$16.5bn
$X.Xbn
10,312
110
$X.Xbn
Canadian aluminum manufacturers produce various aluminum products, ranging from alumina to finished aluminum sheets and foil. Aluminum is lightweight, ductile, corrosion-resistant, highly conductive and recyclable, making it useful in various applications. For instance, aluminum sheets are a major input into automobiles and airplanes, while aluminum foil and rolled sheets are commonly used in containers and packaging material. The United States accounts for nearly all exports, making domestic manufacturers highly dependent on international trade. Aluminum Manufacturing industry revenue has been expanding at a CAGR of 2.3% over the past five years and is expected to total $16.5 billion in 2024 when revenue will jump by an estimated 1.7%. This growth can be mainly attributed to rising aluminum prices and exports. Profit has remained stable over the past five years as lower labour fees have been offset by an increase in purchase costs.
Industry revenue has grown at a CAGR of 2.3 % over the past five years, to reach an estimated $16.5bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Rio Tinto | 3,333.9 | 856.0 | 25.7 | |
Aluminerie Alouette | 1,358.7 | 145.5 | 10.7 | |
Alcoa | 1,226.1 | 79.7 | 6.5 |
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Industry revenue is measured across several distinct product and services lines, including Primary aluminum, Alumina and Secondary aluminum. Primary aluminum is the largest segment of the Aluminum Manufacturing in Canada.
Primary aluminum continues to be the most popular segment
The Aluminum Manufacturing industry in Canada converts or aids in the conversion of the aluminum-bearing ore bauxite into products such as alumina, primary aluminum ingots and rolled or drawn aluminum products, including plate, sheet, foil and extrusions. The industry also includes operators that recover aluminum from scrap, which is more commonly known as secondary aluminum manufacturers.
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NAICS 33131 - Aluminum Manufacturing in Canada
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Aluminum prices are highly correlated with the aluminum manufacturing industry’s performance. As aluminum prices increase, revenue tends to follow since manufacturers can sel...
Learn about an industry's products and services, markets and trends in international trade.
Primary aluminum is the largest product segment since many downstream markets can use this form of aluminum. Primary aluminum can also undergo an extrusion process, making it...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Proximity to the United States is important. Since the United States represents the largest foreign market, having manufacturing facilities near the border may save on transp...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Several tiers of products enable competition among manufacturers. Although the largest product segment is primary aluminum, smaller manufacturers can succeed in the industry ...
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Machine improvements and emission reduction have been the two main focus areas for companies in this industry. Machine improvements will allow manufacturers to decrease costs...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Trade agreements are vital for manufacturers’ success. Since trade is an integral part of the industry, having free trade agreements, such as the USMCA, is vital to keep cost...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Aluminum prices influence a manufacturer’s profit. Increased prices enable aluminum manufacturers to sell the final product in tandem with the current market rate.
Including values and annual change:
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Key data sources in Canada include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Aluminum Manufacturing industry in Canada is $16.5bn in 2024.
There are 110 businesses in the Aluminum Manufacturing industry in Canada, which has declined at a CAGR of 1.1 % between 2019 and 2024.
The market size of the Aluminum Manufacturing industry in Canada has been growing at a CAGR of 2.3 % between 2019 and 2024.
Over the next five years, the Aluminum Manufacturing industry in Canada is expected to grow.
The biggest companies operating in the Aluminum Manufacturing market in Canada are Rio Tinto, Aluminerie Alouette and Alcoa
Primary aluminum and Alumina are part of the Aluminum Manufacturing industry.
The company holding the most market share in Canada is Rio Tinto.
The level of competition is high and steady in the Aluminum Manufacturing industry in Canada.