Global Automotive Aluminum Market is accounted for $39.93 billion in 2021 and is expected to reach $80.32 billion by 2028 growing at a CAGR of 10.5% during the forecast period. Aluminum is the most extensively used metal in automobiles automobiles owing to its properties such as being lightly weighted, corrosion resistance, high strength, and electrical and thermal conductivity and in commercial vehicles as it provides excellent safety and durability coupled with increase in fuel efficiency and reduced emissions.
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By geography, Asia Pacific is projected to hold the largest market share due to the increasing demand for luxury vehicle on account of the presence of disposable income in the region.
Some of the key players profiled in the Automotive Aluminum Market include Novelis Inc., Constellium N.V., Rio Tinto, Dana Holding Corporation, Thermotec Automotive Products, Federal-Mogul Holding Corporation, Norsk Hydro ASA, Alcoa Inc, Lorin Industries and Aleris Corporation.
Products Covered in Automotive Aluminum Market
• Extruded
• Cast
• Rolled
Vehicles Covered:
• Cars
• Sport Utility Vehicles (SUVs) & Crossovers
• Light Commercial Vehicles (LCV)
• Heavy Commercial Vehicles (HCV)
• Multi- Purpose Vehicles
Applications Covered:
• Car Body
• Chassis & Suspension
• Powertrain
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