Press release
Automotive Lightweight Materials Market Foreseen to Draw a Promising Growth of $124.84 Billion by 2025 | Top Key Company’s - BASF, Thyssenkrupp, Covestro, Arcelormittal, Novelis, PPG
Automotive Lightweight Materials Market
Global Automotive Lightweight Materials Market Overview:
The Global Automotive Lightweight Materials Market has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Automotive Lightweight Materials market size to maintain the average annual growth rate of 0.0909922889368 from $43580.0 Million in 2015 to $67359.0 Million in 2019, market analysts believe that in the next few years, Automotive Lightweight Materials market size will be further expanded, we expect that by 2025, The market size of the Automotive Lightweight Materials will reach $124840.0 Million.
Major key factors driving the growth of the Global Automotive Lightweight Materials Market are increasing stringency of vehicle emission and fuel economy regulations and growing government initiatives for vehicle weight reduction.
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The Global Automotive Lightweight Materials Market is segmented on the basis of Type, Application and Region. Automotive Lightweight Materials market is cover distinctive segment market estimate, both volume and value, also cover diverse businesses customers' data, which is imperative for the makers.
Based on the Type, the Global Automotive Lightweight Materials Market is sub-segmented into Metals, Plastics, Rubber, Composites and others. On the basis of Application, the Global Automotive Lightweight Materials Market is classified into Body-in White, Chassis & Suspension, Powertrains & Closure, Interiors and others.
In terms of the geographic analysis, The Automotive Lightweight Materials Market in North America is expected to grow at the highest CAGR during the forecast period. Moreover, the presence of major players in the Automotive Lightweight Materials Market ecosystem results in the increasing adoption of these systems in North America.
Top Business News:
BASF (February 25, 2021) - New Ultramid Advanced grades with carbon-fiber reinforcement for low-weight and high-performance parts - BASF is now expanding its polyphthalamide (PPA) portfolio of Ultramid Advanced with carbon-fiber reinforced grades with fillings of 20, 30 and 40 percent. The benefits of these new materials: They make for extremely lightweight parts, can safely replace aluminum and magnesium without loss in stiffness and strength and are electrically conductive. The new grades combine these properties with the advantages of Ultramid Advanced N (PA9T) which makes them unique among carbon-fiber reinforced PPAs already available in the market: high dimensional stability due to low water uptake, excellent chemical and hydrolysis resistance, high strength and modulus. The new carbon-fiber (CF) reinforced grades can be used to manufacture automotive structural parts for body, chassis and powertrain, for pumps, fans, gears and compressors in industrial applications as well as for stable and ultra-lightweight components in consumer electronics. With this offering, BASF complements its PPA portfolio of more than 50 grades already available on the market.
The mechanical performance of the new carbon-fiber reinforced PPA grades can be tuned by the choice and the content of the carbon fiber as well as by the additive technology. Ultramid Advanced N3HC8 with 40% carbon fiber filling shows a better strength and modulus at 80°C (conditioned) than magnesium or aluminum. "Our new PPA compounds with carbon fibers are the ideal metal replacement", says Michael Pilarski from PPA business management at BASF. "And this not only from a material property point of view. Lately, we have seen safety issues at magnesium producers in different countries, which makes the supply rather unpredictable. Producing parts out of magnesium or aluminum also requires additional post-processing and tooling which increases system costs. Given the opportunities for 25 to 30% weight reduction with our new PPA grades, we can offer a safe, cost-efficient and high-performance alternative for parts traditionally manufactured from metal."
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Top Leading Key in Players Global Automotive Lightweight Materials Market: BASF, Thyssenkrupp, Covestro, Arcelormittal, Lyondellbasell, Novelis, Toray, PPG, Alcoa, Owens Corning, Stratasys, Borealis, SGL Carbon and others. New product launches and continuous technological innovations are the key strategies adopted by the major players.
With the presence of a large pool of participants, the Global Automotive Lightweight Materials Market is displaying a highly competitive business landscape, finds a new research report by Business Industry Reports (BIR). BASF, Thyssenkrupp, Covestro, Arcelormittal, Lyondellbasell, Novelis, Toray, PPG, Alcoa, Owens Corning, Stratasys, Borealis, SGL Carbon are some of the key vendors of Automotive Lightweight Materials across the world. These players across Automotive Lightweight Materials Market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products.
Region segment: Automotive Lightweight Materials Market report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of Automotive Lightweight Materials in these regions, from 2013 to 2025 (forecast), covering: North America, Europe, Asia Pacific, Middle East & Africa and South America
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Major Points in Table of Contents:
Global Automotive Lightweight Materials Market Report 2021
1 Automotive Lightweight Materials Product Definition
2 Global Automotive Lightweight Materials Market Manufacturer Share and Market Overview
2.1 Global Manufacturer Automotive Lightweight Materials Shipments
2.2 Global Manufacturer Automotive Lightweight Materials Business Revenue
2.3 Global Automotive Lightweight Materials Market Overview
2.4 COVID-19 Impact on Automotive Lightweight Materials Industry
3 Manufacturer Automotive Lightweight Materials Business Introduction
3.1 BASF Automotive Lightweight Materials Business Introduction
3.2 Thyssenkrupp Automotive Lightweight Materials Business Introduction
3.3 Covestro Automotive Lightweight Materials Business Introduction
3.4 Arcelormittal Automotive Lightweight Materials Business Introduction
3.5 Lyondellbasell Automotive Lightweight Materials Business Introduction
3.6 Novelis Automotive Lightweight Materials Business Introduction
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