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 : MC1346
Germany Aluminium Market size was valued at USD 12.30 billion in 2023, and is predicted to reach USD 13.08 billion by 2030, at a CAGR of 0.9% from 2024 to 2030. The aluminum market includes the industry involved in the production, distribution, and use of aluminum, a lightweight, 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 features make it highly useful in sectors such as aerospace, automotive, construction, packaging, and electronics. Its low weight is especially beneficial for improving efficiency in transportation. The production process involves extracting aluminum from bauxite ore using the Bayer process and electrolysis. Advances in technology and recycling have improved the environmental sustainability of production, supporting industry growth.
The machinery and equipment manufacturing sector is a key driver of aluminum demand in Germany, as the industry relies on aluminum for various applications. The Germany aluminium market demand is further amplified by technological advancements, automation, and the need for lightweight yet durable machinery. In 2022, Germany emerged as the leading importer of aluminum in Europe, with a record volume of 45 million metric tonnes, surpassing all other countries. This high demand for aluminum in the manufacturing sector is significantly accelerating the growth of the aluminum market in Germany.
The expansion of the automotive industry is a significant driver of the aluminum market in Germany. As the automotive sector grows, there is a rising need for aluminum due to its lightweight and durable qualities, which enhance fuel efficiency and vehicle performance. Leading German automotive manufacturers, such as Volkswagen, BMW, Mercedes-Benz, and Audi, are increasingly incorporating aluminum in their vehicles to reduce weight while ensuring safety and structural integrity. This trend is further supported by the industry's focus on meeting stringent emissions regulations and improving energy efficiency. As a result, the continued growth in vehicle production and sales drives an increased demand for aluminum, thereby boosting the aluminum market in Germany.
The aluminum industry is challenged by environmental regulations and sustainability requirements, including emissions control, waste management, and energy efficiency targets that increases operational costs for some producers. Meeting strict emissions standards, adhering to waste management rules, and achieving energy consumption goals often require significant investments and efforts to reduce the environmental impact of aluminum production. These sustainability measures, while crucial for creating a greener and more sustainable industry, also add to the overall costs and complexities of aluminum production.
The growing focus on sustainable packaging is expected to provide significant growth for the Germany aluminium market opportunities in the future. Aluminium is ideal for packaging applications such as cans, bottles, and foils due to its recyclability and ability to preserve product quality and freshness.
Eco-conscious consumers and brands looking to reduce their environmental impact increasingly choose aluminium as a preferred packaging material. By selecting aluminium, they help reduce waste and support sustainability, aligning with their commitment to a greener future. This rising demand for sustainable packaging solutions is a key driver in the Germany aluminium market growth.
Several key players operating in Germany aluminium industry include Norsk Hydro ASA, Novelis, Trimet Aluminium SE, Aluminium Rheinfelden GmbH, KSM Castings Group GmbH, Almatis GmbH, Erbslöh Aluminium GmbH, Constellium Germany GmbH, OTTO FUCHS Kommanditgesellschaft, Step-G (ST Extruded Products Group), and others.
Flat-Rolled
Castings
Extrusions
Forgings
Powder & Paste
Other Types
Primary
Secondary
Transport
Consumer Goods
Machinery & Equipment
Construction
Foil & Packaging
Electrical Engineering
Others
Norsk Hydro ASA
Novelis
Trimet Aluminium SE
Aluminium Rheinfelden GmbH
KSM Castings Group GmbH
Almatis GmbH
Erbsloh Aluminium GmbH
Constellium Germany GmbH
OTTO FUCHS Kommanditgesellschaft
Step-G (ST Extruded Products Group)
REPORT SCOPE AND SEGMENTATION:
Parameters |
Details |
Market Size in 2023 |
USD 12.30 Billion |
Revenue Forecast in 2030 |
USD 13.08 Billion |
Growth Rate |
CAGR of 0.9% from 2024 to 2030 |
Analysis Period |
2023–2030 |
Base Year Considered |
2023 |
Forecast Period |
2024–2030 |
Market Size Estimation |
Billion (USD) |
Growth Factors |
|
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. |