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金屬

市場調查報告書

商品編碼

1712528

全球鋁市場 - 2025-2032

Global Aluminum Market - 2025-2032

出版日期: 2025年04月22日 | 出版商:

DataM Intelligence | 英文 180 Pages | 商品交期: 最快1-2個工作天內

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簡介目錄

2024 年全球鋁市場規模達到 2,318.2 億美元，預計到 2032 年將達到 4,016 億美元，在 2025-2032 年預測期內的複合年成長率為 7.11%。

鋁是地殼中第二豐富的金屬元素，由於其重量輕、耐腐蝕和耐用的特性，已成為各行各業不可或缺的一部分。 2023年，全球原鋁產量預計為7,000萬噸，其中中國產量最高，為4,100萬噸，其次是印度、俄羅斯和加拿大。廣泛的生產凸顯了鋁在運輸、包裝、建築和電力傳輸等領域的關鍵作用。

由於鋁在多個行業的廣泛應用，其需求一直呈上升趨勢。值得注意的是，運輸業利用鋁製造汽車、飛機和船舶，而建築業則將鋁用於窗戶、門和牆板。此外，鋁的可回收性已成為該行業的重要組成部分，其來源包括汽車、家電和飲料罐，突顯了其對永續實踐的貢獻。

鋁市場趨勢

鋁市場的一個趨勢是越來越重視回收利用，這已成為該行業的關鍵方面。回收鋁僅需生產原鋁所需能源的5%左右，具有經濟和環境的優勢。這種向回收利用轉變的原因是金屬具有無限的可回收性，且不會損失任何特性，這符合全球永續發展目標並減少了該行業的碳足跡。

動力學

政府主導的基礎設施擴張加速鋁消費

政府支持的基礎設施投資正在推動鋁需求大幅成長。在美國，兩黨基礎設施法案為交通、能源和寬頻項目撥款超過 1.2 兆美元，其中許多項目需要大量鋁用於建築和電氣應用。同樣，到2025年，印度國家基礎設施管道預計投資將達到1.4兆美元，這將促進鋁在鐵路、電力傳輸和智慧城市等領域的使用。這些大規模舉措凸顯了鋁在現代化基礎建設中的關鍵作用。

能源密集冶煉製程導致高生產成本和排放

鋁冶煉過程能源消耗龐大，能源成本約佔總生產費用的三分之一。大量的能源消耗導致生產成本上升和溫室氣體排放增加。值得注意的是，該產業約佔全球溫室氣體排放量的 2%，相當於每年約 11 億噸二氧化碳。

Aluminum is the second most abundant metallic element in the Earth's crust and has become integral to various industries due to its lightweight, corrosion-resistant, and durable properties. In 2023, global primary aluminum production was estimated at 70 million tons, with China leading the output at 41 million tons, followed by India, Russia, and Canada. This widespread production underscores aluminum's critical role in sectors such as transportation, packaging, construction, and electrical transmission.

The demand for aluminum has seen a consistent upward trajectory, driven by its extensive application across multiple industries. Notably, the transportation sector utilizes aluminum for manufacturing automobiles, airplanes, and marine vessels, while the construction industry incorporates it into windows, doors, and siding. Additionally, aluminum's recyclability has become a significant component of the industry, with sources including automobiles, appliances, and beverage cans, highlighting its contribution to sustainable practices.

Aluminum Market Trend

A trend in the aluminum market is the increasing emphasis on recycling, which has become a crucial aspect of the industry. Recycling aluminum requires only about 5% of the energy needed to produce primary aluminum, making it both economically and environmentally advantageous. This shift towards recycling is driven by the metal's infinite recyclability without loss of properties, aligning with global sustainability goals and reducing the industry's carbon footprint.

Dynamics

Government-Led Infrastructure Expansion Accelerating Aluminum Consumption

Government-backed infrastructure investments are driving substantial growth in aluminum demand. In the US, the Bipartisan Infrastructure Law allocates over US$ 1.2 trillion toward transportation, energy, and broadband projects, many of which require large volumes of aluminum for construction and electrical applications. Similarly, India's National Infrastructure Pipeline involves an estimated investment of US$ 1.4 trillion through 2025, promoting aluminum use in sectors like railways, power transmission, and smart cities. These large-scale initiatives underscore aluminum's critical role in modern infrastructure development.

Energy-Intensive Smelting Process Contributing to High Production Costs and Emissions

The aluminum smelting process is highly energy-intensive, with energy costs comprising approximately one-third of total production expenses. This substantial energy consumption contributes to elevated production costs and significant greenhouse gas emissions. Notably, the industry accounts for about 2% of global greenhouse gas emissions, equating to roughly US$ 1.1 billion tons of CO2 annually.

Segment Analysis

The global aluminum market is segmented based on product, form, application, end-user and region.

Aluminum Alloys Fueling Growth in Automotive and Construction Sectors

Aluminum alloys are playing an increasingly critical role in the automotive industry, particularly in India. According to the Indian Ministry of Mines, the country produced over 4.1 million tons of primary aluminum in 2023, representing around 6% of the global output. A significant portion of this aluminum is used in the production of alloy wheels and lightweight vehicle components, aligned with the government's push for electric mobility and fuel efficiency standards under FAME II and BS-VI regulations.

In the construction sector, aluminum alloys are being widely adopted due to their high strength-to-weight ratio and corrosion resistance. The US Geological Survey reported that domestic primary aluminum production in the US was approximately 880,000 metric tons in 2023, with major use in building facades, window frames, and other structural components. This demand is supported by public infrastructure projects and energy-efficient building mandates at the federal and state levels.

Geographical Penetration

Rising Infrastructure and Industrialization Driving Aluminum Demand in Asia-Pacific

The Asia-Pacific region, particularly China, plays a pivotal role in the global aluminum market. In 2023, China's primary aluminum production reached a record 41.59 million metric tons, marking a 3.7% increase from the previous year. This growth, however, represents the third consecutive year of deceleration, influenced by factors such as power shortages in southwestern regions like Yunnan. These shortages were due to insufficient hydropower supply, leading to production constraints.

In India, government initiatives have significantly impacted aluminum demand, especially in the construction sector. The 2024-25 budget allocated US$ 32 billion for rural development, aiming to enhance infrastructure and housing in rural areas. This substantial investment is expected to boost demand for construction materials, including aluminum, as the country focuses on improving rural infrastructure.

Impact of US Tariffs

The imposition of US tariffs on aluminum imports has significantly influenced the global aluminum market, affecting trade flows, pricing, and production dynamics. In response to the 25% tariff imposed by the US on aluminum imports, key suppliers have redirected their exports to alternative markets. Canada, which accounted for approximately 85% of US aluminum imports in 2024, began channeling more aluminum to Europe to mitigate the impact of US tariffs.

The shift has led to increased aluminum supply in European markets, exerting downward pressure on prices there. Specifically, the Rotterdam P1020A duty-paid premium declined from US$ 370 per ton in early January to US$ 320-330 per ton, reflecting this increased supply. Domestically, the tariffs have contributed to a rise in US aluminum prices.

The Platts US Midwest Transaction premium, a benchmark for aluminum pricing, increased from 18.8 cents per pound at the end of 2024 to 23.8 cents per pound by mid-January 2025. This escalation reflects the market's anticipation of constrained supply due to the tariffs.

Competitive Landscape

The major global players in the market include United Company RUSAL, ALUMINUM CORPORATION OF CHINA LIMITED, Rio Tinto Group of Companies, Alcoa Corporation, Norsk Hydro ASA, Emirates Global Aluminium PJSC, Vedanta Limited, China Hongqiao Group Limited, Century Aluminum Company, and Kaiser Aluminum Corporation.

Key Developments

In November 2024, Kobe Steel announces the launch of Kobenable Aluminum, a low-CO2 aluminum product that contributes to reducing CO2 emissions from customers' products. In aluminum products, it is essential to reduce CO2 emissions in Scope 3, which constitutes a significant portion of the total emissions.
In March 2024, SiAT, a leading Taiwan manufacturer of advanced nanomaterials for batteries, is excited to announce a strategic partnership with Taiwan C.S. Aluminum Corporation (CSAC). This collaboration marks the introduction of carbon nanotube coated aluminum foil, designed to meet the growing demand for faster charging and extended lifespan in lithium-ion batteries, sodium batteries, and supercapacitors.

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Target Audience 2024

Manufacturers/ Buyers
Industry Investors/Investment Bankers
Research Professionals
Emerging Companies

1. Methodology and Scope

1.1. Research Methodology
1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

3.1. Snippet by Product
3.2. Snippet by Form
3.3. Snippet by Application
3.4. Snippet by End-User
3.5. Snippet by Region

4. Dynamics

4.1. Impacting Factors
- 4.1.1. Drivers
  - 4.1.1.1. Government-Led Infrastructure Expansion Accelerating Aluminum Consumption
- 4.1.2. Restraints
  - 4.1.2.1. Energy-Intensive Smelting Process Contributing to High Production Costs and Emissions
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis

5. Industry Analysis

5.1. Porter's Five Force Analysis
5.2. Supply Chain Analysis
5.3. Pricing Analysis
5.4. Regulatory Analysis
5.5. Impact of US Tariffs
5.6. Industry Trend Analysis
5.7. DMI Opinion

6. By Product

6.1. Introduction
- 6.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 6.1.2. Market Attractiveness Index, By Product
6.2. Pure Aluminum*
- 6.2.1. Introduction
- 6.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
6.3. Alloy Aluminum
- 6.3.1. Wrought Alloys
- 6.3.2. Cast Alloys

7. By Form

7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 7.1.2. Market Attractiveness Index, By Form
7.2. Powder*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3. Extrusions
7.4. Castings
7.5. Forgings
7.6. Others

8. By Application

8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 8.1.2. Market Attractiveness Index, By Application
8.2. Pigments*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3. Foils
8.4. Wires
8.5. Sheets and Plates
8.6. Rod and Bars
8.7. Others

9. By End-User

9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 9.1.2. Market Attractiveness Index, By End-User
9.2. Packaging*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
9.3. Automotive & Transportation
9.4. Building & Construction
9.5. Electrical & Electronics
9.6. Consumer Durables
9.7. Others

10. By Region

10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 10.1.2. Market Attractiveness Index, By Region
10.2. North America
- 10.2.1. Introduction
- 10.2.2. Key Region-Specific Dynamics
- 10.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 10.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 10.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.2.7.1. US
  - 10.2.7.2. Canada
  - 10.2.7.3. Mexico
10.3. Europe
- 10.3.1. Introduction
- 10.3.2. Key Region-Specific Dynamics
- 10.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 10.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 10.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.3.7.1. Germany
  - 10.3.7.2. UK
  - 10.3.7.3. France
  - 10.3.7.4. Italy
  - 10.3.7.5. Spain
  - 10.3.7.6. Rest of Europe
10.4. South America
- 10.4.1. Introduction
- 10.4.2. Key Region-Specific Dynamics
- 10.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 10.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 10.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.4.7.1. Brazil
  - 10.4.7.2. Argentina
  - 10.4.7.3. Rest of South America
10.5. Asia-Pacific
- 10.5.1. Introduction
- 10.5.2. Key Region-Specific Dynamics
- 10.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 10.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 10.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.5.7.1. China
  - 10.5.7.2. India
  - 10.5.7.3. Japan
  - 10.5.7.4. Australia
  - 10.5.7.5. Rest of Asia-Pacific
10.6. Middle East and Africa
- 10.6.1. Introduction
- 10.6.2. Key Region-Specific Dynamics
- 10.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 10.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 10.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User

11. Competitive Landscape

11.1. Competitive Scenario
11.2. Market Positioning/Share Analysis
11.3. Mergers and Acquisitions Analysis

12. Company Profiles

12.1. United Company RUSAL*
- 12.1.1. Company Overview
- 12.1.2. Product Portfolio and Description
- 12.1.3. Financial Overview
- 12.1.4. Key Developments
12.2. ALUMINUM CORPORATION OF CHINA LIMITED
12.3. Rio Tinto Group of Companies
12.4. Alcoa Corporation
12.5. Norsk Hydro ASA
12.6. Emirates Global Aluminium PJSC
12.7. Vedanta Limited
12.8. China Hongqiao Group Limited
12.9. Century Aluminum Company
12.10. Kaiser Aluminum Corporation

LIST NOT EXHAUSTIVE