Industry Insights
Report Reveals Global Aluminium Demand To Reach New Highs After Covid
A report by the International Aluminium Institute (IAI) indicates that global aluminium demand is expected to grow by nearly 40% by 2030, increasing from 86.2 Mt in 2020 to about 119.5 Mt. The strongest growth will come from the transportation, construction, packaging, and electricity sectors, which together account for about 75% of total demand. Much of the demand increase will occur in China and other Asian markets as industries expand and urbanisation continues. The report also highlights that sustainability trends, renewable energy, and electric vehicle production will play a major role in driving aluminium demand in the coming decade.
Highlights:
- Transport – due to decarbonisation policies and the shift from vehicles powered by traditional fossil fuels to electric vehicles (EVs
- Electrical –The Electrical sector represents one of the most substantial opportunities for the aluminium industry in coming years: as countries transition to renewable energies
- Packaging – aluminium consumption from the Packaging sector will increase from 7.2 Mt in 2020 to 10.5 Mt in 2030, driven mainly by the rise in popularity of canned drinks in North America, Europe, and China.
- Construction – growth will come mainly from Asia ex. China as demand remains linked to infrastructure spending and urbanization rather than green trends
Sources
International Aluminium Institute (IAI). (2025).
Global Aluminium Demand Outlook.
Available at: https: //international-aluminium.org/report-reveals-global-aluminium-demand-to-reach-new-highs-after-covid/?