Lightweight Automotive Materials Market SWOT Analysis of Top Key Player Forecasts to 2022

Lightweight Automotive Materials Market 2022

The global lightweight automotive materials market is slated to touch a value of about US$ 76,200 Mn in the year 2022 and grow at a steady CAGR during the assessment period.

The prospects of growth of the global lightweight automotive materials market are positively influenced by the recent increase in the automotive regulatory requirements. Due to the growing menace of rising levels of air pollution, governments all across the world have enacted stringent laws and requirements pertaining to the reduction in the emissions of carbon dioxide from the vehicles. A reference can be made of the Kyoto Protocol that commits the countries that have signed this protocol to restrict the emissions of greenhouse gases in the atmosphere. Due to such factors, the automotive manufacturers are increasingly turning to use lightweight materials in the vehicles they manufacture. Such kind of lightweight materials reduce the overall weight of the vehicles, thereby improving the fuel efficiency of such vehicles and cutting the emissions of greenhouse gases. However, the high cost of such lightweight materials is hampering the growth of this market.

To remain ‘ahead’ of your competitors, request for a Sample@ https://www.persistencemarketresearch.com/samples/3483

The global lightweight automotive materials market is slated to touch a value of about US$ 76,200 Mn in the year 2022 and grow at a steady CAGR during the assessment period.

For critical insights on this market, request for customization here@ https://www.persistencemarketresearch.com/request-customization/3483

Forecast Highlights on Global Lightweight Automotive Materials Market

• As per the forecast of Persistence Market Research, the HSS additive type segment is slated to touch a value of nearly US$ 10,000 Mn in the year 2022. This represents a moderate CAGR growth during the assessment period of 2017-2022. The HSS additive type segment is estimated to account for more than one-tenth of the revenue share of the additive type segment by the year 2017 and is forecasted to lose market share by 2022 over 2017.
• As per the forecast of Persistence Market Research, the mid-sized passenger cars segment will reach a value of about US$ 12,500 Mn in the year 2017. This represents a robust CAGR growth during the forecast period. The mid-sized passenger cars segment is forecasted to account for more than one-fifth of the total revenue share of the vehicle type segment by the end of the year 2017 and is expected to gain in market share by 2022 as compared with the year 2017.
• As per the forecast of Persistence Market Research, the body-in white application type segment is slated to reach a value of nearly US$ 18,700 Mn in 2022. The body-in white application type segment is expected to gain market share by the end of the year 2022. The largest share is contributed by the APEJ region in the body-in white application type segment.
• Persistence Market Research forecasts the China lightweight automotive materials market to exhibit a compound annual growth rate (CAGR) of more than 5% from 2017 to 2022.

The report has also included the profiles of some of the leading companies in the lightweight automotive materials market like ArcelorMittal SA, Owens Corning, BASF SE, ThyssenKrupp AG, Covestro AG., PPG Industries, Inc., LyondellBasell Industries NV, Alcoa Inc., Novelis, Inc. and Toray Industries, Inc.

For in-depth competitive analysis, buy now@ https://www.persistencemarketresearch.com/checkout/3483

About us: –

Persistence Market Research (PMR), as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.

Contact Us:

Persistence market research

Address – 305 Broadway, 7th Floor, New York City, NY 10007 United States

U.S. Ph. – +1-646-568-7751

USA-Canada Toll-free – +1 800-961-0353

Sales – sales@persistencemarketresearch.com

Germany Office:

Persistence Market Research

Potsdamer Platz 10 Haus 2, 5th Floor Berlin,

Germany 10785

Call +1 888-863-4084

Transparency Market Research is here to provide companies a one-stop solution with regards to bettering customer experience.