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
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.
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.
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.
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 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.
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.
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
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 |
|
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. |