The global Automotive Lightweight Materials Market Size is expected to reach US$ 115.37 billion by 2027 and is expected to grow at an impressive double-digit rate of 7.4% from 2020 to 2027.
The study includes drivers and restraints of this market.
The study provides an analysis of the global Automotive Lightweight Materials
Market for the period 2017-2027, wherein 2020 to 2027 is the forecast period
and 2020 is considered as the base year.
Automotive lightweight materials are prominently used in automotive industry to boost their speed and fuel efficiency by reducing their weight. These lightweight materials are an appropriate replacement for heavy generic materials that were previously used to build the outer frame of vehicles owing to the advantages that include improved handling, enhanced strength, less material consumption, and low corrosion rate. Carbon fiber is one those lightweight materials that is extensively used by automobile manufacturers worldwide, as it notably reduces the weight of the vehicle while preserving the strength.
Why should you invest in this report?
If you are aiming to enter the global Automotive Lightweight
Materials Market, this report is a comprehensive guide that provides crystal
clear insights into this niche market. All the major application areas for Automotive
Lightweight Materials are covered in this report and information is given on
the important regions of the world where this market is likely to boom during
the forecast period of 2020-2027, so that you can plan your strategies to enter
this market accordingly.
Besides, through this report, you can have a complete grasp
of the level of competition you will be facing in this hugely competitive
market and if you are an established player in this market already, this report
will help you gauge the strategies that your competitors have adopted to stay
as market leaders in this market. For new entrants to this market, the
voluminous data provided in this report is invaluable.
Download the Sample Pages for More Understanding@ https://www.precedenceresearch.com/sample/1087
Growth Factors
However, high cost of lightweight materials, limited infrastructure availability, and supply chain volatility may hinder the growth of automotive lightweight materials market over the study timeframe.
- The Asia Pacific was projected as the front-runner in terms of consumption for the year 2019 owing to rapid growth in the adoption of electric and hybrid electric vehicles in the region
- Europe and North America are the prominent revenue contributors in the global market due to availability of advanced transportation infrastructure as well as large R&D investment
- Based on vehicle, passenger vehicle witness high demand for lightweight materials compared to other types of vehicles owing to high sales percentage across the globe
- Light commercial vehicles exhibit lucrative growth during the forecast period because of escalating trend of e-commerce and online shopping
- Metals alloys held the significant value share in the global automotive lightweight materials market in the year 2019 and estimated to be maintain its dominance by 2027
- High-strength Steel [HSS] is a type of metal that encounters prominent demand after aluminum
- Powertrain application expected to be the fastest growing segment over the forecast period due to its significant contribution of more than 27% in the vehicle’s weight
Get Customization on this Research Report@ https://www.precedenceresearch.com/customization/1087
Key Market Players and Strategies
In addition, these industry players also focus prominently on new product development and enhancement. For instance, in March 2018, LyondellBasell introduced its new materials to advance surfaces at the Plastics in the Automotive Engineering technical conference that was organized by the Association of German Engineers (VDI) in Germany.
Some of the prominent players in the automotive lightweight materials market include:
- Henkel AG & Co.
- DuPont
- NovaCentrix
- KGaA
- Intrinsiq Materials, Inc.
- Creative Materials Inc.
- Vorbeck Materials Corporation, Inc
- Johnson Matthey PLC
- Heraeus Holding GmbH
- Applied Ink Solutions
Major Market Segments Covered:
- Passenger Vehicles
- Heavy Commercial Vehicles [HCVs]
- Light Commercial Vehicles [LCVs]
By Material
- High-strength Steel [HSS]
- Metal Alloys
- Polymers
- Composites
By Application
- Exterior
- Interior
- Powertrain
- Structural
- Others
Regional Analysis:
The geographical analysis of the global Automotive
Lightweight Materials Market has been done for North America, Europe,
Asia-Pacific, and the Rest of the World.
The North American market is again segmented into the US,
Canada, and Mexico. Coming to the European market, it can be segmented further
into the UK, Germany, France, Italy, Spain, and the rest. Coming to the
Asia-Pacific, the global Automotive Lightweight Materials Market is segmented
into China, India, Japan, and Rest of Asia Pacific. Among others, the market is
segmented into the Middle East and Africa, (GCC, North Africa, South Africa and
Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What
will be the size of the global Automotive Lightweight Materials Market in
2027?
- What
is the expected CAGR for the Automotive Lightweight Materials Market
between 2021 and 2027?
- Which
are the top players active in this global market?
- What
are the key drivers of this global market?
- How
will the market situation change in the coming years?
- Which
region held the highest market share in this global market?
- What
are the common business tactics adopted by players?
- What
is the growth outlook of the global Automotive Lightweight Materials
Market?
Buy this Premium Research Report@ https://www.precedenceresearch.com/checkout/1087
About Us:
Precedence Research is a worldwide market research and
consulting organization. We give unmatched nature of offering to our customers
present all around the globe across industry verticals. Precedence Research has
expertise in giving deep-dive market insight along with market intelligence to
our customers spread crosswise over various undertakings. We are obliged to
serve our different client base present over the enterprises of medicinal
services, healthcare, innovation, next-gen technologies, semi-conductors,
chemicals, automotive, and among different ventures present globally.
Contact Us:
Mr. Alex
Sales Manager
Call: +1 9197 992 333
Email: sales@precedenceresearch.com
0 comments :
Post a Comment