The global lightweight automotive materials market is growing at a brisk pace due to a variety of factors. Some of the factors include the pressing need to improve the safety of the vehicles along with improving the fuel economy of the vehicles. This can be achieved by using lightweight materials in the manufacturing of the vehicles and eliminating kind of materials and parts that are heavy in nature. Also, governments around the world are enforcing strict environmental legislations regarding the emission norms of vehicles and more stringent norms are being made mandatory as the levels of air pollution increase and global warming problems become more serious resulting in changing climatic patterns and increase in the frequency of natural disasters. To counter such pressing problems, automobile manufacturers are increasingly shifting to lightweight materials that make the handling of the vehicles easier, increases the safety of the vehicles and reduces the weight of the vehicles, making them more fuel efficient and thereby cutting emissions. However, the global lightweight automotive materials market is restrained by the high costs of such lightweight materials.
According to the assessment of Persistence Market Research, the global lightweight automotive materials market is forecasted to reach a figure of about US$ 76,200 Mn in 2022 and is poised to exhibit a steady CAGR in the period of assessment.
APEJ Market Set to Dominate the Global Lightweight Automotive Materials Market in Terms of Revenue
The market in APEJ is set to dominate the global lightweight automotive materials market in terms of value and this trend is projected to sustain itself throughout the assessment period. APEJ lightweight automotive materials market is the most attractive market, growing at a robust CAGR over the forecast period.
Aluminum Additive Type Segment Slated to Touch a Value of About US$ 14,500 Mn in 2022
According to the projections of Persistence Market Research, the aluminum additive type segment is expected to reach a value of about US$ 14,500 Mn in the year 2022. This signifies a robust CAGR during the forecast period of 2017-2022. The aluminum additive type segment is estimated to account for nearly one-fifth of the revenue share of the additive type segment by the end of the year 2017 and is expected to gain in market share by 2022 over 2017.
Compact Passenger Cars Segment to Exhibit a CAGR of Nearly 6% During the Assessment Period
According to the assessment of Persistence Market Research, the compact passenger cars segment is poised to touch a figure of about US$ 18,900 Mn in the year 2022. This signifies a CAGR of nearly 6% during the assessment period from 2017 till the year 2022. The compact passenger cars segment is estimated to account for nearly one-fourth of the revenue share of the vehicle type segment by the end of the year 2017 and is projected to gain market share by 2022 over 2017.
The report also profiles companies that are expected to remain active in the expansion of global lightweight automotive materials market through 2022, which include BASF SE, Covestro AG., LyondellBasell Industries NV, Novelis, Inc., Owens Corning, PPG Industries, Inc., ThyssenKrupp AG, Toray Industries, Inc., ArcelorMittal SA and Alcoa Inc.
Persistence Market Research delivers yet another unbiased, comprehensive and insightful report titled ‘Lightweight Automotive Materials Market: Global Industry Analysis (2012-2016) and Forecast (2017-2022)’. In this report, the global lightweight automotive materials market is explored in great detail, and the market dynamics of the global lightweight automotive materials market has been covered comprehensively, explaining to the report readers the drivers, restraints and trends operating in this highly competitive market. Also, analysis of the data over different parameters has been done in order to arrive at market numbers concerning the global lightweight automotive materials market. Besides, competition landscape of the global lightweight automotive materials market is also covered in this report, giving information about the key companies operating in the global lightweight automotive materials market.
In the first part of the report, the executive summary and the introduction are given. The executive summary gives a summary of the global lightweight automotive materials market and gives the pertinent market numbers that are most significant, which include the historical CAGR growth from 2012 till 2016 and the forecasted CAGR from the year 2017 till the end of the forecast period in the year 2022. Information about lucrative markets from the point of view of leading revenue share and highest CAGR are also given in the executive summary.
In the introduction section, the lightweight automotive materials market is defined in detail so that the report readers are clear about the scope of this market.
The next section of the report gives information on the key dynamics of the lightweight automotive materials market. Key points covered in this section include the global economy, fiscal stimulus and bottom line of enterprises.
In the subsequent section of the report, information is given on the cost structure analysis and pricing analysis of the global lightweight automotive materials market. An analysis on the market presence of key participants (intensity map) is also offered in this section.
The next part of the report consists of the global lightweight automotive materials market analysis and forecast by additive types, vehicle type, application and region. This section of the report contains important market numbers in the form of year-on-year growth comparison, market share comparison and revenue comparison. The global lightweight automotive materials market is also analyzed across key regions- North America, Latin America, Europe, Japan, APEJ and MEA.
The last section of the report contains the competition landscape, where leading market players operating in the global lightweight automotive materials market are profiled in detail. This information is in the form of company overview, product overview, key financials and key developments pertaining to that particular company. The competition landscape also features the SWOT analysis of the selected companies, which gives the report readers information about the strengths, weaknesses, opportunities and the threats that such companies operating in the global lightweight automotive materials market are facing. The competition landscape is an invaluable part of the report as it contains all the necessary information to study the leading companies operating in the global lightweight automotive materials market and how they implement their strategies and vision to stay in the pole position in this highly competitive market.
Persistence Market Research leverages a proven and tested research methodology to determine the revenue estimations of the global lightweight automotive materials market. In-depth secondary research is used to arrive at the overall market size and top industry players. A list of industry players (manufacturers), distributors, retailers, and industry experts is developed along with a comprehensive discussion guide for detailed and exhaustive primary interviews. Data thus obtained is validated using the triangulation method, where primary and secondary research along with Persistence Market Research analysis contribute to the final data. This data is then scrutinized using advanced tools to glean pertinent insights into the global lightweight automotive materials market.