DUBLIN, July 14, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Aluminum Market for the Automotive Industry 2016-2020" report to their offering.
The global aluminum market for automotive industry is forecast to grow at a CAGR of 4.5% during the period 2016-2020.
Commenting on the report, an analyst from the research 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.
- 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?
- Norsk Hydro
- Kaiser Aluminum
- Rio Tinto Alcan
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Global aluminum market outlook
PART 06: Global automotive market outlook
PART 07: Market landscape
PART 08: Global aluminum pricing trend
PART 09: Aluminum industry value chain
PART 10: Market segmentation by type
PART 11: Segmentation by geography
PART 12: Market drivers
PART 13: Impact of drivers
PART 14: Market challenges
PART 15: Impact of drivers and challenges
PART 16: Market trends
PART 17: Vendor landscape
PART 18: Key vendor analysis
PART 19: Appendix
PART 20: About the Author
For more information visit http://www.researchandmarkets.com/research/jk846z/global_aluminum
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SOURCE Research and Markets