The global automotive lightweight materials market is expected to grow at a CAGR of 8.1% during 2014-2019. The major drivers of the global automotive lightweight materials market are government regulations on vehicles conforming to minimum guaranteed mileage (miles per gallon) and emission standards, growing emphasis on stringent safety regulations, continued uptick in vehicle production, progressive shift towards use of lightweight materials in lieu of traditional materials resulting in fuel economy, with increasing gasoline prices.
Lucintel, a leading global Management Consulting
and market research firm, has analyzed the global automotive lightweight materials market by material types in four different regions and has come up with a comprehensive research report, “Global Automotive Lightweight Materials Market 2014-2019: Trends, Forecast, and Opportunity Analysis”. This report provides an analysis of the global automotive lightweight materials market by value and volume, including an analysis of the market trends, competitive landscapes, company profiles, emerging trends, and key drivers of market growth. The study also includes global automotive lightweight materials market forecast through 2019, categorized as follows:
The global automotive lightweight materials market segmented by material type:
· Advanced High-Strength Steel (AHSS)
· Thermosetting Composites
· High Performance Polymers
The global automotive lightweight materials market segmented by region:
· North America
· Asia Pacific
· Rest of World
On the basis of its comprehensive research, Lucintel forecasts that the global automotive lightweight materials market is expected to register high growth during 2014-2019. The aluminum materials segment is likely to dominate in the global automotive lightweight materials market during the forecast period. ArcelorMittal SA, Bayer MaterialScience AG, ThyssenKrupp AG, Alcoa Inc., and Novelis Inc. are some of the suppliers of lightweight materials for various applications in the automotive industry.
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