DUBLIN--(BUSINESS WIRE)--The "Automotive Aluminum Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global automotive aluminum market reached a value of US$ 22.34 Billion in 2020. Looking forward, the global automotive aluminum market to exhibit strong growth during 2021-2026.
The automotive industry utilizes aluminum castings, extrusions and sheets to manufacture vehicle body, frame, wheels, fuel systems, heat shields and car interiors. It is also used in the production of various engine parts such as pistons, radiators and cylinder heads.
As the aluminum used in passenger and commercial vehicles is light in weight, it offers high stability, durability and cost-effectiveness. In comparison to steel, aluminum parts can help the vehicle accelerate faster and absorb a higher amount of shock in case of a crash or accident.
The growing automotive industry is one of the key factors driving the growth of the market. Owing to properties, such as high strength, recyclability, corrosion resistance combined with thermal and electrical conductivity, aluminum is extensively utilized in the production of passenger cars and commercial trucks and buses.
Furthermore, the adoption of robotics technology in the assembly lines to efficiently manufacture automobiles is creating a positive impact on the market. There is also an increasing usage of secondary or recycled aluminum in the manufacturing of automobiles for improved safety and reduced carbon dioxide emissions. Aluminum mixed with copper, silicon and manganese is being used for light-weight components, which in turn is leading to higher per unit usage of the metal.
Moreover, the implementation of government policies promoting the manufacturing of vehicles that reduce the emission of greenhouse gases, thus improving the carbon footprint of automobiles, is creating a positive impact on the market growth.
Other factors, including rising disposable incomes of consumers and extensive research and development (R&D) activities, are projected to drive the market further.
Key Questions Answered in This Report:
- How has the global automotive aluminum market performed so far and how will it perform in the coming years?
- What are the key regional markets in the global automotive aluminum industry?
- What has been the impact of COVID-19 on the global automotive aluminum market?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the vehicle type?
- What is the breakup of the market based on the product form?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global automotive aluminum industry and who are the key players?
- What is the degree of competition in the industry?
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being
- Alcoa Inc.
- Novelis
- Rio Tinto Alcan
- Constellium
- BHP
- Amg Advanced Metallurgical
- UACJ Corporation
- Norsk Hydro ASA
- Dana Holding Corporation
- Progress-Werk Oberkirch AG
- Jindal Aluminium
- Kaiser Aluminum
- Lorin Industries
- Federal-Mogul Holding Corporation
- ElringKlinger AG
- ThermoTec Automotive
Breakup by Product Form:
- Cast Aluminum
- Die Casting
- Permanent Mold Casting
- Sand Casting
- Rolled Aluminum
- Aluminum Plate
- Aluminum Sheet
- Aluminum Foil
- Extruded Aluminum
Breakup by Vehicle Type:
- Passenger Cars
- Light Commercial Vehicles (LCV)
- Heavy Commercial Vehicles (HCV)
Breakup by Application:
- Powertrain
- Pistons
- Engine Blocks
- Fuel Systems
- Heat Shields
- Heat Exchangers
- Chassis & Suspension
- Suspension Parts
- Wheels
- Steering System
- Brake Systems
- Car Body
- Body Structure
- Roof and Trim
- Car Interiors
- Hang-On Parts
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
For more information about this report visit https://www.researchandmarkets.com/r/1ztxf7
