Automotive Exterior Materials Market Share, Trends, Growth and Industry Research Report, 2017 - 2024: Global Market Insights Inc.

Automotive Exterior Materials Market size will witness a significant growth owing to need for better aerodynamics designs in order to improve fuel efficiency and reduce overall weight. To meet the regulation standards and legislation concerned with the environment and safety will stimulate the product market demand.

Lighter automobiles can be motorized with small engines, bringing down the carbon footprints without reducing vehicle operational efficiency, which will influence the demand for lightweight automotive resulting in increased market for automobile exterior materials.

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On the basis of product, automotive exterior materials market is segmented into steel, aluminum, plastics, glass, carbon and magnesium. Steel is the most widely used material among all due to very high strength with good formability, variety of new design & fabrication, wide availability, assembling simplicity and attractive cost-benefit ratio for reducing weight. Usage of plastics has also shown a significant increase owing to weight reduction, comparative lower cost, degree of freedom in design, corrosion resistance and material anisotrophy.

North America, dominated by the U.S. for automotive exterior materials market is likely to remain the largest industry owing to rise in market demand from the end-users. The U.S. automobile production has grown at over 16% from 2012 to 2016. New expansion and investments in auto factories coupled with improved installed capacity in Mexico will serve Latin America as well as global markets. This needs automobile manufacturers and suppliers to bring about their supply chains and factory usage cautiously in the nation.

Automotive exterior materials market is highly competitive due to presence of some key industry participants with a minimal difference in their market share. The main industry players include Magna International, INOAC, Covestro, Toyota Boshoku Corporation, Trinseo, DuPont and DURA Automotive Systems.

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Some other market share holders are Gurit, Kirchhoff Automotive, PPAP, Plastic Omnium, Intertek, Cadillac Products Automotive Company and Mitsubishi. The key vendors mostly have a competitive edge over regional and local vendors in terms of research & development inventiveness, strong client base, innovative technology, in-house manufacturing capabilities and product offerings. The industry is expected to witness mergers & acquisitions, along with increased partnerships and collaborations with the alliance participants worldwide during forecast period.

Automotive Exterior Materials Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Italy, France, Spain, Italy, Russia, Poland, China, India, Japan, Australia, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, Iran, UAE), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2017– 2024

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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