Press release
Automotive Aluminum Market Projected to Reach 111.80 Billion USD by 2026
automotive aluminum market
Browse 81 market data tables and 76 figures spread through 164 pages and in-depth TOC on “Automotive Aluminum Market - Global Forecast to 2026"
http://www.marketsandmarkets.com/Market-Reports/automotive-aluminum-market-122258570.html
Early buyers will receive 10% customization on this report.
Increased demand for automotive aluminum from automobile manufacturers to reduce weight of vehicles is propelling the growth of the automotive aluminum market.
Among applications, the car body segment of the automotive aluminum market is projected to grow at the highest CAGR during the forecast period.
The car body application segment accounted for the third-largest share of the automotive aluminum market in 2016. This segment is projected to grow at the highest CAGR from 2016 to 2026. The growth of this segment can mainly be attributed to increasing use of rolled aluminum by automobile manufacturers for manufacturing car bodies to reduce weight of cars, thereby resulting in improved fuel efficiency as well as driving dynamics of vehicles.
Request for Sample Pages @ http://www.marketsandmarkets.com/requestsample.asp?id=122258570
Among product forms, the rolled aluminum segment of the automotive aluminum market is projected to grow at the highest CAGR from 2016 to 2026.
The rolled aluminum segment of the automotive aluminum market is projected to grow at the highest CAGR from 2016 to 2026. Rolled aluminum is manufactured by passing aluminum between rolls under pressure. This results in the formation of thin and long rolls of aluminum in the direction, wherein it is moving. Rolled aluminum process is used to form three major forms of aluminum, namely, aluminum sheets, aluminum foils, and aluminum plates. Growth of the rolled aluminum segment of the aluminum automotive market can be attributed to increasing use of rolled aluminum in the manufacturing of body parts of cars to increase their fuel efficiency and reduce their weight.
The North American region accounted for the largest share of the automotive aluminum market in 2016.
The North American region accounted for the largest share of the automotive aluminum market in 2016. This increased demand of automotive aluminum in the North American region can be attributed to implementation of Corporate Average Fuel Economy (CAFE) standards, which mandate automobile companies to strive for increased fuel efficiency. Thus, automobile companies in the North American region prefer aluminum over steel as it helps to achieve improved aerodynamics as well reduces weight of automobiles, thereby enabling fuel savings.
Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=122258570
Key players operational in the automotive aluminum market include Alcoa Inc./Arconic Inc. (U.S.), Novelis Inc. (U.S.), UACJ Corporation (Japan), Norsk Hydro ASA (Norway), AMG Advanced Metallurgical Group (Netherlands), Constellium N.V. (Netherlands), CHALCO (China), and Rio Tinto (U.K.), among others.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Mr. Rohan
MarketsandMarkets™
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Visit MarketsandMarkets @ http://www.marketsandmarkets.com
For more information, please visit www.marketsandmarkets.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Aluminum Market Projected to Reach 111.80 Billion USD by 2026 here
News-ID: 626195 • Views: …
More Releases from MarketsandMarkets.com
Concrete Surface Retarders Market worth $89.4 million by 2023 : Major Players ar …
The report "Concrete Surface Retarders Market by Raw Material (Organic Agents and Inorganic Agents), Type (Water-based and Solvent-based), Application (Residential and Commercial), and Region (North America, Europe, Asia Pacific) - Global Forecast to 2023", The concrete surface retarders market is projected to grow from USD 72.7 million in 2018 to USD 89.4 million by 2023, at a CAGR of 4.2% between 2018 and 2023. Increase in urban population, demand for…
Precast Concrete Market worth $174.1 billion by 2025 | Major Players are Lafarge …
The report "Precast Concrete Market by Element (Columns & Beams, Floors & Roofs, Girders, Walls & Barriers, Utility Vaults, Pipes, Paving Slabs), Construction Type, End-use Sector (Residential, Non-residential) - Global Forecast to 2025" The global precast concrete market size is projected to grow from USD 130.6 billion in 2020 to USD 174.1 billion by 2025, at a CAGR of 5.9% from 2020 to 2025. The market is projected to grow…
Fire Stopping Materials Market worth $2.4 billion by 2026 : Major Players are Hi …
The report "Fire Stopping Materials Market by Type (Sealants, Mortar, Boards, Putty &Putty Pads, Cast-in Devices), by Application (Electrical, Mechanical, Plumbing), End-Use (Commercial, Industrial & Residential), and Region - Global Forecast to 2026" MarketsandMarkets: The fire stopping materials market is projected to reach USD 2.4 billion by 2026, at a CAGR of 11.6% from USD 1.4 billion in 2021. Fire stopping is a fire protection system for sealings of any…
Earthen Plasters Market worth $103 million by 2026 : Leading players are America …
The report "Earthen Plasters Market by Type (Iron, Calcium, Magnesium, Silicates, Aluminium), Application (Walls, Roofs, Masonry, Agriculture,) and Region (APAC, North America, Europe, MEA & South America) - Global Forecast to 2026", size is expected to grow from USD 86 million in 2021 to USD 103 million by 2026, at a CAGR of 3.5% during the forecast period. The driving factors for the earthen plasters market is the advantages of…
More Releases for Aluminum
Yocon Aluminum Supplies Aluminum Foil Coils for Major Appliances
Yocon Aluminum, a leading manufacturer and supplier of aluminum foil coils, has announced that they are now supplying major appliance manufacturers with their high-quality aluminum foil coils. With over forty years of experience in the industry, Yocon Aluminum is known for their dedication to quality and customer satisfaction. Their products are used in a variety of applications, including air conditioners, refrigerators, and freezers. When it comes to choosing a supplier…
Aluminum Market 2022 Update by key industry players: Alcoa Corp., Aluminum Corp. …
According to Precision Business Insights (PBI) latest report the global aluminum market is expected to be worth USD 124.8 Bn in 2022, growing at a 9.3% CAGR from 2022 to 2028. Global Aluminum Market by Processing Type (Castings, Extrusions, Forgings, Rods and Bars, Sheets and Plates, Others) By End-user (Automotive, Aerospace, and Defense, Building and Construction, Electrical and Electronics, Packaging, Industrial, Others), and Geography (North America, Europe, Asia-Pacific, and Rest…
Global Ferro Aluminum Market, Global Ferro Aluminum Industry, Covid-19 Impact Gl …
Ferro aluminium is an alloy that belongs to the grouping of ferroalloys. Ferro aluminium is formed by compounding iron with aluminium. The manufacturing procedure of Ferro aluminium is extremely energy intensive in nature. Ferro aluminium demands large amount of electricity throughout its manufacturing procedure. Ferro aluminium manufacturing process comprises production of aluminium from synthetic cryolite or bauxite. The administered aluminium is then further transformed into aluminium oxide by utilizing the…
Aluminum Frp Market Size, Status and Global Outlook 2021-Shandong Nanshan Alumin …
The MarketInsightsReports has published the obtainability of a new statistical data to its repository titled as, Aluminum Frp market. The comprehensive report provides useful insights into Market growth, revenue, and market trends, in order to enable readers to gauge market scope more proficiently. Furthermore, the report also sheds light on recent developments and platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries.…
Aluminum Market Forecasts 2027| JW Aluminum, Logan Aluminum, Aleris Rolled Produ …
Aluminum Market 2021 : The Report Titled on “Aluminum Market” provides in-depth review of the Growth, Drivers, Potential Challenges, Unique Trends and Opportunities for market participants equip readers to fully comprehend the overall landscape of the Aluminum industry.
“Global Aluminum Market” report offers a complete analysis of the market. It will thus via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured within the report are derived persecution…
Aluminum in the Automotive Market Report 2018: Segmentation by Type (Cast Alumin …
Global Aluminum in the Automotive market research report provides company profile for Aleris International, Aluminumoration of China, Vimetco N.V., Alcoa, Novelis, Norsk Hydro ASA, Constellium N.V., Kaiser Aluminum and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018…
