Automotive & Mobility Components · Direct
Monitoring · monthlyProcurement Category Intelligence
Automotive Aluminium
Overview
Market size
$32
global, USD
CAGR
5.8%
base to forecast
Buyer power
-2.1
supplier-favoured
Suppliers
11
tracked players
Signals
12
2 high severity
Market outlook
2031$42
What changed
Demand by region
Asia Pacific demand42%
Europe demand24%
North America demand22%
Latin America demand6%
Rest of world demand6%
share of global demandtotal 100%
Cost drivers
Primary aluminum ingot and scrap metal55%
Energy and smelting electricity costs20%
Alloying elements like silicon magnesium copper manganese zinc10%
Rolling extrusion and fabrication labor10%
Inbound and outbound logistics5%
share of delivered cost (analyst estimate)