Automotive Aluminum Market Is Anticipated To Grow At A Cagr Of 6.1% During 2020-2025

By Author: Lucintel LLC
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The global automotive aluminum market is projected to reach $43.2 billion by 2025, at a CAGR of 6.1% during 2020-2025. The growth of automotive aluminum market is driven by increasing vehicle production, government regulations on the fuel economy and emission controls, increasing stringent safety regulations, and increasing gasoline prices.

Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the automotive aluminum market by vehicle type (small cars, compact cars, mid-size cars, large cars, suvs and crossovers, multi-purpose vehicles, pickup trucks), by product form (cast aluminum, rolled aluminum, extruded aluminum, others), by applications (engines, transmissions and powertrains, heat transfer, wheels and brakes, structural components, and others), and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the automotive aluminum market?
Q.4 What are some changing demands of customers in ...
... the automotive aluminum market?
Q.5 What are the new developments in the automotive aluminum market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this automotive aluminum area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this automotive aluminum market?
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing use of aluminum in chassis and structural applications and development of advance manufacturing technologies to enhance the material strength.
Download Brochure of this report by clicking on https://www.lucintel.com/automotive-aluminum-market.aspx
Market Segmentation:
Based on product form, the automotive aluminum market is segmented into cast aluminum, rolled aluminum, extruded aluminum, others. The cast aluminum segment accounted for the largest share of the market in 2020, as 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.
Asia Pacific is expected to be the largest region due to high vehicle production, improving economic conditions, and increasing investments by the industry players within the APAC region. Europe is expected to witness the highest growth over the forecast period because of stringent government regulations toward carbon emissions and increasing demand for aluminum in SUVs & crossovers, small cars, and compact cars.
Key Players in the automotive aluminums market are Alcoa Inc., Novelis Inc., Norsk Hydro ASA, Constellium N.V., Kaiser Aluminum Corp., Aleris International, Inc., Aluminum Corporation of China Limited, Vimetco N.V.

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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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