Market Overview:
The global aluminum market is expected to reach USD 283.5 billion by 2030, registering a CAGR of 5.8% during the forecast period 2018-2030. Aluminum billets is the largest segment with a market share of 67.48% in 2018 and is projected to grow at a CAGR of 5.7%.
Product Definition:
The element aluminum (Al) is a silver-white metal that is light and strong. It is the most abundant metal in the Earth's crust and is used to make cans, foil, window frames, and other objects.
Aluminum Billets:
Aluminum billets are the primary source of aluminum for fabricators. It is a form of cast alloy which consists of iron and aluminum. Aluminum billet has different sizes depending upon the end use industry such as automotive, construction, aerospace & defense and packaging among others. The size or grade mainly depends on the proportionality between heat treatment temperature and casting speed (controlled by different parameters).
Foundry Alloy Ingots:
Foundry alloy ingots are a special type of cast iron, which is used as an alternative to the conventional pig iron in foundry applications. It has several properties such as high strength and wear resistance along with low thermal conductivity and density. The product also offers easy handling, transportation & storage due to its robust nature.
The global aluminum market size was valued at USD 66 billion in 2016.
Application Insights:
The construction industry was the largest application segment in 2018 and accounted for a market share of over 30.0% in terms of volume. The growth can be attributed to increasing urbanization projects across the globe, which is expected to increase aluminum consumption for architectural structures and building components over the forecast period.
The packaging industry is anticipated to grow at a CAGR of XX% from 2019 to 2030 owing to an increase in consumer disposable income levels coupled with rising demand for packaged food products across developing countries such as India and China. Aluminum cans are used extensively in food packaging applications while foundry alloy ingots are largely preferred for beverage-can bodies owing to their high strength properties compared with steel or iron cans, which further enhances their durability during shipping & storage operations without any risk of denting or dinging on impact when dropped from a height onto a hard surface flooring surface (such as concrete).
Regional Analysis:
Asia Pacific aluminum market is expected to grow at the highest CAGR of XX% from 2018 to 2030 owing to rapid industrialization and urbanization resulting in increasing demand for transportation, construction, packaging and electronic products. In addition, growing automotive industry in developing economies including China and India will drive the regional demand over the forecast period.
Europe was the second-largest region with a market share of 26.5% in 2018 owing to high production volume of automobiles coupled with foundry industry growth due to rising aerospace manufacturing activities across countries such as Germany, France, Italy and U.K., which resulted into high product consumption over last few years (2016-2018).
Growth Factors:
- Growing demand from the automotive and transportation sector as aluminum is used in manufacturing light weight vehicles and components which improves fuel efficiency.
- Increasing demand for aluminum cans and foil packaging due to its lightweight, non-toxic and recyclable properties.
- Rising consumption of aluminum in construction and infrastructure projects due to its high strength-to-weight ratio.
- Growing popularity of aluminium alloys as a replacement for traditional materials such as steel in various industrial applications.
Scope Of The Report
Report Attributes
Report Details
Report Title
Aluminum Market Research Report
By Type
Aluminum Billets, Foundry Alloy Ingots, Aluminum Billets is the largest segment with a market share of 67.48% in 2018.
By Application
Construction Industry, Foundry Industry, Transportation Industry, Packaging Industry, Electronics Industry, Others
By Companies
EGA, Rusal, Norsk Hydro, Yinhai Aluminum, Alcoa, Rio Tinto, Xinfa Group, Alba, Chalco, Hindalco, SNTO, Aluar
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Aluminum Market Report Segments:
The global Aluminum market is segmented on the basis of:
Types
Aluminum Billets, Foundry Alloy Ingots, Aluminum Billets is the largest segment with a market share of 67.48% in 2018.
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Construction Industry, Foundry Industry, Transportation Industry, Packaging Industry, Electronics Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- EGA
- Rusal
- Norsk Hydro
- Yinhai Aluminum
- Alcoa
- Rio Tinto
- Xinfa Group
- Alba
- Chalco
- Hindalco
- SNTO
- Aluar
Highlights of The Aluminum Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Aluminum Billets
- Foundry Alloy Ingots
- Aluminum Billets is the largest segment with a market share of 67.48% in 2018.
- By Application:
- Construction Industry
- Foundry Industry
- Transportation Industry
- Packaging Industry
- Electronics Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Aluminum Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Aluminum is a metal that is abundant on Earth. It has many different uses, including in construction and manufacturing.
Some of the major players in the aluminum market are EGA, Rusal, Norsk Hydro, Yinhai Aluminum, Alcoa, Rio Tinto, Xinfa Group, Alba, Chalco, Hindalco, SNTO, Aluar.
The aluminum market is expected to grow at a compound annual growth rate of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Aluminum Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Aluminum Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Aluminum Market - Supply Chain
4.5. Global Aluminum Market Forecast
4.5.1. Aluminum Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Aluminum Market Size (000 Units) and Y-o-Y Growth
4.5.3. Aluminum Market Absolute $ Opportunity
5. Global Aluminum Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Aluminum Market Size and Volume Forecast by Type
5.3.1. Aluminum Billets
5.3.2. Foundry Alloy Ingots
5.3.3. Aluminum Billets is the largest segment with a market share of 67.48% in 2018.
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Aluminum Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Aluminum Market Size and Volume Forecast by Application
6.3.1. Construction Industry
6.3.2. Foundry Industry
6.3.3. Transportation Industry
6.3.4. Packaging Industry
6.3.5. Electronics Industry
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Aluminum Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Aluminum Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Aluminum Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Aluminum Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Aluminum Demand Share Forecast, 2019-2026
9. North America Aluminum Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Aluminum Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Aluminum Market Size and Volume Forecast by Application
9.4.1. Construction Industry
9.4.2. Foundry Industry
9.4.3. Transportation Industry
9.4.4. Packaging Industry
9.4.5. Electronics Industry
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Aluminum Market Size and Volume Forecast by Type
9.7.1. Aluminum Billets
9.7.2. Foundry Alloy Ingots
9.7.3. Aluminum Billets is the largest segment with a market share of 67.48% in 2018.
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Aluminum Demand Share Forecast, 2019-2026
10. Latin America Aluminum Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Aluminum Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Aluminum Market Size and Volume Forecast by Application
10.4.1. Construction Industry
10.4.2. Foundry Industry
10.4.3. Transportation Industry
10.4.4. Packaging Industry
10.4.5. Electronics Industry
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Aluminum Market Size and Volume Forecast by Type
10.7.1. Aluminum Billets
10.7.2. Foundry Alloy Ingots
10.7.3. Aluminum Billets is the largest segment with a market share of 67.48% in 2018.
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Aluminum Demand Share Forecast, 2019-2026
11. Europe Aluminum Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Aluminum Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Aluminum Market Size and Volume Forecast by Application
11.4.1. Construction Industry
11.4.2. Foundry Industry
11.4.3. Transportation Industry
11.4.4. Packaging Industry
11.4.5. Electronics Industry
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Aluminum Market Size and Volume Forecast by Type
11.7.1. Aluminum Billets
11.7.2. Foundry Alloy Ingots
11.7.3. Aluminum Billets is the largest segment with a market share of 67.48% in 2018.
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Aluminum Demand Share, 2019-2026
12. Asia Pacific Aluminum Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Aluminum Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Aluminum Market Size and Volume Forecast by Application
12.4.1. Construction Industry
12.4.2. Foundry Industry
12.4.3. Transportation Industry
12.4.4. Packaging Industry
12.4.5. Electronics Industry
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Aluminum Market Size and Volume Forecast by Type
12.7.1. Aluminum Billets
12.7.2. Foundry Alloy Ingots
12.7.3. Aluminum Billets is the largest segment with a market share of 67.48% in 2018.
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Aluminum Demand Share, 2019-2026
13. Middle East & Africa Aluminum Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Aluminum Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Aluminum Market Size and Volume Forecast by Application
13.4.1. Construction Industry
13.4.2. Foundry Industry
13.4.3. Transportation Industry
13.4.4. Packaging Industry
13.4.5. Electronics Industry
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Aluminum Market Size and Volume Forecast by Type
13.7.1. Aluminum Billets
13.7.2. Foundry Alloy Ingots
13.7.3. Aluminum Billets is the largest segment with a market share of 67.48% in 2018.
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Aluminum Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Aluminum Market: Market Share Analysis
14.2. Aluminum Distributors and Customers
14.3. Aluminum Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. EGA
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Rusal
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Norsk Hydro
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Yinhai Aluminum
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Alcoa
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Rio Tinto
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Xinfa Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Alba
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Chalco
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Hindalco
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. SNTO
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Aluar
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
