NAICS 331314 - Secondary Smelting and Alloying of Aluminum
This U.S. industry comprises establishments primarily engaged in (1) recovering aluminum and aluminum alloys from scrap and/or dross (i.e., secondary smelting) and making billet or ingot (except by rolling) and/or (2) manufacturing alloys, powder, paste, or flake from purchased aluminum.
Industry trends:
NAICS 331314, Secondary Smelting and Alloying of Aluminum, is seeing several qualitative trends that are shaping the industry. Sustainability and environmental regulations are having a significant impact, with companies increasingly focusing on reducing their carbon footprint and adopting eco-friendly practices. This trend is driven by both regulatory pressures and consumer demand for green products. Efforts to improve energy efficiency in smelting processes and the utilization of renewable energy sources are becoming more prevalent.
Technological advancements are another critical trend, with innovations in smelting technology improving efficiency and quality. Automation and digitization are also gaining traction, aiming to enhance operational efficiency and reduce labor costs. Companies are leveraging data analytics and IoT (Internet of Things) for predictive maintenance and to optimize production processes.
Looking forward, the market is expected to see moderate growth driven by increasing demand from the automotive and construction sectors. With the push toward electric vehicles (EVs), the demand for lightweight materials like aluminum is projected to rise. Furthermore, geopolitical factors such as trade policies and tariffs will continue to play a role in shaping the industry's landscape.
Overall, the secondary smelting and alloying of aluminum industry is poised for growth but will need to navigate environmental, technological, and geopolitical challenges proactively.
This industry is comprised of:
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.