Global Aluminum Rolled Products Market Price 2024, Forecast To 2033

The aluminum rolled products market has experienced strong growth, climbing from $55.86 billion in 2023 to $59.98 billion in 2024, reflecting a compound annual growth rate (CAGR) of 7.4%. This growth is attributed to growing demand across packaging, automobile, aerospace, ship, building, printing, and electronics industries, changing consumer demands, government policies and regulations, multi-year agreements for the supply of advanced aluminum rolled products, and increased urbanization. The market is anticipated to see strong growth, reaching $81.9 billion in 2028, boasting a CAGR of 8.1%. Contributing factors include the rising adoption of strategies by key players, increasing demand for aluminum rolled products, growth in the automotive and transportation industry, growth in the electrical and electronics industry, and increasing demand for sustainable aluminum via recycling scrap. Key trends encompass a focus on the circular economy, lightweighting in transportation, architectural innovation, customization and formability, and digitalization in manufacturing.