Industry: Materials and Chemical | Publish Date: 05-Oct-2024 | No of Pages: 111 | No. of Tables: 78 | No. of Figures: 43 | Format: PDF | Report Code : MC1408
The Thailand Aluminium Market size was valued at USD 5.80 billion in 2023, and is predicted to reach USD 11.55 billion by 2030, at a CAGR of 10.3% from 2024 to 2030. The aluminum sector includes the industry involved in the production, distribution, and use of aluminum, a lightweight, silvery-white metal.
Aluminum constitutes about 8% of the Earth's crust and is known for its low density, high strength, and natural corrosion resistance due to an oxide layer. These features make it highly useful in sectors such as aerospace, automotive, construction, packaging, and electronics. Its low weight is especially beneficial for improving efficiency in transportation.
The production process involves extracting aluminum from bauxite ore using the bayer process and electrolysis. Advances in technology and recycling have improved the environmental sustainability of production, supporting industry growth.
Urbanization and infrastructure development are key factors driving the growth of the aluminum market in Thailand. As the country experiences rapid urban expansion, there is a rising demand for new buildings, transportation systems, and other infrastructure projects.
Aluminum, known for its strength, lightweight nature, and resistance to corrosion, is widely used in these developments. The material's versatility makes it ideal for constructing durable structures and transportation networks that meet modern needs. This surge in construction activity is boosting the Thailand aluminium market demand, making it a critical component in the region's ongoing infrastructure projects and urbanization efforts.
The expanding automotive industry is a key driver of the Thailand aluminium market growth. As the automotive sector grows, there is increasing demand for aluminum due to its lightweight, strength, and resistance to corrosion.
Aluminum is used in various automotive components such as engine parts, body panels, and wheels, which helps improve fuel efficiency and reduce vehicle weight. This rise in automotive production and innovation fuels the need for aluminum, creating significant opportunities for suppliers and manufacturers in the Thailand aluminum market expansion.
The Thailand aluminium market encounters significant challenges stemming from strict environmental regulations and sustainability requirements. Compliance with emissions control, waste management, and energy efficiency targets often leads to increased operational costs for producers.
Adhering to these rigorous standards demands substantial investments in technologies and processes designed to minimize the environmental impact of aluminum production. Although these measures are essential for promoting a greener industry, they also add complexity and raise production costs, ultimately impacting the efficiency and profitability of aluminum manufacturing.
The increasing emphasis on sustainable packaging presents substantial growth opportunities for the aluminum market. Aluminum is highly valued for packaging applications such as cans, bottles, and foils due to its recyclability and effectiveness in preserving product quality and freshness.
As eco-conscious consumers and brands strive to minimize their environmental impact, they are increasingly opting for aluminum as their preferred packaging material. This choice helps reduce waste and supports sustainability goals, contributing to the growth of the aluminum market.
Several market players operating in the Thailand aluminium industry are Aluminum Corporation of China Limited (CHALCO), Hindalco Industries Ltd., China Hongqiao Group Limited, United Company RUSAL PLC, Rio Tinto, East Hope Group Company Limited, Xinfa Group Co., Ltd., Alcoa Corporation, Arconic Inc., Norsk Hydro ASA, and others.
Flat-Rolled
Castings
Extrusions
Forgings
Powder & Paste
Other Types
Primary
Secondary
Transport
Consumer Goods
Machinery & Equipment
Construction
Foil & Packaging
Electrical Engineering
Others
Aluminum Corporation of China Limited (CHALCO)
Hindalco Industries Ltd.
China Hongqiao Group Limited
United Company RUSAL PLC
Rio Tinto
East Hope Group Company Limited
Xinfa Group Co., Ltd.
Alcoa Corporation
Arconic Inc.
Norsk Hydro ASA
REPORT SCOPE AND SEGMENTATION:
Parameters |
Details |
Market Size in 2023 |
USD 5.80 Billion |
Revenue Forecast in 2030 |
USD 11.55 Billion |
Growth Rate |
CAGR of 10.3% from 2024 to 2030 |
Analysis Period |
2023–2030 |
Base Year Considered |
2023 |
Forecast Period |
2024–2030 |
Market Size Estimation |
Billion (USD) |
Growth Factors |
|
Companies Profiled |
10 |
Market Share |
Available for 10 companies |
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |