Aluminum Market By Series (Series 1, Series 2, Series 3, Series 4, Series 5, Series 6, Series 7, Series 8), By Processing Method (Flat Rolled, Castings, Extrusions, Forgings, Pigments and Powder, Rod and Bar), By End-Use Industry (Transportation, Building and Construction, Electrical Engineering, Consumer Goods, Foil and Packaging, Machinery and Equipment, Others): Global Opportunity Analysis and Industry Forecast, 2024-2033
The aluminum market was valued at $162.0 billion in 2023, and is estimated to reach $285.4 billion by 2033, growing at a CAGR of 5.9% from 2024 to 2033.Aluminum is the sixth most ductile and second most malleable metal present on earth. It possesses strong affinity for oxygen. It is exceptionally light having 2.7g/cm density, is resistant to dust, possesses high degree of conductivity, and exhibits significant strength when alloyed. It is widely used in food & packaging and pharmaceutical industries, as it is nontoxic in nature, preserves food for prolonged times, and inhibits growth of microorganisms. It is a good electrical conductor, and thus is used frequently in electrical transmission lines. In addition, it is used as a primary propellant for solid rocket booster motor in space shuttle due to its high volumetric energy density. Corrosion resistance, reflectivity, and recyclability are other characteristics of aluminum market, which makes it a favorable choice for various industrial applications.
However, aluminum faces a lot of competition from a variety of substitutes across various end-user industries. Composites can substitute aluminum in aircraft wings and fuselages, due to superior strength and mass-to-weight ratio. Glass, plastics, steel, and paper can substitute aluminum in packaging applications. Titanium, steel, and magnesium can substitute aluminum in structural uses and ground transportation. Steel, composites, wood, and vinyl can serve as substitutes for aluminum in building & construction applications. In electrical engineering applications, copper can be utilized instead of aluminum. However, aluminum possesses unique and superior properties over most of its substitutes, and thus, replacing it is not a straightforward practice. However, the presence of such high number of substitutes in the market hinders the market growth.
For the purpose of analysis, the aluminum market scope covers segmentation based on series, processing method, end-user industry, and region. The report provides information on various series including series 1, series 2, series 3, series 4, series 5, series 6, series 7, and series 8. Furthermore, the major processing methods covered in the study include flat rolled, castings, extrusions, forgings, pigments & powder, and rod & bar. In addition, it outlines the details of the end-user industry such as transportation, building & construction, electrical engineering, consumer goods, foil & packaging, machinery & equipment, and others. Moreover, it analyzes the current market trends across different regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
The major players operating in the industry include China Hongqiao Group Limited, Rio Tinto, East Hope Group, Shandong Xinfa Aluminum Co., Ltd., Emirates Global Aluminium PJSC, Alcoa Corporation, RusAL, Norsk Hydro ASA, Hindalco Industries Ltd, and Aluminum Corporation of China Limited. These players have adopted product launch, acquisition, and business expansion as their key strategies to increase their market shares.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the aluminum market analysis from 2023 to 2033 to identify the prevailing aluminum market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the aluminum market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global aluminum market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Series
Series 1
Series 2
Series 3
Series 4
Series 5
Series 6
Series 7
Series 8
By Processing Method
Rod and Bar
Flat Rolled
Castings
Extrusions
Forgings
Pigments and Powder
By End-Use Industry
Transportation
Building and Construction
Electrical Engineering
Consumer Goods
Foil and Packaging
Machinery and Equipment
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Rest of Asia-Pacific
Latin America
Brazil
Argentina
Rest of Latin America
Middle East and Africa
Saudi Arabia
Western Africa
Northern Africa
Rest Of Africa
Key Market Players
Alcoa Corporation
Aluminum Corporation of China Limited
China Hongqiao Group Limited
East Hope Group
Emirates Global Aluminium PJSC
Hindalco Industries Ltd
Norsk Hydro ASA
Rio Tinto
RusAL
Shandong Xinfa Aluminum Co., Ltd.
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- CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
- CHAPTER 2: EXECUTIVE SUMMARY
- 2.1. CXO perspective
- CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter’s five forces analysis
- 3.3.1. Moderate bargaining power of buyers
- 3.3.2. Moderate bargaining power of suppliers
- 3.3.3. Moderate threat of new entrants
- 3.3.4. Moderate threat of substitutes
- 3.3.5. High intensity of rivalry
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Expansion of the transport sector
- 3.4.1.2. Surge in demand from the construction industry
- 3.4.2. Restraints
- 3.4.2.1. Growth in competition from substitutes
- 3.4.3. Opportunities
- 3.4.3.1. Technological advancements in aluminum industry
- 3.5. Market Share Analysis
- 3.6. Value Chain Analysis
- 3.7. Russia-Ukraine War Impact Analysis
- 3.8. Pricing Analysis Overview
- 3.9. Patent Analysis, by Country
- 3.10. Key Regulations and Standards
- CHAPTER 4: ALUMINUM MARKET, BY SERIES
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Series 1
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Series 2
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Series 3
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
- 4.5. Series 4
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country
- 4.6. Series 5
- 4.6.1. Key market trends, growth factors and opportunities
- 4.6.2. Market size and forecast, by region
- 4.6.3. Market share analysis by country
- 4.7. Series 6
- 4.7.1. Key market trends, growth factors and opportunities
- 4.7.2. Market size and forecast, by region
- 4.7.3. Market share analysis by country
- 4.8. Series 7
- 4.8.1. Key market trends, growth factors and opportunities
- 4.8.2. Market size and forecast, by region
- 4.8.3. Market share analysis by country
- 4.9. Series 8
- 4.9.1. Key market trends, growth factors and opportunities
- 4.9.2. Market size and forecast, by region
- 4.9.3. Market share analysis by country
- CHAPTER 5: ALUMINUM MARKET, BY PROCESSING METHOD
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Flat Rolled
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Castings
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. Extrusions
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
- 5.5. Forgings
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country
- 5.6. Pigments and Powder
- 5.6.1. Key market trends, growth factors and opportunities
- 5.6.2. Market size and forecast, by region
- 5.6.3. Market share analysis by country
- 5.7. Rod and Bar
- 5.7.1. Key market trends, growth factors and opportunities
- 5.7.2. Market size and forecast, by region
- 5.7.3. Market share analysis by country
- CHAPTER 6: ALUMINUM MARKET, BY END-USE INDUSTRY
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Transportation
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Building and Construction
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.4. Electrical Engineering
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
- 6.5. Consumer Goods
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country
- 6.6. Foil and Packaging
- 6.6.1. Key market trends, growth factors and opportunities
- 6.6.2. Market size and forecast, by region
- 6.6.3. Market share analysis by country
- 6.7. Machinery and Equipment
- 6.7.1. Key market trends, growth factors and opportunities
- 6.7.2. Market size and forecast, by region
- 6.7.3. Market share analysis by country
- 6.8. Others
- 6.8.1. Key market trends, growth factors and opportunities
- 6.8.2. Market size and forecast, by region
- 6.8.3. Market share analysis by country
- CHAPTER 7: ALUMINUM MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by Series
- 7.2.3. Market size and forecast, by Processing Method
- 7.2.4. Market size and forecast, by End-Use Industry
- 7.2.5. Market size and forecast, by country
- 7.2.5.1. U.S.
- 7.2.5.1.1. Market size and forecast, by Series
- 7.2.5.1.2. Market size and forecast, by Processing Method
- 7.2.5.1.3. Market size and forecast, by End-Use Industry
- 7.2.5.2. Canada
- 7.2.5.2.1. Market size and forecast, by Series
- 7.2.5.2.2. Market size and forecast, by Processing Method
- 7.2.5.2.3. Market size and forecast, by End-Use Industry
- 7.2.5.3. Mexico
- 7.2.5.3.1. Market size and forecast, by Series
- 7.2.5.3.2. Market size and forecast, by Processing Method
- 7.2.5.3.3. Market size and forecast, by End-Use Industry
- 7.3. Europe
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by Series
- 7.3.3. Market size and forecast, by Processing Method
- 7.3.4. Market size and forecast, by End-Use Industry
- 7.3.5. Market size and forecast, by country
- 7.3.5.1. Germany
- 7.3.5.1.1. Market size and forecast, by Series
- 7.3.5.1.2. Market size and forecast, by Processing Method
- 7.3.5.1.3. Market size and forecast, by End-Use Industry
- 7.3.5.2. France
- 7.3.5.2.1. Market size and forecast, by Series
- 7.3.5.2.2. Market size and forecast, by Processing Method
- 7.3.5.2.3. Market size and forecast, by End-Use Industry
- 7.3.5.3. Italy
- 7.3.5.3.1. Market size and forecast, by Series
- 7.3.5.3.2. Market size and forecast, by Processing Method
- 7.3.5.3.3. Market size and forecast, by End-Use Industry
- 7.3.5.4. UK
- 7.3.5.4.1. Market size and forecast, by Series
- 7.3.5.4.2. Market size and forecast, by Processing Method
- 7.3.5.4.3. Market size and forecast, by End-Use Industry
- 7.3.5.5. Spain
- 7.3.5.5.1. Market size and forecast, by Series
- 7.3.5.5.2. Market size and forecast, by Processing Method
- 7.3.5.5.3. Market size and forecast, by End-Use Industry
- 7.3.5.6. Rest of Europe
- 7.3.5.6.1. Market size and forecast, by Series
- 7.3.5.6.2. Market size and forecast, by Processing Method
- 7.3.5.6.3. Market size and forecast, by End-Use Industry
- 7.4. Asia-Pacific
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by Series
- 7.4.3. Market size and forecast, by Processing Method
- 7.4.4. Market size and forecast, by End-Use Industry
- 7.4.5. Market size and forecast, by country
- 7.4.5.1. China
- 7.4.5.1.1. Market size and forecast, by Series
- 7.4.5.1.2. Market size and forecast, by Processing Method
- 7.4.5.1.3. Market size and forecast, by End-Use Industry
- 7.4.5.2. India
- 7.4.5.2.1. Market size and forecast, by Series
- 7.4.5.2.2. Market size and forecast, by Processing Method
- 7.4.5.2.3. Market size and forecast, by End-Use Industry
- 7.4.5.3. Japan
- 7.4.5.3.1. Market size and forecast, by Series
- 7.4.5.3.2. Market size and forecast, by Processing Method
- 7.4.5.3.3. Market size and forecast, by End-Use Industry
- 7.4.5.4. South Korea
- 7.4.5.4.1. Market size and forecast, by Series
- 7.4.5.4.2. Market size and forecast, by Processing Method
- 7.4.5.4.3. Market size and forecast, by End-Use Industry
- 7.4.5.5. Australia
- 7.4.5.5.1. Market size and forecast, by Series
- 7.4.5.5.2. Market size and forecast, by Processing Method
- 7.4.5.5.3. Market size and forecast, by End-Use Industry
- 7.4.5.6. Rest of Asia-Pacific
- 7.4.5.6.1. Market size and forecast, by Series
- 7.4.5.6.2. Market size and forecast, by Processing Method
- 7.4.5.6.3. Market size and forecast, by End-Use Industry
- 7.5. Latin America
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by Series
- 7.5.3. Market size and forecast, by Processing Method
- 7.5.4. Market size and forecast, by End-Use Industry
- 7.5.5. Market size and forecast, by country
- 7.5.5.1. Brazil
- 7.5.5.1.1. Market size and forecast, by Series
- 7.5.5.1.2. Market size and forecast, by Processing Method
- 7.5.5.1.3. Market size and forecast, by End-Use Industry
- 7.5.5.2. Argentina
- 7.5.5.2.1. Market size and forecast, by Series
- 7.5.5.2.2. Market size and forecast, by Processing Method
- 7.5.5.2.3. Market size and forecast, by End-Use Industry
- 7.5.5.3. Rest of Latin America
- 7.5.5.3.1. Market size and forecast, by Series
- 7.5.5.3.2. Market size and forecast, by Processing Method
- 7.5.5.3.3. Market size and forecast, by End-Use Industry
- 7.6. Middle East and Africa
- 7.6.1. Key market trends, growth factors and opportunities
- 7.6.2. Market size and forecast, by Series
- 7.6.3. Market size and forecast, by Processing Method
- 7.6.4. Market size and forecast, by End-Use Industry
- 7.6.5. Market size and forecast, by country
- 7.6.5.1. Saudi Arabia
- 7.6.5.1.1. Market size and forecast, by Series
- 7.6.5.1.2. Market size and forecast, by Processing Method
- 7.6.5.1.3. Market size and forecast, by End-Use Industry
- 7.6.5.2. Western Africa
- 7.6.5.2.1. Market size and forecast, by Series
- 7.6.5.2.2. Market size and forecast, by Processing Method
- 7.6.5.2.3. Market size and forecast, by End-Use Industry
- 7.6.5.3. Northern Africa
- 7.6.5.3.1. Market size and forecast, by Series
- 7.6.5.3.2. Market size and forecast, by Processing Method
- 7.6.5.3.3. Market size and forecast, by End-Use Industry
- 7.6.5.4. Rest Of Africa
- 7.6.5.4.1. Market size and forecast, by Series
- 7.6.5.4.2. Market size and forecast, by Processing Method
- 7.6.5.4.3. Market size and forecast, by End-Use Industry
- CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product mapping of top 10 player
- 8.4. Competitive dashboard
- 8.5. Competitive heatmap
- 8.6. Top player positioning, 2023
- CHAPTER 9: COMPANY PROFILES
- 9.1. Rio Tinto
- 9.1.1. Company overview
- 9.1.2. Key executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.1.7. Key strategic moves and developments
- 9.2. East Hope Group
- 9.2.1. Company overview
- 9.2.2. Key executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.3. Aluminum Corporation of China Limited
- 9.3.1. Company overview
- 9.3.2. Key executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
- 9.4. China Hongqiao Group Limited
- 9.4.1. Company overview
- 9.4.2. Key executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.5. Shandong Xinfa Aluminum Co., Ltd.
- 9.5.1. Company overview
- 9.5.2. Key executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.6. Emirates Global Aluminium PJSC
- 9.6.1. Company overview
- 9.6.2. Key executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Key strategic moves and developments
- 9.7. Alcoa Corporation
- 9.7.1. Company overview
- 9.7.2. Key executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Business performance
- 9.8. RusAL
- 9.8.1. Company overview
- 9.8.2. Key executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
- 9.8.7. Key strategic moves and developments
- 9.9. Norsk Hydro ASA
- 9.9.1. Company overview
- 9.9.2. Key executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Business performance
- 9.9.7. Key strategic moves and developments
- 9.10. Hindalco Industries Ltd
- 9.10.1. Company overview
- 9.10.2. Key executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.10.6. Business performance
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