China Aluminium Market is expected to reach USD 60.09 billion by 2030

The adoption of aluminium in aircraft manufacturing and presence of largest automotive manufacturing sector are driving up demand for China aluminium market during the forecast period.

China Aluminium Market size was valued at USD 45.30 billion in 2023, and is predicted to reach USD 60.09 billion by 2030, with a CAGR of 3.4% from 2024 to 2030, according to new research by Next Move Strategy Consulting.

Aluminium is extensively used in aircraft manufacturing due to its favorable properties, finding application in various aircraft components such frames, wings, fuselages, and interior parts.

The growth of the aviation sector in China is driving substantial demand for aluminium, creating profitable opportunities for suppliers and manufacturers to cater to the industry's needs and drive market expansion.

According to the International Trade Administration, The Civil Aviation Administration of China’s (CAAC) records show that China had 248 transport airports by the end of 2021, with seven new airports in operation Jinzhou Airport in Hubei, Jiujiang Airport in Jiangxi, Heze Airport in Shandong, Wuhu Airport in Anhui, Chengdu Tianfu Airport in Sichuan, Binzhou Airport in Hunan and Shaoguan Airport in Guangdong.

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 China for sustainable packaging solutions drives the growth of the aluminium market.

Request for a sample here: https://www.nextmsc.com/china-aluminium-market/request-sample

According to the report, leading players in China aluminium market include Aluminium Corporation of China Limited (CHALCO), Hindalco Industries Ltd., Norsk Hydro ASA, China 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 China Aluminium Market Report:

• The information related to key drivers, restraints, and opportunities and their impact on China 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 China aluminium market is provided in the report along with their competitive analysis.

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