Automotive Industry's Surge Fueling Aluminum Market Growth: Core Growth Enabler in the Aluminum Market, 2025

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

How Large Will the Aluminum Market Size By 2025?
The size of the aluminum market has experienced robust growth in the last few years. The expansion from $179.64 billion in 2024 to $193.08 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 7.5%, signifies this. The historical growth has been influenced by factors such as the effect of the industrial revolution, utilization in the automotive industry, demand from the aerospace industry, the use of aluminum in packaging, and its necessity for electrical transmission.

How Big Is the Aluminum Market Size Expected to Grow by 2029?
The size of the aluminium market is predicted to expand significantly in the upcoming years, reaching a value of $251.35 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 6.8%. This expected growth during the forecast period can be accounted for by several factors including advancements in aluminium recycling, green manufacturing initiatives, the increasing adoption of electric vehicles, growth in construction and infrastructure, evolving packaging industry norms, and increased demand from the aerospace industry. Key trends to watch during the forecast period comprise the use of aluminium in 3D printing, innovations in aluminium alloys, urbanization and the booming construction sector, renewable energy initiatives, and a trend towards aluminum packaging.

View the full report here:
https://www.thebusinessresearchcompany.com/report/aluminum-global-market-report

Which Key Market Drivers Powering Aluminum Market Expansion and Growth?
The expansion of the aluminum market in the future is anticipated to be fueled by rising demand from the automotive industry. This industry encompasses a range of businesses and organizations that are involved in the building, manufacturing, marketing, and selling of automobiles. The use of large quantities of aluminum in the burgeoning automotive sector, due to its offering of durability and aesthetic appeal, propels this growth. For example, the Brussels-based European Automobile Manufacturers Association reported in May 2023, that there was a surge in global motor vehicle production in 2022, reaching 85.4 million units, denoting an uptick of 5.7% compared to 2021. Therefore, the swift expansion of the auto industry is significantly contributing to the growth of the aluminum market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8829&type=smp

Which Fast-Growing Trends Are Poised to Disrupt the Aluminum Market?
Developments in material production have become a primary trend gaining traction in the aluminum market. Key participants are focusing their resources on establishing innovative materials to uphold their status in the aluminum market. Namely, Vedanta Aluminum Limited, a renowned metal mining business in India that specializes in aluminum creation, unveiled a green aluminum product named Restora in February 2022. Restora showcases a low carbon footprint, is produced using an aluminum smelter powered by renewable energy, and leaves minimal environmental pollution.

What Are the Emerging Segments in the Aluminum Market?
The aluminum market covered in this report is segmented -

1) By Product Type: Primary Aluminum, Secondary Aluminum
2) By Processing Method: Flat rolled, Castings, Extrusions, Forgings, Pigments and Powder, Rod and Bar
3) By End-user: Construction, Transportation, Packaging, Electrical, Consumer durables, Machinery and Equipment, Other End-users

Subsegments:
1) By Primary Aluminum: Primary Aluminum Ingots, Primary Aluminum Billets, Primary Aluminum Sheets and Plates, Primary Aluminum Extrusions
2) By Secondary Aluminum: Recycled Aluminum Ingots, Aluminum Alloys from Scr*ap, Secondary Aluminum Sheets and Plates, Secondary Aluminum Extrusions

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=8829&type=smp

Who Are the Global Leaders in the Aluminum Market?
Major companies operating in the aluminum market include BHP Group Limited, Hulamin Limited, Rio Tinto plc, Hindalco Industries Limited, Norsk Hydro ASA, Aluminum Corporation of China Limited, China Hongqiao Group Limited, Vedanta Resources Limited, Novelis Inc., Reliance Steel & Aluminum Co., Alcoa Corporation, United Company RUSAL Plc, Arconic Inc., Constellium SE, Emirates Global Aluminium PJSC, Orkla ASA, Vimetco N.V., Kaiser Aluminum Corporation, Century Aluminum Company, Aluminium Bahrain B.S.C., Alumetal S.A., Hydro Extrusion USA LLC, Metal Exchange Corporation, Gulf Aluminium Rolling Mill B.S.C., Assan Aluminyum Sanayi ve Ticaret A.S., East Hope Group Company Limited, Dubai Aluminium Company Limited, Shandong Xinfa Aluminum Co. Ltd., China Zhongwang Holdings Limited

Which are the Top Profitable Regional Markets for the Aluminum Industry?
Asia-Pacific was the largest region in the aluminum market in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the aluminum market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8829

This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.