Automotive Aluminum Market Surge Valuation Of USD 60.58 Billion By 2025 : Grand View Research Inc.
San Francisco, 3 October 2019: The Report Automotive Aluminum Market Size, Share & Trends Analysis Report By End Use (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), By Application, And Segment Forecasts, 2019 – 2025 The global automotive aluminum market size is expected to reach USD 60.58 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 8.7% during the forecast period. Rising emission standards and concerns regarding environment protection are triggering the growth. In August 2018, as per the new agreement between U.S, Mexico, and Canada, around 75% parts of cars or trucks must be manufactured in these three countries to qualify for zero tariffs. North American Free Trade Agreement (NAFTA) announced that the cars and trucks need to achieve the 54.5 mpg fuel efficiency by 2025. These government initiatives are focused on facilitating the auto manufacturers to reduce the weight of the car