Aluminum in the Global Automotive Industry is Expected to Reach $42.4 Billion by 2022

IRVING, Texas, December 12, 2017 (Newswire.com) - ​According to a new market report published by Lucintel, the future of aluminum in the global automotive industry looks good with opportunities in the segments of passenger cars and commercial vehicles. Aluminum in the global automotive industry is expected to reach an estimated $42.4 billion by 2022 and it is forecast to grow at a CAGR of 7.4% from 2017 to 2022. The major drivers of growth for this market are increasing vehicle production, government regulations on the fuel economy and emission controls, increasing stringent safety regulations, and increasing gasoline prices.

Browse 122 market data tables and 149 figures spread through 235 pages and in-depth TOC on “Aluminum in the Global Automotive Industry" 

In this market, cast aluminum, rolled aluminum, extruded aluminum are some of the major segments by product form. On the basis of our comprehensive research, Lucintel forecasts that the extruded aluminum and rolled aluminum segments are expected to show above average growth during the forecast period.

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Within the global automotive aluminum industry, the cast aluminum segment is expected to remain the largest market. Casting is a simple, inexpensive, and versatile way of forming aluminum into a wide array of products, which is expected to spur growth for this segment over the forecast period.

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Asia Pacific is expected to remain the largest region due to high vehicle production, improving economic conditions, and increasing investments by the industry players within the APAC region.

Asia Pacific and Europe are expected to experience significant growth over the forecast period because of rapidly increasing demand for aluminum in SUVs & crossovers, small cars, and compact cars.

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Emerging trends, which have a direct impact on the dynamics of the industry, include increasing use of aluminum in chassis and structural applications. Alcoa Inc., Novelis Inc., Norsk Hydro ASA (ADR), Constellium N.V., and Aleris International are the major aluminum suppliers in the global automotive industry.

The study includes a forecast for aluminum in the global automotive industry by vehicle type, product form, application type, and region, as follows:

Aluminum in the global automotive industry by vehicle type ($ Million and kilo tons from 2011 to 2022)

·         Small Cars                               

·         Compact Cars                          

·         Mid-Size Cars                           

·         Large Cars                               

·         SUVs & Crossovers                 

·         Multi-Purpose Vehicles                                     

·         Pickup Trucks                                      

Aluminum in the global automotive industry by Product Forms ($ Million from 2011 to 2022)

·         Cast Aluminum

·         Rolled Aluminum

·         Extruded Aluminum

·         Others

Aluminum in the global automotive industry by application type ($ Million from 2011 to 2022)

·         Engines

·         Transmissions and Drivelines

·         Heat Transfer Systems

·         Wheels and Brakes

·         Structural Components 

Aluminum in the global automotive industry by region ($ Million from 2011 to 2022)

·         North America

o    US

o    Canada

o    Mexico

·         Europe

o    United Kingdom

o    Italy

o    France

o    Germany

o    Spain

·         Asia Pacific

o    China

o    India

o    Japan

o    Indonesia

o    South Korea

·         The Rest of the World

o    Brazil

o    Argentina

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This 235-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com

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Source: Lucintel