|05-15-2019 05:42 PM CET - Advertising, Media Consulting, Marketing Research||
Increasing demand for electrical vehicles is expected to drive the global automotive aluminium market.
Press release from: QUINCE MARKET INSIGHTS
Global automotive aluminum market is expected to show an increase in demand owing to the growing application base of aluminum in the automotive sector for improvement of efficiency and strength. Aluminum is a silvery-white, lightweight, nonmagnetic, and ductile metal found in the earth crust. Aluminum is the most widely used non-ferrous metal used in the industries. There has been an increasing demand for aluminum in the automotive sector due to its high strength, lightweight, and durability. Aluminum is used in the number of automotive applications including body parts, frames, engine components, transmission systems, and so on.
Electric vehicles have been one of the major users of aluminum in the automotive sector. Increasing concerns over volatile fuel prices and environmental emissions have led to the demand for electric vehicles (EV) in the recent past. This is expected to drive the demand for automotive aluminum in electric vehicles with a reduction in overall weight leading to enhanced efficiency and performance. Moreover, the conventional automotive systems have been optimizing the performance with the induction of lightweight materials in various applications resulting in increased demand. North America, Western Europe, and Asia Pacific have been major automotive production regions as well as automotive markets. These regions are expected to dominate the demand for automotive aluminum during the forecast period.
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Major segments for Global Alcohol Ingredients market include:
By Vehicle Type
• Small Cars
• Mid-Sized Cars
• Large Vehicles
• Sports-Utility Vehicles & Multi-Utility Vehicles
By Product Type:
• Cast Aluminum
• Extruded Aluminum
• Rolled Aluminum
• Forged Products
• Power Trains
• Chassis & Suspensions
• Body Parts
This upcoming study will be published shortly with a focus on the key stakeholders in the market. Regions covered in the study include North America, Asia-Pacific, Western Europe, Eastern Europe, Middle East and Rest of the World.
Major companies operating in the Global Alcohol Ingredients market include:
• Novelis, Inc.
• Constellium N.V.
• Norsk Hydro
• Alro Group
• Bonnell Aluminum Extrusion Company
• UACJ Corporation
• RIO Tinto
For Customize Report: quincemarketinsights.com/customize-report-19192
Quince Market Insights is a global market research and consulting company publishing syndicate studies as well as consulting assignments pertaining to market opportunities that promise high growth opportunities in the strategic future. The company is also into different research practices such as competitive analysis, product mapping, value chain analysis, and so on helping companies in strategic decision-making activities.
Quince Market Insights
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Pune - 411028
Phone: + 91-2026992033
This release was published on openPR.
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