Automotive Metal Market2017: Revenue, Opportunity, Application

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Automotive Metal Market Demand, Supply, Growth
Forecast By 2017 2024
Automotive Metal Market Size, Industry Analysis
Report, Regional Outlook (U.S., Canada, Germany,
UK, Italy, France, Spain, Italy, Russia, Poland,
China, India, Japan, Australia, Brazil, Mexico,
Argentina, South Africa, Saudi Arabia, UAE),
Application Development Potential, Price Trend,
Competitive Market Share Forecast, 2017 2024
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Global Market Scenario of Automotive Metal
Market

• Automotive Metal Market Size will experience
  steady growth owing to increasing vehicle demand
  across the globe.
• Surge in passenger vehicle demand backed by
  increasing disposable income in developing
  economies primarily drive the demand for raw
  material used in automotive industry
• Increasing vehicle demand has led increasing
  vehicle production which drives the demand for
  automotive metal market.
• Significant use of metals in auto components
  such as chassis, engine, roof, panels, wheels,
  brake, radiator will increase automotive metal
  market share during forecast period.
• Stringent government regulations for reducing
  vehicle emission has led to OEMs demanding light
  weight materials for their vehicle production.
• Demand of light weight steel, aluminum
  magnesium and technological advancements focused
  towards increasing material strength will support
  the industry growth.

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Market Research Reports Key Analytical Components
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• Product Analysis-
• On the basis of product, automotive metal market
  is categorized in to steel, aluminum, magnesium.
  High usage of steel in automotive manufacturing
  owing to superior strength will drive the demand
  for steel during forecast period. According to
  World Steel Association, overall body weight of
  passenger car contains of 55-65 steel weight
  and average light truck or SUV contains 3000
  pounds of metal. Increasing usage of magnesium
  alloys in vehicle interior parts will support the
  revenue generation from this segment.
• Aluminum will exhibit significant growth rate
  owing to its lightweight and high recyclability.
  manufacturers focusing on overall vehicle weight
  reduction are increasing using aluminum over
  other metals will drive the demand.
• Regional Trends-
• Asia Pacific dominates overall automotive metal
  market owing to largest automobile production
  industry leading to high raw material demand.
  Countries contributing to the regional growth are
  China India with highest demand and high growth
  rate. High passenger vehicle demand will increase
  raw material consumption during the forecast
  period.

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• Competitive Trends
• Major manufacturing companies are Tata steels,
  Hyundai steel, Essar steel, Thyssenkrupp AG,
  Novalis, Posco, Voestalpine Group, Nippon steel
  Sumitomo Metal corporation, United steel
  corporation, ArcellorMittal, UACJ Corporation,
  Kobe Steel, AMG Advanced Metallurgical Group,
  Constellium NV,Massey Ferguson Ltd. and Norsk
  Hydro among others. The companies focus on new
  product development to increase strength to
  weight ratio of metal. For instance, in November
  2016, ArcellorMittal launched new generation of
  advanced high strength steels for automotive
  applications.

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Latest Research Report On Automotive Metal Market
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