Aluminum Market Revenue to Attain USD 347.29 Bn by 2035

Published: 13 Feb 2026

Author: Precedence Research

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Aluminum Market Revenue and Trends 2026 to 2035

The aluminum market size was estimated at USD 190.98 billion in 2025 and is predicted to increase from USD 203.02 billion in 2026 to approximately USD 347.29 billion by 2035, expanding at a CAGR of 6.16% from 2026 to 2035. The aluminum market is driven by demand for lightweight, sustainable materials in EVs, renewable energy, and construction.

What are the Driving Factors of the Aluminum Market?

The transition to electric vehicles requires lightweight materials like aluminum to extend battery range and efficiency, significantly driving up demand. Surging demand for lightweight materials in the automotive and aerospace industries. Growing shift toward electric vehicles (EVs) and energy-efficient transportation. Expansion in construction and infrastructure projects in the Asia Pacific and the Middle East.

The market is heavily influenced by the shift toward low-carbon, sustainable, and recycled aluminum to meet environmental regulations, alongside supply constraints caused by high energy costs. Rapid infrastructure expansion, especially in the Asia-Pacific region, along with increased recycling, supports green goals, making it essential for eco-friendly, energy-efficient, and durable industrial applications.

Segment Analysis

• By Series: by series, the series 1 segment dominated the aluminum market in 2025, due to its high purity (typically 99% or more aluminum), excellent corrosion resistance, and superior thermal and electrical conductivity. These properties make it ideal for electrical applications such as wires, cables, and busbars, as well as for packaging products like beverage cans and foil, which continue to see strong global demand.
• By type: by type, the secondary aluminum segment dominated the market. This is because secondary aluminum is produced from recycled scrap, making it significantly more cost-effective and energy-efficient than primary aluminum, which requires processing from bauxite.
• The primary aluminum segment is the fastest-growing in the aluminum market, despite secondary aluminum dominating the overall volume. Infrastructure projects and automotive lightweighting also boost primary aluminum use.
• By Processing Method: By processing method, the extrusion segment dominated the market, because extruded aluminum offers high versatility, strength, and lightweight properties, making it ideal for construction, automotive, and industrial applications.
• The flat-rolled segment was the fastest-growing in the market, driven by increasing demand in automotive, packaging, and construction sectors, where flat-rolled products are used for sheets, foils, and panels.
• By End-use Industry: By end-use industry, the automotive and transportation segment dominated the market, because the industry increasingly uses aluminum for lightweighting vehicles, which improves fuel efficiency and reduces emissions. The packaging segment was the fastest-growing in the market, driven by rising demand for eco-friendly and lightweight packaging in the food, beverage, and pharmaceutical industries. Aluminum's recyclability and barrier properties make it ideal for sustainable packaging solutions.

Region Insights

The Asia-Pacific region dominates the global aluminum market, driven by massive urbanisation, infrastructure growth, and automotive demand. China is the leading country; it also stands out as both the largest producer and consumer, driven by aggressive industrial growth and urbanisation.

North America remains the fastest-growing region for aluminum because of strong demand from the automotive, aerospace, and construction industries. Increased focus on sustainability, high-strength aluminum alloys, and increased use of scrap for producing secondary aluminum. The United States and Canada are experiencing an increase in the use of aluminum in electric and lightweight vehicles.

Aluminum Market Coverage

Recent Development

• In July 2025, Capral, Rio Tinto, and Sims Metal announced their closed-loop aluminium recycling initiative in Australia. This collaboration aims to provide a fully local, sustainable solution for the Australian manufacturing sector. This initiative seeks to lower carbon intensity, enhance resource efficiency, and support the circular economy, aligning with the "Made in Australia" approach.

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