US Aluminum Market to Grow at a Splendid Pace

The primary aluminum industry in the United States is projected to grow at a CAGR of around 12% during 2011-2013, says RNCOS in its latest research report.

According to our research report “US Aluminum Market Analysis”, the aluminum market in the United States is gaining momentum to recover its growth pattern and is expected to grow stupendously in the coming years. Aluminum is extensively used as a finished product in the U.S., specifically in the packaging, transportation, and construction industries. Moreover, it has been found that, aluminum usage in green cars is increasing compared to other cars in the automotive sector. Hybrid cars need light metal, like aluminum, which helps in reducing the body weight and improves the mileage of the vehicle.

Eco-friendly nature of ‘Green cars’ and favorable government policies in the form of tax breaks and incentives will trigger the ‘Green car’ sales in the country. Advancement in the ‘Green car’ industry indicates that much of the production will be in lightweight segment, which will boost the aluminum usage in the industry. Additionally, aluminum is playing a significant role in the US economy as aluminum applications are also being expanded in the aerospace, infrastructure, and defense industries. Moreover, it is anticipated that, the primary aluminum industry will grow at a CAGR of around 19% during 2011-2013.

Our report also contains information about the production of primary & secondary aluminum, and the recycling rate of aluminum beverage cans. The recycling rate of aluminum beverage cans topped the chart in 2010, which shows that aluminum recycling industry will play a major role in near future. Our research indicates that the aluminum use in green building industry will surge in coming years as more and more people are looking forward for environment safety. Besides the automobile and construction industry, aluminum demand is growing in the aerospace industry in aircrafts and missiles due to its light weight property.

“US Aluminum Market Analysis” is an outcome of extensive research and detail study of the aluminum industry in the United States.