US Aluminum Industry to Grow Over 5.4%

Currently, the U.S. aluminum market largely driven by the automobile, construction and packaging industries. The use of aluminum in cars will keep on growing with the increasing public demand for a greener environment and better fuel economy that has forced policy makers to raise fuel economy standards, reduce carbon dioxide emissions and increasing use of aluminum in cars. Therefore allows the U.S. aluminum industry to record a steady CAGR of 5.4% (by value) in the period 2009-2013, says RNCOS in its new research report "U.S. Aluminum Market Analysis".

Our industry experts have done thorough research on the U.S. aluminum industry and has identified several key trends prevailing in the market, we infer that the aluminum industry in the U.S. is dominated by four players, which account for almost 80% market share, which gives rise to an intense rivalry in the industry, and calls for new market entrants to establish a balance between aluminum demand-supply mechanism in the country.

According to the report, the financial crisis inhibit aluminum industry growth rate in mid-2009 downturn in its automotive and construction industry. But under the government's stimulus plan will be U.S. $ 6.5 billion provided for aluminum sector so that more aluminum power transmission lines could be in the country which will certainly act as a catalyst for triggering aluminum demand in the country and will provide potential growth opportunities for existing and new entrants.

With interest in "green" building rising in the country, is aluminum's role in a variety of building and construction applications ready to grow, which could be attributed to aluminum's recyclables, low weight, durability and reflectivity. This will further strengthen aluminum demand and will help industry to overcome the negative consequences of the crisis.

Our report "U.S. Aluminum Market Analysis" provides extensive research and fair assessment of the U.S. aluminum market, its activities and future market opportunities. It assesses the past as well as current trends in the country's aluminum market in terms of production, market, consumption, price, etc., which facilitate deeper understanding of the market with a balanced economic approach. The report also provides forecasts for all relevant segments of the market, given the impact of the economic slowdown.