Automotive Aluminum Market Analysis 2021-2026, Industry Size, Share, Trends and Forecast

According to IMARC Group’s latest report, titled “Automotive Aluminum Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global automotive aluminum market reached a value of US$ 22.34 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 9.8% during 2021-2026

Aluminum is extensively used in the automotive industry in different forms of castings, extrusions, and sheets to produce vehicular components. The aluminum used in passenger and commercial vehicles is lightweight and offers high stability, durability, and cost-effectiveness. It helps the vehicle to accelerate faster and withstand a higher level of shock in the case of a collision or crash.

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Market Trends

The exponentially growing automotive industry extensively utilizes aluminum in passenger cars, commercial trucks, buses, etc. The rising demand for automotive aluminum based on the high tensile strength, recyclability, corrosion resistance, better thermal and electrical conductivity, further drives the market growth. Additionally, the market is fueled by the growing adoption of robotics technology in the assembly lines for optimized manufacturing. Moreover, the increasing utilization of secondary or recycled aluminum and aluminum alloys for minimizing carbon emissions is also driving the market. In addition to this, the growing consumer purchasing power, along with expanding vehicular fleet, further propels the demand for automotive aluminum. Moreover, the implementation of several government initiatives to reduce greenhouse gases in the automotive manufacturing industry is anticipated to proliferate the market for automotive aluminum.

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The report has segmented the market on the basis of product form, vehicle type, application and region.

Breakup by Product Form:

Cast Aluminum
Die Casting
Permanent Mold Casting
Sand Casting
Rolled Aluminum
Aluminum Plate
Aluminum Sheet
Aluminum Foil
Extruded Aluminum

Breakup by Vehicle Type:

Passenger Cars
Light Commercial Vehicles (LCV)
Heavy Commercial Vehicles (HCV)

Breakup by Application:

Powertrain
Pistons
Engine Blocks
Fuel Systems
Heat Shields
Heat Exchangers
Chassis & Suspension
Suspension Parts
Wheels
Steering System
Brake Systems
Car Body
Body Structure
Roof and Trim
Car Interiors
Hang-On Parts

Breakup by Geography:

North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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