Aluminum and its alloys have unique properties such as lightweight, high tensile strength, and high corrosion resistance, making it a good replacement for steel that has conventionally been used to make a vehicle’s body and its components. It offers a fast, cost-effective, and an environmentally friendly way to boost fuel economy, reduce emissions, and increase performance, enhancing or maintaining durability and safety. A vehicle with components made of aluminum is about 24 percent lighter than that with components made of steel.
Analysts forecast the Automotive Aluminum market in the APAC region to grow at a CAGR of 7.95 percent over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the Automotive Aluminum market in the APAC region for the period 2015-2019. To calculate the market size, the report considers the revenue generated through sales of automotive aluminum across all geographies. It analyzes the sales of automotive aluminum to OEMs.
Automotive Aluminum Market in APAC 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Automotive Aluminum market landscape in the APAC region and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Aluminum Corporation of China
Rio Tinto Alcan
United Company RUSAL
Other Prominent Vendors
Rise in Vehicle Production and Sales in APAC
Fluctuating Aluminum Prices and Added Fabrication Costs
Net Aluminum Pounds per Vehicle
Key Questions Answered in this Report
What will the market size be in 2019 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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