Light Weight Aluminum Alloys Catering To The Automobile Industry

08/nov/2018 12:25:27 TBRC Contatta l'autore

Aluminum manufacturers are producing customized aluminum alloys for automobile manufacturers to produce light weight vehicles. The use of aluminum alloys in vehicles reduces carbon emissions, increases fuel economy and improves overall stability as aluminum alloys considerably reduce vehicle body weight. This is primarily driven by stringent emission regulations and growing pressure to improve economy by many national and state governments. For instance, the US government’s federal emission standards, makes it mandatory for automobile manufacturers to increase corporate average fuel economy (CAFE) from 35.5 miles per gallon (mpg) in 2016 to 54.5 mpg by 2025.This increase in CAFE is being achieved by increasing the aluminum content in the vehicle’s body to reduce its weight by around 30%. In line with this trend, global automobile manufacturers are increasing the aluminum content in their vehicles. For instance, in 2015, automobile manufacturer Ford launched its all-aluminum body F-150 mini truck which was 700 pounds lighter than the vehicle’s earlier version.

 

THE BUSINESS RESEARCH COMPANY EXPECTS THE ALUMINA AND ALUMINUM PRODUCTION AND PROCESSING MARKET TO GROW TO $297 BILLION BY 2021

 

Asia Pacific was the largest region in the alumina and aluminum production and processing market in 2017, accounting for two-fifth of the market share. This can be attributed to region’s large manufacturing, automobile, transport, and electrical market, especially in countries such as China, Japan, and Korea.

 

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The chart below shows the year-on-year growth of the global alumina and aluminum production and processing market during 2017 – 2021

 

According to The Business Research Company's Consultant, Nitin Gianchandani, a hot forming is a disruptive process in which the aluminum parts are heated, pressed, and quenched within a matched die tool. Cold forming technique produces only geometrically simple parts, whereas hot forming supports use of thinner, aluminum lighter parts with more complex shapes. Treating aluminum at elevated temperatures of 600 o C to 980 o C increases its formability. This results in high strength, low weight, and cost-effective components for aluminum structure.

 

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Rio Tinto was the largest competitor with 3.6% of the market share, with a growth of € 9.3 billion for the financial year. fit this criteria. The company will continue to focus on its high returning growth projects, including the Amrun bauxite project, an aluminum development project. It expects to invest around US $ 5.0 billion in capital expenditure during 2017.

 

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Alumina And Aluminum Production And Processing Market Global Briefing 2018 is a detailed report giving a unique insight into this market. The report is priced at $ 1000 for an individual user. To use across your office, the price is $ 1500 and $ 2000 if you wish to use across a multinational company.

 

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