Global Automotive Aluminium Alloy Market By Product Form (Cast Aluminium, Rolled Aluminium and Extruded Aluminium), By Vehicle Type (Passenger Car, LCV and M&HCV), By Application, By Region, Competition, Forecast & Opportunities, 2018-2028
Published Date: April - 2025 | Publisher: MIR | No of Pages: 320 | Industry: Automotive | Format: Report available in PDF / Excel Format
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The size of the Automotive Aluminium Alloy Market was USD 6.03 Billion in 2023 and the overall Automotive Aluminium Alloy revenue is anticipated to increase at a CAGR of 10.5% from 2024 to 2030 and will reach approximately USD 12.14 Billion.
Global market for automotive aluminium alloy is anticipated to record robust growth over the forecast period, driven by growing vehicle production and technological innovations. Automotive companies are concentrating on lightening vehicles through the utilization of aluminium in the body and other components of vehicles. Utilization of aluminium reduces the weight of vehicles, thereby enhancing its efficiency and stability. Consequently, usage of aluminium alloy in vehicle components like closures, chassis and wheels are on the rise.
Automotive aluminium alloy market is picking up pace worldwide, supported by stringent government policies to check environmental pollution. Worldwide, Asia-Pacific automotive aluminium alloy market is expected to hold the commanding position during forecast period, as Asian economies like China and India are striving to attain Euro 6 emission standards. The demand for automotive aluminium alloy will rise in the Europe market because of technological innovation and growing acceptance of electric vehicles.
Segmental Insights
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Type Insights
Aluminum were the leaders in the Automotive alloy industry because of their outstanding flexibility, extensive use, and favorable material characteristics. Aluminum alloys possess high malleability, light weight, corrosion resistance, which made them inevitable in aerospace, automotive, and construction industries. They are specially sought after by the automotive industry because weight reduction of vehicles plays a vital role in fuel savings and emission controls. Aluminum alloys' superior electrical and thermal conductivities make them the first choice in electronics and renewable energy industries.
Aluminum alloys are strong, durable, and affordable. Their properties make them a keystone material in the construction, infrastructure, and heavy machinery industries. High-strength low-alloy (HSLA) Aluminums are especially favored for their excellent mechanical properties and endurance against wear and tear. The use of Aluminum by the construction industry in building structural elements such as beams and rebar cementifies its leadership. Aluminum a common Aluminum alloy, offers superior corrosion resistance, suited to medical equipment, food processing, and chemical industries applications.
Increasing emphasis on sustainability has also fueled demand for such alloys. aluminum are recyclable to a large extent, conforming to world environmental policies and circular economy concepts. Such recyclability helps provide a consistent supply chain and minimizes costs of production, adding to their market dominance. New developments in alloy processing technologies and the incorporation of secondary elements to increase certain properties aid their market dominance. These developments broaden their applicability to high-technology sectors, such as aerospace and renewable energy. The supremacy of aluminum in the alloy market is due to their unbeatable mix of favorable characteristics, cost-effectiveness, and widespread applicability across conventional as well as newer industries, cementing their positions as irreplaceable materials in contemporary engineering and production.
Regional Insights
North America was leading the Automotive alloy market due to its powerful industrial base, superior manufacturing facility, and good demand across a number of sectors. The aerospace and defense sectors in the region are major drivers, with top aircraft and spacecraft manufacturers employing highly functional alloys such as aluminum, titanium, and nickel in making lightweight yet strong components. Likewise, the automotive sector in North America makes heavy utilization of alloys to create lightweight cars that comply with high fuel efficiency and emission standards, driving market growth further.
Advances in technology for the production and processing of alloys are a key element in the predominance of North America. The region is home to world-class research institutions and innovation centers, which enable the creation of sophisticated alloys with improved strength, corrosion resistance, and thermal stability. These materials are crucial for high-technology applications, including renewable energy systems, electronics, and medical devices. For example, the increasing adoption of wind turbines and solar panels has boosted the demand for alloys in renewable energy projects. Another major benefit for North America is that it boasts a highly developed supply chain and huge natural resources. It has rich deposits of key metals, including aluminum and nickel, guaranteeing the availability of raw materials. Sophisticated recycling facilities enable sustainable production of alloys, which is in line with increasing environmental awareness and circular economy principles. Government initiatives and investments also make North America a leader in the automotive alloy market. Free trade agreements and robust export capacities improve the region's competitiveness in the global market. North America's leadership in the automotive alloy market is supported by its sophisticated industrial base, ongoing innovation, availability of resources, and favorable policies, which position it as a leader in alloy production and consumption in various applications.
Key Market Players
- ArcelorMittal
- Alcoa Corporatio
- thyssenkrupp AG
- Nucor Corporation
- United States Steel Corporation
- Rio Tinto Limited
- JFE Steel Corporation
- voestalpine Stahl GmbH
- Teksid SpA
- Hydro Group Limited
Objective of the Study
- To analyze and forecast global automotive aluminium alloy market size.
- To classify and forecast global automotive aluminium alloy market based on product form, vehicle type, application and regional distribution.
- To identify drivers and challenges for global automotive aluminium alloy market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global automotive aluminium alloy market.
- To conduct the pricing analysis for global automotive aluminium alloy market.
- To identify and analyze the profile of leading players operating in global automotive aluminium alloy market.
Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of manufacturers across the globe. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market Insights Research could include the manufacturers which could not be identified due to the limitations of secondary research. Market Insights Research analyzed the product offerings, distribution channels and presence of all major manufacturers across the globe.
Market Insights Research calculated global
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Attribute |
Details |
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Base Year |
2022 |
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Historical Years |
2018 – 2021 |
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Estimated Year |
2023 |
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Forecast Period |
2024 – 2028 |
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Quantitative Units |
Revenue in USD Million, Volume in Units, and CAGR for 2018-2022 and 2023-2028 |
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Report Coverage |
Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
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Segments Covered |
· Product Form · Vehicle Type · Application |
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Regional Scope |
North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa |
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Country Scope |
United States; Canada; Mexico; China; India; Japan; Malaysia; Thailand; Indonesia; Vietnam; South Korea; Germany; France; United Kingdom; Spain; Italy; Belgium; Russia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa; Egypt |
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Key Companies Profiled |
Alcoa wheels, CM wheels, RUSAL, Atlas Steels, Ronal Wheels, ENKEI, Borbet, Hydro, ELVAL, Superior Industries |
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Customization Scope |
10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
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Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Target Audience
- Automotive aluminium alloy manufacturers and other stakeholders
- Government bodies such as regulating authorities and policymakers
- Organizations, forums and alliances related to automotive aluminium alloy market
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as manufacturers, partners and end users. The report also provides useful insights about which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth opportunities.
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