Industry Analysis & Industry Trends
Over the past five years, revenue for the Aluminum Manufacturing industry has fluctuated dramatically due to volatile aluminum prices and worldwide demand. Revenue surged over 2011 as aluminum prices spiked in response to rebounding postrecession demand, particularly from emerging markets. However, as growth slowed in emerging economies and remained uncertain in developed countries, aluminum prices started to deteriorate in 2012, with overall annualized revenue declining over the five years to 2016. Despite these challenges, the industry is poised for strong recovery and organic growth over the next five years, in which revenue is forecast to increase, strengthened by demand from downstream manufacturing and costruction industries.
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Industry Report - Industry Products Chapter
The Aluminum Manufacturing industry produces a variety of upstream and downstream aluminum products, such as alumina and finished aluminum sheet and foil. Aluminum is lightweight, ductile, corrosion resistant, highly conductive and recyclable, making it useful in a variety of applications. For instance, due to its high strength-to-weight ratio, aluminum is widely used as an alternative to steel in transportation applications.
Primary aluminum is expected to account for the majority of industry revenue, generating 69.7% of the total. According to the Mining Association of Canada (MAC), Canada ranks third in primary aluminum production globally, having produced roughly 3.0 million tonnes of primary aluminum in 2015... purchase to read more