The Asia-Pacific aluminum market is anticipated to grow with a CAGR of 5.12% during the forecast period of 2022 to 2030, capturing a revenue share of $145270.70 million by 2030.

ASIA-PACIFIC ALUMINUM MARKET FORECAST 2022-2030

Asia-Pacific Aluminum Market by Product Type (Primary Aluminum, Alumina, Bauxite, Other Products) Market by End-user (Building and Construction, Automotive & Transportation, Electronics, Foil & Packaging, Other End-users) by Geography

Request free sample

The Asia-Pacific aluminum market is anticipated to grow with a CAGR of 5.12% during the forecast period of 2022 to 2030, capturing a revenue share of $145270.70 million by 2030.

Some of the top drivers proliferating the growth of the market include the rising preference towards hybrid-electric and battery-electric vehicles, as well as increasing investments in construction activities and developing infrastructure. However, the Asia-Pacific aluminum market growth may be restrained by the surging prices of aluminum.

Asia-Pacific Aluminum Market

To know more about this report, request a free sample copy

The Asia-Pacific aluminum market growth study covers a detailed analysis of China, Japan, India, South Korea, Taiwan, Thailand, Australia & New Zealand, and Rest of Asia-Pacific. As one of the largest economies globally, Japan is a notable market for high-rise buildings as well as skyscrapers. Moreover, with the increasing investments in public and private commercial and infrastructural projects, the construction industry is anticipated to grow at a significant rate. Likewise, innovations and interlinking with IoT, in addition to other advanced technologies, are set to propel the automotive industry, thereby augmenting the demand for aluminum during the forecast period.

On the other hand, government initiatives in India are expected to strengthen the aluminum market’s growth over the upcoming years. For example, under the ‘Make in India’ initiative, the country’s government identified 25 sectors, including automotive, manufacturing, power, defense, and others, with extensive applications of various non-ferrous metals. This factor, therefore, is expected to bolster the demand for aluminum in India. Similar initiatives like Pradhan Mantri Awas Yojna, Smart Cities, and others are also anticipated to raise the need for aluminum, particularly in the building and construction sector. Hence, these factors are expected to provide the aluminum market in the Asia-Pacific with significant growth opportunities during the forecast period.

The Asia-Pacific aluminum market is segmented into product type and end-user. The end-user segment includes building and construction, automotive & transportation, electronics, foil & packaging, and other end-users. Aluminum is a primary production material, predominately in the automotive and transportation industry. Aligning with this, the metal is utilized in the manufacturing of trains, cars, aircraft, ships, and others. The properties of aluminum, including strength as well as ease of welding, also play an essential role in the transportation and automotive industry.

Conversely, in modern aircraft systems, aluminum is used in wing panes, trims and in the rudder, doors and floors, tie-down systems, exhaust pipes, refueling hoses, frames of the pilot and passenger seats, ball bearings, hydraulic systems, engine turbines, and several others.

Some of the main companies operating in the Asia-Pacific aluminum market are Aluminum Corporation of China Limited (CHINALCO), East Hope Group, China Hongqiao Group Limited, etc.

Emirates Global Aluminum PJSC, headquartered in the United Arab Emirates, is a major primary aluminum manufacturer with a product range that includes around 330 individual products made as per customer specifications. The company operates a bauxite mine, in addition to accompanying export facilities in the Republic of Guinea, and aluminum smelters in Abu Dhabi and Dubai, among others. Moreover, its geographical presence spans Asia, Europe, the Middle East, and other regions.

The company’s re-melt foundry products are utilized in the production of suspension parts, sub-frames, wheel rims, engine blocks, engine cradles, and cylinder heads, among other applications.

Report Synopsis

Report Scope

Details
Market Forecast Years2022-2030
Base Year2021
Market Historical Years2018-2021
Forecast UnitsRevenue ($ Million)
Segments AnalyzedProduct Type and End-User
Countries AnalyzedChina, Japan, India, South Korea, Taiwan, Thailand, Australia & New Zealand, Rest of Asia-Pacific
Companies Analyzed

Rio Tinto, Aluminum Corporation of China Ltd (CHALCO), United Company Rusal Plc, Alcoa Corporation, Norsk Hydro ASA, Emirates Global Aluminum PJSC, Novelis Inc., Aluminum Bahrain BSC (ALBA), China Hongqiao Group Limited, Century Aluminum Company, UACJ Corporation, Constellium SE, China Zhongwang Holdings Limited, Hindalco Industries Ltd, Reliance Steel & Aluminum Co

To request a free sample copy of this report, please complete the form below:

We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.

    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • KEY DRIVERS
        • GROWING DEMAND FROM END-USERS
        • RISING SUBSTITUTION OF STAINLESS STEEL WITH ALUMINUM BY AUTOMOTIVE MANUFACTURERS
        • INCREASE IN ELECTRIC VEHICLES PRODUCTION
      • KEY RESTRAINTS
        • STRINGENT ENVIRONMENTAL REGULATIONS
        • RISING PRICES OF ALUMINUM
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON ALUMINUM MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
      • VALUE CHAIN ANALYSIS
        • RAW MATERIAL PROCUREMENT
        • ALUMINUM PRODUCTION
        • END-USER
      • KEY BUYING CRITERIA
        • STRENGTH
        • RECYCLABILITY
        • CORROSION RESISTANCE
    1. MARKET BY PRODUCT TYPE
      • PRIMARY ALUMINUM
      • ALUMINA
      • BAUXITE
      • OTHER PRODUCTS (FLAT ROLLED AND EXTRUSIONS)
    2. MARKET BY END-USER
      • BUILDING AND CONSTRUCTION
      • AUTOMOTIVE & TRANSPORTATION
      • ELECTRONICS
      • FOIL & PACKAGING
      • OTHER END-USERS
    3. GEOGRAPHICAL ANALYSIS
      • ASIA-PACIFIC
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • CHINA
          • JAPAN
          • INDIA
          • SOUTH KOREA
          • TAIWAN
          • THAILAND
          • AUSTRALIA & NEW ZEALAND
          • REST OF ASIA-PACIFIC
    1. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS & AGREEMENTS
        • BUSINESS EXPANSIONS & DIVESTITURES
      • COMPANY PROFILES
        • ALCOA CORPORATION
        • ALUMINUM BAHRAIN BSC (ALBA)
        • ALUMINUM CORPORATION OF CHINA LTD (CHALCO)
        • CENTURY ALUMINUM COMPANY
        • CHINA HONGQIAO GROUP LIMITED
        • CHINA ZHONGWANG HOLDINGS LIMTED
        • CONSTELLIUM SE
        • EMIRATES GLOBAL ALUMINUM PJSC
        • HINDALCO INDUSTRIES LTD
        • NORSK HYDRO ASA
        • NOVELIS INC
        • RELIANCE STEEL & ALUMINUM CO
        • RIO TINTO
        • UACJ CORPORATION
        • UNITED COMPANY RUSAL PLC

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – ALUMINUM MARKET

    TABLE 2: REGULATORY FRAMEWORK

    TABLE 3: ASIA-PACIFIC ALUMINUM MARKET, BY PRODUCT TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 4: ASIA-PACIFIC ALUMINUM MARKET, BY PRODUCT TYPE, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 5: ASIA-PACIFIC ALUMINUM MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 6: ASIA-PACIFIC ALUMINUM MARKET, BY END-USER, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 7: ASIA-PACIFIC ALUMINUM MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 8: ASIA-PACIFIC ALUMINUM MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 9: LEADING PLAYERS OPERATING IN ASIA-PACIFIC ALUMINUM MARKET

    TABLE 10: LIST OF MERGERS & ACQUISITIONS

    TABLE 11: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 12: LIST OF PARTNERSHIPS & AGREEMENTS

    TABLE 13: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

    LIST OF FIGURES

    FIGURE 1: KEY MARKET TRENDS

    FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 3: OPPORTUNITY MATRIX

    FIGURE 4: VENDOR LANDSCAPE

    FIGURE 5: VALUE CHAIN ANALYSIS

    FIGURE 6: KEY BUYING CRITERIA

    FIGURE 7: ASIA-PACIFIC ALUMINUM MARKET, GROWTH POTENTIAL, BY PRODUCT TYPE, IN 2021

    FIGURE 8: ASIA-PACIFIC ALUMINUM MARKET, BY PRIMARY ALUMINUM, 2022-2030 (IN $ MILLION)

    FIGURE 9: ASIA-PACIFIC ALUMINUM MARKET, BY ALUMINA, 2022-2030 (IN $ MILLION)

    FIGURE 10: ASIA-PACIFIC ALUMINUM MARKET, BY BAUXITE, 2022-2030 (IN $ MILLION)

    FIGURE 11: ASIA-PACIFIC ALUMINUM MARKET, BY OTHER PRODUCTS (FLAT ROLLED AND EXTRUSIONS), 2022-2030 (IN $ MILLION)

    FIGURE 12: ASIA-PACIFIC ALUMINUM MARKET, GROWTH POTENTIAL, BY END-USER, IN 2021

    FIGURE 13: ASIA-PACIFIC ALUMINUM MARKET, BY BUILDING AND CONSTRUCTION, 2022-2030 (IN $ MILLION)

    FIGURE 14: ASIA-PACIFIC ALUMINUM MARKET, BY AUTOMOTIVE & TRANSPORTATION, 2022-2030 (IN $ MILLION)

    FIGURE 15: ASIA-PACIFIC ALUMINUM MARKET, BY ELECTRONICS, 2022-2030 (IN $ MILLION)

    FIGURE 16: ASIA-PACIFIC ALUMINUM MARKET, BY FOIL & PACKAGING, 2022-2030 (IN $ MILLION)

    FIGURE 17: ASIA-PACIFIC ALUMINUM MARKET, BY OTHER END-USERS, 2022-2030 (IN $ MILLION)

    FIGURE 18: ASIA-PACIFIC ALUMINUM MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)

    FIGURE 19: CHINA ALUMINUM MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 20: JAPAN ALUMINUM MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 21: INDIA ALUMINUM MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 22: SOUTH KOREA ALUMINUM MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 23: TAIWAN ALUMINUM MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 24: THAILAND ALUMINUM MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 25: AUSTRALIA & NEW ZEALAND ALUMINUM MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 26: REST OF ASIA-PACIFIC ALUMINUM MARKET, 2022-2030 (IN $ MILLION)       

    1. GEOGRAPHICAL ANALYSIS
      • ASIA-PACIFIC
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • CHINA
          • JAPAN
          • INDIA
          • SOUTH KOREA
          • TAIWAN
          • THAILAND
          • AUSTRALIA & NEW ZEALAND
          • REST OF ASIA-PACIFIC
    1. MARKET BY PRODUCT TYPE
      • PRIMARY ALUMINUM
      • ALUMINA
      • BAUXITE
      • OTHER PRODUCTS (FLAT ROLLED AND EXTRUSIONS)
    2. MARKET BY END-USER
      • BUILDING AND CONSTRUCTION
      • AUTOMOTIVE & TRANSPORTATION
      • ELECTRONICS
      • FOIL & PACKAGING
      • OTHER END-USERS

    To request a free sample copy of this report, please complete the form below :

    We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.

      Choose License Type