DUBLIN--(BUSINESS WIRE)--The "Global Automotive Lightweight Materials Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2017 to 2025" report has been added to ResearchAndMarkets.com's offering.
The automotive lightweight material market was valued at US$ 59.7 Bn in 2016, and is expected to reach US$ 180.9 Bn by 2025, expanding at a CAGR of 13.1% from 2017 to 2025.
Technological advancement, worldwide increase in vehicle production and rise in disposable income are the major factors driving the growth of automotive lightweight material market. Government regulation on environmental and standard enforced to cut down CO2 emission and technological evolution are driving the global automotive lightweight materials market. High cost associated with lightweight materials may restrain the growth of automotive lightweight materials market.
Chassis and suspension comprise more than 30% of the overall weight of the vehicle, which creates the huge market for the lightweight materials. The lightweight materials which is used in chassis and suspension are AHSS and aluminum. The plastic materials segment is likely to grow at the fastest rate in the forecast period due to increased usage of plastic in automobile interiors, such as seats, dashboard, instrument panel, and interior roofs. Electric vehicles uses large amount of lightweight materials, as these are mainly driven by battery, wherein lightweight materials help to improve their performance.
North America and Europe were the largest regional markets for automotive lightweight materials. Advanced fuel economy, growing demand for low CO2 emission and stringent government regulations are supporting the lightweight materials market in the region.
Key Topics Covered:
Chapter 1. Preface
Chapter 2. Executive Summary
Chapter 3. Global Automotive Lightweight Materials Market Overview
Chapter 4. Global Automotive Lightweight Materials Market, by Material, 2015-2025 (US$ Mn and Kilo Tons)
Chapter 5. Global Automotive Lightweight Materials Market, by Application, 2015-2025 (US$ Mn and Kilo Tons)
Chapter 6. Global Automotive Lightweight Materials Market, by Geography, 2015-2025 (US$ Mn and Kilo Tons)
Chapter 7. Company Profiles
- Alcoa, Inc.
- BASF SE
- Thyssenkrupp AG
- Covestro AG
- Arcelormittal S.A.
- Lyondellbasell Industries N.V.
- Novelis, Inc.
- Toray Industries, Inc.
- PPG Industries, Inc.
- Owens Corning
For more information about this report visit https://www.researchandmarkets.com/research/s5ctdw/global_automotive?w=4