Brazil Aluminum Market Expected to Reach $4.1 Billion by 2028

According to a new report published by Allied Market Research titled, “Brazil Aluminum Market by Processing Method and End-User Industry: Opportunity Analysis and Industry Forecast, 2019–2028,” the Brazil aluminum market size was valued at $2.1 billion in 2019 and is anticipated to generate $4.1 billion by 2028, growing at a CAGR of 4.4% from 2021 to 2028.  

Aluminum is a nonmagnetic and ductile metal with a dull luster due to thin aluminum oxide coating. Low metal density, corrosion resistance, and thermal conductivity are some properties, which makes it ideal for various industrial applications. Growth in transport industry is the major factor that drives the growth of the aluminum market across the country. In addition, technological advancements, rapid development & urbanization in emerging economies, and growth in aluminum demand from various end user industries such as foil & packaging supplement the market growth. An overall increase in production capacity by key leaders and high degree of vertical integration are observed in the industry. 

Manufacturers integrate their value chain to gain control over supply chain and offer aluminum products to end users at reduced costs. Food and Drug Administration (FDA), American Society for Testing and Materials (ASTM), International Organization for Standardization (ISO), and Environment Protection Agency (EPA) are some of the regulatory authorities present in the aluminum market. Fluctuation in prices of raw materials, stringent government regulations toward usage of energy, and increase in substitutes such as carbon fiber hinder the growth of the aluminum market. However, rise in demand for recycled aluminum products and growth in usage of aluminum in the country provide lucrative opportunities for the market expansion.

On the basis of end user industry, transport segment accounted for more than one-fifth of the market, in terms of volume, in 2019. Aluminum products are extensively used in transport industry due to their performance, weight to strength ratio, thermal conductivity, corrosion resistance, safety, and environment benefits. 

Aluminum engine mounts, tailgate frames, running boards, and roof consoles are corrosion resistant and are more resilient in vehicle crashes due to their flexibility and inherent strength. Studies have confirmed that use of aluminum in motor industry reduces CO2 emissions.

On the basis of processing methods, extrusions segment holds the largest share, in terms of revenue. Aluminum extrusions offer lightweight and durability to patio furniture, sports equipment and others. Flexible and low-cost extrusion tooling allows manufacturers to experiment with new applications and designs. 

Key findings of the study

• The Brazil aluminum market size is provided in terms of revenue.
• A comprehensive analysis of the factors that drive and restrain the Brazil aluminum market growth is provided.
• The qualitative data in this report aims at the market trends, dynamics, and developments in the Brazil aluminum industry.
• The Brazil aluminum market forecast and estimations are based on factors impacting the market growth.