Dublin, May 07, 2025 (GLOBE NEWSWIRE) -- The "Aluminum Market to 2035: Distribution by Type of Aluminum, Type of Alloy, Type of Series, Type of Product, Type of End Use, Geographical Regions - Industry Trends and Global Forecasts" report has been added to ResearchAndMarkets.com's offering.
The global aluminum market size is estimated to grow from USD 199.7 billion in the current year to USD 374.1 billion by 2035, at a CAGR of 5.87% during the forecast period, till 2035.
Aluminum's unique properties, such as high strength coupled with low weight, make it an ideal choice for a wide range of applications, notably in automotive, aerospace, and transportation sectors.
Aluminum Market: Key Segments
Types of Aluminum: The market is divided into primary and secondary aluminum categories. Currently, primary aluminum holds the largest market share due to its direct production from bauxite ore. Meanwhile, secondary aluminum is expected to experience a higher growth rate during the forecast period.
Alloys: The market segments into cast and wrought alloys, with the latter dominating. Wrought alloys, thanks to mechanical processes enhancing their ductility and strength, have found vast applications in aerospace and automotive industries. Despite this, the cast alloy segment is forecasted to grow more rapidly.
Aluminum Series: Among various series, series 1 is presently leading the market due to its high demand in electricity applications. However, series 6 is projected to grow at a faster rate, driven by its increasing applications across various industries.
Products: Extrusion products currently hold the leading market share, catalyzed by the rising demand for specific shapes in construction and consumer goods.
End Users: Transportation is the dominant end-user segment, benefiting from aluminum's lightweight nature essential for automotive applications. Nevertheless, the building and construction sector is expected to record higher growth.
Market Share by Geographical Regions
Based on the geographical regions, the Aluminum market is segmented into North America, Europe, Asia, Latin America, Middle East and North Africa, and Rest of the World.
Currently, Asia captures the majority share of the market. This can be attributed to the highest levels of production and consumption within this region. However, market share in North America is anticipated to grow at a higher CAGR during the forecast period.
Sample Players in Aluminum Market Profiled in the Report include:
- Acuity Brands
- Alco
- Aluminum Corporation of China
- Bharat Aluminum Company
- China Hongqiao
- Cisco Systems
- Constellium
- East Hope Group
- Emirates Global Aluminum
- Hindalco Industries
- Maan Aluminum
- MMP Indus
- Nalco
- Norsk Hydro
- Novelis
- PG Foils
- Rio Tinto
- Rusal
- Sudal Industries
- Timet Aluminum
- Vedanta
- Vedanta Resources
- Xinfa
Aluminum Market: Research Coverage
The report on the aluminum market features insights on various sections, including:
- Market Sizing and Opportunity Analysis: An in-depth analysis of the aluminum market, focusing on key market segments, including type of aluminum, type of alloy, type of series, type of product, type of end-user, geographical regions.
- Competitive Landscape: A comprehensive analysis of the companies engaged in the aluminum market, based on several relevant parameters, such as year of establishment, company size, location of headquarters, ownership structure.
- Company Profiles: Elaborate profiles of prominent players engaged in the aluminum market, providing details on location of headquarters, company size, company mission, company footprint, management team, contact details, financial information, operating business segments, Aluminum portfolio, moat analysis, recent developments, and an informed future outlook.
- SWOT Analysis: An insightful SWOT framework, highlighting the strengths, weaknesses, opportunities and threats in the domain. Additionally, it provides Harvey ball analysis, highlighting the relative impact of each SWOT parameter.
Key Questions Answered in this Report
- How do cast and wrought alloys differ in their applications and market performance?
- Which are the leading companies in this market?
- What factors are likely to influence the evolution of this market?
- What is the current and future market size?
- What is the CAGR of this market?
- How is the current and future market opportunity likely to be distributed across key market segments?
- What factors contribute to Asia's dominance in the aluminum market, and how does North America compare?
Reasons to Buy this Report
- The report provides a comprehensive market analysis, offering detailed revenue projections of the overall market and its specific sub-segments. This information is valuable to both established market leaders and emerging entrants.
- Stakeholders can leverage the report to gain a deeper understanding of the competitive dynamics within the market. By analyzing the competitive landscape, businesses can make informed decisions to optimize their market positioning and develop effective go-to-market strategies.
- The report offers stakeholders a comprehensive overview of the market, including key drivers, barriers, opportunities, and challenges. This information empowers stakeholders to stay abreast of market trends and make data-driven decisions to capitalize on growth prospects.
Additional Benefits
- Complimentary Excel Data Packs for all Analytical Modules in the Report
- 10% Free Content Customization
- Detailed Report Walkthrough Session with Research Team
Report Scope
The opportunity for aluminum market has been distributed across the following segments:
Type of Aluminum
- Primary Aluminum
- Secondary Aluminum
Type of Alloy
- Cast Alloy
- Wrought Alloy
Type of Series
- Series 1
- Series 2
- Series 3
- Series 4
- Series 5
- Series 6
- Series 7
- Series 8
Type of Product
- Billets
- Castings
- Extrusion
- Flat Rolled
- Foils
- Forgings
- Ingots
- Pigments and Powder
- Rod and Bar
Type of End User
Building & Construction
- Commercial
- Industrial
- Residential
Consumer Goods
- Appliances
- Furniture
Electrical & Electronics
- Consumer Electronics
- Power Cables
Machinery & Equipment
Packaging
- Beverage Cans
- Foil Packaging
Transportation
- Automotive
- Aerospace
- Marine
- Railways
Others
- Defense
- Industrial Applications
Geographical Regions
- North America
- US
- Canada
- Mexico
- Other North American countries
- Europe
- Austria
- Belgium
- Denmark
- France
- Germany
- Ireland
- Italy
- Netherlands
- Norway
- Russia
- Spain
- Sweden
- Switzerland
- UK
- Other European countries
- Asia
- China
- India
- Japan
- Singapore
- South Korea
- Other Asian countries
- Latin America
- Brazil
- Chile
- Colombia
- Venezuela
- Other Latin American countries
- Middle East and North Africa
- Egypt
- Iran
- Iraq
- Israel
- Kuwait
- Saudi Arabia
- UAE
- Other MENA countries
- Rest of the World
- Australia
- New Zealand
- Other countries
For more information about this report visit https://www.researchandmarkets.com/r/g9in89
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