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Aluminium End User - Transport
Technology trends in the world of automobiles are constantly evolving. Driven by the growing need for energy conservation and emission reduction and coping up with new CAFE standard, auto industry is increasingly leaning towards vehicle light-weighting. This has accelerated the substitution of traditional automotive sheets with aluminium alloys.
Earlier, aluminium was used only for making automotive covering parts. But, nowadays aluminium alloys by virtue of their higher strength and greater formability find use in safety-critical components.
In fact, more and more automakers, today, are developing full aluminium-bodied cars. At present, average aluminium content in a light vehicle stands at 180kg, and this is expected to increase even further. Some of the latest automotive models featuring aluminium bodies are Mercedes-Benz 300SL Gullwing, Jaguar XE, and Ford F-150.
As the world’s population continues to grow, the appetite for car ownership keeps increasing. Global automobile sales are estimated to exceed 100 million units by 2018, and between 2014 and 2020, more than 750 million vehicles will be sold. Fuelled by this buoyancy, demand for light-weight vehicles will rise steadily.
To meet the projected demand, companies such as Alcoa, Novelis, and Constellium are ramping up their capacities. They are partnering with premiere automakers to develop more design-friendly next-generation aluminium alloys.
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