DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Alloy Market for Automotive by Alloy Type, Area of Application, Vehicle Type & by Region - Global Forecast to 2021" report to their offering.
The automotive alloys market is projected to grow at a CAGR of 7.69% from 2016 to 2021 to reach the market size of USD 177.47 billion by 2021. Major factors driving the growth of this market include growing population, rapid urbanization, increasing demand for automobiles, and regulations regarding fuel efficiency and emissions.
The market for steel alloys used in manufacturing automobiles is projected to acquire the maximum market share during the forecast period. This growth can be mainly attributed to the major proportion of steel alloys used in the manufacturing of a vehicle, especially in emerging nations such as China and India. This trend is estimated to continue during the forecast period. These factors make automotive steel alloys the largest market in the global automotive alloys market.
The Asia-Oceania region is estimated to dominate the automotive alloy market and is projected to acquire the maximum market share during forecast period. This growth can be attributed to the progress in the socio-economic conditions by the emerging economies such as China, India, Indonesia, and Thailand. Large population in countries such as China and India have contributed to the increase in the number of sales of automobiles in this region.
- Alcoa Inc.
- AMG Advanced Metallurgical Group
- Arcelormittal SA
- Constellium N.V.
- Kobe Steel, Ltd.
- Nippon Steel & Sumitomo Metal Corp.
- Norsk Hydro ASA
- Novelis, Inc.
- Thyssenkrupp AG
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Global Automotive Alloys Market, By Alloy Type
7 Automotive Alloy Market, By Vehicle Type
8 Automotive Alloy Market, By Area of Application
9 Automotive Alloys Market, By Region
10 Competitive Landscape
11 Company Profiles
For more information visit http://www.researchandmarkets.com/research/jv3pfs/alloy_market_for