Albany, NY -- (SBWIRE) -- 01/17/2017 -- Aluminum is a preferred material in the automotive industry because of its strength, safety, and durability. Use of aluminum in passenger and commercial vehicles allows boosting of fuel economy and reducing vehicular emissions.
The global automotive industry is driven by improvements in macroeconomic conditions and demands from the developing market. Automotive manufacturers have been using steel products for engine parts and auto sheets, which are now being replaced with aluminum. With changing customer preferences, the automotive industry has seen changes in technologies focusing on safety, comfort, low carbon emission, fuel efficiency, and lightweight. Aluminum is used for lightweight design concept covering areas of drivetrain, heat exchangers, body, chassis, and related equipment.

Technavios analysts forecast the global aluminum market for automotive industry to grow at a CAGR of 4.5% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global aluminum market for automotive industry for 2016-2020.

The market is divided into the following segments based on geography:
Europe
Middle East
US and Canada
India
Central and South America
ROW

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Technavio's report, Global Aluminum Market for Automotive Industry 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Alcoa
Aleris
Chalco
Constellium
Norsk Hydro
Novelis

Other prominent vendors
Kaiser Aluminum
Rio Tinto Alcan
RUSAL

Market driver
Shift from ferrous to non-ferrous casting
For a full, detailed list, view our report

Market challenge
Fluctuating LME prices
For a full, detailed list, view our report

Market trend
Aluminum products for crash management system
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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