In the Q4 of 2023, the price of the aluminium alloy in USA reached 3657 USD/MT by December. Similarly, in Germany, the aluminium alloy prices hit 3173 USD/MT in the same month.

Explore IMARC’s newly published report, titled “Aluminium Alloy Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of aluminium alloy pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

Aluminum increased 16.20 USD/Tonne or 0.63% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Aluminum - values, historical data, forecasts and news - updated on March of 2025.

The aluminum alloy ingot prices in the United States for Q2 2024 reached 3320 USD/MT in June. The market reflected strong growth as demand from key industries surged. Seasonal peaks driven by summer demand and intensified industrial activity contributed to rising prices. Key supply constraints and sustainability regulations added upward pressure, creating a positive market outlook with strong investor interest and strategic stockpiling that further underscored the upward trend in prices.

Explore the factors influencing alloy aluminum prices, including market demand, supply chain dynamics, and global economic conditions. Understand how industry demand, energy costs, and international trade affect pricing trends, with insights into the role of the London Metal Exchange and significant market players like China.

Learn about the various factors that can impact the price of aluminum alloy per pound, including current market conditions, alloy composition, and quantity purchased. Get insights into commonly used alloys and how global economic trends and geopolitical events can create fluctuations in pricing.

According to Cognitive Market Research, the global Aluminium Alloy for Aerospace Application market size is USD 8815.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 3526.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 2644.56 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 2027.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
Latin America had a market share for more than 5% of the global revenue with a market size of USD 440.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 176.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.
The Sand Casting held the highest Aluminium Alloy for Aerospace Application market revenue share in 2024.

Market Dynamics of Aluminium Alloy for Aerospace Application Market

Key Drivers for Aluminium Alloy for Aerospace Application Market

Growth of the Aerospace Industry to Increase the Demand Globally

The worldwide aerospace industry is witnessing a consistent boom pushed by way of rising air tour calls for growing disposable profits and improvements in the aircraft era. This surge is fueling the need for lightweight lightweight and high-overall performance substances, including aluminum alloys, which are crucial for building modern aircraft. As air travel turns into more accessible and low priced, airlines are increasing their fleets, necessitating the development of extra efficient and durable substances to enhance gasoline efficiency and reduce emissions. Consequently, the aerospace quarter's growth is closely linked to improvements in material and technological know-how, ensuring that new planes aren't only lighter and stronger but also able to meet stringent environmental requirements. This symbiotic courting underscores the pivotal function of advanced materials inside the enterprise's destiny.

Fuel Efficiency Demands to Propel Market Growth

Airlines are constantly striving to improve fuel performance to cut prices and minimize environmental effects. Aluminum alloys are critical in this undertaking, thanks to their tremendous power-to-weight ratio. Lighter aircraft, constructed with those superior materials, eat less gasoline, making them extra economically and environmentally appealing to airways. This pressure for performance is propelled by means of increasing fuel charges and stringent emissions guidelines, compelling the aviation industry to innovate. Aluminum alloys, consequently, are not just substances but strategic belongings in lowering operational prices and promoting sustainability. As a result, the demand for these high-performance alloys is rising, cementing their significance within the future of aerospace engineering.

Restraint Factor for the Aluminium Alloy for Aerospace Application Market

High Cost of Development to Limit the Sales

Developing and testing new high-overall performance aluminum alloys for aerospace packages is a complex, lengthy, and costly system. This large monetary investment in research and improvement, together with rigorous testing and certification necessities, often limits the number of businesses inclined to adopt such endeavors. Smaller companies, in particular, may also conflict with allocating assets for giant R&D initiatives, leading to a concentration of innovation inside larger, nicely funded agencies. Additionally, the high cost of development can slow the pace of advancement in fabric technology, potentially delaying the advent of extra green and environmentally pleasant planes. Despite these demanding situations, the aerospace industry's demand for advanced substances drives ongoing efforts to overcome those economic and technical hurdles.

Impact of Covid-19 on the Aluminium Alloy for Aerospace Application Market

The COVID-19 pandemic notably impacted the aluminum alloy marketplace for aerospace packages. The crisis led to disruptions...

In 2023, the average price for aluminum stood at 2,256 nominal U.S. dollars per metric ton. This statistic depicts the average annual prices for aluminum from 2014 through 2026.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Hot Impression Die, Impact, Press and Upset Aluminum and Aluminum Alloy Forgings (WPU1027011111) from Dec 2007 to Feb 2025 about aluminum, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

Aluminum prices averaged 2,523 U.S. dollars per metric ton in the second quarter (Q2) of 2024. That represented nearly 13 percent more than the previous quarter, when the price of aluminum stood at 2,203 U.S. dollars per ton.

In 2024, the average market spot price of an aluminum ingot was estimated at 1.3 U.S. dollars per pound. Throughout the indicated period, this was by far the highest spot price for aluminum ingots. The fluctuations in aluminum prices can have far-reaching effects on the economy, influencing costs for products ranging from beverage cans to automotive parts. Production of aluminum
The primary production of aluminum in the United States has experienced fluctuations recently, with an estimated production volume of 750,000 metric tons in 2023. The primary production process involves the melting of alumina into pure aluminum. While the United States is one of the top 10 producers of primary aluminum, China is leading the way in terms of aluminum smelter production, with a production volume of 43 million metric tons in 2023.  Price comparison with other base metals The pricing of materials is influenced by various elements, such as manufacturing techniques, availability, and demand in diverse industries. In 2023, of the various base metals, tin was priced approximately at 14 U.S. dollars per pound and was the highest priced base metal at that time. In contrast, aluminum had the fourth highest price that year.

Learn about the different factors that influence the price of aluminium alloys, including supply and demand, production costs, and global economic conditions. Understand how market dynamics can impact the price of specific alloys, and learn about the current price of aluminium alloy and how it varies depending on composition and type.

41801 Global import shipment records of Aluminum Alloy Ingots with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

Aluminium Flat Products Market Size And Forecast

Aluminium Flat Products Market size was valued at USD 53.9 Billion in 2023 and is projected to reach USD 74.9 Billion by 2031, growing at a CAGR of 4.2% during the forecast period 2024-2031.

Global Aluminium Flat Products Market Drivers

The Aluminium flat products market, which includes products such as sheets, plates, foils, and rolled products, is influenced by a variety of market drivers. Here are some of the key factors affecting the demand and growth of this market:

Construction and Infrastructure Development: The demand for Aluminium flat products is heavily influenced by growth in the construction and infrastructure sectors. Aluminium’s lightweight properties, strength, and resistance to corrosion make it a desirable material for building facades, roofing, and structural components.
Automotive Industry Trends: The automotive sector is increasingly using Aluminium to improve fuel efficiency and reduce vehicle weight. This trend includes the use of Aluminium flat products in body panels, chassis components, and other areas. The push towards electric vehicles (EVs) is also contributing to this demand.

Global Aluminium Flat Products Market Restraints

The Aluminium flat products market, which includes items such as sheets, plates, foils, and coils, can face several market restraints. These include:

Fluctuating Raw Material Prices: The prices of Aluminium and its alloys can be highly volatile, influenced by global supply and demand dynamics, extraction costs, and geopolitical factors. Such fluctuations can impact profit margins and production costs.
Environmental Regulations: The Aluminium production process is energy-intensive and generates significant greenhouse gas emissions. Stricter environmental regulations and the push for sustainability can lead to increased production costs and necessitate investment in cleaner technologies.

53 Global import shipment records of Aluminium Alloy Ingot with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

212421 Global export shipment records of Alloy Aluminium with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

388 Global import shipment records of Alloy Aluminium with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

The Paraguayan aluminium alloy tube market rose slightly to $17M in 2024, surging by 2.5% against the previous year. Over the period under review, consumption, however, enjoyed prominent growth. Over the period under review, the market attained the peak level at $18M in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

Explore the factors influencing aluminum alloy prices per kg in 2023, including global demand, supply chain conditions, energy costs, and geopolitical tensions. Understand the impacts of economic activities and recycling rates on pricing, and learn how emerging sustainability policies might shape the market.

After seven years of growth, the Japanese aluminium alloy wire market decreased by -8.7% to $202M in 2023. In general, consumption, however, continues to indicate a moderate expansion. As a result, consumption attained the peak level of $222M, and then fell in the following year.

Explore the historical trends of LME aluminum alloy prices shaped by global economic, industrial, and geopolitical factors, including the rise of China's economy, the 2008 financial crisis, and recent challenges like trade wars and the COVID-19 pandemic.