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Published bySakshi Bhargava Modified over 6 years ago
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Growth Opportunities for Aluminum in the Global Automotive Industry 2017-2022: Trends, Forecast, and Opportunity Analysis 1
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Industry Profiles Snapshot Major ParameterDescription Market Segments by vehicle Type Small Cars, Compact Cars, Mid-Size Cars, Large Cars, SUVs and Crossovers, MPVs, and Pickups Market Segments by product form Cast Aluminum, Rolled Aluminum, Extruded Aluminum Market Segments by application type Engine, Transmission and Driveline, Heat Transfer, Wheels and Brakes, Structural Component Market Segments by Region North America, Europe, Asia Pacific and Rest of the World. Top Companies Name Alcoa Inc., Novelis Inc., Norsk Hydro ASA (ADR), Constellium N.V., and Aleris International Trend Growth Rate and CAGR7.4% Key Industry Forecast Aluminum in the global automotive industry is expected to reach an estimated $42.4 billion by 2022 and it is forecast to grow at a CAGR of 7.4% from 2017 to 2022 Key Industry Driver Driver: Increasing vehicle production, government regulations on the fuel economy and emission controls, increasing stringent safety regulations, and increasing gasoline prices. 2
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Industry Overview Market Size Aluminum in the global automotive industry is expected to reach an estimated $42.4 billion by 2022 and it is forecast to grow at a CAGR of 7.4% from 2017 to 2022 Emerging trends, which have a direct impact on the dynamics of the aluminum in the global automotive industry, include increasing use of aluminum in chassis and structural applications. Market Size (2022)$42.4 billion CAGR (2017-22)7.4% 3 Industry Performance : Forecast
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