DUBLIN, Mar. 30, 2015 /PRNewswire/ --Research and
Markets
(http://www.researchandmarkets.com/research/wjx48p/automotive)
has announced the addition of the "Automotive Aluminum Market in
the APAC Region 2015-2019" report to their offering.
The analysts forecast the Automotive Aluminum market in the APAC
region to grow at a CAGR of 7.95% over the period 2014-2019.
Aluminum and its alloys have unique properties such as
lightweight, high tensile strength, and high corrosion resistance,
making it a good replacement for steel that has conventionally been
used to make a vehicle's body and its components. It offers a fast,
cost-effective, and an environmentally friendly way to boost fuel
economy, reduce emissions, and increase performance, enhancing or
maintaining durability and safety. A vehicle with components made
of aluminum is about 24 percent lighter than that with components
made of steel.
This report covers the present scenario and the growth prospects of
the Automotive Aluminum market in the APAC region for the period
2015-2019. To calculate the market size, the report considers the
revenue generated through sales of automotive aluminum across all
geographies. It analyzes the sales of automotive aluminum to
OEMs.
An increase in net aluminum pounds per vehicle is one of the
major trends being witnessed in this market. With strict
regulations and new initiatives for emission reduction, demand for
better automotive aluminum is increasing. The use of aluminum is
highest in the body and bumper, followed by cross members,
suspension, steering, wheels, brake, and engine, respectively.
According to the report, the growth of the market is attributed to
a rise in automobile production and sales in the APAC region.
Demand for automobiles, especially for passenger vehicles, directly
influences demand for automotive aluminum.
Further, the report states that fluctuating aluminum prices are an
increasing concern for vendors in the market. As prices of aluminum
have been increasing over the years, the operating costs of vendors
have increased substantially, negatively affecting their profit
margins.
Key Vendors
- Alcoa
- Aluminum Corporation of China
- Rio Tinto Alcan
- United Company RUSAL
Other Prominent Vendors
- BHP Billiton
- Constellium NV
- Dubai Aluminum
- Jindal Aluminum
- Kaiser Aluminum
- Lorin Industries
- Norsk Hydro
- Novelis
- Sapa Group
- Shiloh Industries
- Vedanta Aluminum
- Vimetco NV
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- Automotive Aluminum Market in the APAC Region
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit
http://www.researchandmarkets.com/research/wjx48p/automotive
Media Contact: Laura Wood
, +353-1-481-1716, press@researchandmarkets.net