Alloy Market - Global Industry Analysis

Alloy Market For Automotive By Type (Aluminum, Steel, Magnesium, and Others), By Vehicle Type (HCV, Passenger Cars, and LCV), and By Application (Powertrain, Exterior, Structural, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018-2025

Published Date: 12-Jul-2019 Category: Automotive Report Format : PDF Pages: 126 Report Code: ZMR-819 Status : Published

Global alloy market for automotive expected to reach around USD 234.4 billion by 2025, at a CAGR approximately 7.03% from 2019 to 2025. The global alloy market for automotive is likely to grow significantly due to the growing demand for lightweight automobiles.

Description

The report analyzes and forecasts the alloy market for automotive on a global and regional level. The study offers historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Billion). The assessment of the alloy market for automotive dynamics gives a brief thought about the drivers and restraints for the alloy market for automotive along with their impact on the demand over the years to come. Additionally, the report also includes the study of opportunities available in the alloy market for automotive on a global level.

The report gives a transparent view of the alloy market for automotive. We have included a detailed competitive scenario and portfolio of the leading vendors operating in the alloy market for automotive. To understand the competitive landscape in the alloy market for automotive, an analysis of Porter’s Five Forces model for the alloy market for automotive has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a crucial view of the alloy market for automotive by segmenting it based on type, vehicle type, application, and region. All the segments of the alloy market for automotive have been analyzed based on present and future trends and the market is estimated from 2019 to 2025. The regional segment comprises the current and forecast demand for the Middle East and Africa, North America, Asia Pacific, Latin America, and Europe.

Some major players of the global alloy market for automotive include Alcoa, ThyssenKrupp, AMG Advanced Metallurgical, Massey Ferguson, ArcelorMittal, Novelis, Norsk Hydro, Kobe Steel, and Constellium.

The report segments the global alloy market for automotive as follows:

Global Alloy Market for Automotive: By Type

  • Aluminum
  • Steel
  • Magnesium
  • Others

Global Alloy Market for Automotive: By Vehicle Type

  • HCV
  • Passenger Cars
  • LCV

Global Alloy Market for Automotive: By Application

  • Powertrain
  • Exterior
  • Structural
  • Others

Global Alloy Market for Automotive: By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description
      • 1.1.1. Objective
      • 1.1.2. Target Audience
      • 1.1.3. Unique Selling Proposition (USP) & Offerings
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
      • 1.3.3. Level 1: Primary Research
      • 1.3.4. Level 2: Secondary Research
      • 1.3.5. Level 3: Data Validation and Expert Panel Assessment Report Description and Scope
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global Alloy Market for Automotive, 2016-2025 (USD Billion)
    • 2.2. Global Alloy Market for Automotive: Market Snapshot
  •  
  • Chapter 3. Global Alloy Market for Automotive - Industry Analysis
    • 3.1. Introduction
    • 3.2. Industry ecosystem analysis
    • 3.3. Technology landscape
    • 3.4. Market Drivers
      • 3.4.1. North America
      • 3.4.2. Europe
      • 3.4.3. Asia Pacific
        • 3.4.3.1. Increasing demand for LCV
      • 3.4.4. Latin America
      • 3.4.5. MEA
    • 3.5. Restraints
      • 3.5.1. The high cost of alloys
    • 3.6. Opportunity
      • 3.6.1. Adoption of electric vehicles and emission norms
    • 3.7. Innovation & sustainability
    • 3.8. Regulatory landscape
    • 3.9. Porter's Five Forces Analysis
    • 3.10. PESTLE Analysis
    • 3.11. Global Alloy Market for Automotive: Market Attractiveness Analysis
      • 3.11.1. Market Attractiveness Analysis by Type
      • 3.11.2. Market Attractiveness Analysis by Vehicle Type
      • 3.11.3. Market Attractiveness Analysis by Application
      • 3.11.4. Market Attractiveness Analysis by Region
  •  
  • Chapter 4. Global Alloy Market for Automotive - Competitive Landscape
    • 4.1. Company Market Share Analysis, 2018
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions and Mergers
      • 4.2.2. New Product Launch
      • 4.2.3. Agreements, Partnerships, Collaborations, and Joint Ventures
      • 4.2.4. Research & Development and Regional Expansion
  •  
  • Chapter 5. Global Alloy Market for Automotive - Type Analysis
    • 5.1. Global Alloy Market for Automotive Share, by Type, 2018 and 2025
    • 5.2. Global Alloy Market for Automotive by Aluminium, 2016-2025 (USD Billion)
    • 5.3. Global Alloy Market for Automotive by Steel, 2016-2025 (USD Billion)
    • 5.4. Global Alloy Market for Automotive by Magnesium, 2016-2025 (USD Billion)
    • 5.5. Global Alloy Market for Automotive by Others, 2016-2025 (USD Billion)
  •  
  • Chapter 6. Global Alloy Market for Automotive - Vehicle Type Analysis
    • 6.1. Global Alloy Market for Automotive Share, by Vehicle Type, 2018 and 2025
    • 6.2. Global Alloy Market for Automotive by HCV, 2016-2025 (USD Billion)
    • 6.3. Global Alloy Market for Automotive by Passenger Cars, 2016-2025 (USD Billion)
    • 6.4. Global Alloy Market for Automotive by LCV, 2016-2025 (USD Billion)
  •  
  • Chapter 7. Global Alloy Market for Automotive - Application Analysis
    • 7.1. Global Alloy Market for Automotive Share, by Application, 2018 and 2025
    • 7.2. Global Alloy Market for Automotive by Powertrain, 2016-2025 (USD Billion)
    • 7.3. Global Alloy Market for Automotive by Exterior, 2016-2025 (USD Billion)
    • 7.4. Global Alloy Market for Automotive by Structural, 2016-2025 (USD Billion)
    • 7.5. Global Alloy Market for Automotive by Others, 2016-2025 (USD Billion)
  •  
  • Chapter 8. Global Alloy Market for Automotive - Regional Analysis
    • 8.1. Global Alloy Market for Automotive, by Region, 2018 and 2025
    • 8.2. North America
      • 8.2.1. North America Alloy Market for Automotive Revenue, 2016-2025 (USD Billion)
      • 8.2.2. North America Alloy Market for Automotive Revenue, by Type, 2016-2025 (USD Billion)
      • 8.2.3. North America Alloy Market for Automotive Revenue, by Vehicle Type, 2016-2025 (USD Billion)
      • 8.2.4. North America Alloy Market for Automotive Revenue, by Application, 2016-2025 (USD Billion)
      • 8.2.5. The U.S.
        • 8.2.5.1. The U.S. Alloy Market for Automotive Revenue, by Type, 2016-2025 (USD Billion)
        • 8.2.5.2. The U.S. Alloy Market for Automotive Revenue, by Vehicle Type, 2016-2025 (USD Billion)
        • 8.2.5.3. The U.S. Alloy Market for Automotive Revenue, by Application, 2016-2025 (USD Billion)
      • 8.2.6. Canada
        • 8.2.6.1. Canada Alloy Market for Automotive Revenue, by Type, 2016-2025 (USD Billion)
        • 8.2.6.2. Canada Alloy Market for Automotive Revenue, by Vehicle Type, 2016-2025 (USD Billion)
        • 8.2.6.3. Canada Alloy Market for Automotive Revenue, by Application, 2016-2025 (USD Billion)
    • 8.3. Europe
      • 8.3.1. Europe Alloy Market for Automotive Revenue, 2016-2025 (USD Billion)
      • 8.3.2. Europe Alloy Market for Automotive Revenue, by Type, 2016-2025 (USD Billion)
      • 8.3.3. Europe Alloy Market for Automotive Revenue, by Vehicle Type, 2016-2025 (USD Billion)
      • 8.3.4. Europe Alloy Market for Automotive Revenue, by Application, 2016-2025 (USD Billion)
      • 8.3.5. UK
        • 8.3.5.1. UK Alloy Market for Automotive Revenue, by Type, 2016-2025 (USD Billion)
        • 8.3.5.2. UK Alloy Market for Automotive Revenue, by Vehicle Type, 2016-2025 (USD Billion)
        • 8.3.5.3. UK Alloy Market for Automotive Revenue, by Application, 2016-2025 (USD Billion)
      • 8.3.6. France
        • 8.3.6.1. France Alloy Market for Automotive Revenue, by Type, 2016-2025 (USD Billion)
        • 8.3.6.2. France Alloy Market for Automotive Revenue, by Vehicle Type, 2016-2025 (USD Billion)
        • 8.3.6.3. France Alloy Market for Automotive Revenue, by Application, 2016-2025 (USD Billion)
      • 8.3.7. Germany
        • 8.3.7.1. Germany Alloy Market for Automotive Revenue, by Type, 2016-2025 (USD Billion)
        • 8.3.7.2. Germany Alloy Market for Automotive Revenue, by Vehicle Type, 2016-2025 (USD Billion)
        • 8.3.7.3. Germany Alloy Market for Automotive Revenue, by Application, 2016-2025 (USD Billion)
      • 8.3.8. Rest of Europe
        • 8.3.8.1. Rest of Europe Alloy Market for Automotive Revenue, by Type, 2016-2025 (USD Billion)
        • 8.3.8.2. Rest of Europe Alloy Market for Automotive Revenue, by Vehicle Type, 2016-2025 (USD Billion)
        • 8.3.8.3. Rest of Europe Alloy Market for Automotive Revenue, by Application, 2016-2025 (USD Billion)
    • 8.4. Asia Pacific
      • 8.4.1. Asia Pacific Alloy Market for Automotive Revenue, 2016-2025 (USD Billion)
      • 8.4.2. Asia Pacific Alloy Market for Automotive Revenue, by Type, 2016-2025 (USD Billion)
      • 8.4.3. Asia Pacific Alloy Market for Automotive Revenue, by Vehicle Type, 2016-2025 (USD Billion)
      • 8.4.4. Asia Pacific Alloy Market for Automotive Revenue, by Application, 2016-2025 (USD Billion)
      • 8.4.5. China
        • 8.4.5.1. China Alloy Market for Automotive Revenue, by Type, 2016-2025 (USD Billion)
        • 8.4.5.2. China Alloy Market for Automotive Revenue, by Vehicle Type, 2016-2025 (USD Billion)
        • 8.4.5.3. China Alloy Market for Automotive Revenue, by Application, 2016-2025 (USD Billion)
      • 8.4.6. Japan
        • 8.4.6.1. Japan Alloy Market for Automotive Revenue, by Type, 2016-2025 (USD Billion)
        • 8.4.6.2. Japan Alloy Market for Automotive Revenue, by Vehicle Type, 2016-2025 (USD Billion)
        • 8.4.6.3. Japan Alloy Market for Automotive Revenue, by Application, 2016-2025 (USD Billion)
      • 8.4.7. India
        • 8.4.7.1. India Alloy Market for Automotive Revenue, by Type, 2016-2025 (USD Billion)
        • 8.4.7.2. India Alloy Market for Automotive Revenue, by Vehicle Type, 2016-2025 (USD Billion)
        • 8.4.7.3. India Alloy Market for Automotive Revenue, by Application, 2016-2025 (USD Billion)
      • 8.4.8. Rest of Asia Pacific
        • 8.4.8.1. Rest of Asia Pacific Alloy Market for Automotive Revenue, by Type, 2016-2025 (USD Billion)
        • 8.4.8.2. Rest of Asia Pacific Alloy Market for Automotive Revenue, by Vehicle Type, 2016-2025 (USD Billion)
        • 8.4.8.3. Rest of Asia Pacific Alloy Market for Automotive Revenue, by Application, 2016-2025 (USD Billion)
    • 8.5. Latin America
      • 8.5.1. Latin America Alloy Market for Automotive Revenue, 2016-2025 (USD Billion)
      • 8.5.2. Latin America Alloy Market for Automotive Revenue, by Type, 2016-2025 (USD Billion)
      • 8.5.3. Latin America Alloy Market for Automotive Revenue, by Vehicle Type, 2016-2025 (USD Billion)
      • 8.5.4. Latin America Alloy Market for Automotive Revenue, by Application, 2016-2025 (USD Billion)
      • 8.5.5. Brazil
        • 8.5.5.1. Brazil Alloy Market for Automotive Revenue, by Type, 2016-2025 (USD Billion)
        • 8.5.5.2. Brazil Alloy Market for Automotive Revenue, by Vehicle Type, 2016-2025 (USD Billion)
        • 8.5.5.3. Brazil Alloy Market for Automotive Revenue, by Application, 2016-2025 (USD Billion)
      • 8.5.6. Rest of Latin America
        • 8.5.6.1. Rest of Latin America Alloy Market for Automotive Revenue, by Type, 2016-2025 (USD Billion)
        • 8.5.6.2. Rest of Latin America Alloy Market for Automotive Revenue, by Vehicle Type, 2016-2025 (USD Billion)
        • 8.5.6.3. Rest of Latin America Alloy Market for Automotive Revenue, by Application, 2016-2025 (USD Billion)
    • 8.6. The Middle East and Africa
      • 8.6.1. The Middle East and Africa Alloy Market for Automotive Revenue 2016-2025 (USD Billion)
      • 8.6.2. The Middle East and Africa Alloy Market for Automotive Revenue, by Type, 2016-2025 (USD Billion)
      • 8.6.3. The Middle East and Africa Alloy Market for Automotive Revenue, by Vehicle Type, 2016-2025 (USD Billion)
      • 8.6.4. The Middle East and Africa Alloy Market for Automotive Revenue, by Application, 2016-2025 (USD Billion)
  •  
  • Chapter 9. Company Profiles
    • 9.1. Alcoa
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Product portfolio
      • 9.1.4. Business strategy
      • 9.1.5. Recent developments
      • 9.1.6. SWOT Analysis
    • 9.2. ThyssenKrupp
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Product portfolio
      • 9.2.4. Business strategy
      • 9.2.5. Recent developments
      • 9.2.6. SWOT Analysis
    • 9.3. Kobe Steel
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Product portfolio
      • 9.3.4. Business strategy
      • 9.3.5. Recent developments
      • 9.3.6. SWOT Analysis
    • 9.4. AMG Advanced Metallurgical
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Product portfolio
      • 9.4.4. Business strategy
      • 9.4.5. Recent developments
      • 9.4.6. SWOT Analysis
    • 9.5. Constellium
      • 9.5.1. Overview
      • 9.5.2. Financials
      • 9.5.3. Product portfolio
      • 9.5.4. Business strategy
      • 9.5.5. Recent developments
      • 9.5.6. SWOT Analysis
    • 9.6. Massey Ferguson
      • 9.6.1. Overview
      • 9.6.2. Financials
      • 9.6.3. Product portfolio
      • 9.6.4. Business strategy
      • 9.6.5. Recent developments
      • 9.6.6. SWOT Analysis
    • 9.7. Novelis
      • 9.7.1. Overview
      • 9.7.2. Financials
      • 9.7.3. Product portfolio
      • 9.7.4. Business strategy
      • 9.7.5. Recent developments
      • 9.7.6. SWOT Analysis
    • 9.8. ArcelorMittal
      • 9.8.1. Overview
      • 9.8.2. Financials
      • 9.8.3. Product portfolio
      • 9.8.4. Business strategy
      • 9.8.5. Recent developments
      • 9.8.6. SWOT Analysis
    • 9.9. Norsk Hydro
      • 9.9.1. Overview
      • 9.9.2. Financials
      • 9.9.3. Product portfolio
      • 9.9.4. Business strategy
      • 9.9.5. Recent developments
      • 9.9.6. SWOT Analysis

Table Of Figures

List of Figures

1. Global Alloy Market for Automotive Segmentation by Type, Vehicle Type, Application, and Geography
2. Global Alloy Market for Automotive, 2016–2025 (USD Billion)
3. Porter’s Five Forces Analysis: Global Alloy Market for Automotive
4. Global Alloy Market for Automotive Attractiveness, by Type
5. Global Alloy Market for Automotive Attractiveness, by Vehicle Type
6. Global Alloy Market for Automotive Attractiveness, by Application
7. Global Alloy Market for Automotive Attractiveness, by Region
8. Global Alloy Market for Automotive Revenue Share, by Type, 2018 and 2025
9. Global Alloy Market for Automotive by Aluminium, 2016–2025 (USD Billion)
10. Global Alloy Market for Automotive by Steel, 2016–2025 (USD Billion)
11. Global Alloy Market for Automotive by Magnesium, 2016–2025 (USD Billion)
12. Global Alloy Market for Automotive by Others, 2016–2025 (USD Billion)
13. Global Alloy Market for Automotive Revenue Share, by Vehicle Type, 2018 and 2025
14. Global Alloy Market for Automotive by HCV, 2016–2025 (USD Billion)
15. Global Alloy Market for Automotive by Passenger Car, 2016–2025 (USD Billion)
16. Global Alloy Market for Automotive by LCV, 2016–2025 (USD Billion)
17. Global Alloy Market for Automotive Revenue Share, by Application, 2018 and 2025
18. Global Alloy Market for Automotive by Powertrain, 2016–2025 (USD Billion)
19. Global Alloy Market for Automotive by Exterior, 2016–2025 (USD Billion)
20. Global Alloy Market for Automotive by Structural, 2016–2025 (USD Billion)
21. Global Alloy Market for Automotive by Others, 2016–2025 (USD Billion)
22. Global Alloy Market for Automotive Revenue Share, by Region, 2018 and 2025
23. North America Alloy Market for Automotive, 2016–2025 (USD Billion)
24. Europe Alloy Market for Automotive, 2016–2025 (USD Billion)
25. Asia Pacific Alloy Market for Automotive, 2016-2025(USD Billion)
26. Latin America Alloy Market for Automotive, 2016–2025 (USD Billion)
27. The Middle East and Africa Alloy Market for Automotive, 2016–2025 (USD Billion)


Table Of Tables

List of Tables

1. Global Alloy Market for Automotive Snapshot
2. Drivers of the Alloy Market for Automotive: Impact analysis
3. Restraints of the Alloy Market for Automotive: Impact analysis
4. North America Alloy Market for Automotive Revenue, by Type, 2016–2025 (USD Billion) 
5. North America Alloy Market for Automotive Revenue, by Vehicle Type, 2016–2025 (USD Billion)
6. North America Alloy Market for Automotive Revenue, by Application, 2016–2025 (USD Billion)
7. The U.S. Alloy Market for Automotive Revenue, by Type, 2016–2025 (USD Billion) 
8. The U.S. Alloy Market for Automotive Revenue, by Vehicle Type, 2016–2025 (USD Billion)
9. The U.S. Alloy Market for Automotive Revenue, by Application, 2016–2025 (USD Billion)
10. Canada Alloy Market for Automotive Revenue, by Type, 2016–2025 (USD Billion) 
11. Canada Alloy Market for Automotive Revenue, by Vehicle Type, 2016–2025 (USD Billion)
12. Canada Alloy Market for Automotive Revenue, by Application, 2016–2025 (USD Billion)
13. Europe Alloy Market for Automotive Revenue, by Type, 2016–2025 (USD Billion) 
14. Europe Alloy Market for Automotive Revenue, by Vehicle Type, 2016–2025 (USD Billion)
15. Europe Alloy Market for Automotive Revenue, by Application, 2016–2025 (USD Billion)
16. UK Alloy Market for Automotive Revenue, by Type, 2016–2025 (USD Billion) 
17. UK Alloy Market for Automotive Revenue, by Vehicle Type, 2016–2025 (USD Billion)
18. UK Alloy Market for Automotive Revenue, by Application, 2016–2025 (USD Billion)
19. France Alloy Market for Automotive Revenue, by Type, 2016–2025 (USD Billion) 
20. France Alloy Market for Automotive Revenue, by Vehicle Type, 2016–2025 (USD Billion)
21. France Alloy Market for Automotive Revenue, by Application, 2016–2025 (USD Billion)
22. Germany Alloy Market for Automotive Revenue, by Type, 2016–2025 (USD Billion) 
23. Germany Alloy Market for Automotive Revenue, by Vehicle Type, 2016–2025 (USD Billion)
24. Germany Alloy Market for Automotive Revenue, by Application, 2016–2025 (USD Billion)
25. Rest of Europe Alloy Market for Automotive Revenue, by Type, 2016–2025 (USD Billion) 
26. Rest of Europe Alloy Market for Automotive Revenue, by Vehicle Type, 2016–2025 (USD Billion)
27. Rest of Europe Alloy Market for Automotive Revenue, by Application, 2016–2025 (USD Billion)
28. Asia Pacific Alloy Market for Automotive Revenue, by Type, 2016–2025 (USD Billion) 
29. Asia Pacific Alloy Market for Automotive Revenue, by Vehicle Type, 2016–2025 (USD Billion)
30. Asia Pacific Alloy Market for Automotive Revenue, by Application, 2016–2025 (USD Billion)
31. China Alloy Market for Automotive Revenue, by Type, 2016–2025 (USD Billion) 
32. China Alloy Market for Automotive Revenue, by Vehicle Type, 2016–2025 (USD Billion)
33. China Alloy Market for Automotive Revenue, by Application, 2016–2025 (USD Billion)
34. Japan Alloy Market for Automotive Revenue, by Type, 2016–2025 (USD Billion) 
35. Japan Alloy Market for Automotive Revenue, by Vehicle Type, 2016–2025 (USD Billion)
36. Japan Alloy Market for Automotive Revenue, by Application, 2016–2025 (USD Billion)
37. India Alloy Market for Automotive Revenue, by Type, 2016–2025 (USD Billion) 
38. India Alloy Market for Automotive Revenue, by Vehicle Type, 2016–2025 (USD Billion)
39. India Alloy Market for Automotive Revenue, by Application, 2016–2025 (USD Billion)
40. Rest of Asia Pacific Alloy Market for Automotive Revenue, by Type, 2016–2025 (USD Billion) 
41. Rest of Asia Pacific Alloy Market for Automotive Revenue, by Vehicle Type, 2016–2025 (USD Billion)
42. Rest of Asia Pacific Alloy Market for Automotive Revenue, by Application, 2016–2025 (USD Billion)
43. Latin America Alloy Market for Automotive Revenue, by Type, 2016–2025 (USD Billion) 
44. Latin America Alloy Market for Automotive Revenue, by Vehicle Type, 2016–2025 (USD Billion)
45. Latin America Alloy Market for Automotive Revenue, by Application, 2016–2025 (USD Billion)
46. Brazil Alloy Market for Automotive Revenue, by Type, 2016–2025 (USD Billion) 
47. Brazil Alloy Market for Automotive Revenue, by Vehicle Type, 2016–2025 (USD Billion)
48. Brazil Alloy Market for Automotive Revenue, by Application, 2016–2025 (USD Billion)
49. Rest of Latin America Alloy Market for Automotive Revenue, by Type, 2016–2025 (USD Billion) 
50. Rest of Latin America Alloy Market for Automotive Revenue, by Vehicle Type, 2016–2025 (USD Billion)
51. Rest of Latin America Alloy Market for Automotive Revenue, by Application, 2016–2025 (USD Billion)
52. The Middle East and Africa Alloy Market for Automotive Revenue, by Type, 2016–2025 (USD Billion) 
53. The Middle East and Africa Alloy Market for Automotive Revenue, by Vehicle Type, 2016–2025 (USD Billion)
54. The Middle East and Africa Alloy Market for Automotive Revenue, by Application, 2016–2025 (USD Billion)

Methodology

Free Analysis

An alloy is a combination of two or more metals elements in a solid solution. Alloys have high strength and corrosion-resistant properties. These properties are different from those of the constituent elements.

The global alloy market for automotive is likely to show considerable growth in the years ahead. Alloys have numerous useful properties, such as they reduce a vehicle’s weight considerably. Stringent government norms are being implemented to produce lightweight vehicles, which is accelerating the demand for alloys in the automotive industry. Reduced weight of vehicles leads to better fuel efficiency. Alloys also reduce emissions from vehicles, as weight and emissions have a direct relationship. Alloys have a wide range of applications in automobiles, such as manufacturing radiators, mounts, crankcase, brackets, crankshaft, housings, cylinder, and oil pumps. Additionally, rapid urbanization is a major growth driver for the global alloy market for automotive. Furthermore, the growing demand for vehicles is a catalyst for market expansion. Rising inflation rates have driven people toward fuel-efficient cars with low operating costs. Moreover, alloys also improve strength while maintaining a lower weight. However, the high cost of alloys may slow down the global alloy market for automotive growth.

On the basis of type, the market includes aluminum, steel, magnesium, and others. The steel segment shows significant growth potential, due to its high demand in India, China, Thailand, and other developing countries. Moreover, developed countries import steel from developing economies for cost benefits. Steel is an affordable alloy and retains all the desirable properties required for various applications along with emitting fewer greenhouse gases during production. By vehicle type, the global alloy market for automotive includes HCV, passenger cars, and LCV. The passenger cars segment is anticipated to hold a prominent market share in the future. The application segment of the market comprises powertrain, exterior, structural, and others.

By region, the Asia Pacific region is estimated to register the fastest growth rate and hold a major share of the global alloy market for automotive. This can be attributed to the rapid urbanization and growing regional demand for alloys. Moreover, the rising disposable income of the regional population leads to diverse increased purchase of a wide range of items. India and China are rapidly growing economies and form a huge platform for industrial growth for the Asia Pacific alloy market for automotive. Numerous car producers have their manufacturing facilities in India, due to the low cost of labor, less number of tax policies, and economical assembly costs. Additionally, government norms to reduce carbon emissions also promote the use of alloys for automobiles across the region.

Some major players of the global alloy market for automotive include Alcoa, ThyssenKrupp, AMG Advanced Metallurgical, Massey Ferguson, ArcelorMittal, Novelis, Norsk Hydro, Kobe Steel, and Constellium.

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