PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1408509
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1408509
According to SPER Market Research, 'Automotive Aluminium Market Size- By Product Form, By Application, By Vehicle Type - Regional Outlook, Competitive Strategies and Segment Forecast to 2033 'state that the Automotive Aluminium Market is predicted to reach USD 170.48 billion by 2033 with a CAGR of 13%.
A variety of components, including silicon, vanadium oxides, titanium, aluminium hydroxide, sulphuric calcium, and gallium carbonates, are found in alloy sulphates, which are produced from bauxite. With a high tensile strength and ease of melding, aluminium is substantially lighter than steel. These benefits have made aluminium a popular metal across many industries. The automobile industry uses a lot of aluminium due to its low cost.
The COVID-19 pandemic's short- and long-term consequences, demand share inequalities, supply chain interruptions, and economic conditions all had a severe influence on the automotive aluminium market. The crisis has caused the economy of the entire market to slow down. It is also expected that growing car production costs will impede market expansion. Moreover, the growth of the automotive aluminium market was negatively impacted by supply chain interruptions, variations in demand share, economic conditions, and the immediate and long-term effects of the COVID-19 pandemic.
Market size available for years 2019-2033
Base year considered 2022
Forecast period 2023-2033
Segments covered By Product Form, By Application, By Vehicle Type
Regions covered
North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
Companies Covered Alcoa Inc., Aluminium Corporation, AMG Advanced, BHP Billiton, Chalco, Constellium, Jindal Aluminium, Norsk Hydro ASA, Novelis Inc., Rio Tinto.
By Product Type: Based on the Product Type, Global Automotive Aluminium Market is segmented as. Cast Aluminium, Rolled Aluminium, Extruded Aluminium.
By Application: Based on the Application, Global Automotive Aluminium Market is segmented as; Powertrain, Chassis, Suspension, Car Body.
By Vehicle Type: Based on the Vehicle Type, Global Automotive Aluminium Market is segmented as; Passenger Car, LCV, HCV.