Automotive industry worldwide has been experiencing a phase of fairly strong growth and profitability. Manufacturer from automotive industry are increasingly shifting towards lightweight materials as it enhances the fuel efficiency of automobiles and accelerate the performances of the vehicles. Due to this attribute, the consumers are also attracting towards lightweight vehicles which is expected to support the automatic lightweight materials market growth during the forecast period. The automatic lightweight materials market in North America has great potential to grow in the coming years due to the materialization of particular trends, such as increase in ownership affordability.
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Rising demand for lightweight materials owing to low carbon dioxide emission is a major driving factor of the automotive lightweight material market. In addition, advancing technologies and trends coupled with rising disposable income also expected to accelerate the growth of the market. However, the expensive raw material is a major restraint that can hamper the growth of the market.
The report forecasts value of the global automotive lightweight materials market and its various applications with respect to main regions namely, North America, Europe, Asia-Pacific, Latin America and Middle East & Africa with its further bifurcation into major countries including U.S., Germany, France, UK, China, Japan, India, and Brazil. This segmentation includes demand for automotive lightweight materials market based on individual products in all the regions and countries.
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Material type and application segment have been analyzed based on historic, present, and future trends, and the market has been estimated from 2015 to 2020 in terms of volume (Kilo Tons) and revenue (USD Million). Key material type segments covered under this study includes composites, metals and plastics. The composites segment is further bifurcated into carbon fiber reinforced plastic and glass fiber reinforced plastic. Metal segment is classified as aluminum, high strength steel, magnesium and titanium. Moreover, polycarbonate and polypropylene is the sub-segments of plastics segment.
The report provides a comprehensive view on the automotive lightweight materials market. Further, we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the automotive lightweight materials market has also been included. The study encompasses a market attractiveness analysis, wherein product segments are benchmarked based on their market size, growth rate and general attractiveness. It includes company market share analysis, product portfolio of the major industry participants.
Key player operative in the automotive lightweight materials market includes Henkel Corporation, Toray Industries, Inc., Owens Corning Corporation, ArcelorMittal S.A., Alcoa Inc., Saudi Basic Industries Corporation and PPG Industries, Inc.
Key segments of the Global Automotive Lightweight Materials Market
Automotive Lightweight Materials Market: Material Type Segment Analysis
- Carbon Fiber Reinforced Plastic
- Glass Fiber Reinforced Plastic
- High Strength Steel
Automotive Lightweight Materials Market: Application Segment Analysis
- Wind Energy
Automotive Lightweight Materials Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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