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ALLOY MARKET FOR AUTOMOTIVE ANALYSIS

Alloy Market for Automotive - by Product Type (Steel, Aluminum, and Magnesium), by Applications (Structural, Exterior, Power Train, and Others), by Vehicle Type (Light Commercial Vehicle, Heavy Commercial Vehicle, and Passenger Cars), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022-2028

Alloy Market For AutomotiveSize and Trends

Automotive alloys are easy to mold as well as more ductile in nature and provide more strength to pure metals. These alloys are of aluminum, magnesium, and other metals. Increasing demand for electric vehicles (EV) across the globe is expected to aid in growth of the market. This is owing to factors such as it is environment friendly and energy efficient. As per the report of International Energy Agency (IEA), over 750 electric vehicles were sold globally, in 2016.

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