Automotive Aluminum Extruded parts Market to be swayed by Electric Vehicles

Electric Vehicles

When it’s automotive material, it’s aluminum!

Electric Vehicles (EVs) are the ones leading the automotive aluminum extruded parts market. Everything – right from vehicle closure parts, chassis, to body-in-white parts use aluminum. Aluminum goes well with lightweight applications. However, it’s advisable to use aluminum alloys in place of aluminum as alloys improve static performance. Welding and riveting thus becomes simpler.

Along the above-mentioned lines, Norsk Hydro ASA is onto heavy investments in the output capacities for close to 23 locations all across North America with proper technical support and design competency. Also, there are various innovations coming up in extruded parts. For instance – Constellium University Technology Center at Brunel University London is into development of an exclusive extrusion equipment that helps in prototyping the automotive components at the faster rate.

Automotive aluminum extruded parts market is categorized by product as door beams, sub-structures, bumpers, pillars, sub frames, seat back bars, front side rails, space frames, body panels, and others. Material-wise, it’s 5000 Series, 6000 Series, 7000 Series, and others. By vehicle, it’s passenger cars (luxury cars, mid-sized cars, SUVs, and compact cars), light commercial vehicles, and heavy commercial vehicles.

The key stakeholders in automotive aluminum extruded parts market are inclusive of Novelis Inc., Benteler International, Boonnell 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 Automocion, S.A., China Zhongwang Holdings Ltd., Indo Alusys Industries Ltd., Century Extrusions Ltd., and Arconic Corporation.

The stakeholders are by no means behind in terms of organic and inorganic growth. For instance – Novelis Inc., in April 2020, went ahead with acquisition of Aleris Corporation. The latter does produce aluminum rolled products. The same Novelis, in August 2019, introduced Advanz 6HS-s650, an accurately engineered aluminum automotive body sheet product. Further, i.e. in June 2020, Northvolt and Norsk Hydro ASA did announce forming a joint venture for facilitating recycling of aluminum and battery materials from EVs. This joint venture’s objective was that of building a pilot battery recycling plant – the very first of this type in Norway.

In all, the term “stoppage” won’t exist for automotive aluminum extruded parts market in the forecast period. EVs are the future of the automotive vertical. As such, all the geographies would be full-on with automotive aluminum extruded parts in future. Be ready to explore!

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