2023 U.S. Industry Statistics & Market Forecast - Nonferrous Metal Rolling, Drawing, Extruding & Alloying

Published: December 2023

Industry Insights

The Nonferrous Metal Rolling, Drawing, Extruding & Alloying industry is currently experiencing several noteworthy trends that are impacting its performance in diverse ways. Firstly, technological advancements are increasingly allowing metal processing equipment manufacturers to produce technologically advanced machines that have increased precision and efficiency compared to previous generations. This technology advancement trend is further supported by industry players who are now investing in advanced software and automation technologies that improve quality control, waste reduction, and energy efficiency.

Secondly, there is a growing concern about environmental sustainability among consumers and the general public, which has led to increased demand for eco-friendly products. The Nonferrous Metal Rolling, Drawing, Extruding & Alloying industry is responding by developing and producing more sustainable products using recycled scrap metals and other sustainable manufacturing materials.

Thirdly, the emergence of digital platforms and the adoption of online business models are providing new opportunities for companies in this industry to increase their global reach and penetration. This trend has created an opportunity for smaller companies and startups to penetrate the market and compete more effectively on price and product quality.

Lastly, increasing competition from other materials such as composites, plastics, and ceramics is slowly eroding the market share for nonferrous metals. Industry players are responding by increasing their innovation efforts and leveraging their technological capabilities to produce products that meet the requirements of modern applications. In summary, the Nonferrous Metal Rolling, Drawing, Extruding & Alloying industry is undergoing significant changes and trends that require companies to remain agile and adaptive to remain competitive.

U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

	Industry Average	Percent of Sales (Industry Benchmark)
Total Revenue	Order at top of page
Operating Revenue
Cost of Goods Sold
Gross Profit
Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit Net Income

Source: AnythingResearch Analysis of U.S. federal statistics

Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

Title	Percent of Workforce	Bottom Quartile	Average (Median) Salary	Upper Quartile
Management Occupations	6%	Order at top of page
Chief Executives	0%
General and Operations Managers	2%
Architecture and Engineering Occupations	5%
Office and Administrative Support Occupations	8%
Installation, Maintenance, and Repair Occupations	8%
Other Installation, Maintenance, and Repair Occupations	7%
Production Occupations	55%
Supervisors of Production Workers	5%
First-Line Supervisors of Production and Operating Workers	5%
First-Line Supervisors of Production and Operating Workers	5%
Assemblers and Fabricators	6%
Metal Workers and Plastic Workers	32%
Forming Machine Setters, Operators, and Tenders, Metal and Plastic	12%
Extruding and Drawing Machine Setters, Operators, and Tenders, Metal and Plastic	10%
Metal Furnace Operators, Tenders, Pourers, and Casters	6%
Metal-Refining Furnace Operators and Tenders	5%
Multiple Machine Tool Setters, Operators, and Tenders, Metal and Plastic	5%
Multiple Machine Tool Setters, Operators, and Tenders, Metal and Plastic	5%
Other Production Occupations	11%
Transportation and Material Moving Occupations	7%
Material Moving Workers	6%

Source: Bureau of Labor Statistics

Nonferrous Metal Rolling, Drawing, Extruding & Alloying Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Nonferrous Metal Rolling, Drawing, Extruding & Alloying industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Nonferrous Metal Rolling, Drawing, Extruding & Alloying industry and adjacent sectors:

Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry	Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries
Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.	Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Nonferrous Metal Rolling, Drawing, Extruding & Alloying industry.

Executive Briefings

The titanium metals industry is a highly-competitive and cyclical global business. Titanium competes with other materials, including certain stainless steel, other nickel-based high-temperature and corrosion resistant alloys, newer aluminum alloys, and composites. A metal manufacturing company with rolling and finishing facilities could participate in the mill product segment of the industry, although it would either need to acquire intermediate product from an existing source or further integrate to include vacuum melting and forging operations to provide the starting stock for further rolling. In addition, many end-use applications, especially in the aerospace industry, require rigorous testing, approvals, and customer certification prior to purchase, which requires a manufacturer to expend significant time and capital and possess extensive technical expertise, given the complexity of the specifications often required by customers.Consumers of titanium products in the aerospace industry tend to be very large and highly concentrated. Direct purchases from these companies and their families of subcontractors account for a majority of aerospace products manufactured for large commercial aerospace and defense applications.5 Producers of titanium mill products are primarily located in the U.S., Japan, Russia, Europe, and China. The Company participates directly in the titanium mill product business primarily through its Titanium Segment. The Company’s principal competitors in the aerospace titanium mill product market are Allegheny Technologies Incorporated (NYSE: ATI) and Precision Castparts Corporation (NYSE: PCP), both based in the United States, and Verkhnaya Salda Metallurgical Production Organization (RU: VSMO), based in Russia. The Company competes with these companies primarily on the basis of price, quality of products, technical support, and the availability of products to meet customers’ delivery schedules.The EP Rti International Metals

Government Contracts

In 2022, the federal government spent a total of $1,229,591,359 on Nonferrous Metal Rolling, Drawing, Extruding & Alloying. It has awarded 1612 contracts to 171 companies, with an average value of $7,190,593 per company.   

Most Recent Contracts	Date	Total Award Amount
HURLEN CORP 1650 Nw 66th Ave Plantation, FL	Jun 26, 2023	$3,155