Global Automotive Lightweight Material Market: Industry Analysis, Market Size, Cost Structures by 2022 The global automotive lightweight material market is witnessing significant growth, due to rapid increase in number of vehicles, increasing demand for improved vehicle performance, and government regulations and mandates.
The global automotive lightweight material market was estimated at $77.1 billion in 2015, and it is expected to grow at a CAGR of 14.0% during 2016 - 2022. The factors driving the growth of the global market include growing enforcement by government for environmental regulations, increasing number of passenger vehicles and advancement in technology, along with change in material used for manufacturing. Various manufacturers are forced to operate and adopt the new policy and regulations, as per different legislations worldwide to reduce CO2 emission. Request to Get the Sample Report: https://www.psmarketresearch.com/market- analysis/automotive-lightweight-material-market/report-sample Using a high grade of metal and alloys, the use of composites and plastics, development in the design of electrified powertrain are some of the advancements that have been made in the recent years. Geographically, the North American market held the largest share in the global automotive lightweight material market in 2015. The major reasons behind the growth of the market in the region include the regulatory pressure by government to reduce CO2 emission, and strict fuel economy majors being adopted throughout North America. Asia-Pacific is anticipated to be the fastest growing market for automotive lightweight industry. The production volume for passenger car and LCV segment in Asia-Pacific accounted for more than 50% share of the global production. Access Full Report Here: https://www.psmarketresearch.com/market-analysis/automotive- lightweight-material-market The key companies operating in the global automotive lightweight material market include Arcelor Mittal S.A., Owens Corning, PPG Industries Inc., ThyssenKrupp AG, Toray Industries, Inc., Novelis Inc., Alcoa Inc., LyondellBasell Industries N.V., Hexcel Corporation, and Saudi Basic Industries Corporation. About P&S Market Research P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals. As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.
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