U.S. Aluminium Market

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The U.S. Aluminium Market by Product Type (Flat-Rolled, Castings, Extrusions, Forgings, Powder & Paste, and Other Types), by Type (Primary and Secondary), and by End-User Industry (Transport, Consumer Goods, Machinery & Equipment, Construction, Foil & Packaging, Electrical Engineering, and Others) – Opportunity Analysis and Industry Forecast, 2024–2030

Industry: Materials and Chemical | Publish Date: 26-Sep-2024 | No of Pages: 111 | No. of Tables: 78 | No. of Figures: 43 | Format: PDF | Report Code : MC1342

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The U.S. Aluminium Market Overview

The U.S. Aluminium Market size was valued at USD 12.47 billion in 2023, and is predicted to reach USD 17.13 billion by 2030, at a CAGR of 4.6% from 2024 to 2030. The aluminum sector includes the industry involved in the production, distribution, and use of aluminum, a lightweight, silvery-white metal. 

Aluminum makes up around 8% of the Earth's crust and is noted for its low density, strength, and natural corrosion resistance due to an oxide layer. These features make it highly useful in sectors such as aerospace, automotive, construction, packaging, and electronics. Its low weight is especially beneficial for improving efficiency in transportation. 

The production process involves extracting aluminum from bauxite ore using the bayer process and electrolysis. Advances in technology and recycling have improved the environmental sustainability of production, supporting industry growth.

Increasing Industrial Demand Drives the Market Growth

The rising demand for aluminum in the U.S. region across industries such as automotive, aerospace, construction, and packaging is a key factor driving the aluminum market. This growing need for aluminum-based products, including vehicles, aircraft, infrastructure projects, and consumer goods, has led to substantial imports of aluminum to meet domestic requirements. In 2022, the U.S. imported approximately 66 million metric tons of aluminum, the highest volume among countries in the region, according to the International Trade Administration.

 

Growing Demand for Aluminum in Renewable Energy and Electric Vehicles Fuels Market Expansion.

The U.S. is undergoing a notable shift towards renewable energy sources and the adoption of electric vehicles (EVs). Aluminum plays a key role in renewable energy infrastructure because it is lightweight, strong, and resistant to corrosion. It is used in solar panels, wind turbines, and transmission lines. 

As solar energy use grows, so does the demand for aluminum in solar panel frames and mounting systems. Additionally, the increase in electric vehicles, driven by consumer demand and government incentives, is raising the need for aluminum in EVs to reduce weight and improve energy efficiency. This shift towards renewable energy and electric vehicles is significantly boosting the U.S. aluminium market.

 

Environmental and Regulatory Constraints Hinders the Growth of Aluminium Market

The U.S. aluminium market expansion is challenged by environmental regulations and sustainability requirements, including emissions control, waste management, and energy efficiency targets, that increases operational costs for some producers. Meeting strict emissions standards, adhering to waste management rules, and achieving energy consumption goals often require significant investments and efforts to reduce the environmental impact of aluminum production. These sustainability measures, while crucial for creating a greener and more sustainable industry, also add to the overall costs and complexities of aluminum production.

Sustainable Packaging Creates Ample Future Opportunities

The growing focus on sustainable packaging is expected to provide significant growth opportunities for the U.S. aluminium market trends in the future. Aluminium is ideal for packaging applications such as cans, bottles, and foils due to its recyclability and ability to preserve product quality and freshness. 

Eco-conscious consumers and brands looking to reduce their environmental impact increasingly choose aluminium as a preferred packaging material. By selecting aluminium, they help reduce waste and support sustainability, aligning with their commitment to a greener future. This rising demand for sustainable packaging solutions is a key driver of growth in the aluminium market.

 

Competitive Landscape  

Several market players operating in the U.S. aluminium industry include Kaiser Aluminum, Century Aluminum, JW Aluminum, Novelis, Tri-Arrows Aluminum, Logan Aluminum, Norsk Hydro ASA, Alcoa Corporation, Arconic, United Company RUSAL Plc., and others.

The U.S. Aluminium Market Key Segments

By Product Type

  • Flat-Rolled

  • Castings

  • Extrusions

  • Forgings

  • Powder & Paste

  • Other Types        

By Type        

  • Primary

  • Secondary

By End-User Industry         

  • Transport

  • Consumer Goods

  • Machinery & Equipment

  • Construction

  • Foil & Packaging

  • Electrical Engineering

  • Others

Key Players

  • Kaiser Aluminum

  • Century Aluminum

  • JW Aluminum

  • Novelis

  • Tri-Arrows Aluminum

  • Logan Aluminum

  • Norsk Hydro ASA

  • Alcoa Corporation

  • Arconic

  • United Company RUSAL Plc

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Market Size in 2023

USD 12.47 Billion

Revenue Forecast in 2030

USD 17.13 Billion

Growth Rate

CAGR of 4.6% from 2024 to 2030

Analysis Period

2023–2030

Base Year Considered

2023

Forecast Period

2024–2030

Market Size Estimation

Billion (USD)

Growth Factors

  • The increasing industrial demand of aluminium drives the growth of the market.

  • The rising demand for aluminium in renewable energy and electric vehicles further fuels the growth of the market.

Companies Profiled

10

Market Share

Available for 10 companies

Customization Scope

Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs.

Bar chart Pie chart Pie chart

Frequently Asked Questions

According to Next Move Strategy Consulting, the U.S. aluminium market revenue reached USD 12.47 billion in 2023.

The key players operating in the U.S. aluminium market are Kaiser Aluminum, Century Aluminum, JW Aluminum, Novelis, Tri-Arrows Aluminum, Logan Aluminum, Norsk Hydro ASA, Alcoa Corporation, Arconic, United Company RUSAL Plc., and others.

According to the Next Move Strategy Consulting, the size of the U.S. aluminium market is estimated to reach USD 17.13 billion by 2030, at a CAGR of 4.6% from 2024 to 2030.

The environmental and regulatory constraints hinder the U.S. aluminium market.

Some of the end-user industries include construction, transport, consumer electronics, and others.

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