Aluminum Market Size, Share and Forecast Trends - Growth Analysis and Outlook Report 2026-2030

The global aluminium market is sized at approximately **76.5 million tonnes (Mt)** of demand in 2025, the base year for this report, equivalent to roughly USD 190 billion in value at a 2025 full-year average realised price of about USD 2,480 per tonne across the product mix (USD 190 billion spread across 76.5 Mt of demand). That annual-average price is deliberately distinct from the spot reference points cited in section 16 - about USD 2,760 per tonne in late 2025 and roughly USD 3,730 by mid-2026 - which sit higher because prices climbed sharply through the period. Demand is projected to reach about **95.9 Mt by 2032**, expanding at a volume compound annual growth rate (CAGR) of approximately **3.3 percent** across the forecast period. Value grows faster than volume, at roughly 5.4 percent a year, because firm pricing and a rising share of higher-value semi-fabricated and low-carbon pro

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