Aluminum Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Aluminum Market by Processing Method (Flat Rolled, Castings, Ingots, Extrusions, Forgings, Pigments & Powder, Rod & Bar) Series (Series 1, Series 2, Series 3, Series 4, Series 5, Series 6, Series 7, Series 8) End User Industry (Transport, Building & Construction, Electrical Engineering, Consumer Goods, Foil & Packaging, Machinery & Equipment Others) and Geography

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Report

Description

Aluminum Market size estimated to be valued at USD 138.1 billion in 2021 and is poised to grow at a significant CAGR of 6.4% over 2022-2028. Aluminum is used to make cans, foils, culinary utensils, window frames, beer kegs, and aeroplane components. Aluminum is chosen for the packaging purpose over other materials like glass and plastic due to its unique characteristics like low density, non-toxic, good thermal conductivity, corrosion resistance, and can be cast, machined, and shaped with ease. Players are focused to expand their production capacity by establishing new plants. For instance, Ball Corporation intends to begin the construction of a new production facility in Czech Republic to expand to aluminum production capacity. Increasing demand for aluminum from end-user industries, stringent regulations on plastic usage, investments by the companies to enhance the production capacities, and technological advancements in aluminum production are expected to increase the revenue of the market over the forecast years.

Key Developments:

In May 2020, Amcor is a global leader in packaging solutions partnered with coffee producer Dualit on the development of their recyclable Aluminum coffee capsules.

In 2019, Tecnocap Group entered a partnership with Sauce Connection and produced aluminum refill bottles and introduced PURE aluminum bottles & aerosol can made of 100% recycled aluminum.

Aluminum Market

MARKET SUMMARY
-
6.4%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 6.4%
  • Largest Market– North-America
  • Fastest Growing Market– Asia-Pacific

Aluminum Market

  • The report on global aluminum market gives historical, current and future market sizes (US$ Bn) based on product, type, application and region.
  • aluminum market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • Key stakeholders of the global aluminum market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global aluminum products.
Key Players
  • Alcoa Corporation
  • Aluminum Bahrain
  • Aluminum Corporation of China
  • BHP Billiton Aluminum Australia Pty Ltd.
  • Century Aluminum Company
Aluminum Market Dynamics

Increased demand for aluminum in automobile industries and replacing it with the traditional stainless-steel materials in various manufacturing industries has increased the demand for aluminum. Automobile manufacturers are using aluminum to reduce the weight of the vehicle and improve the driving quality, performance, and durability of the vehicles. Automobile manufacturers such as Mercedes and Audi are largely substituting stainless steel with aluminum to reduce their car weight and increase the performance of the car.


Asia-Pacific got significant share

Aluminum Market

The Global Aluminum market in the Asia Pacific held the highest share of 42.8% in 2021 and it is expected to grow at a significant rate in the coming years. China has the biggest market share of aluminum in the Asia-Pacific region due to rapid growth in automobile industry, capacity expansions, and acquisitions by the Chinese players. India is anticipated to have a significant growth due to infrastructural development and growth in the automotive industry. North America is expected to grow at a prominent growth rate owing to advancements in aluminum manufacturing technologies, growth in transport industry and processing equipment, and alloy development from past few years.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about market size, regional market share, historic market (2017-2021) and forecast (2022-2028).
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market.
Aluminum Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The aluminum market is projected to expand at a CAGR of 7.4% during the forecast period

Emirates Global Aluminum PJSC, National Aluminum Co. Ltd., Kaiser Aluminum Corp., Norks Hydro ASA, Rio Tinto Ltd., United Company Rusal Plc, Xinfa Group Co. Ltd.

Asia Pacific is the fastest-growing region for aluminum market


Report

Table Of Content

1. Executive Summary
2. Global Aluminum Market Introduction
2.1. Global Aluminum Market – Taxonomy
2.2. Global Aluminum Market –Definitions
2.2.1. By Processing Method
2.2.2. By Series
2.2.3. By End User Industry
3. Global Aluminum Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Aluminum Market Dynamic Factors – Impact Analysis
3.6. Global Aluminum Market – Competition Landscape
4. Global Aluminum Market Analysis,2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis,2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Aluminum Market, By Processing Method, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
5.1. Flat Rolled
5.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Castings
5.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Extrusions
5.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
5.4. Forgings
5.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.4.3. Market Opportunity Analysis
5.5. Pigments & Powder
5.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.5.3. Market Opportunity Analysis
5.6. Rod & Bar
5.6.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.6.3. Market Opportunity Analysis
6. Global Aluminum Market Forecast, By Series, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
6.1. Series 1
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Series 2
6.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Series 3
6.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Series 4
6.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
6.5. Series 5
6.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.5.3. Market Opportunity Analysis
6.6. Series 6
6.6.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.6.3. Market Opportunity Analysis
6.7. Series 7
6.7.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.7.3. Market Opportunity Analysis
6.8. Series 8
6.8.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.8.3. Market Opportunity Analysis
7. Global Aluminum Market Forecast, By End User Industry, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
7.1. Transport
7.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Building & Construction
7.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Electrical Engineering
7.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Consumer Goods
7.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Foil & Packaging
7.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Machinery & Equipment
7.6.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.6.3. Market Opportunity Analysis
7.7. Others (Solar Panel Nanotechnology and Aluminum Air Batteries)
7.7.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.7.3. Market Opportunity Analysis
8. Global Aluminum Market Forecast, By Region, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
8.1. North America
8.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Europe
8.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Asia-Pacific
8.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Latin America
8.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Middle East and Africa
8.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Global Aluminum Market – Opportunity Analysis Index, By Processing Method, By Series, End User Industry and Region, 2022 – 2028
9. North America AluminumMarketAnalysis,2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
9.1. Processing Method Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
9.1.1. Flat Rolled
9.1.2. Castings
9.1.3. Extrusions
9.1.4. Forgings
9.1.5. Pigments & Powder
9.1.6. Rod & Bar
9.2. Series Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.2.1. Series 1
9.2.2. Series 2
9.2.3. Series 3
9.2.4. Series 4
9.2.5. Series 5
9.2.6. Series 6
9.2.7. Series 7
9.2.8. Series 8
9.3. End User Industry Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.3.1. Transport
9.3.2. Building & Construction
9.3.3. Electrical Engineering
9.3.4. Consumer Goods
9.3.5. Foil & Packaging
9.3.6. Machinery & Equipment
9.3.7. Others (Solar Panel Nanotechnology and Aluminum Air Batteries)
9.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.4.1. USA
9.4.2. Canada
9.5. North America Aluminum Market – Opportunity Analysis Index, By Processing Method, By Series, End User Industry and Country, 2022 – 2028
9.6. North America Aluminum Market Dynamics – Trends
10. Europe Aluminum Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
10.1. Processing Method Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
10.1.1. Flat Rolled
10.1.2. Castings
10.1.3. Extrusions
10.1.4. Forgings
10.1.5. Pigments & Powder
10.1.6. Rod & Bar
10.2. Series Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Series 1
10.2.2. Series 2
10.2.3. Series 3
10.2.4. Series 4
10.2.5. Series 5
10.2.6. Series 6
10.2.7. Series 7
10.2.8. Series 8
10.3. End User Industry Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Transport
10.3.2. Building & Construction
10.3.3. Electrical Engineering
10.3.4. Consumer Goods
10.3.5. Foil & Packaging
10.3.6. Machinery & Equipment
10.3.7. Others (Solar Panel Nanotechnology and Aluminum Air Batteries)
10.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.4.1. Germany
10.4.2. UK
10.4.3. France
10.4.4. Spain
10.4.5. Italy
10.4.6. Russia
10.4.7. Poland
10.4.8. Rest of Europe
10.5. Europe Aluminum Market – Opportunity Analysis Index, By Processing Method, By Series, End User Industry and Country,2022 – 2028
10.6. Europe Aluminum Market Dynamics – Trends
11. Asia-Pacific Aluminum Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
11.1. Processing Method Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
11.1.1. Flat Rolled
11.1.2. Castings
11.1.3. Extrusions
11.1.4. Forgings
11.1.5. Pigments & Powder
11.1.6. Rod & Bar
11.2. Series Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.2.1. Series 1
11.2.2. Series 2
11.2.3. Series 3
11.2.4. Series 4
11.2.5. Series 5
11.2.6. Series 6
11.2.7. Series 7
11.2.8. Series 8
11.3. End User Industry Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Transport
11.3.2. Building & Construction
11.3.3. Electrical Engineering
11.3.4. Consumer Goods
11.3.5. Foil & Packaging
11.3.6. Machinery & Equipment
11.3.7. Others (Solar Panel Nanotechnology and Aluminum Air Batteries)
11.4. Country Analysis2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.4.1. Japan
11.4.2. China
11.4.3. India
11.4.4. ASEAN
11.4.5. Australia & New Zealand
11.4.6. Rest of Asia-Pacific
11.5. Asia-Pacific Aluminum Market – Opportunity Analysis Index, By Processing Method, By Series, End User Industry and Country,2022 – 2028
11.6. Asia-Pacific Aluminum Market Dynamics – Trends
12. Latin America Aluminum Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
12.1. Processing Method Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
12.1.1. Flat Rolled
12.1.2. Castings
12.1.3. Extrusions
12.1.4. Forgings
12.1.5. Pigments & Powder
12.1.6. Rod & Bar
12.2. Series Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.2.1. Series 1
12.2.2. Series 2
12.2.3. Series 3
12.2.4. Series 4
12.2.5. Series 5
12.2.6. Series 6
12.2.7. Series 7
12.2.8. Series 8
12.3. End User Industry Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Transport
12.3.2. Building & Construction
12.3.3. Electrical Engineering
12.3.4. Consumer Goods
12.3.5. Foil & Packaging
12.3.6. Machinery & Equipment
12.3.7. Others (Solar Panel Nanotechnology and Aluminum Air Batteries)
12.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Argentina
12.4.4. Rest of Latin America
12.5. Latin America Aluminum Market – Opportunity Analysis Index, By Processing Method, By Series, End User Industry and Country,2022 – 2028
12.6. Latin America Aluminum Market Dynamics – Trends
13. Middle East and Africa Aluminum Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
13.1. Processing Method Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
13.1.1. Flat Rolled
13.1.2. Castings
13.1.3. Extrusions
13.1.4. Forgings
13.1.5. Pigments & Powder
13.1.6. Rod & Bar
13.2. Series Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.2.1. Series 1
13.2.2. Series 2
13.2.3. Series 3
13.2.4. Series 4
13.2.5. Series 5
13.2.6. Series 6
13.2.7. Series 7
13.2.8. Series 8
13.3. End User Industry Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Transport
13.3.2. Building & Construction
13.3.3. Electrical Engineering
13.3.4. Consumer Goods
13.3.5. Foil & Packaging
13.3.6. Machinery & Equipment
13.3.7. Others (Solar Panel Nanotechnology and Aluminum Air Batteries)
13.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.4.1. Gulf Cooperation Council (GCC) Countries
13.4.2. Israel
13.4.3. South Africa
13.4.4. Rest of MEA
13.5. MEA Aluminum Market – Opportunity Analysis Index, By Processing Method, By Series, End User Industry and Country,2022 – 2028
13.6. MEA Aluminum Market Dynamics – Trends
14. Competition Landscape 
14.1. Strategic Dashboard of Top Market Players
14.2. Company Profiles (Introduction, Financial Analysis, Series& Service Offerings, Key Developments, Strategies, and SWOT Analysis)
14.2.1. Alcoa Corporation (U.S.)
14.2.2. Aluminum Bahrain B.S.C. (Bahrain)
14.2.3. BEIERSDORF (Gemany)
14.2.4. Century Aluminum Company (U.S.),
14.2.5. Dubai Aluminum Company Limited (U.A.E)
14.2.6. East Hope Group (China),
14.2.7. Emirates Global Aluminum (U.A.E.)
14.2.8. H.P. (Australia),
14.2.9. Norsk Hydro A.S.A. (Norway)
14.2.10. Rio Tinto (Australia)
14.2.11. RUSAL (Russia)
14.2.12. Vedanta Ltd. (India)
15. Research Methodology
16. Key Assumptions and Acronyms

Report

Company Profile

  • Alcoa Corp.
  • Aluminum Corp. of China Ltd.
  • China Hongqiao Group Ltd.
  • Emirates Global Aluminum PJSC,
  • National Aluminum Co. Ltd.
  • Kaiser Aluminum Corp.
  • Norks Hydro ASA
  • Rio Tinto Ltd.
  • United Company Rusal Plc
  • Xinfa Group Co. Ltd.
  • Ball Carporation

Description

Aluminum Market size estimated to be valued at USD 138.1 billion in 2021 and is poised to grow at a significant CAGR of 6.4% over 2022-2028. Aluminum is used to make cans, foils, culinary utensils, window frames, beer kegs, and aeroplane components. Aluminum is chosen for the packaging purpose over other materials like glass and plastic due to its unique characteristics like low density, non-toxic, good thermal conductivity, corrosion resistance, and can be cast, machined, and shaped with ease. Players are focused to expand their production capacity by establishing new plants. For instance, Ball Corporation intends to begin the construction of a new production facility in Czech Republic to expand to aluminum production capacity. Increasing demand for aluminum from end-user industries, stringent regulations on plastic usage, investments by the companies to enhance the production capacities, and technological advancements in aluminum production are expected to increase the revenue of the market over the forecast years.

Key Developments:

In May 2020, Amcor is a global leader in packaging solutions partnered with coffee producer Dualit on the development of their recyclable Aluminum coffee capsules.

In 2019, Tecnocap Group entered a partnership with Sauce Connection and produced aluminum refill bottles and introduced PURE aluminum bottles & aerosol can made of 100% recycled aluminum.

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