DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Automotive Aluminum Market - Global Forecast to 2026" report to their offering.
The automotive aluminum market is projected to grow from USD 47.91 Billion in 2016 to USD 111.80 Billion by 2026, at a CAGR of 8.8% from 2016 to 2026. Increased demand for lightweight and efficient materials from the automotive industry is fueling the demand for automotive aluminum as it not only reduces weight of automobile components, but also of the complete body of automobiles by up to 50%.
The powertrain application segment led the automotive aluminum market in 2016, in terms of value. The growth of the powertrain application segment of the automotive aluminum market can be attributed to increased use of aluminum in automotive manufacturing in the North American and Asia-Pacific regions.
Among product forms, the cast aluminum segment accounted for the largest share of the automotive aluminum market in 2016. The growth of this segment of the automotive aluminum market can be attributed to increasing demand for lightweight components made of cast aluminum for engines and powertrains that improve both, fuel efficiency as well as overall dynamics of vehicles.
- Alcoa Inc. (Arconic Inc.)
- Aluminum Corporation of China Limited
- Amg Advanced Metallurgical Group
- Autoneum Holding AG
- Constellium N.V.
- Dana Holding Corporation
- Elringklinger AG
- Federal-Mogul Holding Corporation
- Norsk Hydro Asa
- Novelis, Inc.
- Progress-Werk Oberkirch AG
- Rio Tinto
- Thermotec Automotive Products
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Automotive Aluminum Market, By Product Form
8 Automotive Aluminum Market, By Vehicle Type
9 Automotive Aluminum Market, By Application
10 Automotive Aluminum Market, By Region
11 Competitive Landscape
12 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/p7fwg9/automotive