10 August 2020
Visiongain’s new report the Automotive Lightweight Material Market Report 2020-2030: Forecasts by Material (Metal, Composite, Plastic, and Elastomer), by Application (Body in White, Chassis and Suspension, Powertrain, Closures, and Others), by Vehicle Type (Passenger Cars, Light Commercial Vehicle, and Heavy Commercial Vehicle), by Region, Country and Profiles of Leading Companies.
The lead analyst of the report said: "The automotive lightweight material market is about to enter a period of phenomenal growth and innovation. The next ten years will see the upsurge demand of automotive lightweight material.
Automotive lightweight material functions as a significant weight reduction of automotive parts. Automotive material such as metal, composite, engineering plastic and the elastomer is used reduces the weight of the vehicle and enhances the fuel efficiency. The automotive lightweight material should be highly durable, high strength, corrosion resistance, and lighter and stronger to reduce the overall weight of the vehicles and enhance the safety of the passenger and driver.
Stringent government regulations regarding vehicle emission increase in demand for fuel efficiency, increase in vehicle downsizing, growing automotive aftermarket industry, and increase in production and sales of vehicles are the key factors that drive the growth of the automotive lightweight material market during the forecast period. Furthermore, increase in demand for vehicle electrification, customizing the automotive components using innovative materials, increase in demand for engine downsizing, growing automotive industry in the Asia Pacific and increase in sales of electric vehicles are the key opportunities for the manufacturers in the market during the forecast period.
The XX page report contains 126 tables and 308 graphs that add visual analysis in order to explain developing trends within the automotive lightweight material market. Visiongain reports showcased a growth of $ XX bn during the forecast period 2020-2030 for the automotive lightweight material submarkets, namely by application, material, and vehicle type.
Profiles of Key Leading Companies Involved in Automotive Lightweight Material
• BASF SE
• COVESTRO AG
• Toray Industries, Inc.
• Thyssenkrupp AG
• Alcoa Corporation
• STRATASYS LTD.
• Lyondellbasell Industries Holdings B.V.
• Novelis, Inc.
• Owens Corning
• UNITED STATES STEEL CORPORATION
• LG Chem
The XX page report offers market forecasts and analysis for 24 leading national markets and the rest of the world market. In addition, the report contains a dedicated leading companies’ chapter covering more than 15 companies leading the field in automotive lightweight material.
The global automotive lightweight material market 2020-2030 report will be of value to anyone who wants to better understand the automotive lightweight material market and its various segments. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the automotive lightweight material industry.
Notes for Editors
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Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.
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