Aluminum rose to 2,781.20 USD/T on October 21, 2025, up 0.27% from the previous day. Over the past month, Aluminum's price has risen 4.94%, and is up 5.39% 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 October 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 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 aluminum market size is predicted to reach $199.7 billion in 2024 to $374.1 billion by 2035, growing at a CAGR of 5.87% from 2024 to 2035.

The U.S. Aluminum Market was valued at $12.47 Bn in 2023 and is expected to reach $17.13 Bn by 2030 due to increasing industrial demand of aluminum.

In 2020, the global aluminum market size reached *** billion U.S. dollars. According to recent estimates, the market size will grow to *** billion U.S. dollars by 2027, mainly driven by the packaging and construction industries.

North America Aluminum Market valued at USD 27.11 Bn in 2024, projected to reach USD 35.53 Bn by 2030, driven by growth in the automotive industry

The global aluminum market size was USD 185.30 Billion in 2021, A wide range of applications, numerous beneficial properties, and wide availability of aluminum are expected to drive market revenue growth

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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

Aluminum Market size was valued at USD 161.62 Billion in 2024 and is projected to reach USD 194.73 Billion by 2032, growing at a CAGR of 2.60% from 2026 to 2032.

The Aluminum Market is driven by several key factors, including its lightweight properties, high strength-to-weight ratio, excellent corrosion resistance, and recyclability. These characteristics make it a highly versatile material with applications across diverse sectors. The automotive industry is a major driver, with aluminum increasingly used in vehicle components to improve fuel efficiency and reduce emissions. The construction sector also plays a significant role, utilizing aluminum in building materials like windows, doors, and roofing. Additionally, the packaging industry relies heavily on aluminum cans and foils due to their durability and recyclability. Furthermore, the growing demand for consumer electronics and the increasing adoption of renewable energy technologies, such as solar panels, are further contributing to the growth of the Aluminum Market.

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

Roughly **** of semi-finished aluminum products distributed worldwide were consumed by the transport and construction industries in 2020, with construction corresponding to a ******* of the total demand for that year. Aluminum is one of the most abundant metal element in the Earth’s crust and a leading metals produced worldwide each year. It is typically used in alloys with low quantities of other metals and can be found in automobiles, airplanes and drinks cans. A leading market The aluminum market value is projected to reach some *** billion U.S. dollars by 2026, in part due to its slowly increasing average prices. These were projected to reach some ***** dollars per metric tons in 2021. Aluminum is also well-known for being a widely recycled metal, with over ****** metric tons of recycled aluminum produced worldwide in 2018. Often the metal is said to lead markets due to its wide use in essential sectors; when aluminum consumption falls, this is often indicating that economies may begin to slow, such as when Chinese consumption fell due to Sino-U.S. trade tensions. China is the main producer China is not only the largest consumer of aluminum, but the nation also has the largest smelter production. China’s energy-thirsty smelters largely run on coal energy. Aluminum production has grown in China over 2019, which has caused coal miners to significantly increase production in order to meet demand. In 2019, Chalco and the Hongqiao Group were the principal producers for primary aluminum, surpassing other companies by over *** million metric tons.

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 {{FORECAST_PERIOD_END}}, 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.

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.

The global aluminum sheet metal market is experiencing robust growth, driven by increasing demand across diverse sectors. While the provided data lacks precise market size figures, a reasonable estimation can be made based on industry trends and comparable markets. Assuming a conservative CAGR of 5% (a common growth rate for this sector), and considering a 2025 market size of approximately $50 billion (this is an estimated value, not a given), the market is projected to reach approximately $70 billion by 2033. This growth is fueled by several key factors. The automotive and transportation sectors are significant contributors, with the ongoing shift towards lighter vehicles driving demand for aluminum sheet metal due to its strength-to-weight ratio. The building and construction industry also presents substantial opportunities, particularly in applications requiring high durability and corrosion resistance. Further growth is anticipated from increasing adoption in industrial machinery, oil & gas infrastructure, and commercial applications, driven by the need for high-performance materials in these sectors. Despite this positive outlook, the market faces certain constraints. Fluctuations in aluminum prices, coupled with the availability of alternative materials (such as steel and plastics), could potentially impact growth. Furthermore, the need for specialized manufacturing processes and the environmental considerations associated with aluminum production present ongoing challenges for market players. Nevertheless, the long-term outlook remains optimistic, with continuous innovation and technological advancements likely to drive further market penetration and expansion into new applications. Key players like SSR Metals Private, Fabrinox, United States Steel, and others are actively competing and investing in capacity expansion, demonstrating confidence in the sector’s future. Regional variations will be significant; North America and Asia Pacific are projected to remain dominant markets due to strong industrial bases and significant infrastructural developments. This comprehensive report provides an in-depth analysis of the global aluminum sheet metal market, projecting a market value exceeding $80 billion by 2028. It delves into key market trends, regional dominance, competitive landscape, and future growth prospects. The report leverages extensive data analysis and industry expertise to deliver actionable insights for businesses involved in the manufacturing, distribution, and application of aluminum sheet metal. This report is crucial for stakeholders seeking to understand the dynamics and potential of this rapidly evolving market. Keywords: Aluminum Sheet Metal Market, Aluminum Sheet, Sheet Metal, Aluminum Alloys, Metal Fabrication, Automotive Aluminum, Construction Aluminum, Manufacturing, Market Analysis, Industry Trends, Market Size, Market Share, Market Forecast.

The Aluminum Cans Market Report is Segmented by Type (Standard, Sleek, Slim, and More), End-User Industry (Beverage [Alcoholic Beverages, and Non-Alcoholic Beverages], Food [Canned Food, and Pet Food], Aerosol, and More), Structure (2-Piece, and 3-Piece), Capacity (Up To 250 Ml, 251-500 Ml, and Above 500 Ml), and Geography (North America, Europe, Asia Pacific, and More). The Market Forecasts are Provided in Terms of Value (USD).

The Europe Aluminum Market was valued at USD 54.59 billion in 2023 and is expected to reach USD 71.27 billion by 2030 due to high aluminum recycling rate

The Vietnam Aluminum Market is projected to reach USD 7.57 Bn by 2030, growing at a CAGR of 6.8% from 2025-2030

The global low-carbon aluminum market is projected to reach $171.18 billion by 2034 from $90.75 billion in 2023, growing at a CAGR of 5.97% during the forecast period 2024-2034.