Industry Analysis & Industry Trends
Weakened demand and prices for aluminum have led industry output to decline over the past five years. Over the next five years, the Aluminum Manufacturing industry will benefit from rising investment in new structures, machinery and equipment that use aluminum inputs. In addition, increasing fuel and emissions standards from the Canadian and US governments will further reinforce demand for aluminum in automotive and aerospace applications. Moreover, improvements in the US construction sector in coming years will help bolster export sales. Strengthening demand for aluminum worldwide will support higher prices for aluminum, bolstering industry revenue... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Aluminum Manufacturing industry is in the mature stage of its life cycle, demonstrated by its growth in line with the overall economy, consolidation and well-established products and markets. Industry value added (IVA), or contribution to the overall economy, is forecast to rise at an annualized rate of 1.9% over the 10 years to 2019. In comparison, Canada's GDP is projected to grow at an average annual rate of 2.3% over the same period. Growth in line with the overall economy is indicative of a mature industry.
The industry is expected to continue consolidating in coming years as the largest aluminum manufacturers acquire smaller operators to increase economies of scale and market share... purchase to read more