This report entails the detailed quantitative analysis of current market and estimations from 2014 to 2022 that assist in identifying the prevailing market opportunities to capitalize on the global automotive aluminum market.
Portland, OR -- (SBWIRE) -- 07/27/2017 -- Aluminum is the most extensively used metal in automobiles and commercial vehicles as it provides excellent safety and durability coupled with increase in fuel efficiency and reduced emissions. In addition, the demand for aluminum is accelerating in automobile applications owing to its strength and environmental benefits. The recyclability associated with aluminum has triggered its demand, which is expected to gain major traction in the coming years.
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North America is the major region for the automotive aluminum market followed by Europe. Rise is urbanization coupled with ecofriendly measures are expected to drive the market in Asia-Pacific and LAMEA.
The report on the global aluminum market is segmented based on vehicle type, application, and geography. Based on vehicle type, the report includes cars, buses, light commercial vehicles, and heavy commercial vehicles. Based on application, the market is bifurcated into body panels, hoods, frames, wheels, engine, transmission, suspension, and others. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Top market players in the global automotive aluminum market include Alcoa, Aluminum Corporation of China, Rio Tinto Alcan, BHP Billiton, Dubai Aluminum, Jindal Aluminum, Novelis, Vedanta Aluminum, Aleris International, and United Co. RUSAL.
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Global Automotive Aluminum Market Key Segments
By Type of Vehicles
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Body panels
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA