Global Aluminum Market for Automotive Industry

July 22nd 2016 Mumbai, India: Bharatbook.com announces a report on “Global Aluminum Market for Automotive Industry". A key growth driver is the shift from ferrous to non-ferrous casting. Over the last couple of years, there is a growing demand for aluminum and other non-ferrous materials in the automotive industry for developing lightweight and high-quality products.

Bharat Book Announces the Publication of its Research Report – Global Aluminum Market for the Automotive Industry 2016-2020

Bharat Book recognizes the following companies as the key players in the Global Aluminum Market for Automotive Industry: Alcoa, Aleris, Chalco, Constellium, Norsk Hydro, and Novelis.

Other Prominent Vendors in the market are: Kaiser Aluminum, Rio Tinto Alcan, and RUSAL.

Commenting on the report, an analyst from Bharat Book team said: “A trend which is driving market growth is the use of aluminum products in crash management systems. The crash management systems consider factors such as the ability to absorb collision energy, requirement of staying intact at high-speed impacts, weight management, initial and repair cost, and manufacturability. These are structural automotive models consisting of bumpers and other attachments connected to a longitudinal beam of the car to absorb maximum collision force during accidents. Aluminum extrusions are ideal material for crash management system as they are lightweight and cost effective.”

According to the report, a key growth driver is the shift from ferrous to non-ferrous casting. Over the last couple of years, there is a growing demand for aluminum and other non-ferrous materials in the automotive industry for developing lightweight and high-quality products. In addition, a shift from traditional metals such as steel to aluminum has been noted.

Further, the report states that one challenge that could curtail market growth is fluctuating LME prices. In July 2008, aluminum prices were $3,067. Post-recession during first...