Alloy Industry strategic outlook by key players analysis

1. Alloy Industry strategic outlook by key players analysis Market Overview Automotive alloys are easy to forge by forming, machining, and welding, and thus, find application in various industries such as automobile, aerospace, wind, and others. The recent past has witnessed an increase in production of automobiles, owing to factors such as increasing global demand for automobiles and rising disposable incomes especially in emerging economies. According to the report by Bureau of Economic Analysis (BEA), Disposable Personal Income (DPI) in the U.S. increased by US$ 39.8 billion (0.3 %) in April 2018 as compared to 2017. Demand for passenger cars, light and heavy duty commercial vehicles have directly impacted growth of the global alloy market for automotive. Moreover, stringent regulations on fuel efficiency & greenhouse gas emissions are expected to increase the use of alloys for automotive, which is expected to boost demand for automotive alloys. These alloys have very low carbon footprint, which reduces carbon dioxide emissions and therefore, have high application in the automotive sector. According to the report by The International Council on Clean Transportation (ICCT), the U.S. Environmental Protection Agency (EPI) and the National Highway Traffic Safety Administration (NHTSA) released the final rules for heavy-duty vehicle fuel-efficiency and greenhouse gas standards in August 2016. Request Sample Copy Of This Business Report: https://www.coherentmarketinsights.com/insight/request-sample/1885 Market Dynamics On the basis of geography, the global alloy market for automotive is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa Asia Pacific is expected to be the largest alloy market for automotive, over the forecast period. This is owing to increasing demand for automobiles among consumers, which has led to high growth of the automotive industry. This in turn is expected to aid in growth of the market. For instance, according to report by, India Brand Equity Foundation (IBEF), the Indian automotive industry (including component manufacturing) is expected to reach US$ 251.4- 282.8 billion by 2026. North America and Europe markets have been witnessing high growth in the alloy market for automotive in the recent past. This is due to increasing production and sales of automobiles in the region in North America. For instance, according to report by World Trade Organization (WTO), in year 2017 the sales of automobiles increased by 50% in Canada from 2015. Get Request Customization Copy Of This Business Report: https://www.coherentmarketinsights.com/insight/request-customization/1885 Major Key players operating in the automotive alloy market are ThyssenKrupp AG, Sumitomo Metal Corporation, AMG Advanced Metallurgical Group, UACJ Corporation, Arcelormittal SA, Nippon Steel & Sumitomo Metal Corp., Constellium N.V., Alcoa Inc., Norsk Hydro ASA, and Novelis Inc. About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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