Aluminum Global Market Report 2026

Aluminum is the most abundant metal element and is classified as a lightweight silvery-white metal, deriving its name from the mineral alumina.

The primary product types of aluminum are categorized as primary and secondary aluminum. Primary aluminum is obtained through the electrolytic reduction of metallurgical alumina. Various processing methods are employed, including flat-rolled, castings, extrusions, forgings, pigments and powder, rod and bar. These processed aluminum products find applications across a diverse range of end-user industries, including construction, transportation, packaging, electrical, consumer durables, machinery and equipment, and various other sectors.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs have influenced the aluminum market by increasing costs for imported primary aluminum, semi-finished products, and aluminum scrap, disrupting global supply chains and raising input prices. These impacts are most pronounced in construction, transportation, and packaging segments, particularly in regions such as North America, Europe, and Asia-Pacific that rely on cross-border aluminum trade. However, tariffs have also supported domestic smelting, encouraged secondary aluminum production, and accelerated investments in recycling and local capacity expansion.

The aluminum market research report is one of a series of new reports from The Business Research Company that provides aluminum market statistics, including aluminum industry global market size, regional shares, competitors with a aluminum market share, detailed aluminum market segments, market trends and opportunities, and any further data you may need to thrive in the aluminum industry. This aluminum market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The aluminum market size has grown strongly in recent years. It will grow from $189.59 billion in 2025 to $201.61 billion in 2026 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to growth in construction and infrastructure development, rising automotive and transportation manufacturing, increased demand for packaging materials, expansion of electrical transmission and distribution networks, availability of bauxite and aluminum smelting capacity.

The aluminum market size is expected to see strong growth in the next few years. It will grow to $259.05 billion in 2030 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to rising adoption of electric vehicles, increasing emphasis on aluminum recycling and circular economy, growth in renewable energy and power infrastructure, expanding use of lightweight materials in aviation and rail, technological advancements in aluminum processing. Major trends in the forecast period include increasing adoption of lightweight aluminum in transportation, growing demand for recycled and secondary aluminum, rising use of aluminum in sustainable packaging solutions, expansion of aluminum applications in construction and infrastructure, increasing focus on high-strength and corrosion-resistant aluminum alloys.

Growing demand from the automotive industry is anticipated to drive the expansion of the aluminum market in the coming years. The automotive industry encompasses a range of businesses and organizations involved in the design, manufacturing, marketing, and sale of motor vehicles. As the automotive sector continues to expand, it increasingly relies on aluminum in large quantities to enhance durability and improve aesthetic appeal. For example, in March 2025, according to the European Automobile Manufacturers Association, a Belgium-based trade organization, global car sales reached 74.6 million units in 2024, representing a 2.5% increase compared to 2023, while the EU car market grew by 0.8% during the same period, with total sales reaching 10.6 million units. As a result, the rapid growth of the automotive industry is fueling the expansion of the aluminum market.

Prominent companies within the aluminum market are actively engaged in the development of innovative products, notably focusing on liquid cooling plates, as part of their strategy to attain a competitive edge. Liquid cooling plates represent integral components within thermal management systems, designed to disperse the heat generated by electronic or power devices. A significant instance of this trend occurred in October 2023 when Alloy Enterprises Inc., a US-based aluminum manufacturing company, unveiled a line of aluminum cold plate components. These components boast exceptional material characteristics, including a high strength-to-weight ratio, remarkable thermal conductivity, intricate channel configurations, integrated cooling capabilities, and conformal surfaces. Engineered with heightened durability and optimized operational performance, these parts are meticulously crafted to obviate the need for further assembly, eliminating concerns related to porosity or de-powdering. Leveraging highly thermally conductive materials such as copper or aluminum, these cooling plates serve as conduits for coolants, whether liquid or gas, effectively regulating heat across various sections of the system. This innovation in liquid cooling plates underscores the commitment of industry leaders to advance thermal management technologies within the aluminum market.

In June 2024, Mengtai Group, a China-based aluminum production conglomerate, acquired Alu Menziken for an undisclosed amount. This acquisition aligns with Mengtai Group's strategic goal of enhancing its capabilities, fostering innovation, and expanding its market presence within the European aluminum industry. Alu Menziken is a Switzerland-based steel manufacturing company that specializes in producing lightweight aluminum components.

Major companies operating in the aluminum market report are BHP Group Limited, Hulamin Limited, Rio Tinto plc, Hindalco Industries Limited, Norsk Hydro ASA, Aluminum Corporation of China Limited, China Hongqiao Group Limited, Vedanta Resources Limited, Novelis Inc., Reliance Steel & Aluminum Co., Alcoa Corporation, United Company RUSAL Plc, Arconic Inc., Constellium SE, Emirates Global Aluminium PJSC, Vimetco N.V., Kaiser Aluminum Corporation, Century Aluminum Company, Aluminium Bahrain B.S.C., Alumetal S.A., Hydro Extrusion USA LLC, Gulf Aluminium Rolling Mill B.S.C., Assan Aluminyum Sanayi ve Ticaret A.S., East Hope Group Company Limited, Dubai Aluminium Company Limited, Shandong Xinfa Aluminum Co. Ltd., China Zhongwang Holdings Limited

Asia-Pacific was the largest region in the aluminum market in 2025 and is expected to be the fastest-growing region in the forecast period. The regions covered in the aluminum market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the aluminum market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The aluminum market consists of sales of flat products, extruded products, forged products, long products, cast products, and others. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Aluminum Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses aluminum market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 16 geographies.
• Assess the impact of key macro factors such as geopolitical conflicts, trade policies and tariffs, inflation and interest rate fluctuations, and evolving regulatory landscapes.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on end user analysis.
• Benchmark performance against key competitors based on market share, innovation, and brand strength.
• Evaluate the total addressable market (TAM) and market attractiveness scoring to measure market potential.
• Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
• Report will be updated with the latest data and delivered to you within 2-3 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for aluminum ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The aluminum market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Product Type: Primary Aluminum; Secondary Aluminum
• 2) By Processing Method: Flat rolled; Castings; Extrusions; Forgings; Pigments and Powder; Rod and Bar
• 3) By End-user: Construction; Transportation; Packaging; Electrical; Consumer durables; Machinery and Equipment; Other End-users
• Subsegments:
• 1) By Primary Aluminum: Primary Aluminum Ingots; Primary Aluminum Billets; Primary Aluminum Sheets and Plates; Primary Aluminum Extrusions
• 2) By Secondary Aluminum: Recycled Aluminum Ingots; Aluminum Alloys from Scrap; Secondary Aluminum Sheets and Plates; Secondary Aluminum Extrusions
• Companies Mentioned: BHP Group Limited; Hulamin Limited; Rio Tinto plc; Hindalco Industries Limited; Norsk Hydro ASA; Aluminum Corporation of China Limited; China Hongqiao Group Limited; Vedanta Resources Limited; Novelis Inc.; Reliance Steel & Aluminum Co.; Alcoa Corporation; United Company RUSAL Plc; Arconic Inc.; Constellium SE; Emirates Global Aluminium PJSC; Vimetco N.V.; Kaiser Aluminum Corporation; Century Aluminum Company; Aluminium Bahrain B.S.C.; Alumetal S.A.; Hydro Extrusion USA LLC; Gulf Aluminium Rolling Mill B.S.C.; Assan Aluminyum Sanayi ve Ticaret A.S.; East Hope Group Company Limited; Dubai Aluminium Company Limited; Shandong Xinfa Aluminum Co. Ltd.; China Zhongwang Holdings Limited
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery Format: Word, PDF or Interactive Report
• + Excel Dashboard
• Added Benefits
• Bi-Annual Data Update
• Customisation
• Expert Consultant Support

Added Benefits available all on all list-price licence purchases, to be claimed at time of purchase. Customisations within report scope and limited to 20% of content and consultant support time limited to 8 hours.