Press release
Automotive Lightweight Material Market is projected to surpass US$ 142.36 Billion by 2032 at a CAGR of 7.1%.
Automotive Lightweight Material Market
๐๐๐ฒ ๐๐ญ๐๐ญ๐ฌ:
โข ๐๐ก๐ ๐ ๐ฅ๐จ๐๐๐ฅ ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐ฅ๐ข๐ ๐ก๐ญ๐ฐ๐๐ข๐ ๐ก๐ญ ๐ฆ๐๐ญ๐๐ซ๐ข๐๐ฅ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฐ๐๐ฌ ๐ฏ๐๐ฅ๐ฎ๐๐ ๐๐ญ ๐๐๐ ๐๐.๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง ๐๐๐๐.
โข ๐๐ก๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐ ๐ซ๐จ๐ฐ ๐๐ญ ๐ ๐๐๐๐ ๐จ๐ ๐.๐% ๐๐ฎ๐ซ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐ข๐จ๐.
โข ๐๐ฒ ๐๐๐๐, ๐ญ๐ก๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐ซ๐๐๐๐ก ๐๐๐ ๐๐๐.๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง.
๐๐๐ญ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/industry-analysis/automotive-lightweight-material-market/request-for-sample
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐๐ง๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ:
The growing requirement to lessen fuel intake pushes the demand for automotive lightweight materials. The most impactful scheme to improve holistic fuel efficiency is the acquisition of lightweight substances in vehicle outline and manufacturing is supporting the automotive lightweight material market growth.
As per the principle that weightless vehicles need less energy to acquire motivation, causing decreased fuel intake and lesser greenhouse gas discharge. The amalgamation of lightweight substances results in the advancement of fuel-efficient vehicles, affirmatively influencing both conventional internal combustion engine vehicles and surfacing electric and hybrid models.
๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ญ๐ซ๐๐ญ๐๐ ๐ข๐๐ฌ ๐๐๐จ๐ฉ๐ญ๐๐ ๐๐ฒ ๐๐๐๐๐ข๐ง๐ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
Manufacturers in the market are diligently involved in several tactical ventures to remain competitive and encounter the altering demands of automotive industry. A list of key companies profiled in the automotive lightweight material market analysis are:
โข AK Steel Corporation
โข Alcoa Corporation
โข ArcelorMittal
โข BASF
โข Borealis
โข Covestro
โข LyondellBasell Industries
โข Novelis
โข Owens Corning
โข POSCO
โข SGL Carbon
โข Stratasys Ltd.
โข ThyssenKrupp AG
โข Toray
โข WHB Automotive
๐๐๐๐ ๐๐จ๐ซ๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐ฆ๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐จ๐ซ๐ ๐ฉ๐ฎ๐ซ๐๐ก๐๐ฌ๐: https://www.polarismarketresearch.com/industry-analysis/automotive-lightweight-material-market/inquire-before-buying
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ข๐ ๐ก๐ญ๐ฐ๐๐ข๐ ๐ก๐ญ ๐๐๐ญ๐๐ซ๐ข๐๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ:
โข Metals dominated the market in 2023, accounting for the largest market share, because metals are the preferred choice in the automotive industry, particularly for achieving light-weighting goals. The dominance of metals is due to their high strength-to-weight ratio.
โข The passenger car segment has held the largest market share due to the unique requirements and preferences of the passenger car segment. The passenger car sector has a higher demand for improved fuel efficiency and lower emissions.
โข Europe is expected to have the largest market share due to regulatory initiatives, consumer preferences, and the strong presence of automotive manufacturers such as Audi, BMW, Mercedes Benz, and others. The European Union has been at the forefront of implementing strict emissions standards in the automotive industry.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
โข Europe held a dominant position in the global market due to administrative enterprise, consumer inclination, and the strong existence of automotive manufacturers such as Audi, BMW, Mercedes Benz, and so on.
โข Asia Pacific is anticipated to develop at the quickest rate in the market over the forecast period due to the speedy extension of the automotive market in Asia Pacific nations such as China and India.
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐ญ๐ก๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐จ๐ฆ๐ฉ๐ซ๐๐ก๐๐ง๐ฌ๐ข๐ฏ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ซ๐: https://www.polarismarketresearch.com/industry-analysis/automotive-lightweight-material-market
๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
๐๐๐๐ผ๐บ๐ผ๐๐ถ๐๐ฒ ๐๐ถ๐ด๐ต๐๐๐ฒ๐ถ๐ด๐ต๐ ๐ ๐ฎ๐๐ฒ๐ฟ๐ถ๐ฎ๐น, ๐ ๐ฎ๐๐ฒ๐ฟ๐ถ๐ฎ๐น ๐ง๐๐ฝ๐ฒ ๐ข๐๐๐น๐ผ๐ผ๐ธ (๐ฅ๐ฒ๐๐ฒ๐ป๐๐ฒ - ๐จ๐ฆ๐ ๐๐ถ๐น๐น๐ถ๐ผ๐ป, ๐ฎ๐ฌ๐ญ๐ต - ๐ฎ๐ฌ๐ฏ๐ฎ)
โข Metal
โข Polymers
โข Composites
โข Elastomers
๐๐๐๐ผ๐บ๐ผ๐๐ถ๐๐ฒ ๐๐ถ๐ด๐ต๐๐๐ฒ๐ถ๐ด๐ต๐ ๐ ๐ฎ๐๐ฒ๐ฟ๐ถ๐ฎ๐น, ๐ฉ๐ฒ๐ต๐ถ๐ฐ๐น๐ฒ ๐ง๐๐ฝ๐ฒ ๐ข๐๐๐น๐ผ๐ผ๐ธ (๐ฅ๐ฒ๐๐ฒ๐ป๐๐ฒ - ๐จ๐ฆ๐ ๐๐ถ๐น๐น๐ถ๐ผ๐ป, ๐ฎ๐ฌ๐ญ๐ต - ๐ฎ๐ฌ๐ฏ๐ฎ)
โข Passenger Cars
โข LCV
โข HCV
๐๐๐๐ผ๐บ๐ผ๐๐ถ๐๐ฒ ๐๐ถ๐ด๐ต๐๐๐ฒ๐ถ๐ด๐ต๐ ๐ ๐ฎ๐๐ฒ๐ฟ๐ถ๐ฎ๐น, ๐๐ฝ๐ฝ๐น๐ถ๐ฐ๐ฎ๐๐ถ๐ผ๐ป ๐ข๐๐๐น๐ผ๐ผ๐ธ (๐ฅ๐ฒ๐๐ฒ๐ป๐๐ฒ - ๐จ๐ฆ๐ ๐๐ถ๐น๐น๐ถ๐ผ๐ป, ๐ฎ๐ฌ๐ญ๐ต - ๐ฎ๐ฌ๐ฏ๐ฎ)
โข Powertrain & Chassis
โข Engine & Mechanical
โข Exterior & Structural
โข Interior
โข HVAC & Electrical
โข Others
๐๐จ๐ฉ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐จ๐ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Automotive Suspension Market: https://www.polarismarketresearch.com/industry-analysis/automotive-suspension-market
Off Road Motorcycle Market: https://www.polarismarketresearch.com/industry-analysis/off-road-motorcycle-market
Automotive Powertrain Systems Market: https://www.polarismarketresearch.com/industry-analysis/automotive-powertrain-systems-market
Automotive Lidar Market: https://www.polarismarketresearch.com/industry-analysis/automotive-lidar-market
Automotive Adhesive And Sealants Market: https://www.polarismarketresearch.com/industry-analysis/automotive-adhesive-sealants-market
๐๐จ๐ง๐ญ๐๐๐ญ:
Likhil G
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๐๐๐จ๐ฎ๐ญ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก & ๐๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ , ๐๐ง๐:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
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