Automotive Aluminum Market Overview:
The Automotive Aluminum Market size is
projected to reach US$133.41 Billion by 2030, growing at a CAGR of 8.72%
during the forecast period 2022-2030. The base year considered for the study is
2021 and the forecast period is 2022 to 2030. The Russian Federation Automotive
Aluminum Market includes all kinds of aluminum used in automobile manufacturing
such as passenger cars, commercial cars, trucks, buses and other vehicles.
The automotive aluminum market is growing as manufacturers shift towards
lightweight materials to improve fuel efficiency and reduce emissions. South
Korean automakers, known for their innovation, are increasingly using aluminum
in vehicle bodies and components to meet stringent fuel economy regulations and
consumer demand for more eco-friendly cars. The market is also benefiting from
advancements in aluminum processing technologies, enabling stronger and more
durable automotive parts.
United Kingdom Automotive
Aluminum Market Executive Summary
The automotive
industry is the largest consumer of aluminum in the world. The metal is used to
make everything from car parts to vehicle exteriors. As a result, the market
for aluminum has grown over the past few years, with demand coming primarily
from China and India. Furthermore, many automakers are looking to use aluminum
in their vehicles as they seek ways to improve fuel efficiency. Automakers are
also looking at using lighter weight materials in order to meet stricter
emissions standards set by governments around the world.
United Kingdom Automotive
Aluminum Market Dynamics
The Russian
Federation Automotive Aluminum Market has seen a recent boom in both size and
growth. The Russian Federation Automotive Aluminum Market is expected to grow
at a CAGR of 8.2% during the forecast period of 2016-2020. This is primarily
due to the rising demand for lightweight cars with increasing fuel efficiency
standards, which require lighter and more durable materials such as aluminum.
For instance, the global production of light weight vehicles has increased from
5% in 1995 to 40% in 2015.
United Kingdom Automotive
Aluminum Market Competitive Landscape
- Alcoa Corporation
- Novelis Inc.
- UACJ Corporation
- Norsk Hydro ASA
- AMG Advanced Metallurgical Group
- Constellium
- Aluminum Corporation of China Limited
- Rio Tinto Group
- Aleris Corporation
- Autoneum Holding AG
- Dana Limited
- ElringKlinger AG
- Progress-Werk Oberkirch AG
- JINDAL ALUMINIUM LTD.
- Kaiser Aluminum
- Lorin Industries
Automotive Aluminum
Components:
- Engine Blocks and Cylinder Heads: Typically made from cast aluminum alloys
like A356 due to their ability to withstand high temperatures and
pressures.
- Transmission Cases: Made from cast aluminum alloys such as
A380, which offer good strength and durability.
- Wheels: Often made from cast aluminum alloys for
their lightweight and strength.
- Body Panels: Made from wrought aluminum alloys like 5xxx
and 6xxx series for their formability and corrosion resistance.
- Chassis Components: Include suspension parts, subframes, and
control arms, usually made from 6xxx or 7xxx series for their strength
and weight reduction benefits.
- Type of Aluminum for Car Bodies:
- 5xxx Series (e.g., 5052, 5083): Offers excellent corrosion resistance and
moderate strength, making it suitable for exterior panels.
- 6xxx Series (e.g., 6061, 6063): Provides a good combination of strength,
formability, and weldability, making it ideal for structural components
and body panels.
- 5xxx series alloys: Often used for body panels due to their
excellent formability and corrosion resistance.
- 6xxx series alloys: Preferred for structural components like
doors, hoods, and chassis parts because of their higher strength and good
workability.
Research Methodology
We have conducted a
qualitative research to analyze the global Russian Federation Automotive Aluminum Market size. This
report is based on in-depth interviews with key industry experts, an assessment
of the competitive dynamics within the industry, as well as an analysis of the
macro-economic drivers that influence demand. We have also used secondary
sources to validate and elaborate on our primary findings.
Global Russian
Federation Automotive Aluminum Market, By Vehicle Type
The global Russian
Federation Automotive Aluminum Market size is expected to grow at a CAGR of
6.5% during the forecast period (2017-2027). The increasing demand for light
weight vehicles owing to their efficiency in terms of fuel consumption,
emissions, and reduced maintenance costs is one of the key factors driving the
growth of the Russian Federation Automotive Aluminum Market.
Global Russian
Federation Automotive Aluminum Market, By Application
The global Russian
Federation Automotive Aluminum Market is expected to grow from USD 23.2 billion
in 2016 to USD 39.4 billion by 2023, at a CAGR of 7.8% from 2017 to 2023. The
growth of the automotive industry has been driven by factors such as increasing
demand for fuel efficient cars, stringent emission norms, and technological
advancements in electric vehicles.
Global Russian
Federation Automotive Aluminum Market, By Geography
The global Russian
Federation Automotive Aluminum Market generated revenue of USD 60.7 billion in
2016, representing a compound annual growth rate (CAGR) of 4.8% from 2012 to
2016. In terms of volume, the global Russian Federation Automotive Aluminum
Market is forecasted to reach a total of 186 million metric tons by 2021, with
an annual growth rate of 3.4% for the next five years.
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