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Global Aluminum Market for the Automotive Industry 2016-2020

Global Aluminum Market for the Automotive Industry 2016-2020

About the Aluminum Market for Automotive Industry

Aluminum is a preferred material in the automotive industry because of its strength, safety, and durability. Use of aluminum in passenger and commercial vehicles allows boosting of fuel economy and reducing vehicular emissions.

The global automotive industry is driven by improvements in macroeconomic conditions and demands from the developing market. Automotive manufacturers have been using steel products for engine parts and auto sheets, which are now being replaced with aluminum. With changing customer preferences, the automotive industry has seen changes in technologies focusing on safety, comfort, low carbon emission, fuel efficiency, and lightweight. Aluminum is used for lightweight design concept covering areas of drivetrain, heat exchangers, body, chassis, and related equipment.

Technavio’s analysts forecast the global aluminum market for automotive industry to grow at a CAGR of 4.5% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global aluminum market for automotive industry for 2016-2020. The market is divided into the following segments based on geography:

  • Europe
  • Middle East
  • US and Canada
  • India
  • Central and South America
  • ROW
Technavio's report, Global Aluminum Market for Automotive Industry 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Alcoa
  • Aleris
  • Chalco
  • Constellium
  • Norsk Hydro
  • Novelis
Other prominent vendors
  • Kaiser Aluminum
  • Rio Tinto Alcan
  • RUSAL
Market driver
  • Shift from ferrous to non-ferrous casting
  • For a full, detailed list, view our report
Market challenge
  • Fluctuating LME prices
  • For a full, detailed list, view our report
Market trend
  • Aluminum products for crash management system
  • For a full, detailed list, view our report
Key questions answered in this report
  • 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?


Press Release

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

Technavio 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 Technavio’s 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 half of 2010, the prices of aluminum, came down due to an oversupply of inventory and less demand. However, following the recovery of the economy, the prices rose during October 2010 to July 2010. Currently, the trend is again moving toward the recession period where the prices were low. Metal premiums on upstream products are increasing while the LME base price is in downturn from 2012 to 2015.

Companies Mentioned

Alcoa, Aleris, Chalco, Constellium, Norsk Hydro, Novelis, Kaiser Aluminum, Rio Tinto Alcan, RUSAL.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Global aluminum market for automotive industry by aluminum product type
      • Table Global aluminum market for automotive industry by geography
      • Table Global automotive market by customers
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Overview
    • Production process
      • Table Classification of die casting process
      • Table Aluminum forging process
      • Table Aluminum extrusion process
      • Table Aluminum sheets and plates process
  • Global aluminum market outlook
    • Geographical segmentation
      • Table Segmentation of global aluminum market in terms of demand 2015
    • Segmentation by industry
      • Table Global aluminum market by end-user 2015
  • Global automotive market outlook
    • Global automotive market outlook
      • Table Global motor vehicle production 2015-2020 (millions of units)
      • Table Global passenger vehicle production 2015-2020 (millions of units)
      • Table Global light commercial vehicle production 2015-2020 (millions of units)
      • Table Global heavy commercial vehicle production 2015-2020 (millions of units)
      • Table Global motor vehicle sales 2015-2020 (millions of units)
      • Table Global passenger vehicle sales (millions of units)
      • Table Global commercial vehicle sales 2015-2020 (millions of units)
  • Market landscape
    • Global aluminum market for automotive industry
      • Table Global aluminum market for automotive industry 2015
      • Table Global aluminum market for automotive industry 2015-2020
    • Five forces analysis
      • Table Five forces analysis
  • Global aluminum pricing trend
    • Global aluminum LME pricing trend
      • Table Global aluminum LME price July 2005-July2015 ($ per metric ton)
      • Table Pricing of aluminum powder, flakes, and paste
  • Aluminum industry value chain
    • Aluminum industry value chain
      • Table Aluminum industry value chain
  • Market segmentation by type
    • Segmentation by type
      • Table Global aluminum market for automotive industry by aluminum product type 2015
    • Global aluminum casting and forging market for automotive industry
      • Table Global aluminum casting and forging market for automotive industry 2015-2020 (million metric tons)
    • Global aluminum extrusion market for automotive industry
      • Table Global aluminum extrusion market for automotive industry 2015-2020 (million metrictons)
    • Global aluminum rolled product market for automotive industry
      • Table Global aluminum rolled product market for automotive industry 2015-2020 (million metric tons)
  • Segmentation by geography
    • Table Global aluminum market for automotive industry by geography 2015
    • Aluminum market for automotive industry in APAC
      • Table Aluminum market for automotive industry in APAC 2015-2020 (million metric tons)
    • Aluminum market for automotive industry in North America
      • Table Aluminum market for automotive industry in North America 2015-2020 (million metric tons)
    • Aluminum market for automotive industry in Europe
      • Table Aluminum market for automotive industry in Europe 2015-2020 (million metric tons)
    • Aluminum market for automotive industry in Central and South America
      • Table Aluminum market for automotive industry in Central and South America 2015-2020 (thousand metric tons)
  • Market drivers
    • Shift from ferrous to non-ferrous casting
    • Escalating demand for passenger vehicle
      • Table Automotive production 2015
      • Table Automotive production 2020
    • Growing demand for lightweight concept
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Fluctuating LME prices
      • Table LME calculations and fixation method
    • Challenges for aluminum recycling
    • Increasing power costs
      • Table Energy requirement for aluminum production
      • Table Electricity required per metric ton of aluminum smelting 2015
    • Increase in emissions by smelting
      • Table Global carbon emissions from aluminum smelting (million metric tons)
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Aluminum products for crash management systems
    • Growing demand for NVH materials in automotive
    • Stringent government regulations
  • Vendor landscape
    • Competitive scenario
  • Key vendor analysis
    • Alcoa
      • Table Alcoa: Business segmentation by revenue 2015
      • Table Alcoa: Product offering
      • Table Alcoa: Key takeaways
    • Aleris
      • Table Aleris: Business segmentation by revenue 2015
      • Table Aleris: Manufacturing facilities
      • Table Aleris: Product offering
      • Table Aleris: Key takeaways
    • Chalco
      • Table Chalco: Business segmentation by revenue 2015
      • Table Chalco: Product offering
      • Table Chalco: Key takeaways
    • Constellium
      • Table Constellium: Business segmentation by revenue 2015
      • Table Constellium: Product offering
      • Table Constellium: Key takeaways
    • Norsk Hydro
      • Table Norsk Hydro: Business segmentation by revenue 2015
      • Table Norsk Hydro: Product offering
      • Table Norsk Hydro: Key takeaways
    • Novelis
      • Table Novelis: Business segmentation by revenue 2015
      • Table Novelis: Product offering
      • Table Novelis: Aluminum processing plants
      • Table Novelis: Key takeaways
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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