France Aluminium Market

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France 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

France Aluminium Market size was valued at USD 4.11 billion in 2023, and is predicted to reach USD 6.17 billion by 2030, with a CAGR of 5.3% from 2024 to 2030.

Aluminum 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.

Aluminum’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 aluminum is its low density, which makes it lightweight compared to other metals, such as steel or copper. The lightweight nature of aluminum 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, aluminum possesses remarkable strength and durability, making it well-suited for various applications, including building facades and electrical wiring.

One of the key advantages of aluminum 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 aluminum is used in various commodities, ensuring sustained corrosion protection and enhancing the longevity of aluminum-based products.

The Growing Demand for Automobiles Drives the Aluminium Market Growth

As the demand for automobiles increases in France, there is a greater need for lightweight and durable materials, and aluminium has become a preferred choice in the automotive sector. In 2021, France reported around 1.66 million new passenger cars and 483,279 commercial vehicle sales, respective increases of 0.5 and 7.42 percent year-over-year, still below the country’s 2019 sales volume. Aluminium is used for manufacturing components such as body panels, engine parts, and structural elements in vehicles. The automotive industry's reliance on aluminium contributes to the growth of the aluminium market in France.

 

Rising Focus on Renewable Energy Sources Boosts Aluminium Market Expansion 

The active promotion of renewable energy sources in France, such as wind, solar, and hydroelectric power, is driving the aluminium market in the country. The government's policies and incentives supporting the growth of the renewable energy sector have attracted increased investments and job creation.

According to the International Trade Administration, renewable energies have experienced steady growth in France, accounting for 11.7% of primary energy consumption and 25.3% of gross final energy consumption in 2019. The French government has significantly increased its support for renewable energies, committing to USD 7.06 billion in 2021. Aluminium is vital in renewable energy infrastructure, providing lightweight, durable, and corrosion-resistant materials for wind turbines, solar panels, and hydroelectric power systems.

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 France 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.

France 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 4.11 Billion

Revenue Forecast in 2030

USD 6.17 Billion

Growth Rate

CAGR of 5.3% from 2024 to 2030

Analysis Period

2023–2030

Base Year Considered

2023

Forecast Period

2024–2030

Market Size Estimation

Billion (USD)

Growth Factors

  • The growing demand for automobiles boosts the market growth.

  • Rising focus on renewable energy sources 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 France Aluminium Market business is expected to hit at $6.17 billion (USD) by 2030.

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

The expansion of the France aluminium market is attributed to the growing demand for automobiles and active promotion of renewable energy sources.

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

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