Aluminum fell to 2,884.05 USD/T on December 2, 2025, down 0.29% from the previous day. Over the past month, Aluminum's price has fallen 0.99%, but it is still 10.42% 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 December of 2025.

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%

The U.S. secondary aluminum market amounted to $9.3B in 2024, remaining constant against the previous year. The market value increased at an average annual rate of +2.8% from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $11B in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

Total aluminum semis demand in North America is forecasted to reach ** million metric tons by 2050. This means around a ** percent increase in demand compared to the forecasted semis demand in 2025.

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.

For the third consecutive year, the Canadian aluminum market recorded decline in sales value, which decreased by -13.2% to $853M in 2024. Over the period under review, consumption saw a perceptible decline. As a result, consumption attained the peak level of $3.5B. From 2020 to 2024, the growth of the market remained at a lower figure.

This dataset provides values for ALUMINUM reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

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Aluminum Market Size 2025-2029

The aluminum market size is valued to increase USD 37.87 billion, at a CAGR of 3.9% from 2024 to 2029. Increasing demand for aluminum in EVs will drive the aluminum market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 40% growth during the forecast period.
By End-user - Transportation segment was valued at USD 47.9 billion in 2023
By Type - Primary aluminum segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 29.49 million
Market Future Opportunities: USD 37871.00 million
CAGR from 2024 to 2029 : 3.9%

Market Summary

The market encompasses the production, manufacturing, and application of aluminum and its alloys. This dynamic market is driven by the increasing demand for lightweight materials in various industries, including automotive and aerospace, where aluminum's strength-to-weight ratio offers significant advantages. In the automotive sector, the rising adoption of electric vehicles (EVs) is fueling growth, with aluminum expected to account for over 40% of the total material usage in EVs by 2025. However, market fluctuations persist due to the volatility of London Metal Exchange (LME) prices for aluminum, presenting both opportunities and challenges for market participants. Despite these challenges, the market continues to evolve, with ongoing research and development in core technologies such as recycling and alloy production driving innovation and efficiency.

What will be the Size of the Aluminum Market during the forecast period?

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How is the Aluminum Market Segmented?

The aluminum industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Transportation
  Construction
  Packaging
  Electrical engineering
  Others


Type

  Primary aluminum
  Secondary aluminum


Technology

  Extrusion
  Casting
  Rolling
  Others


Geography

  North America

    US
    Canada


  Europe

    Germany
    Italy
    Poland
    Spain


  APAC

    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW)

By End-user Insights

The transportation segment is estimated to witness significant growth during the forecast period.

The market encompasses various processes, including alumina refining, smelting, and powder metallurgy, to produce this versatile metal. Aluminum's extensive applications span industries such as aerospace, automotive, rail transportation, and marine, driven by its lightweight properties and excellent corrosion resistance. In the aerospace sector, aluminum's use is prevalent, accounting for approximately 76%-79% of an aircraft's body. Aluminum alloys, like 7075, are widely adopted, containing aluminum, zinc, magnesium, and copper. In the aerospace industry, aluminum's adoption is significant, with the segment projected to expand by 15% in the upcoming years. Simultaneously, the automotive sector anticipates a 12% increase in aluminum usage due to the metal's fuel efficiency and weight reduction benefits.

The rail transportation and marine industries also contribute to the market's growth, with an expected 9% and 8% rise, respectively. The market's evolution is marked by advancements in processes like die casting, elongation percentage testing, and surface treatment, ensuring enhanced mechanical properties. Furthermore, the electrolysis process plays a crucial role in cathode production, while precision casting and forging techniques enable the creation of intricate shapes. In the realm of aluminum alloys, the market offers a diverse range, each with unique properties catering to various applications. For instance, alloying elements like magnesium, zinc, and copper contribute to increased yield strength and improved fatigue strength.

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The Transportation segment was valued at USD 47.9 billion in 2019 and showed a gradual increase during the forecast period.

Microstructure analysis and conductivity measurement are essential in optimizing alloy compositions. The recycling processes, including secondary aluminum production and anodizing, contribute significantly to the market's sustainability and cost-effectiveness. As the market continues to unfold, rolling mills, anode baking, and grain size distribution analysis will remain crucial in maintaining high-quality aluminum products. In summary, the market is a dynamic and evolving industry, with a strong focus on innovation and sustainability. Its extensive applications across various sectors, such as aerospace, automotive, rail transportation, and marine, underscore its importance in today's economy. The market's cont

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

The amount of available new aluminum scraps in the North America region is forecasted to increase consistently between 2025 and 2050, and the volume is expected to reach about *** million metric tons in 2050. This represents about a ** percent increase in aluminum scraps compared to the forecasted amount in 2025.

The Chinese aluminum market rose markedly to $124.9B in 2024, growing by 9% against the previous year. Over the period under review, consumption enjoyed a resilient increase. Over the period under review, the market attained the peak level at $139.9B in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

The aluminium market size attained a value of USD 157.03 Billion in 2024. The market is expected to grow at a CAGR of 5.65% during the forecast period of 2025-2034. By 2034, the market is expected to reach USD 272.07 Billion.

Construction and urbanization are influencing the aluminum market dynamics as rapid infrastructure development is demanding lightweight, durable, and corrosion-resistant materials. With global urban population, large-scale projects in emerging economies are increasing aluminium consumption. According to industry reports, 68% of the global population is estimated to reside in urban areas by 2050. Innovations in aluminium alloys are further enhancing performance, making it a preferred choice for smart cities and energy-efficient buildings, adding to market growth.

Regulatory frameworks are favoring the aluminium industry by enforcing emissions reductions, promoting transparency, and incentivizing sustainable practices. Mechanisms, such as the European Union’s Emissions Trading System and China's national ETS are compelling aluminium producers to account for their carbon emissions whilst increasing financial pressure on high-emission producers. Certifications such as the Aluminium Stewardship Initiative (ASI) and TÜV Rheinland’s CertAl are providing frameworks for producers to demonstrate compliance with environmental and social standards for enhancing market access and competitiveness.

Recycled aluminium is a major driver of the aluminium market due to its significant energy savings and environmental benefits. As per industry reports, the recycling rate of aluminium packaging globally touched 68.2% in 2024, drastically reducing carbon emissions and costs. As sustainability has become a priority globally, the automotive, packaging, and construction industries are increasingly relying on recycled aluminium to meet green standards and circular economy goals.

According to Cognitive Market Research, the global Aluminum market size was USD 165845.2 million in 2024. It will expand at the compound annual growth rate (CAGR) of 6.20% from the year 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 66338.08 million in the year 2024 and will rise at the compound annual growth rate (CAGR) of 4.4% from the year 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 49753.56 million.
Asia Pacific held a market share of around 23% of the global revenue with the market size of USD 38144.40 million in 2024 and will rise at the compound annual growth rate (CAGR) of 8.2% from the year 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with the market size of USD 8292.26 million in 2024 and will rise at a compound annual growth rate (CAGR) of 5.6% from the year 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 3316.90 million in the year 2024 and will grow at the compound annual growth rate (CAGR) of 5.9% from the year 2024 to 2031.
The transportation held the highest Aluminum market revenue share in 2024.

Market Dynamics of Aluminum Market

Key Drivers for Aluminum Market

Increased Industrial Applications and Infrastructure Development to Increase the Demand Globally

The Aluminum's lightweight, strength, and corrosion resistance make it ideal for the construction, transportation, and electrical industries. In construction, aluminum is used in building facades, window frames, and roofing, while in transportation, it is essential for manufacturing automotive parts, aircraft, and railways. The ongoing global emphasis on infrastructure development, particularly in emerging economies, boosts demand for aluminum. Government initiatives and investments in smart cities and sustainable infrastructure projects further propel the market, leveraging aluminum's recyclability and sustainability advantages.

Growing Demand in the Automotive and Aerospace Sectors to Propel Market Growth

The automotive and aerospace sectors are significant drivers of the aluminum market. In the automotive industry, the push for fuel efficiency and reduced emissions has led to increased use of aluminum for lightweight vehicles. Aluminum components help improve fuel economy and performance while maintaining safety standards. Similarly, the aerospace industry relies on aluminum for its high strength-to-weight ratio, which is essential for aircraft manufacturing. The growth of electric vehicles (EVs) also contributes to aluminum demand, as it is used in battery casings and lightweight vehicle structures.

Restraint Factor for the Aluminum Market

High Energy Consumption and Associated Costs of Aluminum Production to Limit the Sales

The extraction and refinement of aluminum from bauxite ore require substantial amounts of electricity, often sourced from non-renewable energy, leading to high production costs and significant environmental impact. This energy-intensive process can be particularly challenging for producers in regions with high energy costs or stringent environmental regulations. Additionally, fluctuations in energy prices can lead to unpredictable production costs, affecting profitability and market stability. These factors altogether restrict the growth potential of the aluminum market, making cost management and sustainability crucial concerns for industry players.

Impact of Covid-19 on the Aluminum Market

The COVID-19 pandemic had a significant impact on the aluminum market, primarily through disruptions in supply chains and fluctuations in demand. During the initial stages of pandemic, lockdowns and restrictions led to the temporary closure of mines, smelters, and manufacturing plants, causing a sharp decline in aluminum production. This disruption was compounded by logistical challenges, such as limited transportation and port closures, which hindered the movement of raw materials and the finished products. Demand for aluminum also saw considerable shifts. Key consumer industries, such as automotive, construction, and aerospace, experienced reduced activity due to economic uncertainty and project delays. However, certain segments, like packaging, saw increased demand due to heightened consumption of canned g...

The Aluminum Report is Segmented by Processing Type (Castings, Extrusions, Forgings, Flat-Rolled Products, and Pigments and Powders), End-User Industry (Automotive, Aerospace and Defense, Building and Construction, Electrical and Electronics, Packaging, and More), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The Market Forecasts are Provided in Terms of Volume (Tons).

The North American aluminum market size was USD 66338.08 million in the year 2024 and will rise at the compound annual growth rate (CAGR) of 4.4% from the year 2024 to 2031. North America has emerged as a prominent participant, and its sales revenue is estimated to reach USD 97535.3 Million by 2031. This growth is mainly attributed to the robust demand in the automotive, aerospace, and the construction industries.

In 2024, the Australian aluminum market decreased by -6.7% to $368M, falling for the second consecutive year after three years of growth. Overall, consumption continues to indicate a noticeable curtailment. Aluminum consumption peaked at $710M in 2022; however, from 2023 to 2024, consumption failed to regain momentum.

Aluminum Market valuation is estimated to reachUSD 261.22 Bn in 2025 and is anticipated to grow to USD 411.56 Bn by 2032 with steady annual growth rate of 6.7%

View monthly updates and historical trends for Aluminum Price. Source: World Bank. Track economic data with YCharts analytics.

Aluminum Cans Market size is estimated to be valued at USD 54.34 Bn in 2025 and is expected to expand at a CAGR of 3.9%, reaching USD 71.03 Bn by 2032

As per Cognitive Market Research's latest published report, the Global Aluminum Powders market size will be $2,488.60 Million by 2028. Aluminum Powders Industry's Compound Annual Growth Rate will be 2.91% from 2023 to 2030.

The North America Aluminum Powders market size is projected to reach USD 814.14 Million by 2028.

Factors Impacting on Aluminum Powders Market

Surge in the demand for lightweight and fuel-efficient vehicles

The automotive industry includes a wide scope of organizations and associations engaged with the structure, improvement, assembling, showcasing, and selling of engine vehicles. It is one of the world's biggest financial segments by income. Regardless of issues with overcapacity and low benefit, the automotive industry holds solid influence and significance. It is a significant modern and monetary power around the world. It makes approximately 60 million vehicles and trucks a year.

Several factors, such as increasing population, rise in the logistic sector, and increasing transport trends have surged the automotive industry. Rising per capita income is relied upon to drive income development for the worldwide automotive industry. According to the survey, it is projected that the global automotive industry will grow to nine trillion U.S. dollars by 2030.

Consumer requests are changing the business with the digitization of innovation. The car business is offering answers for greener vehicles, public transportation, driving help and self-sufficient driving, savvy framework, and numerous imaginative approaches to fulfil the requests of clients. The vehicle and car parts producing segment specifically is popular for new representatives. Indeed, producing drives the remainder of the car business as far as hours worked and compensation.

As the automotive industry is continuously growing, vehicles are becoming more and more sophisticated with every passing year due to new technologies, competition and innovation. There is a rising market for electric vehicles and autonomous vehicles. Consumer attitude is shifting towards eco-friendly and lightweight vehicles. Due to the overuse of fuel and its extinction, the Government is urging to go for environment friendly

Due to the overuse of fuel and its extinction, the Government is urging to go for environmentally friendly vehicles with less carbon emission. Automakers thus improve their design and engineering systems with each passing year, creating more efficient and higher-performing vehicles. Aluminium powders are widely used in the automotive sector as it is particularly suited for automotive light-weight applications with thin walls and complex geometries. Complex shapes and components, such as those found in engines, can be reliably produced in large quantities through sintering. Further, 3D printing is currently gaining importance. So far, metal 3D printing has mainly proven to be a lucrative investment in the research and development field. Aluminium powder is also used as a solid lubricant in gearboxes, mostly in combination with the corresponding sintering process. Thermal coatings can also be applied using a suitable metal powder. Hence, the surge in the demand for lightweight and fuel-efficient vehicles boosts the growth of the aluminium powders market.

Expanding aviation industry

The aviation sector's activities are very diverse, with a multitude of commercial, industrial and military applications. The aviation manufacturing industry is a high-technology industry which manufactures aviation, guided missiles, space vehicles, aviation engines, propulsion units, and related parts. The global aviation industry is near about worth $838 billion of which Aviation & Engine OEMs represented 28%, Civil & Military MRO & Upgrades 27%, Aviation Systems & Component Manufacturing 26%, Satellites & Space 7%, Missiles & UAVs 5%, and other activity, including flight. Considering the overall commercial aviation market, North American and Europe demand for commercial aviation production is growing at 5.4% and 5.3% respectively.

Industry includes aviation and parts used for civil aviation and military aviation. With rising disposable income and globalization, air passenger traffic has increased. Socio-economic factors are enhancing mobility along with its pillars including air, maritime, and inland. In today’s world, mobility by air, road and water is al...