The China aluminum market is set to rise with a CAGR of 5.38% across the forecasting years, reaching a revenue share of $92949.64 million by 2028. While the base year considered for the studied market is 2021, the forecast years are from 2022 to 2028.

The rapidly-developing construction, transportation, and machinery and equipment sector, as well as the surging adoption of electric vehicles, are among the key factors expected to augment the aluminum market growth in China during the forecast period.

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China is one of the largest consumers as well as producers of semi-finished aluminum products. Moreover, according to a report by CRU International Ltd, the majority of the country’s aluminum consumption in the year 2020 was attributed to the construction industry, followed by the transportation and machinery and equipment sector. The rapid adoption of electric vehicles in China is further expected to propel the demand for aluminum in the transportation sector. The country’s packaging sector is also projected to drive the market growth of aluminum, primarily on account of the transition to canned beers, away from glass.

On the other hand, renewable energy installations, particularly in distant regions, in addition to the implementations of subsequent power transmission projects, will likely augment the need for aluminum emerging from China’s electrical sector. Accordingly, the demand growth of the country is also expected to be propelled by notable investments in construction as well as infrastructure. As a result, these factors are set to contribute to the dynamic growth of the China aluminum market during the forecast period.

The China aluminum market is segmented into product type and end-user. The product type segment includes primary aluminum, alumina, bauxite, and other products (flat rolled and extrusions). Bauxite ore is processed chemically in order to acquire aluminum oxide or alumina through the use of the Bayer process. The alumina is further smelted by means of the Hall-Heroult electrolytic process for the manufacturing of pure aluminum metal. Alumina possesses different characteristics, such as high thermal conductivity, high stiffness and strength, excellent dielectric properties, wear resistance, and various other properties.

Other products included in the segment are flat rolled as well as extruded aluminum products. Aluminum is typically processed in rolled products like foils, sheets, plates, and others. While flat rolled products depend on alloying, pre-heating leveling, casting, and other preparatory steps, rolled aluminum is one of the most flexible products utilized in the packaging and transportation industries

Leading companies operating in the China aluminum market include China Hongqiao Group Limited, Hindalco Industries Ltd, UACJ Corporation, Aluminum Corporation of China Ltd (CHALCO), etc.

China Hongqiao Group Limited, headquartered in China, manufactures and sells aluminum products. Moreover, the company is committed to sustainable development as well as innovation. Its products include aluminum alloy ingots, busbars, aluminum alloy, and other alumina products.

In terms of aluminum deep processing, the company has introduced an advanced high-precision and high-automation rolling mill, thus enabling it to lead automatic control and manufacturing techniques across the globe.

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