알루미늄 시장 규모, 점유율, 성장 분석 : 제품 유형별, 합금 유형별, 최종 용도별, 지역별 - 산업 예측(2024-2031년)

Global Aluminum Market size was valued at USD 170.7 billion in 2022 and is poised to grow from USD 179.9 billion in 2023 to USD 256.53 billion by 2031, growing at a CAGR of 5.2% in the forecast period (2024-2031).

The global aluminum industry is experiencing robust growth, primarily driven by China's surging demand for this abundant metal. Governed mainly by state-owned enterprises, China's rapidly evolving industries-including construction, packaging, transportation, and electrical-consume the majority of the country's aluminum supply. A concerted effort by the Chinese government to enhance aluminum accessibility to industries is poised to significantly influence global market expansion. However, environmental concerns surrounding bauxite mining and aluminum production are hindering market growth. In response, many refineries are increasingly focusing on producing secondary aluminum. While this shift may alleviate some issues, both long- and short-term growth prospects for the aluminum sector are likely to be constrained by these environmental challenges.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Aluminum market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Aluminum Market Segmental Analysis

Global Aluminum Market is segmented by Product, Alloy Type, End-use and region. Based on Product, the market is segmented into, Sheet, Plate, Cast Products, Extrusion, Others. Based on Alloy Type, the market is segmented into Cast Alloy, Wrought Alloy. Based on End-use, the market is segmented into Construction, Transportation (Aerospace, Automotive, Marine), Packaging (Food & Beverages, Cosmetics, and Others), Electrical, Consumer Durables, Machinery & Equipment, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.

Driver of the Global Aluminum Market

The global aluminum market is significantly driven by the material's affordability and diverse applications across numerous industries. A substantial amount of aluminum is derived from recycled sources, emphasizing its sustainability; scrap from vehicles, machinery, and beverage containers is often repurposed. This recycling process is more environmentally friendly since it requires less energy compared to extracting new aluminum from ore. Furthermore, the establishment of depollution centers and facilities dedicated to dismantling and shredding vehicles is expected to support market growth. Additionally, the increasing utilization of aluminum in the transportation sector is projected to further enhance its demand and overall consumption globally.

Restraints in the Global Aluminum Market

The global aluminum market faces significant constraints due to the stringent environmental regulations imposed by governments and organizations. In response to rising environmental concerns and public demand for effective pollution control, numerous countries have enacted new policies that impose stricter requirements on smelting operations. These regulations have led to increased production costs as companies strive to meet elevated emission standards. Additionally, the health risks associated with aluminum exposure, such as headaches, skin rashes, asthma, insomnia, and even severe conditions like lung fibrosis, further complicate the situation. The potential for fires and explosions in industrial settings adds another layer of risk, thereby hindering market growth.

Market Trends of the Global Aluminum Market

The global aluminum market is witnessing a significant upward trend, driven largely by the automotive sector's increasing reliance on aluminum for vehicle construction. As manufacturers seek to enhance fuel efficiency and reduce emissions, the adoption of aluminum in new car designs has surged, particularly among electric vehicle makers aiming to optimize weight and performance. Leading automakers like Mercedes and BMW are increasingly substituting aluminum for traditional materials such as stainless steel, capitalizing on its lightweight properties and comparable strength. This shift is projected to accelerate market growth, as sustainability and technological advancements continue to shape industry practices through 2023 and beyond.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Driver & Opportunities
  • Restraints & Challenges
• Porters Analysis & Impact
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2023
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis
• Technological Advancement
• Regulatory Landscape
• Case Studies
• Customer & Buying Criteria Analysis

Global Aluminum Market Size by Product & CAGR (2024-2031)

• Market Overview
• Sheet
• Plate
• Cast Products
• Extrusion
• Others

Global Aluminum Market Size by Alloy Type & CAGR (2024-2031)

• Market Overview
• Cast Alloy
• Wrought Alloy

Global Aluminum Market Size by End-use & CAGR (2024-2031)

• Market Overview
• Construction
• Transportation
  • Aerospace
  • Automotive
  • Marine
• Packaging
  • Food & Beverages
  • Cosmetics
  • Others
• Electrical
• Consumer Durables
• Machinery & Equipment
• Others

Global Aluminum Market Size & CAGR (2024-2031)

• North America, (Product, Alloy Type, End-use)
  • US
  • Canada
• Europe, (Product, Alloy Type, End-use)
  • UK
  • Germany
  • Spain
  • France
  • Italy
  • Rest of Europe
• Asia-Pacific, (Product, Alloy Type, End-use)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America, (Product, Alloy Type, End-use)
  • Brazil
  • Rest of Latin America
• Middle East & Africa, (Product, Alloy Type, End-use)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2023
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2023
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2021-2023)

Key Company Profiles

• Alcoa Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Aluminum Corporation of China Limited (CHALCO)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Emirates Global Aluminium
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Rio Tinto
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Norsk Hydro ASA
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• China Hongqiao Group Limited
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• RUSAL
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Vedanta Aluminium & Power
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hindalco Industries Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Shandong Xinfa Aluminum Group
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• East Hope Group
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Novelis Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Logan Aluminum
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Aleris Rolled Products
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• JW Aluminum
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hangzhou Century Aluminum
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• State Power Investment Corporation (SPIC)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Arconic
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• South32
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Aluminum Bahrain (Alba)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendation