Press release
Automotive Lightweight Material Market with COVID-19 Update by BASF SE, Covestro AG, Lyondell Basell Industries Holdings B.V, Toray Industries Inc, ArcelorMittal, thyssenkrupp AG, Novelis Inc and Others.
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Automotive Lightweight Material Market post COVID-19 is estimated to grow from USD 69.7 Billion in 2020 to USD 99.3 Billion by 2025, at a CAGR of 7.3% during the forecast period.
Top Companies Profiled in the Automotive Lightweight Material Market:
• BASF SE (Germany)
• Covestro AG (Germany)
• Lyondell Basell Industries Holdings B.V. (Netherlands)
• Toray Industries Inc. (Japan)
• ArcelorMittal (Luxembourg)
• thyssenkrupp AG (Germany)
• Novelis Inc. (US)
• Alcoa Corporation (US)
• Owens Corning (US)
• Stratasys Ltd. (US)
“Stringent emission and fuel economy regulations will drive the automotive lightweight material market”
The automotive lightweight material market post COVID-19 is estimated to grow from USD 69.7 billion in 2020 to USD 99.3 billion by 2025, at a CAGR of 7.3% during the forecast period. The increasing demand for lightweight materials is driven by the rising usage of electric vehicles and stringent emission norms & fuel economy regulations.
“Instrument panel is the fastest growing market, by component”
The instrument panel is projected to be the fastest growing segment in the automotive lightweight material market. With the increasing demand for lighter interior cabins from car buyers, OEMs plan to use lightweight materials in interior applications.
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Breakdown of primary participants’ profile:
• By Company Type: Tier I - 35%, Tier II - 45%, and OEMs -20%
• By Designation: C level - 40%, D level - 35%, Others – 25%
• By Region: North America - 20%, Europe - 35%, Asia Oceania - 40%, RoW – 5%
Competitive Landscape of Automotive Lightweight Material Market:
1 Overview
2 Ranking Of Players In 3d Motion Capture System Market
3 Microquadrants Overview
3.1 Visionaries
3.2 Innovators
3.3 Dynamic Differentiators
3.4 Emerging Companies
4 Competitive Situations & Trends
4.1 Product Launches
4.2 Contracts
4.3 Partnerships
4.4 Expansions
Reason to access this report:
• Country-level market for automotive lightweight material by material type: The report offers in-depth market sizing and forecast up to 2025, by material type (Metals, Composites, Plastics, and Elastomers). The market sizing for the automotive lightweight material market is covered at the country and regional levels.
• Market coverage by electric & hybrid vehicle type for BEV, HEV, PHEV, Bus and Truck at the regional level
• The report provides “Market Share” of the leading players in the automotive lightweight material market.
• Market Development: The report provides comprehensive information about lucrative emerging markets for automotive lightweight materials across different regions.
• Product Development/Innovation: The report gives detailed insights into R&D activities, upcoming technologies, and new product launches in the automotive lightweight material market.
• Market Diversification: The report offers detailed information about untapped markets, investments, new products, and recent developments in the automotive lightweight material market.
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