Automotive Aluminum is a form of aluminum sulfate made up of a number of different elements including vanadium oxides, sulfuric calcium, silicon, chromium, aluminum hydroxide, titanium, sulfur, gallium, iron, and magnesium carbonates, and is largely generated from bauxite. In addition, automotive aluminum possesses high tensile strength, lightweight, and moldability are all attributes of aluminum. Also, it offers excellent safety and durability which is boosting energy efficiency and reducing emissions. Furthermore, aluminum is the most popular metal used in cars and commercial vehicles.

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The Automotive Aluminum Market is expected to grow at a steady rate of around 9% owing to the increasing use in commercial and passenger vehicles coupled with the growing adoption of automotive aluminum in the automotive sector. Major companies in the market offer automotive aluminum for automotive applications with technologically advanced features to reduce environmental issues. For instance, in July 2022, Vedanta Aluminium strengthened its sustainability in the auto industry at a national webinar at the Automotive Component Manufacturers Association (ACMA) of India to decarbonize its products.

 According to UnivDatos Market Insights (UMI)’ research report “Global Automotive Aluminum Market”, the market is expected to witness robust growth during the forecast period (2022-2028). This is mainly due to the growing regulations for fuel efficiency & emissions coupled with the integration of new systems for comfort and safety.

Based on product form, the market is segmented into cast aluminum, rolled aluminum, extruded aluminum, and others. The rolled aluminum category is to witness the highest CAGR during the forecast period owing to the reduction of vehicle weight, helps in increasing fuel efficiency, and offers high stability, durability, and cost-effectiveness of the vehicle. In addition, the manufacturer uses rolled aluminum which can be molded into many different forms such as plates, foils, and sheets. As the use of this form of aluminum allows more flexibility and increases the application of the material in modern industries which will increase the demand for rolled aluminum in the market.

Based on the application, the automotive aluminum market has been classified into car body, chassis & suspension, and powertrain. The car body category is expected to grow with a considerable CAGR during the forecast period owing to its lightweight, high strength, and corrosion resistance properties. As, aluminum in car body applications is used in making hoods, doors, and fenders, that further helps in reducing the overall weight of the vehicle. Thus, improving fuel efficiency and reducing emissions from the vehicle. Furthermore, the use of aluminum in car bodies also enhances vehicle safety as aluminum has a high level of crashworthiness and deformability, making it an ideal material for body structures in cars.

APAC to witness extensive growth

For a better understanding of the market adoption of the automotive aluminum industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, India, Japan, Rest of Asia-Pacific), Rest of World. APAC is expected to grow with a robust CAGR during the forecast period. As countries such as China, India, and Japan are the major producer of automotive parts leading to drive the demand for automotive aluminum within the region. Since the increasing demand for fuel-efficient and lightweight vehicles, along with the increasing production of vehicles in the region, has led to the growth of the automotive aluminum market in the APAC region. Additionally, the region is increasing its focus on reducing emissions and improving fuel efficiency which led to a growing demand for lightweight aluminum components in the automotive industry. Additionally, the presence of several large aluminum producers and manufacturers in the region also contributes to the growth of the automotive aluminum market in the APAC region.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the automotive aluminum market are Alcoa Corporation, UACJ Corporation, Rio Tinto, Norsk Hydro ASA, Novelis, Constellium, Jindal Aluminium Limited, AMG, ElringKlinger AG, and Dana Limited.

“Global Automotive Aluminum Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.    

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Market Segmentation:

1. By Product Form (Cast Aluminum, Rolled Aluminum, Extruded Aluminum, and Others)
2. By Vehicle Type (Passenger Car, LCV, and HCV)
3. By Application (Car Body, Chassis & Suspension, and Powertrain)
4. By Region (North America, Europe, Asia-Pacific, Rest of the World)
5. By Company (Alcoa Corporation, UACJ Corporation, Rio Tinto, Norsk Hydro ASA, Novelis, Constellium, Jindal Aluminium Limited, AMG, ElringKlinger AG, and Dana Limited.)

Key questions answered in the study:

1. What are the current and future trends of the global automotive aluminum industry?
2. How the industry has been evolving in terms of product form, vehicle type, and application?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the global automotive aluminum industry?
5. What is the customer orientation, purchase behavior, and expectations from the global automotive aluminum suppliers across various region and countries?