The global aluminum industry is projected to reach $498.5 billion by 2030. The annual growth rate is expected to be 5.8% from 2022 to 2030.
One of the main reasons for the growth is the widespread use of aluminum in many sectors in the world and the creation of a large market network. The rolled and extruded aluminum segment accounted for 60 percent of the 2021 aluminum market.
Aluminum production value in Asia Pacific accounts for 69% of global aluminum production value. The Asia Pacific market is expected to hold the leading position due to high aluminum demand from the automotive, construction and manufacturing sectors.
Comments
No comment yet.