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Aluminum Market Share

Report ID: GMI4521
Published Date: Apr 2023
Report Format: PDF

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Aluminum Market Share

Hindalco
Norsk Hydro
Rio Tinto
Shandong Xinfa Aluminium Group
Rusal South 32
Emirates Global Aluminum
SPIC
Vedanta Limited
Alcoa Corporation
Hangzhou Century Aluminium
Arconic
JW Aluminium
Hongqiao Group
Logan Aluminium
Aleris Rolled Products
Novelis

are some major companies operating in the aluminum market. These industry players are focusing on strategies including mergers and acquisitions to solidify their presence in the global industry. For instance, in August 2022, Rio Tinto acquired Turquoise Hill to enhance its product portfolio and market position.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The market size of aluminum reached USD 169 billion in 2023 and is projected to witness 6.1% CAGR between 2024 and 2032, due to the high product consumption in food and pharma packaging applications.

The aluminum market from the flat products segment is set to register more than 6% CAGR through 2032, as a result of the increased preference for flat products in electric appliances and other sectors.

The North America aluminum industry is anticipated to record over 5.5% CAGR over 2023-2032, due to shifting consumer preference for green and modular designs for constructing homes and office spaces.

Hindalco, Norsk Hydro, Rio Tinto, Shandong Xinfa Aluminium Group, Rusal, South 32, Emirates Global Aluminum, SPIC, Vedanta Limited, Arconic, JW Aluminium, and Novelis are some major companies included in the aluminum market.