Market Size of Aluminum Ingots Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 6.50 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Aluminum Ingots Market Analysis
The aluminum ingots market is expected to register a CAGR of over 6.5% during the forecast period.
The COVID-19 pandemic impacted the overall aluminum ingots industry growth. However, the post-pandemic, increasing residential and commercial construction propelled the demand for aluminum ingots mortar.
- The surging construction activities and rising application of aluminum ingots in the automotive industry are significant factors driving the industry's growth.
- Fluctuating prices of raw materials and the availability of various alternatives will likely hinder the aluminum ingots market shortly.
- Upsurge in applying aluminum ingots in the aerospace and packaging industry will offer new growth opportunities during the forecast period.
- Asia-Pacific dominated the industry owing to increasing residential and commercial construction activities in China and India.
