Italy Aluminium Market

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Italy 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) – 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 : MC1347

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Italy Aluminium Market Overview

Italy Aluminium Market size was valued at USD 5.92 billion in 2023, and is predicted to reach USD 8.07 billion by 2030, at a CAGR of 4.5% 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.

Rising Automotive Demand Drives Aluminum Market Growth 

The rising Italy aluminium market demand in the automotive sector is a significant driver of the aluminum market growth in Italy. As Italy's automotive industry continues to grow, there is an increasing need for aluminum because of its lightweight and durable qualities that enhance vehicle performance and fuel efficiency.

Major Italian manufacturers such as Fiat, Ferrari, Lamborghini, and Maserati, are increasingly using aluminum to improve vehicle design, reduce weight, and meet stringent emissions standards. This heightened demand for aluminum in vehicle production is contributing to the overall expansion of the aluminum market in Italy. 

 

Growth in Renewable Energy Sector Boosts Aluminum Market in Italy

Italy's commitment to renewable energy sources, including wind, solar, and hydroelectric power, is significantly boosting the aluminum market. The country is investing in infrastructure projects such as wind farms, solar parks, and hydroelectric plants. For example, Enel Green Power is developing the Malvezzi solar farm in Poggio Renatico, Emilia Romagna. This large-scale solar PV farm, spanning 22 hectares with a capacity of approximately 17 MWp, is part of Italy’s National Resilience and Recovery Plan, which allocates USD 617 million to support renewable energy from 2021 to 2026. The expansion of renewable energy technologies is increasing the demand for aluminum in Italy, driven by the need for durable and efficient materials in these projects.

 

Environmental and Regulatory Constraints Hinders the Growth of Aluminium Market

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.

Sustainable Packaging Creates Ample Future Opportunities

The increasing emphasis on sustainable packaging presents substantial growth for the Italy aluminium market opportunities. Aluminum is well-suited for packaging applications such as cans, bottles, and foils because of its recyclability and effectiveness in preserving product quality and freshness. 

As eco-conscious consumers and brands seek to minimize their environmental impact, they are increasingly selecting aluminum as their preferred packaging material. This choice helps reduce waste and supports sustainability, aligning with broader environmental goals. The growing demand for eco-friendly packaging solutions is a major driver in the Italy aluminium market growth.

 

Competitive Landscape  

Several key players operating in Italy aluminium industry include Norsk Hydro ASA, Novelis, Laminazione Sottile S.p.A., Aluminium Solution Group, METRA S.p.A., Profilglass S.p.A., Alumil Italia, Italcoat Srl, Cometal Engineering S.p.A., Raffmetal S.p.A., and others.

Italy 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

  • Norsk Hydro ASA

  • Novelis

  • Laminazione Sottile S.p.A.

  • Aluminium Solution Group

  • METRA S.p.A.

  • Profilglass S.p.A.

  • Alumil Italia

  • Italcoat Srl

  • Cometal Engineering S.p.A.

  • Raffmetal S.p.A.

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Market Size in 2023

USD 5.92 Billion

Revenue Forecast in 2030

USD 8.07 Billion

Growth Rate

CAGR of 4.5% from 2024 to 2030

Analysis Period

2023–2030

Base Year Considered

2023

Forecast Period

2024–2030

Market Size Estimation

Billion (USD)

Growth Factors

  • The rising automotive industry drives the growth of the market.

  • The growth of renewable energy sector 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 Next Move Strategy Consulting, Italy aluminium industry size reached USD 5.92 billion in 2023.

The key players operating in Italy aluminium market are Norsk Hydro ASA, Novelis, Laminazione Sottile S.p.A., Aluminium Solution Group, METRA S.p.A., Profilglass S.p.A., Alumil Italia, Italcoat Srl, Cometal Engineering S.p.A., Raffmetal S.p.A., and others.

According to the Next Move Strategy Consulting, the size of Italy aluminium market is estimated to reach USD 8.07 billion by 2030, at a CAGR of 4.5% from 2024 to 2030.

The environmental and regulatory constraints hinder Italy aluminium market.

Some of the end-user industries include construction, transport, consumer electronics, and others.

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