Press release
The subsequent 10 years to witness a technologically advanced transition with respect to the Lightweight Automotive Materials Market
The global lightweight automotive materials market is slated to touch a value of about US$ 76,200 Mn in the year 2022 and grow at a steady CAGR during the assessment period.
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Forecast Highlights on Global Lightweight Automotive Materials Market
• As per the forecast of Persistence Market Research, the HSS additive type segment is slated to touch a value of nearly US$ 10,000 Mn in the year 2022. This represents a moderate CAGR growth during the assessment period of 2017-2022. The HSS additive type segment is estimated to account for more than one-tenth of the revenue share of the additive type segment by the year 2017 and is forecasted to lose market share by 2022 over 2017.
• As per the forecast of Persistence Market Research, the mid-sized passenger cars segment will reach a value of about US$ 12,500 Mn in the year 2017. This represents a robust CAGR growth during the forecast period. The mid-sized passenger cars segment is forecasted to account for more than one-fifth of the total revenue share of the vehicle type segment by the end of the year 2017 and is expected to gain in market share by 2022 as compared with the year 2017.
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• As per the forecast of Persistence Market Research, the body-in white application type segment is slated to reach a value of nearly US$ 18,700 Mn in 2022. The body-in white application type segment is expected to gain market share by the end of the year 2022. The largest share is contributed by the APEJ region in the body-in white application type segment.
• Persistence Market Research forecasts the China lightweight automotive materials market to exhibit a compound annual growth rate (CAGR) of more than 5% from 2017 to 2022.
The report has also included the profiles of some of the leading companies in the lightweight automotive materials market like ArcelorMittal SA, Owens Corning, BASF SE, ThyssenKrupp AG, Covestro AG., PPG Industries, Inc., LyondellBasell Industries NV, Alcoa Inc., Novelis, Inc. and Toray Industries, Inc.
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Related Reports:
• Automotive Interior Materials Market
https://www.persistencemarketresearch.com/market-research/automotive-interior-materials-market.asp
The global automotive interior material market was projected US$ ~98.9 Bn in 2018, and is anticipated to increase at a CAGR of ~6% in the forecast period of 2019-2029, and reach ~192.1 Bn units by the end of 2029.
• Train Seat Materials Market
https://www.persistencemarketresearch.com/market-research/train-seat-materials-market.asp
The global train seat materials market is projected to expand at a CAGR of around 4.5% over the forecast period of 2021-2031.
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