Market Research Future (MRFR) has published a cooked research report on the “Global Aluminum Market” that contains information from 2019 to 2035.

The Global Aluminum Market is estimated to register a CAGR of 5.31% during the forecast period of 2024 to 2035.

MRFR recognizes the following companies as the key players in the Global Aluminum Market— including Alcoa Corporation, China Hongqiao Group, Rio Tinto, UC Rusal, Norsk Hydro ASA, Chinalco, Vedanta Limited, Hindalco Industries, South32, National Aluminums Company Limited, And Others.

Market Highlights

The Global Aluminum Market is estimated to register a CAGR of 5.31% during the forecast period and is estimated to reach USD 345.02 Billion by 2035.

Urbanization and infrastructure development are among the most significant drivers of the global aluminum market, shaping its growth over the coming decades. Aluminum, due to its unique properties such as lightness, corrosion resistance, and versatility, has become a staple material in the construction sector. The demand for aluminum is closely tied to the continuous growth of urban areas and the increasing need for modern infrastructure. By 2025, the global urban population will be highly concentrated in certain regions, with North America and Latin America & the Caribbean leading the way, having urban population shares of 83% and 82%, respectively. 

Europe follows closely with 76%, while Oceania stands at 70%. On the other hand, Asia and Africa, while showing significant urbanization rates, still have much room for growth, with urban populations expected to reach 53% and 45%, respectively.Aluminum’s properties are particularly suited for the construction sector, where it is used extensively for external facades, roofs, walls, windows, doors, staircases, railings, and more. The material’s lightness allows for easier handling and transportation, while its corrosion resistance ensures longevity even in harsh environmental conditions. 

These characteristics make aluminum an ideal choice for building materials, contributing significantly to modern architecture. In fact, the material is integral to sectors like roofing, cladding, curtain walling, structural glazing, and prefabricated buildings. Other uses of aluminum include architectural hardware, HVAC systems, and even plant scaffolding, further cementing its role in diverse construction applications.The alloys most commonly used in construction are the 5000 and 6000 series. The 5000 series, composed of work-hardened magnesium alloys, offers durability and strength, making it ideal for structural components. 

The 6000 series, which is a heat-treatable magnesium-silicone alloy, is often used for extrusions that require complex shapes and higher precision. Both alloys provide various benefits, including high strength, low density, excellent thermal conductivity, and ease of forming and joining, making them versatile for different architectural needs. In particular, the 6063 alloy is widely used in fenestration due to its excellent extrudability, corrosion resistance, and surface finish.

Segment Analysis

The Global Aluminum Market has been segmented based on By Type, By Product Type, By Application.

Based on Type, the Global Aluminum Market is Segmented into: Primary, Secondary. The Primary segment dominated the market in 2024, while the Primary segment is projected to be the fastest-growing segment during the forecast period, 2025–2035.

Primary aluminum is produced from bauxite ore through a complex refining and smelting process. The production begins with the extraction of bauxite, which contains aluminum oxide (Al₂O₃). The ore undergoes the Bayer Process, where it is refined into alumina. This alumina is then subjected to the Hall-Héroult Process, an electrolytic reduction technique using carbon anodes to extract pure aluminum metal. The resulting aluminum has high purity levels, typically ranging from 99.5% to 99.9%, making it ideal for high-performance applications requiring superior mechanical properties and corrosion resistance.

Based on Application, the Global Aluminum Market is Segmented into: Flat Rolled, Castings, Extrusion, Rod & Bar, Forgings, and Others. The Flat Rolled segment dominated the market in 2024, while the Extrusion segment is projected to be the fastest-growing segment during the forecast period, 2025–2035.

Flat rolled aluminum refers to products such as sheets, plates, and foils, manufactured through a rolling process that reduces the thickness of aluminum while improving its mechanical properties. This segment plays a vital role in industries such as automotive, aerospace, packaging, and construction due to aluminum’s lightweight, corrosion resistance, and excellent formability. One of the largest applications of flat rolled aluminum is in the automotive sector, where it is used in body panels, hoods, roofs, and structural components to enhance fuel efficiency and meet stringent emission regulations. 

The aerospace industry also relies on flat rolled aluminum for aircraft fuselage, wings, and interior structures, benefiting from its high strength-to-weight ratio and durability. In the packaging industry, aluminum foil is widely used for food preservation, pharmaceutical blister packs, and beverage cans, as it provides an excellent barrier against moisture, light, and oxygen. Additionally, flat rolled aluminum is used in building facades, roofing, and insulation panels in the construction sector. The demand for flat rolled aluminum continues to rise due to advancements in automotive lightweighting, the growth of sustainable packaging, and increased infrastructure development.

Based on Application, the Global Aluminum Market is Segmented into: Building & Construction, Automotive & Transportation, Foil & Packaging, Power, Machinery & Equipment (Industrial), Consumer Goods, and Others. The Automotive & Transportation segment dominated the market in 2024, while the Automotive & Transportation segment is projected to be the fastest-growing segment during the forecast period, 2025–2035.

The automotive & transportation industry is a key driver of aluminum demand, leveraging its lightweight and high-strength properties to enhance fuel efficiency, safety, and vehicle performance. In automobiles, aluminum is used in body panels, chassis, engine blocks, transmission housing, and structural components, replacing heavier steel parts to meet strict emission regulations and improve mileage in internal combustion engine (ICE) vehicles. The growing popularity of electric vehicles (EVs) has further fueled demand for aluminum, as automakers seek lightweight battery enclosures, crash management systems, and heat exchangers to enhance range and energy efficiency.

Regional Analysis

Based on the region, the Global Citicoline Ingredients Market has been segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. Asia-Pacific accounted for the largest market share in 2024 and is anticipated to reach USD 123.70 Billion by 2035 and projected to grow at the highest CAGR of 5.90% during the forecast period.

The dominance of Asia-Pacific can be attributed to rising healthcare expenditure, increasing awareness of neurological health, and the growing demand for dietary supplements and functional foods across countries such as China, India, Japan, and South Korea. Rapid urbanization and lifestyle changes are also contributing to the rising consumption of citicoline-based products, especially in the nutraceutical and pharmaceutical industries.

North America is another significant market for citicoline ingredients, driven by the strong presence of leading pharmaceutical companies, advanced healthcare infrastructure, and a high adoption rate of dietary supplements. Increasing cases of neurological disorders, such as Alzheimer’s disease, dementia, and stroke, are further fueling market demand.

Europe also holds a considerable share, supported by the growing geriatric population and government initiatives promoting cognitive health and preventive healthcare. Meanwhile, Latin America and the Middle East & Africa are emerging regions, expected to witness steady growth due to improving healthcare facilities and rising consumer awareness.

Overall, the Asia-Pacific region is projected to be the fastest-growing and most lucrative market, while North America and Europe will continue to contribute significantly, ensuring consistent global market expansion.

Key Findings of the Study

• The Global Aluminum Market is expected to reach USD 345.02 Billion by 2035, at a CAGR of 5.31% during the forecast period.


• The Asia Pacific region accounted for the fastest growth in the global market.


• Based on By Application, the Automotive & Transportation segment was attributed to holding the largest market in 2024.


• Alcoa Corporation, China Hongqiao Group, Rio Tinto, UC Rusal, Norsk Hydro ASA, Chinalco, Vedanta Limited, Hindalco Industries, South32, National Aluminums Company Limited, And Others are the key market players.