North America Aluminum Market – Industry Analysis and Forecast (2022-2027)


North America Aluminum Market was valued US$ 16384.81 Mn in 2021 and is forecast to reach US$ 21957.21 Mn by 2027 at a CAGR of 5%  during the forecast period.

Development of the automotive industry and technological advancements in product manufacturing technologies, processing equipment, and alloy development drives the North America aluminum market. Moreover, increase in applications across various end-user industries owed to its specific properties compare to other metals such as dampness and corrosion resistance further accelerate the market. Increase in use of recycled aluminum products is estimated to offer lucrative growth opportunities to the market players. However, substitutes such as composites poses a barrier to the market growth. The North American aluminum industry is gearing up for the anticipated demand growth in the automotive industry, which is striving to make lighter and more fuel-efficient vehicles.

North America Aluminum Market

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The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.

Extrusion segment dominated the market in 2021 followed by flat rolled and casting. Extrusion products have high demand in commercial applications precisely in construction, machinery and equipment, and consumer goods. Consumption of aluminum sheet and plate in North America has generally increased over the past five years.

Aluminum is gaining robust popularity in the transportation segment. The transportation industry dominated the North America region with the growth in production and sales of vehicle. Transport accounts for 27% this figure is bound to keep growing over the next few years. Light, strong and flexibility of aluminum proved an ideal material for building heavier-than-air aircraft.
U.S. held major share in the aluminum market due to presence of established end-use industries such as transportation and building & construction. Moreover, the U.S. is expected to remain dominant during the forecast period attributed to growth in investment by key players in the aluminum production expansion to cater to the rise in demand.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding grease market dynamics, structure by identifying and analyzing the market segments and project the market size. Further, the report also focuses on a competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER's analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in grease market.

North America Aluminum Market Scope: Inquire before buying






North America Aluminum Market




Report Coverage
Details




Base Year:
2021
Forecast Period:
2022-2027




Historical Data:
2017 to 2021
Market Size in 2021:
US $ 16384.81 Mn.




Forecast Period 2022 to 2027 CAGR:
5%
Market Size in 2027:
US $ 21957.21 Mn.




 Segments Covered:
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






North America Aluminum Market, by Region:

• U.S.
• Mexico

North America Aluminum Market Key Players :

• Alcoa
• Norsk Hydro
• Rio Tinto Alcan
• Arconic
• Century Aluminum
• Novelis
• Access Industries
• United Company RUSAL
• Kaisar Aluminum
• JW Aluminum
• United Aluminum
• GYFORDPRODUCTIONS, LLC
• ALUMINERIE ALOUETTE INC.
• Extrudex Aluminum
• Almag Aluminum

Frequently Asked Questions:

1. Which Country has the largest share in North America Aluminum Market?
Ans: United State held the highest share in 2021.

2. What is the growth rate of North America Aluminum Market?
Ans: The North America Aluminum Market is expected to grow at a CAGR of 5% during forecast period 2022-2027.

3. What is scope of the North America Aluminum market report?
Ans: North America Aluminum Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in North America Aluminum market?
Ans: The important key players in the North America Aluminum Market are – Alcoa, Norsk Hydro, Rio Tinto Alcan, Arconic, Century Aluminum, Novelis, Access Industries, United Company RUSAL, Kaisar Aluminum

5. What is the study period of this market?
Ans: The North America Aluminum Market is studied from 2021 to 2027. 




1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives

2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources

3. Executive Summary: North America Aluminum Market Size, by Market Value (US$ Bn) and Volume ( Metric ton)
4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Porter’s Analysis
4.4. Value Chain Analysis
4.5. Market Risk Analysis
4.6. SWOT Analysis
4.7. Industry Trends and Emerging Technologies

5. Supply Side and Demand Side Indicators
6. North America Aluminum Market Analysis and Forecast
6.1. North America Aluminum Market Analysis and Forecast
6.2. North America Aluminum Market Size& Y-o-Y Growth Analysis

7. North America Aluminum Market Analysis and Forecast, by Processing Method
7.1. Introduction and Definition
7.2. Key Findings
7.3. North America Aluminum Market Value Share Analysis, by Processing Method
7.4. Market Size (US$ Mn) Forecast, by Processing Method
7.5. Aluminum Market Analysis, by Processing Method
7.6. North America Aluminum Market Attractiveness Analysis, by Processing Method

8. North America Aluminum Market Analysis and Forecast, by End Use Industry
8.1. Introduction and Definition
8.2. North America Aluminum Market Value Share Analysis, by End Use Industry
8.3. North America Aluminum Market Size (US$ Mn) Forecast, by End Use Industry
8.4. North America Aluminum Market Analysis, by End Use Industry
8.5. North America Aluminum Market Attractiveness Analysis, by End Use Industry

9. North America Aluminum Market Analysis, by Region
9.1. North America Aluminum Market Value Share Analysis, by Region
9.2. Market Size (US$ Mn) Forecast, by Region
9.3. North America Aluminum Market Attractiveness Analysis, by Region

10. North America Aluminum Market Analysis
10.1. Key Findings
10.2. North America Aluminum Market Overview
10.3. North America Aluminum Market Value Share Analysis, by Processing Method
10.4. North America Aluminum Market Forecast, by Processing Method
10.4.1. Flat Rolled
10.4.2. Castings
10.4.3. Extrusions
10.4.4. Forgings
10.4.5. Pigments & Powder
10.4.6. Rod & Bar
10.5. North America Aluminum Market Value Share Analysis, by End Use Industry
10.6. North America Aluminum Market Forecast, by End Use Industry
10.6.1. Transport
10.6.2. Building & Construction
10.6.3. Electrical Engineering
10.6.4. Consumer Goods
10.6.5. Foil & Packaging
10.6.6. Machinery & Equipment
10.6.7. Others
10.7. North America Aluminum Market Value Share Analysis, by Country
10.8. North America Aluminum Market Forecast, by Country
10.8.1. U.S
10.8.2. Canada
10.9. North America Aluminum Market Analysis, by Country/ Sub-region
10.10. U.S Aluminum Market Forecast, by Processing Method
10.10.1. Flat Rolled
10.10.2. Castings
10.10.3. Extrusions
10.10.4. Forgings
10.10.5. Pigments & Powder
10.10.6. Rod & Bar
10.11. U.S Aluminum Market Forecast, by End Use Industry
10.11.1. Transport
10.11.2. Building & Construction
10.11.3. Electrical Engineering
10.11.4. Consumer Goods
10.11.5. Foil & Packaging
10.11.6. Machinery & Equipment
10.11.7. Others
10.12. Canada Aluminum Market Forecast, by Processing Method
10.12.1. Flat Rolled
10.12.2. Castings
10.12.3. Extrusions
10.12.4. Forgings
10.12.5. Pigments & Powder
10.12.6. Rod & Bar
10.13. Canada Aluminum Market Forecast, by End Use Industry
10.13.1. Transport
10.13.2. Building & Construction
10.13.3. Electrical Engineering
10.13.4. Consumer Goods
10.13.5. Foil & Packaging
10.13.6. Machinery & Equipment
10.13.7. Others
10.14. North America Aluminum Market Attractiveness Analysis
10.14.1. By Processing Method
10.14.2. By End Use Industry
10.15. PEST Analysis
10.16. Key Development
10.17. Key Trends

11. Company Profiles
11.1. Market Share Analysis, by Company
11.2. Competition Matrix
11.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment
11.2.2. New Product Launches and Product Enhancements
11.2.3. Market Consolidation
11.2.3.1. M&A by Regions, Investment and Applications
11.2.3.2. M&A Key Players, Forward Integration and Backward Integration
11.3. Company Profiles: Key Players
11.3.1. Alcoa
11.3.1.1. Company Overview
11.3.1.2. Financial Overview
11.3.1.3. Product Portfolio
11.3.1.4. Business Strategy
11.3.1.5. Recent Developments
11.3.1.6. Manufacturing Footprint
11.3.2. Norsk Hydro
11.3.3. Rio Tinto Alcan
11.3.4. Arconic
11.3.5. Century Aluminum
11.3.6. Novelis
11.3.7. Access Industries
11.3.8. United Company RUSAL
11.3.9. Kaisar Aluminum
11.3.10. JW Aluminum
11.3.11. United Aluminum
11.3.12. GYFORDPRODUCTIONS, LLC
11.3.13. ALUMINERIE ALOUETTE INC.
11.3.14. Extrudex Aluminum
11.3.15. Almag Aluminum
12. Primary Key Insights
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