Global Automotive Lightweight Materials Market 2019-2025

The global automotive lightweight materials market is projected to witness considerable growth during the forecast period. With the rise in the global population, and depleting natural and man-made resources, lightweight vehicles have seen a rising demand in the automobile industry and now have become extremely important. Using lightweight materials in various automotive applications is one such advancement that is likely to improve the performance of the vehicle. The need to improve the use of lightweight materials in current transport systems becomes even more critical and would also enable in addressing the international commitment to reduce carbon emissions.

Geographically, the global automotive lightweight materials market is classified into North America, Europe, Asia-Pacific, and the Rest of the World. Europe is anticipated to have a significant market share in the global market. This is mainly owing to the government norms regarding the fuel emission, such as Euro 6 norms was initiated by the European Union for knocking out of pollutants, which includes carbon monoxide and nitrogen oxide. Asia-Pacific is estimated to have considerable growth in the global market during the forecast period. Rising environmental concerns coupled with the increasing demand for automotive lightweight materials is expected to drive the regional growth of the market in the near future.

The global automotive lightweight materials market is influenced by product development and advancements conducted by the market players. Some of the key players of the automotive lightweight materials market include BASF SE, Covestro AG, LyondellBasell Industries Holdings B.V., SABIC, Toray Industries, Inc., ArcelorMittal, PPG Industries, Inc., and ThyssenKrupp AG. These players are playing a significant role in the growth of the automotive lightweight materials market by providing various products and adopting several strategies such as merger and acquisition, partnerships and collaboration, technological development, and others.

Research Methodology

The market study of the global automotive lightweight materials market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary sources include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report is intended for automotive parts manufacturers and suppliers, raw material suppliers, traders, resellers, distributors, investing companies, government organizations, and other market participants for overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. Global Automotive Lightweight Materials Market Research and Analysis by Material Type
2. Global Automotive Lightweight Materials Market Research and Analysis by Vehicle Type
3. Global Automotive Lightweight Materials Market Research and Analysis by Application

The Report covers:

• Comprehensive research methodology of the global automotive lightweight materials market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global automotive lightweight materials market.
• Insights about market determinants which are stimulating the global automotive lightweight materials market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.