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Automotive Exterior Materials Market Global Analysis and Forecast By Top Industry Players: Magna International, INOAC, Covestro, Toyota Boshoku Corporation, Trinseo, DuPont, DURA Automotive Systems, Gurit, Kirchhoff Automotive, PPAP, Plastic Omnium, Inter

07-30-2018 03:58 PM CET | Logistics & Transport

Press release from: Global Market Insights, Inc.

Automotive Exterior Materials Market Global Analysis

Global Automotive exterior materials market is grouped into fenders, tailgates, hoods, doors, bumpers, beams and frames. Automobile bumpers and hoods holds a major market share due to given highest priority to pedestrian safety. Bumpers are generally made up of fiber composites or engineering thermoplastics. Hood, fenders, doors and tail gates are mainly made up of steel, stainless steel or composite materials.

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On the basis of product, automotive exterior materials market is segmented into steel, aluminum, plastics, glass, carbon and magnesium. Steel is the most widely used material among all due to very high strength with good formability, variety of new design & fabrication, wide availability, assembling simplicity and attractive cost-benefit ratio for reducing weight. Usage of plastics has also shown a significant increase owing to weight reduction, comparative lower cost, degree of freedom in design, corrosion resistance and material anisotrophy.

North America, dominated by the U.S. for automotive exterior materials market is likely to remain the largest industry owing to rise in market demand from the end-users. The U.S. automobile production has grown at over 16% from 2012 to 2016. New expansion and investments in auto factories coupled with improved installed capacity in Mexico will serve Latin America as well as global markets. This needs automobile manufacturers and suppliers to bring about their supply chains and factory usage cautiously in the nation.

Asia Pacific automotive exterior materials market is anticipated to exhibit significant growth due to the increase in demand of passenger cars and light commercial fuel-efficient vehicles particularly in China and India. The presence of key industry automotive players including Honda, Toyota, Tata, Maruti Suzuki, Nissan, Mazda, Mitsubishi, Mahindra & Mahindra, Dongfeng, Geely, Changan and Hyundai will boost the demand of automobile exterior materials in this region.

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Automotive exterior materials market is highly competitive due to presence of some key industry participants with a minimal difference in their market share. The main industry players include Magna International, INOAC, Covestro, Toyota Boshoku Corporation, Trinseo, DuPont and DURA Automotive Systems. Some other market share holders are Gurit, Kirchhoff Automotive, PPAP, Plastic Omnium, Intertek, Cadillac Products Automotive Company and Mitsubishi. The key vendors mostly have a competitive edge over regional and local vendors in terms of research & development inventiveness, strong client base, innovative technology, in-house manufacturing capabilities and product offerings.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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