Market Insight: Automotive Aluminum Market to Reach $45 Billion by 2024

Lucintel has announced the launch of a market research report entitled “Growth Opportunities in the Automotive Aluminum Industry.”

This market report for automotive aluminum identifies and predicts future opportunities for growth in the automotive aluminum industry for various segments and for the various regions of North America, Europe, Asia Pacific, and the Rest of the World. It also identifies growth opportunities for automotive aluminum in passenger cars and commercial vehicles.

According to our market report, the automotive aluminum market is expected to reach an estimated $45 billion by 2024 with a CAGR of 6.6% from 2019 to 2024. Some of the dominant players in the automotive aluminum market are alcoa inc., novelis inc., norsk hydro asa , constellium n.v., kaiser aluminum corp., aleris international, inc., aluminum corporation of china limited, vimetco n.v.

In the automotive aluminum market, passenger cars and commercial vehicles are some of the major segments. On the basis of its comprehensive research, Lucintel forecasts that cast aluminum are expected to show above average growth during the forecast period from 2019 to 2024.

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