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North America Aluminum Market 2023-2030

Best Price Guarantee Length Publisher Published Date SKU
from $1,500 113 Pages Triton Market Research April, 2023 TRTN17870550
Best Price Guarantee
Price from $1,500
Length 113 Pages
Publisher Triton Market Research
Published Date April, 2023
SKU TRTN17870550

North America Aluminum Market 2023-2030

MARKET OUTLOOK

Triton Market Research’s report puts forth that the North American aluminum market will register at a CAGR of 5.34% over the forecast years from 2023 to 2030. The United States and Canada are evaluated in the market in this region.

The United States is one of the world’s most powerful economies. The country has one of the largest infrastructure development markets. Some of the most key projects in the US include the construction of a mini-mill in Arkansas that is expected to be completed in 2024; the development of a mixed-use complex in Texas that aims to provide state-of-the-art residential, commercial, and parking facilities; the development of the Atlas Power Data Center in North Dakota; and many others.

The country’s growing infrastructure development is expected to drive demand for aluminum due to its high strength-to-weight ratio and other similar properties, thereby fostering the aluminum market’s growth in the country over the forecast duration.

Canada is one of the leading primary aluminum producers globally. The nation produced about 3.12 million tons of primary aluminum in 2020, as per government estimates. It has 10 primary aluminum smelters. As per the Canadian government, the country’s aluminum producers have one of the lowest CO2 footprints in the world, as compared with other producers. This is anticipated to propel the studied market growth during the forecast period.

COMPETITIVE OUTLOOK

The prime contenders in the aluminum market are Emirates Global Aluminum PJSC, RUSAL, Alcoa Corporation, China Hongqiao Group Co Ltd, and Century Aluminum Company.


1. North America Aluminum Market – Summary
2. Industry Outlook
2.1. Covid-19 Impact On The Aluminum Market
2.2. Market Maturity Analysis
2.3. Porter’s Five Forces Analysis
2.3.1. Threat Of New Entrants
2.3.2. Threat Of Substitutes
2.3.3. Bargaining Power Of Buyers
2.3.4. Bargaining Power Of Suppliers
2.3.5. Threat Of Competitive Rivalry
2.4. Industry Components
2.4.1. Raw Material Procurement
2.4.2. Aluminum Production
2.4.3. End-users
2.5. Regulatory Framework
2.6. Key Buying Impact Analysis
2.6.1. Strength Of Product
2.6.2. Product Recyclability
2.6.3. Corrosion Resistance
2.7. Key Market Strategies
2.7.1. Collaborations
2.7.2. Product Launches
2.7.3. Mergers & Acquisitions
2.7.4. Business Divestitures & Expansions
2.8. Market Drivers
2.8.1. Rising Demand From Various End-use Industries
2.8.2. Substitution Of Stainless Steel With Aluminum By Automotive Manufacturers
2.8.3. Rising Adoption Of Electric Vehicles
2.9. Market Challenges
2.9.1. Strict Environmental Regulations By Authorities
2.9.2. Rising Cost Of Aluminum
2.10. Market Opportunities
2.10.1. Multiple Applications Of Aluminum In The Sustainable Energy Industry
2.10.2. Technological Advancements
2.10.3. Recyclability Of Aluminum Gaining Market Traction
2.10.4. Growing Penetration In The Consumer Electronics Industry
2.10.5. Rising Use Of Aluminum In The Transportation Industry
2.10.6. Growing Popularity Of Aluminum Foam
2.11. Analyst Perspective
3. North America Aluminum Market – By Product
3.1. Alumina
3.2. Bauxite
3.3. Primary Aluminum
3.4. Other Products
4. North America Aluminum Market – By Industry Vertical
4.1. Automotive & Transportation
4.2. Building & Construction
4.3. Electronics
4.4. Foil & Packaging
4.5. Other Industry Verticals
5. North America Aluminum Market – Country Outlook
5.1. Country Analysis
5.1.1. United States
5.1.1.1. United States Aluminum Market Forecast & Prospects
5.1.2. Canada
5.1.2.1. Canada Aluminum Market Forecast & Prospects
6. Competitive Landscape
6.1. Rio Tinto
6.1.1. Overview
6.1.2. Portfolio
6.1.3. Key Strengths
6.1.4. Key Challenges
6.2. Aluminum Corporation Of China Limited (Chalco)
6.2.1. Overview
6.2.2. Portfolio
6.2.3. Key Strengths
6.2.4. Key Challenges
6.3. Rusal
6.3.1. Overview
6.3.2. Portfolio
6.3.3. Key Strengths
6.3.4. Key Challenges
6.4. Alcoa Corporation
6.4.1. Overview
6.4.2. Portfolio
6.4.3. Key Strengths
6.4.4. Key Challenges
6.5. Norsk Hydro Asa
6.5.1. Overview
6.5.2. Portfolio
6.5.3. Key Strengths
6.5.4. Key Challenges
6.6. Emirates North America Aluminum Pjsc
6.6.1. Overview
6.6.2. Portfolio
6.6.3. Key Strengths
6.6.4. Key Challenges
6.7. Novelis Inc
6.7.1. Overview
6.7.2. Portfolio
6.7.3. Key Strengths
6.7.4. Key Challenges
6.8. Aluminum Bahrain Bsc (Alba)
6.8.1. Overview
6.8.2. Portfolio
6.8.3. Key Strengths
6.8.4. Key Challenges
6.9. China Hongqiao Group Limited
6.9.1. Overview
6.9.2. Portfolio
6.9.3. Key Strengths
6.9.4. Key Challenges
6.10. Century Aluminum Company
6.10.1. Overview
6.10.2. Portfolio
6.10.3. Key Strengths
6.10.4. Key Challenges
7. Research Methodology & Scope
7.1. Research Scope & Deliverables
7.2. Sources Of Data
7.3. Research Methodology
Table List
Table 1: North America Aluminum Market, By Country Outlook, 2023-2030 (In $ Million)
Table 2: Regulatory Framework
Table 3: List Of Collaborations
Table 4: List Of Product Launches
Table 5: List Of Mergers & Acquisitions
Table 6: List Of Business Divestitures & Expansions
Table 7: North America Aluminum Market, By Product, 2023-2030 (In $ Million)
Table 8: North America Aluminum Market, By Industry Vertical, 2023-2030 (In $ Million)
Table 9: North America Aluminum Market, By Country Outlook, 2023-2030 (In $ Million)
Figure List
Figure 1: Industry Components
Figure 2: Key Buying Impact Analysis
Figure 3: North America Aluminum Market, By Product, 2022 & 2030 (In %)
Figure 4: North America Aluminum Market, By Alumina, 2023-2030 (In $ Million)
Figure 5: North America Aluminum Market, By Bauxite, 2023-2030 (In $ Million)
Figure 6: North America Aluminum Market, By Primary Aluminum, 2023-2030 (In $ Million)
Figure 7: North America Aluminum Market, By Other Products, 2023-2030 (In $ Million)
Figure 8: North America Aluminum Market, By Industry Vertical, 2022 & 2030 (In %)
Figure 9: North America Aluminum Market, By Automotive & Transportation, 2023-2030 (In $ Million)
Figure 10: North America Aluminum Market, By Building & Construction, 2023-2030 (In $ Million)
Figure 11: North America Aluminum Market, By Electronics, 2023-2030 (In $ Million)
Figure 12: North America Aluminum Market, By Foil & Packaging, 2023-2030 (In $ Million)
Figure 13: North America Aluminum Market, By Other Industry Verticals, 2023-2030 (In $ Million)
Figure 14: North America Aluminum Market, Country Outlook, 2022 & 2030 (In %)
Figure 15: United States Aluminum Market 2023-2030 (In $ Million)
Figure 16: Canada Aluminum Market 2023-2030 (In $ Million)

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