Aluminum Industry Sector (PDF) Review: Market Growth, Key Players & Market Size Analysis | Leading Players - United Company RUSAL, ALUMINUM CORPORATION OF CHINA LIMITED, Rio Tinto Group of Companies, Alcoa Corporation, Norsk Hydro ASA

Aluminum Market size reached US$ 231.82 billion in 2024 and is expected to reach US$ 401.60 billion by 2032, growing with a CAGR of 7.11% during the forecast period 2025-2032

DataM Intelligence unveils its latest report on the "Aluminium Market Size 2025," offering an in-depth analysis of market trends, growth drivers, competitive landscape, and regional dynamics. The study covers market size in value and volume, CAGR forecasts, and emerging opportunities that can guide businesses in seizing growth potential and crafting winning strategies. Packed with data-driven insights on current developments and future trends, this report is essential for companies aiming to stay ahead in the competitive Market.

In the U.S., the Bipartisan Infrastructure Law allocates over US$ 1.2 trillion for transportation, energy, and broadband projects, driving demand for aluminum in construction and electrical applications. Similarly, India's National Infrastructure Pipeline plans US$ 1.4 trillion in investments through 2025, supporting aluminum use in railways, power transmission, and smart cities.

Aluminum production is highly energy-intensive, with energy costs making up about one-third of total expenses, contributing to high production costs and substantial greenhouse gas emissions. The industry is responsible for roughly 2% of global GHG emissions, equivalent to approximately 1.1 billion tons of CO2 annually.

Global primary aluminum production reached 70 million tons, led by China (41 million tons), followed by India, Russia, and Canada, highlighting aluminum's importance in transportation, packaging, construction, and electrical transmission.

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Impact of US Aluminum Tariffs

The 25% U.S. tariff on aluminum imports reshaped global trade Canada, supplying ~85% of U.S. imports, redirected exports to Europe, boosting supply and pushing Rotterdam prices down from US$ 370 to 320-330/ton. Meanwhile, U.S. domestic prices rose, with the Platts Midwest premium climbing from 18.8 to 23.8 cents/lb as markets anticipated tighter supply.

List of Top Key Player:

United Company RUSAL, ALUMINUM CORPORATION OF CHINA LIMITED, Rio Tinto Group of Companies, Alcoa Corporation, Norsk Hydro ASA, Emirates Global Aluminium PJSC, Vedanta Limited, China Hongqiao Group Limited, Century Aluminum Company, and Kaiser Aluminum Corporation.

Industry Developments:

In November 2024, Kobe Steel launched Kobenable Aluminum, a low-CO2 product aimed at reducing Scope 3 emissions in customer applications.

In March 2024, SiAT partnered with Taiwan C.S. Aluminum Corporation (CSAC) to introduce carbon nanotube-coated aluminum foil, enhancing charging speed and lifespan for lithium-ion batteries, sodium batteries, and supercapacitors.

India's 2024-25 budget allocated US$ 32 billion for rural development, boosting aluminum demand in construction and infrastructure.

In 2023, India produced over 4.1 million tons of primary aluminum (~6% of global output), the U.S. around 880,000 tons, and China a record 41.59 million tons (+3.7% YoY)

Forecast Projection:

The Global Aluminium Market is poised for significant growth between 2025 and 2032. In 2024, the market maintained a steady upward trajectory, and with strategic initiatives by leading players accelerating adoption, the market is expected to soar throughout the forecast period. Companies leveraging these trends are well-positioned to capture emerging opportunities and maximize revenue potential.

Market Intelligence Research Process:

The Aluminium Market research report by DataM Intelligence combines primary and secondary data to deliver deep, actionable insights. It examines the full spectrum of factors shaping the industry, from government regulations and market conditions to competitive dynamics, historical trends, technological breakthroughs, upcoming innovations, and potential challenges. This comprehensive analysis not only highlights growth prospects but also identifies barriers, equipping businesses to navigate market volatility and capitalize on emerging opportunities.

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Key Segmentation:

By Product: (Pure Aluminium, Alloy Aluminium)

By Form: (Powder, Extrusions, Castings, Forgings, Others)

By Application: (Pigments, Foils, Wires, Sheets and Plates, Rod and Bars, Others)

By End-User: (Packaging, Automotive & Transportation, Building & Construction, Electrical & Electronics, Consumer Durables, Others),

Global Growth Regional Analysis:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1 - Market Overview: Kickstarts the report with a comprehensive snapshot of the Aluminium Market, summarizing key segments by region, product type, and application. Highlights include market size, segment growth potential, and short- & long-term industry outlook.

Chapter 2 - Emerging Trends: Uncovers the game-changing trends and high-impact innovations shaping the future of the industry.

Chapter 3 - Competitive Landscape: Offers a deep dive into market competition, detailing revenue shares, strategic initiatives, and recent mergers & acquisitions.

Chapter 4 - Top Player Profiles: Features detailed company profiles, covering revenue, profit margins, product lines, and major milestones for leading market players.

Chapters 5 & 6 - Regional & Country Analysis: Breaks down revenue performance across global regions, providing insights on market sizes, opportunities, and growth prospects worldwide.

Chapter 7 - Segmentation Analysis: Explores market segmentation by type, revealing high-potential categories and guiding businesses towards lucrative areas.

Chapter 8 - Application Insights: Examines downstream markets and identifies promising sectors for expansion, showing how different applications are driving growth.

Chapter 9 - Supply Chain Mapping: Maps the entire industry supply chain, highlighting upstream and downstream activities for a holistic market perspective.

Chapter 10 - Key Takeaways: Concludes with critical insights and actionable strategies, equipping stakeholders to make informed decisions and stay ahead in the market.

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FAQ's

Q1: How fast is the Aluminium Market expected to grow in the coming years?

A: The market is forecast to expand at a robust CAGR of 7.11% between 2025 and 2032, signaling strong global growth and investment potential.

Q2: Which regions are dominating the Aluminium Market and which are fastest-growing?

A: Asia-Pacific dominating the Aluminium market.

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