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Global Automotive Lightweight Materials Market Expected to Grow at a CAGR of 8.3% during the Forecast Period of 2016 – 2024

Press release Description

Albany, New York, March 27, 2017: The rising enforcement of stringent rules and regulations regarding emission control has increased the need to improve the safety and fuel economy in automobiles and thus added to the uptake of lightweight materials from automobile industry. Market Research Reports Search Engine (MRRSE) has recently announced the addition of a research report to its enormous online repository. The research report is titled as ‘Automotive Lightweight Materials Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024’. This research studies and forecasts the automotive lightweight materials industry at the global and regional level in terms of revenue & volume from 2016 to 2024. It also includes drivers, restraints, risks and opportunities of the materials market and their impact on growth during the forecast period.

According to Transparency Market Research, the global automotive lightweight materials market will swell at a CAGR of 8.30% between 2016 and 2024. At this pace, the market evaluation will touch the mark of US$301.36 billion by the end of 2024 from US$149.03 billion in 2015. The report includes a detailed value chain analysis, along with a comprehensive overview of the global automotive lightweight materials market including product definition and specifications. The report discusses key market indicators such as automotive production scenario, automotive sales scenario as well as fleet on road. Market dynamics such as market growth drivers, restraints, risks, opportunities and global capability analysis are also precisely discussed in the report.

Also, Porter’s five forces model for the automotive lightweight materials market has also been included to help understand the competitive landscape in the industry. The study covers market attractiveness analysis, wherein several application areas of automotive lightweight materials are benchmarked based on their growth rate, consumption and market size.

The study provides a decisive assessment of the global automotive lightweight materials market by segmenting it in terms product, vehicle type, application, region and end use. These segments have been evaluated based on current and future trends. The global market size has been provided in terms of volume and revenue for different segments. Regional segmentation includes the current and forecast demand for the following:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa.

Browse Full Global Automotive Lightweight Materials Market Report with TOC:

The study includes profiles of major companies operating in the global market. Key players discussed in the report include BASF SE, The Dow Chemical Company, LANXESS AG, Lear Corporation, Momentive Performance Materials, Faurecia S.A., Magna International and others. These market players have been profiled in terms of aspects such as company overview, financial overview, business strategies, recent developments, and SWOT analysis.

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