The global aluminum industry was expected to reach US$498.5 billion by 2030. The annual growth would be 5.8% from 2022 to 2030.
The growing reason was that aluminum was widely used in the world, and the rolled and extruded aluminum segment accounted for over 60% of the global aluminum market in 2021.
In Asia Pacific, its aluminum output value accounted for 69% of the global aluminum output value. Because of the high aluminum demand from the automotive, construction, and manufacturing industries, the market in Asia Pacific was expected to be in the leading position.