Automotive
Automotive Alloy Market Size and Growth
The Automotive Alloy market is poised for significant growth, driven by increasing demand for lightweight materials and fuel efficiency. The global market size is projected to reach approximately USD 20 billion by 2027, reflecting a compound annual growth rate of around 5%. Key trends include advancements in aluminum and magnesium alloys. Request Sample Report
Companies Covered
(Covid 19 Impact Covered)
◍ Alcoa
◍ Constellium
◍ AMG Advanced Metallurgical
◍ UACJ Corporation
◍ Norsk Hydro
◍ Aleris
The automotive alloy market features companies like Alcoa, Novelis, and Norsk Hydro, which innovate lightweight, durable materials enhancing fuel efficiency. Firms like AMG and Constellium focus on specific alloys, while suppliers like UACJ and Dynacast cater to OEMs. Revenue figures reflect growth as demand for advanced materials rises.
◍ Aluminum Corporation of China Limited
◍ Novelis
◍ Dynacast
◍ Dead sea Magnesium
◍ Ka Shui
◍ Spartan Light Metal Products
◍ DongGuan Eontec
◍ Faw Foundry
◍ Nanjing Yunhai Special Metals
◍ Yinguang Magnesium Industry
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Market Segmentation
By Application
Powertrain
Chassis & Suspension
Car Body
Seat Frames
Wheels
Other
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By Product
Aluminum Alloy
Magnesium Alloy
Other
Market Growth
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$ X Billion USD
