Automotive Lightweight Material Market Set to Surge Significantly during 2019-2027: Alcoa, BASF, Covestro, E. I. du Pont de Nemours and Company (DuPont), Grupo Antolin, Lear Corporation, Lyondellbasell Industries Holdings, Magna International, Novelis, Th
The lightweight materials are widely utilized in automobiles for reducing their weight and thereby increase their fuel efficiency and speed. These materials are the best suitable alternatives for heavy generic materials for building the frame of vehicles owing to their advantages such as low corrosion rate, enhanced strength, less material consumption, and improved handling. Replacement of traditional steel components with lightweight materials such as aluminum and magnesium alloys, high-strength steel (HSS), and polymer & carbon fiber composites are capable of reducing the vehicle weight and thereby support in decreasing fuel consumption.
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Automotive Lightweight Material Market Top Key players: Alcoa, BASF, Covestro, E. I. du Pont de Nemours and Company (DuPont), Grupo Antolin, Lear Corporation, Lyondellbasell Industries Holdings, Magna International, Novelis, Thyssenkrupp
The major factors driving the growth of the automotive lightweight material market are stringent rules and regulations in regards to emission and fuel economy and an increase in government initiative towards reduction if vehicle weight. Further, the rising demand for these materials from developing countries and the trend of vehicle electrification are anticipated to offer significant growth opportunities for the automotive lightweight material market in the near future.
This report contains:
• Market sizing for the global Automotive Lightweight Material Market.
• Compare major Automotive Lightweight Material providers strategies and approaches to the challenges they face
• Analysis of the effects deglobalisation trends may have for Automotive Lightweight Material providers
• Profiles of major Automotive Lightweight Material providers
The "Global Automotive Lightweight Material Market Analysis to 2027" is a specialized and in-depth study of the automotive lightweight material industry with a special focus on the global market trend analysis. The report aims to provide an overview of automotive lightweight material market with detailed market segmentation by material, application, vehicle type, and geography.
The global automotive lightweight material market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automotive lightweight material market players and offers key trends and opportunities in the market.
The global automotive lightweight material market is segmented on the basis of material, application, and vehicle type. Based on material, the market is segmented as metals, composites, plastics, and elastomer. Based on application, the automotive lightweight material market is divided into exterior, powertrain, structural, interiors, and others. On basis of vehicle type, the market is bifurcated into passenger car and commercial vehicle.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global automotive lightweight material market based on various segments. it also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America.
The automotive lightweight material market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
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Key Elements that the report acknowledges:
• Market size and growth rate during forecast period.
• Key factors driving the Automotive Lightweight Material Market.
• Key market trends cracking up the growth of the Automotive Lightweight Material Market.
• Challenges to market growth.
• Key vendors of Automotive Lightweight Material Market.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global Automotive Lightweight Material Market.
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major regions.
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
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