Major factors driving the growth of this market include growing population, rapid urbanization, increasing demand for automobiles, and regulations regarding fuel efficiency and emissions.

Complete report on Alloys Market spread across 145 pages, 10 profiling companies and supported with 77 tables and 59 figures is now available at http://www.marketreportshub.com/alloy-for-automotive-industry-research-marketsandmarkets.html .

The market for steel alloys used in manufacturing automobiles is projected to acquire the maximum market share during the forecast period. This growth can be mainly attributed to the major proportion of steel alloys used in the manufacturing of a vehicle, especially in emerging nations such as China and India. This trend is estimated to continue during the forecast period. These factors make automotive steel alloys the largest market in the global automotive alloys market.
The Asia-Oceania region is estimated to dominate the automotive alloy market and is projected to acquire the maximum market share during forecast period. This growth can be attributed to the progress in the socio-economic conditions by the emerging economies such as China, India, Indonesia, and Thailand. Large population countries such as China and India have contributed to the increase in the number of sales of automobiles in this region.
In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, extensive primary interviews were conducted with key industry personnel. The break-up profile of primary discussion participants is given here Tier 1 (60%), Tier 2 (30%) and OEM (10%) companies were contacted for interviews. The interviews were conducted with various key people such as C-Level (20%) and Director Level (60%) and other (20%) from various key organizations. The primary interviews were conducted worldwide covering regions such as North America (25%), Europe (20%), Asia-Oceania (40%) and RoW (15%).

The automotive alloy market is dominated by a few globally established players, such as ArcelorMittal SA (Luxembourg), Alcoa Inc. (U.S.), Novelis Inc. (U.S.), UACJ Corporation (Japan), Norsk Hydro ASA (Norway), ThyssenKrupp AG (Germany), and Kobe Steel, Ltd. (Japan), among others. Key growth strategies adopted by these players include expansions and new product development.

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The report offers market estimations and projections till 2021 and offers a complete study of the market dynamics. In addition, the report provides the competitive landscape with major growth strategies adopted by the key players.
On a related note, another research titled with Polymer Blends and Alloys Market by Type (PC, PPE/PPO-Based Blends and Alloys and Others), by Application (Automotive, Electrical & Electronics, Consumer Goods, and Others) & by Region - Global Trends and Forecasts to 2020. The global pultrusion market is estimated at USD 3,283.7 million in 2015 and is projected to reach USD4, 251.4 million by 2020, at a CAGR of 5.30% from 2015 to 2020. Now available at
http://www.marketreportshub.com/polymer-blends-alloys-industry-research-marketsandmarkets.html .
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