Global Automotive ABS aluminum alloy Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Automotive ABS aluminum alloy Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Automotive ABS (Auto Body Sheet) aluminum alloy is a high-precision aluminum alloy sheet used to manufacture automobile body panels, that is, body panels. It has the advantages of light weight, high strength, good formability and corrosion resistance, and can improve Fuel efficiency and safety performance of automobiles.

Market Overview:

The latest research study on the global Automotive ABS aluminum alloy market finds that the global Automotive ABS aluminum alloy market reached a value of USD 13744.01 million in 2023. It’s expected that the market will achieve USD 27690.61 million by 2029, exhibiting a CAGR of 12.38% during the forecast period.

Driving factors

Increase in per capita disposable income and development of new energy vehicles
With the increase of global per capita disposable income and the development of new energy vehicles, the global automotive ABS aluminum alloy market has huge opportunities and potentials. First, an increase in per capita disposable income means that consumer demand for high-quality, high-performance vehicles is also increasing. As economic conditions improve, consumers are more able to purchase vehicles and seek higher specifications and a more comfortable driving experience. Automakers will continue to improve vehicle quality and adopt more advanced materials and technologies to meet consumer demands for quality and performance. As a lightweight material, ABS aluminum alloy has excellent strength and rigidity, which can help automakers achieve higher fuel economy and better safety performance, so it has great potential in meeting consumer needs. Secondly, the development of new energy vehicles will also promote the growth of the automotive ABS aluminum alloy market. Sales of new energy vehicles such as electric vehicles and hybrid vehicles have grown steadily amid rising environmental awareness and government support for clean energy. These new energy vehicles need to use lightweight materials to reduce body weight, improve cruising range and energy efficiency. ABS aluminum alloy provides an ideal material choice for new energy vehicles with its low density, excellent strength and good processability. Therefore, with the expansion of the new energy vehicle market, the demand for ABS aluminum alloy will continue to grow, bringing more opportunities to the global automotive ABS aluminum alloy market.

Region Overview:

In 2022, the share of the Automotive ABS aluminum alloy market in Europe stood at 34.57%.

Company Overview:

Novelis is the world's largest aluminum recycler and manufacturer of rolled aluminum products, leveraging the unique properties of aluminum to present sustainable solutions to customers. Novelis' manufacturing model can not only reduce the energy, sewage, landfill waste and greenhouse gas emissions related to production, but also reduce the carbon emissions of products made of aluminum. As an industry leader, Novelis is recognized and measured by the companies it works with. Novelis customers include some of the world's most recognized major automotive, beverage can, construction and consumer electronics brands such as Coca-Cola, Anheuser-Busch InBev, Ford, Jaguar Land Rover and Samsung. With state-of-the-art aluminum rolling and recycling plants in North America, South America, Europe and Asia, Novelis utilizes an integrated global network of manufacturing and recycling to supply customers around the world with consistently high-quality products.

Arconic is a leading supplier of aluminum sheet, sheet and shape, and innovative building products advancing the automotive, aerospace, commercial transportation, industrial, packaging, and construction markets. Arconic is a leader in aluminum sheet and plate for the aerospace industry and is a market leader in supplying aluminum sheet to the North American automotive market. Arconic is at the forefront of the historic shift in the automotive market towards aluminum-intensive vehicles. From bumper to bumper, the company's aluminum sheets and shapes make cars and trucks safer, lighter and more fuel-efficient. In the air, Arconic is building the future of aviation with lighter, stronger aluminum and aluminum-lithium components. Committed to operational excellence and innovative, best-in-class products, Arconic supplies rolled products to customers around the world from some of the largest and most advanced rolling mills in operation today.

Novelis is one of the major players operating in the Automotive ABS aluminum alloy market, holding a share of 32.99% in 2023.

Segmentation Overview:

As for product types, the Coil segment held the largest market share in 2022.

Application Overview:

The market's largest segment by application is the segment fuel car, with a market share of 81.04% in 2022.

Key Companies in the global Automotive ABS aluminum alloy market covered in Chapter 3:

Henan Zhongfu Industrial Co., Ltd.
Baowu Aluminum Technology Co., Ltd.
Constellium
Shandong Nanshan Aluminum Co., Ltd.
Arconic
Hydro
Southwest Aluminum (Group) Co., Ltd.
Kobelco
Novelis

In Chapter 4 and Chapter 14.2, on the basis of types, the Automotive ABS aluminum alloy market from 2019 to 2030 is primarily split into:

Coil
plate

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Automotive ABS aluminum alloy market from 2019 to 2030 covers:

new energy vehicles
fuel car
hybrid car

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)