PUBLISHER: The Insight Partners | PRODUCT CODE: 1872730
PUBLISHER: The Insight Partners | PRODUCT CODE: 1872730
The India and Southeast Asia flat rolled aluminum market size was valued at US$ 7.70 billion in 2024 and is projected to reach US$ 11.35 billion by 2031; it is expected to register a CAGR of 5.9% during 2025 to 2031.
In India, the National Infrastructure Pipeline (NIP) targets US$ 1.5 trillion (₹111 lakh crore) in investments by 2025, focusing on roads, railways, and urban infrastructure. The PM Gati Shakti National Master Plan, launched in 2021, integrates ministries to streamline multimodal connectivity, reducing logistics costs by 10-15%. Per the Ministry of Mines, India's construction sector, growing at a 7% CAGR, consumed over 2 million tons of aluminum in 2024 for roofing, cladding, and structural components. Rapid urbanization in Southeast Asia-especially in Indonesia and Vietnam-is fueling demand, with ASEAN infrastructure investment projected to reach US$ 3 trillion by 2030.
Flat rolled aluminum, valued for its lightweight, corrosion-resistant properties, is widely used in building facades, curtain walls, and metro systems. India's railway network, the world's fourth largest at 68,000 km in 2024, increasingly adopts aluminum for train bodies and station structures. The Bharatmala Pariyojana program aims to develop 83,677 km of highways by 2027-2028, boosting the demand for aluminum sheets for bridges and signage. In Southeast Asia, Thailand's Eastern Economic Corridor and Indonesia's new capital project (Nusantara) rely on aluminum for sustainable construction. Thus, robust infrastructure growth drives the demand for flat rolled aluminum.
Per the Indian Brand Equity Foundation, India's packaging industry, valued at US$ 75 billion in 2024, is growing at a 12% CAGR, driven by e-commerce and processed food demand. Flat rolled aluminum, particularly foils and sheets, is widely used in food, beverage, pharmaceutical, and e-commerce packaging due to its recyclability and barrier properties.
India's Plastic Waste Management Rules (amended 2022) promote aluminum as a sustainable alternative to single-use plastics, boosting foil demand by 15% annually. In Southeast Asia, ASEAN's Circular Economy Framework encourages recyclable materials, with aluminum foil usage in medical packaging rising 20% in 2024. The beverage market, reliant on aluminum sheets, is expanding, with India's per capita can consumption doubling to 2 kg since 2020. Rising consumer preference for eco-friendly packaging and stringent regulations on plastic waste further amplify demand, positioning flat rolled aluminum as a critical material in the region's packaging sector.
Some of the key players operating in the India and Southeast Asia flat rolled aluminum market are Jupiter Aluminium Industries Pvt Ltd, Inalco Metal Pvt Ltd, Hindalco Industries Ltd, Jindal Aluminium Ltd, Gabrian International (HK) LTD, LODEC Group, UACJ Corp, Gulf Aluminium Rolling Mill (GARMCO), Talco Aluminium Co, and Vishal Aluminium Pvt Ltd.
The overall India and Southeast Asia flat rolled aluminum market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information about the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights into the topic. Participants in this process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders, specializing in the India and Southeast Asia flat rolled aluminum market.