Industry: Materials and Chemical | Publish Date: 13-Mar-2025 | No of Pages: 228 | No. of Tables: 186 | No. of Figures: 111 | Format: PDF | Report Code : MC1357
India Aluminium Market size was valued at USD 11.28 billion in 2023, and is predicted to reach USD 18.84 billion by 2030, at a CAGR of 7.6% 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 in India aluminium market growth.
India's extensive infrastructure development plans significantly drive in the India aluminium market demand. The construction of new airports, railways, highways, smart cities, and other projects requires aluminum due to its lightweight, durability, and resistance to corrosion.
According to the National Investment Production and Facilitation Agency, the Indian government plans to invest USD 1.4 trillion in infrastructure from 2019 to 2023 to support sustainable national development. Since 2019, numerous road projects, gas pipelines, and industrial developments have been initiated. This focus on improving both urban and rural infrastructure generates a strong demand for aluminum in India.
India’s focus on expanding and modernizing airport facilities is significantly increasing the demand for aluminum in the construction of airport terminals, hangars, and other related components. According to the India Brand Equity Foundation, investments ranging from USD 5.99 to 6.41 billion are anticipated for India’s airport infrastructure between FY18-23.
As India positions itself as the world’s third-largest domestic aviation market, with expectations to surpass the UK by 2024, the rising investment in airport infrastructure is expected to drive substantial growth in aluminum demand, benefiting both the construction and aluminum industries.
The aluminum industry faces significant challenges due to stringent environmental regulations and sustainability requirements. Compliance with emissions control, waste management, and energy efficiency targets often results in higher operational costs for producers.
Meeting these strict standards requires substantial investments in technologies and processes aimed at reducing the environmental impact of aluminum production. While these measures are crucial for fostering a greener industry, they also increase the complexity and cost of production, affecting the overall efficiency and profitability of aluminum manufacturing.
The increasing emphasis on sustainable packaging presents substantial growth for the India aluminium market opportunities. 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.
Several key players operating in the India aluminium industry include National Aluminium Company Limited, Bagaria Industrial Co, Vedanta Limited, Bharat Aluminium Company Ltd.,Sangam Aluminium Ltd, Marudhar Metals Ltd Sampat Aluminium, Hal-Alloys Pvt. Ltd, JM Industries, Superfine Extrusions Pvt. Ltd.,Hindalco Industries, Maharashtra Aluminium Extrusions, Alumco India Extrusions, Pennar Aluminium Co Ltd., Saraswati Extrusions Private Ltd, Gujarat Metal Processing, Master Alloys Ltd, Orissa Extrusions Ltd, Gal Aluminium Extrusions Pvt. Ltd., Jindal Aluminium Ltd, and others.
Primary
Secondary
Flat-Rolled
Castings
Extrusions
Forgings
Powder & Paste
Billets
Wire Rods
Other Types
1xxx Series
2xxx Series
3xxx Series
4xxx Series
5xxx Series
6xxx Series
7xxx Series
Transport
Aerospace
Automotive
Marine
Machinery & Equipment
Construction
Packaging
​​​​​​​Food & Beverage
Cosmetics
Others
Electrical Engineering
Others
Key Players
National Aluminium Company Limited
Bagaria Industrial Co
Vedanta Limited
Bharat Aluminium Company Ltd.
Sangam Aluminium Ltd
Marudhar Metals Ltd
Sampat Aluminium
Hal-Alloys Pvt. Ltd
JM Industries
Superfine Extrusions Pvt. Ltd.
Hindalco Industries
Maharashtra Aluminium Extrusions
Alumco India Extrusions
Pennar Aluminium Co Ltd.
Saraswati Extrusions Private Ltd
Gujarat Metal Processing
Master Alloys Ltd
Orissa Extrusions Ltd
Gal Aluminium Extrusions Pvt. Ltd.
Jindal Aluminium Ltd
Parameters |
Details |
Market Size in 2023 |
USD 11.28 Billion |
Revenue Forecast in 2030 |
USD 18.84 Billion |
Growth Rate |
CAGR of 7.6% 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 |
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. |