Press release
Automotive Aluminum Industry Sector Annual Growth to hit US$ 205.24 billion by 2032 | Top 5 Companies are Aleris Corporation, Constellium, UACJ Corporation, Kaiser Aluminum Corporation, CHALCO
Automotive Aluminum Industry
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To meet US and EU CO2 emission targets, automakers are using aluminum to cut vehicle weight, as a 10% weight reduction boosts fuel efficiency by 6% to 8%.
Key Players:
ArcelorMittal, Alcoa Corporation, Rio Tinto Group, Novelis Inc, Aleris Corporation, Constellium, UACJ Corporation, Kaiser Aluminum Corporation, CHALCO, Norsk Hydro ASA
Key industry Development:
In 2025, Novelis Inc. produced the world's first aluminum coil made entirely from 100% recycled automotive for the European market, advancing sustainability in the auto industry.
The same year, Hydro and Nemak teamed up again to develop low-carbon aluminum casting products, supporting decarbonization and sustainability goals in car manufacturing.
Growth Forecast Projection:
The Global Automotive Aluminum Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Research Process:
Both primary and secondary data sources have been used in the global Automotive Aluminum Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Key Segmentation:
By Product Type: Wrought Aluminum , Cast Aluminum, Extruded Aluminum, Others
By Vehicle Type: Passenger Cars , Light Commercial Vehicles, Heavy Commercial Vehicles
By Application: Body and Chassis , Powertrain, Suspension Components, Wheels and Tires, Interior Components, Others
By End User: OEMs (Original Equipment Manufacturers) , Aftermarket
Regional Analysis for Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Benefits of the Report:
Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.
Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.
Chapter 3: Offers an in-depth look at the competitive landscape among Automotive Aluminum producers, including revenue shares, strategic moves, and recent mergers and acquisitions.
Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.
Chapters 5 & 6: Analyze Automotive Aluminum revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.
Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.
Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.
Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.
Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.
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FAQ's
Q1: What is the current size of the Automotive Aluminum Market?
A: The Automotive Aluminum Market stood at US$ 97.86 billion in 2024 and is set to experience remarkable growth, reaching US$ 205.24 billion by 2032
Q2: How fast is the Automotive Aluminum Market growing?
A: The Market is on an impressive growth trajectory, expected to expand at a CAGR of XX% from 2025 to 2032
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