“With the developing transport and aircraft sector, aluminium’s presence in the market is increasing due to its efficiency, cost effectiveness, sustainability, safety, durability, and performance. The growing demand for energy-efficient lightweight vehicles will also augment the growth of the global aluminium market for the automotive industry over the next four years,” said Technavio’s analyst for research on metals and minerals Chandrakumar Badala Jaganathan.

In terms of the aluminium casting and forging market for the automotive industry, manufacturers are using aluminium forged products due to high strength, reliability and economic viability of the parts. Manufacturers are also using aluminium casting products to comply with stringent emission norms implemented by government authorities such as the US Environmental Protection Agency.

The report also noted that the global aluminium extrusion market will grow rapidly. In the past, aluminium extruded products were used only for engine mounts, brake components, radiator frames, seat frames, and other minor applications. Now, original equipment manufacturers (OEMs) are identifying new applications of aluminium bars and tubes for high-end equipment like safety components, crash management systems, body-in-white structures, cockpit carriers, and elaborate decorative parts.

APMEN Sept 2016, News