Aluminum rose to 2,644.95 USD/T on July 21, 2025, up 0.34% from the previous day. Over the past month, Aluminum's price has risen 2.12%, and is up 15.02% 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.

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.

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.

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%

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%

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Aluminum Market Size 2025-2029

The aluminum market size is forecast to increase by USD 37.87 billion at a CAGR of 3.9% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing demand for this lightweight metal in the electric vehicle (EV) industry. As automakers shift towards producing more fuel-efficient and environmentally friendly vehicles, the adoption of aluminum in EVs is on the rise, presenting a lucrative opportunity for market participants. Furthermore, the use of aluminum in various end-user industries, such as construction, packaging, and transportation, continues to expand due to its versatility and strength-to-weight ratio.
To capitalize on the market's growth potential and navigate the challenges, industry players must remain agile and adapt to the evolving market landscape. Companies can explore opportunities in emerging applications, such as aerospace and renewable energy, while implementing cost-effective production methods and optimizing their supply chain to mitigate the impact of price fluctuations.

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

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The aluminum sector experiences dynamic market activity, driven by various trends and factors. Aluminum's versatility in the aerospace industry and electric vehicles market continues to fuel demand. Solar energy integration in aluminum processing enhances its sustainability, while recycled secondary aluminum reduces environmental concerns. Battery technology advances, such as aluminum-ion batteries for electrical applications, further expand aluminum's reach. Strict regulations in residential real estate contribute to increased home loan disbursements and registrations, boosting demand for aluminum in building and construction.

The 3D printing revolution offers new opportunities for secondary aluminum usage, adding to the sector's growth momentum. Bauxite mining remains a crucial source, ensuring a steady supply for the aluminum industry. However, the market faces challenges, including the volatility of London Metal Exchange (LME) prices for aluminum. This price instability can impact the profitability of companies in the aluminum value chain, necessitating effective risk management strategies and price hedging techniques.

How is this Aluminum Industry 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 industries, including aerospace, automotive, rail transportation, marine, construction, electrical applications, and renewable energy. Aluminum's popularity stems from its lightweight, strong, and corrosion-resistant properties. In the transportation sector, aluminum is extensively used due to its ability to reduce overall vehicle weight, enhance fuel efficiency, and increase load capacity. The aerospace industry, in particular, relies heavily on aluminum, accounting for approximately 76%-79% of its composition.

Aluminum alloys, such as 7075, which contains aluminum, zinc, magnesium, and copper, are widely used in aerospace applications for fuselage, doors and floors, passenger seats, engine turbines, and cockpit instrumentation. Additionally, aluminum is a key component in the manufacturing of electric vehicles and their batteries, such as aluminum-ion batteries. Furthermore, aluminum is utilized in the construction industry for wrought alloys and cast products, solar energy applications, and the flexible packaging sector. Bauxite ore mining and scrap metal are essential sources for secondary aluminum production. Environmental concerns are increasingly influencing the aluminum sector, with a focus on sustainable mining practices and the recycling of scrap metal.

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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.

The Aluminum market is witnessing robust growth driven by innovation and sustainability. The rise of the aluminum-ion battery as a viable energy storage solution is revolutioni

Predicting the aluminum price forecast is a complex task that requires analyzing several macro and microeconomic indicators. This article explores factors that could impact the aluminum price forecast, including demand-supply dynamics, technological advancements, and political disruptions. Read on for insights into the aluminum market and expert predictions for the coming years.

The U.S. secondary aluminum market stood at $9.3B in 2024, therefore, remained relatively stable 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 throughout the analyzed period. Secondary aluminum consumption peaked at $11B in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

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.

In 2024, the U.S. alumina and primary aluminum market decreased by -4.7% to $12.6B, falling for the second consecutive year after two years of growth. The market value increased at an average annual rate of +1.4% over the period from 2013 to 2024; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $16.8B in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

This statistic depicts a projection of the worldwide demand for lithium for aluminum from 2019 to 2030. In 2030, the demand for lithium in aluminum alloys is expected to reach ** metric tons of lithium carbonate equivalent. Aluminum-lithium alloys are a lighter alternative to regular aluminum, and are mainly used by the aerospace industry.

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

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).

Aluminum Market Outlook

The global aluminum market size was valued at approximately USD 150 billion in 2023 and is anticipated to reach around USD 220 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.2% during the forecast period. The robust growth of the aluminum market can be attributed to the increasing demand from various end-use sectors such as automotive, construction, and packaging. The lightweight and high-strength characteristics of aluminum make it a preferred choice over other metals in various applications, contributing significantly to its market expansion. The ongoing industrialization and urbanization in emerging economies are also key factors driving the demand for aluminum.

The growing emphasis on reducing carbon emissions has positioned aluminum as a crucial material in the automotive and aerospace industries. Automakers are increasingly using aluminum to manufacture lightweight vehicles that enhance fuel efficiency and meet stringent regulatory requirements for emissions. Additionally, the aerospace sector is leveraging aluminum's strength-to-weight ratio to develop more efficient aircraft. This trend toward sustainability and efficiency is a significant growth driver for the aluminum market. Furthermore, technological advancements in aluminum processing and recycling are increasing its appeal and application scope, further propelling market growth.

The construction industry is another significant driver of aluminum demand, with aluminum being utilized for its durability, corrosion resistance, and aesthetic appeal in building applications. The resurgence in residential and commercial construction projects, particularly in developing countries, is boosting the demand for aluminum extrusions and sheets. Additionally, the push towards green building practices has increased the utilization of aluminum due to its recyclability and energy efficiency. This sector's growth, supported by government initiatives and investments in infrastructure, is expected to sustain the demand for aluminum in the long term.

Moreover, the expanding use of aluminum in the packaging industry, particularly in food and beverage containers, is fueling market growth. Aluminum's properties of being lightweight and having excellent barrier resistance make it an ideal packaging material. The shift towards sustainable packaging solutions has further accelerated the adoption of aluminum, as it is recyclable and helps reduce carbon footprint. With the increasing consumer preference for convenient and environmentally friendly packaging, the demand for aluminum in the packaging sector is projected to rise steadily.

Aluminium has become an indispensable material across various industries due to its unique properties such as lightweight, corrosion resistance, and high thermal conductivity. In the automotive sector, aluminium's ability to reduce vehicle weight without compromising safety makes it a preferred choice for manufacturers aiming to enhance fuel efficiency and meet emission standards. Similarly, in the construction industry, aluminium's durability and aesthetic appeal make it ideal for modern architectural designs. The metal's recyclability further enhances its appeal, aligning with global sustainability goals and reducing environmental impact. As industries continue to innovate, the demand for aluminium is expected to grow, driven by its versatility and performance benefits.

Regionally, Asia Pacific dominates the aluminum market, driven by the large-scale production and consumption in countries like China and India. The region's rapid industrialization, coupled with urbanization and infrastructure development, is a major factor contributing to its leading position in the market. North America and Europe are also significant regions due to their advanced automotive and aerospace industries. The Middle East & Africa and Latin America are expected to experience moderate growth, supported by investments in infrastructure and construction activities.

Product Type Analysis

The aluminum market is segmented into various product types, including primary aluminum, secondary aluminum, aluminum extrusions, aluminum sheets and plates, aluminum foils, and others. Primary aluminum, produced directly from bauxite ore, remains a vital segment due to its widespread application across industries. The demand for primary aluminum is largely driven by the transportation and construction sectors, where the need for high-quality, dura

Forecast: Aluminum Production in Indonesia 2022 - 2026 Discover more data with ReportLinker!

Total aluminum semis demand in North America is forecasted to reach 25 million metric tons by 2050. This means around a 64 percent increase in demand compared to the forecasted semis demand in 2025.

Market Analysis for Aluminum The global aluminum market was valued at approximately 91,060 million in 2025 and is projected to grow at a CAGR of 3.4% from 2025 to 2033. The increasing demand for aluminum in various industries, such as construction, transportation, and packaging, is driving the market growth. Additionally, the rising urbanization, industrialization, and infrastructure development in emerging economies are further contributing to the market expansion. Key drivers of the aluminum market include the surge in construction activities, particularly in the Asia Pacific region, as well as the growing demand for lightweight materials in the automotive and aerospace industries. The increasing use of aluminum in electrical and electronic applications, such as cables, conductors, and heat sinks, is also bolstering market growth. Furthermore, the development of new and innovative aluminum alloys with improved properties is creating opportunities for market expansion. However, factors such as supply chain disruptions, fluctuating raw material prices, and increasing environmental regulations pose potential challenges to the market growth.

Sweden Aluminum Market was valued at $2.98 Bn in 2023 and is expected to reach $3.75 Bn by 2030 due to rising machinery and equipment manufacturing.

Forecast: Aluminum Production in the US 2024 - 2028 Discover more data with ReportLinker!

The Aluminum Market report segments the industry into Processing Type (Castings, Extrusions, Forgings, Flat Rolled Products, Pigments and Powders), End-User Industry (Automotive, Aerospace and Defense, Building and Construction, Electrical and Electronics, Packaging, Industrial, Other End-User Industries), and Geography (Asia-Pacific, North America, Europe, South America, Middle-East and Africa).