Aluminum in the global automotive industry to reach $42.4 billion by 2022

According to a new market report published by Lucintel, the future of aluminum in the global automotive industry looks good, with opportunities in the segments of passenger cars and commercial vehicles. Aluminum in the global automotive industry is expected to reach an estimated $42.4 billion by 2022, and it is forecast to grow at a CAGR of 7.4 percent from 2017 to 2022.

The 235-page report, "Aluminum in the Global Automotive Industry," indicates that the cast aluminum segment will remain the largest market. Asia Pacific is expected to remain the largest region because of high vehicle production, improving economic conditions, and increasing investments by the industry players in that region.

The study includes a forecast by vehicle type, product form, application type, and region.

For more information, visit www.lucintel.com/ds/aluminum_in_automotive_industry_17.aspx.