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Aluminum Manufacturing in the US - Industry Market Research Report

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    Report

  • 77 Pages
  • October 2023
  • Region: United States
  • IBISWorld
  • ID: 16727

Foiled Again: Continued Volatility Will Likely Force Enterprises Out of the Industry

Aluminum Manufacturing in the US

The Aluminum Manufacturing industry has endured significant volatility into 2023, mainly in response to fluctuations in aluminum prices, which reflect global supply and demand. While higher prices raise the cost of processing purchased aluminum, manufacturers pass cost increases onto customers, generating greater revenue. Over the past five years, aluminum prices have been particularly volatile, caused by changing international trade policies and pandemic-related effects on production. The industry has declined at a CAGR of 2.7% to $44.1 billion, including a 4.1% decline in 2023 alone. Profit has also fallen to 4.7% as wage pressures increase.

Companies in this industry refine aluminum-bearing bauxite into alumina, smelt alumina to produce aluminum and manufacture aluminum products such as alloys, plate, sheet, foil and extrusions. The industry also includes companies that recover aluminum from scrap.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Table of Contents

ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Novelis Inc.
  • Arconic Corporation
  • Kaiser Aluminum Corporation
  • Constellium NV
  • Alcoa Corp
  • Cass, Inc.

Methodology

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