Aluminium Market Size, Share, Price Trends and Forecast, 2027

Press Release:

Global Aluminium Market to Grow at 5.66% During 2022-2027, Propelled by Increasing Product Applications Across Various End Use Industries

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Aluminium Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global aluminium market is expected to exhibit a CAGR of 5.66% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Aluminium (Al) is one of the most abundant non-ferrous metallic elements in the Earth’s crust. It is durable, malleable, strong, lightweight, flexible, and resistant to corrosion and oxidation. It has high reflectivity and excellent electrical and thermal conductivity. It forms compounds with other chemical elements easily, thereby making it popular for use in a variety of applications. For instance, Al mixed with silicon and magnesium is used in the manufacturing of wheels, engines, chassis, and other parts of modern automobiles. It is also used to produce smartphones, tablets, personal computers (PCs), refrigerators, and other electronic items across the globe.

Aluminium Market Trends:

The market growth can be attributed to the extensive use of Al in different end use industries across the globe. For instance, it is employed in the food and beverage (F&B) industry for making packaging containers as Al helps retain the flavor and integrity of the content. This, in confluence with the escalating demand for ready-to-eat (RTE) food items, is propelling the market growth. Apart from this, there is a rise in the sales of beauty and personal care products around the world on account of inflating income levels, increasing focus on appearance, and the growing influence of social media. This is positively influencing the utilization of AI in the cosmetics industry. It helps in packing and protecting cosmetic products from contamination during storage and shipping. Furthermore, it finds applications in the production of different dosage forms of medications, including capsules, creams, lotions, liquid, and powders. This, along with the imposition of plastic bans in several countries, is contributing to the adoption of Al in the pharmaceutical industry.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global aluminium market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on series, processing method and end use industry.

Breakup by Series:

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

Breakup by Processing Method:

Flat Rolled
Castings
Extrusions
Forgings
Pigments and Powder
Rod and Bar

Breakup by End Use Industry:

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

Breakup by Region:

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

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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. and Vedanta limited.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2021
Historical Period	2016-2021
Forecast Period	2022-2027
Units	US$ Billion
Segment Coverage	Series, Processing Method, End Use Industry, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	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. and Vedanta limited
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499
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Key Questions Answered in This Report

1. What is the expected growth rate of the global aluminium market during 2022-2027?

We expect the global aluminium market to exhibit a CAGR of 5.66% during 2022-2027.

2. What are the key factors driving the global aluminium market?

The rising demand for Ready-to-Eat food items, along with the increasing utilization of aluminium for
manufacturing packaging containers, that aid in retaining the flavor and integrity of the content, is
primarily driving the global aluminium market.

3. What has been the impact of COVID-19 on the global aluminium market?

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across several nations, resulting in the temporary closure of numerous end-use industries
for aluminium.

4. What is the breakup of the global aluminium market based on the series?

Based on the series, the global aluminium market can be segmented into series 1, series 2, series 3,
series 4, series 5, series 6, series 7, and series 8. Currently, series 3 holds the majority of the total market
share.

5. What is the breakup of the global aluminium market based on the processing method?

Based on the processing method, the global aluminium market has been divided into flat rolled,
castings, extrusions, forgings, pigments and powder, and rod and bar. Among these, extrusions exhibit a
clear dominance in the market.

6. What is the breakup of the global aluminium market based on end use industry?

Based on the end use industry, the global aluminium market can be categorized into transport, building
and construction, electrical engineering, consumer goods, foil and packaging, machinery and equipment,
and others. Currently, the building and construction industry accounts for the largest market share.

7. What are the key regions in the global aluminium market?

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin
America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.

8. Who are the key players/companies in the global aluminium market?

Some of the major players in the global aluminium market include 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., and Vedanta limited.

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Press Release:

Aluminium Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

Aluminium Market Trends:

Key Market Segmentation:

Competitive Landscape:

Report Coverage:

Key Questions Answered in This Report

1. What is the expected growth rate of the global aluminium market during 2022-2027?

2. What are the key factors driving the global aluminium market?

3. What has been the impact of COVID-19 on the global aluminium market?

4. What is the breakup of the global aluminium market based on the series?

5. What is the breakup of the global aluminium market based on the processing method?

6. What is the breakup of the global aluminium market based on end use industry?

7. What are the key regions in the global aluminium market?

8. Who are the key players/companies in the global aluminium market?

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Aluminium Market

Press Release:

Aluminium Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

Aluminium Market Trends:

Key Market Segmentation:

Competitive Landscape:

Report Coverage:

Key Questions Answered in This Report

Need more help?

Related Report

Social Links

Change Language
Select Language