North America Aluminum Market Market Growth Forecast | Report 2025

PORTLAND, OR, UNITED STATES, November 18, 2024 /EINPresswire.com/ -- The Allied Market Research report on the North America aluminum market provides a comprehensive analysis of the competitive scenario, which helps leading companies boost their market share and stay ahead of their rivals. It incorporates SWOT analysis and Porter's Five Forces model to assess the competitive landscape of the industry. It also identifies key investment opportunities, focusing on their CAGR and market reach. Furthermore, it offers a deep overview of the top industry players, their economic upsurge, and market dominance. As per the market analysis, the industry is anticipated to garner a revenue of $17,995.6 million by 2023, exhibiting a noteworthy CAGR of 5.1% during the forecast period. In 2015, the market was worth $12,076.0 million.

Analysis of Market Dynamics

The report analyzes the North America aluminum market's growth potential, demographics, and applicability over the study period. This analysis contributes to the assessment of the market size and provides details about various factors for understanding how the market is expected to boost revenue throughout the projection period. Moreover, the industry is gaining momentum due to the growth of the transportation sector, technological advancements, and expanding applications across various sectors. However, rising competition from alternatives hampers the growth to some extent. Nevertheless, the increased use of recycled aluminum products presents promising opportunities for expansion in the coming years.

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Key Players and Strategic Insights

The AMR report highlights the leading companies in the North America aluminum market, focusing on their strategic initiatives such as collaborations, partnerships, new product launches, mergers and acquisitions, and more. It also provides information on product offerings, operational divisions, and performance metrics. This study serves as a valuable resource for businesses and stakeholders to identify opportunities, refine strategies, and strengthen their market foothold.

Top companies covered in the report include:

Access Industries

United Company Rusal

Rio Tinto Alcan Inc.

Alcoa Corporation

Kaiser Aluminum

Norsk Hydro ASA

Century Aluminum Company

JW Aluminum Inc.

Arconic Inc.

Novelis Inc.

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Trends Shaping the North America Aluminum Industry

Increased demand for lightweight materials in the transportation sector

Major developments in the industry involve a growing demand for lightweight materials, especially in the automotive and aerospace sectors. Aluminum's lightweight properties offer significant benefits, such as better fuel efficiency and improved performance. To meet stricter fuel economy standards and emissions regulations, manufacturers are using aluminum to reduce vehicle weight without compromising safety and structural integrity.

For instance, leading automotive companies like Ford and General Motors have drastically incorporated aluminum into their vehicle designs. The Ford F-150, one of the best-selling trucks in North America, made headlines when it transitioned to an all-aluminum body in 2015. This change made the truck about 700 pounds lighter, resulting in better fuel efficiency and performance. Similarly, in the aerospace industry, companies like Boeing use aluminum in aircraft components to make them lighter and more fuel-efficient. The Boeing 787 Dreamliner features special aluminum-lithium alloys for this purpose.

Growing emphasis on sustainability through recycled aluminum

Another significant trend shaping the North America aluminum industry is the increasing focus on sustainability, through the use of recycled aluminum. The aluminum recycling process needs only a fraction of the energy to manufacture new aluminum from raw materials, thereby making it an environmentally friendly option.

For example, Novelis, a global leader in aluminum production and recycling, has implemented advanced recycling methods, enabling it to recycle 80% of the aluminum produced. The company has also committed to producing its beverage cans from 100% recycled aluminum by 2030. This commitment helps it achieve sustainability goals and meet the rising demand from consumers and brands seeking recycled materials. In addition, brands such as Coca-Cola plan to use 50% recycled aluminum in their cans by 2030, further promoting sustainable packaging solutions and materials.

To sum up, the AMR report offers a holistic overview of various aspects of the landscape, delivering valuable data and insights that help businesses and stakeholders maintain a competitive edge. It highlights key growth drivers, emerging trends, and strategic insights, enabling organizations to effectively plan for robust business growth.

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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Allied Market Research
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