Aluminum fell to 2,588.10 USD/T on July 31, 2025, down 0.73% from the previous day. Over the past month, Aluminum's price has fallen 0.54%, but it is still 12.72% 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 July of 2025.

This statistic represents the global aluminum consumption forecast from 2021 to 2029, at a compound annual growth rate of *** percent. In 2021, global aluminum consumption is projected to amount to some **** million metric tons. Aluminum usage for industrial production Thanks to its light weight, durability, and malleability, aluminum is a highly used metal in consumer goods, electronics, and vehicle production. In 2020, roughly ** percent of total aluminum globally was used by the transport sector for manufacturing and production. The trend towards high industrialization across the globe triggered a demand increase for all types of metals necessary for production. In 2020, the size of the global aluminum market was *** billion U.S. dollars. This market is expected to reach approximately *** billion U.S. dollars by 2026. As of 2020, the top three major importers of aluminum and aluminum products were the United States, Germany, and China. The top three exporters were the same countries that same year. Aluminum recycling Primary aluminum production is an very energy-intensive process and this induces organizations to repurpose waste aluminum. Across the globe, firms recycle aluminum to meet the increasing demand and gain profits. The price of one pound of recycled aluminum cans was ** U.S. cents in 2018, down from ** U.S. cents per pound in 2017. This rapid decline in the price of recycled aluminum suggests a surge in aluminum recycling and increasing efficiency of the recycling process worldwide. In 2018, the production volume of recycled aluminum in Asia reached roughly ** million metric tons, up from *** million metric tons in 2014. Nonetheless, not all aluminum waste is recycled. In North America, only ** percent of total aluminum waste was recycled between 2015 and 2017.

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.

Throughout this year, global aluminum prices continuously grew and in October 2021 gained 62% compared to October 2020. China's output has decreased due to restrictions on energy usage and halted production at a 300K-ton capacity factory in Yunnan province. As a consequence, the average yearly price in 2022 is projected to rise by 6% y-o-y. Despite rising prices, the U.S., the world´s largest aluminum importer, expanded its purchases by 4.5% against 2020.

Aluminum Extrusion Market Size, Share & Analysis Report by Product (Powder-coated and Anodized), By End-User and By Region - Global Opportunities & Forecast, 2021-2028

Snapshot img

The aluminum casting market share is expected to increase by 5944.8 thousand MT from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 6.24%.

This aluminum casting market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers aluminum casting market segmentation process (die casting, permanent mold casting, and others), application (automotive, heavy machinery and industrial, aerospace and defense, construction, and Others), and geography (APAC, Europe, North America, MEA, and South America). The aluminum casting market report also offers information on several market vendors, including Alcoa Corp., Aluminum Corp. of China Ltd., ATEK Metal Technologies LLC, Consolidated Metco Inc., Dynacast, Endurance Technologies Ltd., Kaiser Aluminum Corp., NEMAK SAB de CV, Rio Tinto Ltd., and United Company Rusal IPJSC among others.

What will the Aluminum Casting Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Aluminum Casting Market Size for the Forecast Period and Other Important Statistics

'The growing use of aluminum casting in the automotive industry is notably driving the India aluminum casting market growth.'

Aluminum Casting Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The growing use of aluminum casting in EVs is notably driving the aluminum casting market growth, although factors such as increasing use of advanced steels in automotive body parts may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the aluminum casting industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Aluminum Casting Market Driver

The growth in the electric vehicles (EV) market is expected to drive the growth of the global aluminum casting market during the forecast period. The growth in the electric vehicles (EV) market is expected to drive the growth of the global aluminum casting market during the forecast period. Also, the increasing demand for lightweight vehicles is notably supporting the Europe aluminum welding wires market growth. Aluminum finds applications in various parts of a vehicle, such as the chassis, body, and wheels. In addition, aluminum is also used in the compartment that carries electric batteries in EVs. The thermal transfer capabilities of aluminum help in regulating the temperature around the battery modules in warm or cold weather. EVs are gradually emerging as the future of the automotive industry. Norway is one of the major markets for electric cars as the volume sales of electric cars in the country had crossed 40% of the total new car sales in 2019. According to IEA estimates, by 2025, electric cars will account for more than 18% of the total cars on the road in the US. In 2019, the volume sales of electric cars worldwide crossed 2 million units. Although the US was the major market for electric cars until 2015, China emerged as a major market in 2016. Therefore, the growth of the electric car market is expected to drive the growth of the global aluminum castings market during the forecast period.

Key Aluminum Casting Market Trend

The rise in technological advancements is another driver expected to influence the growth of the global aluminum casting market during the forecast period. The adoption of new technologies like simulations and automated systems is increasing due to the growing demand and competition of aluminum casting globally, which helps in reducing time, labor cost, operational cost, and human errors in the manufacturing process. Simulation is majorly driven by the increasing demand for customized castings from OEMs. Simulation-based casting results in the production of reliable and high-accuracy cast components. For instance, Pentz Cast Solutions Aluminum Foundry & Aluminum Castings has developed an innovative automated green sand molding process. The automated system can produce 150 molds per hour with a smooth surface finish. Thus, the rise in technological advancements will undeniably influence the growth of the global aluminum casting market during the forecast period.

Key Aluminum Casting Market Challenge

Increasing use of advanced steel in automotive body parts will be a major hindrance to the aluminum casting market growth. One of the major challenges for the global aluminum casting market is the increasing use of advanced steel for automotive body parts. For instance, Audi, a major automaker, has shifted from a full aluminum body for its A8 model and is using steel instead. The model will be made up of over 40% s

Learn about the factors influencing LME aluminium prices and the promising forecast for 2021-2022, driven by the growing demand from developing countries and the electric vehicle, aerospace, and military industries.

The global Aluminum Foil market size reached USD 25.34 Billion in 2021 and is expected to reach USD 40.41 Billion in 2030 registering a CAGR of 5.5%. Aluminum Foil industry report classifies global market by share, trend, growth and based on product type, thickness, application, end-use, and region

Global Aluminum Product From Purchased Aluminum market size 2021 was recorded $130.54 Billion whereas by the end of 2025 it will reach $161.1 Billion. According to the author, by 2033 Aluminum Product From Purchased Aluminum market size will become $245.37. Aluminum Product From Purchased Aluminum market will be growing at a CAGR of 5.4% during 2025 to 2033.

The Cuban aluminum market contracted rapidly to $X in 2021, waning by -52.8% against the previous year. Overall, consumption showed a abrupt descent. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

In 2021, North America was the world's largest recycler of aluminum, having accounted for a **** percent share of global aluminum recycling. However, by 2027, it is forecast that the Asia-Pacific region will become the world's largest aluminum recycling region, at **** percent compared with its 2021 recycling share of **** percent.

Snapshot img

The aluminum hydroxide market size has the potential to grow by USD 672.37 million during 2020-2025, and the market’s growth momentum will accelerate at a CAGR of 4%.

This report provides a detailed analysis of the market by application (chemical, flame retardant, filler, antacid, and others), geography (APAC, North America, Europe, South America, and MEA), and key vendors.

Market Overview

Browse TOC and LoE with selected illustrations and example pages of Aluminum Hydroxide Market

Request a FREE sample now!

Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

Alcoa Corp.
Almatis BV
Aluminum Crop. of China Ltd.
American Elements
Hindalco Industries Ltd.
Kaiser Aluminum Corp.
Nabaltec AG 
Nippon Light Metal Holdings Co. Ltd.
SHOWA DENKO K.K.
Sumitomo Chemical Co. Ltd.

The aluminum hydroxide market is fragmented and the vendors are deploying growth strategies such as M&A to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.

The market players also significantly leverage external market drivers such as increasing demand for antacids to achieve growth opportunities. However, factors such as increasing prices of aluminum hydroxide will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the aluminum hydroxide market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies,

This aluminum hydroxide market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

Aluminum Hydroxide Market: Key Drivers and Trends

      The increasing demand for antacids is one of the key factors expected to fuel the aluminum hydroxide market growth in the forthcoming years. 
      Antacids are increasingly being used to treat chronic conditions, including GERD. GERD is often caused by the backflow of stomach contents including gastric acid into the esophagus. 
      The use of antacids, including aluminum hydroxide gel powder, offers quick relief from heartburn caused by gastroesophageal reflux disease and indigestion, in turn, increasing its demand in pharmaceutical preparation.
      As it is a highly neutralizing insoluble antacid with anti-proteolytic properties, aluminum hydroxide is used as an adjuvant in adsorbed vaccines.
      Using aluminum hydroxide increases the potency of vaccines and reduces the incidence of undesirable reactions by delaying the release of antigens. 
      The above-mentioned factors are likely to drive the aluminum hydroxide market growth.




      The increased demand from the flame retardants industry is one of the key aluminum hydroxide market trends, which will drive the market growth during the forecast period.
      Aluminum hydroxide is extensively used for manufacturing flame retardants for several applications in end-use industries, such as building and construction, electronics, and plastics and polymers. 
      Aluminum hydroxide polyester resin provides equivalent fire retardancy at lower costs and produces considerably less smoke when exposed to combustible environments.
      The excellent flame retardancy of aluminum hydroxide is based on its endothermic decomposition into aluminum oxide and water, and only non-toxic and non-corrosive decomposition product is formed during these processes.
      The demand for aluminum hydrogen flame retardants is expected to accelerate at a steady rate during the forecast period. 

Grab your Free Sample now to unlock further information on other key market drivers

Aluminum Hydroxide Market: Segmentation by Geography

For more insights on the market share of various regions Request for a FREE sample now!

51% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for aluminum hydroxide in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The growing use of antacids in the emerging end-user industries across all the developing economies is one of the prime factors that will facilitate the aluminum hydroxide market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

Aluminum Hydroxide Market: Segmentation by Application

Request for a

The global aluminum processing market size was valued at USD 125.6 billion in 2021 and is projected to expand at a CAGR of 6.2% from 2022 to 2030. The increasing demand for aluminum in the automotive, construction, and aerospace industries, coupled with rising urbanization and population growth, is driving the demand for aluminum processing. Furthermore, the growing emphasis on lightweight and fuel-efficient vehicles, along with the increasing penetration of electric vehicles, is expected to further contribute to the market growth over the forecast period. The market for aluminum processing is segmented based on application, type, and region. By application, the automotive industry segment accounted for the largest market share in 2021. The high strength-to-weight ratio, corrosion resistance, and durability of aluminum make it a preferred material for automotive lightweighting, which is a key trend in the automotive industry. By type, the electrolytic aluminum segment is expected to witness the highest CAGR during the forecast period. This is attributed to the increasing demand for aluminum in various industries, including automotive, construction, and aerospace. The Asia Pacific region is anticipated to dominate the aluminum processing market in terms of both value and volume. The growing automotive and construction sectors in the region, coupled with increasing disposable income and rapid urbanization, are expected to support the regional market growth.

The global aluminum market was 58 million tons in 2021, It reached 66.64 million tons in 2024. the aluminum market is projected to reach around 102 million tons by 2031, growing at a CAGR of 5.9% from 2024 to 2034.

With around 7.1 million metric tons of aluminum produced, Chinalco was the world's largest aluminum producing company in 2022. Hongqiao, Rusal, and Xinfa were also ranked among the largest aluminum producers globally at that time. Together, China-based Chinalco and the Hongqiao Group represented an output of over 13 million metric tons in 2022. China’s dominance in the aluminum industry The aluminum market has been dominated by China, both in terms of production and international trade. In 2021, China's aluminum production amounted to over 38 million metric tons. In 2022, total value of China's aluminum exports was 34.7 billion U.S. dollars. Not only does China's success with aluminum output depend on factories with high production capacities, but China also has some of the largest bauxite reserves in the world. This vertical integration gives China a significant advantage in the global aluminum industry. Outlook of aluminum prices Between 2018 and 2020, average global aluminum prices slumped to just over 1,700 U.S. dollars per metric ton. This price dip started in 2018 due to concerns over the global economy and the slowing industrial growth in China. However, since then, average aluminum prices have begun to increase considerably, to nearly 3,500 U.S. dollars per metric ton in 2022.

Read the latest market analysis on LME Aluminium from CRU and their predictions for the rest of 2021, including expected price ranges and external factors that could impact the market.

Global Aluminum Clad Wire market size 2021 was recorded $3022.62 Million whereas by the end of 2025 it will reach $4109.2 Million. According to the author, by 2033 Aluminum Clad Wire market size will become $7594.58. Aluminum Clad Wire market will be growing at a CAGR of 7.98% during 2025 to 2033.

Snapshot img

The aluminum oxide market size has the potential to grow by 32.95 million MT during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 4.80%.

This report provides a detailed analysis of the market by application (metallurgical and non-metallurgical), geography (APAC, Europe, MEA, North America, and South America), and key vendors.

Market Overview

Browse TOC and LoE with selected illustrations and example pages of Aluminum Oxide Market

Request a FREE sample now!

Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

Alcoa Corp. Almatis BV Alumina Ltd. Aluminum Corp. of China Ltd. BASF SE Norsk Hydro ASA Rio Tinto Ltd. Sasol Ltd. Sumitomo Chemical Co. Ltd. United Company Rusal Plc

The aluminum oxide market is fragmented and the vendors are deploying growth strategies such as expanding their product portfolio to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.

The market players also significantly leverage external market drivers such as rapid growth in the automotive industry to achieve growth opportunities. However, factors such as issues related to the recycling of aluminum scrap will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the aluminum oxide market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

This aluminum oxide market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

Aluminum Oxide Market: Key Drivers and Trends

The rapid growth in the automotive industry will boost the aluminum oxide market during the forecast period. Aluminum oxide finds several applications in the automotive industry. It is a crucial component used in the manufacture of several ceramic parts in vehicles such as oxygen sensors, fiberglass, heat sinks, spark plugs, electronic displays, and valve plates. Aluminum oxide also acts as separators in battery units of electric vehicles and is used for polishing paint plastics, brake rims, and aluminum rims. The high electrical and thermal properties and the abrasive nature of aluminum oxide are some of the major factors responsible for its high usage in the automotive industry.

The high demand for non-resilient flooring will drive the aluminum oxide market by polishing applications. Aluminum oxide is widely preferred as a polishing material for non-resilient flooring materials such as ceramic, wood, and stone flooring. The abrasive and chemical resistant properties of aluminum oxide make them ideal for polishing and finishing non-resilient flooring surfaces. Several flooring manufacturers use aluminum oxide-based compounds to polish flooring made of wood, ceramics, and stones such as marble and granite to ensure zero defects in the flooring surface structure.

Grab your Free Sample now to unlock further information on other key market drivers

Aluminum Oxide Market: Segmentation by Geography

For more insights on the market share of various regions Request for a FREE sample now!

75% of the market’s growth will originate from APAC during the forecast period. China, Australia, and India are the key markets for aluminum oxide in APAC. Market growth in this region will be faster than the growth of the market in other regions.

High demand for aluminum oxide from the key end-user industries, such as chemicals, electronics, and consumer goods will facilitate the aluminum oxide market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

Aluminum Oxide Market: Segmentation by Application

Request for a FREE sample and Get more information on the market contribution of various segments

The demand for aluminum oxide in metallurgical applications is mainly influenced by the growth in the construction and automotive industries. The use of aluminum in the automobile industry is growing as aluminum is a safe, fast, cost-effective, and one of the most environment-friendly solutions, which aids in boosting fuel economy, reducing emissions, and increasing the overall performance of the vehicle. However, the aluminum oxide market share growth by the metallurgical segment will be slower than the non-metallurgical segment.

T

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 copper and aluminum sorting system market is projected to reach USD 2.5 billion by 2032, growing at a CAGR of 8.3% during the forecast period (2024–2032).
Report Scope: