Africa Aluminium Market is expected to reach USD 6.85 billion by 2030

The growing initiatives and presence of abundant natural resources are driving up demand for Africa aluminium market during the forecast period.

Africa Aluminium Market size was valued at USD 3.59 billion in 2023, and is predicted to reach USD 6.85 billion by 2030, with a CAGR of 8.9% from 2024 to 2030, according to new research by Next Move Strategy Consulting.

Mozambique, located in South Africa, is emerging as one of the leading aluminium producers. The country benefits from abundant natural resources and focuses on developing its aluminium industry; aluminium significantly fuels market growth.

According to the World Bureau of Metal Statistics, Mozambique produced some 564.8 thousand metric tons of aluminium in 2021, becoming Africa's second-largest aluminium-producing country second-largest aluminium. Refined aluminium production in Mozambique has slightly increased over the past decade, from a production volume of 557.4 thousand metric tons in 2010.

However, the aluminium industry is affected by environmental regulations and sustainability requirements such as emissions control, waste management, and energy efficiency targets, which can increase operational costs and pose challenges for some producers.

Compliance with stringent emissions standards, waste management regulations, and energy consumption targets can require significant investments and efforts to reduce the environmental impact of aluminium production.

These sustainability measures aim to minimize emissions, promote responsible waste management, and encourage energy efficiency.

While these regulations are essential to promote a greener and more sustainable industry, they can add to the overall costs and complexities of aluminium production.

On the other hand, the increasing emphasis on sustainable packaging is expected to create ample growth opportunities for the market in the future.

Aluminium is well-suited for applications such as cans, bottles, and foils, benefiting from its recyclability and ability to maintain product quality and freshness. Eco-conscious consumers and brands seeking to minimize their environmental impact prefer aluminium as a preferred choice.

By opting for aluminium packaging, they reduce waste and promote sustainability, aligning with their commitment to a greener future. This growing Africa for sustainable packaging solutions drives the growth of the aluminium market.

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According to the report, leading players in Africa aluminium market include Aluminium Corporation of Africa Limited (CHALCO), Hindalco Industries Ltd., Norsk Hydro ASA, Africa Hongqiao Group Limited, United Company RUSAL PLC, Rio Tinto, East Hope Group Company Limited, Xinfa Group Co., Ltd., Alcoa Corporation, and Arconic Inc., Emirates Global Aluminium PJSC, Vedanta Aluminium and Power, Ma’aden, South32, and Century Aluminium Company.

Key Insights from Africa Aluminium Market Report:

• The information related to key drivers, restraints, and opportunities and their impact on Africa aluminium market is provided in the report.

• The value chain analysis in the market study provides a clear picture of the roles of each stakeholder.

• The market share of players in Africa aluminium market is provided in the report along with their competitive analysis.

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