South Korea Aluminum Alloys Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Wrought Alloys, Cast Alloys, and Aluminium Lithium Alloys), By Form (Sheets, Plates, Extrusions, and Foils), By Application (Automotive, Aerospace, Construction, Marine, and Electrical), By End-use (Industrial, Consumer Electronics, and Transportation), and South Korea Aluminum Alloys Market, Industry Trend, Forecasts to 2035

South Korea Aluminum Alloys Market Insights Forecasts to 2035

• The South Korea Aluminum Alloys Market Size Was Estimated at USD 7975.89 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 6.06% from 2025 to 2035
• The South Korea Aluminum Alloys Market Size is Expected to Reach USD 15231.3 Million by 2035

According to a research report published by Spherical Insights & Consulting, The South Korea Aluminum Alloys Market Size is anticipated to reach USD 15231.3 Million by 2035, growing at a CAGR of 6.06% from 2025 to 2035. The noteworthy developments in the aluminum alloy market at the moment are being driven by a number of variables.  One of the primary factors propelling the market is the growing need for lightweight materials in a variety of industries, such as aerospace, automotive, and construction.

Market Overview

The aluminum alloys market refers to the industry focused on producing and distributing metal mixtures primarily composed of aluminum and other elements like copper, magnesium, or silicon to enhance strength, durability, and corrosion resistance. These alloys are widely used across automotive, aerospace, construction, electronics, and industrial sectors. Lightweight properties, high conductivity, recyclability, and improved performance in harsh environments. Growing demand for fuel-efficient vehicles, electric mobility, and sustainable materials presents significant market opportunities. In South Korea, government initiatives such as the Green New Deal, support for electric vehicle production, and infrastructure modernization are promoting the use of advanced materials like aluminum alloys. These efforts are aimed at boosting industrial competitiveness and achieving carbon neutrality goals.

Report Coverage

This research report categorizes the market for South Korea aluminum alloys market based on various segments and regions forecasts revenue growth, and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea aluminum alloys market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment South Korea aluminum alloys market.

Driving Factors

Lightweight and durable materials across automotive, aerospace, and construction industries. The shift toward electric vehicles and fuel efficiency standards boosts the use of aluminum alloys due to their strength-to-weight ratio. Additionally, the growth of infrastructure projects and industrial automation enhances demand. Environmental benefits such as recyclability and corrosion resistance further support market growth, along with government policies promoting sustainable materials and advanced manufacturing technologies.

Restraining Factors

Raw material price volatility, especially for bauxite, alumina, and energy that drives up production costs and compresses manufacturer margins. Intense competition from alternative materials like carbon fibre composites and high-strength plastics, which can offer superior performance in specific applications, also limits aluminum alloy adoption. Strict environmental regulations and high fabrication expenses further burden producers, as compliance and costly alloying processes can hinder growth.

Market Segmentation

The South Korea aluminum alloys market share is classified into product type, form, application, and end-use.

• The wrought alloys segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea aluminum alloys market is segmented by product type into wrought alloys, cast alloys, and aluminium lithium alloys. Among these, the wrought alloys segment held a significant share in 2024 and is expected to grow at a substantial CAGR during the forecast period. Exceptional mechanical qualities and versatility in a range of applications, including building and transportation, wrought alloys are widely used to satisfy industry demands for strong, lightweight materials.

• The plates segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea aluminum alloys market is segmented by form into sheets, plates, extrusions, and foils. Among these, the plates segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. Applications needing structural stability, which are frequently found in the military and aerospace industries, greatly benefit from plates.  Extrusions are essential because they offer distinctive forms and patterns that meet the demands of contemporary architecture.

• The automotive segment dominated a share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea aluminum alloys market is segmented by application into automotive, aerospace, construction, marine, and electrical. Among these, the automotive segment dominated a share in 2024 and is expected to grow at a significant CAGR during the forecast period. The rising electric vehicle production, lightweight vehicle demand, and government emission regulations. Aluminum's strength-to-weight ratio makes it ideal for reducing vehicle weight, enhancing fuel efficiency, and meeting sustainability goals.

• The industrial segment held a majority share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea aluminum alloys market is segmented by end-use into industrial, consumer electronics, and transportation. Among these, the industrial segment held a majority share in 2024 and is expected to grow at a significant CAGR during the forecast period. The robust demand from the manufacturing, machinery, and infrastructure sectors. Aluminum alloys offer durability, corrosion resistance, and lightweight properties, making them ideal for industrial applications. Continued investments in industrial automation and infrastructure development are expected to drive significant growth in this segment over the forecast period.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea aluminum alloys market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the companies' current news and developments, including product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• KCC Corporation
• Poongsan Corporation
• POSCO Future M (formerly POSCO Chemical)
• Young Poong Group
• Hyundai Sungwoo Holdings
• KG Steel
• Hyosung Metals Co., Ltd.
• Albest Co., Ltd.
• Jiseong Aluminium Co., Ltd.
• WOOSHIN METAL Co., Ltd.
• Dawon Alloy Co., Ltd.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea aluminum alloys market based on the below-mentioned segments:

South Korea Aluminum Alloys Market, By Product Type

• Wrought Alloys
• Cast Alloys
• Aluminium Lithium Alloys

South Korea Aluminum Alloys Market, By Form

• Sheets
• Plates
• Extrusions
• Foils

South Korea Aluminum Alloys Market, By Application

• Automotive
• Aerospace
• Construction
• Marine
• Electrical

South Korea Aluminum Alloys Market, By End-use

• Industrial
• Consumer Electronics
• Transportation