Automotive Lightweight Materials Market Statistics 2019 | Industry Growth, Share & Regional Forecast To 2025
Category: #business  By Partha Ray  Date: 2019-08-13
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Automotive Lightweight Materials Market Statistics 2019 | Industry Growth, Share & Regional Forecast To 2025

Global Automotive Lightweight Materials Market Report provides complete industry analysis, market outlook, size, growth, opportunities and forecast 2024. This report will assist in analyzing the current and future business trends, sales and revenue forecast. It provides top manufacturers information along with Manufacturing Cost Analysis, Industrial Chain, Sourcing Strategy and growth.

Asia Pacific will account for a significant share in the automotive lightweight materials market share. This can be attributed to the increasing demand for low cost and light weight compact vehicles across the region. The increasing demand for Kei cars in Japan and sub-four-meter vehicles in India are expected to further expand the regional share. Moreover, consumers across the region usually prefer vehicles with superior fuel economy, thereby enabling automobile manufacturers to invest in R&D for significantly lowering vehicle weight.

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Stringent efficiency and emission norms are expected to provide a positive outlook for the automotive lightweight materials market expansion. The Corporate Average Fuel Economy (CAFE) standards mandate the automobile manufacturers to maintain a minimum standard fuel economy average of up to 55 miles per gallon. These are enabling automobile manufactures to invest in advanced and lightweight materials, thereby expanding the industry share.

Industry players are continuously engaged in strategic partnerships and joint ventures for expanding their market share. For instance, Magna International and Ford Motor Co. are continuously collaborating for launching lightweight vehicles by introducing a mix of materials including magnesium, aluminum, and high strength steel for vehicle production, thereby providing a positive outlook for the industry expansion.

What Information does this report contain?

  • Historical data coverage: 2014 to 2018; Growth Projections: 2019 to 2025.
  • Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
  • 6-7 year performance forecasts: major segments covering applications, top products and geographies.
  • Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

The automotive lightweight materials market share is highly competitive owing to the presence of multiple industry players including Aleris International, Covestro LLC, Sabic group, Dow DuPont Inc, Kaiser Aluminium, US Magnesium LLC, Reliance Industries Limited, Nippon Fiber Graphite Corporation and Owens Corning Corporation. Industry players are engaged in strategic partnerships and joint ventures for boosting their market share. For instance, in January 2016, Saint Gobain entered into a strategic partnership with Corning for launching light weight automotive glass solutions.

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Industry players are continuously investing in R&D for developing light weight vehicles for expanding the automotive lightweight materials market size. For instance, from 2016 to 2018, General Motors launched around 14 vehicle models with an overall weight reduction of around 5,000 pounds, thereby accounting to 350 pounds per vehicle. Additionally, major automobile manufacturers are continuously investing in a diversified range of materials including carbon fiber composites, aluminum, magnesium, along with a diversified range of plastics and foams for use in chassis, powertrain, and body structure.

Methodology used in this report: -

our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the industry. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc. Primary objectives of data mining include:

  • Automotive Lightweight Materials Market Definition and scope of research
  • Automotive Lightweight Materials Market dynamics, growth drivers and industry pitfalls
  • Automotive Lightweight Materials Market Regulatory and political guidelines for the industry
  • Automotive Lightweight Materials Market Demographics and statistical data

Market Insight Coverage|

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About Global Market Insights

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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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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