Automotive Lightweight Material Market Share, Size, Trends, And Business Opportunity Analysis Report 2019 include historic data, with forecast data to 2022. Automotive Lightweight Material Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2022.
The augmented demand for refining the performance of automobiles is spurring the incorporation of lightweight materials in the car designs. Reports that evaluate the automobile industry have been made available by Market Research Future which creates reports on several industry verticals that review the market growth and prospects. The market is projected to develop at a formidable CAGR through the forecast period.
The raised demand for fuel efficiency is expected to motivate the demand for lightweight materials in the coming years. The intensive focus of the car manufacturers to boost comfort in their product offering is expected to intensify the implementation of lightweight materials further. The increasing number of competitors in the automotive sector is also projected to motivate the expansion of the lightweight material market in the upcoming period.
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Automotive Lightweight Material Market – Segments
The report is segmented into four key dynamics: –
- By Material: Metal, Rubber, and Plastic, among others.
- By Application: Interior, Exterior, and Structural, among others.
- By Vehicle Type: Light Commercial Vehicles, Heavy Commercial Vehicles, and Passenger Vehicles, among others.
- By Region: Europe, North America, Asia Pacific, and the Rest-of-the-World.
Global Automotive Lightweight Material Market – Regional Analysis
The Asia Pacific region, led by the presence of a burgeoning automotive industry, is expected to retain its dominance over the automotive lightweight material market throughout the forecast period. Factors that would substantiate the growth of the regional market include massive consumption of these composites in the region.
Moreover, a well-spread awareness towards the benefits of lightweight materials in controlling the automobile emissions provides impetus to market growth in the region. Rapidly evolving economies such as Japan, China, and India backed by their well-established automotive sectors, account for significant contributors to the growth of the automotive lightweight material market in the APAC region.
The automotive lightweight material market in the European region accounts for the second-largest market, globally. The robust automotive industry in the region is witnessing a steady rise in the demand for the lightweight automotive component. Also, the automotive industry in major countries such as Germany, the U.K., France, and Italy is increasingly consuming these lightweight material components for manufacturing a number of under-hood parts.
North America automotive lightweight material market is rapidly emerging as a profitable market, globally. Factors such as the growing demand for lightweight material for the manufacturing of aftermarket products of interiors as well as exterior body are some of the significant driving forces behind the growth of the market in the region. The US, with the presence of a burgeoning automotive industry, accounts for a major contributor to the growth of the market.
On the other hand, the automotive lightweight material market in the Middle East & African (MEA) region is led by an increase in the automotive sector. The UAE, Saudi Arabia, and Qatar are some of the GCC countries driving the automotive lightweight material market in the region.
Brazil and the Latin American region is gaining tremendous momentum. Moreover, various automotive parts manufacturing sectors including under bonnet, interiors body, outer body, and electrical components that are expected to witness substantial growth during the review period would foster the growth of the market in the region.
Automotive Lightweight Material Market – Competitive Analysis
Highly competitive, the automotive lightweight material market appears to be fragmented with the presence of a large number of key players. These players make substantial investments to incorporate strategic initiatives such as acquisition, collaboration, partnership, expansion, and technology launch, to maintain their positions in the market.
The key players of leading the global automotive lightweight material market include Toray Industries Inc. (Japan), Alcoa Inc. (the US), ArcelorMittal SA (Luxembourg), BASF SE (Germany), ThyssenKrupp AG (Germany), PPG Industries, Inc. (the US), Owens Corning (the US), Covestro AG (Germany), Lyondellbasell N.V.USS.), and Novelis Inc. (the US), among others.
Table of Content
1 Executive Summary
2 Research Methodology
3 Market Dynamics
4 Global Automotive Lightweight Materials Market, By Material
5 Global Automotive Lightweight Materials Market, By Applications
6 Global Automotive Lightweight Materials Market, By Vehicle Type
7 Regional Market Analysis
8 Competitive Analysis
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