IAI Report Forecasts 40% Increase in Primary Aluminum Demand by 2030 – Aluminum Insider

The International Aluminum Institute released a report this week predicting a 40% increase in aluminum demand by the end of the decade, calculating that the global aluminum industry will need to increase overall production. of primary aluminum by 33.3 million metric tons per year to keep pace. demand.

The report, titled Opportunities for Aluminum in a Post-Covid Economy, indicates that demand is expected to increase the most in the transport, construction, packaging and electrical sectors. According to the report, these four sectors are expected to account for 75% of aluminum demand growth this decade.

The People’s Republic of China is expected to account for 2/3 of future demand, with an expected requirement of 12.3 million metric tons per year. The rest of Asia is expected to need 8.6 million metric tons of primary aluminum per year, while North America and Europe are expected to need 5.1 million metric tons and 4. 8 million metric tons per year, respectively.

IAI General Secretary Miles Prosser said in a press release that the report helps shed light on trends in the aluminum industry.

“The IAI commissioned this report to better understand the drivers of future demand for aluminum and to determine what we need to do as an industry to meet consumer expectations for demand and sustainability. Figures in today’s report show that as society increasingly focuses on efficiency and sustainability, so too do the market opportunities for aluminum. In each of the sectors, the main drivers of demand are related to issues of sustainability and climate change. »

CRU aluminum manager Zaid Aljanabi said sustainability will remain a top concern for consumers for years to come.

“The aluminum industry has the opportunity to continue advancing its sustainability credentials; listening to and responding to consumer expectations; and working across the value chain to deliver more sustainable products and services to consumers. CRU Consulting has been advising clients in the aluminum industry for over four decades, providing independent and proprietary advice to clients across the value chain”

“As we pursue a sustainable future in a low-carbon world, aluminum has the qualities consumers seek – strength, lightness, versatility, corrosion resistance, a good conductor of heat and electricity, and is recyclable,” concluded Prose. “About 75% of the nearly 1.5 billion tons of aluminum ever produced are still in productive use today. This metal has been at the forefront of many industrial and technical innovations of the 20th century and continues to fuel a sustainable future. Meeting growing demand in a sustainable way is a challenge for the entire value chain, but the industry has the expertise and the passion to find the solutions needed to reduce the carbon intensity of our primary metal.

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