Italy Aluminium Market is expected to reach USD 8.45 billion by 2030

The rising focus on renewable energy sources and presence of one of the largest automotive manufacturing are driving up demand for Italy aluminium market during the forecast period.

Italy Aluminium Market size was valued at USD 5.92 billion in 2023, and is predicted to reach USD 8.45 billion by 2030, with a CAGR of 4.5% from 2024 to 2030, according to new research by Next Move Strategy Consulting.

Italy is actively advocating for wind, solar, and hydroelectric power as sustainable energy sources, which has resulted in the development of infrastructure such as wind farms, solar parks, and hydroelectric plants, greatly driving the market's expansion.

For instance, Enel Green Power, an Italian multinational renewable energy company, is developing the Malvezzi solar farm in the Municipality of Poggio Renatico (Ferrara), Emilia Romagna. The large-scale ground-mounted solar PV farm will be built on a production site of around 22 hectares, with a capacity of approximately 17 MWp.

The project is part of the National Resilience and Recovery Plan, which has devoted USD 617 million to incentivize renewables from 2021–2026. The increasing adoption of renewable energy technologies has created a higher demand for aluminium in Italy.

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

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According to the report, leading players in Italy 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 Italy Aluminium Market Report:

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

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