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.

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.

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 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.

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.

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.

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...

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.

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

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.

Explore the dynamics of aluminum alloy pricing on the London Metal Exchange (LME) and its impact on global commodities markets. Understand how demand, economic growth, production levels, and energy costs influence prices, and discover the role of geopolitical factors and government policies in shaping the aluminum market.

This time series represents the global primary aluminum price as listed on the London Metal Exchange (LME) from 2011 through 2015. In 2015, the LME global price for primary aluminum was 1,661 U.S. dollars.

United States - Producer Price Index by Commodity: Metals and Metal Products: Hot Impression Die, Impact, Press and Upset Aluminum and Aluminum Alloy Forgings was 144.88700 Index Dec 2007=100 in February of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Hot Impression Die, Impact, Press and Upset Aluminum and Aluminum Alloy Forgings reached a record high of 144.88700 in February of 2025 and a record low of 94.50000 in March of 2013. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Metals and Metal Products: Hot Impression Die, Impact, Press and Upset Aluminum and Aluminum Alloy Forgings - last updated from the United States Federal Reserve on March of 2025.

14329 Global import shipment records of Aluminum alloy ingots with prices, volume & current Buyer’s suppliers relationships based on actual Global import trade database.

The global wrought 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 typical market sizes for similar materials and a reasonable CAGR (let's assume a conservative 5% CAGR based on industry trends), we can estimate the 2025 market size to be around $50 billion USD. This growth trajectory is projected to continue, with a projected CAGR of 5% throughout the forecast period (2025-2033), indicating a significant expansion of the market. Key drivers include the rising adoption of lightweight materials in the automotive and aerospace industries, expanding construction activities globally, particularly in developing economies, and the growing demand for energy-efficient electrical and electronics components. The transportation and logistics segment remains a major application area, fuelled by the ongoing shift towards fuel-efficient vehicles. Further contributing to market expansion are technological advancements leading to improved alloy properties and manufacturing processes. However, fluctuations in raw material prices (aluminum and alloying elements like silicon, magnesium, and manganese) pose a significant challenge. Additionally, environmental concerns related to aluminum production and recycling remain a key restraint. Despite these challenges, the versatility of wrought aluminum alloys, coupled with its strength-to-weight ratio and recyclability, positions it favorably for sustained growth in the long term. Segmentation analysis reveals significant contributions from various alloy types (silicon, magnesium, etc.) and application segments, offering opportunities for specialized product development and targeted market penetration. The geographical distribution of the market shows strong growth potential in Asia Pacific, driven by rapid industrialization and infrastructure development in countries like China and India. North America and Europe continue to be substantial markets, while other regions are showing promising growth trajectories.

The automotive aluminum market offers a diverse range of products, each with specific applications:Rolled Products: Rolled aluminum accounts for the largest market share. It is used for various components, including body panels and structural parts due to its formability and strength.Extruded Products: Extruded aluminum finds applications in frames, bumpers, and interior trim. Its high strength-to-weight ratio makes it suitable for complex shapes and load-bearing components.Castings: Aluminum castings are preferred for high-stress applications such as engine blocks and suspension components. They offer complex geometries and excellent durability. Recent developments include: February 2024: Vedanta Aluminium has come up with Vedanta Metal Bazaar, an e-superstore for primary aluminum that will revolutionize the buying and selling of aluminum in India., The emporium launched with over 750 product variations from Vedanta Aluminium. AI-based pricing discovery gives clients unrivaled value even when commodity prices fluctuate. Ingots, billets, PFA, wire rods, rolled products, flip coils, hot metal, and Restora (India's first low-carbon aluminum) are available. The superstore additionally customizes solutions for its large consumer base., Aluminium is used in aerospace, automotive, building and construction, energy distribution, defense, and other industries. It is called the ‘metal of the future’ because it is essential to the global energy transition, renewable energy, electric vehicles, green infrastructure, and high-tech manufacturing. However, procuring aluminum was formerly complicated and resource-intensive., Vedanta Aluminium created Vedanta Metal Bazaar, a revolutionary e-commerce platform that would change aluminium purchase, to simplify business for customers., It promises to streamline the procurement process, allowing buyers to focus on business growth rather than transactional follow-ups and commodity price and order fulfillment fluctuations. After steel, aluminium is the second most consumed metal worldwide., Buyers may get just-in-time delivery, real-time AI-based pricing discovery, and full visibility from order placement to delivery with Vedanta Metal Bazaar. This enables robust production planning and frees up resources for important expenditures. In a few clicks, clients may use order history, dynamic market circumstances, and competitive rates to make smart purchases., A groundbreaking new platform, Vedanta Metal Bazaar was developed from the ground up to meet consumer expectations and revolutionize the experience., The platform offers global-first features like product availability, online price discovery, long-term contracts, on-the-spot orders, live shipment tracking, financial reconciliation, all critical documentation (such as test certificates, bank guarantees, letters of credit), and a selection of channel finance and logistics providers to help customers procure., September 2022: Alcoa Corporation announced new innovations in alloy development and deployment, further strengthening its position as a supplier of advanced aluminum alloys., May 2022: Novelis Inc. announced it will invest $2.5 billion to build a new low-carbon recycling and rolling plant.. Key drivers for this market are: . Restraints, . Opportunities; . Challenges; . Trends. Potential restraints include: . Opportunities, . Challenges; . Trends. Notable trends are: Growing in the sales and production of several automobiles to boost market growth.

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.

11109 Global import shipment records of Aluminum Alloy Wheel with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.