Transparency
Market Research Reports incorporated a definite business overview and
investigation inclines on "Automotive Aluminum Market".
This report likewise incorporates more illumination about fundamental
review of the business including definitions, requisitions and
worldwide business sector industry structure.
The
automotive industry is committed creating a generation of vehicles
that offers superior fuel efficiency without compromising safety,
performance, or comfort. Aluminum offers automakers the opportunity
to design and manufacture safe, high-performance, energy-efficient,
corrosion resistance and environmentally friendly vehicles that are
much lighter in weight. In addition to taking advantage of the
lighter mass of aluminum compared to steel for the body of the
vehicle, further weight reduction is possible through secondary
weight savings in the engine, transmission, brakes, wheels, tires,
fuel tank, and other systems.
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Substituting
one pound of aluminum for steel parts, the auto designers can remove
2.0 to 2.5 pounds of cast iron, making the use of aluminum very
attractive. The majority of this aluminum is used in automotive and
light truck applications. Aluminum used in cars and trucks are
segmented depending on their used as aluminum casting, as aluminum
extrusion, as aluminum Flat Rolled Products (FRP) aluminum sheets.
Cast products contribute more than half of the aluminum used in cars.
Cast aluminum transmission housing and pistons have been virtually
universal in cars and trucks throughout the world. Aluminum sheet is
currently used in two classes of automotive applications including
auto body frame and closure panels. Heat exchanger fins and plates
and aluminum sheets for chassis are some of the applications in it.
Extruded aluminum is the material of choice for countless
applications such as sun roof channels and roof rails. Various alloys
can be readily formed into complex shapes. Two wheeler industry
mainly used aluminum for manufacturing alloy wheels.
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One
of the major factors driving this market is continuous growth in
automotive production and sales. Government regulations on
environment are also enhancing the growth of this market as 90% of
aluminum can be recycled. Increasing fuel price is also boosting the
usage of aluminum as reduction in weight of vehicles saves 5 to 7% of
fuel. The availability of other lightweight material (reinforced
plastic and magnesium) could pose a challenge to the growth of this
market. Asia Pacific is the fastest growing market for automotive
aluminum industry due to the rapid industrialization in China. Europe
dominates the market with largest car manufacturers followed by APAC,
North America, Latin America and rest of the world.
Some
of the major companies in this market are Alcan, Alcoa, Aluminum
Precision Products, Grupo Metalur, Kaiser Aluminum, Lorin, Novelis,
Rio Tinto, Sapa Group, Superior Aluminum Alloys Inc. and others.
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