The China Aluminum Market is expected to reach USD 57.30 billion by 2030, driven by the growth in the automotive sector.

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 Chinese aluminium market expanded modestly to $X in 2022, growing by X% against the previous year. Overall, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Aluminium consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

The total consumption of aluminium in trucks in China was forecast to reach *** million tons by 2030. This increase was related to the forecast growth in production of trucks in China.

Goldman Sachs revises aluminium price forecast amid economic concerns, expecting a drop followed by a rebound by December 2025 due to tariff impacts on major economies.

Forecast: Imports of Aluminium and Articles Thereof in China 2022 - 2026 Discover more data with ReportLinker!

Exports of Aluminum Products in China increased to 1220965 USD THO in December from 1093471 USD THO in November of 2019. This dataset includes a chart with historical data for China Exports of Aluminum Products.

Aluminum fell to 2,603.70 USD/T on July 11, 2025, down 0.21% from the previous day. Over the past month, Aluminum's price has risen 3.25%, and is up 4.95% 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.

Discover the latest insights on the China market for iron, steel, and aluminium reservoirs, tanks, vats, and containers. Forecasted to see a consistent increase in demand over the next decade, with market volume projected to reach 3.6B units by 2035.

Discover how the demand for aluminium bars, rods, and profiles in China is driving market growth, with consumption expected to continue increasing over the next decade. Market performance is predicted to slow down slightly, but still expand with a CAGR of +2.3% from 2024 to 2035, reaching a volume of 7.7M tons by the end of the period. In terms of value, the market is projected to grow at a CAGR of +3.9% during the same period, reaching $33.2B by 2035.

Forecast: Import of Aluminium and Articles Thereof to China 2024 - 2028 Discover more data with ReportLinker!

Aluminium Market Outlook

According to our latest research, the global aluminium market size reached USD 176.5 billion in 2024, driven by robust demand across diverse industries and ongoing technological advancements. The market is exhibiting a healthy growth trajectory, registering a CAGR of 5.1% from 2025 to 2033. By the end of 2033, the global aluminium market is projected to reach USD 275.5 billion, reflecting the sector’s resilience and adaptability. This growth is primarily attributed to the increasing adoption of lightweight materials in automotive and aerospace sectors, expanding applications in packaging, and a strong push towards sustainability and recycling initiatives worldwide.

The aluminium market is experiencing significant momentum due to the rising emphasis on lightweight and energy-efficient materials across major industries. In the automotive and aerospace sectors, the shift towards electric vehicles (EVs) and fuel-efficient aircraft is fueling the demand for aluminium, which offers the dual benefits of reduced weight and enhanced performance. The metal’s inherent properties, such as high strength-to-weight ratio, corrosion resistance, and excellent recyclability, are making it a preferred choice for manufacturers aiming to meet stringent emission norms and improve fuel efficiency. Furthermore, aluminium’s versatility is enabling its integration into new product designs, supporting innovation and product differentiation in competitive markets.

Another critical growth driver for the aluminium market is the rapid urbanization and infrastructure development, particularly in emerging economies across Asia Pacific and the Middle East. The construction sector is leveraging aluminium for its durability, aesthetic appeal, and ease of fabrication, which are essential for modern architectural needs. The surge in smart cities, green buildings, and large-scale infrastructure projects is boosting the consumption of aluminium in the form of sheets, extrusions, and castings. Additionally, the packaging industry’s transition towards sustainable and recyclable materials is accelerating the usage of aluminium foils and containers, catering to the growing demand for eco-friendly packaging solutions in food, beverage, and pharmaceutical sectors.

Technological advancements in aluminium production and recycling are further propelling market growth. The development of advanced smelting technologies, energy-efficient processes, and digitalization in manufacturing is enhancing productivity and reducing operational costs. The rising adoption of secondary aluminium, obtained from recycled scrap, is gaining traction due to its lower carbon footprint and cost-effectiveness. Government regulations and corporate sustainability goals are encouraging the recycling of aluminium, leading to a circular economy model that not only conserves natural resources but also ensures a stable supply chain. These factors collectively position the aluminium market for sustained expansion over the forecast period.

From a regional perspective, Asia Pacific dominates the global aluminium market, accounting for the largest share in both production and consumption. China, India, and Southeast Asian countries are witnessing robust industrialization, infrastructure development, and automotive manufacturing, which are driving substantial demand for aluminium products. North America and Europe follow, with significant investments in automotive lightweighting, aerospace innovation, and sustainable packaging. Meanwhile, the Middle East and Africa are emerging as key growth regions, propelled by infrastructure modernization and expanding industrial bases. Each region presents unique growth opportunities and challenges, shaping the overall dynamics of the global aluminium market.

Product Type Analysis

The aluminium market is segmented by product type into Primary Aluminium, Secondary Aluminium, and Aluminium Alloys. Primary aluminium, produced directly from bauxite ore through the Bayer and Hall-Héroult processes

Discover the forecasted growth of the aluminum and alloys market in China, with a projected increase in volume and value over the next decade.

The Hong Kong aluminium market reduced rapidly to $X in 2022, declining by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a abrupt descent. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Explore the growing demand for aluminium alloy tubes and pipes in China as the market is projected to see significant growth over the next decade, reaching 289K tons and $1.5B by 2035.

Snapshot img

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.
Request Free Sample

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.

Download Free Sample Report

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

With around *** 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 ** 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 ** million metric tons. In 2022, total value of China's aluminum exports was **** 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 ***** 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 ***** U.S. dollars per metric ton in 2022.

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 latest trends in the aluminium doors and windows market in China, as demand continues to drive growth. Anticipate a CAGR of +2.9% in volume and +3.0% in value over the next decade, with projections reaching 154M units and $6.7B by 2035.

Discover the latest market trends and forecasts for aluminium hydroxide in China. With increasing demand driving consumption upwards, the market is expected to see steady growth over the next decade, reaching a volume of 4.2M tons and a value of $2.4B by 2035.