Automotive Aluminum Extruded parts Market to be swayed by Electric Vehicles
When it comes to automotive materials, aluminum is the only choice!
Automotive aluminum extruded parts market leader Electric Vehicles (EVs) are the ones driving the market for automotive aluminum extruded parts. Everything, from the vehicle closure parts to the chassis to the body-in-white parts, is made of aluminum. Aluminum is an excellent choice for lightweight applications. However, it is preferable to use aluminum alloys instead of pure aluminum because aluminum alloys have better static performance. As a result, welding and riveting become less complicated.
By the foregoing, Norsk Hydro ASA is making significant investments in the output capacities of close to 23 locations throughout North America, all of which will receive adequate technical support and design competency. In addition, there are several innovations in the extruded parts industry. For example, the Constellium University Technology Center at Brunel University London is working on the development of unique extrusion equipment that will aid in the rapid prototyping of automotive components.
The automotive aluminum extruded parts market is segmented according to product type, which includes door beams, sub-structures, bumpers, pillars, subframes, seatback bars, front side rails, space frames, body panels, and other components. The 5000 Series, 6000 Series, 7000 Series, and other series are available in various materials. Passenger cars (luxury cars, mid-sized cars, SUVs, and compact cars), light commercial vehicles, and heavy commercial vehicles are the types of vehicles that are used.
Novelis Inc., Bonnell Aluminum Extrusion Company, CAPALEX, Constellium SE, Kaiser Aluminum Corp., Kobe Steel Ltd., Norsk Hydro ASA, Omnimax International, ProfilGruppen Extrusions AB, SMS Schimmer, USCJ Automotive Whitehall Industries, Inc., Walter Klein GmbH & Co. KG, Gestamp Automation, S.A., China Zhongwang Holdings Ltd., Indo Alusys Industries Ltd.,
In terms of organic and inorganic growth, the stakeholders are not far behind the leaders in the field. For example, in April 2020, Novelis Inc. completed the acquisition of Aleris Corporation, which was previously announced. Aluminum rolled products are produced by the latter company. Novelis, the same company that introduced Advanz 6HS-s650, an accurately engineered aluminum automotive body sheet product in August of this year, did so again. Northvolt and Norsk Hydro ASA, for example, announced in June 2020 that they were forming a joint venture to facilitate the recycling of aluminum and battery materials from electric vehicles. In this joint venture, the goal was to construct a pilot battery recycling plant, which would be the world’s first facility of its kind in Norway.
Overall, the term “shutdown” will not be used in the context of the automotive aluminum extruded parts market during the forecast period. Electric vehicles (EVs) are the future of the automotive industry. As a result, in the future, automotive aluminum extruded parts would be available in abundance throughout the world. Prepare to go on an adventure!