Automotive Lightweight Materials Market : Insights into the Competitive Scenario of the Market
Researchers expect the scenario to remain more or less same over the forthcoming years, with the automotive industry expanding at an amazing pace. However, the high cost of these materials may limit their uptake to some extent in the near future, impacting the growth of the worldwide automotive lightweight materials market.
Browse the Report @
The opportunity in the global automotive lightweight materials market was worth US$149.03 bn in 2015. Analysts estimate the market to swell at a CAGR of 8.30% between 2016 and 2024 and touch US$301.36 bn by the end of 2024.
automotive lightweight materials market
Demand for Metals from Automakers to Continue to Rise
Plastic, metal, rubber, and composites are the main products available in the global lightweight materials market. Holding a share of more than 60%, metals were the most valued product in this market in 2015 and are expected to remain so over the next few years. The suitability of various metals, such as aluminum, steel, and magnesium in automobiles has emerged as the key factor behind the immense demand for metals in automobile manufacturing.
The demand for steel is higher in automobile manufacturing than other metals, thanks to its innate properties, such as strength, rigidity, durability, and machinability. The innovation in various grades of steel, such as DP, UHSS, and CP to further reduce the weight, is anticipated to fuel its demand from automakers in the near future.
Request Sample @
North America to Remain Global Leader
The global automotive lightweight materials market has its presence across North America, Europe, the Middle East and Africa, Latin America, and Asia Pacific. With a share of more than 30%, North America dominated this market in 2015. Thanks to the swelling automotive industry and stringent government regulations to curb the carbon emission, this regional market is likely to retain its lead over the forthcoming years.
Asia Pacific, on the other hand, is expected to present the most lucrative opportunities for lightweight material vendors over the next few years on account of the changing lifestyle of consumers, rising disposable income, and the immensely burgeoning automotive industry.
BASF SE, Momentive Performance Materials, The Dow Chemical Co., LANXESS AG, Reliance Industries Ltd., LyondellBasell Industries N.V., Saudi Basic Industries (SABIC), Grupo Antolin-Irausa S.A., Lear Corp., Johnson Controls Inc., Magna International, Faurecia S.A., Toyota Boshoku Corp., Yanfeng Automotive Trim Systems Co. Ltd., and Sage Automotive Interiors are the key vendors of automotive lightweight materials across the world.
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
USA – Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Lightweight Materials Market : Insights into the Competitive Scenario of the Market here
News-ID: 877193 • Views: 148
More Releases from Transparency Market Research
Dielectric Gases Market Shares, Strategies and Opportunities 2027
Overview TMR’s report on the Dielectric Gases Market is an all-important tool for market stakeholders in their pursuit to discover avenues for innovation, and further undertake strategic planning for the launch of products and services. Our research report on the Dielectric Gases market serves as a valuable guide for market stakeholders. The report deep dives into demand drivers, challenges, and opportunities that are likely to influence the Dielectric Gases market over the
Oxalic Acid Market Size will Observe Lucrative Surge by the End 2027
Overview TMR’s report on the Oxalic Acid Market is an all-important tool for market stakeholders in their pursuit to discover avenues for innovation, and further undertake strategic planning for the launch of products and services. Our research report on the Oxalic Acid market serves as a valuable guide for market stakeholders. The report deep dives into demand drivers, challenges, and opportunities that are likely to influence the Oxalic Acid market over the
Long Fiber Thermoplastics Market Shares, Strategies and Opportunities 2027
Overview TMR’s report on the Long Fiber Thermoplastics Market is an all-important tool for market stakeholders in their pursuit to discover avenues for innovation, and further undertake strategic planning for the launch of products and services. Our research report on the Long Fiber Thermoplastics market serves as a valuable guide for market stakeholders. The report deep dives into demand drivers, challenges, and opportunities that are likely to influence the Long Fiber Thermoplastics
High Performance Foaming Agents Market Size will Observe Lucrative Surge by the …
Overview TMR’s report on the High Performance Foaming Agents Market is an all-important tool for market stakeholders in their pursuit to discover avenues for innovation, and further undertake strategic planning for the launch of products and services. Our research report on the High Performance Foaming Agents market serves as a valuable guide for market stakeholders. The report deep dives into demand drivers, challenges, and opportunities that are likely to influence the High
More Releases for Automotive
Automotive Sunroof Market
Automotive Sunroof is a fixed or operable opening in vehicle that allows light or fresh air to enter inside a car. Sunroof are of many shapes and sizes and styles and they are either manually driver or motor driven. Increasing demand for premium cars and growing need to control light inside the vehicle is fueling the growth of automotive sunroof market. The major driver influencing the growth of automotive sunroof is
Automotive MEMS Sensor
The Insight Partners added “Laser Technology Market to 2025” to its research database. The report is spread across 150 pages and supported by 10 company leaders. A laser is a coherent and focused beam of photons; coherent, in this context, means that it is all one wavelength, unlike ordinary light which showers on us in many wavelengths. Laser technology is used for an extensive range of professional field measurement applications which
Automotive Air Filter Market
An automotive air filter is a device that is made up of fibrous materials that removes solid particulates like pollen, dust, bacteria, and mould from the intake air. A chemical type of air filter consist of a catalyst or absorbent for removing molecular contaminants like ozone or volatile organic compounds. Air filters are being used in applications where air quality is of vital importance, notably in building ventilation systems and
Automotive Fasteners Market
Fasteners are the mechanical components that holds, joins or affixes two or more parts together, automotive industry is the largest market for the fastener. Automotive fasteners are made up of various materials such as Iron, Aluminum, Brass, Nickel, Stainless steel, Plastic, they are further classified with their distinct characteristics. Automotive fasteners are generally used for the clamping parts of vehicle together to avoid their separation or wobbling, transmitting loads as
Automotive Tires Market
The automotive tires play a very important role in vehicle performance along with the vehicle engine. A tire should be fine enough to carry vehicle weight and pressure on any road with superior breaking performances. The manufacturers focus on enhancing the production and performance capabilities of tires to meet with the growing demands of OEMs as well as secondary market.The automotive tires market is expected to grow rapidly in the
Automotive Actuators Market 2017 - AK, FTE automotive
MarketReports.biz’s Automotive Actuators market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market. Request for sample @ https://goo.gl/auN0LC The Players mentioned in our report AK FTE automotive The report includes the forecasts, Analysis and discussion of important industry trends,