CLEVELAND, April 22, 2019 /PRNewswire/ -- US demand for aluminum is forecast to rise 1.1% per year in volume terms through 2023, according to Aluminum: United States, a report recently released by Freedonia Focus Reports. Increasing production of motor vehicles – along with higher aluminum loading rates per vehicle due to a shift in consumer preference toward larger vehicles, such as SUVs – will drive growth. A 1.7% yearly increase in real US construction expenditures will support expanding shipments of aluminum building products, further spurring gains. Finally, continued economic growth will support demand for – and by extension, shipments of – consumer products featuring aluminum packaging or aluminum components. Despite these positive trends, aluminum will continue to face competition from other materials – such as copper, steel, glass, and plastics – across each of its markets, restraining faster gains.
More information about the report is available at:
These and other key insights are featured in Aluminum: United States. This report forecasts to 2023 US aluminum demand and production in metric tons at the manufacturer level. Total demand is segmented by market in terms of:
- transport equipment
- containers and packaging
- building products
- other markets such as consumer durables, cookware, and machinery
Total demand in nominal US dollars is also forecast to 2023.
Total production is segmented by type as follows:
To illustrate historical trends, total demand, total production, the various segments, and trade are provided in annual series from 2008 to 2018.
To clarify industry terminology in the context of this report, bauxite is mined at mines, alumina is refined at refineries, and primary aluminum is produced at smelters. Aluminum refers to metallic aluminum and alloys thereof, and unless otherwise specified, does not include unprocessed aluminum scrap. Secondary aluminum includes aluminum produced from both new and old scrap. Re-exports of aluminum are excluded from demand and trade figures.
About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Materials & Chemicals reports can be purchased at Freedonia Focus Reports or MarketResearch.com.
Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:
- total historical market size and industry output
- segmentation by products and markets
- identification of market drivers, constraints, and key indicators
- segment-by-segment outlook in five-year forecasts
- a survey of the supply base
- suggested resources for further study
SOURCE The Freedonia Group