Report

The Philippines aluminium market is projected to grow at a CAGR of 4.40% between 2025 and 2034.

Philippines Aluminium Market Growth

The growth of the automotive sector, the rising usage of aluminium in consumer electronics, and the surge in commercial activities are some of the influential drivers boosting the demand of Philippines aluminium market. Rapid urbanisation and population growth are driving up residential and commercial construction projects in the country, which is boosting the demand for various building materials, such as aluminium, due to its flexibility and usefulness. Flat-rolled and extrusions processing methods are expected to witness the highest growth, growing at a CAGR of 4.7% and 5.0% respectively.

The trend of sustainability is gaining momentum, and the aluminium sector in the country is prioritising recycling to minimise the environmental impact. Aluminium can be recycled indefinitely without compromising its quality, making it a valuable resource in the circular economy.

Moreover, the demand for aluminium foil and sheets is increasing across different industrial sectors such as packaging, automotive, and electronics. Aluminium foil is commonly utilised in food packaging, whereas aluminium sheets are essential for manufacturing automotive body parts and electronic housings.

Key Trends and Recent Developments

The growing automobile manufacturing and residential construction sectors, along with high exports and use in the electronic goods segment are driving the Philippines aluminium market value.

April 2024

Daiki OM Aluminium Industry (Philippines), one of the major suppliers of aluminium in the country successfully passed the ISO surveillance audit for ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018, indicating its compliance with standards set forth by the Integrated Management System (IMS). Respectively, they ensure compliance with quality, environmental, and occupational health as well as safety management.

May 2024

Nissan, a globally known automobile manufacturer and supplier, which also accounts for a high market share in the Philippines, announced that it will use green and recycled aluminium with low carbon dioxide emission in spare parts. The full transition is expected to be completed by 2030. This is in line with the company's aim to achieve carbon neutrality in the entire lifecycle of its vehicles by 2050.

March 2021

Austal Philippines successfully delivered Hull 419, a 109-meter, high-speed catamaran ferry, to the Fjord Line of Norway. It was considered the largest aluminium vessel ever constructed in the Philippines. With a transportation capacity of 1,200 passengers at up to 40 knots, FSTR features Austal's largest-ever vehicle-carrying capacity constructed to date with design innovations that enhance operating performance and passenger comfort.

Growing Automobile Manufacturing Propelling the Growth of the Philippines Aluminium Market

The demand for lightweight yet durable automobiles has increased the use of aluminium in Philippines. The metal is increasingly being used in developing automobile engines and several other spare parts. According to the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI), the organisation's combined sales volume with the Truck Manufacturers Association (TMA) grew by 22% to 429,807 units in 2023. It further estimated the units' sales to exceed 500,000 units by the end of 2024, driving the industry's demand for aluminium in automobile manufacturing.

Residential Construction is Driving Aluminium Consumption in Philippines

The demand for aluminium in residential construction is increasing due to its high durability, malleability, and lightweight nature. Moreover, the metal is 100% recyclable and serves as a more sustainable alternative to other materials. In the first quarter of 2024, residential construction had the highest contribution to the overall Philippines construction industry in terms of value, accounting for 52.4% of the share. A growing residential construction sector indicates a high demand for aluminium in the Philippines aluminium market.

Use of Aluminium in Electronic Goods Segment Creating New Market Opportunities

The use of aluminium in high-tech electronic goods is creating new opportunities for market players. The metal finds its use in several ways in the electronic goods segment, a few of which include mobile, tablet, desktop and watch cases, electrical wiring, LED lighting, and PCBs. Their popularity is enhanced by their lightweight, durability, and aesthetic appeal. In April 2024, the industry witnessed a 5.2% year-on-year growth in the volume of production index, leading to a growing demand for aluminium in the market.

Rising Exports Increasing the Overall Philippines Aluminium Market Revenue

The Philippines is one of the major exporters of aluminium in the world, with the highest share accounted for by the Asia Pacific region. In 2023, the country exported more than 58 million kgs of aluminium to the world, of which more than 90% was attributed to countries such as China, India, South Korea, Malaysia, Thailand, and Japan. A further rise in export volumes is expected due to high demand for the metal in the region and proximity to the Philippines, adding to the overall revenue of the market.

Philippines Aluminium Industry Segmentation

"Philippines Aluminium Market Report and Forecast 2025-2034" offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

- Primary
- Secondary

Market Breakup by Processing Method

- Flat Rolled
- Castings
- Extrusions
- Forgings
- Pigments and Powder
- Rod and Bar
- Sheet
- Others

Market Breakup by End Use

- Transport
- Construction
- Electrical
- Machinery and Equipment
- Packaging and Foil
- Consumer Goods
- Others

Philippines Aluminium Market Share

Based on end use, the market is divided into transport, construction, electrical, machinery and equipment, packaging and foil, and consumer goods, among others. The construction sector accounts for a substantial market share as aluminium is readily utilised in infrastructure such as windows, doors, facades, and roofing due to its favourable properties such as lightweight, high strength, and corrosion resistance. Government initiatives boosting infrastructural projects and commercial development also play a crucial role in the segment growth.

Leading Companies in the Philippines Aluminium Market

The market participants are expanding their product portfolio to cater to a broad range of end-use sectors.

- AMC Aluminum
- DAIKI OM ALUMINIUM INDUSTRY (PHILIPPINES), INC.
- Aluminum Power Marketing Corporation
- Millennium Legacy Aluminium (MILLAC) Corp.
- Acumaster Manufacturing Corp.
- CALCO INDUSTRIES INC.
- Others