At a CAGR of 4.5% Global Aluminum Market for Automotive Industry Will Grow Steadily During the Period 2016-2020
Aluminum is a preferred material in the automotive industry because of its strength, safety, and durability. Use of aluminum in passenger and commercial vehicles allows boosting of fuel economy and reducing vehicular emissions.
The global automotive industry is driven by improvements in macroeconomic conditions and demands from the developing market. Automotive manufacturers have been using steel products for engine parts and auto sheets, which are now being replaced with aluminum. With changing customer preferences, the automotive industry has seen changes...
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