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Aluminum Market Size, Share Global Analysis Report, 2020–2026
Aluminum Market By Product (Flat Products, Extruded Products, Forged Products, Long Products, Cast Products) By Processing Method (Rolling, Extruding, Drawn, Casting, Forging)and By Application (Transport, Construction, Electrical & Electronics, Packaging, Equipment & Machinery, Consumer Durables, Foil Stock): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecast 2020–2026
Industry Insights
[190+ Pages Report] According to the report published by Facts Factors, the global aluminum market size was worth around USD 121 billion in 2019 and is predicted to grow to around USD 189 billion by 2026 with a compound annual growth rate (CAGR) of roughly 3% between 2023 and 2030. The report analyzes the global aluminum market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the aluminum market.
The aluminum market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire Aluminum market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Kilo Tons) and value (USD Million) from FY 2016 – 2026.
Key Insights from Primary Research
- As per our primary respondents, the Aluminum market is set to grow at a CAGR of around 3%.
- Through this primary research, it was established that the Aluminum market was valued at around USD 121 Billion in 2019.
- The “extruded product” category, based on product segmentation, is expected to share the maximum revenue in 2019.
- Based on the segmentation of the processing method, the rolling processing method is anticipated to dominate the market.
- Based on application segmentation, “electrical and electronics” is expected to dominate the market.
Key Recommendations from Analysts
- As per our analysts, the aluminum market is growing tremendously owing to its renewable characteristics where it can be recycled and can be used multiple times without losing its properties.
- Owing to its versatility in multiple applications like construction, automobile, electronics, packaging, and machinery, the demand for aluminum would grow in the forecasted period.
- Rapid industrialization in the region of Asia Pacific provides lucrative options for investments in the forecasted period.
- As the aluminum market is growing at a CAGR of around 3%, it provides good opportunities for its shareholders in gaining good profits in the forecasted period.
- Our analysts have identified “forged products” and “forging” categories as the leading investment pockets for the aluminum market in terms of product and processing method segmentations respectively.
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Aluminum industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Aluminum industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Aluminum market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Aluminum industry. The Aluminum market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market positions in the Aluminum sector. Key strategic developments in the Aluminum market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Aluminum market are appropriately highlighted in the report.
Aluminum with the chemical symbol Al and atomic number 13 is a soft, silvery-white, and non-magnetic material that is the third most abundant element available on the earth. Aluminum has a low density and provides good resistance against corrosion. Due to their growing demand in the packaging and construction industry, the aluminum market is expected to see significant growth in the forecast era. Because aluminum is lighter compared to other metals such as iron and corrosion-resistant, it is commonly used in the automobile, oil, and aviation industries, which in turn causes the aluminum, market to rise.
The Aluminum market research report delivers an acute valuation and taxonomy of the Aluminum industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 121 Billion |
Projected Market Size in 2026 |
USD 189 Billion |
CAGR Growth Rate |
3% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Chalco, Rusal, Rio Tinto, Norsk Hydro, Hongqiao Group, Hindalco, Novelis, Alcoa Corporation, and Others |
Key Segment |
By Product, Processing, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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The regional segmentation of the Aluminum industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the Aluminum industry is provided for the leading economies of the world.
The Aluminum market is segmented based on Product, Processing Method, and Application. On the basis of product segmentation, the market is classified into Flat Products, Extruded Products, Forged Products, Long Products, and Cast Products. In terms of processing methods, the market is divided into Rolling, Extruding, Drawn, Casting, and Forging. In terms of Application segmentation, the market is bifurcated into Transport, Construction, Electrical & Electronics, Packaging, Equipment & Machinery, Consumer Durables, and Foil Stock.
Some of the essential players operating in the Aluminum market, but not restricted to include
- Chalco
- Rusal
- Rio Tinto
- Norsk Hydro
- Hongqiao Group
- Hindalco
- Novelis
- Alcoa Corporation
The taxonomy of the Aluminum Market by its scope and segmentation is as follows:
By Product Segmentation Analysis (Customizable)
- Flat Products
- Extruded Products
- Forged Products
- Long Products
- Cast Products
By Processing Method Segmentation Analysis (Customizable)
- Rolling
- Extruding
- Drawn
- Casting
- Forging
By Application Segmentation Analysis (Customizable)
- Transport
- Construction
- Electrical & Electronics
- Packaging
- Equipment & Machinery
- Consumer Durables
- Foil Stock
Regional Segmentation Analysis (Customizable)
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table of Content
Industry Major Market Players
- Chalco
- Rusal
- Rio Tinto
- Norsk Hydro
- Hongqiao Group
- Hindalco
- Novelis
- Alcoa Corporation
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