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Automotive Lightweight Material Market 2019 To 2022 Analysis: Global Major Players - Alcoa, Toray Industries, ArcelorMittal S.A., ThyssenKrupp, BASF, PPG Industries, Covestro, Owens Corning
Automotive Lightweight Material Market
Market Scenario
Automotive lightweight materials are the materials used in automobiles for reducing the weight and increasing the speed and fuel efficiency of the automotive. These lightweight materials are good for building the frame of vehicles due to advantages provided by them such as less material consumption, low corrosion rate, enhanced strength and improved handling.
One of the key drivers for the growth of automotive lightweight material market is the increase in fuel efficiency achieved by the use of lightweight materials in the automotive. The emergence of strict regulations by the government for the control of carbon dioxide emissions, is leading to the increased adoption of lightweight materials for use in automobiles, thereby driving the growth of the market. However, the growth of this market is expected to be restrained by higher pricing of lightweight materials in automobiles such as carbon fibres and others.
Automotive Lightweight Material Market – Segmentation
The Global Automotive Lightweight Material Market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Material: Comprises Metal, Rubber, Plastic and Others.
Segmentation by Vehicle Type: Comprises Passenger Vehicle and Commercial Vehicle
Segmentation by Application: Comprises Interior, Exterior, Structural and Others
Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
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Automotive Lightweight Material Market: Regional Analysis
The global Automotive Lightweight Material, by region, has been segmented into the four major regions of North America, Europe, Asia Pacific and Rest of the World. Over the last couple of years, the automotive industry has flourished globally, with several technologies emerging in the market. Geographically, Asia Pacific region has been the largest market for automotive exhaust in 2016, followed by North America and Europe. Asia Pacific region has registered the fastest growing region due to the presence of emerging economies such as China, India, South Korea, and Japan. Moreover, several automotive giants have been focusing on this region mainly due to the abundant demand for passenger as well as commercial vehicles, and have therefore planned to expand their operations in the Asia Pacific region. By the end of forecast year, the global market is expected to witness cut throat competition between North America and Europe, in terms of revenue and market share.
Key Players:
Alcoa Inc., (U.S.), Toray Industries Inc.(Japan), ArcelorMittal S.A. (Luxembourg), ThyssenKrupp AG (Germany), BASF SE (Germany), PPG Industries, Inc (U.S.), Covestro AG (Germany), Owens Corning (U.S.), Lyondellbasell N.V. (U.S.), Novelis .Inc.,(U.S.) and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Automotive Lightweight Material Market.
Table of Contents
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
Continued…….
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