Mexico Aluminium Market

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Mexico 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 : MC1344

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Mexico Aluminium Market Overview

Mexico Aluminium Market size was valued at USD 3.86 billion in 2023, and is predicted to reach USD 6.07 billion by 2030, at a CAGR of 6.7% 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 recognized for its low density, strength, and inherent corrosion resistance, which is provided by a natural 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, supported industry growth and reduced environmental impact.

Rising Demand in Packaging and Consumer Goods Drives Market Growth in Mexico

The packaging and consumer goods sector in Mexico are a major driver of aluminum demand. As the consumption of packaged products rises and consumer preferences shift towards convenience, the need for aluminum in packaging has increased significantly. Aluminum's properties, such as durability and light weight, make it ideal for packaging various consumer goods. This growing demand fuels the Mexico aluminum market expansion. The increase in packaged food and beverage products, along with other consumer goods, continues to boost the need for aluminum in this sector.

 

Growth in Automotive Sector Drives Aluminum Demand in Mexico

The expansion of the automotive manufacturing sector has significantly boosted aluminum demand in Mexico. As global automakers invest heavily in Mexico, the need for aluminum-intensive designs has surged. This demand is driven by the industry's focus on fuel efficiency and lightweighting initiatives, which require substantial quantities of aluminum for vehicle components.

In 2022, Mexico's aluminum imports totaled approximately 27 million metric tons, reflecting its critical role in the global aluminum market. The automotive industry's drive for advanced, lightweight materials continues to propel growth in aluminum consumption, establishing Mexico as a key player in the sector.

 

Environmental and Regulatory Constraints Hinders the Growth of Aluminium Market

The aluminum industry faces significant challenges due to environmental regulations and sustainability requirements. These include controls on emissions, waste management, and energy efficiency, that leads to higher operational costs for some producers. Complying with strict emissions standards, following waste management rules, and meeting energy consumption targets often demands substantial investments and efforts. While these measures are essential for fostering a greener and more sustainable industry, they also increase the overall costs and complexities of aluminum production.

Sustainable Packaging Creates Ample Future Opportunities

The growing focus on sustainable packaging is expected to provide growth opportunities for the Mexico aluminium market growth 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 of growth in the aluminium market.

 

Competitive Landscape  

Several key market players operating in Mexico aluminium industry include Norsk Hydro ASA, ABC Aluminum Solutions, Alucomex, Rio Tinto, Alcoa Corporation, South32, Arconic, Inc., Century Aluminum Company,    MES, Inc, CCL Container, and others.

Mexico 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

  • ABC Aluminum Solutions

  • Alucomex

  • Rio Tinto

  • Alcoa Corporation

  • South32

  • Arconic, Inc.

  • Century Aluminum Company

  • MES, Inc

  • CCL Container 

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Market Size in 2023

USD 3.86 Billion

Revenue Forecast in 2030

USD 6.07 Billion

Growth Rate

CAGR of 6.7% 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 demand in packaging and consumer goods drives the growth of the market.
  • The growth of automotives 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, Mexico aluminium market size reached USD 3.86 billion in 2023.

The key players operating in Mexico aluminium market are Norsk Hydro ASA, ABC Aluminum Solutions, Alucomex, Rio Tinto, Alcoa Corporation, South32, Arconic, Inc., Century Aluminum Company MES, Inc, CCL Container, and others.

According to the Next Move Strategy Consulting, the size of Mexico aluminium market is estimated to reach USD 6.07 billion by 2030, at a CAGR of 6.7% from 2024 to 2030.

The environmental and regulatory constraints hinder Mexico aluminium market.

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

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