Press release
Aluminum Market Share, Trends, Forecast 2026
Albany, NY - Global Aluminum Market: OverviewThe global aluminum market displays a highly consolidated vendor landscape with a handful of large players holding key share, states Transparency Market Research (TMR) in a new market study. Due to high price sensitivity of aluminum alloys, price wars are seen among existing manufacturers. This, in turn intensifies competition among players in the aluminum market.
Top players in the global aluminum market include Norsk Hydro ASA, Alcoa Corporation, Aluminum Corporation of China Limited, Emirates Global Aluminum PJSC, RUSAL, and Rio Tinto.
According to findings of the TMR report, the global aluminum market is predicted to display a healthy 5.6% CAGR between 2018 and 2026, for the market to be worth US$303.53 bn by 2026. The market stood at a valuation of US$188.24 bn in 2017.
On the basis of application, automotive is the key application segment of the aluminum market. With the exponential growth of the automotive industry post the economic recession of 2007, the aluminum industry is witnessing boost. This is because aluminum alloys are extensively used in the manufacture of automotive components. Geography-wise, Asia Pacific stood as the leading regional market for aluminum in 2017. Growth of the electronics industry in the region is a key factor behind the growth of aluminum industry in Asia Pacific.
Request A Sample Of Aluminum Market - https://www.transparencymarketresearch.com/sample/sample.php?flag=Srep_id=48957
Desire for Lightweight Automotive Components to enhance Vehicle Efficiency spurs Growth
Exponential growth of the automotive industry is a key factor driving the global aluminum market. With a spurt of technological and mechanical advancements in automotive that requires light-weight body, the future of the aluminum industry is bright. Players in the aluminum market are making efforts to develop lightweight aluminum alloys that fulfill these requirements.
Aluminum alloys in automotive present other advantages too. Mechanically, resistance experienced by vehicles impacts fuel consumption and CO2 emissions. As a rule of thumb, higher resistance results into greater thrust to move the vehicle resulting in increased CO2 emissions. Vehicle performance parameters such as rolling, acceleration resistance, and gradient are highly dependent on vehicle weight. Lightweight design of vehicles that employs lightweight materials such as aluminum can help lower CO2 emissions in automobiles.
Due to such tangible benefits, the use of aluminum in automobiles is likely to surge to a high degree. The use of aluminum body sheets is likely to rise by 110% over the next 10 years.
The growth of the construction sector worldwide has given impetus to the global aluminum market. Aluminum and aluminum alloys are some key materials in the buildings and construction industry. Aluminum and aluminum alloys are extensively used for the foundation of buildings. Aluminum is a material of choice for construction due to its performance properties such as design flexibility, durability, high reflectivity, high strength-to-weight ratio, and low maintenance.
More Trending Reports by Transparency Market Research – https://www.prnewswire.com/news-releases/global-paints–coatings-fillers-market-volume-to-reach-25-465-kilo-tons-by-2027-transparency-market-research-301007303.html
Favorable Physical Properties of Aluminum pushes Demand in Food Beverages
Expansion of the consumer goods industry is providing impetus to the aluminum market. Aluminum is used in a number of packaging solutions such as beverage cans, aerosol sprays, food containers, tubes, and bottles. In particular, the exponential growth of the food beverages industry is serving to boost the aluminum market. Aluminum is ideally suited for packaging solutions for food and beverages as it displays high strength, high durability, light weight, high recyclability, and resistance to moisture, gases, and light.
The review presented is based on the findings of a TMR report, titled “Aluminum Market (Product Form - Flat Products, Long Products, Forged Products, Cast Products; Manufacturing Process - Rolling, Extrusion, Forging, Casting; Application - Aerospace and Defense, Automotive, Building and Construction, Electrical and Electronics, Foils and Packaging, Industrial Machinery) - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2018 – 2026.”
Request for covid19 Impact Analysis - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19rep_id=48957
Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Aluminum Market Share, Trends, Forecast 2026 here
News-ID: 2383528 • Views: …
More Releases from Transparency Market Research
Global SiC Ceramics Market Poised for Robust Growth, Projected to Reach USD 3.1 …
The global silicon carbide (SiC) ceramics market continues to demonstrate strong growth potential, underpinned by accelerating demand from advanced industrial and electronic applications. Valued at US$ 1.8 Billion in 2024, the market is projected to reach US$ 3.1 Billion by 2035, expanding at a compound annual growth rate (CAGR) of 5.2% during the forecast period from 2025 to 2035. This steady expansion reflects the increasing importance of SiC ceramics as…
Furfuryl Alcohol Market to Reach USD 1.34 Billion by 2035, Supported by Rising D …
The global Furfuryl Alcohol Market was valued at US$ 624.3 million in 2024 and is projected to reach US$ 1,341.2 million by 2035, expanding at a compound annual growth rate (CAGR) of 7.2% from 2025 to 2035.
This growth is primarily driven by the rising demand for bio-based and sustainable chemicals, along with the steady expansion of the foundry and metal casting industry, particularly across emerging economies in Asia Pacific.
Gain a…
Air-Entraining Agents Market Outlook 2035: Forecast to Reach US$ 2.48 Billion by …
The global Air-Entraining Agents (AEAs) Market was valued at US$ 1.70 billion in 2024 and is projected to reach US$ 2.48 billion by 2035, expanding at a compound annual growth rate (CAGR) of 3.5% from 2025 to 2035. This steady growth trajectory reflects the essential role AEAs play in modern concrete formulations, particularly in infrastructure projects that demand long-term durability, freeze-thaw resistance, and improved workability.
Despite being a mature segment within…
A2P SMS Market Outlook 2035: Expanding from US$ 71.2 Bn in 2024 to US$ 117.0 Bn …
The global Application-to-Person (A2P) SMS market is entering a phase of steady and resilient expansion, driven by the growing need for secure, reliable, and real-time communication between enterprises and consumers. Valued at US$ 71.2 Bn in 2024, the market is projected to reach US$ 117.0 Bn by 2035, expanding at a CAGR of 4.2% from 2025 to 2035. Despite the rise of internet-based messaging platforms, A2P SMS continues to maintain…
More Releases for Aluminum
New Aluminum Material-Aluminum Foam Application Summary
Aluminum Foam [https://www.beihaicomposite.com/aluminum-foam-tag/] Characteristics
Ultra-lightness
The density is 0.2~0.4g/cm3, which is about 1/10 of the density of aluminum, 1/20 of the density of titaNium, 1/30 of the density of steel, 1/30 of the density of steel, and 1/3 of the density of wood.
Sound Absorbability
Aluminum foam [https://www.beihaicomposite.com/about-us/] can be used to muffle and reduce noise by absorbing sound energy through the vibration of the pores' walls.
Heat resistance
It has high heat resistance; the general…
5083 medium-thick aluminum plate 5083 marine aluminum plate 5083 automotive alum …
5083 aluminum plate（https://www.mingtai-al.com/5083-Aluminum-Sheet.html） is a typical aluminum-magnesium alloy with light weight and high strength. With its excellent performance, it can be widely used in many industries such as automobile manufacturing, shipbuilding and rail transportation. With the vigorous development of lightweight, the demand for 5083 medium-thick aluminum plate in aluminum tank trucks and marine aluminum plates has increased.
5083 medium-thick aluminum plate-5083 marine aluminum plate-5083 automotive aluminum plate manufacturer introduction
In recent years,…
Yocon Aluminum Announces Availability of 3003 Aluminum Coil
Yocon Aluminum, a leading supplier of aluminum coil products in China, today announced the availability of 3003 aluminum coil. The company's new product is made from high-quality, mill-finished 3003 alloy and features excellent formability, weldability, and corrosion resistance. It is ideally suited for a wide range of applications in the transportation, construction, and industrial markets. With its outstanding properties, 3003 aluminum coil is quickly becoming a preferred choice for customers…
Yocon Aluminum china factory offers 3003 Aluminum Coil
Yocon Aluminum china factory is proud to offer 3003 aluminum coil. This high-quality product is perfect for a variety of applications, and we are confident that you will be satisfied with its performance. We are committed to providing our customers with the best products and services possible, and we look forward to helping you meet your needs. Contact us today to learn more about our 3003 aluminum coil!
In an effort…
Yocon Aluminum Supplies Aluminum Foil Coils for Major Appliances
Yocon Aluminum, a leading manufacturer and supplier of aluminum foil coils, has announced that they are now supplying major appliance manufacturers with their high-quality aluminum foil coils. With over forty years of experience in the industry, Yocon Aluminum is known for their dedication to quality and customer satisfaction. Their products are used in a variety of applications, including air conditioners, refrigerators, and freezers. When it comes to choosing a supplier…
Aluminum Frp Market Size, Status and Global Outlook 2021-Shandong Nanshan Alumin …
The MarketInsightsReports has published the obtainability of a new statistical data to its repository titled as, Aluminum Frp market. The comprehensive report provides useful insights into Market growth, revenue, and market trends, in order to enable readers to gauge market scope more proficiently. Furthermore, the report also sheds light on recent developments and platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries.…
