Aluminium Alloys In Automotive Industry| COVID-19 Analysis

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The increasing inclination towards lightweight auto components is presumed to boost demand for alloys for cars in the forthcoming years. In addition, increasing sales of automobiles is also poised to expand the Aluminium Alloys In Automotive Industry over the forecast period.

Segmentation:

The division of the Aluminium Alloys In Automotive Industry, based on type, covers iron, steel, titanium, copper, and others.

On the basis of backing application, the alloys automotive market has been segmented into comprises chassis, interior, exterior, and powertrain.

On the basis of vehicle type, the Aluminium Alloys In Automotive Industry has been divided into passenger vehicle and commercial vehicles.

Regional Analysis:

The geographical evaluation of the global Aluminium Alloys In Automotive Industry has been covered in the report for the following regional segments – Asia Pacific (APAC), Europe, South America, the Middle East & Africa (MEA), and North America. The segments are then assessed on the level of key countries present. Asia Pacific s presumed to lead the proliferation of the market. The alloys for automotive industry in the region are expected to boom due to the rising demand for automobiles. Increasing per capita income of the region is prognosticated to play a key role in the expansion of the demand for automobiles, thus, supporting market growth.

North America is a major segment and is likely to secure the second position in the market place. The consolidation of major automobile manufacturers in the region is expected to support its growth curve in the foreseeable future. It is also poised to benefit from its strong economic development over the next couple of years.

Competitive Dashboard:

ArcelorMittal SA (Luxembourg), Alcoa Inc. (U.S.), Aditya Birla Group (India), UACJ Corporation (Japan), Kobe Steel, Ltd. (Japan), ThyssenKrupp AG (Germany), Norsk Hydro ASA (Norway), Constellium (Netherlands), AMG Advanced Metallurgical Group NV (Netherlands)

Industry News:

In December 2019, Cleveland-Cliffs Inc., a specialist in iron ore, has announced that it has signed an agreement for the acquisition of AJ Steel Holding Corporation, a steelmaking company.