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Aluminum alloys are high in demand in transportation industry due to its properties such as corrosion resistance, lightweight, recyclability, high strength, and thermal & electrical conductivity. Wrought alloy has higher tensile strength than cast alloys and has more aluminum content, which makes it a popularly used product category. Wrought alloy is lighter in weight and is normally free from common casting defects such as porosity and shrink. The automotive industry and transportation industry mainly has high demands for high strength aluminum alloys. Aerospace and defense industry dominates the demand for ultra-high strength aluminum. The increase in implementation of strict regulations around the world to reduce CO2 emissions from cars has forced the manufacturers to reduce the weight and increase the fuel efficiency of cars. Aluminum, as a lightweight material, is widely used in the automotive industry to reduce the weight of vehicles. One kg of the product can replace up to 1.8 kg of steel, reducing the total weight of vehicles. Lightweight vehicles results in better acceleration, braking, and handling, which reduces the fuel emissions and battery power consumption in electric vehicles. The properties of aluminum such as lightweight, corrosion resistance, and dent resistance allows car manufacturers to make the body of the car thicker in order to increase dent resistance.
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The automotive manufacturers are slowly shifting from steel to aluminum alloys in order to reduce weight in vehicles. The average weight of the vehicle has been continuously increasing as more systems and features are being integrated to improve safety and convenience as well as meet the regulations and end user’s demands. This has led to an increase in the use of high strength aluminum alloys as a substitute to steel as aluminum possesses improved strength capabilities and is lightweight. The increase in the energy costs and environmental pollution are the major problems for the aluminum alloys market. Aluminum production consumes a large amount of energy, and releases hazardous substances, which are harmful for the environment.
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Aluminum Alloys Market Report Highlights
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