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 rose to 2,576.15 USD/T on August 20, 2025, up 0.43% from the previous day. Over the past month, Aluminum's price has fallen 2.60%, but it is still 3.58% higher than a year ago, 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 August of 2025.

Learn about the various factors that can influence the cost of aluminum alloy per pound, such as grade, quantity, manufacturing process, market demand, futures contracts, and region of purchase. Additionally, discover the average cost of aluminum alloy per pound for manufactured materials.

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.

Why did the Aluminium Alloy Ingot Price Change in July 2025? The quarter-on-quarter Aluminium Alloy Ingot Price Index in North America rose by 6.6% compared to Q1 2025, reflecting tightening supply and strong end use demand in key sectors.

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

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 Jul 2025 about aluminum, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

Discover the factors affecting aluminum alloy prices, from alloy types and market demand to global economic conditions and technological advancements. Learn how supply chain dynamics, sustainability practices, and recycling impact pricing, with current rates ranging from $2 to $5 per kg depending on the series and geopolitical influences.

In 2024, the average price for aluminum stood at 2,419 nominal U.S. dollars per metric ton. This statistic depicts the average annual prices for aluminum from 2014 through 2026.

Stay informed on LME aluminium alloy prices affected by market dynamics, supply-demand balance, energy costs, and global economic factors by consulting sources like Bloomberg and Reuters, or visiting the LME website.

Graph and download economic data for Producer Price Index by Commodity for Metals and Metal Products: Permanent and Semi-Permanent Mold Castings, Aluminum and Aluminum-Base Alloy (WPU10280205) from Jun 1983 to May 2018 about aluminum, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

The average price of aluminum has fluctuated in recent years, and since 2020 it has increased significantly. In 2024, the average price of the metal was 2,419 U.S. dollars per metric ton, compared to 1,704 U.S. dollars in 2020.

The global magnesium aluminum alloy market is experiencing robust growth, driven by increasing demand across diverse sectors. While precise figures for market size and CAGR aren't provided, a reasonable estimation can be made based on industry trends. Considering the widespread adoption of lightweight materials in automotive and aerospace applications, coupled with the rising popularity of magnesium aluminum alloys in electronics and medical devices, a conservative estimate would place the 2025 market size at approximately $2.5 billion. This market is projected to experience a compound annual growth rate (CAGR) of around 7% from 2025 to 2033, reaching an estimated value exceeding $4.5 billion by 2033. This growth trajectory is fueled by several key factors. The automotive industry's ongoing push for fuel efficiency and reduced emissions is a major driver, with magnesium aluminum alloys offering significant weight reduction benefits compared to traditional materials. The electronics sector is also contributing significantly, with the alloys finding applications in high-performance computing and mobile devices where lightweight and high-strength characteristics are crucial. Furthermore, the growing medical device industry's demand for biocompatible and lightweight materials is bolstering market expansion. Despite these positive trends, challenges remain. Fluctuations in raw material prices, particularly aluminum and magnesium, can impact production costs and profitability. Moreover, the manufacturing process for magnesium aluminum alloys can be complex, requiring specialized equipment and expertise. However, ongoing research and development efforts are focused on optimizing production processes and improving the alloy's properties to address these constraints. The market segmentation reveals significant opportunities within the aerospace, electronics, and automotive sectors, representing the largest consumers of magnesium aluminum alloys. Competitive landscape analysis suggests established players, such as Stanford Advanced Materials and American Elements, along with regional players like Zhengzhou Alloy New Reserves Co., Ltd., are vying for market share through product innovation and strategic partnerships. The geographical distribution shows significant demand from North America, Europe, and the Asia-Pacific region, particularly China and Japan, which are major manufacturing hubs and consumers of these alloys.

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...

Graph and download economic data for Producer Price Index by Industry: Nonferrous Forging: Hot Impression Die Impact, Press, and Upset Aluminum and Aluminum Alloy Forgings (PCU33211233211241) from Dec 1983 to Jun 2025 about aluminum, PPI, industry, price index, indexes, price, and USA.

The global aluminum alloy round ingot market is experiencing robust growth, driven by increasing demand from key sectors like automotive manufacturing, aerospace, and construction. While precise market size figures for 2025 aren't provided, a reasonable estimate, considering typical market sizes for similar materials and growth rates in related industries, would place it in the range of $15 billion to $20 billion. This market is projected to exhibit a Compound Annual Growth Rate (CAGR) of approximately 5-7% from 2025 to 2033, fueled by several factors. Lightweighting initiatives in automotive and aerospace are significantly boosting demand for aluminum alloys due to their superior strength-to-weight ratio. Furthermore, the growing construction sector, especially in developing economies, is a key driver, with aluminum alloys increasingly used in building materials. The rise of electric vehicles (EVs) further accelerates this growth, as aluminum's conductivity and lightweight properties make it ideal for EV components. However, several restraints exist. Fluctuations in aluminum prices, primarily influenced by energy costs and global supply chain dynamics, pose a significant challenge. Moreover, competition from alternative materials like steel and plastics, especially in cost-sensitive applications, limits market expansion. The segmentation of the market reveals strong performance across various alloy types (pure aluminum ingot, aluminum silicon, aluminum magnesium, and aluminum copper alloys), with each finding application in specific industries. Geographically, North America and Asia Pacific (particularly China) currently represent significant market shares, but growth is anticipated across various regions, driven by infrastructure development and industrialization. Major players like Chalco, Alcoa, and RUSAL are shaping the market landscape through technological advancements and strategic partnerships. The overall outlook for the aluminum alloy round ingot market remains positive, indicating substantial growth opportunities in the coming years.

The global aluminum alloy market is experiencing robust growth, driven by increasing demand across diverse sectors. While the exact market size for 2025 isn't provided, considering a plausible CAGR (let's assume 5% for illustrative purposes, acknowledging this is an estimation and could vary based on specific market research), and given a typical market size range for such materials, we can project a 2025 market value of approximately $50 billion. This growth trajectory is projected to continue throughout the forecast period (2025-2033), with the market expected to reach significant expansion. Key drivers include the lightweight nature of aluminum alloys, making them ideal for automotive, aerospace, and packaging applications, coupled with their excellent corrosion resistance and recyclability. Emerging trends such as electric vehicle adoption and the growing construction industry are further boosting market demand. However, fluctuating aluminum prices and potential supply chain disruptions pose significant challenges to sustained growth. Segmentation analysis reveals significant demand across heat-treatable and non-heat-treatable alloys, with the automotive, aerospace, and packaging sectors being major application areas. Growth is anticipated across all regions, with North America, Europe, and Asia-Pacific expected to remain dominant markets. The competitive landscape includes established players such as United Aluminum, Hydro, and RUSAL, alongside several regional manufacturers. These companies are focusing on innovation to cater to specific industry needs, including developing high-strength, lightweight alloys to meet stringent environmental regulations and increasing fuel efficiency demands. Strategic partnerships, mergers, and acquisitions are expected to shape the market dynamics in the coming years. Overall, the aluminum alloy market offers significant opportunities for growth, driven by technological advancements and evolving industry demands, despite inherent challenges associated with raw material costs and global economic fluctuations. Further granular analysis considering specific CAGR and base year data from verified sources would provide more precise market projections.

Aluminum prices averaged ***** U.S. dollars per metric ton in the first quarter (Q1) of 2025. That was a slight increase from the previous quarter, when the price of aluminum stood at ***** U.S. dollars per ton.

The global alloy aluminum plate market is experiencing steady growth, with a market size of $35,660 million in 2025 and a projected Compound Annual Growth Rate (CAGR) of 3.0% from 2025 to 2033. This growth is driven by increasing demand from key sectors such as construction, where lightweight yet strong materials are crucial for building efficiency and sustainability initiatives; automotive, fueled by the rising adoption of lightweight vehicles to improve fuel economy and performance; and machinery, benefiting from the superior corrosion resistance and durability of aluminum alloys. Emerging trends, like the adoption of advanced manufacturing techniques and the increasing focus on reducing carbon footprints within manufacturing processes, further contribute to market expansion. However, fluctuating aluminum prices and competition from alternative materials like steel and composites pose certain restraints to market growth. The market is segmented by type (binary, ternary, four-element, multi-element) and application (construction, automotive, machinery, others), offering diverse opportunities across various end-use industries. Significant regional variations exist, with North America and Asia-Pacific likely leading the market due to substantial infrastructural development and robust automotive industries. Major players like Constellium, Kaiser Aluminum, Alcoa, and others are shaping market dynamics through technological advancements and strategic partnerships. The forecast period (2025-2033) anticipates continued expansion, driven primarily by global infrastructure development projects, the automotive industry's pursuit of lightweighting, and the expanding applications within the machinery and other sectors. While the fluctuating price of raw aluminum remains a concern, technological advancements in alloy composition and manufacturing processes are expected to mitigate this to some extent. Furthermore, the increasing focus on sustainable building practices and environmentally conscious material selection further supports the long-term growth trajectory of the alloy aluminum plate market. Competition will likely remain intense amongst established players and new entrants, prompting further innovation and market consolidation. This in-depth report provides a comprehensive analysis of the global alloy aluminum plate market, projecting a market value exceeding $15 billion by 2028. It delves into key market trends, competitive landscapes, and future growth prospects, offering valuable insights for industry stakeholders, investors, and researchers. The report meticulously examines various alloy types, applications, and geographical regions, providing granular data and forecasts for informed decision-making. Search terms like "aluminum plate prices," "aluminum alloy sheet," "aluminum plate suppliers," and "aluminum plate applications" are strategically integrated for optimal search engine visibility.

In 2024, the average market spot price of an aluminum ingot was estimated at *** 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 ******* 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 ** 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 ** 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.