Global Automotive Aluminum Market Market Size & Forecasting (2016-2028)
Global automotive aluminum market is expected to show an increase in demand owing to the growing application base of aluminium in automotive sector for improvement of efficiency and strength. Aluminum is a silvery-white, lightweight, nonmagnetic, and ductile metal found in earth crust. Aluminum is the most widely used non-ferrous metal used in the industries. There has been increasing demand for aluminum in the automotive sector due to its high strength, light weight, and durability. Aluminum is used in number of automotive applications including body parts, frames, engine components, transmission systems, and so on.
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Electric vehicles have been one of the major users of aluminium in automotive sector. Increasing concerns over volatile fuel prices and environmental emissions have led to the demand for electric vehicles (EV) in the recent past. This is expected to drive the demand for automotive aluminium in electric vehicles with reduction in overall weight leading to enhanced efficiency and performance. Moreover, the conventional automotive systems have been optimizing the performance with induction of lightweight materials in various applications resulting in increased demand. North America, Western Europe, and Asia Pacific have been major automotive production regions as well as automotive markets. These regions are expected to dominate the demand for automotive aluminium during forecast period.
The upcoming report from Quince Market Insights focuses on these key impact factors influencing the market along with identifying major segments, and companies operating in the market. The study is designed to provide a holistic view for automotive aluminum with forecast to 2028. The study has been designed to provide a broad scope to cover every possible segment influencing the automotive aluminum market.
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Major companies operating in the Global Automotive Aluminum market include:
Bonnell Aluminum Extrusion Company
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By Vehicle Type
- Small Cars
- Mid-Sized Cars
- Large Vehicles
- Sports-Utility Vehicles & Multi-Utility Vehicles
By Product Type:
- Cast Aluminum
- Extruded Aluminum
- Rolled Aluminum
- Forged Products
- Power Trains
- Chassis & Suspensions
- Body Parts
This upcoming study will be published shortly with a focus on the key stakeholders in the market. Regions covered in the study include North America, Asia-Pacific, Western Europe, Eastern Europe, Middle East and Rest of the World.
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