Primary Aluminium Market Report: Trends, Forecast and Competitive Analysis to 2030

Primary Aluminium Trends and Forecast

The future of the global primary aluminium market looks promising with opportunities in the transportation, construction, packaging, electrical & electronic, machinery & equipment, and consumer good markets. The global primary aluminium market is expected to grow with a CAGR of 5.7% from 2024 to 2030. The major drivers for this market are increasing demand for lightweight and fuel-efficient vehicles, expanding packaging applications, and infrastructure development.

A more than 150-page report is developed to help in your business decisions.

Primary Aluminium by Segment

The study includes a forecast for the global primary aluminium by product type, application, and region.

Primary Aluminium Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:

• Primary Ingot or Billet
• Primary Alloy

Primary Aluminium Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Transportation
• Construction
• Packaging
• Electrical & Electronics
• Machinery & Equipments
• Consumer Goods
• Others

Primary Aluminium Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Primary Aluminium Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies primary aluminium companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the primary aluminium companies profiled in this report include-

• China Hongqiao
• Rio Tinto
• Uc Rusal
• Alcoa

Primary Aluminium Market Insights

Lucintel forecasts that primary ingot or billet is expected to witness the higher growth over the forecast period.

Within this market, transportation will remain the largest segment due to high consumer demand for light and more fuel-efficient automobiles.

APAC is expected to witness highest growth over the forecast period due to growth of the construction industry and the expanding packaging applications.

Features of the Global Primary Aluminium Market

Market Size Estimates: Primary aluminium market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Primary aluminium market size by product type, application, and region in terms of value ($B).

Regional Analysis: Primary aluminium market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different product types, applications, and regions for the primary aluminium market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the primary aluminium market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the growth forecast for primary aluminium market?

Answer: The global primary aluminium market is expected to grow with a CAGR of 5.7% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the primary aluminium market?

Answer: The major drivers for this market are increasing demand for lightweight and fuel-efficient vehicles, expanding packaging applications and infrastructure development.

Q3. What are the major segments for primary aluminium market?

Answer: The future of the primary aluminium market looks promising with opportunities in the transportation, construction, packaging, electrical & electronic, machinery & equipment, and consumer good markets.

Q4. Who are the key primary aluminium market companies?

Answer: Some of the key primary aluminium companies are as follows.

• China Hongqiao
• Rio Tinto
• Uc Rusal
• Alcoa

Q5. Which primary aluminium market segment will be the largest in future?

Answer: Lucintel forecasts that primary ingot or billet is expected to witness the higher growth over the forecast period.

Q6. In primary aluminium market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to growth of the construction industry and the expanding packaging applications.

Q7. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the primary aluminium market by product type (primary ingot or billet and primary alloy), application (transportation, construction, packaging, electrical & electronics, machinery & equipments, consumer goods, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?