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Automotive Lightweight Material Market: Competitive Dynamics & Global Outlook 2023
Market Manufacturers Regions Type Application Forecast

BriefingWire.com, 11/08/2018 - New report published by Global Info Research which offers insights on the global Automotive Lightweight Material market.

Metals is largest segment, by volume as well as by value, in the automotive lightweight material market. The segment is leading due to the high use of metals in any automobile, followed by plastics and rubber. A study conducted by EDAG Engineering GmbH with U.S. National Highway Traffic Safety Administration (NHTSA) suggests that using aluminum to make a car can reduce the vehicle weight up to 35% at an additional cost of USD 927 per vehicle, whereas using CFRP to build a car could reduce the vehicle’s weight by half, at an additional cost of USD 2,700. Hence, the use of composite materials in automotive industry is presently limited majorly to the premium passenger cars, owing to the high price of these materials.

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https://www.globalinforesearch.com/global-automotive-lightweight-material-market_p88979.html

Global Automotive Lightweight Material Market: Forecast by Type / Application / Region

More than 30% of the vehicle’s weight is concentrated in the chassis and suspension and hence has a huge potential for lightweighting. The segment is projected to grow at the fastest growth rate over the next five years. Based on a publication by the U.S. DOE, has mandated a ~35% weight reduction in the chassis and suspension segment by 2025, with a further reduction in weight of ~55% by 2050. The lightweight materials used in the chassis and suspension are HSS and aluminum. The Body-in-White and Interiors segments are the second and third fastest growing in the lightweight materials market respectively.

The worldwide market for Automotive Lightweight Material is expected to grow at a CAGR of roughly x% over the next five years, will reach x million US$ in 2023, from x million US$ in 2017, according to a new GIR (Global Info Research) study.

This report focuses on the Automotive Lightweight Material in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

Global Nonferrous Metal Recycling Market:Key Players

BASF (Germany)

ThyssenKrupp (Germany)

Covestro (Germany)

ArcelorMittal (Luxembourg)

Lyondellbasell (U.S.)

Novelis (U.S.)

Toray Industries (Japan)

PPG Industries (U.S.)

Alcoa (U.S.)

Owens Corning (U.S.)

Ask for Discount on Research Report and Request Sample Copy of Report@

https://www.globalinforesearch.com/global-automotive-lightweight-material-market_p88979.html

Related Information:

United States Automotive Lightweight Material Market 2018 Forecast to 2023

Europe Automotive Lightweight Material Market 2018 Forecast to 2023

North America Automotive Lightweight Material Market 2018 Forecast to 2023

Asia-Pacific Automotive Lightweight Material Market 2018 Forecast to 2023

China Automotive Lightweight Material Market 2018 Forecast to 2023

EMEA Automotive Lightweight Material Market 2018 Forecast to 2023

Global Automotive Lightweight Material Market 2018 Forecast to 2023

 
 
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