Automotive lightweight materials are used in automobiles to reduce their weight and increase their speed and fuel efficiency. These Automotive lightweight materials are an apt replacement for heavy generic materials previously used to build the frame of vehicles due to advantages such as less material consumption, enhanced strength, low corrosion rate, and improved handling. Carbon fiber is one such material that is extensively used by automobile companies worldwide, as it provides reduction in vehicle weight while preserving the strength.
The growth in the world automotive lightweight materials market is on a continuous rise. The major factors driving the market growth are considerably increased fuel efficiency, improved control, enhanced strength and shelf life of the vehicle, and reduced CO2 emission from the vehicles. As the transport sector accounts for 23% of the total CO2 emissions globally, hence automobile companies have adopted lightweight materials to curb the pollution, which has further fueled the market growth.
Get Free Sample Report Of Automotive Lightweight Materials Market @ http://www.marketresearchstore.com/report/world-automotive-lightweight-materials-market-opportunities-and-71656#RequestSample
Higher pricing of lightweight materials, such as carbon fibers and few composite materials, than generic materials increases the overall cost of the vehicle, which in turn restrains the market growth. However, with various research facilities working on low cost replacements, the effect of this restraint is expected to abate further. Depleting iron and other generic material reserve in earth gives rise to new opportunities for the growth of the market.
The world automotive lightweight material market is segmented by material type, manufacturing process, application, and geography. Based on material type, it is divided into metals, composites, and plastics. Based on the manufacturing process, it is categorized into extrusion, stamping, forging, casting, open molding, closed molding, and forming. The application segment is divided into structural, powertrain, interior, and exterior applications. The market is analyzed on the basis of four regions, namely, North America, Europe, Asia-Pacific, and LAMEA.
Have any query? Ask our expert @http://www.marketresearchstore.com/report/world-automotive-lightweight-materials-market-opportunities-and-71656#InquiryForBuying
Key players operating in the market include Lyondellbasell Industries N.V., ALCOA Inc., Saudi Basic Industries Corporation (SABIC), PPG Industries Inc., Toray Industries Inc., Novelis Inc., thyssenkrupp AG, Bayer A.G., Owens Corning Corporation, and Arcelormittal S.A. among others.
KEY BENEFITS
- The report provides a comprehensive analysis of the world automotive lightweight material market, with current trends, future estimations, structure, driving factors, scope, opportunities, and challenges.
- A comprehensive analysis of the key segments is provided to gain insights on the market dynamics.
- Porters Five Forces analysis highlights the potential of buyers and suppliers as well as provides a competitive structure of the market to devise effective growth strategies and facilitate better decision-making.
- Value chain analysis provides key inputs on the role of stakeholders involved at various stages.
AUTOMOTIVE LIGHTWEIGHT MATERIALS MARKET KEY SEGMENTS:
BY MATERIAL TYPE
- Metals
- Composites
- Plastics
BY MANUFACTURING PROCESS
- Extrusion
- Stamping
- Forging
- Casting
- Open Molding
- Closed Molding
- Forming
BY APPLICATION
- Structural
- Powertrain
- Interior
- Exterior
BY GEOGRAPHY
- North America
- U.S.
- Mexico
- Canada
- Europe
- UK
- Germany
- Russia
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Taiwan
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
KEY PLAYERS
- Lyondellbasell Industries N.V.
- ALCOA Inc.
- Saudi Basic Industries Corporation (SABIC)
- PPG Industries Inc.
- Toray Industries Inc.
- Novelis Inc.
- thyssenkrupp AG
- Bayer AG
- Owens Corning Corporation
- Arcelormittal S.A.
About Market Research Store
Market Research Store is a single destination for all the industry, company and country reports. We feature large repository of latest industry reports, leading and niche company profiles, and market statistics released by reputed private publishers and public organizations. Market Research Store is the comprehensive collection of market intelligence products and services available on air. We have market research reports from number of leading publishers and update our collection daily to provide our clients with the instant online access to our database. With access to this database, our clients will be able to benefit from expert insights on global industries, products, and market trends.
Contact Us:
Joel John
3422 SW 15 Street, Suit #8138,
Deerfield Beach, Florida 33442,
United States
Tel: +1-386-310-3803
GMT Tel: +49-322 210 92714
USA/Canada Toll Free No. 1-855-465-4651
Email: [email protected]
Web: http://www.marketresearchstore.com/
