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The United States alumina market value reached USD 3.49 billion in 2023. The market is expected to grow at a CAGR of 4.9% during the forecast period of 2024-2032 and to reach around USD 5.37 billion by 2032.
Base Year
Historical Year
Forecast Year
United States Alumina Market Report Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical Period | USD Billion | 2018-2023 |
Forecast Period | USD Billion | 2024-2032 |
Market Size 2023 | USD Billion | 3.49 |
Market Size 2032 | USD Billion | 5.37 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 4.9% |
CAGR 2024-2032 - Market by Region | Far West | 5.7% |
CAGR 2024-2032 - Market by Region | Rocky Mountain | 5.3% |
CAGR 2024-2032 - Market by Type | Metallurgical Grade | 5.4% |
CAGR 2024-2032 - Market by End Use | Aluminum Production | 5.5% |
Market Share by Region | New England | XX% |
The growth of the United States alumina industry is driven by increasing product demand in aluminium production, where alumina acts as a starting material in the smelting of aluminium. The role of aluminium as a crucial material in diverse end-use industries including construction, automotive, aerospace, and defence, among others, supports alumina demand growth.
In the United States, aluminium is most widely consumed in the transportation sector, with construction and packaging as other significant end users. Besides its use in aluminium production, alumina also finds use as an active compound in chemical processing and serves as a starting material in a wide range of innovative ceramic applications.
The United States alumina market dynamics and trends are being driven by alumina's (aluminium oxide) essential role in industries such as aerospace, automotive, and construction due to its strength, durability, and resistance to corrosion. It is critical for aluminium production and is used in abrasives, ceramics, and refractories, enhancing the performance and longevity of industrial equipment with its high melting point and hardness.
In June 2024, the United States Census Bureau reported that construction spending reached a seasonally adjusted annual rate (SAAR) of USD 2,148.4 billion, slightly adjusting from the revised figure of USD 2,154.8 billion in May 2024. The stability in overall construction spending reflects continued investment in the sector, which is critical for the alumina market, given its application in various construction materials. Private construction maintained robust levels, with a SAAR of USD 1,664.6 billion in June 2024. Residential construction accounted for USD 928.0 billion of this spending, indicating consistent demand for building materials such as alumina used in cement, insulation, and other essential components of residential infrastructure. This steady performance highlights the sustained need for alumina, supported by ongoing housing developments. Non-residential construction, recorded at USD 736.6 billion in June 2024, remains a key driver for alumina consumption, particularly in commercial and industrial projects where aluminium, a product of alumina, is extensively used for structural and architectural purposes.
Further, in 2023, the United States automotive industry demonstrated its strength with the production of 4.9 million vehicles across nine key states, reflecting a robust manufacturing capacity concentrated in the southern and midwestern regions of the country. Alabama emerged as the leading state, producing 1,124,602 vehicles, significantly contributing to the national total. Indiana followed with 948,130 vehicles, while Tennessee secured the third spot with 529,691 vehicles, underscoring the strategic importance of these states in the national automotive supply chain and further boosting the United States alumina market revenue as, the prominence of these states in vehicle production aligns with their established infrastructure and skilled labour force, both critical factors in sustaining high output levels.
Tennessee's production of 529,691 vehicles highlights its pivotal role in the industry, particularly in the context of growing investments in green manufacturing. The state's focus on producing advanced technology vehicles (ATVs), including battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), aligns with broader industry trends towards sustainable and environmentally friendly transportation solutions. The commitment to producing 30 green vehicle models across the U.S. in 2023, including 4 BEV models and 5 PHEV models, signifies the industry's transition towards cleaner technologies, driving the United States alumina industry revenue, as it is expected to drive the demand for materials such as alumina, used in lightweight and energy storage applications.
Alcoa Corporation
Rusal
Norsk Hydro ASA
Rio Tinto
“United States Alumina Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
CAGR 2024-2032 - Market by | Type |
Metallurgical Grade | 5.4% |
Refractory Grade | 5.2% |
Calcined Grade | 4.7% |
Others | 4.4% |
Market Breakup by End Use
CAGR 2024-2032 - Market by | End Use |
Aluminum Production | 5.5% |
Refractories | 5.2% |
Ceramics | 5.0% |
Abrasives | 4.7% |
Others | 4.4% |
Market Breakup by Region
CAGR 2024-2032 - Market by | Region |
Far West | 5.7% |
Rocky Mountain | 5.3% |
Southwest | 5.1% |
Southeast | 4.8% |
New England | 4.6% |
Mideast | 4.2% |
Plains | 3.9% |
Great Lakes | 3.7% |
The United States alumina demand growth is boosted as aluminium production fosters economic development by generating jobs and contributing to GDP. It also stimulates technological progress for more efficient processing and enhances market stability by expanding its use across various industries, including automotive, aerospace, and construction.
Refractories improve the performance and durability of furnaces and kilns, ensuring safer and more dependable operations in harsh conditions. Additionally, they help reduce maintenance expenses by minimizing the frequency of repairs and replacements, resulting in more stable and cost-effective production processes driving the United States alumina market demand.
The companies specialise in aluminium production and is recognised for its innovation and commitment to sustainability.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the market reached an approximate value of USD 3.49 billion.
The market is projected to grow at a CAGR of 4.9% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032, reaching a value of around USD 5.37 billion by 2032.
The market is broken down into metallurgical grade, refractory grade, calcined grade, and others.
The competitive landscape consists of Alcoa Corporation, Rusal, Norsk Hydro ASA and Rio Tinto.
Based on the end use, the market is divided into aluminium production, refractories, ceramics, abrasives, and others.
The market is broken down into New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
Breakup by Type |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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