Thailand Aluminium Market

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Thailand Aluminium Market by Product Type (Flat-Rolled, Castings, Extrusions, Forgings, Powder & Paste, and Other Types), By Type (Primary and Secondary), By End User Industry (Transport, Consumer Goods, Machinery & Equipment, Construction, Foil and Packaging, Electrical Engineering, Other End User Industries)–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

Thailand Aluminium Market size was valued at USD 5.80 billion in 2023, and is predicted to reach USD 12.19 billion by 2030, with a CAGR of 10.3% 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.

Growing Adoption of Aluminium in the Construction Sector Fuels Market Growth

The construction sector in Thailand experiences a significant demand for aluminium products due to rising urbanization and infrastructure development, leading to market expansion. In 2021, the construction sector contributed approximately USD 13,205 million to Thailand's GDP. This presents opportunities for aluminium suppliers and manufacturers to meet the sector's requirements and support the country's infrastructure development objectives.

 

Increasing Technological Advancements Drives Growth of Thailand's Aluminium Industry 

Technological advancements are propelling the growth of Thailand's aluminium industry, facilitating more efficient production processes and expanding application possibilities. As industries adopt advanced manufacturing techniques and innovative aluminium alloys, the demand for aluminium products across sectors such as automotive, construction, and electronics continues to rise.

Additionally, advancements in surface treatment technologies enhance the durability and aesthetic appeal of aluminium products, further fueling market expansion. Thailand's aluminium industry is thus leveraging technological progress to meet evolving market demands and remain competitive in the global arena.

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 Thailand aluminium industry includes several market players such as Aluminium Corporation of Thailand Limited (CHALCO), Hindalco Industries Ltd., Norsk Hydro ASA, Thailand 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.

Thailand 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 5.80 Billion

Revenue Forecast in 2030

USD 12.19 Billion

Growth Rate

CAGR of 10.3% from 2024 to 2030

Analysis Period

2023–2030

Base Year Considered

2023

Forecast Period

2024–2030

Market Size Estimation

Billion (USD)

Growth Factors

  • Growing adoption of aluminium in the construction sector fuels market growth.

  • The increasing technological advancements boosts the market growth.

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

Bar chart Pie chart Pie chart

Frequently Asked Questions

The top companies in Thailand aluminium industry includes Aluminium Corporation of China Limited (CHALCO), Hindalco Industries Ltd., China Hongqiao Group Limited, United Company RUSAL PLC., Rio Tinto, East Hope Group Company Limited, Xinfa Group Co., Ltd., Alcoa Corporation, Arconic Inc., Norsk Hydro ASA, and others.

According to the report published by Next Move Strategy Consulting, Thailand aluminium market is expected to hit USD 12.19 billion by 2030.

Raw materials supply chain poses challenges for the Thailand aluminium market.

According to the report published by Next Move Strategy Consulting, Thailand aluminium market was valued at USD 5.80 billion in 2023.

The integration of artificial intelligence to sort mixed aluminium alloy scrap is expected to create future opportunities for the market.

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