Thailand Aluminium Market

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Thailand Aluminium Market by Product Type (Flat-Rolled, Castings, Extrusions, Forgings, Powder & Paste, and Other Types), by Type (Primary and Secondary), and by End-User Industry (Transport, Consumer Goods, Machinery & Equipment, Construction, Foil & Packaging, Electrical Engineering, and Others) – Global Opportunity Analysis and Industry Forecast, 2024–2030

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

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Thailand Aluminium Market Overview

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 Boosts the Growth of Market

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.

 

Growing Automotive Industry is Driving Thailand’s Aluminum Market

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.

 

Environmental and Regulatory Constraints Hinders the Growth of Aluminium Market

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.

 

Sustainable Packaging Creates Ample Future Opportunities

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.

Competitive Landscape  

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.

Thailand Aluminium Market Key Segments

By Product Type

  • Flat-Rolled

  • Castings

  • Extrusions

  • Forgings

  • Powder & Paste

  • Other Types        

By Type        

  • Primary

  • Secondary

By End-User Industry         

  • Transport

  • Consumer Goods

  • Machinery & Equipment

  • Construction

  • Foil & Packaging

  • Electrical Engineering

  • Others

Key Players

  • 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

  • The urbanization and infrastructure development drives the growth of the market.

  • The growing automotive industry further fuels the growth of the market.

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.

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Frequently Asked Questions

According to Next Move Strategy Consulting, Thailand aluminium market size reached USD 5.80 billion in 2023.

The key players operating in the Thailand aluminium market 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.

According to the Next Move Strategy Consulting, the size of the Thailand aluminium market is estimated to reach USD 11.55 billion by 2030, at a CAGR of 10.3% from 2024 to 2030.

The environmental and regulatory constraints hinder the Thailand aluminium market.

Some of the end-user industries include construction, transport, consumer electronics, and others.

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