Automotive Aluminum Market Top Players, Business Opportunities, Regional AnalysiPosted by rohit on February 16th, 2021 Market Overview Aluminumis found in nature in the form of aluminum sulfates and can also be produced from bauxite, which comprises various elements such as aluminum hydroxide, silicon, titanium, sulfur, gallium, vanadium oxides, chromium, iron, sulfuric calcium, and magnesium carbonates, among others. Aluminum is significantly lighter than steel, has good tensile strength, and is easier to mold, making it a preferred choice in various industries. Aluminum was first used in a sports car back in 1899, two years later an engine with aluminum parts was first built. Ever since, aluminum has been used by automotive manufacturers, owing to the inexpensiveness application in mass- produced vehicles. Vehicles manufactured using advanced aluminum alloys are more fuel efficient and reduce carbon emissions, making it more environment-friendly as compared to vehicles manufactured using steel. Request Sample Copy Of This Business Report:https://www.coherentmarketinsights.com/insight/request-sample/289 Market Dynamics Aluminum castings are used in various parts of automobiles such as alternator housing, carburetors, wheels, valve covers, engine block, transmission housings, wheel spacer, impellers, and fan clutch. Aluminum sheets are used in complete vehicle body, structural components, car trims and sealing, body panels, side walls, hood, doors, and trunks. Extruded aluminum is used to manufacture roof rails and sunroofs. The use of aluminum in automobiles has provided numerous benefits such as good formability, great potential in weight reduction, excellent corrosion behavior in presence of thermal load, high yield strength, and dent resistance capability, high-quality surface finish and recyclability. Original equipment manufacturers contribute a major share in the automotive aluminum market. Automotive Aluminum Market Taxonomy On the basis of type of product type, global market is classified into:
On the basis of vehicle type, global market is classified into:
On the basis of sales channel, global market is classified into:
Some of the companies operating in the global automotive aluminum market are Alcoa Inc., Arconic Inc., UACJ Corporation, CHALCO, AMG Advanced Metallurgical Group, Norsk Hydro ASA, Constellium N.V., Novelis Inc., and Rio. About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Name: Mr. Raj Shah Phone: US +12067016702 / UK +4402081334027 Email: sales@coherentmarketinsights.com Visit Our Blogs: https://blog.coherentmarketinsights.com Like it? Share it! More by this author |