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AUTOMOTIVE LIGHTWEIGHT MATERIALS MARKET GROWTH WILL ESCALATE RAPIDLY BY GLOBAL TOP PLAYERS - BASF SE, COVESTRO AG, ARCELORMITTAL S.A., NOVELIS INC., TORAY INDUSTRIES, INC., THYSSENKRUPP AG, LYONDELLBASELL INDUSTRIES N.V., OWENS CORNING, AND ALCOA INC., AM

11-22-2018 08:49 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Accurze Market Research

AUTOMOTIVE LIGHTWEIGHT MATERIALS MARKET

AUTOMOTIVE LIGHTWEIGHT MATERIALS MARKET

Global Automotive Lightweight Materials Market size is projected to be valued $41 Billion by 2024; with a CAGR of 9.2% from 2017 to 2025. The lightweight materials are used to decrease the weight of aircrafts, automotive, and windmills without affecting the strength and proficiency of the structure. They are mixture of metal-alloys and composites and have high strength to weight ratio, greater design flexibility, and exceptional corrosion resistance. They find extensive applications in several industries such as aerospace and automobile, among others. The market poses huge opportunities in passenger cars, light commercial vehicles, and heavy commercial vehicles.

The global automotive lightweight materials market is primarily driven by rising penetration of lightweight components, strict emission and fuel economy guidelines to increase the demand for lightweight materials in automotive industry, and increase in production of aircraft modules. Though, issues such as high cost of carbon fiber, and rapid fluctuations in raw material prices may hindrance the market growth. Moreover, rise in the demand for lightweight and fuel-efficient vehicles across the world, and ongoing R&D along with technological advancement in lightweight materials used in automotive is expected to generate various growth opportunities for the market in the coming years.

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The global automotive lightweight materials market is mainly classified on the basis of material type, application, and geography. On the basis of material type, the market is segmented into metals, plastics, and composites. Metal is further sub-segmented into aluminium, high strength steel (HSS), and other metals. Composite segment is further bifurcated into carbon fiber reinforced plastic (CFRP), and glass fiber reinforced polymer (GFRP). By application the market is segregated into structural, powertrain, interior, exterior, and other applications.

Based on geography, the automotive lightweight materials market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe consist of UK, Germany, France, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
The prominent players operating in the market are PPG Industries, Inc., BASF SE, Covestro AG, ArcelorMittal S.A., Novelis Inc., Toray Industries, Inc., ThyssenKrupp AG, LyondellBasell Industries N.V., Owens Corning, and Alcoa Inc., among others.

The report covers

• The detailed analysis of Automotive Lightweight Materials Market with respect to key segments such as material type, and applicationhas been included in the report

• The report comprises the qualitative and quantitative analysis of the market with market estimation over 2016 – 2025 and CAGR between 2017 and 2025

• Comprehensive analysis of market dynamics including growth factors, restraining factors and opportunities will be provided in the report

• An exhaustive regional and country wise analysis of Automotive Lightweight Materials Market has been covered in the report

• Profile of the major key players operating in the Automotive Lightweight Materials Market will be provided, with detailed study on their key financials, product & services, new developments and business strategies

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Scope of the Global Automotive Lightweight Materials Market
• Material Type Segments
• Application Segments

Geographical Segments

• North America
• Europe
• Asia-Pacific
• RoW

Table of Content

Chapter One: Executive Summary
Chapter Two: Global Automotive Lightweight Materials Market
Chapter Three: Major Players of the Global Automotive Lightweight Materials Market
Chapter Four: Market Outline
Chapter Five: Market by Material Type
Chapter Six: Market by Application
Chapter Seven: Market by Geography
Chapter Eight: Company Profiles

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About Accurize Market Research(AMR)

Accurize Market Research, a research and consulting company providing syndicated as well as customized reports with precise analysis and future outlook. We work across several industries globally helping our customer plan their next strategic move. We at Accurize Market Research believe in customer satisfaction and suggest them take strategic decisions regarding the present and future endeavors. Our reports can be availed in different formats, i.e., Excel/PDF/PPT/Word as per the need and requirement of our consumers.

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