Dublin, Feb. 11, 2025 (GLOBE NEWSWIRE) — The “Aluminum – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Aluminum is estimated at US$229.9 Billion in 2023 and is projected to reach US$367.3 Billion by 2030, growing at a CAGR of 6.9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Technological innovations are critical in promoting recycling within the aluminum industry, fostering a more sustainable circular economy. Advanced sorting and separation technologies improve the efficiency of recycling processes, decreasing the reliance on primary aluminum production from bauxite ore. Technological advancements are pivotal in shaping the future of aluminum.
The adoption of additive manufacturing (3D printing) allows for the creation of complex, lightweight aluminum structures with minimal waste. Artificial intelligence (AI) is being utilized to optimize production efficiency and minimize energy use. Research into new aluminum alloys promises improved strength, formability, and corrosion resistance. The aerospace sector, in particular, continues to rely heavily on aluminum, employing advanced alloys and manufacturing techniques to enhance the performance and efficiency of aircraft and spacecraft.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Transportation End-Use segment, which is expected to reach US$133.2 Billion by 2030 with a CAGR of a 7.2%. The Packaging End-Use segment is also set to grow at 7.8% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $59.9 Billion in 2023, and China, forecasted to grow at an impressive 10.5% CAGR to reach $88.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Aluminum Corporation of China Ltd. (Chinalco), China Hongqiao Group Ltd., Emirates Global Aluminium PJSC, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 327 |
| Forecast Period | 2023 – 2030 |
| Estimated Market Value (USD) in 2023 | $229.9 Billion |
| Forecasted Market Value (USD) by 2030 | $367.3 Billion |
| Compound Annual Growth Rate | 6.9% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Aluminum – Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- Global Economic Update
MARKET TRENDS & DRIVERS
- Rising Urbanization and Industrialization Drives Demand for Aluminum
- Growing Popularity of Lightweight Vehicles Propels Aluminum Use in Automotive Industries
- Green Building Initiatives Expand Addressable Market Opportunity for Aluminum
- Increasing Aluminum Recycling Rates Throws the Spotlight on Sustainability
- Advances in Aluminum Alloy Development Spur Adoption in the Aerospace and Defense Sector
- Trade Policies and Tariffs Influence Aluminum Pricing and Availability Dynamics
- Fluctuating Energy Prices Impact Aluminum Production Costs
- Innovation in Aluminum Fabrication Technologies Generates Market Opportunities
- Growing Demand for Consumer Electronics Drives Consumption of Aluminum
- Infrastructure Development in Emerging Markets Sustain Growth in Aluminum Demand
- Stringent Environmental Regulations Strengthen Business Case for Recycled Aluminum
- Expansion of Renewable Energy Sector Bodes Well for Aluminum Consumption
- Volatility in Raw Material Supply Crucial for Market Growth Dynamics
- The Shift to Sustainable Packaging Accelerates Demand for Aluminum
- High Conductivity Features Propel Use of Aluminum in Electrical Applications
- Adoption of 3D Printing Technology in Aluminum Manufacturing Drives Market Innovation
- Growing Shipbuilding Activities Generate Opportunities for Aluminum
- Enhancement in Aluminum Composite Materials Spurs Use in Architectural Applications
FOCUS ON SELECT PLAYERS (Total 332 Featured)
- Aluminum Corporation of China Ltd. (Chinalco)
- China Hongqiao Group Ltd.
- Emirates Global Aluminium PJSC
- Rio Tinto Ltd.
- RUSAL
- Xinfa Group Co., Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/yyy76b
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
