Press release
Global Automotive Alloy Market Trends, Size, Development and Demand Forecast to 2022
Browse Report at: www.psmarketresearch.com/market-analysis/automotive-alloy-market
The implementation of stringent environmental regulations across the globe is propelling the demand for lightweight materials. Several international organizations are framing strict guidelines and standards in order to reduce the greenhouse gases emission. The European and North American legislation in particular have formulated broad agendas towards the development of lightweight materials in order to achieve target for reduced CO2 emission by 2025. Various developments across Asia-Pacific for reducing carbon emission have also increased. China, the largest greenhouse gas emitter globally, is introducing new policies that are expected to put a cap on carbon emission. Other Asia-Pacific countries, such as India, Australia and Indonesia, are also introducing new norms and regulation to mitigate climate change by reducing carbon emission. These policies are being implemented globally, leading to significant growth of the automotive alloy industry.
Asia-Pacific is estimated to be the largest market of automotive alloy during the forecast period. The growth of the market in the region can be accredited to the development in the economic conditions of developing countries such as China, India, Indonesia, and Thailand. In countries such as China and India, the large population base has contributed to the increase in the number of automobiles sales in the region.
Browse Related Research: www.psmarketresearch.com/industry-report/automotive-and-transportation
Some of the major competitors in the global automotive alloy market include Alcoa Inc., Constellium N.V., AMG Advanced Metallurgical Group N.V., Kobe Steel, Ltd., Novelis Inc., UACJ Corporation, ArcelorMittal South Africa Ltd, Norsk Hydro ASA, ThyssenKrupp AG, Nippon Steel & Sumitomo Metal Corporation.
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