Aluminium Market to Reach USD 331.1 Billion by 2035 — Surge Fueled by EV Boom, Green Infrastructure in Asia-Pacific, Europe, USA, and UAE

The global aluminium market is on a robust trajectory through 2035, propelled by electric vehicle (EV) adoption, sustainable infrastructure, and advanced alloy innovations. According to Future Market Insights (FMI), the market is valued at USD 183.1 billion in 2025 and is projected to hit USD 331.1 billion by 2035, growing at a compound annual growth rate (CAGR) of 6.1%.

The FMI report, “Aluminium Market Size, Share, and Forecast 2025–2035,” projects an incremental USD 148 billion in revenues over the decade, driven by lightweight, corrosion-resistant materials in automotive, aerospace, construction, and renewable energy sectors.

A Decade of Expansion Led by EV Lightweighting and Recycling:

The shift to EVs and low-carbon production is redefining aluminium demand. From 2025 to 2030, the market will add USD 68.2 billion, fueled by battery enclosures, chassis, and structural components in electric mobility.

From 2030 to 2035, FMI anticipates another USD 79.8 billion in growth, supported by hydrogen-based smelting, closed-loop recycling, and next-gen alloys for hypersonics and space applications.

“Aluminium’s recyclability and strength-to-weight ratio are making it indispensable for net-zero transitions,” said an FMI research analyst. “EV mandates and green energy projects are accelerating adoption, while innovations in hydro-powered processes cut emissions by up to 70%.”

Aluminium Key Market Insights at a Glance:

Metric- Global Estimate 

Market Value (2025)- USD 183.1 billion 

Forecast Value (2035)- USD 331.1 billion 

CAGR- 6.1% 

Top Series- Series 5 Aluminium (7.2% CAGR) 

Dominant Processing- Extrusions (7.4% CAGR) 

Fastest-Growing Region- Asia-Pacific (urbanization & EV policies)

China: The Aluminium Production Powerhouse:

FMI’s analysis positions China as the dominant force, with Hongqiao Group holding 14-19% global share. The market benefits from vertical integration, massive manufacturing, and policies favoring EVs and renewables. Recycling rates exceed 95% for secondary aluminium, reducing primary production reliance.

Aluminium Five Forces Driving Market Expansion:

EV Lightweighting: Aluminium replaces steel in 70% of new EV platforms, boosting range by 10-15%. 

Sustainable Smelting: Hydro-power and hydrogen processes slash energy use by 50% versus traditional methods. 

Infrastructure Renewal: Global spending on green buildings and grids to rise 35% by 2035. 

Circular Economy: Recycling initiatives target 100% closed-loop systems, minimizing bauxite dependency. 

Advanced Alloys: Series 5 and 6 variants enable marine, aerospace, and battery tech breakthroughs.

Aluminium Market Segment Overview:

By Series: Series 5 (magnesium alloys) leads with 7.2% CAGR, ideal for marine hulls, EV frames, and bridges due to superior corrosion resistance. Series 6 follows for heat-treatable aircraft and auto chassis. 

By Processing: Extrusions dominate growth at 7.4% CAGR, used in solar frames, curtain walls, and modular construction. Castings hold steady for engine blocks and machinery. 

By Application: Automotive claims 35% share, followed by construction (25%) and aerospace (15%). Packaging and renewables gain traction via foils and turbine components. 

By Region: Asia-Pacific leads volume; North America and Europe prioritize premium, low-carbon grades.

Aluminium Market Regional Overview:

North America: 4.5% CAGR in USA, driven by EPA regulations, Boeing/Lockheed aerospace, and IIJA infrastructure. 

Europe: EU at 4.8% CAGR, with Germany/France leading EV and wind energy applications; Norsk Hydro boosts recycling. 

Asia Pacific: Highest growth via China, India (‘Make in India’), Japan, and South Korea; urbanization and 5G infrastructure fuel demand. 

Middle East & Africa: UAE’s EGA supplies premium grades for automotive/aerospace; Saudi green projects accelerate adoption.

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Aluminium Market Competitive Landscape:

 China Hongqiao Group 

 UC Rusal 

 Alcoa Corporation 

 Rio Tinto Aluminium 

 Emirates Global Aluminium (EGA) 

Top players control 35-50% share, emphasizing low-carbon tech and vertical supply chains. Hongqiao leads in cost-efficiency; Rusal and Rio Tinto excel in hydro-smelting.

Aluminium Market Outlook: Core to Sustainable Industrial Evolution:

Over the next decade, aluminium will anchor electrification and circular economies. AI-optimized production, self-healing coatings, and 3D-printed components will enhance efficiency, while global regulations mandate carbon-neutral supply chains.

“Aluminium is evolving into a smart, adaptive material,” the FMI analyst noted. “From EV batteries to space-grade structures, companies investing in green tech and digital traceability will capture premium markets and drive the USD 331 billion future.”

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About Future Market Insights (FMI)

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