Alloy Market for Automotive by Alloy Type, Area of Application and Region - 2021

1. Alloy Market for Automotive by Alloy Type, Area of Application and Region - 2021 The report "Alloy Market for Automotive by Alloy Type (Steel, Aluminum, Magnesium, and Others), by Area of Application (Structural, Powertrain, Exterior and Others), by Vehicle Type (Passenger Car, LCV and HCV) & by Region - Global Forecast to 2021", The global automotive alloy market is projected to grow at a CAGR of 7.69% from 2016 to 2021, to reach a market size of USD 177.47 Billion by 2021. The major factors behind the growth of the global automotive alloy market are growing vehicle production, increasingly stringent regulations governing fuel efficiency and emissions and the rising weight of the vehicles. Browse 77 market data Tables and 59 Figures spread through 145 Pages and in-depth TOC on "Alloy Market for Automotive " Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=21156813 Early buyers will receive 10% customization on reports. Adoption of lightweight alloys has increased in the LCV segment due to demand for efficiency As of 2015, steel is widely used in the manufacture of LCVs. However, Ford Motor Company (U.S.) used 6000 series aluminium alloy for its highest selling pick-up truck, F-150, in 2015, to reduce the overall weight of the vehicle by about 700 lbs. It is estimated that, almost seven out of ten pick-up trucks will feature an aluminium body in the North American region by 2025. North America is a major market for LCVs and the increasing adoption of aluminium owing to regulatory requirements pertaining to weight reduction are estimated to drive the overall market. Aluminium Alloys: High Growth Estimated Owing to Increasing Demand for Lightweight Vehicles Share of aluminium alloys in automobiles is estimated to increase since automobile manufacturers are developing lightweight vehicles with aluminium alloys. Reduction in the vehicle’s weight enables OEMs to reduce emissions, improve fuel efficiency and driving dynamics for the end users. A 10% reduction in weight leads to an increase in efficiency by almost 6% to 8%. The changing regulatory requirements and rising demand for fuel efficient vehicles is estimated to drive the growth of aluminium alloys in automobiles. Request Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=21156813 Asia-Oceania: Dominant Market for Automotive Alloys Asia-Oceania is estimated to dominate the automotive alloys market, in terms of value, in 2016. It is followed by North America, Europe, and the Rest of the World (RoW). China, Japan, and India are key markets for automotive alloys, and contribute significantly to the Asia-Oceania market. North America is estimated to constitute the second-largest automotive alloys market, in terms of volume, in 2016. The European market is dominated by the use of steel, but the adoption of aluminium alloys is slowly increasing owing to the lesser weight of aluminium alloys.

2. The report covers all the major players in the global automotive alloy market that includes companies such as ArcelorMittal S.A. (Luxembourg), Novelis Inc. (U.S.), Alcoa Inc. (U.S.), and Thyssenkrupp AG (Germany) among others. The report covers the global automotive alloy market, in terms of volume (thousand metric tons) and value (USD billion). It explains the qualitative and quantitative aspects of the Global Automotive Alloy Market based on region, area of application, vehicle type and alloy type from 2016 to 2021. View Detail TOC @ https://www.marketsandmarkets.com/Market-Reports/automotive-alloy- market-21156813.html About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441 sales@marketsandmarkets.com