Global Aluminum Market 2020-2024

Global Aluminum Market 2020-2024

Technavio has been monitoring the aluminum market and it is poised to grow by 13.66 mn tons during 2020-2024 progressing at a CAGR of 3% during the forecast period. Our reports on aluminum market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rising demand for aluminum cans in the beverage industry and increasing demand of aluminum in electric vehicles. In addition, rising demand for aluminum cans in the beverage industry is anticipated to boost the growth of the market as well.

The aluminum market analysis includes the end-user segment and geographical landscapes.

Technavio's aluminum market is segmented as below:

By End-user

  • Transportation
  • Construction
  • Packaging
  • Electrical engineering
  • Others
By Geographic Landscapes
  • APAC
  • Europe
  • North America
  • MEA
  • South America
This study identifies stringent regulations for environmental protection as one of the prime reasons driving the aluminum market growth during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our aluminum market covers the following areas:
  • Aluminum market sizing
  • Aluminum market forecast
  • Aluminum market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading aluminum market vendors that include Alcoa Corp., Aluminum Corp. of China Ltd., China Hongqiao Group Ltd., Emirates Global Aluminium PJSC, Kaiser Aluminum Corp., National Aluminium Co. Ltd., Norsk Hydro ASA, Rio Tinto Ltd., United Company Rusal Plc, and Xinfa Group Co. Ltd.. Also, the aluminum market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Table Parent market
    • Market characteristics
      • Table Market characteristics
    • Value chain analysis
      • Table Value Chain analysis: Metals and Mining Market
      • Inputs
      • Operations
      • Mine development and extraction
      • Outbound logistics
      • Marketing and sales
      • End-user industries
      • Support activities
      • Innovations
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024
      • Table Global - Market size and forecast 2019 - 2024 (million tons)
      • Table Global Aluminum Market 2019-2024 (million tons), exclusive of COVID-19 impact
      • Table Global market: Year-over-year growth 2019 - 2024 (%)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis 2019 & 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market Segmentation by End-user by Volume
    • Market segments
      • Table End-user by volume - Market share 2019-2024 (%)
    • Comparison by End-user by volume
      • Table Comparison by End-user by volume
    • Transportation - Market size and forecast 2019- 2024 (million tons)
      • Table Transportation - Market size and forecast 2019-2024 (million tons)
      • Table Transportation - Market size and forecast 2019-2024 (million tons), exclusive of COVID-19 impact
      • Table US New Vehicles Sales (thousand units)
      • Table Transportation - Year-over-year growth 2019-2024 (%)
    • Construction - Market size and forecast 2019- 2024 (million tons)
      • Table Construction - Market size and forecast 2019-2024 (million tons)
      • Table Construction - Market size and forecast 2019-2024 (million tons), exclusive of COVID-19 impact
      • Table US residential construction spending
      • Table Construction - Year-over-year growth 2019-2024 (%)
    • Packaging - Market size and forecast 2019-2024 (million tons)
      • Table Packaging - Market size and forecast 2019-2024 (million tons)
      • Table Packaging - Market size and forecast 2019-2024 (million tons), exclusive of COVID-19 impact
      • Table Packaging - Year-over-year growth 2019-2024 (%)
    • Electrical engineering - Market size and forecast 2019-2024 (million tons)
      • Table Electrical engineering - Market size and forecast 2019-2024 (million tons)
      • Table Electrical engineering - Market size and forecast 2019-2024 (million tons), exclusive of COVID-19 impact
      • Table Electrical engineering - Year-over-year growth 2019-2024 (%)
    • Others - Market size and forecast 2019-2024 (million tons)
      • Table Others - Market size and forecast 2019-2024 (million tons)
      • Table Others - Market size and forecast 2019-2024 (million tons), exclusive of COVID-19 impact
      • Table Others - Year-over-year growth 2019-2024 (%)
    • Market opportunity by End-user by volume
      • Table Market opportunity by End-user by volume
  • Market Segmentation by Production Process by Volume
    • Market segments
      • Table Production process by volume - Market share 2019-2024 (%)
    • Comparison by production process by volume
      • Table Comparison by production process by volume
    • Primary aluminum - Market size and forecast 2019-2024 (million tons)
      • Table Primary aluminum - Market size and forecast 2019-2024 (million tons)
      • Table Primary aluminum - Market size and forecast 2019-2024 (million tons), exclusive of COVID-19 impact
      • Table Primary aluminum - Year-over-year growth 2019-2024 (%)
    • Secondary aluminum - Market size and forecast 2019-2024 (million tons)
      • Table Secondary aluminum - Market size and forecast 2019-2024 (million tons)
      • Table Secondary aluminum - Market size and forecast 2019-2024 (million tons), exclusive of COVID-19 impact
      • Table Secondary aluminum - Year-over-year growth 2019-2024 (%)
    • Market opportunity by production process by volume
      • Table Market opportunity by production process by volume
  • Customer landscape
    • Table Customer landscape
  • Geographic Landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 (million tons)
      • Table APAC Aluminum Market 2019-2024 (million tons), exclusive of COVID-19 impact
      • Table APAC - Year-over-year growth 2019-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 (million tons)
      • Table Europe Aluminum Market 2019-2024 (million tons), exclusive of COVID-19 impact
      • Table Europe - Year-over-year growth 2019-2024 (%)
    • North America - Market size and forecast 2019- 2024
      • Table North America - Market size and forecast 2019-2024 (million tons)
      • Table North America Aluminum Market 2019-2024 (million tons), exclusive of COVID- 19 impact
      • Table North America - Year-over-year growth 2019-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 (million tons)
      • Table MEA Aluminum Market 2019-2024 (million tons), exclusive of COVID-19 impact
      • Table MEA - Year-over-year growth 2019-2024 (%)
    • South America - Market size and forecast 2019- 2024
      • Table South America - Market size and forecast 2019-2024 (million tons)
      • Table South America Aluminum Market 2019-2024 (million tons), exclusive of COVID-19 impact
      • Table South America - Year-over-year growth 2019-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by geography
      • Table Market opportunity by geography
  • Drivers, Challenges, and Trends
    • Market drivers
      • Increasing demand for aluminum in electric vehicles
      • Increasing demand for aluminum cans in the beverage industry
      • Stringent regulations for environmental protection
    • Market challenges
      • High volatility in London Metal Exchange (LME) prices of aluminum
      • Presence of substitutes products
      • Increasing closure of aluminum smelting units
        • Table Impact of drivers and challenges
    • Market trends
      • Increasing use of lightweight materials in various end-user industries
      • Development of green buildings
      • Rise in the significance of secondary aluminum
  • Vendor Landscape
    • Competitive scenario
    • Vendor landscape
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Alcoa Corp.
      • Table Alcoa Corp. - Overview
      • Table Alcoa Corp. - Business segments
      • Table Alcoa Corp. - Key news
      • Table Alcoa Corp. - Key offerings
      • Table Alcoa Corp. - Segment focus
    • Aluminum Corp. of China Ltd.
      • Table Aluminum Corp. of China Ltd. - Overview
      • Table Aluminum Corp. of China Ltd. - Business segments
      • Table Aluminum Corp. of China Ltd. - Key offerings
      • Table Aluminum Corp. of China Ltd. - Segment focus
    • China Hongqiao Group Ltd.
      • Table China Hongqiao Group Ltd. - Overview
      • Table China Hongqiao Group Ltd. - Product and service
      • Table China Hongqiao Group Ltd. - Key offerings
    • Emirates Global Aluminium PJSC
      • Table Emirates Global Aluminium PJSC - Overview
      • Table Emirates Global Aluminium PJSC - Product and service
      • Table Emirates Global Aluminium PJSC - Key news
      • Table Emirates Global Aluminium PJSC - Key offerings
    • Kaiser Aluminum Corp.
      • Table Kaiser Aluminum Corp. - Overview
      • Table Kaiser Aluminum Corp. - Product and service
      • Table Kaiser Aluminum Corp. - Key news
      • Table Kaiser Aluminum Corp. - Key offerings
    • National Aluminium Co. Ltd.
      • Table National Aluminium Co. Ltd. - Overview
      • Table National Aluminium Co. Ltd. - Business segments
      • Table National Aluminium Co. Ltd. - Key news
      • Table National Aluminium Co. Ltd. - Key offerings
      • Table National Aluminium Co. Ltd. - Segment focus
    • Norsk Hydro ASA
      • Table Norsk Hydro ASA - Overview
      • Table Norsk Hydro ASA - Business segments
      • Table Norsk Hydro ASA - Key news
      • Table Norsk Hydro ASA - Key offerings
      • Table Norsk Hydro ASA - Segment focus
    • Rio Tinto Ltd.
      • Table Rio Tinto Ltd. - Overview
      • Table Rio Tinto Ltd. - Business segments
      • Table Rio Tinto Ltd. - Key news
      • Table Rio Tinto Ltd. - Key offerings
      • Table Rio Tinto Ltd. - Segment focus
    • United Company Rusal Plc
      • Table United Company Rusal Plc - Overview
      • Table United Company Rusal Plc - Business segments
      • Table United Company Rusal Plc - Key news
      • Table United Company Rusal Plc - Key offerings
      • Table United Company Rusal Plc - Segment focus
    • Xinfa Group Co. Ltd.
      • Table Xinfa Group Co. Ltd. - Overview
      • Table Xinfa Group Co. Ltd. - Product and service
      • Table Xinfa Group Co. Ltd. - Key offerings
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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