Skip to main content

Automotive Lightweight Materials Market: Stringent Regulations to Curb Carbon Emission to Fuel Uptake, TMR

With the presence of a large pool of established automobile manufacturers, such as Tata, BMW, Audi, General Motors, and Ford, the worldwide market for automotive lightweight materials demonstrates a highly competitive landscape in Asia Pacific, Europe, and North America, finds a new research report by Transparency Market Research (TMR). Currently, the market is led by multinational automakers with a robust regional presence. The high potential of this market points towards an intensified rivalry between players in the years to come.

According to TMR’s estimation, the global automotive lightweight materials market offered an opportunity worth US$149.03 bn in 2015. Rising at a CAGR of 8.30% during the period from 2016 to 2024, the total valuation of this market is likely to cross US$301.36 bn by the end of the forecast period. Metals have been the most valued product in this market and are projected to remain so over the next few years.
With Burgeoning Automotive Industry, North America to Retain its Lead
The report also studies the worldwide market for automotive lightweight materials on the basis of its geographical presence. As per the study, the global market is spread across North America, Europe, the Middle East and Africa, Latin America, and Asia Pacific. In 2015, North America emerged as the leading geographical segment in this market with a share of more than 30%. The regional market is expected to retain its position over the forecast period, thanks to the significant growth in the North American automotive industry. The continual advancements in technology, robust manufacturing base, and the presence of a large pool of automobile manufacturers are also projected to boost the North America market for automotive lightweight materials in the years to come.
Europe, which stood second in the global automotive lightweight materials market in 2015, is anticipated to remain seated in this position over the forthcoming years. The alarming rise in carbon emission from automobiles, especially in Spain, and the proposed Euro VI regulations to reduce this emission are likely to propel the Europe automotive lightweight materials market substantially in the near future. However, the Asia Pacific market is predicted to exhibit a greater cumulative average growth rate over the forecast period, owing to the rising trend of owning a vehicle, fueled by changing lifestyle and the increasing disposable income of consumers, states the research report.
Enter your information below to receive a sample copy of this report @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=8509
Stringent Regulations Compel Automakers to Reinvent Products using Automotive Lightweight Materials
“The global market for automotive lightweight materials has gained substantial impetus from the enforcement of various government regulations intended to curb carbon emission from automobiles,” says a TMR analyst. Owing to these regulations, automobile manufacturers are now focusing aggressively on reinventing their products through downsizing engines, electric power steering and hollow seat frames, which require lightweight materials. As a result, the demand for these materials has increased remarkably, having a great impact on this market.
The expansion in the automotive industry in emerging economies is also reflecting positively on the sales of automotive lightweight materials, implying a thriving future for this market. However, the high cost of these materials may limit their uptake, hampering the growth of this market in the near future, states the research study.
By Product
  • Plastics
    • Polypropylene (PP)
    • High Density Polyethylene (HDPE)
    • Polyvinyl Chloride (PVC)
    • Acrylonitrile Butadiene Styrene (ABS)
    • Polycarbonate (PC)
    • Polyurethane (PU)
  • Rubber
  • Composites
  • Metal
    • Aluminum
    • Magnesium
    • Steels
    • Other Alloys
By Vehicle Type
  • Passenger Cars
    • Compact Cars
    • Mid-Size
    • Premium
    • Luxury
  • Commercial Vehicles
  • Heavy Trucks and Busses
By Application
  • Interior
  • Exterior
  • Under Bonnet
  • Structural

The study presented here is based on a report by Transparency Market Research (TMR) titled “Automotive Lightweight Materials Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016-2024.”
Labels:
Location: Albany, NY 12207, USA

Comments

Post a Comment

Popular posts from this blog

Superabrasives (Turning, Cutting, Buffing, Drilling, Boring, Grinding) Market Research Report 2025

An abrasive is a material which molds or provides finishing to a work piece through a process which includes buffing, grinding, cutting, as well as polishing. Abrasion typically depends on the difference in the hardness of the material and the abrasive (with the latter being the harder of the two). Unlike regular abrasion where any two solid materials that repeatedly rub against each other tend to wear away, superabrasives possess the kind of hardness that enables them to stay usable for a longer period of time. On the basis of hardness, the top two superabrasives include diamond and cubic boron nitride (CBN). Industrial diamonds used as superabrasives are exceptionally hard materials. However, they display several technological limitations. For instance, when a diamond comes in contact with a ferrous alloy such as steel or a nickel superalloy, the resulting formation of carbide leads to its abrasion. Also, a diamond-containing tool can only be used at moderate temperatures a...
Post a Comment
Read more

Industrial Lubricants Market: Strong Demand Across Automotive Industry, Trends To 2025

Lubricants refer to the organic or inorganic material primarily being use to decrease friction between two surfaces in contact. Lubricants play a key role in several industries as well as in commercial and residential sectors. One of their most common uses is in the lubrication of bearings and gears, allowing for their easy movement at high speeds, without loss in energy, prevent excessive generation of heat, or most importantly, prevent damage that would be caused otherwise. Industrial lubricants are, therefore, essential in enhancing the overall efficiency of a machine that contains moving parts in contact with one another. The global industrial lubricants market is currently expanding at a solid growth rate, driven by several factors and spearheaded by the likes of BP, Total, Chevron Corporation, ExxonMobil, and Shell. Browse Market Research Report @  http://www.transparencymarketresearch.com/industrial-lubricants-market.html What Impact has the Oil and Gas Industry ...
Post a Comment
Read more

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @   http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid proto...
Post a Comment
Read more