DUBLIN, July 13, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/zk9t7l/global_automotive) has announced the addition of the "Global Automotive Aluminum Market 2015-2019" report to their offering.
The Global Automotive Aluminum Market to grow at a CAGR of 7.77% by revenue over the period 2014-2019
Aluminum and its alloys have unique properties such as lightweight, high tensile strength, and high corrosion resistance, allowing it to replace steel that has conventionally been used to make an automobile's body and its components. It offers the safest, fastest, cost-effective, and an environmentally friendly way to boost fuel economy, reduce emissions, and increase performance, improving or maintaining durability and safety. Its use in passenger and commercial vehicles is accelerating. An automobile with components made of aluminum is more than 24 percent lighter than an automobile with components made of steel.
One major trend emerging in this market is an increase in net aluminum pounds per vehicle. With an increased strictness in government regulations and new initiatives for emission reduction, the demand for better automotive aluminum is increasing.
According to the report, one of the main drivers in the Global Automotive Aluminum market is a rise in global automobile production and sales. Demand for automobiles directly influences demand for automotive aluminum. This demand, especially for passenger vehicles, is continuously increasing worldwide and is driving the demand for automotive aluminum.
Further, the report states that fluctuating aluminum prices are an increasing concern for vendors in the Global Automotive Aluminum market. Since prices of aluminum have been increasing over the years, operating costs of vendors have increased substantially, negatively affecting their profit margins
- Aluminum Corp. of China
- Rio Tinto Alcan
- United Co. RUSAL
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Market Landscape
- Global Automotive Aluminum Market
- Geographical Segmentation
- Segmentation of
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/zk9t7l/global_automotive
Laura Wood, +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets