$45.4bn
$X.Xbn
54,949
757
$X.Xbn
The Aluminum Manufacturing industry has endured significant volatility, 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. Aluminum Manufacturing industry revenue has inched downward at a CAGR of 0.3% over the past five years and is expected to total $45.4 billion in 2024, when revenue will fall by an estimated 0.1%. Profit has also dropped amid heightened input cost volatility.
Industry revenue has declined at a CAGR of 0.3 % over the past five years, to reach an estimated $45.4bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Novelis Inc. | 7,436.7 | 259.7 | 3.5 | |
Arconic Corporation | 6,650.4 | 498.2 | 7.5 | |
Kaiser Aluminum Corporation | 3,150.0 | 118.0 | 3.7 |
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Industry revenue is measured across several distinct product and services lines, including Alumina, Primary aluminum and Secondary aluminum. Alumina is the largest segment of the Aluminum Manufacturing in the US.
Various markets use aluminum sheets, plates and foils
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.
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NAICS 33131 - Aluminum Manufacturing in the US
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 sales are significantly influenced by the performance of the automotive and construction sectors, which are major metal consumers. A downturn in the automotive marke...
Learn about an industry's products and services, markets and trends in international trade.
The automotive, aerospace and construction markets significantly influence sales. However, these industries can swiftly switch to alternative materials, such as steel and the...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Manufacturers strategically position themselves near key buyers to minimize transportation costs and ensure timely deliveries. The Great Lakes and West regions are prime loca...
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.
Aluminum's popularity over steel stems from its lightweight and malleable nature, enhancing vehicle fuel efficiency. This metal reduces the overall weight of cars and airplan...
Learn about the performance of the top companies in the industry.
Novelis and Arconic have achieved substantial market share by providing a diverse range of high-quality products and ensuring timely deliveries. Their operations span multipl...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Protective tariffs benefit the aluminum manufacturing industry significantly. They help stabilize the market by reducing competition from cheaper foreign imports. These tarif...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Manufacturers often enter long-term supply agreements to mitigate the risks associated with volatile raw material prices. This stability allows them to maintain profitability...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Aluminum Manufacturing in the US industry in United States is $45.4bn in 2024.
There are 757 businesses in the Aluminum Manufacturing in the US industry in United States, which has declined at a CAGR of 2.3 % between 2019 and 2024.
The market size of the Aluminum Manufacturing in the US industry in United States has been declining at a CAGR of 0.3 % between 2019 and 2024.
Over the next five years, the Aluminum Manufacturing in the US industry in United States is expected to grow.
The biggest companies operating in the Aluminum Manufacturing market in United States are Novelis Inc., Arconic Corporation and Kaiser Aluminum Corporation
Alumina and Primary aluminum are part of the Aluminum Manufacturing in the US industry.
The company holding the most market share in United States is Novelis Inc..
The level of competition is high and steady in the Aluminum Manufacturing in the US industry in United States.