Aluminum Industry Statistics

In this post, we will explore the significant impact and key statistics surrounding the aluminum industry, a vital sector that plays a crucial role in economies worldwide. From its substantial contribution to GDP and job creation to its growing demand and sustainability efforts, the aluminum industry continues to shape various industries and markets on a global scale. Let’s dive into the numbers that highlight the prominence of aluminum in today’s economic landscape.

Statistic 1

"The aluminum industry contributes over $172 billion to the US economy, representing 1% of the total GDP."

Statistic 2

"The aluminum industry supports nearly 660,000 jobs in America."

Statistic 3

"The demand for aluminum in North America increased by 2.6% in 2019."

Statistic 4

"As of 2020, China is the world's largest aluminum producer, contributing over 55% of the total global production."

Statistic 5

"Aluminum is one of the most recycled, and most recyclable materials on the planet. In the United States, nearly 75 percent of all aluminum ever produced is still in use today."

Statistic 6

"The global aluminum market size was valued at $149.1 billion in 2019."

Statistic 7

"The global aluminum market size is expected to reach $223.2 billion by 2026."

Statistic 8

"The automotive industry is the second largest consumer of aluminum after the construction industry."

Statistic 9

"Packaging, including beverage cans, and foils represent approximately 19% of total aluminium usage."

Statistic 10

"In 2019, India's share in global aluminum production is approximately 6%."

Statistic 11

"Aluminum demand in Europe is predicted to grow by 2% yearly through 2023."

Statistic 12

"The United Arab Emirates is the world's fourth largest aluminum producer, with output of 2.6 million metric tons in 2019."

Statistic 13

"Global alumina production reached 130.6 million metric tons in 2019, a growth of over 3% from the previous year."

Statistic 14

"Europe's aluminum beverage can recycling rate is over 75%."

Statistic 15

"Aluminum production in the United States peaked in 1980 when it produced nearly 4.7 million metric tons of primary aluminum."

Statistic 16

"Global aluminum consumption is expected to reach 69.6 million tons by 2023."

Statistic 17

"The transportation industry consumes around 27% of the aluminum in the United States."

Statistic 18

"In 2020, the price of aluminum decreased by 5.5%, compared to the previous year and is projected to slightly increase in 2021."

Statistic 19

"The U.S. aluminum industry annually generates nearly $71 billion in direct economic impact."

In conclusion, the statistics presented highlight the significant impact and importance of the aluminum industry in the global economy. The industry plays a vital role in the US economy, contributing a substantial amount to the GDP and supporting a large number of jobs. With the increasing demand for aluminum and its recyclability, the market size is expected to grow significantly in the coming years. While China remains a dominant player in aluminum production, other countries like India and the United Arab Emirates are also notable contributors. The statistics indicate the diverse applications of aluminum across various industries, with the transportation and automotive sectors being major consumers. Despite fluctuations in prices, the future looks promising for the aluminum industry, with continued growth and innovation anticipated.