Automotive Aluminum Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Medium & Heavy Commercial Vehicles), By Product Type (Cast, Rolled, Extruded), By Application Type (Powertrain, Chassis & Suspension, Car Body, Others), By Region, Competition, 2018-2028

  • Industry : Automotive
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 27 billion

CAGR (2023-2028)

5.74%

Fastest Growing Segment

Extruded

Largest Market

Asia-Pacific

 

Market Overview

Global Automotive Aluminum Market has valued at USD 27 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 5.74% through 2028. Automobile aluminum is used in the production process. It is well-known for being strong, lightweight, and resistant to corrosion, which makes it perfect for a variety of uses in automobiles. It can decrease greenhouse gas emissions and increase fuel efficiency by making the vehicle lighter overall. Compared to other materials, it is more environmentally friendly because it is also highly recyclable. It can be utilized in the car's body panels, wheels, radiators, and frame. The global market is expanding due to the growing demand for lightweight luxury vehicles brought about by rising income levels and rapid urbanization. Additionally, as people become more conscious of climate change, automakers are choosing to use sustainable materials like aluminum in their products.

Market Drivers

Lightweighting for Improved Fuel Efficiency

One of the most significant drivers of the Global Automotive Aluminum market is the industry's persistent pursuit of lightweighting to enhance fuel efficiency. As automotive manufacturers strive to meet stringent fuel economy standards and reduce carbon emissions, the adoption of lightweight materials, such as aluminum, has become essential. Aluminum is well-known for its exceptional strength-to-weight ratio. It is significantly lighter than traditional materials like steel while offering sufficient structural integrity and durability. By incorporating aluminum into various vehicle components, including body structures, chassis, and powertrains, automakers can substantially reduce the overall weight of the vehicle without compromising safety or performance. The use of aluminum-intensive structures in vehicles results in improved fuel efficiency due to reduced weight. Lighter vehicles require less energy to accelerate and maintain speed, leading to lower fuel consumption. As a result, carbon emissions are reduced, contributing to a more sustainable and environmentally friendly transportation system. In an era of tightening global emissions regulations and increasing consumer demand for fuel-efficient vehicles, lightweighting with aluminum has become a key driver in the automotive industry. Aluminum's lightweight properties directly contribute to the improved fuel economy and reduced operating costs for consumers, reinforcing its position as a favored material choice for automakers.

Stringent Emissions Regulations and Fuel Economy Standards

Stringent emissions regulations and fuel economy standards imposed by governments around the world have played a significant role in driving the adoption of aluminum in the automotive industry. Governments and regulatory bodies are imposing increasingly strict standards to reduce greenhouse gas emissions and combat climate change. To comply with these regulations and avoid substantial penalties, automakers are turning to innovative solutions, and lightweighting with aluminum is a primary strategy. Aluminum's lightweight properties enable automakers to reduce vehicle weight while maintaining structural strength and safety. This weight reduction translates into lower carbon emissions, as vehicles powered by internal combustion engines (ICE) consume less fuel. Additionally, fuel economy standards require automakers to achieve specific miles-per-gallon (MPG) targets. Aluminum's lightweight properties are instrumental in helping automakers meet these targets, as reduced vehicle weight directly contributes to improved fuel efficiency. For electric vehicles (EVs), aluminum's role in reducing weight remains critical. Lower weight in EVs leads to extended battery range and improved energy efficiency, both of which are essential for the widespread adoption of electric mobility. As governments continue to impose stringent emissions regulations and fuel economy standards, the demand for aluminum in the automotive industry is expected to persist and even intensify. This market driver aligns with global efforts to reduce the environmental impact of transportation.

Enhanced Vehicle Performance and Safety

The Global Automotive Aluminum market is driven by the desire to enhance vehicle performance and safety. Aluminum's unique combination of lightweight properties and high strength-to-weight ratio makes it an ideal material for achieving these goals. In terms of performance, aluminum's lightweight properties directly contribute to improved acceleration, handling, and braking. Lighter vehicles are more agile and responsive, leading to a better driving experience. The benefits of aluminum's lightweight nature are particularly evident in high-performance and sports vehicles where superior performance is a key selling point. Furthermore, aluminum's high strength-to-weight ratio is crucial for maintaining structural integrity and passenger safety. Automakers use aluminum in various safety-critical components, such as crumple zones, side-impact structures, and roof reinforcements. These components are designed to absorb and distribute impact forces during accidents, providing protection to vehicle occupants. Aluminum's role in enhancing vehicle safety extends to electric and hybrid vehicles, where it contributes to the protection of high-voltage components and battery enclosures. Lightweight aluminum structures in these vehicles provide both weight reduction and protection against electrical hazards. Aluminum's ability to improve performance and safety in vehicles makes it an attractive material choice for automakers seeking to offer high-performing, safe, and attractive vehicles to consumers. This market driver aligns with the automotive industry's ongoing commitment to delivering vehicles that meet evolving customer expectations.

Technological Advancements in Aluminum Alloys and Production Processes

One of the driving forces behind the growth of the Global Automotive Aluminum market is the continuous advancement of aluminum alloys and production processes. Research and development efforts in the automotive industry have led to the creation of advanced aluminum alloys with improved properties, such as higher strength, better corrosion resistance, and enhanced formability. These innovations have made aluminum alloys more attractive to automakers, as they can now meet the demanding performance requirements of modern vehicles. Advanced aluminum alloys, such as the 6000 and 7000 series, offer higher tensile strength and improved resistance to corrosion compared to conventional aluminum alloys. These alloys are used in various vehicle components, ranging from body panels to engine components and suspension parts. In addition to alloy development, advancements in processing and manufacturing techniques have expanded the application of aluminum in the automotive sector. High-pressure die casting (HPDC), for instance, enables the production of intricate and lightweight components that were once difficult to manufacture using aluminum.

 

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Key Market Challenges

Cost and Production Challenges

One of the most significant challenges in the Global Automotive Aluminum market is cost. Aluminum is more expensive per unit weight than traditional materials such as steel. While aluminum offers advantages in terms of weight reduction, fuel efficiency, and emissions reduction, the initial cost of aluminum components and the related production costs can be a barrier to widespread adoption. Aluminum requires energy-intensive extraction and refining processes, which contribute to higher production costs compared to other materials. Furthermore, aluminum manufacturing processes, such as casting and extrusion, often involve specialized equipment and tooling, which can be expensive to set up and maintain. The costs associated with specialized training for aluminum fabrication can also add to the overall expenses. Moreover, the price of aluminum can be subject to fluctuations based on factors such as global supply and demand, economic conditions, and geopolitical events. This price volatility can impact automakers' cost estimates and budgets.

Joining and Manufacturing Complexities

The use of aluminum in automotive manufacturing presents challenges related to joining and manufacturing complexities. Unlike traditional materials like steel, aluminum has unique characteristics that require special techniques for forming, welding, and bonding. Aluminum components are typically joined using techniques like welding, adhesive bonding, and mechanical fastening. However, the differing thermal expansion rates between aluminum and steel can lead to difficulties in joining the two materials, especially in mixed-material structures where steel and aluminum components are used together. Thermal expansion mismatches can result in joint failures and reduced structural integrity, posing challenges for automakers. In addition, aluminum components often require different manufacturing processes and specialized equipment compared to steel or other materials. Extrusion, casting, and stamping processes for aluminum are not the same as those used for steel, necessitating substantial capital investments and retooling of manufacturing facilities. Furthermore, the lightweight nature of aluminum can lead to potential manufacturing challenges, particularly when it comes to the durability and stability of formed components. Proper handling and quality control are essential to prevent damage during manufacturing processes.

Recycling and Sustainability Considerations

Sustainability is a key focus in the automotive industry, and the use of aluminum presents both opportunities and challenges in this regard. While aluminum is a highly recyclable material, the recycling process can be energy-intensive and costly. The recycling infrastructure for aluminum is not as developed or widespread as that for other materials like steel. Additionally, the separation and sorting of aluminum from other materials in end-of-life vehicles can be challenging, and contamination from non-aluminum components can affect the quality of the recycled aluminum. This issue can hinder the ability to reuse aluminum in high-value applications, such as automotive components. Moreover, recycling rates for aluminum in the automotive sector may vary from one region to another, depending on the availability of recycling facilities and regulations. The lack of uniform recycling practices and standards can lead to inefficiencies and inconsistency in sustainability efforts.

Material Compatibility and Vehicle Safety

The use of aluminum in vehicle construction can introduce challenges related to material compatibility and vehicle safety. When aluminum components are integrated into a vehicle alongside other materials, such as steel or composites, compatibility issues may arise. Differing thermal expansion coefficients between aluminum and other materials can result in uneven stress distribution at joint interfaces, potentially leading to structural fatigue and corrosion. This incompatibility can compromise the safety and durability of the vehicle. Moreover, the crashworthiness of aluminum components can be different from that of traditional materials like steel. Vehicle crash safety standards and regulations require careful consideration when designing and manufacturing vehicles with aluminum components. Ensuring that aluminum components meet safety requirements while minimizing weight is a complex challenge.

Limited Material Availability and Supply Chain Challenges

The availability and capacity of the aluminum supply chain present a significant challenge to the Global Automotive Aluminum market. While aluminum is abundant, production capacity for high-quality automotive-grade aluminum can be limited. The automotive industry requires specific aluminum alloys with precise mechanical properties and quality standards, which may not be readily available in large quantities. The limited supply of automotive-grade aluminum can lead to supply disruptions and challenges in meeting the demand for aluminum components. To address this issue, automakers must work closely with aluminum suppliers to secure a stable supply of the necessary alloys. This may involve long-term agreements and partnerships to ensure a consistent and reliable supply. Supply chain challenges also extend to the transportation and logistics of aluminum components. Aluminum components, due to their lightweight nature, can be bulkier than their steel counterparts, requiring specialized handling and transportation to prevent damage. Ensuring the efficient movement of aluminum components through the supply chain is critical to maintaining production schedules and meeting market demand.

Key Market Trends

Lightweighting for Enhanced Fuel Efficiency

One of the most prominent and enduring trends in the Global Automotive Aluminum market is the industry-wide emphasis on lightweighting. Lightweight materials, such as aluminum, are essential to achieving improved fuel efficiency, reducing emissions, and enhancing vehicle performance. Aluminum is known for its exceptional strength-to-weight ratio, making it an ideal material for reducing the overall weight of a vehicle without compromising structural integrity and safety. As automotive manufacturers strive to meet increasingly stringent fuel efficiency standards and emissions regulations, aluminum has emerged as a key enabler in this pursuit. By incorporating aluminum in various vehicle components, such as body structures, chassis, and powertrains, automakers can significantly reduce vehicle weight, resulting in reduced fuel consumption and carbon emissions. Aluminum-intensive vehicles are inherently more fuel-efficient, as they require less energy to move and generate less exhaust emissions, contributing to a cleaner and more sustainable transportation ecosystem. This trend is not limited to passenger cars; it also extends to commercial vehicles, where weight reduction can lead to improved payload capacity and fuel economy. Furthermore, aluminum's lightweight properties play a crucial role in the development of electric vehicles (EVs) and hybrids, as lower vehicle weight can help extend battery range and optimize energy efficiency, addressing key challenges in the electrification of the automotive industry.

Sustainability and Environmental Considerations

Sustainability is a central theme in the automotive industry, and aluminum aligns with this trend due to its eco-friendly attributes. Automakers are increasingly focused on reducing their carbon footprint and promoting sustainability throughout a vehicle's lifecycle. Aluminum's recyclability, abundance, and lower environmental impact compared to other materials make it a valuable choice for vehicle manufacturing. Aluminum is highly recyclable, and the recycling process requires significantly less energy compared to primary aluminum production. This makes recycling aluminum an environmentally responsible choice, reducing the need for additional mining and refining of primary aluminum. The scrap generated from aluminum components can be efficiently processed and reused, resulting in both economic and environmental benefits. Additionally, aluminum's abundant availability contributes to its sustainability. Unlike some materials that may be resource-constrained, aluminum is one of the most abundant elements on Earth, ensuring a reliable supply source for the automotive industry. Moreover, aluminum components can lead to reduced vehicle weight, which, as mentioned earlier, contributes to improved fuel efficiency and reduced emissions. By choosing aluminum for components such as body panels, automakers can effectively reduce the environmental impact of their vehicles. These sustainability considerations align with the broader global efforts to reduce greenhouse gas emissions and address climate change. As governments and consumers become more environmentally conscious, the use of aluminum in the automotive industry is expected to continue to grow.

Innovations in Material Composition and Production Techniques

The Global Automotive Aluminum market is marked by continuous innovations in material composition and production techniques. Research and development efforts are focused on creating aluminum alloys with enhanced properties, such as higher strength, improved corrosion resistance, and advanced formability. These innovations allow automakers to utilize aluminum in a wider range of applications, including those with demanding performance requirements. Alloying elements, such as copper, manganese, and silicon, are added to aluminum to modify its properties. Advanced aluminum alloys offer greater strength, allowing automakers to use aluminum in structural components that require high load-bearing capacity. In addition to alloy composition, advancements in processing and manufacturing techniques have expanded the possibilities for aluminum applications. High-pressure die casting (HPDC), for example, has improved the casting process, enabling the production of intricate and lightweight components that were once challenging to manufacture using aluminum. Furthermore, innovations in heat treatment, surface treatment, and forming processes have enhanced the formability, durability, and corrosion resistance of aluminum components, making them suitable for a broader array of vehicle parts, including body panels, engine components, and suspension elements. The development of aluminum manufacturing technologies is integral to expanding the use of aluminum in the automotive industry, meeting evolving performance and sustainability requirements.

Electrification and Lightweighting in Electric Vehicles (EVs)

The growing trend of electrification in the automotive industry is strongly linked to the use of aluminum for lightweighting. EVs have become a key focus for automakers as they seek to reduce greenhouse gas emissions and offer energy-efficient transportation solutions. Aluminum plays a crucial role in EV design, addressing the challenges associated with electric powertrains and battery systems. One of the primary concerns in EV design is the weight of high-voltage components, including batteries and electric motors. Aluminum's lightweight properties are essential for optimizing energy efficiency and battery range in EVs. By reducing the overall weight of the vehicle, automakers can enhance the performance and driving range of EVs while maintaining structural integrity. Moreover, the inherent strength of aluminum contributes to the safety of high-voltage components and battery enclosures. Aluminum is used to create protective structures that shield batteries and other electrical systems, safeguarding them in the event of an accident or collision. The lightweight properties of aluminum not only enhance the performance of EVs but also play a vital role in addressing their charging infrastructure. Lightweight vehicles can reduce the strain on charging infrastructure, making EVs more practical for daily use. As the automotive industry continues its transition toward electrification, the demand for aluminum in EV applications is expected to increase, further bolstering the Global Automotive Aluminum market.

Segmental Insights

Product Type Analysis

Cast aluminum dominates the market. Cast Aluminum represented the largest segment. Cast aluminum in the automotive industry is primarily achieved. through three main processes: die casting, permanent mold casting, and sand casting. Die casting is the most common method that involves forcing molten aluminum into a mold under high pressure. This technique is ideal for creating complex shapes and is generally used for components like engine casings. and transmission housings. Permanent mold casting uses reusable molds, typically made of steel or iron, and is often employed for making parts that require higher strength, such as wheels. Sand casting, the oldest casting method, uses sand molds to shape the aluminum.


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Regional Insights

Over the course of the forecast period, Asia Pacific is expected to continue being the largest regional market in terms of revenue. The primary drivers of growth in the regional automotive industry are the rising investments in the industry as well as the rising demand for automobiles in nations like China and India. The Volkswagen Group declared in July 2018 that it would increase its investment in India by approximately USD 1.12 billion by 2021 in order to increase its market share. Over the course of the forecast period, North America is expected to grow at the highest CAGR in terms of revenue. Aluminum use in the automotive industry is expected to decline due to consumer preferences for high-quality, fuel-efficient cars and strict CAFE regulations aimed at enhancing vehicle fuel economy.

Recent Developments

  • Constellium declared in 2021 that it would provide the aluminum structural parts for the newly unveiled all-electric Ford F-150 Lightning.
  • At its Tonder, Denmark, location, Norsk Hydro ASA invested NOK 300 million in a new automobile extrusion press in 2022. The European car and electric vehicle markets are served by the new 12-inch, 6000-ton extrusion press.
  • Novelis just revealed that its new roll forming development line will begin operations in 2023, helping to satisfy industry demand for a method able to generate big quantities of high-strength aluminum vehicle parts.

Key Market Players

  • Alcoa Inc.
  • Novelis
  • Rio Tinto Alcan
  • Constellium
  • AMG Advanced Metallurgical
  • UACJ Corporation
  • Norsk Hydro ASA
  • Dana Holding Corporation
  • Progress-Werk Oberkirch AG
  • Kaiser Aluminum

By Vehicle Type

By Product Type

By Application Type

By Region
  • Passenger Cars
  • Light Commercial Vehicles
  • Medium & Heavy Commercial Vehicles
  • Cast
  • Rolled
  • Extruded
  • Powertrain
  • Chassis & Suspension
  • Car Body
  • Others
  • North America
  • Europe & CIS
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Automotive Aluminum Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Automotive Aluminum Market, By Vehicle Type:

o   Passenger Cars

o   Light Commercial Vehicles

o   Medium & Heavy Commercial Vehicles

  • Automotive Aluminum Market, By Product Type:

o   Cast

o   Rolled

o   Extruded

  • Automotive Aluminum Market, By Application Type:

o   Powertrain

o   Chassis & Suspension

o   Car Body

o   Others

  • Automotive Aluminum Market, By Region:

o   Asia-Pacific

§  China

§  India

§  Japan

§  Indonesia

§  Thailand

§  South Korea

§  Australia

o   Europe & CIS

§  Germany

§  Spain

§  France

§  Russia

§  Italy

§  United Kingdom

§  Belgium

o   North America

§  United States

§  Canada

§  Mexico

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Turkey

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Automotive Aluminum Market.

Available Customizations:

Global Automotive Aluminum market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

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Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Impact of COVID-19 on Global Automotive Aluminum Market

5.    Global Automotive Aluminum Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value

5.2.  Market Share & Forecast

5.2.1.     By Vehicle Type Market Share Analysis (Passenger Cars, Light Commercial Vehicles, Medium & Heavy Commercial Vehicles)

5.2.2.     By Product Type Market Share Analysis (Cast, Rolled, Extruded)

5.2.3.     By Application Type Market Share Analysis (Powertrain, Chassis & Suspension, Car Body, Others)

5.2.4.     By Regional Market Share Analysis

5.2.4.1.         Asia-Pacific Market Share Analysis

5.2.4.2.         Europe & CIS Market Share Analysis

5.2.4.3.         North America Market Share Analysis

5.2.4.4.         South America Market Share Analysis

5.2.4.5.         Middle East & Africa Market Share Analysis

5.2.5.     By Company Market Share Analysis (Top 5 Companies, Others - By Value, 2022)

5.3.  Global Automotive Aluminum Market Mapping & Opportunity Assessment

5.3.1.     By Vehicle Type Market Mapping & Opportunity Assessment

5.3.2.     By Product Type Market Mapping & Opportunity Assessment

5.3.3.     By Application Type Market Mapping & Opportunity Assessment

5.3.4.     By Regional Market Mapping & Opportunity Assessment

6.    Asia-Pacific Automotive Aluminum Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value  

6.2.  Market Share & Forecast

6.2.1.     By Vehicle Type Market Share Analysis

6.2.2.     By Product Type Market Share Analysis

6.2.3.     By Application Type Market Share Analysis

6.2.4.     By Country Market Share Analysis

6.2.4.1.         China Market Share Analysis

6.2.4.2.         India Market Share Analysis

6.2.4.3.         Japan Market Share Analysis

6.2.4.4.         Indonesia Market Share Analysis

6.2.4.5.         Thailand Market Share Analysis

6.2.4.6.         South Korea Market Share Analysis

6.2.4.7.         Australia Market Share Analysis

6.2.4.8.         Rest of Asia-Pacific Market Share Analysis

6.3.  Asia-Pacific: Country Analysis

6.3.1.     China Automotive Aluminum Market Outlook

6.3.1.1.         Market Size & Forecast

6.3.1.1.1.             By Value  

6.3.1.2.         Market Share & Forecast

6.3.1.2.1.             By Vehicle Type Market Share Analysis

6.3.1.2.2.             By Product Type Market Share Analysis

6.3.1.2.3.             By Application Type Market Share Analysis

6.3.2.     India Automotive Aluminum Market Outlook

6.3.2.1.         Market Size & Forecast

6.3.2.1.1.             By Value  

6.3.2.2.         Market Share & Forecast

6.3.2.2.1.             By Vehicle Type Market Share Analysis

6.3.2.2.2.             By Product Type Market Share Analysis

6.3.2.2.3.             By Application Type Market Share Analysis

6.3.3.     Japan Automotive Aluminum Market Outlook

6.3.3.1.         Market Size & Forecast

6.3.3.1.1.             By Value  

6.3.3.2.         Market Share & Forecast

6.3.3.2.1.             By Vehicle Type Market Share Analysis

6.3.3.2.2.             By Product Type Market Share Analysis

6.3.3.2.3.             By Application Type Market Share Analysis

6.3.4.     Indonesia Automotive Aluminum Market Outlook

6.3.4.1.         Market Size & Forecast

6.3.4.1.1.             By Value  

6.3.4.2.         Market Share & Forecast

6.3.4.2.1.             By Vehicle Type Market Share Analysis

6.3.4.2.2.             By Product Type Market Share Analysis

6.3.4.2.3.             By Application Type Market Share Analysis

6.3.5.     Thailand Automotive Aluminum Market Outlook

6.3.5.1.         Market Size & Forecast

6.3.5.1.1.             By Value  

6.3.5.2.         Market Share & Forecast

6.3.5.2.1.             By Vehicle Type Market Share Analysis

6.3.5.2.2.             By Product Type Market Share Analysis

6.3.5.2.3.             By Application Type Market Share Analysis

6.3.6.     South Korea Automotive Aluminum Market Outlook

6.3.6.1.         Market Size & Forecast

6.3.6.1.1.             By Value  

6.3.6.2.         Market Share & Forecast

6.3.6.2.1.             By Vehicle Type Market Share Analysis

6.3.6.2.2.             By Product Type Market Share Analysis

6.3.6.2.3.             By Application Type Market Share Analysis

6.3.7.     Australia Automotive Aluminum Market Outlook

6.3.7.1.         Market Size & Forecast

6.3.7.1.1.             By Value  

6.3.7.2.         Market Share & Forecast

6.3.7.2.1.             By Vehicle Type Market Share Analysis

6.3.7.2.2.             By Product Type Market Share Analysis

6.3.7.2.3.             By Application Type Market Share Analysis

7.    Europe & CIS Automotive Aluminum Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value  

7.2.  Market Share & Forecast

7.2.1.     By Vehicle Type Market Share Analysis

7.2.2.     By Product Type Market Share Analysis

7.2.3.     By Application Type Market Share Analysis

7.2.4.     By Country Market Share Analysis

7.2.4.1.         Germany Market Share Analysis

7.2.4.2.         Spain Market Share Analysis

7.2.4.3.         France Market Share Analysis

7.2.4.4.         Russia Market Share Analysis

7.2.4.5.         Italy Market Share Analysis

7.2.4.6.         United Kingdom Market Share Analysis

7.2.4.7.         Belgium Market Share Analysis

7.2.4.8.         Rest of Europe & CIS Market Share Analysis

7.3.  Europe & CIS: Country Analysis

7.3.1.     Germany Automotive Aluminum Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value  

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Vehicle Type Market Share Analysis

7.3.1.2.2.             By Product Type Market Share Analysis

7.3.1.2.3.             By Application Type Market Share Analysis

7.3.2.     Spain Automotive Aluminum Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value  

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Vehicle Type Market Share Analysis

7.3.2.2.2.             By Product Type Market Share Analysis

7.3.2.2.3.             By Application Type Market Share Analysis

7.3.3.     France Automotive Aluminum Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value  

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Vehicle Type Market Share Analysis

7.3.3.2.2.             By Product Type Market Share Analysis

7.3.3.2.3.             By Application Type Market Share Analysis

7.3.4.     Russia Automotive Aluminum Market Outlook

7.3.4.1.         Market Size & Forecast

7.3.4.1.1.             By Value  

7.3.4.2.         Market Share & Forecast

7.3.4.2.1.             By Vehicle Type Market Share Analysis

7.3.4.2.2.             By Product Type Market Share Analysis

7.3.4.2.3.             By Application Type Market Share Analysis

7.3.5.     Italy Automotive Aluminum Market Outlook

7.3.5.1.         Market Size & Forecast

7.3.5.1.1.             By Value  

7.3.5.2.         Market Share & Forecast

7.3.5.2.1.             By Vehicle Type Market Share Analysis

7.3.5.2.2.             By Product Type Market Share Analysis

7.3.5.2.3.             By Application Type Market Share Analysis

7.3.6.     United Kingdom Automotive Aluminum Market Outlook

7.3.6.1.         Market Size & Forecast

7.3.6.1.1.             By Value  

7.3.6.2.         Market Share & Forecast

7.3.6.2.1.             By Vehicle Type Market Share Analysis

7.3.6.2.2.             By Product Type Market Share Analysis

7.3.6.2.3.             By Application Type Market Share Analysis

7.3.7.     Belgium Automotive Aluminum Market Outlook

7.3.7.1.         Market Size & Forecast

7.3.7.1.1.             By Value  

7.3.7.2.         Market Share & Forecast

7.3.7.2.1.             By Vehicle Type Market Share Analysis

7.3.7.2.2.             By Product Type Market Share Analysis

7.3.7.2.3.             By Application Type Market Share Analysis

8.    North America Automotive Aluminum Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value  

8.2.  Market Share & Forecast

8.2.1.     By Vehicle Type Market Share Analysis

8.2.2.     By Product Type Market Share Analysis

8.2.3.     By Application Type Market Share Analysis

8.2.4.     By Country Market Share Analysis

8.2.4.1.         United States Market Share Analysis

8.2.4.2.         Mexico Market Share Analysis

8.2.4.3.         Canada Market Share Analysis

8.3.  North America: Country Analysis

8.3.1.     United States Automotive Aluminum Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value  

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Vehicle Type Market Share Analysis

8.3.1.2.2.             By Product Type Market Share Analysis

8.3.1.2.3.             By Application Type Market Share Analysis

8.3.2.     Mexico Automotive Aluminum Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value  

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Vehicle Type Market Share Analysis

8.3.2.2.2.             By Product Type Market Share Analysis

8.3.2.2.3.             By Application Type Market Share Analysis

8.3.3.     Canada Automotive Aluminum Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value  

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Vehicle Type Market Share Analysis

8.3.3.2.2.             By Product Type Market Share Analysis

8.3.3.2.3.             By Application Type Market Share Analysis

9.    South America Automotive Aluminum Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value  

9.2.  Market Share & Forecast

9.2.1.     By Vehicle Type Market Share Analysis

9.2.2.     By Product Type Market Share Analysis

9.2.3.     By Application Type Market Share Analysis

9.2.4.     By Country Market Share Analysis

9.2.4.1.         Brazil Market Share Analysis

9.2.4.2.         Argentina Market Share Analysis

9.2.4.3.         Colombia Market Share Analysis

9.2.4.4.         Rest of South America Market Share Analysis

9.3.  South America: Country Analysis

9.3.1.     Brazil Automotive Aluminum Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value  

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Vehicle Type Market Share Analysis

9.3.1.2.2.             By Product Type Market Share Analysis

9.3.1.2.3.             By Application Type Market Share Analysis

9.3.2.     Colombia Automotive Aluminum Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value  

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Vehicle Type Market Share Analysis

9.3.2.2.2.             By Product Type Market Share Analysis

9.3.2.2.3.             By Application Type Market Share Analysis

9.3.3.     Argentina Automotive Aluminum Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value  

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Vehicle Type Market Share Analysis

9.3.3.2.2.             By Product Type Market Share Analysis

9.3.3.2.3.             By Application Type Market Share Analysis

10.  Middle East & Africa Automotive Aluminum Market Outlook

10.1.             Market Size & Forecast

10.1.1.  By Value   

10.2.             Market Share & Forecast

10.2.1.  By Vehicle Type Market Share Analysis

10.2.2.  By Product Type Market Share Analysis

10.2.3.  By Application Type Market Share Analysis

10.2.4.  By Country Market Share Analysis

10.2.4.1.      South Africa Market Share Analysis

10.2.4.2.      Turkey Market Share Analysis

10.2.4.3.      Saudi Arabia Market Share Analysis

10.2.4.4.      UAE Market Share Analysis

10.2.4.5.      Rest of Middle East & Africa Market Share Africa

10.3.             Middle East & Africa: Country Analysis

10.3.1.  South Africa Automotive Aluminum Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value  

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Vehicle Type Market Share Analysis

10.3.1.2.2.           By Product Type Market Share Analysis

10.3.1.2.3.           By Application Type Market Share Analysis

10.3.2.  Turkey Automotive Aluminum Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value  

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Vehicle Type Market Share Analysis

10.3.2.2.2.           By Product Type Market Share Analysis

10.3.2.2.3.           By Application Type Market Share Analysis

10.3.3.  Saudi Arabia Automotive Aluminum Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value  

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Vehicle Type Market Share Analysis

10.3.3.2.2.           By Product Type Market Share Analysis

10.3.3.2.3.           By Application Type Market Share Analysis

10.3.4.  UAE Automotive Aluminum Market Outlook

10.3.4.1.      Market Size & Forecast

10.3.4.1.1.           By Value  

10.3.4.2.      Market Share & Forecast

10.3.4.2.1.           By Vehicle Type Market Share Analysis

10.3.4.2.2.           By Product Type Market Share Analysis

10.3.4.2.3.           By Application Type Market Share Analysis

11.  SWOT Analysis

11.1.             Strength

11.2.             Weakness

11.3.             Opportunities

11.4.             Threats

12.  Market Dynamics

12.1.             Market Drivers

12.2.             Market Challenges

13.  Market Trends and Developments

14.  Competitive Landscape

14.1.             Company Profiles (Up to 10 Major Companies)

14.1.1.  Alcoa Inc.

14.1.1.1.      Company Details

14.1.1.2.      Key Product Offered

14.1.1.3.      Financials (As Per Availability)

14.1.1.4.      Recent Developments

14.1.1.5.      Key Management Personnel

14.1.2.  Novelis.

14.1.2.1.      Company Details

14.1.2.2.      Key Product Offered

14.1.2.3.      Financials (As Per Availability)

14.1.2.4.      Recent Developments

14.1.2.5.      Key Management Personnel

14.1.3.  Rio Tinto Alcan.

14.1.3.1.      Company Details

14.1.3.2.      Key Product Offered

14.1.3.3.      Financials (As Per Availability)

14.1.3.4.      Recent Developments

14.1.3.5.      Key Management Personnel

14.1.4.  Constellium

14.1.4.1.      Company Details

14.1.4.2.      Key Product Offered

14.1.4.3.      Financials (As Per Availability)

14.1.4.4.      Recent Developments

14.1.4.5.      Key Management Personnel

14.1.5.  AMG Advanced Metallurgical.

14.1.5.1.      Company Details

14.1.5.2.      Key Product Offered

14.1.5.3.      Financials (As Per Availability)

14.1.5.4.      Recent Developments

14.1.5.5.      Key Management Personnel

14.1.6.  UACJ Corporation

14.1.6.1.      Company Details

14.1.6.2.      Key Product Offered

14.1.6.3.      Financials (As Per Availability)

14.1.6.4.      Recent Developments

14.1.6.5.      Key Management Personnel

14.1.7.  Norsk Hydro ASA

14.1.7.1.      Company Details

14.1.7.2.      Key Product Offered

14.1.7.3.      Financials (As Per Availability)

14.1.7.4.      Recent Developments

14.1.7.5.      Key Management Personnel

14.1.8.  Dana Holding Corporation.

14.1.8.1.      Company Details

14.1.8.2.      Key Product Offered

14.1.8.3.      Financials (As Per Availability)

14.1.8.4.      Recent Developments

14.1.8.5.      Key Management Personnel

14.1.9.  Progress-Werk Oberkirch AG.

14.1.9.1.      Company Details

14.1.9.2.      Key Product Offered

14.1.9.3.      Financials (As Per Availability)

14.1.9.4.      Recent Developments

14.1.9.5.      Key Management Personnel

14.1.10.                Kaiser Aluminum.

14.1.10.1.    Company Details

14.1.10.2.    Key Product Offered

14.1.10.3.    Financials (As Per Availability)

14.1.10.4.    Recent Developments

14.1.10.5.    Key Management Personnel

15.  Strategic Recommendations

15.1.             Key Focus Areas

15.1.1.  Target Regions

15.1.2.  Target Vehicle Type

15.1.3.  Target By Product Type

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Automotive Aluminum Market was estimated to be USD 27 billion in 2022.

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Cast aluminum dominates the market. Cast Aluminum represented the largest segment. Cast aluminum in the automotive industry is primarily achieved. through three main processes: die casting, permanent mold casting, and sand casting. Die casting is the most common method that involves forcing molten aluminum into a mold under high pressure. This technique is ideal for creating complex shapes and is generally used for components like engine casings. and transmission housings.

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Over the course of the forecast period, Asia Pacific is expected to continue being the largest regional market in terms of revenue. The primary drivers of growth in the regional automotive industry are the rising investments in the industry as well as the rising demand for automobiles in nations like China and India. The Volkswagen Group declared in July 2018 that it would increase its investment in India by approximately USD 1.12 billion by 2021 in order to increase its market share. Over the course of the forecast period, North America is expected to grow at the highest CAGR in terms of revenue.

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Lightweighting for Improved Fuel Efficiency, Enhanced Vehicle Performance and Safety, and Stringent Emissions Regulations and Fuel Economy Standards are the major drivers for the Global Automotive Aluminum Market.

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Srishti Verma

Business Consultant
Press Release

Automotive Aluminum Market to Grow with a CAGR of 5.74% Globally through to 2028

Feb, 2024

Light weighting for Improved Fuel Efficiency, Enhanced Vehicle Performance and Safety, and Stringent Emissions Regulations and Fuel Economy Standards are factors driving the Global Automotive Aluminu

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