Brazil Aluminium Market Report and Forecast 2025-2034

Brazil Aluminium Market Growth

The First Mover’s Coalition (FMC) in the country aims to use advanced technologies such as inert anodes, green hydrogen, mechanical vapour compression, and carbon capture, storage, and utilisation for manufacturing low-carbon aluminium. By 2030, it is expected to account for 10% of overall aluminium production. FMC also aims to minimise reliance on bauxite for aluminium production by 50% by 2030 and instead use recycled aluminium for production.

In 2021, Brazil’s aluminium industry accounted for 6.8% of its industrial GDP. Brazil is the 12th largest producer of primary aluminium globally. It has significant reserves of bauxite and is the third largest producer of alumina globally, refining nearly 11Mtpa of aluminium annually. This accounted for 8% of the total production in 2022 globally.

The demand for high-value metals is expected to surge by 40% globally. In Brazil, the demand for aluminium products registered an annual growth rate of 3.4% during 2018-2024, which was higher than the global average. As per the Brazilian Aluminium Association, the growth of the transportation and packaging industry is primarily responsible for this growth.

Brazil’s recovery rate of aluminium is amongst the highest in the world. In 2022, Brazil recovered nearly 59.3% of aluminium scrap, which was substantially higher than the global average of 28.8%. The commitment of aluminium manufacturers to invest in recycling capabilities resulted in 100% recycling of aluminium cans in 2022. These trends are expected to favour market growth in the forecast period.

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Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Brazil Aluminium Industry Segmentation

Brazil Aluminium Market Share

Based on region, the market is segmented into São Paulo, Minas Gerais, Rio de Janeiro, Bahia, and Rio Grande do Sul. Bahia is projected to dominate the market, representing 5% of the overall market share. Over the forecast period of 2025-2034, Minas Gerais is expected to grow at a CAGR of 8.5%, due to the growing demand for aluminium from the packaging sector.

Leading Companies in the Brazil Aluminium Market

Brazil holds significant potential for the development of primary aluminium production facilities. Currently, Brazil exports nearly 89% of its alumina to Western countries for smelting, However, the expansion of domestic facilities is expected to favour the market growth.

• Companhia Brasileira de Alumínio (CBA) 

• Alcoa Corporation 

• Norsk Hydro ASA  

• ASA Alumínio 

• Alux do Brasil 

• Others