Navi Mumbai, Maharashtra India (PressExposure) June 14, 2011 -- The US aluminum industry is one of the world's largest producers of primary aluminum. Despite the fact that, the global economic crisis severely hit the US aluminum industry, the industry bounced back and sustained its production in 2010. The global slowdown had not only affected the supply of aluminum, it also forced the industry players to shift their production locations to places that offered lower operational costs.
According to our new research report "US Aluminum Market Analysis", the primary aluminum industry in the United States is projected to grow at a CAGR of around 12% during 2011-2013 to reach around US$ 8 Billion by 2013. Growth in the US aluminum industry is attributed to enhanced energy supply capacity, new cost efficient production technologies, and the government support.
Aluminum is widely used throughout the U.S. economy, particularly in the transportation, packaging, and construction industries. As a lightweight, high-strength, and recyclable structural metal, aluminum has and will continue to play an important role in the US economy as its applications are consistently being extended in the infrastructure, aerospace, and defense industries.
Moreover, the green building industry has witnessed growth despite recession, which will further boost the demand for aluminum. Furthermore, aluminum's role in an array of building and construction applications is poised to grow, due to aluminum's recyclability, low weight, durability, and reflectivity.
"US Aluminum Market Analysis" is an outcome of extensive research and thorough study of the US aluminum industry. The report discusses each of the consumption sectors in detail. Most importantly, it helps clients to get an idea about the direction, in which, the industry is likely to move in future. The report also analyzes future prospects of the aluminum industry and their impact on the US aluminum market. It also discusses the emerging industry trends, which will decide the future of the aluminum industry in the country.
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