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
