Uploaded on Feb 16, 2021
Automotive Aluminum Market Top Players, Business Opportunities, Regional Analysis and Forecast 2027
Automotive Aluminum
Automotive Aluminum Market Top Players, Business Opportunities, Regional Analysis and
Forecast 2027
Market Overview
Aluminum is 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.
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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:
•Aluminum castings
•Aluminum extrusion
•Aluminum sheets
•Flat rolled products
On the basis of vehicle type, global market is classified into:
•Passenger cars
•Light commercial vehicles
•Heavy commercial vehicles
On the basis of sales channel, global market is classified into:
•Original equipment manufacturer
•Aftermarket
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.
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