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US Aluminum Industry to Grow Over 5.4% CAGR to 2013, Says RNCOS
At present, the US aluminum market is largely driven by automobile, construction, and packaging Industry. Use of aluminum in automobiles will keep on growing with increasing public demand for a greener environment and greater fuel efficiency that has forced policymakers to raise fuel economy standards, cut carbon dioxide emissions and enhance the use of aluminum in automobiles. Consequently, enabling the US aluminum industry to register a steady CAGR of 5.4% (in value terms) during 2009-2013, says RNCOS in its new research report US Aluminum Market Analysis.
Our industry experts have done thorough research on the US aluminum industry and has identified various decisive trends prevailing in the market, We have inferred that aluminum industry in the US is dominated by the top four players, accounting for nearly 80% of the market share, which gives rise to intense rivalry in the industry and calls for new market entrants to balance the aluminum demand-supply mechanism in the country.
According to the report, financial crisis will hamper the aluminum industry growth rate in 2009 amid slowdown in country automobile and construction industry. However, under the government stimulus plan, US$ 6.5 Billion will be granted to the aluminum sector so that more aluminum power transmission lines could be laid in the country, which will certainly work as a catalyst for triggering the aluminum demand in the country and will provide potential growth opportunities to existing and new market players.
With interest in "green" building increasing in the country, aluminum role in an array of building and construction applications is poised to grow, which could be attributed to aluminum recyclability, low weight, durability, and reflectivity. This will further boost the aluminum demand and will help industry to overcome the negative impacts of crisis.
Our report US Aluminum Market Analysis provides an extensive research and equitable analysis of the US aluminum market, its operations and future possibilities in the market. It evaluates past as well as present trends in the country aluminum market with respect to production, market value, consumption, price, etc. which facilitates deeper understanding of the market with a balanced economic approach. Report also provides forecasts on all relevant segments of the market, considering the impact of economic slowdown.
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