RNCOS Releases a New Report- US Aluminum Market Analysis
Released on: July 29, 2008, 4:51 am
Press Release Author: Shushmul Maheshwari
Press Release Summary: RNCOS has recently added a new Market Research Report titled, \"US Aluminum Market Analysis\" to its report gallery. The report is an elaborate study of the aluminum market in the US.
Press Release Body: RNCOS has recently added a new Market Research Report titled, \"US Aluminum Market Analysis\" to its report gallery. The report is an elaborate study of the aluminum market in the US. It rationally discusses the past and current performance of the market and looks into its future prospects. This report helps the clients to analyze the trends and the developments in the US aluminum market vis-à-vis the global scenario.
The US aluminum industry depends on a variety of economic factors and its future performance is difficult to predict. The forecast given in this report is not based on a complex economic model, but is intended as a guide to the direction in which the market is likely to move.
For our research purpose, the market has been defined in terms of primary aluminum production.
In terms of both its positive economic and environmental impact, the aluminum industry remains one of the most significant success stories nationally as well as internationally. Due to its benefit, the aluminum industry will shine in future. The global consumption of aluminum products, both upstream and downstream, is expected to double by 2020 annually.
The aluminum industry of the US is the world\'s largest single producer of primary aluminum. The US industry operates over 300 plants in 35 states, produces more than 23 Billion pounds of metal annually, and employs over 145,000 people with an annual payroll of about US$ 5 Billion. Aluminum is one of the few products and industries left in America that truly impacts every community in the country, either through physical plants and facilities, recycling, heavy industry, or consumption of consumer goods.
- By volume, the US aluminum industry is projected to grow by 210,000 Metric Tons (nearly 9%) during 2007-2011, attributed to enhanced energy supply capacity, new cost efficient production technologies and government support. - Market demand is largely fueled by the need for aluminum by various industry sectors, particularly transport and packaging sector. - The aluminum consumption market is highly relied on imported aluminum. - Aluminum is chiefly imported from a number of countries, such as Canada, Russia, China and Mexico, where the cost of production is relatively less. This makes imported aluminum cost effective, thereby posing a significant challenge for the domestic producers. - Positive outlook for the construction industry in the US will definitely boost revenue growth of the aluminum industry. - The industry offers huge opportunities for production equipment manufacturers as it is projected to enlarge its production to meet out domestic consumption demand. - In spite of the lowering demand from automobile market, aluminum use in automobiles will continue to grow as aluminum content per vehicle is increasing.
This section provides an overview of the key facts and financial position of players like Alcoa Inc., Alcan Inc., Century Aluminum Company, Aleris International Inc. and Novelis Inc.
Key Issues & Facts Analyzed
- What are the trends in the US aluminum market with respect to market value, production, consumption, price etc? - What is import and export situation of aluminum in the country? - What is the cost of energy and labor in various US states? - What are the various avenues for growth for aluminum industry in the US? - What are the challenges associated with this industry?
Research Methodology Used
Information Sources Information has been sourced from books, newspapers, trade journals, and white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to more than 3000 paid databases.
Analysis Methods The analysis method includes ratio analysis, historical trend analysis, linear regression analysis using software tools, judgmental forecasting, and cause and effect analysis.
RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of industry experts who analyze data collected from credible sources. They provide industry insights and analysis that helps corporations to take timely and accurate business decision in today\'s globally competitive environment.
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