North America Aluminum Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2042
- Report Code : FAT2037170
- Published On: Sep, 2020
- Category : Automotive & Transportation
- Pages : 150
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North America Aluminum Market by Processing Industry (Flat Rolled, Castings, Extrusions, Forgings, Pigments & Powder and Rod & Bar); By End-Users (Transport, Building & Construction, Electrical Engineering, Consumer Goods, Foil & Packaging, Machinery & Equipment’s and Others); By Region (US, Mexico and Rest of North America)- Analysis of market share, size & trends for 2016-19 and forecasts to 2030.
Product Overview
Aluminum is a softened, light-weight, silvery-white, malleable, and ductile metal, mainly used in aircraft. It has a wide variety of applications due to its unique characteristics like it is not dangerous or harmful metal, a non-inflammable, non-dangerous, corrosion-proof, good conductor of heat & electricity and other characteristics. In a wide range of items such as bottles, foils, cooking utensils, window frames, telescope mirrors, decorative paper, containers, toys, and airplane pieces, aluminum is being used.
Market Highlights
North America Aluminum Market is anticipated to exceed USD 18,907.8 million by 2030 from USD 12,716 million in 2019 at a CAGR of 4.79% throughout the forecast period, i.e., 2019-30. The North America Aluminum Market is estimated to grow on the back of the following reasons.
North America Aluminum Market: Segments
Rising demand for Extrusion aluminum products
North America Aluminum Market is segmented by processing industry into flat rolled, castings, extrusions, forgings, pigments & powder and rod & bar. The extrusion segment held the maximum share in 2019 and is anticipated to grow at highest CAGR during the forecast period. In industrial applications especially in the building, plant and equipment market, as well as consumer products, extrusion aluminum goods have an elevated requirement. The increase in the sales of aluminum extrusion products in North America therefore contributes to higher demand. Moreover, flexible and cost-effective extraction tools allow manufacturers to experiment with new technologies and concepts.
North America Aluminum Market: Market Dynamics
Drivers
Increasing Demand for consumer electronics
The use of aluminum in mobile-phones, laptops, computers, LED televisions, screeners and other consumer electronic goods has become a widespread phenomenon. As per a report, the number of mobile users in the United States is projected to increase from 269.44million in 2019 to 310.23million in 2030.
Restraints
Threat from Close substitutes
Strong competition from substitute materials is anticipated to impede the growth of the demand for aluminum over the forecast period, i.e., 2019-2030. The aluminum market continues to face difficulties as a result of varying prices of raw materials and the threat of substitute products materials like glass & plastic, while demand for aluminum is expected to increase significantly due to strong demand from the automobile, construction, and manufacturing industries.
North America Aluminum Market: Regions
United States to grow at the highest CAGR during the forecast period
North America Aluminum Market is segmented on the basis of regional analysis into three major regions. These include United States, Mexico and Rest of North America. Geographically, United States held a major market share of XX% in 2019 and is likely to dominate the market during the forecast period due to concentration of end-users in the region like major players of transportation industry. Moreover, increasing investments by key players is likely to boost the market growth.
North America Aluminum Market is further segmented by region into:
United States Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR
Mexico Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR
Rest of North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR
Key Players
· Alcoa
Company overview
Business Strategy
Key Product Offerings
Financial Performance
Key Performance Indicators
Risk Analysis
Recent Development
Regional Presence
SWOT Analysis
· Norsk Hydro
· Almag Aluminum
· Extrudex Aluminum
· Rio Tinto Alcan
· Arconic
· Kaisar Aluminum
· United Company RUSAL
· JW Aluminum
· Novelis
North America Aluminum Market Report also contains an analysis on:
· North America Aluminum Market by segment:
· By Processing Method
o Flat Rolled
o Castings
o Extrusions
o Forgings
o Pigments & Powder
o Rod & Bar
· By End-Users
o Transport
o Building & Construction
o Electrical Engineering
o Consumer Goods
o Foil & Packaging
o Machinery & Equipment
o Others
· By Region
o U.S.
o Mexico
o Rest of North America
· North America Aluminum Market Size
· North America Aluminum Market Dynamics
· Supply and Demand
· Current Issues/trends/challenges
· Competition and Companies Involved in the Market
· Value Chain of the Market
· Market Drivers and Restraints
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With tables and figures helping analyze worldwide North America Aluminum market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
1. Executive Summary
2. North America Aluminum
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. Research Methodology
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. Average Pricing Analysis
5. Market Dynamics
5.1. Growth Drivers
5.2. Restraints
5.3. Opportunity
5.4. Trends
6. Recent Development, Policies& Regulatory Landscape
7. Risk Analysis
7.1. Demand Risk Analysis
7.2. Supply Risk Analysis
8. North America Aluminum Industry Analysis
8.1. Porters Five Forces
8.1.1. Threat of New Entrants
8.1.2. Bargaining Power of Suppliers
8.1.3. Threat of Substitutes
8.1.4. Rivalry
8.2. PEST Analysis
8.2.1. Political
8.2.2. Economic
8.2.3. Social
8.2.4. Technological
9. North America Aluminum Market
9.1. Market Size & forecast, 2019A-2030F
9.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10. North America Aluminum: Market Segmentation
10.1. By Regions
10.1.1. US, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.1.2. Mexico, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.1.3. Rest of North America, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.2. By Processing Industry: Market Share (2020-2030F)
10.2.1. Flat Rolled, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.2.2. Castings, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.2.3. Extrusions, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.2.4. Forgings, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.2.5. Pigments & Powders, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.2.6. Rods & Bars, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.3. By End-Users: Market Share (2020-2030F)
10.3.1. Transport, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.3.2. Building & Construction, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.3.3. Electrical Engineering, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.3.4. Consumer Goods, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.3.5. Foil & Packaging, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.3.6. Machinery & Equipment, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.3.7. Others, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11. Company Profile
11.1. Alcoa
11.1.1. Company Overview
11.1.2. Company Total Revenue (Financials)
11.1.3. Market Potential
11.1.4. Global Presence
11.1.5. Key Performance Indicators
11.1.6. SWOT Analysis
11.1.7. Product Launch
11.2. Norsk Hydro
11.3. Almag Aluminum
11.4. Extrudex Aluminum
11.5. Rio Tinto Alcan
11.6. Arconic
11.7. Kaisar Aluminum
11.8. United Company RUSAL
11.9. JW Aluminum
11.10. Novelis
12. Consultant Recommendation
**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
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The North America Aluminum Market has been segregated into various crucial divisions including applications, types, and regions. Each market segment is intensively studied in the report contemplating its market acceptance, worthiness, demand, and growth prospects. The segmentation analysis will help the client to customize their marketing approach to have a better command of each segment and to identify the most prospective customer base.
Report Objectives / Segmentation Covered :
By Companies / players:
By Regions:
By Type:
By Application:
Frequently asked questions(FAQ's):
New players are entering the North America Aluminum Market, while established companies are changing their business models and strategies. This pattern is likely to continue for the foreseeable future.
North America Aluminum has a wide range of applications, including
In recent years, the North America Aluminum Market has grown at an incredible rate. From 2025 to 2030, the market is expected to grow at a CAGR of yy%.
Yes, the add-on segmentation is available in the premium customised version of the North America Aluminum Market report for a more in-depth analysis. It aids in the calculation of refined and precise market values.
This latest research publication on the North America Aluminum Market is an in-depth market tracker that provides a comprehensive assessment of the challenges that manufacturers face in achieving new growth cycles in the current scenario.
