(I-BusinessNews.Com, July 17, 2017 ) According to Publisher, the Global Automotive Alloy market is estimated at $108.59 billion in 2015 and is expected to reach $192.61 billion by 2022 growing at a CAGR of 8.5% from 2015 to 2022. Rising fuel prices, strict environmental rules and increasing demand for automobiles are some of the key factors favouring the market growth. However, huge cost of the automotive alloy is hampering the market. On the other hand rising demand for electric vehicles (EV) seems to be opportunity for automotive alloy market.
By alloy type, steel alloy segment is accounted for largest market share owing to the higher usage of steel alloys in the production of vehicle. Asia Pacific is the leading market, and is also anticipated to observe the highest growth. The major reason for the high growth is increasing disposable income of this region.
Some of the key players in the market include Thyssenkrupp AG, Sumitomo Metal Corporation, AMG Advanced Metallurgical Group, UACJ Corporation, Arcelormittal SA, Nippon Steel & Sumitomo Metal Corp., Constellium N.V., Alcoa Inc., Norsk Hydro ASA, Novelis, Inc. and Kobe Steel, Ltd.
Regions Covered: - North America o US o Canada o Mexico - Europe o Germany o France o Italy o UK o Spain o Rest of Europe - Asia Pacific o Japan o China o India o Australia o New Zealand o Rest of Asia Pacific - Rest of the World o Middle East o Brazil o Argentina o South Africa o Egypt
10 Company Profiling 10.1 Thyssenkrupp AG 10.2 Sumitomo Metal Corporation 10.3 AMG Advanced Metallurgical Group 10.4 UACJ Corporation 10.5 Arcelormittal SA 10.6 Nippon Steel & Sumitomo Metal Corp. 10.7 Constellium N.V. 10.8 Alcoa Inc. 10.9 Norsk Hydro ASA 10.10 Novelis, Inc. 10.11 Kobe Steel, Ltd.
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