US Aluminium Market 2021-2026

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    US ALUMINIUM MARKET

     

    OVERVIEW

    Aluminium is characterized with properties such as high conductivity, ductility, and malleability. These properties have highly promoted the use of metal in a number of end use industries. Aluminium is extensively used in the construction industry owing to its light weight and corrosion resistance. In addition to this, it is also used in electrical transmission lines as it acts as a good electrical conductor. This has resulted in an increased production of metal, thereby propelling the aluminium market.

    In U.S. aluminium cans market is current witnessing steady growth. Aluminium cans are containers used to store and preserve the quality and favour of the contents. The U.S. aluminium cans market is primarily driven by the increasing demand for the packaging of processed and ready-to-eat food products, aerated drinks, fruit juices and energy drinks. On account of these factors, the market is expected to continue its steady growth during the forecast period (2021-2026).

     

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    According to US Geological Survey, US domestic primary aluminium production came in at 91000 tonnes in December 2019. The average daily production was 2950 tonnes, essentially unchanged from that in November 2019, 3% less than compared to December 2018. Total primary aluminium production was 1.09 million tonnes in 2019, 23% more than in 2018.

    Aluminium’s durability, reflectivity, strength and corrosion resistance are among the reasons it petitions to end users in manufacturing, aerospace, building and construction, electronics and more industries.

     

    US ALUMINIUM MARKET SEGMENTATION

    By Processing Method

    • Flat rolled
    • Castings
    • Extrusions
    • Forgings
    • Pigments & Power
    • Rod & Bar

    By Series

    • 1000 series aluminium alloy
    • 2000 series aluminium alloy
    • 3000 series aluminium alloy
    • 4000 series aluminium alloy
    • 5000 series aluminium alloy
    • 6000 series aluminium alloy
    • 7000 series aluminium alloy
    • 8000 series aluminium alloy

    By Alloy Type

    • Wrought alloys
    • Cast alloys

    By Product Type

    • Mill Finished
    • Anodized
    • Powder Coated
    • Plates, Ingots
    • Sheets & Foils
    • Cables & Wires

    By End Use Application

    • Automotive & Transportation
    • Aerospace & Defence
    • Marine
    • Building & Construction
    • Electrical Industry
    • Foil & Packaging, Consumer Goods
    • Consumer Goods
    • Machinery Equipment

    US ALUMINIUM MARKET DYNAMICS

    Increasing Use Of High-Strength Aluminium In Aerospace

    Due to its qualities such as corrosion resistance, high strength, flexibility, lightweight, good thermal & electrical conductivity, and barrier properties are playing a dominant role in the aluminium markets demand from the aerospace sector.

    Use Of Aluminium Die Cast Products In Automotive Industry

    The developments and requirements in automotive components, that are made from aluminium, are cost-effective models enhancing its venture into this industry. The surge in automotive demand and production levels and sales in U.S. propel the advance of aluminium market value during the period 2021-2027.

    Apart from these, aluminium is most anticipated material from other industries like Food and packaging, Domestic appliances, roofing sheets, smartphones, composite manufacturing, etc., these applications definitely increase the aluminium market value during the specified forecast period.

     

     

    US Aluminium Market 2021-2026 1

    Aluminium is the most recyclable of all materials. Discarded aluminium is more valuable than any other item in recycling bin. Aluminium is recycled through variety of programs. Items like beverage cans, aluminium foil, aluminium baking trays and pie pans are recycled. The aluminium industry actively supporting recycling partnership. More than 90% of the aluminium in building and automotive parts are recycled at the end of the use. The economics of aluminium also contributes to its position as one of the most recycled metals in U.S. Unlike other materials, aluminium more than pays for its own recycling in consumer and industrial waste stream.

     

    COMPETITIVE LANDSCAPE

    The Centre for Biomedical Technologies at Queensland University of Technology (CBT-QUT) has positively wet-etched a nanostructure with a breadth of 21-25 nm onto an Aluminum 6063 alloy plane. This verified the idleness of COVID-19 in six hours on tough antiviral nanostructured surfaces. Cicada’s Antimicrobial Nanotechnology Solution for COVID-Free Surfaces has given outstanding promise in sustaining public places safe from COVID-19 and is an excellent foundation for research should another pandemic happen in the future. 

    U.S. primary Aluminum producers continue to experience major competitiveness challenges, largely due to electric power costs that are higher than those of leading foreign rivals, particularly Canada and most of the GCC countries. Meanwhile, the U.S. secondary unwrought segment has the advantage of access to the most abundant supplies of domestically generated Aluminum scrap in the world. U.S. wrought firms are reportedly technologically advanced and work closely with their customers to create innovative product and alloy solutions to meet their end-use requirements.

    Recently, Alcoa invented the zero-carbon emission technology that ELYSIS, a joint venture company co-founded by Alcoa, is working to ramp up to a commercial scale. The process emits pure oxygen as by-product and eliminates all greenhouse gas emissions. This process is used in production of low-carbon aluminium wheels.

     

    MAJOR CONTRIBUTING COMPANIES

    Despite of advent of new alternatives, aluminium remains on a growth trajectory. Here is the list of the top competitors in U.S. supplying aluminium.

     

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2021-2026
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2021-2026
    19 Market Segmentation, Dynamics and Forecast by Application, 2021-2026
    20 Market Segmentation, Dynamics and Forecast by End use, 2021-2026
    21 Product installation rate by OEM, 2021
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2021
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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