Adv
LANGUAGES
English
Hindi
Spanish
French
German
Chinese_Simplified
Chinese_Traditional
Japanese
Russian
Arabic
Portuguese
Bengali
Italian
Dutch
Greek
Korean
Turkish
Vietnamese
Hebrew
Polish
Ukrainian
Indonesian
Thai
Swedish
Romanian
Hungarian
Czech
Finnish
Danish
Filipino
Malay
Swahili
Tamil
Telugu
Gujarati
Marathi
Kannada
Malayalam
Punjabi
Urdu
16 FEBRUARY 2017 AL CIRCLE

Cast aluminium segment took the largest share of 2016 automotive aluminium market

EDITED BY : BEETHIKA BISWAS 2MINS READ

A recent report from ReportLinker has projected that the automotive aluminium market would grow at a CAGR of 8.8% from 2016 to 2026, in terms of value.

news

{alcircleadd}

Aluminium is slowly substituting steel as a preferred material for automotive manufacturers, due to a number of performance benefits like its excellent strength and weight ratio, environmental benefits, fuel efficiency, and durability. The high manufacturing cost of aluminium for the automotive industry in comparison to steel is one factor that can be a hurdle in the growth of the automotive aluminium market during the period.

According to the report, the powertrain application segment of automotive aluminium took the largest share of the automotive aluminum market in 2016. This segment is projected to grow at the highest CAGR during 2016 to 2026. North American and Asia-Pacific regions would drive the growth of powertrain application segment of the market with their growing use of aluminium in automotive manufacturing.

{googleAdsense}

The cast aluminium product segment accounted for the largest share of the automotive aluminium market in 2016. Casting is an aluminium product manufacturing technology that is old, inexpensive, simple, and versatile and perfect for making variety of aluminium automotive components. Various automotive components, such as power transmitters and car engines are manufactured using aluminium casting process. Aluminium casting includes three major types, known as die casting, permanent mould casting, and sand casting. Driven by the growing demand for lightweight materials in the automobile industry, cast aluminium automotive parts market is expected grow more in the coming years. 


Adv
Adv
Adv
Adv
Adv
Adv
Adv
EDITED BY : BEETHIKA BISWAS 2MINS READ

Responses

Adv
Adv
Adv
Loading...
Adv
Adv
Adv
Loading...
Reports VIEW ALL
Loading...
Loading...
Business Leads VIEW ON AL BIZ
Loading...
Adv
Adv
Would you like to be
featured with us?
Loading...

AL Circle: Aluminium Ecosystem App

A proud
ASI member
© 2026 AL Circle. All rights reserved. AL Circle is not responsible for content from external sources.