Automotive Aluminum Market Analysis, Size, Regional Outlook, Competitive Strategies and Forecasts 2021 – 2027

Automotive Aluminum Market 

A lightweight metal, aluminum weighs almost 40% lesser than steel, exhibiting a superior compressive and tensile strength, making it suitable for the application in manufacturing automotive body and other operational and structural components. Aluminum’s light weight aids in enhancing fuel efficiency, providing approximately 16% less consumption of fuel as compared to the vehicles which are steel-made. Due to the aluminum’s lighter weight, the automakers can increase the body panel’s and other structural component’s thickness without adding any additional weight to the vehicle. The global market for automotive aluminum is foreseen to attain a valuation of USD 142.15 Billion by the year 2027, growing at a CAGR of 14.1% during the forecast period.

Key participants include: Hindalco Industries Ltd., Novelis Inc., Constellium SE, Norsk Hydro ASA, Alcoa Corporation, United Company RUSAL, Autoneum Holding AG, Aluminum Corporation of China Limited, UACJ Corporation, and Federal-Mogul Holding Corporation, among others.

Market Drivers

The rising global trend of reducing vehicle weight is the primary reason behind the industry’s prodigious growth. Many consumers are emphasizing the reduced running and operational expenses of a vehicle, opting for a more fuel-efficient vehicle in return for some extra cost of ownership. Therefore, the automakers are looking for several alternative procedures and highly investing in the research and development for supporting the enhanced fuel efficiency models’ concept. Moreover, they are coming up with innovative technology to outperform other competitors operating in the industry by expanding the consumer base.

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Applications Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

• Body Structure & Closure
• Power Train
• Heat Transfer & Electrification
• Brake & Steering
• Others

Product Form Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

• Cast Aluminum
• Sheet Aluminum
• Forged Aluminum
• Extruded Aluminum

Vehicle Type Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

• Passenger
• Commercial

Vehicle Propulsion Type Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

• ICV
• EV
• HEV

Vehicle Size Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

• Compact
• Large
• Sub-Compact
• Medium
• Basic

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Table of Contents:

Chapter 1. Market Synopsis
    1.1. Market Definition
    1.2. Research Scope & Premise
    1.3. Methodology
    1.4. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2018-2027
Chapter 3. Indicative Metrics
Chapter 4. Automotive Aluminum Market Segmentation & Impact Analysis
    4.1. Automotive Aluminum Market Material Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market driver’s analysis
                  4.2.2.1. Substantial demand for lightweight vehicle
                  4.2.2.2. Increasing growth of fuel-efficient technology
                  4.2.2.3. Increasing investment in the capital expenditure for a long-time profit…

Regional Outlook

The region of North America registered worth USD 3.32 Billion in the year 2019 and is expected to become a prominent revenue-generating region for the automotive aluminum market. Due to several factors, including the rapid technological development, combined with the existence of renowned automotive industries, and increasing consumer preference towards modern technology with the increasing affordability of premium cars.

• North America
• The U.S.
• Canada
• Europe
• Germany
• France
• The U.K.
• Spain
• Italy
• Rest of the Europe
• Asia Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
• Middle East and Africa
• Latin America
• Brazil

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