The South Korea aluminium market reached approximately USD 10.49 Billion in 2024. The market is projected to grow at a CAGR of 7.50% between 2025 and 2034, reaching a value of around USD 21.62 Billion by 2034.
South Korea Aluminium Market Growth
Growing demand for aluminium from the automotive and construction sectors is one of the major factors boosting the market growth. Due to its superior strength-to-weight ratio, aluminium offers great fuel efficiency to vehicles as less force is required to run the vehicle. It is also widely used in aeroplanes and space shuttles due to its superior strength, lightweight and increased flexibility. Moreover, the high thermal efficiency of aluminium makes it a preferable option for keeping buildings warm in winter and cool in summer and its ability to be welded into any desired shape further gives it preference over steel or wood for the construction of innovative buildings.
Several market players are establishing partnerships to transition towards a green economy in the aluminium sector. For instance, TAHA International announced that it has signed an agreement with Hwarim Tech in South Korea for the extraction and treatment of aluminium metal in an eco-friendly and energy-efficient manner which can foster sustainability in the aluminium sector.
South Korea Aluminium Industry Segmentation
“South Korea Aluminium Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Primary
Secondary
Market Breakup by Processing Method
Flat Rolled Products
Castings
Extrusions
Forgings
Pigments and Powder
Rod and Bars
Market Breakup by End Use
Automotive
Aerospace and Defence
Building and Construction
Electrical and Electronics
Packaging
Industrial
Others
South Korea Aluminium Market Share
The growing applications of aluminium in the electronics and electrical sector aid the market development. In the electrical sector, it is heavily utilised for long-distance power lines due to its low density as well as corrosion-resistant nature which protects the wire. Meanwhile, it is witnessing robust growth in the consumer electronics sector as it offers high durability and quick heat dissipation, which prevents the devices from overheating. For example, the tech giant Apple is primarily using aluminium in its iPhone and Macbooks due to its favourable properties.
Leading Companies in South Korea Aluminium Market
The market players are establishing partnerships for the development of sustainable aluminium amid rising environmental concerns.
Yoosung Aluminium Co., Ltd.
Dong-Il Aluminium Co.,Ltd,
Ulsan Aluminum, Ltd.
Norsk Hydro ASA
Aluko Co.,Ltd.
Others
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Asia Pacific Aluminium Market Overview
- 5.1 Key Industry Highlights
- 5.2 Asia Pacific Aluminium Historical Market (2018-2024)
- 5.3 Asia Pacific Aluminium Market Forecast (2025-2034)
- 6 South Korea Aluminium Market Overview
- 6.1 Key Industry Highlights
- 6.2 South Korea Aluminium Historical Market (2018-2024)
- 6.3 South Korea Aluminium Market Forecast (2025-2034)
- 7 South Korea Aluminium Market by Type
- 7.1 Primary
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Secondary
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 8 South Korea Aluminium Market by Processing Method
- 8.1 Flat Rolled Products
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Castings
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 Extrusions
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 8.4 Forgings
- 8.4.1 Historical Trend (2018-2024)
- 8.4.2 Forecast Trend (2025-2034)
- 8.5 Pigments and Powder
- 8.5.1 Historical Trend (2018-2024)
- 8.5.2 Forecast Trend (2025-2034)
- 8.6 Rod and Bars
- 8.6.1 Historical Trend (2018-2024)
- 8.6.2 Forecast Trend (2025-2034)
- 9 South Korea Aluminium Market by End Use
- 9.1 Automotive
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Aerospace and Defense
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 Building and Construction
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 9.4 Electrical and Electronics
- 9.4.1 Historical Trend (2018-2024)
- 9.4.2 Forecast Trend (2025-2034)
- 9.5 Packaging
- 9.5.1 Historical Trend (2018-2024)
- 9.5.2 Forecast Trend (2025-2034)
- 9.6 Industrial
- 9.6.1 Historical Trend (2018-2024)
- 9.6.2 Forecast Trend (2025-2034)
- 9.7 Others
- 10 Market Dynamics
- 10.1 SWOT Analysis
- 10.1.1 Strengths
- 10.1.2 Weaknesses
- 10.1.3 Opportunities
- 10.1.4 Threats
- 10.2 Porter’s Five Forces Analysis
- 10.2.1 Supplier’s Power
- 10.2.2 Buyer’s Power
- 10.2.3 Threat of New Entrants
- 10.2.4 Degree of Rivalry
- 10.2.5 Threat of Substitutes
- 10.3 Key Indicators for Demand
- 10.4 Key Indicators for Price
- 11 Value Chain Analysis
- 12 Competitive Landscape
- 12.1 Supplier Selection
- 12.2 Key Global Players
- 12.3 Key Regional Players
- 12.4 Key Player Strategies
- 12.5 Company Profiles
- 12.5.1 Yoosung Aluminium Co., Ltd.
- 12.5.1.1 Company Overview
- 12.5.1.2 Product Portfolio
- 12.5.1.3 Demographic Reach and Achievements
- 12.5.1.4 Certifications
- 12.5.2 Dong-Il Aluminium Co.,Ltd.
- 12.5.2.1 Company Overview
- 12.5.2.2 Product Portfolio
- 12.5.2.3 Demographic Reach and Achievements
- 12.5.2.4 Certifications
- 12.5.3 Ulsan Aluminum, Ltd.
- 12.5.3.1 Company Overview
- 12.5.3.2 Product Portfolio
- 12.5.3.3 Demographic Reach and Achievements
- 12.5.3.4 Certifications
- 12.5.4 Norsk Hydro ASA
- 12.5.4.1 Company Overview
- 12.5.4.2 Product Portfolio
- 12.5.4.3 Demographic Reach and Achievements
- 12.5.4.4 Certifications
- 12.5.5 Aluko Co.,Ltd.
- 12.5.5.1 Company Overview
- 12.5.5.2 Product Portfolio
- 12.5.5.3 Demographic Reach and Achievements
- 12.5.5.4 Certifications
- 12.5.6 Others
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