DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/rb4vpj/global_automotive) has announced the addition of the "Global Automotive Lightweight Materials Market 2014-2018" report to their offering.
The analysts forecast the Global Automotive Lightweight Materials market to grow at a CAGR of 14.47 percent over the period 2013-2018. One of the key factors contributing to this market growth is the stringent laws and regulations pertaining to the environment. The Global Automotive Lightweight Materials market has also been witnessing the increasing use of high-strength plastics. However, the volatile prices of raw materials could pose a challenge to the growth of this market.
Key vendors dominating this space are Alcoa Inc., ArcelorMittal SA., LyondellBasell Industries NV, and U.S. Magnesium LLC.
Other vendors mentioned in the report are AK Steel Corp., Aleris International Inc., Arkema Group, Bayer AG, Borealis AG, Caparo Group Ltd., Constellium NV, Dead Sea Magnesium Ltd., Dow Chemical Co., DuPont, EMS-Chemie Holding AG, Entec Polymers LLC, Evonik Industries AG, ExxonMobil Corp., Formosa Plastics Corp., Henkel AG & Co. KGaA, Huntsman International LLC, Industrial Urethanes, INEOS Group Ltd., Jindal Aluminium Ltd., Kaiser Aluminium Ltd., Kineco Pvt. Ltd., Kobe Steel Ltd., Lanxess Corp., Magnesium Elektron, Meridian Lightweight Technologies, Momentive Performance Chemicals Inc., Norsk Hydro ASA, Novelis Inc., PolyPacific, POSCO, Prime Polymer Co. Ltd., Razin Engineering Plastics Co., Renolit Group, Rima Group, Rio Tinto Alcan Inc., Saudi Basic Industries Corp., Sekisui Foam Australia, Sinopec, Solvay-Rhodia, SSAB, Styron LLC, Tata Steel, The NanoSteel Co. Inc., ThyssenKrupp AG, Toray Industries Inc., U.S Steel Corp., Vedanta Aluminium Ltd., Vimetco NV, and Watts Urethane Products Ltd.
Commenting on the report, an analyst from the team said: The use of plastics in automotive applications has increased substantially over the years. For plastics to be employed in automotive components, a balanced set of properties such as crash worthiness, economical procurement costs, and high strength are required. There is an increasing use of high-strength plastics such as polyoxymethylene in automobile parts such as gears. Thus, the Global Automotive Lightweight Materials market is witnessing the increasing use of high-strength plastics.
For more information visit http://www.researchandmarkets.com/research/rb4vpj/global_automotive
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