Global Automotive Metal Market 2021-2026

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    AUTOMOTIVE METAL MARKET

    The automotive metal market majorly comprised steel manufacturers in past decade, but now with growing emphasis on light-weighting and vehicle electrification, aluminium suppliers have a much bigger opportunity on their hands. 

     

    Info Graphic: Global Automotive Metal Market, Automotive Metal Market, Automotive Metal Market Size, Automotive Metal Market Trends, Automotive Metal Market Forecast, Automotive Metal Market Risks, Automotive Metal Market Report, Automotive Metal Market Share

    AUTOMOTIVE METAL MARKET SEGMENTATION

     

    infographic : Automotive Metal market

     

    AUTOMOTIVE METAL MARKET DYNAMICS

    In developed markets of US and EU, a key trend in has been the development of the lightweight material to tackle the problem of high emission rates. Advanced high-strength steels (AHSS) are now used for nearly every new vehicle design. AHSS make up as much as 60% of today’s vehicles body structures making lighter, optimised vehicle designs that enhance safety and improve fuel efficiency.

     

    New grades of Advanced High-Strength Steels enable carmakers to reduce vehicle component weight by 25-39% and total vehicle weight by 8-10% compared to conventional steel. When applied to a typical five-passenger family car, the overall weight of the vehicle is reduced by 100-150 kg, which corresponds to a lifetime saving of 2-3 tonnes of greenhouse gases over the vehicle’s total life cycle.

     

    Vehicle manufacturers are exploring the use of Aluminium, high-strength steel, magnesium, carbon-fiber composites, and other lightweight materials to reduce vehicle mass and improve fuel economy.

     

    Significant time and investment is being made to develop high-strength components for applications ranging from car doors, electric battery enclosures and complete “body in white” (BiW) body shell for next-gen vehicles.

     

    The average aluminum content of European manufactured cars has now reached more than 170kg in 2019.

     

     

    RECENT PRODUCT DEVELOPMENT IN AUTOMOTIVE METAL MARKET

     

    Info Graphic: Global Automotive Metal Market, Automotive Metal Market, Automotive Metal Market Size, Automotive Metal Market Trends, Automotive Metal Market Forecast, Automotive Metal Market Risks, Automotive Metal Market Report, Automotive Metal Market Share

     

    • Ford has been involved in creation and usage of Natural Fibre reinforced Composites to reduce the Vehicular weight on gross levels. The Cellulose tree fibres and Rice hulls are being used to reinforce plastic and other requirements including wheat usage.

     

    • 3M has been involved with development of Hollow glass microspheres which are known as the glass bubbles. These are engineering from water resistance and chemically stable glass requirements. The Composite has a weight reduction of up to 40 Percent.

     

    • Tata Steel has launched an alternative for current flooring and sidewall material for buses and trailers. Coretinium is an optimized polypropylene honeycomb core used to lighten the weight of floors and sidewalls. Currently, it is used in the EU region for commercial vehicles.

     

    • SABIC has been involved in Fibre Reinforced Thermoplastic Composite bulkhead manufacturing. It is expected to have a 35% mass reduction compared to the existing metals. The bulkhead is made of UDMAX tape woven by Setex

     

    • BASF, in partnership with Magna and Ford, developed a carbon-fibre composite grill opening reinforcement. It was used in the 2016 Ford Shelby GT350 Mustang. The material is 24% lighter than the traditional metal. BASF’s Acrodur is a water-based, low-emission binder that strengthens the natural fibresto create a sustainable, stable, and lightweight solution for car roof frames. It was used in the Mercedes Benz E class

    IMPACT OF ELECTRIC VEHICLES ON AUTOMOTIVE METAL MARKET

    • World Auto Steel, world steel’s automotive group, completed a three-year programme in 2013 that delivers fully engineered, steel intensive designs for electric vehicles. Known as the Future Steel Vehicle (FSV), the project features steel body structure designs that reduce the mass of the body-in-weight to 188 kg and reduce total life cycle greenhouse gas (GHG) emissions by almost 70%

     

    • Electric vehicle growth will leading to changes in physical and functional requirements of BIW( body-in-white) impacting future vehicle design. The newly designed electric vehicle’s aluminium architecture comprises more than 70% aluminium, enabling significant weight reduction.

     

    • The changes are also apparent in terms of riveting and bonding technology required to create a light, stiff body structure. In addition, aluminium is also required for battery modules, which is a combination of aluminium sheet and extrusions.Li-ion batteries to power BEVs and PHEVs (which will account for more than 75% of all plug-in EVs sold in 2019) are extremely heavy(7kg/kWh), so light-weighting is essential  and aluminium is a preferred choice for that

     

    • Development of new high strength alloys and high crush alloys are important for crash management systems (a combination of bumper beams and crash boxes). Improved crash management is important for EVs due to different structural aspect of a vehicle compared to an internal combustion engine

     

    • Tesla Model 3- The second most successful BEV model till date has aluminium in the cabling connecting the electric motor with the onboard battery pack. Aluminium cabling is lighter and less expensive than traditional materials used in cabling.

     

    • The Model Y started production in 2020 shares ~75% of its parts with the Model 3 with a similar hybrid aluminium and steel body, which is in contrast to Model S and X, which have all-aluminium construction. The battery tray is also made of Aluminium-steel and the materials are bonded together using friction stir welding, adhesives, and mechanical fasteners

     

     

    AUTOMOTIVE METAL MARKET SIZE AND FORECAST

    The global trend of light weight substitution will be major growth driver in automotive metal market size. The global automotive metal market size was estimated at $XX Billion in 2021 growing at –% CAGR till 2026.

     

     

    GLOBAL AUTOMOTIVE METAL MARKET NEW LAUNCH

     

    Eaton, the world’s largest power management company, is increasing its 3D printing commitment by launching a new metal 3D printing programme through its Vehicle Group. The programme aims to increase the company’s productivity while also reducing development timelines. The company’s first metal 3D printer was placed in Kings Mountain, N.C., with plans to roll out polymer 3D printing across the board.

     

    Consulting with GE Additive’s AddWorks on how to use metal additive manufacturing in its aircraft operations was part of the agreement. Eaton has also looked into 3D printing sand moulds through a partnership with Bremen Castings, Inc. Airbus parts are already being 3D printed by the company.

     

    Metal and polymer 3D printers are already in use within the Vehicle Group for tooling applications like poke-yokes and gauges. This latest statement demonstrates the company’s continued commitment to the technology.

     

    Eaton will use additive manufacturing to create fixtures, safety devices, robotic grippers for assembly and handling, and replacement components for equipment under its Vehicle Group. Eaton intends to employ 3D scanning to reverse engineer items that can then be improved using 3D printing techniques including topology optimization and part consolidation.

     

     

    GLOBAL AUTOMOTIVE METAL MARKET NEW PRODUCT LAUNCH

     

    The Automotive Transportation Group (ATG) of the Aluminum Association has announced its 2022 Roadmap for Automotive Aluminum, which outlines short- mid and long-term R&D goals in support of automotive customers. The roadmap identifies and prioritises essential collaboration opportunities among aluminium suppliers, recyclers, automakers, policymakers, non-governmental organisations, and other industry players in order to stimulate innovation over the next decade.

     

    The automobile industry is undergoing tectonic transformations in design, propulsion, materials, and manufacturability, ranging from electric vehicles and linked cars to autonomous technologies and supplier sustainability. To fulfil the demands of the market, the aluminium sector is preparing to release the most advanced automobile alloys and product designs ever created.

     

    This technology roadmap outlines where the firm is now, where we’re going, and the particular pathways and objectives that will let automakers envisage cars and trucks that are much superior to anything on the road now to fulfil consumer needs in the next decade and beyond.

     

    The Aluminum Association brought together industry stakeholders to define and solve present obstacles, agree on goals, and develop technical pathways to reach those goals in five important areas in an era of rapid electrification.

     

    METAL MATERIAL IN TREND

    The increasing usage of lightweight materials has been one of the largest changes in the automotive industry. A growing number of American automakers, including Ford, are employing lightweight metals to reduce the weight of their vehicles and, as a result, improve the fuel economy in order to comply with government pollution rules.

     

    Aluminum is currently second to steel as the material that is utilized the most in the design of automobiles, according to this American Metals Market (AMM) article.

     

    AMM claims that the usage of aluminum is expanding because it is a quick, safe, eco-friendly, and economical option to enhance performance, increase fuel economy, and lower emissions. Important aluminum suppliers like Alcoa have benefited from this development and anticipate further expansion on a worldwide basis.

     

    Metals specialists believe that magnesium alloys will eventually play a role in the development of lightweight automobiles, despite the fact that they haven’t garnered nearly as much attention as aluminum.

     

    When using aluminum instead of steel, one experiences a weight reduction of about 40%. A comparative weight reduction greater than aluminum is achieved when using magnesium alloys in place of aluminum.

     

     

    COMPETITIVE LANDSCAPE

     

    The Key players in the Automotive Metal and Light Weight Metals include Covestro AG (Germany), LyondellBasell Industries Holdings BV (Netherlands), Toray Industries Inc. (Japan), ArcelorMittal (Luxembourg), Thyssenkrupp AG (Germany), Novelis Inc. (US), Tata Steel (India), Jindal Steel(India) and the Alcoa Corporation (US).

     

    With the development on a new R&D facility being implemented under AK Steel Holding Corporation, it has been determined and developed to focus on the aspects of new alloy combinations.

     

    There has been extensive research being planned to have a proper source of lightweight metal progression and innovation which would satisfy the requirements down the lane to almost 15 years of production line manufacturing operations and consumer requirements.

     

    Constellium- a leading European aluminium supplier derives ~25% of its annual sales from auto industry and is supplying to BMW and Daimler. It has also launched two new automotive Structure’s facilities in 2019, located in Vigo, Spain, and Nanjing, China.

     

    Novelis is actively targeting BEV market, it has developed a new aluminium sheet battery enclosure solution for BEVs. The enclosure made of highly formable aluminium alloys is up to 50% lighter than an equivalent steel design allows 6-7% extra range per full charge.

     

    Among Asian suppliers, Tata Steel developed DP1000HY-GI, a high-yield, ultra-high strength steel in 2014 product which allowed manufacturers to make lighter components without altering their production facilities. In the same year, it also introduced a new suite of hot-rolled sheet steel products aimed at helping OEMs reduce the weight of undercarriage.

     

     

    COMPANY PROFILES

    1. Arcelor Mittal
    2. Voestalpine Group
    3. Thyssenkrupp AG
    4. Tata Steel
    5. JSW
    6. Novelis Inc
    7. Alcoa Corporation
    8. Hyundai Steel Co., Ltd
    9. China Steel Corporation
    10. Nippon Steel & Sumitomo Metal Corporation
    11. Essar Steel
    12. United States Steel Corporation
    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2021-2026
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2021-2026
    19 Market Segmentation, Dynamics and Forecast by Application, 2021-2026
    20 Market Segmentation, Dynamics and Forecast by End use, 2021-2026
    21 Product installation rate by OEM, 2021
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2021
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
     
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