Mordor Intelligence has published a new report on the “Aluminum Market,” offering a comprehensive analysis of trends, growth drivers, and future projections.
Aluminum Market Overview:
Aluminum Market is projected to grow from 76.47 million tons in 2025 to 90.07 million tons by 2030, registering a CAGR of 3.33%. As the second most used metal globally, aluminum continues to gain traction for its lightweight properties, recyclability, and diverse industrial applications. From construction and transportation to packaging and electronics, its demand is fueled by the global transition toward sustainability, electrification, and low-carbon manufacturing.
Asia-Pacific dominates both in terms of current market size and growth trajectory. However, rising investments in green smelting technologies, recycling initiatives, and supply diversification are strengthening aluminum’s role across North America, Europe, and the Middle East.
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Key Trends in the Aluminum Market:
Surging EV-Led Lightweighting Demand
The automotive industry has emerged as a vital consumer of aluminum, particularly with the rise of electric vehicles. EVs contain nearly triple the aluminum content of conventional models, enhancing performance and range through lightweight designs. Aluminum is increasingly used in body structures, battery trays, crash management systems, and thermal components. Even as EV adoption matures after 2028 in developed markets, higher per-unit aluminum intensity ensures continued growth.
APAC Infrastructure Boom
Asia-Pacific’s infrastructure development remains a cornerstone of long-term aluminum demand. Large-scale investments in smart cities, transport networks, and energy grids highlight aluminum’s strength, durability, and conductivity advantages. China continues to play a dominant role, but India and Southeast Asian countries are also emerging as key contributors. Stimulus-driven outlays in construction and transport ensure resilience against short-term economic slowdowns.
Sustainable Packaging Shift
The packaging sector is rapidly transitioning toward sustainable solutions, making aluminum a material of choice. With an impressive 81% recycling rate compared to 52% for plastics, aluminum offers unmatched circularity. Beverages, food packaging, and personal care brands are increasingly adopting aluminum containers to meet recyclability targets and consumer preferences for eco-friendly packaging. While cost remains a limiting factor in price-sensitive markets, environmental compliance drives adoption.
Hydrogen-Ready Green Smelting Capacity
Producers are investing in hydrogen-based smelting technologies to reduce emissions and ensure long-term cost competitiveness. Pilot projects in Norway, Canada, and the United States demonstrate the feasibility of hydrogen displacing fossil fuels in smelting processes. Green aluminum is also gaining traction as a premium product, particularly in packaging and automotive supply chains, supported by carbon-border regulations in Europe and other regions.
Read the full report and access market snapshots that include both global views and Japan-specific analysis: https://www.mordorintelligence.com/ja/industry-reports/aluminum-market?utm_source=openpr
Aluminum Market Segmentation:
By Processing Type
>Castings
>Extrusions
>Forgings
>Flat-Rolled Products
>Pigments and Powders
By End-User Industry
>Automotive
>Aerospace and Defense
>Building and Construction
>Electrical and Electronics
>Packaging
>Other Industrial Applications
By Geography
>Asia-Pacific (largest and fastest-growing)
>North America
>Europe
>South America
>Middle East and Africa
Extrusions captured more than one-third of the market share in 2024, while castings are projected to post steady growth through 2030. Among end-user industries, building and construction remains the largest segment, accounting for over one-quarter of market share, with robust growth supported by urbanization and sustainable building materials demand.
Key Players in the Aluminum Market
Alcoa Corporation – A pioneer in aluminum production with strong investments in low-carbon technologies and green smelting solutions.
Rio Tinto – A major global mining and metals company focused on sustainable aluminum production and advanced recycling systems.
China Hongqiao Group – The world’s largest aluminum producer with significant operations in China, driving capacity and exports.
Norsk Hydro ASA – A Norwegian producer leading in recycled aluminum and innovation across extrusion and rolled products.
RUSAL – A Russian company investing in renewable energy-powered smelting and green aluminum initiatives.
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Conclusion
The Aluminum Market is on a stable growth path, set to reach 90.07 million tons by 2030. Key factors such as electric vehicle demand, infrastructure expansion in Asia-Pacific, and the packaging industry’s sustainability push are shaping future consumption. At the same time, technological advances in hydrogen-based smelting and expanded recycling capacity are helping producers meet carbon reduction targets and regulatory demands.
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Explore More Details: https://www.mordorintelligence.com/industry-reports/aluminum-oxide-market?utm_source=openpr
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Explore More Details: https://www.mordorintelligence.com/industry-reports/copper-market?utm_source=openpr
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