Aluminum Manufacturing in the US
The Aluminum Manufacturing industry has endured significant volatility over the five years to 2018 due to fluctuations in aluminum prices, which reflect global supply and demand. While higher prices raise the cost of processing purchased aluminum, cost increases are generally passed on to customers and result in higher industry revenue. Surging prices for aluminum products and rebounding demand from major markets bolstered revenue prior to the current five-year period; however, this trend was not carried over to the beginning of the current period. The industry is expected to continue globalizing over the five years to 2023 as domestic and foreign manufacturing markets gain strength. In particular, despite the automotive industry's forecast slight decline over the next five years, rising demand for aluminum from automotive manufacturers will be a key driver of growth. In line with growing vehicle fuel and emissions standards, aluminum will increasingly replace steel as the metal of choice for automotive bodies and frames due to its relatively higher strength-to-weight ratio.
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.