Alloys for Automotive Industry| COVID-19 Impact Analysis

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Segmentation

In MRFR’s report, the global Alloys for Automotive Industry is segmented on the basis of type, application and vehicle.

Based on application, it is segmented into powertrain, chassis, interior and exterior.

Regional Analysis

Based on region, the global Alloys for Automotive Industry covers growth opportunities and latest trends across North America, Europe, Asia Pacific and Middle East & Africa. Of these, Asia Pacific accounts for the largest market share in the Alloys for Automotive Industry. This region has a high concentration for emerging economies such as India, China and Japan which lead the Alloys for Automotive Industry as these countries and the region as a whole are an automotive manufacturing hub. Moreover, rising production of cars owing to reduced overhead costs and accessibility of cheap labor has increased the growth of this market in the APAC region. Also, global shift in the economy owing to increasing buying power of the huge consumer population coupled with rapid urbanization has resulted in massive demand for automotive vehicles, thereby driving sales. Presence of unique socio-economic factors and increased sales in the region has largely encouraged car manufacturers in producing fuel efficient, lightweight cars to cater the demand. Asia Pacific is followed by North America and Europe.

Key Players

Leading players profiled in the Alloys for Automotive Industry include AGCO Corporation (US), Constellium (Netherlands), AMG Advanced Metallurgical Group NV (Netherlands), Norsk Hydro ASA (Norway), Kobe Steel, Ltd (Japan), ThyssenKrupp AG (Germany), UACJ Corporation (Japan), Alcoa Inc (US), Aditya Birla Group (India) and ArcelorMittal SA (Luxembourg).

November 2018- World leader in recycling and aluminum rolling, Novelis has partnered with Impression Technologies to discover innovative means to increase the larger use of aluminum through the process of hot stamping. The joint venture throws light on Novelis’ strategy in collaborating with partners all over the aluminum and automotive industries that are creating processes and products to attain cost-effective and innovative solutions, specifically for lightweight vehicles.

June 2018- Tata Steel joins hands with Thyssenkrupp to develop a new pan-European steel company which will be competitive and structurally robust. This 50-50 joint venture will focus on technology leadership, quality and performance.