Automotive Lightweight Materials Market Size And Forecast by 2022

Automotive Lightweight Material Market
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.

Request sample copy of report here : https://www.psmarketresearch.com/market-analysis/automotive-lightweight-material-market/report-sample

As high costing of these lightweight materials remains the main barrier, the need of developed technique and change in material use offers solution to some extent. Progressions are being made globally as a result of research work going on and by integration with other industries, such as metallic, polymer, aviation and others for cross-industry learning.

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.

Read summary of 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.

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