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North America Aluminum Market by Processing Method, End-User Industry: Opportunity Analysis and Industry Forecast, 2015 - 2023

  • ID: 4730318
  • Report
  • December 2018
  • Region: North America
  • 144 pages
  • Allied Analytics LLP
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until May 30th 2020
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North America Aluminum Market Overview:

Aluminum is the third largest metal available across the globe. It is known for light weight and its ability to resist corrosion. Aluminum is a mineral mined from bauxite and cryolite. Aluminum alloys are formed using oxides and sulfates, which are highly adopted across various industries including building & construction and automotive marine & defense. In addition, aluminum is used to manufacture array of products, such as window frames, kitchen utensils, foils, airplane parts, beer kegs, and others

The North America aluminum market accounted for $12,076.0 million in 2015 and is anticipated to reach $17,995.6 million by 2023, registering a CAGR of 5.1% from 2015 to 2023. Growth in transport industry and technological advancements in aluminum manufacturing technologies and processing equipment are the major factors that drive the growth of the North America aluminum market. Rapid increase in applications in various end-user industries such as construction and packaging further fuel the market growth. Increase in competition from substitutes such as carbon fiber and fluctuation in prices of raw materials restrain the market growth. However, rise in demand for recycled aluminum products is expected to provide potential growth opportunities for the industry.

The North America aluminum market is segmented based on processing method, end use industries, and countries. Based on processing method, the market is classified into flat rolled, castings, extrusions, forgings, pigments & powder, and rod & bar. Based on end-use industry, the market is divided into transport, building & construction, electrical engineering, consumer goods, foil & packaging, machinery & equipment, and others. Based on country, it is analyzed across U.S. and Canada.

The major key players operating in the North America Aluminum market include Alcoa, Norsk Hydro, Rio Tinto Alcan, Arconic, Century Aluminum, Novelis, Access Industries, United Company RUSAL, Kaisar Aluminum, and JW Aluminum, and others. The other player includes United Aluminum, GYFORDPRODUCTIONS, LLC, ALUMINERIE ALOUETTE INC., Extrudex Aluminum, and Almag Aluminum.

Key Benefits for North America Aluminum Market:

Porter’s five forces analysis helps analyze the potential of buyers and suppliers and the competitive scenario of the industry for strategy building
This report outlines the current trends and future scenario of the aluminum market from 2015 to 2023 to understand the prevailing opportunities and potential investment pockets
Major countries in each region are mapped according to their individual revenue contribution to the global/regional market
The key drivers, restraints, and opportunities and their detailed impact analyses are elucidated in the study
The profiles of the key players along with their key strategic developments are enlisted in the report

North America Aluminumkey Market Segments:

By Processing Method

Flat Rolled
Castings
Extrusions
Forgings
Pigments & Powder
Rod & Bar

By End-use Industry

Transport
Building & Construction
Electrical Engineering
Consumer Goods
Foil & Packaging
Machinery & Equipment
Others

By Region

North America
U.S.
Mexico
Note: Product cover images may vary from those shown
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CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.3.1. List of key players profiled in the report
1.4. Research methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.1.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Top winning strategies
3.4. Porter's five forces analysis
3.4.1. Bargaining power of Buyer
3.4.2. Bargaining power of Supplier
3.4.3. Thereat of new entrants
3.4.4. Threat of substitute
3.4.5. Intensity of competitive rivalry
3.5. Top player positioning, 2017
3.6. Market dynamics
3.6.1. Drivers
3.6.1.1. Development of the transport industry
3.6.1.2. Technological advancements
3.6.1.3. Increase in applications across various end-user industries
3.6.2. Restraint
3.6.2.1. Increase in competition from substitutes
3.6.3. Opportunity
3.6.3.1. Increase in use of recycled aluminum products

CHAPTER 4: NORTH AMERICA ALUMINUM MARKET, BY PROCESSING METHOD
4.1. Overview
4.2. Market size and forecast
4.3. Flat rolled
4.3.1. Market size and forecast, by Country
4.4. Castings
4.4.1. Market size and forecast, by country
4.5. Extrusions
4.5.1. Market size and forecast, by country
4.6. Forgings
4.6.1. Market size and forecast, by country
4.7. Pigments & powders
4.7.1. Market size and forecast, by country
4.8. Rods & bars
4.8.1. Market size and forecast, by country

CHAPTER 5: NORTH AMERICA ALUMINUM, BY END-USER INDUSTRY
5.1. Overview
5.1.1. Market size and forecast
5.2. Transport
5.2.1. Market size and forecast, by country
5.3. Building & construction
5.3.1. Market size and forecast, by country
5.4. Electrical engineering
5.4.1. Market size and forecast, by country
5.5. Consumer goods
5.5.1. Market size and forecast, by country
5.6. Foil & packaging
5.6.1. Market size and forecast, by country
5.7. Machinery & equipment
5.7.1. Market size and forecast, by country
5.8. Others
5.8.1. Market size and forecast, by country

CHAPTER 6: NORTH AMERICA ALUMINUM MARKET, BY COUNTRY
6.1. Overview
6.1.1. Market size and forecast, by processing method
6.1.2. Market size and forecast, by end-user industry
6.1.3. Market size and forecast, by country
6.1.4. U.S.
6.1.4.1. Market size and forecast, by processing method
6.1.4.2. Market size and forecast, by end-user industry
6.1.5. Mexico
6.1.5.1. Market size and forecast, by processing method
6.1.5.2. Market size and forecast, by end-user industry

CHAPTER 7: COMPANY PROFILES
7.1. ALCOA CORPORATION
7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Product portfolio
7.1.5. Business performance
7.1.6. Key strategic moves and developments
7.2. NORSK HYDRO ASA
7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Operating business segments
7.2.4. Product portfolio
7.2.5. Business performance
7.2.6. Key strategic moves and developments
7.3. RIO TINTO ALCAN INC.
7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Operating business segments
7.3.4. Product portfolio
7.3.5. Business performance
7.3.6. Key strategic moves and developments
7.4. ARCONIC INC.
7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Operating business segments
7.4.4. Product portfolio
7.4.5. Business performance
7.4.6. Key strategic moves and developments
7.5. CENTURY ALUMINUM COMPANY
7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating business segments
7.5.4. Product portfolio
7.5.5. Business performance
7.5.6. Key strategic moves and developments
7.6. NOVELIS INC.
7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Product portfolio
7.6.5. Key strategic moves and developments
7.7. ACCESS INDUSTRIES
7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Operating business segments
7.7.4. Product portfolio
7.8. UNITED COMPANY RUSAL
7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Operating business segments
7.8.4. Product portfolio
7.8.5. Business performance
7.8.6. Key strategic moves and developments
7.9. KAISER ALUMINUM
7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Operating business segments
7.9.4. Product portfolio
7.9.5. Business performance
7.9.6. Key strategic moves and developments
7.10. JW ALUMINUM INC.
7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Operating business segments
7.10.4. Product portfolio
7.10.5. Key strategic moves and developments

List Of Tables

Table 01. North America Aluminum Market, By Processing Method, 20152023 (Kilotons)
Table 02. North America Aluminum Market, By Processing Method, 20152023 ($Million)
Table 03. North America Aluminum Market For Flat Rolled, By Country, 20152023 (Kilotons)
Table 04. North America Aluminum Market For Flat Rolled, By Country, 20152023 ($Million)
Table 05. North America Aluminum Market For Castings, By Country, 20152023 (Kilotons)
Table 06. North America Aluminum Market For Castings, By Country, 20152023 ($Million)
Table 07. North America Aluminum Market For Extrusions, By Country, 20152023 (Kilotons)
Table 08. North America Aluminum Market For Extrusions, By Country, 20152023 ($Million)
Table 09. North America Aluminum Market For Forgings, By Country, 20152023 (Kilotons)
Table 10. North America Aluminum Market For Forgings, By Country, 20152023 ($Million)
Table 11. North America Aluminum Market For Pigments & Powders, By Country, 20152023 (Kilotons)
Table 12. North America Aluminum Market For Pigments & Powders, By Country, 20152023 ($Million)
Table 13. North America Aluminum Market For Rods & Bars, By Country, 20152023 (Kilotons)
Table 14. North America Aluminum Market For Rods & Bars, By Country, 20152023 ($Million)
Table 15. North America Aluminum Market, By End-Use Industry, 20152023 (Kilotons)
Table 16. North America Aluminum Market, By End-Use Industry, 20152023 (Kilotons)
Table 17. North America Aluminum Market For Transport, By Country, 20152023 (Kilotons)
Table 18. North America Aluminum Market For Transport, By Country, 20152023 ($Million)
Table 19. North America Aluminum Market For Building & Construction, By Country, 20152023 (Kilotons)
Table 20. North America Aluminum Market For Building & Construction, By Country, 20152023 ($Million)
Table 21. North America Aluminum Market For Electrical Engineering, By Country, 20152023 (Kilotons)
Table 22. North America Aluminum Market For Electrical Engineering, By Country, 20152023 ($Million)
Table 23. North America Aluminum Market For Consumer Goods, By Country, 20152023 (Kilotons)
Table 24. North America Aluminum Market For Consumer Goods, By Country, 20152023 ($Million)
Table 25. North America Aluminum Market For Foil & Packaging, By Country, 20152023 (Kilotons)
Table 26. North America Aluminum Market For Foil & Packaging, By Country, 20152023 ($Million)
Table 27. North America Aluminum Market For Machinery & Equipment, By Country, 20152023 (Kilotons)
Table 28. North America Aluminum Market For Machinery & Equipment, By Country, 20152023 ($Million)
Table 29. North America Aluminum Market For Others, By Country, 20152023 (Kilotons)
Table 30. North America Aluminum Market For Others, By Country, 20152023 ($Million)
Table 31. North America Aluminum Market, By Processing Method, 20152023 (Kilotons)
Table 32. North America Aluminum Market, By Processing Method, 20152023 ($Million)
Table 33. North America Aluminum Market, By End-Use Industry, 20152023 (Kilotons)
Table 34. North America Aluminum Market, By End-Use Industry, 20152023 (Kilotons)
Table 35. North America Aluminum Market, By Country, 20152023 (Kilotons)
Table 36. North America Aluminum Market, By Country, 20152023 ($Million)
Table 37. U.S. Aluminum Market, By Processing Method, 20152023 (Kilotons)
Table 38. U.S. Aluminum Market, By Processing Method, 20152023 ($Million)
Table 39. U.S. Aluminum Market, By End-Use Industry, 20152023 (Kilotons)
Table 40. U.S. Aluminum Market, By End-Use Industry, 20152023 (Kilotons)
Table 41. Mexico Aluminum Market, By Processing Method, 20152023 (Kilotons)
Table 42. Mexico Aluminum Market, By Processing Method, 20152023 ($Million)
Table 43. Mexico Aluminum Market, By End-Use Industry, 20152023 (Kilotons)
Table 44. Mexico Aluminum Market, By End-Use Industry, 20152023 (Kilotons)
Table 45. Alcoa: Company Snapshot
Table 46. Alcoa: Operating Segments
Table 47. Alcoa: Product Portfolio
Table 48. Norsk Hydro Asa: Company Snapshot
Table 49. Norsk Hydro Asa: Operating Segments
Table 50. Norsk Hydro Asa: Product Portfolio
Table 51. Rio Tinto Alcan Inc.: Company Snapshot
Table 52. Rio Tinto Alcan Inc.: Operating Segments
Table 53. Rio Tinto Alcan Inc.: Product Portfolio
Table 54. Arconic Inc.: Company Snapshot
Table 55. Arconic Inc.: Operating Segments
Table 56. Arconic Inc.: Product Portfolio
Table 57. Century Aluminum Company: Company Snapshot
Table 58. Century Aluminum Company: Operating Segments
Table 59. Century Aluminum Company: Product Portfolio
Table 60. Novelis Inc.: Company Snapshot
Table 61. Novelis Inc.: Operating Segments
Table 62. Novelis Inc.: Product Portfolio
Table 63. Access Industries: Company Snapshot
Table 64. Access Industries: Operating Segments
Table 65. Access Industries: Product Portfolio
Table 66. United Company Rusal: Company Snapshot
Table 67. United Company Rusal: Operating Segments
Table 68. United Company Rusal: Product Portfolio
Table 69. Kaisar Aluminum: Company Snapshot
Table 70. Kaisar Aluminum: Operating Segments
Table 71. Kaisar Aluminum: Product Portfolio
Table 72. Jw Aluminum Inc.: Company Snapshot
Table 73. Jw Aluminum Inc.: Operating Segments
Table 74. Jw Aluminum Inc.: Product Portfolio

List Of Figures

Figure 01. North America Aluminum Market Segmentation
Figure 02. Top Investment Pockets
Figure 03. Top Winning Strategies, By Year, 20152017*
Figure 04. Top Winning Strategies, By Development, 20152018* (%)
Figure 05. Top Winning Strategies, By Company, 20152018*
Figure 06. Moderate Bargaining Power Of Buyers
Figure 07. Low Bargaining Power Of Supplier
Figure 08. Moderate Threat Of New Entrants
Figure 09. Moderate Threat Of Substitutes
Figure 10. High Competitive Rivalry
Figure 11. Top Player Positioning, 2017
Figure 12. North America Aluminum Market: Impact Analysis
Figure 13. North America Aluminum Market: U.S. Production Of Electric Vehicles (Millions), 2013-2017
Figure 14. Alcoa Corporation: Revenue, 20152017 ($Million)
Figure 15. Alcoa Corporation: Revenue Share By Segment, 2017 (%)
Figure 16. Alcoa Corporation: Revenue Share By Region, 2017 (%)
Figure 17. Norsk Hydro Asa: Revenue, 20152017 ($Million)
Figure 18. Norsk Hydro Asa: Revenue Share By Segment, 2017 (%)
Figure 19. Norsk Hydro Asa: Revenue Share By Region, 2017 (%)
Figure 20. Rio Tinto Alcan Inc.: Revenue, 20152017 ($Million)
Figure 21. Rio Tinto Alcan Inc.: Revenue Share By Segment, 2017 (%)
Figure 22. Rio Tinto Alcan Inc.: Revenue Share By Region, 2017 (%)
Figure 23. Arconic Inc.: Revenue, 20152017 ($Million)
Figure 24. Arconic Inc.: Revenue Share By Segment, 2017 (%)
Figure 25. Arconic Inc.: Revenue Share By Region, 2017 (%)
Figure 26. Century Aluminum Company: Revenue, 20152017 ($Million)
Figure 27. Century Aluminum Company: Revenue Share By Segment, 2017 (%)
Figure 28. Century Aluminum Company: Revenue Share By Region, 2017 (%)
Figure 29. United Company Rusal: Revenue, 20152017 ($Million)
Figure 30. United Company Rusal: Revenue Share By Segment, 2017 (%)
Figure 31. United Company Rusal: Revenue Share By Region, 2017 (%)
Figure 32. Kaiser Aluminum: Revenue, 20152017 ($Million)
Figure 33. Kaiser Aluminum: Revenue Share By Segment, 2017 (%)
Figure 34. Kaiser Aluminum: Revenue Share By Region, 2017 (%)
Note: Product cover images may vary from those shown
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According to a new report titled, North America Aluminum Market, by processing method and end-use industry: Opportunity Analysis and Industry Forecast, 20152023, The North America aluminum market was valued at $12,076.0 million in 2015 and is projected to reach $17,995.6 million by 2023, growing at a CAGR of 5.1% from 2016 to 2023. The transport segment dominated the market in 2015, with around one-third share, in terms of revenue.

Aluminum is a nonmagnetic and ductile metal with a dull luster due to thin aluminum oxide coating. Low metal density, corrosion resistance, and thermal conductivity are some properties, which makes it ideal for various industrial applications. Growth in transport industry is the major factor that drives the growth of the aluminum market across the globe. In addition, technological advancements and rapid development & urbanization in the emerging economies and growth in aluminum demand from various end-user industries such as foil & packaging supplement the market growth. Modern manufacturers are enhancing the design of aluminum cans to make the cans more hygienic. An overall increase in the production capacity by key leaders and high degree of vertical integration are observed in the industry. Manufacturers integrate their value chain to gain control over supply chain and offer aluminum products to end-use industries at reduced costs. Food and Drug Administration (FDA), American Society for Testing and Materials (ASTM), International Organization for Standardization (ISO) and Environment Protection Agency (EPA) are some of the regulatory authorities present in the aluminum market. Fluctuation in prices of raw materials, stringent government regulations toward usage of energy, and increase in substitutes such as carbon fiber hinder the growth of the aluminum market. However, rise in demand for recycled aluminum products and growth in usage of aluminum in emerging economies provide lucrative opportunities for market expansion.

In 2015, the transport segment accounted for close to one-third share of the market, in terms of volume. Aluminum products are extensively used in the transport industry due to their performance, weight to strength ratio, thermal conductivity, corrosion resistance, safety, and environment benefits. North American automotive manufacturers plan to increase the usage of aluminum in light trucks and cars by over 40% by 2025. Aluminum engine mounts, tailgate frames, running boards, and roof consoles are corrosion resistant and are more resilient in vehicle crashes due to their flexibility and inherent strength. Studies have confirmed that use of aluminum in motor industry reduces CO2 emissions.

Extrusions segment holds the largest share, in terms of revenue and is expected to grow at a CAGR of 4.8%. Aluminum extrusions offer lightweight and durability to patio furniture, sports equipment, and others. Flexible and low-cost extrusion tooling allows manufacturers to experiment with new applications and designs.

The prominent market players are Alcoa, Norsk Hydro, Rio Tinto Alcan, Arconic, Century Aluminum, Novelis, Access Industries, United Company RUSAL, Kaisar Aluminum, and JW Aluminum and others. The other player includes United Aluminum, GYFORDPRODUCTIONS, LLC, ALUMINERIE ALOUETTE INC., Extrudex Aluminum, and Almag Aluminum.

Key Findings OF THE STUDY

Based on processing method, the flat rolled segment accounted for 29.4% regional share, in terms of value
Based on end-use industry, the transportation segment dominated the North America market with 31.9% regional market share in 2015 in terms of value
By country, U.S. is predicted to be the dominant over the forecast period, in terms of both volume and revenue
Note: Product cover images may vary from those shown
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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