The Global Automotive Aluminum Market is forecast to reach USD 142.15 Billion by 2027. The growing prevalence of focusing on the reduction of the vehicle weight is the principal reason behind the prodigious growth of this market. Aluminum is a lightweight metal and weighs nearly 40% lesser than steel, having a high tensile & compressive strength, making it ideal for the use in the automotive body & other structural & operational components. Aluminum’s mentionable light weight directly improves the fuel efficiency and provide nearly 16% less fuel consumption compared to the steel-made vehicles, and a body frame made of aluminum is proven to absorb a higher energy crash impact compared to a mild steel made body frame. Owing to the lighter weight of aluminum, the automakers have been able to increase the thickness of body panels and structural components without adding any extra weight to the vehicle.

Get a sample of the report @ https://www.reportsanddata.com/download-free-sample/2980  

Further key findings from the report suggest

  • In April 2020, Hindalco Industries, an Aditya Birla Group company, an Indian conglomerate, completed the hugely delayed acquisition procedure of Aleris Corporation, a globally leading supplier of rolled aluminum products. Earlier Novelis Inc., a world leader in aluminum rolling & recycling, announced their acquisition of Aleris. Through this acquisition of Aleris, Hindalco Industries would become the largest producer of aluminum.
  • The vehicle body structure & closure sub-segment is observing the fastest market growth as many automakers incorporated aluminum for making their vehicle frame & body so that they can offer better fuel efficiency and other cutting-edge technology that substantially increase the operational efficiency of the vehicle. Besides, aluminum’s high and efficient recycling and smaller lifecycle CO2 footprints are the reason many vehicle manufacturers are slowly being inclined to use aluminum for their vehicles.
  • Aluminum alloys tailored by suitable variations in its chemical composition & processing many requirements, such as the non-heat treatable Aluminum-Magnesium alloys incorporated in the vehicle chassis, optimized for great resistance against the intercrystalline corrosion & concurrent high strength. Even the heat treatable Aluminum-Magnesium-Silicon alloys used for extrusions, and the body sheet modified for an improved hardening response during the vehicle paint bake cycle.

Competitive Landscape:

Competitive landscape of global Automotive Aluminum market is quite fragmented with regional and global key players. These market players are involved in various strategies including mergers and acquisitions, collaborations, new product launches or corporate deals to retain their market position and expand their product portfolio.

some leading companies operating in the global Automotive Aluminum market:

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.

Inquiry before buying @ https://www.reportsanddata.com/inquiry-before-buying/2980

The global market is further segmented into type and application:

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

Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
  • Latin America (Brazil, Rest of LATAM)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Request a customized copy of the report @ https://www.reportsanddata.com/request-customization-form/2980

Thank you for reading our report. We also offer customized report as per client requirement. Kindly connect with us to know more about customization plan and our team will offer you the altered report.

Get Explore Latest Research Report by Reports and Data:

Silicone Market @ https://www.globenewswire.com/news-release/2019/04/25/1809819/0/en/Silicone-Market-To-Reach-USD-22-48-Billion-By-2026-Reports-And-Data.html

Physical Vapor Deposition (PVD) Market @ https://www.globenewswire.com/news-release/2019/04/23/1808165/0/en/Physical-Vapor-Deposition-PVD-Market-To-Reach-USD-29-70-Billion-By-2026-Reports-And-Data.html

Polytetrafluoroethylene (PTFE) Fabrics Market @ https://www.globenewswire.com/fr/news-release/2019/05/20/1829099/0/en/Polytetrafluoroethylene-PTFE-Fabrics-Market-To-Reach-USD-1010-2-Million-By-2026-Reports-And-Data.html

Zirconium Market @ https://www.globenewswire.com/news-release/2019/05/29/1856614/0/en/Global-Zirconium-Market-To-Reach-USD-620-0-Million-By-2026-Reports-And-Data.html

Point of Use Water Treatment Systems Market @ https://www.globenewswire.com/news-release/2019/07/15/1882596/0/en/Point-of-Use-Water-Treatment-Systems-Market-To-Reach-USD-17-99-Billion-By-2026-Reports-And-Data.html

Liquid Silicone Rubber Market @ https://www.globenewswire.com/news-release/2019/07/17/1884105/0/en/Liquid-Silicone-Rubber-Market-To-Reach-USD-3-83-Billion-By-2026-Reports-And-Data.html

http://google.ps/url?q=https://www.reportsanddata.com/

http://google.pn/url?q=https://www.reportsanddata.com/

http://google.pl/url?q=https://www.reportsanddata.com/

http://google.nu/url?q=https://www.reportsanddata.com/

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, TouchPoints, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provide our clients with the ability to secure an edge over their respective competitors.

Contact Us:

John W

Head of Business Development

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com