Aluminum fell to 2,603.70 USD/T on July 11, 2025, down 0.21% from the previous day. Over the past month, Aluminum's price has risen 3.25%, and is up 4.95% 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.

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 factors that affect the cost of aluminum alloys per pound, including raw material costs, transportation costs, and market conditions. Despite fluctuations, aluminum alloys remain a popular and cost-effective choice for a variety of industries.

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.

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.

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

Why did the Aluminium Alloy Ingot Price Change in May 2025? The Aluminium Alloy Ingot Price Index in the US displayed steady growth during Q1 2025, with spot prices reaching USD 3,166/MT DEL Alabama by quarter-end.

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 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.

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.

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...

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.

The global iron aluminum alloy market, valued at $2711.3 million in 2025, is projected to experience steady growth, driven by increasing demand across diverse sectors. A compound annual growth rate (CAGR) of 3.3% from 2025 to 2033 indicates a promising outlook, fueled primarily by the expanding mechanical and medical equipment industries. The rise of lightweight yet high-strength materials in automotive components and the growing need for biocompatible alloys in medical devices are key drivers. Furthermore, advancements in alloy composition and manufacturing techniques are enhancing the material's performance characteristics, expanding its applications in diverse fields such as aerospace and electronics. While specific restraints are not detailed, potential challenges could include fluctuating raw material prices, competition from alternative materials, and the need for continuous innovation to meet evolving industry standards. The market is segmented by type (1J6, 1J12, 1J16, and others) and application (mechanical equipment, medical equipment, and others), with North America and Asia Pacific likely representing significant market shares due to established manufacturing bases and robust demand from key end-use sectors. The competitive landscape features several prominent players including American Elements, POSCO, and Sandvik (Kanthal), each vying for market share through product innovation and strategic partnerships. The forecast period of 2025-2033 presents significant opportunities for market expansion and growth. The market's segmentation provides insights into specific growth areas. For example, the demand for specific alloy types (1J6, 1J12, 1J16) may vary based on their unique properties and suitability for different applications. Similarly, the medical equipment field is expected to witness substantial growth due to the increasing prevalence of minimally invasive surgical procedures and demand for advanced medical devices. Geographical variations in market growth are anticipated, with regions such as Asia Pacific potentially experiencing faster growth due to rapid industrialization and rising disposable incomes. Continuous monitoring of technological advancements, regulatory changes, and evolving consumer preferences will be crucial for players aiming to navigate and capitalize on market opportunities in the coming years. Strategic collaborations, investments in research and development, and effective supply chain management will be instrumental in achieving sustainable market leadership.

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.

The global aluminum alloy tail plate market is experiencing robust growth, driven by increasing demand across diverse sectors. The market, estimated at $2.5 billion in 2025, is projected to witness a Compound Annual Growth Rate (CAGR) of 6% from 2025 to 2033, reaching approximately $4.2 billion by 2033. This expansion is fueled primarily by the burgeoning logistics and transportation industries, where lightweight yet durable tail plates are crucial for enhancing fuel efficiency and reducing overall operational costs. The rising adoption of aluminum alloy tail plates in the postal and petrochemical sectors further contributes to market growth. Furthermore, stringent regulations regarding vehicle emissions and increasing focus on sustainable transportation solutions are compelling manufacturers to adopt lighter materials like aluminum, further boosting market demand. The folding tail plate segment currently dominates the market due to its cost-effectiveness and ease of installation. However, the cantilever and vertical tail plate segments are anticipated to experience significant growth over the forecast period, driven by their suitability in specific applications demanding greater load-bearing capacity and improved aerodynamic performance. Geographic growth is expected to be diverse with North America and Asia-Pacific showing strong growth propelled by robust industrial development and infrastructural expansion in these regions. Key restraints include fluctuating aluminum prices, which directly impacts manufacturing costs, and potential supply chain disruptions. However, ongoing research and development efforts focused on improving the strength-to-weight ratio of aluminum alloys, coupled with advancements in manufacturing processes, are expected to mitigate these challenges. Leading players in the market, including ALCOA, Novelis, Arconic, Constellium, and UACJ Corporation, are investing heavily in research and development to expand their product portfolios and cater to the growing demand for specialized aluminum alloy tail plates. Competitive strategies focusing on product innovation, strategic partnerships, and geographic expansion will be crucial for sustained success in this dynamic market.

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 metals market, valued at $90 billion in 2025, is projected to experience steady growth, exhibiting a compound annual growth rate (CAGR) of 2.9% from 2025 to 2033. This growth is fueled by several key factors. The burgeoning automotive industry, particularly the rise of electric vehicles (EVs), significantly drives demand for lightweight, high-strength aluminum alloys in vehicle bodies and components. Furthermore, the construction sector's increasing adoption of aluminum for building facades, roofing, and window frames contributes substantially to market expansion. The packaging industry also plays a crucial role, with aluminum cans and foil continuing to be preferred materials due to their recyclability and barrier properties. Technological advancements in aluminum processing and alloy development are leading to the creation of even stronger, lighter, and more versatile materials, further propelling market growth. However, certain challenges could potentially restrain market expansion. Fluctuations in aluminum prices, driven by raw material costs and global economic conditions, can impact market dynamics. Concerns regarding the environmental impact of aluminum production, including energy consumption and greenhouse gas emissions, are prompting the industry to adopt more sustainable practices. The increasing competition from alternative materials, such as plastics and steel in certain applications, also presents a challenge. Despite these constraints, the overall outlook for the aluminum metals market remains positive, driven by the continued growth in key end-use sectors and the ongoing development of innovative aluminum alloys and manufacturing processes. Major players like Alcoa, Rio Tinto Alcan, and Rusal are actively investing in research and development to maintain their market positions and capitalize on emerging opportunities.

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).

The global aluminum-based master alloy market is experiencing robust growth, driven by increasing demand across diverse sectors. While precise market size figures for 2025 are unavailable, a reasonable estimate, considering typical industry growth rates and reported CAGRs for related materials, places the market value at approximately $5 billion in 2025. This is projected to grow at a Compound Annual Growth Rate (CAGR) of 6% from 2025 to 2033, indicating significant market expansion. Key drivers include the automotive industry's push for lightweighting and improved fuel efficiency, the burgeoning renewable energy sector's need for high-performance alloys in solar panels and wind turbines, and the ongoing construction boom requiring durable and lightweight materials. The packaging industry also significantly contributes to the market, particularly with the increasing focus on sustainable packaging solutions. The market is segmented by alloy type (primary and secondary aluminum-based) and application (packaging, energy, automotive, construction, and others). Competition is largely concentrated among several major players and smaller regional manufacturers. The market faces some restraints, such as fluctuating aluminum prices and the potential impact of economic downturns on construction and automotive manufacturing. However, the overall long-term outlook remains positive due to the enduring demand for aluminum alloys in these growth sectors. Growth is expected to be most pronounced in the Asia-Pacific region, driven by rapid industrialization and infrastructural development, particularly in China and India. North America and Europe will also exhibit healthy growth, albeit at a slightly slower pace compared to Asia-Pacific. The primary aluminum-based master alloy segment is anticipated to retain a larger market share due to its superior properties, though secondary aluminum-based alloys are expected to see increased adoption due to their cost-effectiveness and environmental sustainability. Innovation in alloy composition and manufacturing processes will be critical for companies aiming for market leadership. Furthermore, strategic partnerships and mergers & acquisitions will likely shape the competitive landscape during the forecast period. The focus on sustainability and environmentally friendly production methods will also be crucial for long-term success in this market.

The global market for aluminum and aluminum alloy plates and strips 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, based on industry reports and observed trends, suggests a market size exceeding $50 billion in 2025, exhibiting a Compound Annual Growth Rate (CAGR) of approximately 5-7% from 2025 to 2033. This growth is fueled by several key factors, including the expanding automotive and aerospace industries, where lightweight yet durable aluminum alloys are essential. Construction and infrastructure development also significantly contribute to demand, as aluminum's corrosion resistance and recyclability make it an attractive material for building applications. Furthermore, the growing electronics industry necessitates high-quality aluminum plates and strips for various components, further stimulating market expansion.
However, fluctuating aluminum prices, influenced by global economic conditions and raw material availability, pose a significant challenge. Supply chain disruptions and environmental concerns regarding aluminum production also act as restraints. The market is segmented based on alloy type (e.g., 6061, 5052, 3003), product form (plates vs. strips), and end-use industry (automotive, aerospace, construction, etc.). Major players like Alcoa, Rio Tinto, Novelis, and others dominate the landscape, with increasing competition from emerging players in regions like Asia. Despite challenges, the long-term outlook remains positive due to ongoing technological advancements in aluminum alloys and their increasing adoption in sustainable applications.