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Report
North America Aluminum Market Forecast 2022-2030
Market Report I 2022-12-12 I 167 Pages I Inkwood Research
KEY FINDINGS
The North America aluminum market is anticipated to grow with a 4.45% CAGR during the forecasted period of 2022 to 2030. Some of the key factors fueling the market growth of the region include the renewed interest in technology from engineering as well as construction companies to acquire swifter access to new digital solutions, in addition to the rise in military and defense expenditure.
MARKET INSIGHTS
The North America aluminum market growth evaluation constitutes the assessment of Canada and the United States. Canada's transportation and automotive industry largely relies on various aluminum alloys in order to produce a number of components. This is primarily accredited to the outstanding properties of aluminum, including its durability and lightweight. Since these aspects help decrease the automobile's weight, the rate of greenhouse gas emissions and fuel consumption is reduced, as well.
On the other hand, the majority of global vehicle manufacturers are present in Canada. These include Ford, Honda, General Motors, Toyota, and various others. Aligning with this, according to the International Trade Administration (ITA), the market penetration for electric vehicles was the highest in Quebec, with 46% of electric vehicles registered in Canada. Subsequently, the multiple applications of aluminum in such end-use sectors are anticipated to bolster the demand for aluminum over the upcoming years. Hence, these factors are set to provide the North America aluminum market with lucrative growth opportunities during the forecasted period.
COMPETITIVE INSIGHTS
Alcoa Corporation, Novelis Inc, etc., are among the top companies operating in the market.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation caters to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
TABLE OF CONTENTS
1. RESEARCH SCOPE & METHODOLOGY
1.1. STUDY OBJECTIVES
1.2. SCOPE OF STUDY
1.3. METHODOLOGY
1.4. ASSUMPTIONS & LIMITATIONS
2. EXECUTIVE SUMMARY
2.1. MARKET SIZE & ESTIMATES
2.2. MARKET OVERVIEW
3. MARKET DYNAMICS
3.1. KEY DRIVERS
3.1.1. GROWING DEMAND FROM END-USERS
3.1.2. RISING SUBSTITUTION OF STAINLESS STEEL WITH ALUMINUM BY AUTOMOTIVE MANUFACTURERS
3.1.3. INCREASING ELECTRIC VEHICLES PRODUCTION
3.2. KEY RESTRAINTS
3.2.1. STRINGENT ENVIRONMENTAL REGULATIONS
3.2.2. RISING PRICES OF ALUMINUM
4. KEY ANALYTICS
4.1. IMPACT OF COVID-19 ON ALUMINUM MARKET
4.2. KEY MARKET TRENDS
4.3. PORTER'S FIVE FORCES ANALYSIS
4.3.1. BUYERS POWER
4.3.2. SUPPLIERS POWER
4.3.3. SUBSTITUTION
4.3.4. NEW ENTRANTS
4.3.5. INDUSTRY RIVALRY
4.4. OPPORTUNITY MATRIX
4.5. VENDOR LANDSCAPE
4.6. VALUE CHAIN ANALYSIS
4.6.1. RAW MATERIAL PROCUREMENT
4.6.2. ALUMINUM PRODUCTION
4.6.3. END-USER
4.7. KEY BUYING CRITERIA
4.7.1. STRENGTH
4.7.2. RECYCLABILITY
4.7.3. CORROSION RESISTANCE
4.8. REGULATORY FRAMEWORK
5. MARKET BY PRODUCT TYPE
5.1. PRIMARY ALUMINUM
5.2. ALUMINA
5.3. BAUXITE
5.4. OTHER PRODUCTS (FLAT ROLLED AND EXTRUSIONS)
6. MARKET BY END-USER
6.1. BUILDING AND CONSTRUCTION
6.2. AUTOMOTIVE & TRANSPORTATION
6.3. ELECTRONICS
6.4. FOIL & PACKAGING
6.5. OTHER END-USERS
7. GEOGRAPHICAL ANALYSIS
7.1. NORTH AMERICA
7.1.1. MARKET SIZE & ESTIMATES
7.1.2. KEY GROWTH ENABLERS
7.1.3. KEY CHALLENGES
7.1.4. KEY PLAYERS
7.1.5. COUNTRY ANALYSIS
7.1.5.1. UNITED STATES
7.1.5.2. CANADA
8. COMPETITIVE LANDSCAPE
8.1. KEY STRATEGIC DEVELOPMENTS
8.1.1. MERGERS & ACQUISITIONS
8.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
8.1.3. PARTNERSHIPS & AGREEMENTS
8.1.4. BUSINESS EXPANSIONS & DIVESTITURES
8.2. COMPANY PROFILES
8.2.1. ALCOA CORPORATION
8.2.2. ALUMINUM BAHRAIN BSC (ALBA)
8.2.3. ALUMINUM CORPORATION OF CHINA LTD (CHALCO)
8.2.4. CENTURY ALUMINUM COMPANY
8.2.5. CHINA HONGQIAO GROUP LIMITED
8.2.6. CHINA ZHONGWANG HOLDINGS LIMTED
8.2.7. CONSTELLIUM SE
8.2.8. EMIRATES GLOBAL ALUMINUM PJSC
8.2.9. HINDALCO INDUSTRIES LTD
8.2.10. NORSK HYDRO ASA
8.2.11. NOVELIS INC
8.2.12. RELIANCE STEEL & ALUMINUM CO
8.2.13. RIO TINTO
8.2.14. UACJ CORPORATION
8.2.15. UNITED COMPANY RUSAL PLC
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT - ALUMINUM MARKET
TABLE 2: REGULATORY FRAMEWORK
TABLE 3: NORTH AMERICA ALUMINUM MARKET, BY PRODUCT TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 4: NORTH AMERICA ALUMINUM MARKET, BY PRODUCT TYPE, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 5: NORTH AMERICA ALUMINUM MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 6: NORTH AMERICA ALUMINUM MARKET, BY END-USER, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 7: NORTH AMERICA ALUMINUM MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 8: NORTH AMERICA ALUMINUM MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 9: LEADING PLAYERS OPERATING IN NORTH AMERICA ALUMINUM MARKET
TABLE 10: LIST OF MERGERS & ACQUISITIONS
TABLE 11: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 12: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 13: LIST OF BUSINESS EXPANSIONS & DIVESTITURES
LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
FIGURE 3: OPPORTUNITY MATRIX
FIGURE 4: VENDOR LANDSCAPE
FIGURE 5: VALUE CHAIN ANALYSIS
FIGURE 6: KEY BUYING CRITERIA
FIGURE 7: NORTH AMERICA ALUMINUM MARKET, GROWTH POTENTIAL, BY PRODUCT TYPE, IN 2021
FIGURE 8: NORTH AMERICA ALUMINUM MARKET, BY PRIMARY ALUMINUM, 2022-2030 (IN $ MILLION)
FIGURE 9: NORTH AMERICA ALUMINUM MARKET, BY ALUMINA, 2022-2030 (IN $ MILLION)
FIGURE 10: NORTH AMERICA ALUMINUM MARKET, BY BAUXITE, 2022-2030 (IN $ MILLION)
FIGURE 11: NORTH AMERICA ALUMINUM MARKET, BY OTHER PRODUCTS (FLAT ROLLED AND EXTRUSIONS), 2022-2030 (IN $ MILLION)
FIGURE 12: NORTH AMERICA ALUMINUM MARKET, GROWTH POTENTIAL, BY END-USER, IN 2021
FIGURE 13: NORTH AMERICA ALUMINUM MARKET, BY BUILDING AND CONSTRUCTION, 2022-2030 (IN $ MILLION)
FIGURE 14: NORTH AMERICA ALUMINUM MARKET, BY AUTOMOTIVE & TRANSPORTATION, 2022-2030 (IN $ MILLION)
FIGURE 15: NORTH AMERICA ALUMINUM MARKET, BY ELECTRONICS, 2022-2030 (IN $ MILLION)
FIGURE 16: NORTH AMERICA ALUMINUM MARKET, BY FOIL & PACKAGING, 2022-2030 (IN $ MILLION)
FIGURE 17: NORTH AMERICA ALUMINUM MARKET, BY OTHER END-USERS, 2022-2030 (IN $ MILLION)
FIGURE 18: NORTH AMERICA ALUMINUM MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)
FIGURE 19: UNITED STATES ALUMINUM MARKET, 2022-2030 (IN $ MILLION)
FIGURE 20: CANADA ALUMINUM MARKET, 2022-2030 (IN $ MILLION)
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