South Africa Aluminum Alloys Market Size & Outlook
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South Africa aluminum alloys market highlights
- The South Africa aluminum alloys market generated a revenue of USD 566.9 million in 2023 and is expected to reach USD 878.2 million by 2030.
- The South Africa market is expected to grow at a CAGR of 7.2% from 2024 to 2030.
- In terms of segment, automotive & transportation was the largest revenue generating application in 2023.
- Automotive & Transportation is the most lucrative application segment registering the fastest growth during the forecast period.
Aluminum alloys market data book summary
| Market revenue in 2023 | USD 566.9 million |
| Market revenue in 2030 | USD 878.2 million |
| Growth rate | 7.2% (CAGR from 2024 to 2030) |
| Largest segment | Automotive & transportation |
| Fastest growing segment | Automotive & Transportation |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Automotive & Transportation, Construction, Packaging, Electrical, Consumer Durables, Machinery & Equipment |
| Key market players worldwide | Alcoa Corp, Aluminium Bahrain, Aluminum Corp of China Ltd Class H, Hindalco Industries Ltd GDR, Norsk Hydro ASA, Novelis, Press Metal Industries, RUSAL, UACJ |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.2% of the global aluminum alloys market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Gulf Cooperation Council aluminum alloys market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 878.2 million by 2030.
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Aluminum Alloys Market Scope
Aluminum Alloys Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Press Metal Industries | View profile | 101-250 | Nasik, Maharashtra, India, Asia | https://pmiglobal.co.in |
| Aluminium Bahrain | View profile | 1001-5000 | Isa, Madinat, Bahrain, Asia | http://www.albasmelter.com |
| UACJ | View profile | 10001+ | Otemachi, Tokyo, Japan, Asia | https://www.uacj.co.jp/ |
| RUSAL | View profile | 10001+ | Moscow, Moscow City, Russian Federation, Europe | http://www.rusal.ru |
| Hindalco Industries Ltd GDR | View profile | 63258 | Pandurang Budhkar Road, Birla Centurion, 6th & 7th Floor, Worli, Mumbai, MH, India, 400030 | https://www.hindalco.com |
| Aluminum Corp of China Ltd Class H | View profile | 64504 | No. 62 North Xizhimen Street, Haidian District, Beijing, China, People's Republic of, 100082 | https://www.chalco.com.cn |
| Alcoa Corp | View profile | 13600 | 201 Isabella Street, Suite 500, Pittsburgh, PA, United States, 15212-5858 | https://www.alcoa.com |
| Novelis | View profile | 10001+ | Atlanta, Georgia, United States, North America | http://novelis.com |
| Norsk Hydro ASA | View profile | 32724 | Drammensveien 264, Oslo, Norway, NO-0283 | https://www.hydro.com |
South Africa aluminum alloys market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to aluminum alloys market will help companies and investors design strategic landscapes.
Automotive & transportation was the largest segment with a revenue share of 30.46% in 2023. Horizon Databook has segmented the South Africa aluminum alloys market based on automotive & transportation, construction, packaging, electrical, consumer durables, machinery & equipment covering the revenue growth of each sub-segment from 2018 to 2030.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa aluminum alloys market , including forecasts for subscribers. This country databook contains high-level insights into South Africa aluminum alloys market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa aluminum alloys market size, by application, 2018-2030 (US$M)
South Africa Aluminum Alloys Market Outlook Share, 2023 & 2030 (US$M)
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