PRZOOM - /newswire/ -
London, United Kingdom, 2008/04/01 - Report Buyer has added a new report which finds that the U.S. aluminium market is expected to grow by volume by 210,000 Metric Tons (nearly 9%) during 2007-2011.
Report Buyer, the online destination for business intelligence for major industry sectors, has added a new report which finds that the U.S. aluminium market is expected to grow by volume by 210,000 Metric Tons (nearly 9%) during 2007-2011.
The report, "US Aluminum Market Analysis” finds that factors like enhanced energy supply capacity, new cost efficient production technologies and government support have helped drive the market.
Analysts say that the U.S. aluminum industry is the world's largest single producer of primary aluminum. The US industry operates over 300 plants in 35 states, produces more than 23 billion pounds of metal annually, and employs over 145,000 people with an annual payroll of about US$ 5 billion.
The study says aluminum is one of the few products and industries left in America that truly impacts every community in the country, either through physical plants and facilities, recycling, heavy industry, or consumption of consumer goods.
Authors of the report say that market demand is largely fueled by the need for aluminum by various industry sectors, particularly transport and packaging sector and that the aluminum consumption market is highly relied on imported aluminum.
The publication notes that aluminum is chiefly imported from a number of countries, such as Canada, Russia, China and Mexico, where the cost of production is relatively lower. This makes imported aluminum cost effective, thereby posing a significant challenge for the domestic producers.
"US Aluminum Market Analysis” analyses the various drivers and challenges impacting the market including the influence of the automobile market.
"US Aluminum Market Analysis” is available from Report Buyer. For more information, see website.
Report Buyer product ID: RCS00338
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