Africa Aluminium Market

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

Industry: Materials and Chemical | Publish Date: 01-Oct-2024 | No of Pages: 111 | No. of Tables: 78 | No. of Figures: 43 | Format: PDF | Report Code : MC1366

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Africa Aluminium Market Overview

Africa Aluminium Market size was valued at USD 3.59 billion in 2023, and is predicted to reach USD 6.53 billion by 2030, at a CAGR of 8.9% from 2024 to 2030.  The aluminum market involves the sector engaged in the production, distribution, and application of aluminum, a lightweight and silvery-white metal. Aluminum constitutes about 8% of the Earth's crust and is known for its low density, high strength, and natural corrosion resistance due to an oxide layer. These attributes make aluminum valuable for aerospace, automotive, construction, packaging, and electronics industries. Its lightweight nature improves efficiency, especially in transportation. The production of aluminum involves processing bauxite ore using the Bayer process and electrolysis. Improvements in technology and recycling have enhanced production sustainability, supporting industry growth and reducing environmental impact.

Growing Initiatives and Advancements in the Aluminum Industry Boosts Market Growth

The aluminum market is experiencing growth due to various regional initiatives that promote and support advancements within the industry. For example, in December 2022, Gravita India Limited's subsidiary, Gravita Togo SAU, based in Togo, West Africa, began commercial production of aluminum cast-alloys. This new recycling plant, which has an initial annual capacity of approximately 4,000 MTPA in its first phase, reflects the significant efforts by key players to enhance industry capabilities. Such initiatives are expected to drive further growth in the aluminum market.

 

Emerging Aluminum Production is Driving the Growth of the Market

The aluminum market in the region is experiencing growth due to rising aluminum production. Leveraging its rich natural resources, this region has made significant strides in developing its aluminum industry, that is contributing to market expansion. Countries such as Guinea, that holds one of the world's largest bauxite reserves, and South Africa, with its well-established mining infrastructure. The focus on developing local aluminum industries is not only reducing Africa's reliance on imported aluminum products but also fostering economic development within the region. By improving production infrastructure and investing in technology, African countries are enhancing their ability to produce high-quality aluminum products. This growth aligns with broader economic goals and supports the development of key sectors such as construction, transportation, and energy, all of which rely heavily on aluminum.

 

Environmental and Regulatory Constraints Hinders the Growth of Aluminium Market

The aluminum industry encounters significant challenges stemming from strict environmental regulations and sustainability requirements. Compliance with emissions control, waste management, and energy efficiency targets often leads to increased operational costs for producers. Adhering to these rigorous standards demands substantial investments in technologies and processes designed to minimize the environmental impact of aluminum production. Although these measures are essential for promoting a greener industry, they also add complexity and raise production costs, ultimately impacting the efficiency and profitability of aluminum manufacturing.

Sustainable Packaging Creates Ample Future Opportunities

The increasing emphasis on sustainable packaging presents substantial growth opportunities for the aluminum market. Aluminum is highly valued for packaging applications such as cans, bottles, and foils due to its recyclability and effectiveness in preserving product quality and freshness. As eco-conscious consumers and brands strive to minimize their environmental impact, they are increasingly opting for aluminum as their preferred packaging material. This choice helps reduce waste and supports sustainability goals, contributing to the growth of the aluminum market.

 

Competitive Landscape  

Several market players operating in the Africa aluminium industry are Rio Tinto, Hulamin GmbH, Guinea Aluminium Corporation, BHP Group Limited, United Company RUSAL Plc., South32, Ghana Bauxite Company, Aluminium Industries Ltd (ALIND), Nigeria Aluminium Extrusions (NIGALEX), Egyptalum, and others.

Africa 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 & Packaging

  • Electrical Engineering

  • Others

KEY PLAYERS

  • Rio Tinto

  • Hulamin GmbH

  • Guinea Aluminium Corporation

  • BHP Group Limited

  • United Company RUSAL Plc.

  • South32

  • Ghana Bauxite Company

  • Aluminium Industries Ltd (ALIND)

  • Nigeria Aluminium Extrusions (NIGALEX)

  • Egyptalum

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Market Size in 2023

USD 3.59 Billion

Revenue Forecast in 2030

USD 6.53 Billion

Growth Rate

CAGR of 8.9% 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 initiative and advancement in aluminium industry drivees the growth of the market.

  • The emerging aluminium production further fuels the growth of the market.

Companies Profiled

10

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.

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Frequently Asked Questions

According to the report published by the Next Move Consulting, the Africa Aluminium Market business is expected to hit at $6.85 billion (USD) by 2030.

The Africa Aluminium Market industry includes several market players such as Rio Tinto, Hulamin GmbH, Guinea Aluminium Corporation, BHP Group Limited, United Company RUSAL Plc., South32, Ghana Bauxite Company, Aluminium Industries Ltd (ALIND), Nigeria Aluminium Extrusions (NIGALEX), Egyptalum.

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

Africa's aluminium market growth is driven by its growing initiatives and natural resource abundance.

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

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