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 Key Buyers Chapter
The Aluminum Manufacturing industry in Canada is highly concentrated, with the top four operators expected to account for 81.1% of revenue in 2016. This is largely due to the dominance of industry leader Rio Tinto Alcan, which has an estimated market share of 50.8% in 2016. Over the past five years, market share concentration has slightly increased due to exceptionally volatile operating conditions, which forced a number of smaller companies within the fabricated aluminum segment out of business. While large-scale manufacturers exist and dominate the industry as a whole, most operators are small-scale producers (e.g. mills that primarily manufacture rolled aluminum products) serving local and regional markets... purchase to read more