlds most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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