Article -> Article Details
| Title | India Aluminium Market Size and Report by 2033 | Get a Free Sample Report |
|---|---|
| Category | Sciences --> Technology |
| Meta Keywords | Aluminium |
| Owner | SAKSHI BAHANDARI |
| Description | |
| As indicated in the latest market research report published by IMARC Group, titled "India Aluminium Market Report by Product Type (Mill Finished, Anodized, Powder Coated, Others), Processing Method (Flat Rolled, Castings, Extrusions, Forgings, Pigments and Powder, Rod and Bar), Alloy Type (Automotive and Transportation, Aerospace and Defense, Marine, Building and Construction, Others), and Region 2025-2033," this report provides an in-depth analysis of the industry, featuring insights into the market. It encompasses competitor and regional analyses, as well as recent advancements in the market.
Market Size & Future Growth Potential The India aluminium market size reached 2.36 Million Tons in 2024. Looking forward, IMARC Group expects the market to reach 3.40 Million Tons by 2033, exhibiting a growth rate (CAGR) of 4.10% during 2025-2033. Recent News and Developments
Latest Market Trends Surging Demand from Automotive and Transportation Sectors India's automotive and transportation sectors are driving significant demand for aluminium, leveraging the metal's exceptional strength-to-weight ratio and superior corrosion resistance. The lightweight properties of aluminium directly enhance vehicle efficiency and fuel economy—critical factors in modern automotive engineering. With electric vehicle adoption accelerating rapidly, aluminium demand is particularly pronounced for EV-specific applications including battery casings, structural components, and chassis assemblies. The EV market achieved a milestone in 2024, with approximately 2 million EVs delivered in India, demonstrating robust electrification momentum. Government support through the FAME II scheme, which provides subsidies up to INR 10,000 per kWh, is significantly reducing EV acquisition costs and accelerating consumer adoption. This policy-driven transition toward electric mobility is fundamentally reshaping aluminium consumption patterns across the automotive sector. Beyond personal vehicles, railways and aerospace industries are increasingly integrating aluminium to enhance fuel efficiency, reduce operational costs, and improve durability. Growing exports of aluminium auto components from India underscore the sector's competitive positioning and opportunities within international supply chains. Request Free Sample Report: https://www.imarcgroup.com/india-aluminium-market/requestsample Market Scope and Growth Factors India's aluminium market scope is expanding substantially as industries across construction, automotive, aerospace, packaging, and electronics increasingly recognize aluminium's strategic importance in achieving operational efficiency, sustainability objectives, and global competitiveness. Multiple converging growth catalysts are positioning the market for sustained expansion. Urbanization and Infrastructure Modernization: Rapid urbanization is driving construction of residential complexes, commercial buildings, transportation infrastructure, and smart city projects. Aluminium's lightweight characteristics combined with superior durability and corrosion resistance make it the material of choice for modern infrastructure. Window frames, door systems, roofing materials, and structural components increasingly incorporate aluminium across urban developments. Smart city initiatives mandating sustainable building practices further amplify aluminium consumption in energy-efficient construction projects. Automotive Industry Transition and Localization: Major automakers including Tata Motors, Mahindra & Mahindra, and Hyundai are expanding manufacturing capacity, particularly for electric vehicles. This expansion directly increases demand for localized aluminium components. Hyundai pledged additional investments of USD 743 million (INR 6,180 crore) for long-term manufacturing expansion in Tamil Nadu during the 2024 global investor meet. OEM localization efforts are strengthening domestic aluminium supplier ecosystems and creating opportunities across the component supply chain. Packaging Industry Growth: The packaging sector represents a significant growth vector for aluminium consumption, particularly for beverage cans, food containers, and pharmaceutical packaging. Rising consumer goods demand, coupled with increased preference for recyclable and sustainable packaging, is driving substantial growth. Hindalco, through its Novelis subsidiary, is actively expanding lightweight aluminium solutions for packaging applications. Renewable Energy and Power Sector Expansion: Aluminium's electrical conductivity makes it indispensable in power transmission infrastructure. India's aggressive renewable energy targets require extensive transmission line infrastructure, creating sustained demand for aluminium conductors and related electrical components. Power sector development initiatives generate continuous demand for aluminium in transformers, cables, and grid infrastructure. Explore the Full Report: https://www.imarcgroup.com/india-aluminium-market Market Segmentation Analysis Segmentation by Product Type:
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Discuss Your Needs with Our Analyst – Get Customized Report Now: https://www.imarcgroup.com/request?type=report&id=31381&flag=C Competitive Landscape The report offers an in-depth examination of the competitive landscape. It includes thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant with detailed profiles of all major companies. About IMARC Group IMARC Group is a leading market research company that offers management strategy and market research services worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses through data-driven insights and strategic analysis. IMARC's information products encompass major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Our expertise spans comprehensive market forecasts and industry analysis across biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods. Contact Information IMARC Group 134 N 4th St. Brooklyn, NY 11249, USA Email: Sales@imarcgroup.com Phone:
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