Aluminum Manufacturing in the US - Industry Market Research Report

Foiled Again: Continued Volatility Will Likely Force Enterprises Out of the Industry

The Aluminum Manufacturing industry has endured significant volatility into 2023, mainly in response to fluctuations in aluminum prices, which reflect global supply and demand. While higher prices raise the cost of processing purchased aluminum, manufacturers pass cost increases onto customers, generating greater revenue. Over the past five years, aluminum prices have been particularly volatile, caused by changing international trade policies and pandemic-related effects on production. The industry has declined at a CAGR of 2.7% to $44.1 billion, including a 4.1% decline in 2023 alone. Profit has also fallen to 4.7% as wage pressures increase. Companies in this industry refine aluminum-bearing bauxite into alumina, smelt alumina to produce aluminum and manufacture aluminum products such as alloys, plate, sheet, foil and extrusions. The industry also includes companies that recover aluminum from scrap. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.