Product Code: TMRGL23807
Aluminum Market - Scope of Report
TMR's report on the global aluminum market studies the past as well as the current growth trends and opportunities to gain valuable insights of the indicators of the market during the forecast period from 2024 to 2034. The report provides revenue of the global aluminum market for the period 2018-2034, considering 2024 as the base year and 2034 as the forecast year. The report also provides the compound annual growth rate (CAGR %) of the global aluminum market from 2024 to 2034.
The report has been prepared after an extensive research. Primary research involved bulk of the research efforts, wherein analysts carried out interviews with key opinion leaders, industry leaders, and opinion makers. Secondary research involved referring to key players' product literature, annual reports, press releases, and relevant documents to understand the aluminum market.
Market Snapshot |
Market Value in 2023 | US$ 255.2 Bn |
Market Value in 2034 | US$ 462.02 Bn |
CAGR | 5.6% |
Secondary research also included Internet sources, statistical data from government agencies, websites, and trade associations. Analysts employed a combination of top-down and bottom-up approaches to study various attributes of the global aluminum market.
The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Moreover, the report throws light on the changing competitive dynamics in the global aluminum market. These serve as valuable tools for existing market players as well as for entities interested in participating in the global aluminum market.
The report delves into the competitive landscape of the global aluminum market. Key players operating in the global aluminum market have been identified and each one of these has been profiled in terms of various attributes. Company overview, financial standings, recent developments, and SWOT are the attributes of players in the global aluminum market profiled in this report.
Key Questions Answered in Global aluminum Market Report:
- What is the sales/revenue generated by aluminum across all regions during the forecast period?
- What are the opportunities in the global aluminum market?
- What are the major drivers, restraints, opportunities, and threats in the market?
- Which regional market is set to expand at the fastest CAGR during the forecast period?
- Which segment is expected to generate the highest revenue globally in 2034?
- Which segment is projected to expand at the highest CAGR during the forecast period?
- What are the market positions of different companies operating in the global market?
Aluminum Market - Research Objectives and Research Approach
The comprehensive report on the global aluminum market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products.
For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller ones. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.
The report analyzes the global aluminum market in terms of product, end-user, and region. Key segments under each criterion have been studied at length, and the market share for each of these at the end of 2034 has been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global aluminum market.
Table of Contents
1. Executive Summary
- 1.1. Global Market Outlook
- 1.2. Demand Side Trends
- 1.3. Key Facts and Figures
- 1.4. Trends Impacting Market
- 1.5. TMR's Growth Opportunity Wheel
2. Market Overview
- 2.1. Market Segmentation
- 2.2. Key Developments
- 2.3. Market Definitions
- 2.4. Key Market Trends
- 2.5. Market Dynamics
- 2.5.1. Drivers
- 2.5.2. Restraints
- 2.5.3. Opportunities
- 2.6. Global Aluminum Market Analysis and Forecasts, 2024-2034
- 2.6.1. Global Aluminum Market Volume (Tons)
- 2.6.2. Global Aluminum Market Revenue (US$ Bn)
- 2.7. Porter's Five Forces Analysis
- 2.8. Regulatory Landscape
- 2.9. Value Chain Analysis
- 2.9.1. List of Raw Material Providers
- 2.9.2. List of Manufacturers
- 2.9.3. List of Dealers/Distributors
- 2.9.4. List of Potential Customers
- 2.10. Production Overview
- 2.11. Product Specification Analysis
- 2.12. Cost Structure Analysis
3. COVID-19 Impact Analysis
- 3.1. Impact on the Supply Chain of the Aluminum
- 3.2. Impact on the Demand of Aluminum- Pre & Post Crisis
4. Impact of Current Geopolitical Scenario on Market
5. Production Output Analysis (Tons), 2023
- 5.1. North America
- 5.2. Europe
- 5.3. Asia Pacific
- 5.4. Latin America
- 5.5. Middle East and Africa
6. Price Trend Analysis and Forecast (US$/Ton), 2024-2034
- 6.1. Price Comparison Analysis by Grade
- 6.2. Price Comparison Analysis by Region
7. Global Aluminum Market Analysis and Forecast, by Grade, 2024-2034
- 7.1. Introduction and Definitions
- 7.2. Global Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Grade, 2024-2034
- 7.2.1. Aluminum
- 7.2.1.1. 1050
- 7.2.1.2. 1100
- 7.2.2. Alloy
- 7.2.2.1. 2024
- 7.2.2.2. 2014
- 7.2.2.3. 2219
- 7.2.2.4. 3003
- 7.2.2.5. 5086
- 7.2.2.6. 5005
- 7.2.2.7. 6061
- 7.2.2.8. 6063
- 7.2.2.9. 7075
- 7.2.2.10. Others
- 7.3. Global Aluminum Market Attractiveness, by Grade
8. Global Aluminum Market Analysis and Forecast, by Process, 2024-2034
- 8.1. Introduction and Definitions
- 8.2. Global Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Process, 2024-2034
- 8.2.1. Forging
- 8.2.2. Casting
- 8.2.3. Foundry
- 8.2.4. Wrought
- 8.2.5. Stamping
- 8.2.6. Rolling
- 8.2.7. Extrusion
- 8.2.8. Others
- 8.3. Global Aluminum Market Attractiveness, by Process
9. Global Aluminum Market Analysis and Forecast, End-use, 2024-2034
- 9.1. Introduction and Definitions
- 9.2. Global Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2024-2034
- 9.2.1. Renewable Energy
- 9.2.2. Aerospace and Defense
- 9.2.3. Automotive
- 9.2.3.1. Power Train
- 9.2.3.2. Chassis and Suspension
- 9.2.3.3. Body Components
- 9.2.4. Building and Construction
- 9.2.4.1. Internal
- 9.2.4.2. External
- 9.2.4.3. Structural
- 9.2.5. Electrical and Electronics
- 9.2.6. Foils and Packaging
- 9.2.6.1. Beverage Cans
- 9.2.6.2. Bottles and Containers
- 9.2.6.3. Aerosol Cans
- 9.2.6.4. Foil Wraps
- 9.2.6.5. Medical Packaging
- 9.2.6.6. Others
- 9.2.7. Industrial Machinery
- 9.2.8. Others
- 9.3. Global Aluminum Market Attractiveness, by End-use
10. Global Aluminum Market Analysis and Forecast, by Region, 2024-2034
- 10.1. Key Findings
- 10.2. Global Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Region, 2024-2034
- 10.2.1. North America
- 10.2.2. Europe
- 10.2.3. Asia Pacific
- 10.2.4. Latin America
- 10.2.5. Middle East & Africa
- 10.3. Global Aluminum Market Attractiveness, by Region
11. North America Aluminum Market Analysis and Forecast, 2024-2034
- 11.1. Key Findings
- 11.2. North America Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Grade, 2024-2034
- 11.3. North America Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Process, 2024-2034
- 11.4. North America Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2024-2034
- 11.5. North America Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Country, 2024-2034
- 11.5.1. U.S. Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Grade, 2024-2034
- 11.5.2. U.S. Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Process, 2024-2034
- 11.5.3. U.S. Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2024-2034
- 11.5.4. Canada Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Grade, 2024-2034
- 11.5.5. Canada Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Process, 2024-2034
- 11.5.6. Canada Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2024-2034
- 11.6. North America Aluminum Market Attractiveness Analysis
12. Europe Aluminum Market Analysis and Forecast, 2024-2034
- 12.1. Key Findings
- 12.2. Europe Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Grade, 2024-2034
- 12.3. Europe Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Process, 2024-2034
- 12.4. Europe Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2024-2034
- 12.5. Europe Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Country and Sub-region, 2024-2034
- 12.5.1. Germany Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Grade, 2024-2034
- 12.5.2. Germany Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Process, 2024-2034
- 12.5.3. Germany Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2024-2034
- 12.5.4. France Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Grade, 2024-2034
- 12.5.5. France Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Process, 2024-2034
- 12.5.6. France Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2024-2034
- 12.5.7. U.K. Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Grade, 2024-2034
- 12.5.8. U.K. Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Process, 2024-2034
- 12.5.9. U.K. Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2024-2034
- 12.5.10. Italy Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Grade, 2024-2034
- 12.5.11. Italy. Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Process, 2024-2034
- 12.5.12. Italy Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2024-2034
- 12.5.13. Russia & CIS Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Grade, 2024-2034
- 12.5.14. Russia & CIS Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Process, 2024-2034
- 12.5.15. Russia & CIS Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2024-2034
- 12.5.16. Rest of Europe Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Grade, 2024-2034
- 12.5.17. Rest of Europe Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Process, 2024-2034
- 12.5.18. Rest of Europe Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2024-2034
- 12.6. Europe Aluminum Market Attractiveness Analysis
13. Asia Pacific Aluminum Market Analysis and Forecast, 2024-2034
- 13.1. Key Findings
- 13.2. Asia Pacific Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Grade
- 13.3. Asia Pacific Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Process, 2024-2034
- 13.4. Asia Pacific Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2024-2034
- 13.5. Asia Pacific Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Country and Sub-region, 2024-2034
- 13.5.1. China Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Grade, 2024-2034
- 13.5.2. China Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Process, 2024-2034
- 13.5.3. China Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2024-2034
- 13.5.4. Japan Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Grade, 2024-2034
- 13.5.5. Japan Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Process, 2024-2034
- 13.5.6. Japan Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2024-2034
- 13.5.7. India Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Grade, 2024-2034
- 13.5.8. India Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Process, 2024-2034
- 13.5.9. India Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2024-2034
- 13.5.10. ASEAN Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Grade, 2024-2034
- 13.5.11. ASEAN Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Process, 2024-2034
- 13.5.12. ASEAN Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2024-2034
- 13.5.13. Rest of Asia Pacific Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Grade, 2024-2034
- 13.5.14. Rest of Asia Pacific Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Process, 2024-2034
- 13.5.15. Rest of Asia Pacific Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2024-2034
- 13.6. Asia Pacific Aluminum Market Attractiveness Analysis
14. Latin America Aluminum Market Analysis and Forecast, 2024-2034
- 14.1. Key Findings
- 14.2. Latin America Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Grade, 2024-2034
- 14.3. Latin America Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Process, 2024-2034
- 14.4. Latin America Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2024-2034
- 14.5. Latin America Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Country and Sub-region, 2024-2034
- 14.5.1. Brazil Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Grade, 2024-2034
- 14.5.2. Brazil Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Process, 2024-2034
- 14.5.3. Brazil Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2024-2034
- 14.5.4. Mexico Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Grade, 2024-2034
- 14.5.5. Mexico Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Process, 2024-2034
- 14.5.6. Mexico Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2024-2034
- 14.5.7. Rest of Latin America Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Grade, 2024-2034
- 14.5.8. Rest of Latin America Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Process, 2024-2034
- 14.5.9. Rest of Latin America Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2024-2034
- 14.6. Latin America Aluminum Market Attractiveness Analysis
15. Middle East & Africa Aluminum Market Analysis and Forecast, 2024-2034
- 15.1. Key Findings
- 15.2. Middle East & Africa Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Grade, 2024-2034
- 15.3. Middle East & Africa Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Process, 2024-2034
- 15.4. Middle East & Africa Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2024-2034
- 15.5. Middle East & Africa Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Country and Sub-region, 2024-2034
- 15.5.1. GCC Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Grade, 2024-2034
- 15.5.2. GCC Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Process, 2024-2034
- 15.5.3. GCC Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2024-2034
- 15.5.4. South Africa Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Grade, 2024-2034
- 15.5.5. South Africa Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Process, 2024-2034
- 15.5.6. South Africa Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2024-2034
- 15.5.7. Rest of Middle East & Africa Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Grade, 2024-2034
- 15.5.8. Rest of Middle East & Africa Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by Process, 2024-2034
- 15.5.9. Rest of Middle East & Africa Aluminum Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2024-2034
- 15.6. Middle East & Africa Aluminum Market Attractiveness Analysis
16. Competition Landscape
- 16.1. Market Players - Competition Matrix (by Tier and Size of Companies)
- 16.2. Market Share Analysis, 2023
- 16.3. Market Footprint Analysis
- 16.3.1. By Grade
- 16.3.2. By Process
- 16.3.3. By End-use
- 16.4. Company Profiles
- 16.4.1. Alcoa Corporation
- 16.4.1.1. Company Revenue
- 16.4.1.2. Business Overview
- 16.4.1.3. Product Segments
- 16.4.1.4. Geographic Footprint
- 16.4.1.5. Production Capacity/Plant Details, etc. (*As Applicable)
- 16.4.1.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.
- 16.4.2. Aluminum Corporation of China Limited (CHALCO)
- 16.4.2.1. Company Revenue
- 16.4.2.2. Business Overview
- 16.4.2.3. Product Segments
- 16.4.2.4. Geographic Footprint
- 16.4.2.5. Production Capacity/Plant Details, etc. (*As Applicable)
- 16.4.2.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.
- 16.4.3. Norsk Hydro ASA
- 16.4.3.1. Company Revenue
- 16.4.3.2. Business Overview
- 16.4.3.3. Product Segments
- 16.4.3.4. Geographic Footprint
- 16.4.3.5. Production Capacity/Plant Details, etc. (*As Applicable)
- 16.4.3.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.
- 16.4.4. RUSAL
- 16.4.4.1. Company Revenue
- 16.4.4.2. Business Overview
- 16.4.4.3. Product Segments
- 16.4.4.4. Geographic Footprint
- 16.4.4.5. Production Capacity/Plant Details, etc. (*As Applicable)
- 16.4.4.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.
- 16.4.5. Emirates Global Aluminum PJSC
- 16.4.5.1. Company Revenue
- 16.4.5.2. Business Overview
- 16.4.5.3. Product Segments
- 16.4.5.4. Geographic Footprint
- 16.4.5.5. Production Capacity/Plant Details, etc. (*As Applicable)
- 16.4.5.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.
- 16.4.6. Rio Tinto
- 16.4.6.1. Company Revenue
- 16.4.6.2. Business Overview
- 16.4.6.3. Product Segments
- 16.4.6.4. Geographic Footprint
- 16.4.6.5. Production Capacity/Plant Details, etc. (*As Applicable)
- 16.4.6.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.
- 16.4.7. China Hongqiao Group Co., Ltd.
- 16.4.7.1. Company Revenue
- 16.4.7.2. Business Overview
- 16.4.7.3. Product Segments
- 16.4.7.4. Geographic Footprint
- 16.4.7.5. Production Capacity/Plant Details, etc. (*As Applicable)
- 16.4.7.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.
- 16.4.8. State Power Investment Corporation (SPIC)
- 16.4.8.1. Company Revenue
- 16.4.8.2. Business Overview
- 16.4.8.3. Product Segments
- 16.4.8.4. Geographic Footprint
- 16.4.8.5. Production Capacity/Plant Details, etc. (*As Applicable)
- 16.4.8.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.
- 16.4.9. East Hope Group
- 16.4.9.1. Company Revenue
- 16.4.9.2. Business Overview
- 16.4.9.3. Product Segments
- 16.4.9.4. Geographic Footprint
- 16.4.9.5. Production Capacity/Plant Details, etc. (*As Applicable)
- 16.4.9.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.
- 16.4.10. Xinfa Group Co. Ltd.
- 16.4.10.1. Company Revenue
- 16.4.10.2. Business Overview
- 16.4.10.3. Product Segments
- 16.4.10.4. Geographic Footprint
- 16.4.10.5. Production Capacity/Plant Details, etc. (*As Applicable)
- 16.4.10.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.
- 16.4.11. Kaiser Aluminum
- 16.4.11.1. Company Revenue
- 16.4.11.2. Business Overview
- 16.4.11.3. Product Segments
- 16.4.11.4. Geographic Footprint
- 16.4.11.5. Production Capacity/Plant Details, etc. (*As Applicable)
- 16.4.11.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.
17. Primary Research: Key Insights
18. Appendix