Aluminum Market Is Estimated to Reach $246.6 Billion by 2024

Published By: IndustryARC Published On : 16-Apr-2019
The Report “

Aluminum Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2019 - 2024

,” published by IndustryARC, estimates the global aluminum market to reach $246.6 billion by 2024.

Browse  an in-depth TOC on “

Aluminum Market


Early buyers will receive a 10% customization on this report.



According to a recent study by IndustryARC, the Aluminum market is forecast to reach $246.6 billion by 2024, growing at a CAGR of 6.2%. The growth of the Aluminum market can be attributed to the growing demand from the construction industry. The rapid industrialization and rising urbanization have led to the increased construction of commercial and residential buildings, thus leading to the high demand for aluminum and aluminum alloys. 

The market for Aluminum is all set to exhibit robust growth as demand for aluminum across the globe is projected to increase at 5.8% per year. Another key factor that contributes to the growth of the aluminum market is the increased demand from the automotive sector. Aluminum remains the fastest growing automotive material over competing materials and is entering its most unprecedented growth phase because of the industry’s shift towards light automotive materials. The increase in demand for light-weight and fuel-efficient vehicles is expected to boost the demand for aluminum in the near future.
The major factor for the growth of the aluminum market in the Asia-Pacific region is the booming construction sector.  Moreover, the economic development and rising purchasing power in the emerging economies such as India, China, Indonesia, Malaysia, and others of the region are leading to a substantial demand for automobiles. The growth in demand for automobiles has led to increasing in fuel consumption, which has further led to a surge in fuel prices. To address this issue, the automotive industry has started using aluminum alloys to reduce the weight of automobiles substantially without compromising on the strength and weight carrying capacity of the vehicles. 

Competitive landscape


  • Emirates Global Aluminum
  • Vedanta Resources Plc
  • Dubai Aluminum Co. Ltd.
  • Aluminum Corporation of China Ltd.
  • BHP Billiton Ltd.
  • United Co. 

Aluminum manufacturers have laid their focus on mergers and acquisitions as well as product launches to augment entry into related markets and enhance their core competencies and product portfolio as well as gain a foothold in the emerging markets.

The various end-user industries covered in the report include


  • Transportation
  • Construction
  • Machinery and Equipment
  • Packaging
  • Electrical and Electronics
  • Others 

The overall market is also presented from the perspective of different geographic regions and the key countries for this industry.  Competitive landscape for each of the product types is highlighted and market players are profiled.

Talk to one of our sales representative about the full report by providing your details in the link below:


Related Reports


Aluminum Extrusion Products Market


Aluminum Casting Market 


Steel Market


About IndustryARC:


IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

We look forward to supporting the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

Contact Us:

Mr. Venkateshwar Reddy
Business Development Manager 

Contact Sales: 

1-614-588-8538 (Ext-101)

Connect with us on LinkedIn

 - https://www.linkedin.com/company/industryarc

Request for Sample

News letter

Type your email below and receive our daily news and updates for free