Aluminum Billets Market Report 2026

The aluminum billets market size has grown strongly in recent years. It will grow from $111.02 billion in 2025 to $118.91 billion in 2026 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to growth in aluminum extrusion industry, expansion of construction and infrastructure projects, rising demand from automotive manufacturing, availability of primary aluminum production capacity, growth in industrial machinery manufacturing.

The aluminum billets market size is expected to see strong growth in the next few years. It will grow to $162.86 billion in 2030 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to increasing adoption of lightweight materials in vehicles, rising investments in aluminum recycling and secondary billets, growing demand for energy-efficient buildings, expansion of electric vehicle production, advancements in billet casting and processing technologies. Major trends in the forecast period include increasing demand for extrusion-grade aluminum billets, growing use of high-strength aluminum billets in structural applications, rising adoption of continuous casting for billet production, expansion of large-diameter billets for industrial applications, increasing focus on dimensional accuracy and surface quality.

The increasing use of billets in the automotive industry is expected to drive the growth of the aluminum billet market in the coming years. The automotive industry encompasses companies, organizations, and activities involved in designing, developing, manufacturing, marketing, and selling motor vehicles. Aluminum billets are widely utilized in this sector due to their excellent strength-to-weight ratio, durability, and versatility. They are employed in the production of various components, including engine parts, suspension systems, wheels, transmission components, and other vehicle parts. For example, in May 2023, a study by European Aluminum, a Belgium-based industry association, projected that the average aluminum content per vehicle would rise from 205 kilograms in 2022 to 237 kilograms by 2026 (+15.6%) and reach 256 kilograms by 2030 (+24.9%). Consequently, the growing adoption of billets in the automotive industry is expected to propel the expansion of the aluminum billet market.

Leading companies in the aluminum billet market are prioritizing the development of innovative products, such as low-carbon aluminum value-added products, to stay ahead of the competition. These products are aluminum materials that have undergone further processing beyond the raw or primary stage to improve their properties, making them suitable for specialized applications in sectors like automotive, aerospace, packaging, and construction. For example, in September 2023, Fastmarkets, a company based in the UK, introduced two low-carbon aluminum differentials for value-added products (VAP). These new differentials aim to improve market transparency and address evolving demands. One differential focuses on low-carbon aluminum billet with a three-month timing window, while the other targets low-carbon aluminum value-added products (excluding billet) with a 12-month timing window.

In November 2025, AA Metals Inc., a U.S.-based distributor of aluminum and steel, acquired the assets of Sinobec Group for an undisclosed sum. Through this acquisition, AA Metals aimed to reinforce and stabilize its primary aluminum supply network while expanding its distribution and logistics capabilities across North America, ensuring consistent service for customers amid supply chain challenges. Sinobec Group is a Canada-based company specializing in aluminum trading and distribution services.

Major companies operating in the aluminum billets market report are Glencore plc, BHP Group Limited, Rio Tinto Plc, Hindalco Industries Ltd., Norsk Hydro ASA, Vedanta Resources, Novelis Inc., China Hongqiao Group Limited, Alcoa Corporation, United Company RUSAL, South32 Ltd, Arconic Inc, Constellium SE, Emirates Global Aluminium (EGA), Aluminum Bahrain (Alba), Shandong Nanshan Aluminum Co. Ltd., Kaiser Aluminum Corporation, Century Aluminum Company, National Aluminium Company Limited15, Kamensk-Uralsky Metallurgical Works, Aluar Aluminio Argentino S.A.I.C, Guangxi Liuzhou Yinhai Aluminum, Aluminum Corporation of China (CHINALCO), Gulf Aluminium Rolling Mill Company (GARMCO), Vista Metals Corp., Matalco Inc., FutureX Holding Limited, Jiangyin Comat Metal Products, Shawinigan Aluminium Inc.

Asia-Pacific was the largest region in the aluminum billets market in 2025. The regions covered in the aluminum billets market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the aluminum billets market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The aluminum billets market consists of sales of 7050 aluminum billets, 7075 aluminum billet, 2024 and 2014 aluminum billets and 5083 and 5086 aluminum billets. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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