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Automotive Aluminum Market: An Exclusive Study on Upcoming Trends and Growth Opportunities
iCrowd Newswire
14 May 2021, 01:23 GMT+10
Opportunities in the automotive aluminum market have evolved through a number of stages. Lucintel has found the future of this market to be promising; the automotive aluminum market is expected to reach $43.2 billion by 2025 with a CAGR of 6.1%. In this market, cast aluminum is the largest segment by product form, whereas passenger car is largest by vehicle type. The increasing use of aluminum in chassis and structural applications and development of advance manufacturing technologies to enhance the material strength provides strategic growth path in this market.
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