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.

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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.

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