Press release
Automotive Lightweight Material Market to Surpass a Notable CAGR At 5.0% through 2019-2028, Finds FactMR | Key Players are Covestro, Mitsubishi, DowDupont, etc.
Get a Free Sample Report from Here – https://www.factmr.com/connectus/sample?flag=S&rep_id=3423
Automotive Lightweight Material Market – Key Insights
The automotive lightweight material market registered a volume CAGR of nearly 3% during 2013-2018. Aspects influencing growth of the automotive lightweight materials industry range from rising need to improve vehicle performance to concerns over energy consumption and carbon emissions.
In 2018, worldwide volume sales of automotive lightweight materials reached approximately 74 kilotons, and is pegged to record a Y-o-Y growth of 3.4% in 2019.
East Asia is expected to be the leading market for automotive lightweight material, with China accounting for bulk market share in the region. Total volume sales of automotive lightweight materials in East Asia exceeded 27 kilotons in 2018.
China is also likely to emerge as the high-growth market for automotive lightweight materials, with volume sales estimated to grow at a CAGR of nearly 5.0% through 2028. Sales will remain driven by steady demand from the country’s automotive industry.
Automotive Lightweight Material Market – Notable Developments
In February 2019, Tata Steel Ltd. was named one of the ‘World’s Most Ethical Companies’ in 2019 by Ethisphere Institute for the eighth time. The company won the coveted recognition in category of ‘Metals, Minerals and Mining’.
In September 2018, LANXESS, a Germany-based specialty chemicals company, announced to build a new production unit at its Krefeld-Uerdingen site with an aim to expand its global production network for high-performance plastics. By the latter half of 2019, the company plans to produce Durethan and Pocan engineering plastics, which are used in electronics and automotive industries.
In July 2018, LyondellBassel, a leading player in the automotive lightweight material market, announced that it signed an agreement with Karlsruhe Institute of Technology to advance the chemical recycling of plastic materials and support the global efforts towards circular economy and plastic waste recycling needs. The company acquired A. Shulman in a US$ 2.25 billion deal in February 2018.
Other key players operating in the automotive lightweight material market include United States Steel Corporation, ThyssenKrupp AG, Formosa, Trinseo, LG Chem, JSR, Eastman, Alerisw International, Guirt Holding AG, SGL Carbon SE, Teijin Limited, Hunstman, ExxonMobil, Covestro, Mitsubishi, DowDupont, DSM, Solvay, SSAB AB, Ak Steel Holding Corp, Nucor Corp, Trinseo, Luxfer, Kaiser, Hindalco, Braskem, UFP Technologies, Owen Corning, Asahi Kasei Corporation, Ineos, Chevron Phillips, SABIC, Toray, Celanese, BASF, POSCO, Baoshan Iron & Steel Co., Ltd, and ArcelorMittal SA.
Additional Insights
Steel Remains Sought-after among Automotive Lightweight Materials
The study opines that steel will account for a sizeable share of the automotive lightweight materials market. Steel sales for lightweight automotive components surpassed 34 kilotons in 2018, and are estimated to record at a volume CAGR of 3.9% through 2028.
Sales of the automotive lightweight materials will remain comparatively robust in the production of passenger cars, accounting for a significant volume share in 2018. Additionally, growing incorporation of the automotive lightweight materials in manufacturing the engine, exterior components, and interior components of luxury cars will continue to underpin the sales of automotive lightweight materials in the near future.
Research Methodology
In-depth analysis and exhaustive insights provided in the FactMR report on global automotive lightweight material market is a result of a two-step research process that involves primary and secondary resources. In the secondary research methodology, trade journals, paid resources, company annual reports, press releases and other publications related to automotive lightweight material market were studied in order to gain information and market size data.
Have Any Question? Ask Our Industry Experts – https://www.factmr.com/connectus/sample?flag=AE&rep_id=3423
Contact Us
FactMR
11140 Rockville Pike
Suite 400, Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Lightweight Material Market to Surpass a Notable CAGR At 5.0% through 2019-2028, Finds FactMR | Key Players are Covestro, Mitsubishi, DowDupont, etc. here
News-ID: 1798671 • Views: …
More Releases from Fact.MR
Recycled Paper Bags Market is Expected to Reach a Valuation of USD 7 billion by …
The global recycled paper bags market is poised for steady expansion in the coming decade. As of 2025, the market is estimated at USD 5 billion, and projections indicate it will increase to approximately USD 7 billion by 2035, achieving a compound annual growth rate (CAGR) of 3.4 percent over this period. This growth is fuelled by increasing regulatory pressure on single-use plastics, rising consumer preference for sustainable packaging, and…
Himalayan Salt Market is Expected to Reach a Valuation of USD 868.3 million by 2 …
The Himalayan salt market has been experiencing consistent growth, fueled by rising consumer awareness of natural and wellness-oriented products. Market projections indicate that the global Himalayan salt industry will expand from USD 528 million in 2025 to USD 868.3 million by 2035, reflecting a compound annual growth rate (CAGR) of 5.1 percent. This growth is not only tied to the increasing popularity of Himalayan salt as a culinary ingredient but…
Tinplate Market is Expected to Reach a Valuation of USD 35.4 billion by 2035 | F …
The global tinplate market is projected to increase from USD 25.8 billion in 2025 to USD 35.4 billion by 2035, registering a compound annual growth rate (CAGR) of 3.2 percent during the forecast period. This growth is being driven by a rising emphasis on sustainable, recyclable packaging solutions, alongside the strong performance of the food and beverage industry. Tinplate is increasingly favored due to its durability, corrosion resistance, and recyclability,…
Sulphur-Coated Urea Market is Expected to Reach a Valuation of USD 7.5 billion b …
The global sulphur-coated urea market is entering a phase of robust expansion. The market is expected to rise from USD 4.0 billion in 2025 to USD 7.5 billion by 2035, registering a compound annual growth rate (CAGR) of 6.5 percent over the forecast period. This growth highlights the increasing importance of controlled-release fertilizers in modern agriculture, where nutrient efficiency and reduced losses are becoming critical priorities.
Segmentation of the Sulphur-Coated Urea…
More Releases for Automotive
Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, …
According to HTF MI, "Global Automotive Grommet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". The Global Automotive Grommet Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.96% from 2024 to 2030, reaching USD 100 Billion in 2024 and USD 150 Billion by 2030.
Automotive grommets are protective rings or eyelets made from rubber or plastic, used to protect or cover holes in metal…
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%.
Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand
Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of…
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected…
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo …
Automotive safety systems are designed to comply with the standards and regulations prescribed by government agencies and transport authorities worldwide. Passive safety systems are designed to protect passengers, drivers, and pedestrians during an accident.
In terms of region, the global Automotive Passive Safety Systems market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the global…
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del …
According to this study, over the next five years the Oil Pump for Automotive market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Pump for Automotive business.
Get Sample Copy of this Report for more Information…
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, …
Accord Market, recently published a detailed market research study focused on the “Automotive Body Welded Assembly Market” across the global, regional and country level. The report provides 360° analysis of “Automotive Body Welded Assembly Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of…
