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Automotive Lightweight Materials Market supported by a CAGR of 7.1% from 2021 -

[290 Pages Research] automotive lightweight materials market to reach $126.76 billion by 2030; Usage of Composites materials to rise at 9.5% CAGR.

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Automotive Lightweight Materials Market supported by a CAGR of 7.1% from 2021 -

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  2. Automotive Lightweight Materials Market COVID-19 has led to a significant impact on the global automotive industry, with a downturn in demand for new and old vehicles. Changed supply chain outlook, partial commute restrictions, weak financial performance of the automakers significantly impacted the automotive production. The production activities of the automotive industry has directly influenced the demand scenario for the automotive lightweight materials. The global market is projected to witness recovery in the first quarter of the year 2022. Request Customization

  3. Automotive Lightweight Materials Market The global automotive lightweight material market was valued at $71.65 billion in 2020, and is projected to reach $126.76 billion by 2030, registering a CAGR of 7.1%. Europe was the highest revenue contributor, accounting for $26.15 billion in 2020, and is estimated to reach $50.45 billion by 2030, with a CAGR of 8.0%. Europe and North America collectively accounted for around 64.2% share in 2020, with the former constituting around 36.5% share. Automotive lightweight material refers to materials that exhibit high strength-to-weight ratio, superior corrosion resistance properties, and substantial design flexibility, thereby finding its application in automotive system and components. In the recent years, requirement for weight minimization & higher fuel efficiency, adhering to environmental regulations, and changing consumer sentiments toward mobility solutions as consumers demand for high-strength materials to attain the high-end operational performance are the major factors anticipated to influence automakers to focus on redesigning of materials. Connect Analyst

  4. Automotive Lightweight Materials Market Key Benefits For Stakeholders • This study presents the analytical depiction of the global automotive lightweight materials market analysis along with the current trends and future estimations to depict imminent investment pockets. The overall automotive lightweight materials market opportunity is determined by understanding profitable trends to gain a stronger foothold. The report presents information related to key drivers, restraints, and opportunities of the market with a detailed impact analysis. The current market is quantitatively analyzed from 2021 to 2030 to benchmark the financial competency. Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry. • • • • Purchase Enquiry

  5. Automotive Lightweight Materials Market Major Companies:  Alcoa Corporation  ArcelorMittal  BASF SE  Covestro AG  Hindalco Industries Limited  Lyondellbasell Industries N.V.  Owens Corning  Stratasys Ltd.  Thyssenkrupp AG  Toray Industries Inc. Request Customization [ "COVID-19 impact" ]

  6. Automotive Lightweight Materials Market Contact: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 States TollFree (USA/Canada): +1-800-792-5285, +1-503-894-6022, +1-503-446- 1141 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20- 66346060 Fax: +1⟨855⟩550- 5975 help@alliedmarketresearch.com Web: https://www.alliedmarketresearch.com United

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