The global aluminum market demand is expected to increase from 78.99 million tons in 2026 to 92.87 million tons by 2031, with a CAGR of 3.29%. Growth is driven by the rising use of lightweight materials in electric vehicles, renewable energy infrastructure, and sustainable packaging. Investments in low-carbon smelting and recycling capacity are expanding in North America and the Middle East, while Asia-Pacific leads in consumption.
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