United States and Canada Alumina Market by Segmentation type— Global Forecast to 2032
According to a research study conducted by Future Market Insights on the United States and Canada alumina market, demand for alumina is to reach a valuation of US$ 3,324.8 million by 2022. Robust domestic demand for defense and military equipment, tanker pumps, naval vessel components, and munitions hoist components is projected to drive growth in the United States and Canada alumina market. The market is estimated to be valued at US$ 5,491.3 million in 2032.
Aluminum is considered to be the primary raw material for a wide range of industries, especially for automotive, aerospace, and defense sectors. During World Wars I and II, about 90% of USA aluminum production went into defense and military uses.
The metal remains essential to several components of modern warfare and owing to this, there is a high demand for alumina for the production of aluminum. There will hence be huge demand for aluminum production across the country. Canada’s aluminum production is mainly exported to the USA and it is projected to further create a lucrative opportunity for alumina production in the United States and Canada during the ****essment period.
Competitive Landscape: United States and Canada Alumina Market
The market for alumina across the USA and Canada is set to be a consolidated industry, where key players are anticipated to hold a prominent share. Few of the renowned manufacturers in the market include REFRACTRON TECHNOLOGIES CORP., USA Electrofused Minerals, Inc., Washington Mills North Grafton, Inc., Great Lakes Minerals, LLC, Calix Ceramic Solutions, Illinois Valley Minerals (IVM), Cer-Met, Inc., Aluchem of Little Rock and Metal Exchange Corporation., and Nature Works LLC among others.
Key players are focusing on expanding their production capacities to improve their geographic footprint all over the globe, as well as to compete with their rivals. Few of the key companies are aiming to invest huge sums in alumina production backed by a significant surge in terms of demand from the automotive and defense industries.
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United States and Canada Alumina Market Outlook by Category
By Grade:
Metallurgical Grade
Refractory Grade
Grinding Grade
Others
By Application:
Aluminum Production
Abrasives
Ceramics
Refractories
Others
By Country:
United States
Canada
More Insights into the USA and Canada Alumina Market Report
In its latest report, Future Market Insights offers an unbiased ****ysis of the United States and Canada alumina market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022 to 2032. To understand the United States and Canada market potential, growth, and scope, the market is segmented based on grade, application, and region.
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