Nonferrous Metal Rolling & Alloying in the US - Market Research Report (2014-2029)
New York, United States
Last Updated: July 2024
NAICS 33149Revenue
$16.2bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
24,158
Businesses
2,013
Wages
$X.Xbn
Nonferrous Metal Rolling & Alloying in the US industry analysis
The Nonferrous Metal Rolling and Alloying industry includes companies that process and manufacture products made of titanium, nickel, lead, precious metals, zinc and other nonferrous metals, excluding aluminum and copper. The industry manufactures metal products in various forms, including sheet, plate, bar, wire, alloys or blends of nonferrous metals to create enhanced products. Nonferrous metal products are used in various industrial applications, including oil and gas extraction. The aerospace and defense industry also uses advanced alloy products to produce jet engines and airframes. Large buying industries often rely on nonferrous metals' strength and high durability, lowering the threat of substitutes. This makes revenue and profit easily influenced by demand from downstream sectors and movements in the prices of essential input materials.
Trends and Insights
- Rebounding demand for the aerospace sector benefits metal processors. As travel activity continues to grow, airlines will be more inclined to purchase new aircraft, boosting titanium sales.
- The aerospace market generates the most revenue. This trend will strengthen over the coming years as travel activity bounces back and airlines purchase new planes.
- Metal processors remain near key downstream markets. Processors near the Great Lakes benefit from lower transportation costs and better relationships with key markets.
- Strong import penetration threatens demand for domestic producers. Lower production costs enable foreign manufacturers to offer lower prices, harming domestic metal producers.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 2.1 % over the past five years, to reach an estimated $16.2bn in 2024.
Trends and Insights
The aerospace sector dominates the industry
- Nonferrous metal components are used in constructing aircraft, oil and gas extraction machinery, batteries for automobiles and consumer electronics.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
The energy sector will weaken
- Oil prices will drop as macroeconomic conditions stabilize. Falling oil prices will harm nonferrous metal processors by reducing energy sector demand. As the country continues moving toward more eco-friendly and sustainable energy sources, demand from the energy sector will weaken.
Biggest companies in the Nonferrous Metal Rolling & Alloying in the US
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Precision Castparts Corp | 1,633.5 | 92.2 | 5.6 | |
Allegheny Technologies Incorporated | 1,122.3 | 131.1 | 11.7 | |
Carpenter Technology Corporation | 1,012.0 | 1.4 | 0.1 |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Titanium and titanium-based alloy products, Nickel and nickel-based alloy products and Primary precious metal mill shapes. Titanium and titanium-based alloy products is the largest segment of the Nonferrous Metal Rolling & Alloying in the US.
Trends and Insights
Demand for precious metals grew amid the pandemic
- Demand for precious metals grew during the pandemic, as many consumers purchased gold and silver as safe-haven investments. Input price increases boosted purchase costs. However, strong demand for precious metals enabled them to pass down cost increases to buyers, boosting revenue and supporting profitability.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Iron & Steel Manufacturing in the US
- Steel Rolling & Drawing in the US
Complementors
- Aluminum Manufacturing in the US
- Nonferrous Metal Refining in the US
- Copper Rolling, Drawing & Extruding in the US
- Nonferrous Metal Foundry Products Manufacturing in the US
International industries
- Nonferrous Metal Rolling & Alloying in Canada
- Non-Ferrous Metal Casting in Australia
- Iron and Steel Smelting in China
Table of Contents
About this industry
Industry definition
Companies in the Nonferrous Metal Rolling and Alloying industry produce semifabrications from nonferrous metals, except copper and aluminum. Primarily, they roll, draw, extrude and alloy shapes from purchased nonferrous metal. Companies also recover nonferrous metals and alloys from scrap.
What's included in this industry?
Titanium and titanium-based alloy productsNickel and nickel-based alloy productsPrimary precious metal mill shapesOther primary and secondary nonferrous metalZinc-based alloysNonferrous metal powders, paste and flakesSecondary precious metal and precious metal alloysCompanies
Precision Castparts CorpAllegheny Technologies IncorporatedCarpenter Technology CorporationPurchase this report to view all 3 major companies in this industry.
Related Terms
NONFERROUS METALSROLLINGDRAWINGEXTRUDINGALLOYINGSEMIFABRICATIONINGOTPRIMARY MANUFACTURESECONDARY MANUFACTUREIndustry Code
NAICS 33149 - Nonferrous Metal Rolling & Alloying in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Rebounding demand for the aerospace sector benefits metal processors. As travel activity continues to grow, airlines will be more inclined to purchase new aircraft, boosting ...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
The aerospace market generates the most revenue. This trend will strengthen over the coming years as travel activity bounces back and airlines purchase new planes.
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Metal processors remain near key downstream markets. Processors near the Great Lakes benefit from lower transportation costs and better relationships with key markets.
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
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.
Analyst insights
Strong import penetration threatens demand for domestic producers. Lower production costs enable foreign manufacturers to offer lower prices, harming domestic metal producers...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Manufacturers serving the aerospace sector benefit from rebounding demand. Growing demand for travel activity boosts airline sales, creating a need for new aircraft.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Precision Castparts Corp's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Allegheny Technologies Incorporated's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Carpenter Technology Corporation's performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for Precision Castparts Corp, and factors influencing its performance in the industry
- Description and key data for Allegheny Technologies Incorporated, and factors influencing its performance in the industry
- Description and key data for Carpenter Technology Corporation, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Demand from aircraft manufacturers will continue growing. Following severe pandemic-related losses, airlines have faced a boom in airfare sales, boosting demand for new aircr...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Heightened other costs have hampered profit. Nonetheless, higher input prices, which in turn boost downstream prices and elevated demand for metal products will boost profita...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
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:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Nonferrous Metal Rolling & Alloying in the US industry in United States in 2024?
The market size of the Nonferrous Metal Rolling & Alloying in the US industry in United States is $16.2bn in 2024.
How many businesses are there in the Nonferrous Metal Rolling & Alloying in the US industry in 2024?
There are 2,013 businesses in the Nonferrous Metal Rolling & Alloying in the US industry in United States, which has declined at a CAGR of 0.8 % between 2019 and 2024.
Has the Nonferrous Metal Rolling & Alloying in the US industry in United States grown or declined over the past 5 years?
The market size of the Nonferrous Metal Rolling & Alloying in the US industry in United States has been declining at a CAGR of 2.1 % between 2019 and 2024.
What is the forecast growth of the Nonferrous Metal Rolling & Alloying in the US industry in United States over the next 5 years?
Over the next five years, the Nonferrous Metal Rolling & Alloying in the US industry in United States is expected to grow.
What are the biggest companies in the Nonferrous Metal Rolling & Alloying in the US market in United States?
The biggest companies operating in the Nonferrous Metal Rolling & Alloying market in United States are Precision Castparts Corp, Allegheny Technologies Incorporated and Carpenter Technology Corporation
What does the Nonferrous Metal Rolling & Alloying in the US in United States include?
Titanium and titanium-based alloy products and Nickel and nickel-based alloy products are part of the Nonferrous Metal Rolling & Alloying in the US industry.
Which companies have the highest market share in the Nonferrous Metal Rolling & Alloying in the US in United States?
The company holding the most market share in United States is Precision Castparts Corp.
How competitive is the Nonferrous Metal Rolling & Alloying in the US industry in United States?
The level of competition is high and increasing in the Nonferrous Metal Rolling & Alloying in the US industry in United States.
