North America Aluminium Market is expected to reach USD 38.71 billion by 2030

The increasing utilization of aluminium in numerous industries and automotive manufacturing sector's presence are driving up demand for the North America Aluminium Market during the forecast period.

North America Aluminium Market size was valued at USD 25.92 billion in 2023, and is predicted to reach USD 38.71 billion by 2030, with a CAGR of 5.2% from 2024 to 2030, according to new research by Next Move Strategy Consulting.

In the U.S., aluminum is in high demand for industries such as automotive, aerospace, construction, and packaging. We import a lot of aluminum to meet the needs of products including vehicles, planes, buildings, and consumer goods. The focus on renewable energy, such as solar power, and the rise of electric vehicles also boosts the market, since aluminum is crucial for these industries too.

However, the aluminium industry is affected by environmental regulations and sustainability requirements such as emissions control, waste management, and energy efficiency targets, which can increase operational costs and pose challenges for some producers.

Compliance with stringent emissions standards, waste management regulations, and energy consumption targets can require significant investments and efforts to reduce the environmental impact of aluminium production.

These sustainability measures aim to minimize emissions, promote responsible waste management, and encourage energy efficiency. While these regulations are essential to promote a greener and more sustainable industry, they can add to the overall costs and complexities of aluminium production.

On the other hand, the increasing emphasis on sustainable packaging is expected to create ample growth opportunities for the market in the future. Aluminium is well-suited for applications such as cans, bottles, and foils, benefiting from its recyclability and ability to maintain product quality and freshness.

Eco-conscious consumers and brands seeking to minimize their environmental impact prefer aluminium as a preferred choice. By opting for aluminium packaging, they reduce waste and promote sustainability, aligning with their commitment to a greener future. This growing demand for sustainable packaging solutions drives the growth of the aluminium market.

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According to the report, leading players in the North America Aluminium Market include Aluminium Corporation of China Limited (CHALCO), Hindalco Industries Ltd., Norsk Hydro ASA, China Hongqiao Group Limited, United Company RUSAL PLC, Rio Tinto, East Hope Group Company Limited, Xinfa Group Co., Ltd., Alcoa Corporation, and Arconic Inc., Emirates Global Aluminium PJSC, Vedanta Aluminium and Power, Ma’aden, South32, and Century Aluminium Company.

Key Insights from the North America Aluminium Market Report:

• The information related to key drivers, restraints, and opportunities and their impact on the North America Aluminium Market is provided in the report.

• The value chain analysis in the market study provides a clear picture of the roles of each stakeholder.

• The market share of players in the North America Aluminium Market is provided in the report along with their competitive analysis.

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