China Aluminium Market

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China Aluminium Market by Product Type (Flat-Rolled, Castings, Extrusions, Forgings, Powder & Paste, Other Types), by Type (Primary and Secondary), by End User Industry (Transport, Consumer Goods, Machinery & Equipment, Construction, Foil and Packaging, Electrical Engineering, Others) – Opportunity Analysis and Industry Forecast 2024–2030

Industry: Materials and Chemical | Publish Date: 01-Jun-2024 | No of Pages: 142 | No. of Tables: 108 | No. of Figures: 53 | Format: PDF | Report Code : N/A

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Market Definition

China Aluminium Market size was valued at USD 45.30 billion in 2023, and is predicted to reach USD 60.09 billion by 2030, with a CAGR of 3.4% from 2024 to 2030.

Aluminium is a lightweight and silvery-white metal that belongs to the group of chemical elements called post-transition metals. This metal is a group of chemical elements with properties similar to metals, but are less reactive and have lower melting and boiling points than transition metals.

Aluminium’s remarkable properties make it highly versatile and widely used across various industries, such as aerospace, automotive, construction, packaging, and electronics. One of the critical characteristics of Aluminium is its low density, which makes it lightweight compared to other metals, such as steel or copper. The lightweight nature of Aluminium allows the production of lightweight and efficient products.

This property is particularly advantageous in industries, including aerospace, automotive, and transportation, in which reducing weight can improve fuel efficiency, increase payload capacity, and enhance overall performance. Despite its lightweight nature, Aluminium possesses remarkable strength and durability, making it well-suited for various applications, including building facades and electrical wiring.

One of the key advantages of Aluminium is its high corrosion resistance, attributed to the formation of a thin oxide layer on its surface. This natural oxide layer acts as a protective barrier, shielding the metal from various environmental factors. It is important to note that this oxide layer remains intact even when Aluminium is used in various commodities, ensuring sustained corrosion protection and enhancing the longevity of Aluminium-based products.

Expanding Automotive Industry Drives the Aluminium Market Growth

The expanding automotive sector in China is a significant factor driving the aluminium market. Aluminium's lightweight properties make it ideal for vehicle manufacturing, resulting in increased demand for aluminium in car bodies, engine components, and structural parts.

According to the International Trade Administration, China’s domestic automotive production is expected to reach 35 million vehicles by 2025. As China continues to expand its automotive industry, the demand for Aluminium is projected to remain robust, further fueling the growth of the Aluminium market in the region.

 

Rising Adoption of Aluminium in Aircraft Manufacturing Boosts Aluminium Market Expansion 

The aluminium is widely utilized in aircraft manufacturing due to its favorable characteristics and application in various aircraft components such as frames, wings, fuselages, and interior parts. The expansion of the aviation sector in China generates significant demand for aluminium, presenting lucrative opportunities for aluminium suppliers and manufacturers to meet the industry's requirements and fuelling market growth. 

According to the International Trade Administration, The Civil Aviation Administration of China’s (CAAC) records show that China had 248 transport airports by the end of 2021, with seven new airports in operation Jinzhou Airport in Hubei, Jiujiang Airport in Jiangxi, Heze Airport in Shandong, Wuhu Airport in Anhui, Chengdu Tianfu Airport in Sichuan, Binzhou Airport in Hunan and Shaoguan Airport in Guangdong.

Environmental and Regulatory Constraints Hinders the Growth of the Aluminium Market

The aluminium industry is affected by environmental regulations and sustainability requirements such as emissions control, waste management, and energy efficiency targets, which can increase operational costs and pose challenges for some producers.

Compliance with stringent emissions standards, waste management regulations, and energy consumption targets can require significant investments and efforts to reduce the environmental impact of aluminium production.These sustainability measures aim to minimize emissions, promote responsible waste management, and encourage energy efficiency. While these regulations are essential to promote a greener and more sustainable industry, they can add to the overall costs and complexities of aluminium production.

 

The Increasing Adoption of Sustainable Packaging Presents a Significant Opportunity

The increasing emphasis on sustainable packaging is expected to create ample growth opportunities for the market in the future. Aluminium is well-suited for applications such as cans, bottles, and foils, benefiting from its recyclability and ability to maintain product quality and freshness. Eco-conscious consumers and brands seeking to minimize their environmental impact prefer aluminium as a preferred choice. By opting for aluminium packaging, they reduce waste and promote sustainability, aligning with their commitment to a greener future. This growing demand for sustainable packaging solutions drives the growth of the aluminium market.

 

Competitive Landscape

The China aluminium industry includes several market players such as Aluminium Corporation of China Limited (CHALCO), Hindalco Industries Ltd., Norsk Hydro ASA, China Hongqiao Group Limited, United Company RUSAL PLC, Rio Tinto, East Hope Group Company Limited, Xinfa Group Co., Ltd., Alcoa Corporation, and Arconic Inc., Emirates Global Aluminium PJSC, Vedanta Aluminium and Power, Ma’aden, South32, and Century Aluminium Company.

China Aluminium Market Key Segments

By Product Type        

  • Flat-Rolled

  • Castings

  • Extrusions

  • Forgings

  • Powder & Paste

  • Other Types

By Type    

  • Primary

  • Secondary

By End User Industry

  • Transport

  • Consumer Goods

  • Machinery & Equipment

  • Construction

  • Foil and Packaging

  • Electrical Engineering

  • Others

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Market Size in 2023

USD 45.30 Billion

Revenue Forecast in 2030

USD 60.09 Billion

Growth Rate

CAGR of 3.4% from 2024 to 2030

Analysis Period

2023–2030

Base Year Considered

2023

Forecast Period

2024–2030

Market Size Estimation

Billion (USD)

Growth Factors

  • The expanding automotive sector boosts the market growth.

  • The adoption of aluminium in aircraft manufacturing drives the market.

Companies Profiled

15

Market Share

Available for 10 companies

Customization Scope

Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs.

KEY PLAYERS

  • Aluminium Corporation of China Limited (CHALCO)

  • Hindalco Industries Ltd.

  • Norsk Hydro ASA

  • China Hongqiao Group Limited

  • United Company RUSAL PLC

  • Rio Tinto

  • East Hope Group Company Limited

  • Xinfa Group Co., Ltd.

  • Alcoa Corporation

  • Arconic Inc.

  • Emirates Global Aluminium PJSC

  • Vedanta Aluminium and Power

  • Ma’aden

  • South32

  • Century Aluminium Company

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Frequently Asked Questions

According to the report published by the Next Move Consulting, the China Aluminium Market business is expected to hit at $60.09 billion (USD) by 2030.

The China Aluminium Market industry includes several market players such as Aluminium Corporation of China Limited (CHALCO), Hindalco Industries Ltd., Norsk Hydro ASA, China Hongqiao Group Limited, United Company RUSAL PLC, Rio Tinto, East Hope Group Company Limited, Xinfa Group Co., Ltd., Alcoa Corporation, Arconic Inc., Emirates Global Aluminium PJSC, Vedanta Aluminium and Power, Ma’aden, South32, and Century Aluminium Company.

The China Aluminium Market share is segmented on the basis of product type, type, end user industry, and country.

The expansion of the China aluminium market is attributed to the expanding automotive sector and adoption of aluminium in aircraft manufacturing.

Environmental and regulatory constraints hinder the growth of the aluminium market.

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