The unwrought aluminium market in Italy is forecasted to grow from a volume of 2.1479 Billion Kilograms in 2024 to 2.286 Billion Kilograms by 2028. The current year 2023 recorded an actual market volume of 2.115 Billion Kilograms. Year-on-year, the market is expected to see a steady increase of approximately 1.63% from 2024 to 2025, continuing with a marginal increase of 1.59% from 2025 to 2026. Subsequent years show consistent annual growth rates of around 1.55% and 1.51% until 2028. The compound annual growth rate (CAGR) over the forecast period of 2024 to 2028 averages at about 1.57%.
Future trends to watch for include:
- Increasing demand in lightweight automotive and aerospace industries.
- Technological advancements in aluminium recycling processes.
- Governmental policies on environmental sustainability driving increases in aluminium usage.
- Potential supply chain disruptions impacting aluminium production and distribution.