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.

Discover the factors that affect the price of aluminum, including supply and demand, COVID-19's impact, and trade tensions. Learn about projections for the future of aluminum demand and prices in various industries such as construction and automotive.

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%

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%

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.

The aluminum foil containers market is expected to reach a valuation of US$ 3.8 billion in 2023 and record a CAGR of 5.5%. The valuation is projected to reach US$ 6.5 billion over the forecast period.

Attributes	Details
Aluminum Foil Containers Market Value (2022)	US$ 3.6 billion
Aluminum Foil Containers Market Expected Value (2023)	US$ 3.8 billion
Aluminum Foil Containers Market Forecast Value (2033)	US$ 6.5 billion
Aluminum Foil Containers Market Expected CAGR (2023 to 2033)	5.5%

Report Scope

Attribute	Details
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	US$ million/billion for Value
Key Regions Covered	North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East & Africa
Key Countries Covered	USA, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Benelux, Russia, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Singapore, China, Japan, South Korea, Australia, New Zealand, Turkiye, Egypt, North Africa, South Africa, and GCC Countries
Key Market Segments Covered	Capacity, Product Type, Aluminum Foil Type, End-use, and Region
Key Companies Profiled	Novelis Inc. Pactiv LLC Trinidad Benham Corporation Hulamin Containers Ltd. D & W Fine Pack Penny Plate, LLC Handi-foil of America, Inc. Revere Packaging, Inc. Nicholl Food Packaging Limited Contital srL Nagreeka Indcon Products Pvt. Ltd. Laminazione Sottile S.p.A. Eramco i2r Packaging Solutions Limited Wyda Packaging (Pty) Ltd. Alufoil Products Pvt. Ltd Durable Packaging International Prestige Packing Industry Shanghai Metal Corporation Manaksia Ltd.
Pricing	Available upon Request

Green Aluminum Market size is estimated to grow at a CAGR of around 37.85% during the forecast period 2024-30, green aluminum producers companies are Norsk Hydro, Rusal, Emirates Global Aluminium, Century Aluminum, Vedanta Aluminium, and others.

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 market for aluminum-free deodorant is expected to exhibit significant growth of 9.5% in the upcoming decade, from 2023 to 2033. The global aluminum-free deodorant market is anticipated to reach US$ 4,228.3 million by 2033. As of 2023, the current market valuation is US$ 1,730.4 million.

Attributes	Key Statistics
Expected Base Year Value (2023)	US$ 1,730.4 million
Anticipated Forecast Value (2033)	US$ 4,228.3 million
Estimated Growth (2023 to 2033)	9.5% CAGR

Historical Analysis of the Aluminium-free Deodorant Market

Attributes	Key Statistics
Market Value (2018)	US$ 1,081.0 million
Market Value (2022)	US$ 1,570.6 million
CAGR (2018 to 2022)	9.8% CAGR

Category-wise Outlook

Attributes	Details
Product Type	Roll-ons
Market share	29.5%

Attributes	Details
Packaging type	Plastic Spray bottles
Market share	33.0%

Region-wise Outlook

Region	North America
Value Share in 2023	36.4%

Region	Asia Pacific
Value Share in 2023	13.5%

Country-wise Insights

Country	Value Share in 2023
The United States	32.4%
China	4.2%
Canada	4.0%
India	2.9%

According to Cognitive Market Research, The Global Aluminum Ingot market will expand at a compound annual growth rate (CAGR) of 8.50% from 2023 to 2030.

Aluminum ingot demand is increasing due to increased demand for lightweight vehicles.
In the Aluminum Ingot market, demand for automotive remains robust.
In 2023, Continuous Casting had the greatest revenue share of the Aluminum Ingot market.
Asia Pacific will continue to lead in Aluminum Ingot, while the North American Aluminum Ingot market will develop the most rapidly until 2030.

Increase in Demand in the Automotive Industry to Provide Viable Market Output

A growing emphasis is pushing the increased use of aluminum ingots in the automotive sector on lightweight materials and fuel efficiency. Aluminum's low density makes it an appealing material for automakers, as it reduces vehicle weight and improves fuel economy. Aluminum ingots are used to make a variety of components, such as engine blocks, wheels, and body panels. These components not only reduce the total weight of a vehicle, but they also improve its performance, handling, and corrosion resistance. Furthermore, the recyclability of aluminum coincides with sustainability aims. As the automobile industry continues to promote eco-friendly practices and severe emissions rules, demand for aluminum ingots is likely to climb, confirming the industry's key role.

Rising Growth in Construction to Propel Market Growth

The increased construction activity worldwide is driving up demand for aluminum ingots. Aluminum is an outstanding material for construction because of its unique mix of strength, durability, and corrosion resistance. It can be found in structural elements, facades, roofs, and interior design elements. Aluminum's lightweight nature lessens the burden on buildings while assuring their lifespan. Furthermore, aluminum's eco-friendliness aligns with sustainable construction standards. With the number of worldwide construction projects increasing, particularly in metropolitan areas, the demand for aluminum ingots to support creative and energy-efficient building designs is increasing rapidly, making them a crucial resource in the construction industry's future development.

Rising Demand in Aerospace Sector Fuels the Market Growth

Market Dynamics of the Aluminum Ingot

Fluctuating Prices of Raw Materials to Restrict Market Growth

In the short term, fluctuating raw material prices, notably alumina, and bauxite, represent a substantial threat to the aluminum ingot market. These raw materials are critical in aluminum production, and their price volatility can impact the cost structure of ingot manufacturing. Price changes can disrupt supply networks and create unpredictability in production costs, hurting profit margins. Market actors must respond to these shifts using price risk-mitigation techniques such as negotiating long-term contracts or diversifying raw material suppliers. While variations may momentarily impede the market, they also highlight the need for supply chain resilience and strategic planning in the aluminum ingot business.

Impact of COVID–19 on the Aluminum Ingot Market

The COVID-19 outbreak had far-reaching consequences for the aluminum ingot industry. Initially, the market was disrupted by supply chain disruptions, factory closures, and labor shortages, which impacted aluminum production and ingot supply. Reduced demand in important industries such as automotive and aerospace added to the market's woes. However, as the epidemic spread, the building and packaging industries, which rely heavily on aluminum, showed resiliency, alleviating some of the losses. Furthermore, during the pandemic, the global push for sustainable and lightweight materials, particularly aluminum, gained traction, positively boosting the long-term prospects of the Aluminum Ingot market. Introduction of the Aluminum Ingot Market

The aluminum ingot market accounts for a sizable portion of the worldwide aluminum industry. Metal ingots are the basic metal products produced by smelting and casting aluminum. These ingots are critical raw materials for industries such as automotive, construction, aerospace, and packaging. Demand for lightweight materials, sustainable manufacturing techniques, and regional industrial expansion impact the market. It is critical to the aluminum sector's supply chain, catering t...

The aluminum fluoride market is anticipated to witness a stable growth rate during the next decade, mainly due to its indispensable part in the aluminum smelting industry and the further rising demand in the ceramics and glass manufacturing sectors. The market is expected to scale from USD 2,425.9 million in 2025 to USD 3,166.5 million by 2035, which shows a compound annual growth rate (CAGR) of 2.7% for the forecast period.

Metric	Value
Industry Size (2025E)	USD 2,425.9 million
Industry Value (2035F)	USD 3,166.5 million
CAGR (2025-2035)	2.7%

Country Wise Insights

Country	CAGR (2025-2035)
United States	2.9%

Country	CAGR (2025-2035)
United Kingdom	2.6%

Region	CAGR (2025-2035)
European Union	2.8%

Country	CAGR (2025-2035)
Japan	2.5%

Country	CAGR (2025-2035)
South Korea	2.7%

Market Share Analysis by Company

Company Name	Estimated Market Share (%)
Fluorsid S.p.A.	10-14%
Do-Fluoride Chemicals Co., Ltd.	8-12%
Alufluoride Ltd.	6-9%
Industries Chimiques du Fluor (ICF)	5-8%
PhosAgro Group	3-5%
Other Companies (combined)	40-45%

The Europe aluminium powder market size reached 1,51,580 Tons in 2024. Looking forward, IMARC Group expects the market to reach 1,60,130 Tons by 2033.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	1,51,580 Tons
Market Forecast in 2033	1,60,130 Tons

IMARC Group provides an analysis of the key trends in each segment of the Europe aluminium powder market report, along with forecasts at the regional and country levels from 2025-2033. Our report has categorized the market based on technology, end-use and raw material.

[250 Pages Report] Global Aluminum Chemicals demand is anticipated to be valued at US$ 168 Billion in 2022, forecast to grow at a CAGR of 4.5%to be valued at US$ 260 Billion from 2022 to 2032. Aluminum chemical usage is driven by their numerous applications in the water treatment, oil and gas, and agricultural industries.

Report Attribute	Details
Estimated Base Year Value (2021)	US$ 162 Billion
Expected Market Value (2022)	US$ 168 Billion
Anticipated Forecast Value (2032)	US$ 260 Billion
Projected Growth Rate (2022 to 2032)	4.5% CAGR

Report Scope

Report Attribute	Details
Growth Rate	CAGR of 4.5% from 2022 to 2032
Base Year for Estimation	2021
Historical Data	2015 to 2020
Forecast Period	2022 to 2032
Quantitative Units	Revenue in USD Million and CAGR from 2022 to 2032
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered	End Use Application Region
Regions Covered	North America Latin America Western Europe Eastern Europe Asia Pacific Excluding Japan Japan Middle East and Africa
Key Countries Profiled	USA Canada Brazil Argentina Germany UK France Spain Italy Nordics BENELUX Australia & New Zealand China India ASEAN GCC Countries South Africa
Key Companies Profiled	Krishna Chemicals Sumito chemicals General Chemical USA Hindustan Produce Company
Customization	Available Upon Request

In 2025, the price of platinum is forecast to hover around 1,150 U.S. dollars per troy ounce. Meanwhile, the cost of per troy ounce of gold is expected to amount to 1,700 U.S. dollars.

Precious metals

Precious metals are counted among the most valuable commodities worldwide. The most well known such metals are gold, silver and the platinum group metals. A precious metal can be used as an industrial commodity or as an investment. The major areas of application include the following sectors: technology, car-making, industrial manufacturing and jewelry making. Furthermore, gold and silver are used as coinage metals, and gold reserves are held by the central banks of many countries worldwide in order to store value or for use as a redemption medium. The idea behind this procedure is that gold reserves will help secure and stabilize the countries’ respective currencies. At 8,100 tons, the United States is the country with the most extensive stock of gold. It is kept in an underground vault at the New York Federal Reserve Bank.

Russia, the United States, Canada, South Africa and China are the main producers of precious metals. Silver is the most abundant of the metals, followed by gold and palladium. Barrick Gold is the world’s largest gold mining company. The Toronto-based firm produced some five million ounces of gold in 2020. The leading silver producers include Mexico-based Fresnillo, Poland’s KGHM Polska Miedž and the mining giant Glencore. Anglo Platinum and Impala are the key mining companies to produce platinum group metals.

In 2023, Silver prices are expected to settle at around 23.5 U.S. dollars per troy ounce. It is expected to remain the precious metal with the lowest value per ounce. The price of gold is forecast to drop to around 1,663 U.S. dollars per ounce, making it the most expensive precious metal in 2023.

In 2023, the global aluminum tubes market was calculated to be valued at US$ 820.83 million. The market is expected to reach approximately US$ 1,415.44 million by 2033, with a growing CAGR of 5.6% from 2023 to 2033.

Attributes	Details
Aluminum Tubes Market CAGR (2023 to 2033)	4.6%
Aluminum Tubes Market Size (2023)	US$ 820.83 million
Aluminum Tubes Market Size (2033)	US$ 1,415.44 million

The market for aluminum foam is estimated to generate a market size of USD 47.4 million in 2025 and would increase to USD 73.4 million by 2035. It is expected to increase its sales at a CAGR of 4.5% over the forecast period 2025 to 2035. Revenue generated from aluminum foam in 2024 was USD 45.6 million

Metric	Value
Industry Size (2025E)	USD 47.4 Million
Industry Value (2035F)	USD 73.4 Million
CAGR (2025 to 2035)	4.5%

Semi Annual Market Update

Particular	Value CAGR
H1	4.3% (2024 to 2034)
H2	4.7% (2024 to 2034)
H1	3.6% (2025 to 2035)
H2	5.4% (2025 to 2035)

Country-wise Insights

Countries	Value CAGR (2025 to 2035)
USA	3.4%
Germany	3%
China	5.4%
UK	2.9%
Spain	4.1%
India	5.6%
Canada	3.2%

Category-wise Insights

Application Type	Market Share (2025)
Automotive & Transportation	30.8%

Product Type	Market Share (2025)
Open-Cell Foam	46.3%

The global aluminum cap & closure market is expected to grow at a CAGR of 4.6% from 2024 to 2034. The market value is projected to increase from US$ 7.5 billion in 2024 to US$ 11.8 billion by 2034.

Attributes	Details
Aluminum Cap & Closure Market Size, 2024	US$ 7.5 billion
Expected Market Valuation, 2034	US$ 11.8 billion
Value-based CAGR (2024 to 2034)	4.6%

Category-wise Insights

Attributes	Details
Product Type	Roll-On-Pilfer-Proof
CAGR (2024 to 2034)	4.5%

Attributes	Details
End-Use Sector	Beverage
CAGR (2024 to 2034)	4.4%

Country-wise insights

Countries	CAGR (2024 to 2034)
United States	4.9%
United Kingdom	5.8%
China	5.3%
Japan	5.1%
South Korea	6.0%

The global recycled aluminum packaging market size has an estimated valuation of USD 7.5 billion in 2024 to a forecasted valuation of USD 13.2 billion by 2034, projected at a CAGR of 5.8%.

Attributes	Description
Estimated Global Recycled Aluminum Packaging Market Size (2024E)	USD 7.5 billion
Projected Global Recycled Aluminum Packaging Industry Value (2034F)	USD 13.2 billion
Value-based CAGR (2024 to 2034)	5.8%

County-wise Insights

Countries	CAGR 2024 to 2034
The United States	4.9%
The United Kingdom	4.6%
China	5.9%
India	6%
Japan	5.6%

Category-wise Insights

Attribute	Details
Cans Type	Cans and Bottles
Value Share in 2024	28%

Attribute	Details
End-use	Food and Beverage
Value Share in 2024	23%

The metal can market share is estimated to show consistent growth throughout the forecast period, expanding at a CAGR of 2%. The metal can market value is expected to expand from US$ 40.4 billion in 2024 to US$ 49.3 billion by 2034.

Attributes	Key Insights
Estimated Metal Can Market Size (2024E)	US$ 40.4 billion
Projected Metal Can Industry Value (2034F)	US$ 49.3 billion
Value-based CAGR (2024 to 2034)	2%

Category-wise Metal Can Industry Insights

Leading Product Type	F-Style Steel Cans
Value Share (2024)	28.70%

Leading Material Type	Steel
Value Share (2024)	45.50%

Metal Can Market Analysis by Country

Countries	Forecast CAGR (2024 to 2034)
The United States	0.7%
Germany	0.5%
China	3.30%
India	4.10%
Thailand	2.70%

[250+ Pages Report] The global aluminum hydroxide market is expected to reach a valuation of US$ 2.8 Bn, exhibiting a CAGR of 5% over the forecast period 2022-2032. In 2022, sales of aluminum hydroxide reached US$ 1.5 Bn.

Report Attribute	Details
Aluminum Hydroxide Market Size (2022)	US$ 1.5 billion
Aluminum Hydroxide Market Size (2032)	US$ 2.8 billion
Aluminum Hydroxide Market Projected Growth Rate (2022-2032)	5% CAGR

Report Scope

Report Attribute	Details
Growth Rate	5% CAGR from 2022 to 2032
Base Year for Estimation	2021
Historical Data	2015-2021
Forecast Period	2022-2032
Quantitative Units	Revenue in US$ Million, and CAGR from 2022-2032
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered	Grade Form Application End User Region
Countries Covered	North America (USA, Canada) Latin America (Mexico, Brazil, Argentina, Chile, Peru) Western Europe (Germany, Italy, France, UK, Spain, BENELUX, Nordics) Eastern Europe (Russia, Poland, CIS) Asia-Pacific (China, India, ASEAN, South Korea) Japan Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
Key Companies Profiled	Magxid Fine Chem Sumitomo Chemical Co., Ltd. Albemarle Corporation Radhaji Pharma Chem P J Chemicals Avanschem Showa Denko Nabeltec AG Huber Engineered Materials Nashtec LLC MAL Hungarian Aluminium Hindalco Chemicals
Customization	Available Upon Request

In 2023, the global aluminum foil lids market was valued at US$ 1.8 billion. The market is expected to reach approximately US$ 2.8 billion by 2033, with a growing CAGR of 4.8% from 2023 to 2033.

Attributes	Details
Market CAGR (2023 to 2033)	4.8%
Market Valuation (2023)	US$ 1.8 billion
Market Valuation (2033)	US$ 2.8 billion

Scope of Report

Attribute	Details
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	US$ billion for Value
Key Countries Covered	United States, United Kingdom, Japan, India, China, Australia, Germany
Key Segments Covered	Type Sealing Type Embossing Type End User Application Region
Key Companies Profiled	Winpak Ltd. Amcor Limited Constantia Flexibles Group GmbH CLONDALKIN GROUP Watershed Packaging Ltd. Bemis Inc. Tadbik Ltd. Daga Poly Laminators Private Limited Purusharth Packaging Able Packaging Company Bright Packing Co., Ltd. Jiangyin Jinlai Aluminum Plastic Packi.
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing	Available upon Request