According to Cognitive Market Research, The Global Aluminium Billets market size is USD 16.8 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 4.5% from 2023 to 2030.
Growing construction projects in emerging economies drive demand for lightweight and corrosion-resistant aluminum billets, stimulating market growth.
Aluminum's recyclability and sustainability drive increased demand for aluminum billets, benefiting companies that embrace recycled materials.
Small-diameter billets are the fastest-growing segment in the Aluminium Billets market, catering to precision manufacturing in industries like electronics and automotive.
Asia Pacific will continue to lead, whereas the North American Aluminium Billets market will experience the strongest growth until 2030.
