The global aluminium market was valued to reach a market size of USD 157.03 Billion in 2024. The industry is expected to grow at a CAGR of 5.65% during the forecast period of 2025-2034. Key drivers of the aluminum market include technological innovation, sustainability efforts, infrastructure growth, increased demand in automotive and construction sectors, and supply chain management efficiency, thus aiding the market growth to attain a valuation of USD 272.07 Billion by 2034.

The U.S. Aluminum Market was valued at $12.47 Bn in 2023 and is expected to reach $17.13 Bn by 2030 due to increasing industrial demand of aluminum.

The global aluminum sector grow in 2025 to 2035 with several sectors like automobile, aviation, real estate, packaging, and electrical uses intensifying demand. The sector will reach USD 331.1 billion in 2035 with a Compound Annual Growth Rate (CAGR) of 6.1%.

Metric	Value
Market Size (2025E)	USD 183.1 Billion
Market Size (2035F)	USD 331.1 Billion
CAGR (2025 to 2035)	6.1%

Aluminium Market Analyzed by Top Investment Segments

Series	CAGR (2025 to 2035)
Series 5 Aluminium	7.2%

Processing	CAGR (2025 to 2035)
Extrusions	7.4%

Country Wise Analysis

Country	CAGR (2025 to 2035)
USA	4.5%

Country	CAGR (2025 to 2035)
UK	4.2%

Country	CAGR (2025 to 2035)
European Union (EU)	4.8%

Country	CAGR (2025 to 2035)
Japan	4.1%

Country	CAGR (2025 to 2035)
South Korea	4.3%

Competitive Outlook

Company Name	Estimated Market Share (%)
China Hongqiao Group	14-19%
UC Rusal	9-13%
Alcoa Corporation	7-11%
Rio Tinto Aluminium	5-9%
Emirates Global Aluminium (EGA)	4-8%
Other Companies (combined)	45-55%

Aluminum rose to 2,644.95 USD/T on July 21, 2025, up 0.34% from the previous day. Over the past month, Aluminum's price has risen 2.12%, and is up 15.02% compared to the same time last year, 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 July of 2025.

The Aluminum Market report segments the industry into Processing Type (Castings, Extrusions, Forgings, Flat Rolled Products, Pigments and Powders), End-User Industry (Automotive, Aerospace and Defense, Building and Construction, Electrical and Electronics, Packaging, Industrial, Other End-User Industries), and Geography (Asia-Pacific, North America, Europe, South America, Middle-East and Africa).

Aluminium Market Outlook

According to our latest research, the global aluminium market size reached USD 176.5 billion in 2024, driven by robust demand across diverse industries and ongoing technological advancements. The market is exhibiting a healthy growth trajectory, registering a CAGR of 5.1% from 2025 to 2033. By the end of 2033, the global aluminium market is projected to reach USD 275.5 billion, reflecting the sector’s resilience and adaptability. This growth is primarily attributed to the increasing adoption of lightweight materials in automotive and aerospace sectors, expanding applications in packaging, and a strong push towards sustainability and recycling initiatives worldwide.

The aluminium market is experiencing significant momentum due to the rising emphasis on lightweight and energy-efficient materials across major industries. In the automotive and aerospace sectors, the shift towards electric vehicles (EVs) and fuel-efficient aircraft is fueling the demand for aluminium, which offers the dual benefits of reduced weight and enhanced performance. The metal’s inherent properties, such as high strength-to-weight ratio, corrosion resistance, and excellent recyclability, are making it a preferred choice for manufacturers aiming to meet stringent emission norms and improve fuel efficiency. Furthermore, aluminium’s versatility is enabling its integration into new product designs, supporting innovation and product differentiation in competitive markets.

Another critical growth driver for the aluminium market is the rapid urbanization and infrastructure development, particularly in emerging economies across Asia Pacific and the Middle East. The construction sector is leveraging aluminium for its durability, aesthetic appeal, and ease of fabrication, which are essential for modern architectural needs. The surge in smart cities, green buildings, and large-scale infrastructure projects is boosting the consumption of aluminium in the form of sheets, extrusions, and castings. Additionally, the packaging industry’s transition towards sustainable and recyclable materials is accelerating the usage of aluminium foils and containers, catering to the growing demand for eco-friendly packaging solutions in food, beverage, and pharmaceutical sectors.

Technological advancements in aluminium production and recycling are further propelling market growth. The development of advanced smelting technologies, energy-efficient processes, and digitalization in manufacturing is enhancing productivity and reducing operational costs. The rising adoption of secondary aluminium, obtained from recycled scrap, is gaining traction due to its lower carbon footprint and cost-effectiveness. Government regulations and corporate sustainability goals are encouraging the recycling of aluminium, leading to a circular economy model that not only conserves natural resources but also ensures a stable supply chain. These factors collectively position the aluminium market for sustained expansion over the forecast period.

From a regional perspective, Asia Pacific dominates the global aluminium market, accounting for the largest share in both production and consumption. China, India, and Southeast Asian countries are witnessing robust industrialization, infrastructure development, and automotive manufacturing, which are driving substantial demand for aluminium products. North America and Europe follow, with significant investments in automotive lightweighting, aerospace innovation, and sustainable packaging. Meanwhile, the Middle East and Africa are emerging as key growth regions, propelled by infrastructure modernization and expanding industrial bases. Each region presents unique growth opportunities and challenges, shaping the overall dynamics of the global aluminium market.

Product Type Analysis

The aluminium market is segmented by product type into Primary Aluminium, Secondary Aluminium, and Aluminium Alloys. Primary aluminium, produced directly from bauxite ore through the Bayer and Hall-Héroult processes

The Aluminum Market was valued at USD 222.59 billion in 2024, and is projected to reach USD 302.04 billion by 2030 with a CAGR of 4.6% from 2025 to 2030

Global Aluminium Market

Unlock data-backed intelligence on the Vietnam Aluminium Market with a size at USD 4.2 billion in 2023, featuring growth drivers, competitive landscape, and future challenges.

Global Aluminum Market size reached US$ 231.82 billion in 2024 and is expected to reach US$ 401.60 billion by 2032

North America Aluminum Market valued at USD 27.11 Bn in 2024, projected to reach USD 35.53 Bn by 2030, driven by growth in the automotive industry

Goldman Sachs revises aluminium price forecast amid economic concerns, expecting a drop followed by a rebound by December 2025 due to tariff impacts on major economies.

The global automotive aluminium market size reached approximately USD 69.83 Billion in 2024. The market is expected to grow at a CAGR of 10.30% during the forecast period of 2025-2034 to attain a value of USD 186.12 Billion by 2034.

The global aluminium market rose to $X in 2022, with an increase of X% against the previous year. Over the period under review, the total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2016 indices. Over the period under review, the global market hit record highs in 2022 and is expected to retain growth in the immediate term.

The Mexico aluminium market was valued at USD 3.74 Billion in 2024. The market is further projected to grow at a CAGR of 5.40% between 2025 and 2034, reaching a value of USD 6.33 Billion by 2034.

Indonesia Aluminum Market is valued at $2.66 Bn in 2024, and is expected to reach USD 4.35 Bn by 2030, due to the rising construction industry in the country

The global aluminium foil market attained a value of nearly USD 24.10 Billion in 2024. The market is further expected to grow at a CAGR of 4.30% during the forecast period of 2025-2034 to reach a value of USD 36.72 Billion by 2034.

Aluminium Rod Market Outlook

The global aluminium rod market is poised for substantial growth, with an estimated market size of USD 10.5 billion in 2023, anticipated to reach approximately USD 15.9 billion by 2032, reflecting a healthy compound annual growth rate (CAGR) of 4.8% over the forecast period. This expansion is driven by rising demand across various industries, propelled by the material's unparalleled properties such as high strength-to-weight ratio, corrosion resistance, and electrical conductivity. Aluminium rods are increasingly becoming a critical component in automotive and construction industries, where lightweight materials are essential for improving fuel efficiency and structural integrity.

The surge in global infrastructure development and urbanization is a key growth driver for the aluminium rod market. The construction industry, in particular, is capitalizing on the material's durability and lightweight properties for use in a variety of applications such as roofing, cladding, and window framing. As the demand for sustainable and energy-efficient construction materials grows, aluminium rods are becoming increasingly popular due to their recyclability and compliance with green building standards. Moreover, government initiatives and investments in infrastructure projects worldwide are expected to further propel the market forward.

Another significant factor contributing to the growth of the aluminium rod market is the automotive industry's shift towards lightweight materials to enhance vehicle performance and increase fuel efficiency. Aluminium's strength, combined with its light weight, makes it an ideal choice for manufacturing various automotive components such as engine blocks, wheels, and chassis. The push towards electric vehicles (EVs) is also benefiting the market, as aluminium rods are extensively used in EV manufacturing for battery enclosures and other vital components. With stringent emission regulations and environmental concerns driving the automotive industry, the demand for aluminium rods is expected to witness robust growth.

The electrical and electronics sector is also a substantial contributor to the aluminium rod market's expansion. Aluminium rods are widely used in electrical transmission and distribution due to their excellent conductivity and corrosion resistance. The increasing demand for electricity, coupled with the modernization of grid infrastructure, is expected to bolster the demand for aluminium rods in this segment. Additionally, as the world moves towards renewable energy sources, aluminium rods are being increasingly used in the manufacturing of solar panels and wind turbines, further supporting market growth.

Regionally, the Asia Pacific market is anticipated to dominate the aluminium rod industry, accounting for a significant share of the global market. This dominance is attributed to the rapid industrialization and urbanization in emerging economies such as China and India. North America and Europe are also expected to witness substantial growth due to the presence of established automotive and aerospace industries, while Latin America and the Middle East & Africa present promising opportunities due to their developing infrastructure needs.

Product Type Analysis

The aluminium rod market can be segmented by product type into round rods, square rods, hexagonal rods, and others. Round rods are currently the most prevalent type, owing to their versatility and wide range of applications across various industries. These rods are extensively used in the automotive and construction sectors for structural and support purposes. Their ease of machining and forming makes them a preferred choice for manufacturers looking to optimize production efficiency. In addition, the growing demand for customized aluminium components is driving further innovation in round rod production techniques.

Square rods, while not as widely used as round rods, are gaining traction due to their unique structural properties. These rods offer superior load-bearing capacity and are often employed in applications requiring high strength and rigidity. The machinery industry, in particular, favors square rods for the production of components that must withstand significant mechanical stress. As the automation and machinery sectors continue to evolve, the demand for square rods is expected to increase, contributing to the overall growth of the aluminium rod market.

Hexagonal rods serve a niche market, with specialized applications in industries such as aerospace and defense. Thei

The India aluminium market was valued at USD 11.28 billion in 2023, driven by the increasing demand from key sectors such as transportation, construction, and packaging.

Get the latest insights on price movement and trend analysis of Aluminium in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).