NAICS 33149 - Nonferrous Metal (except Copper and Aluminum) Rolling, Drawing, Extruding, and Alloying
This industry comprises establishments primarily engaged in one or more of the following: (1) recovering nonferrous metals (except copper and aluminum) and nonferrous metal alloys from scrap; (2) alloying purchased nonferrous metals (except copper and aluminum); (3) rolling, drawing, and extruding shapes from purchased nonferrous metals (except copper and aluminum); and (4) recovering nonferrous metals from scrap (except copper and aluminum) and rolling, drawing, or extruding shapes in integrated facilities.
Industry trends:
The nonferrous metal rolling, drawing, extruding, and alloying industry, classified under NAICS 33149, is currently experiencing several qualitative trends. One prominent trend is the increasing demand for lightweight and high-strength materials in various sectors such as automotive, aerospace, and electronics. This demand is driving innovations in alloy compositions and manufacturing processes to improve material properties while reducing weight.
Another significant trend is the growing emphasis on sustainability and environmental impact. Companies within this industry are increasingly focused on improving recycling processes and reducing emissions associated with production. This includes adopting green energy sources and improving the efficiency of metallurgical processes.
Technological advancement is also playing a crucial role, with the integration of digital twins, IoT (Internet of Things), and AI (Artificial Intelligence) to optimize production processes, predictive maintenance, and supply chain efficiency. These technologies help in reducing downtime and operational costs while achieving higher precision and quality.
Looking towards the near future, the industry is expected to witness steady growth driven by the resurgence of industrial activities post-pandemic and the ongoing infrastructural developments globally. Additionally, the rising shift toward electric vehicles (EVs) and renewable energy sectors will spur the demand for specialized nonferrous metals and alloys, such as lithium, nickel, and titanium, further boosting the market prospects.
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.