Global Automotive Lightweight Materials Market

Apr 2020| VMR2188A| Verified Market Research

Report Highlights

Automotive Lightweight Materials Market Size And Forecast

According to Verified Market Research, the Global Automotive Lightweight Materials Market was valued at USD 79.44 Billion in 2018 and is projected to reach USD 132.84 Billion by 2026, growing at a CAGR of 6.6% from 2019 to 2026.

Global Automotive Lightweight Materials Market Outlook

The trend of the adoption of Automotive Lightweight Materials is driving the growth of the market owing to the increasing demand and production of automobiles. In addition, the stringent regulation for the zero-emission vehicles and rise in the need for fuel-efficient vehicles are some other factors fueling the market growth. Moreover, the introduction of government initiatives for the lightly weighted vehicles is imposing a positive impact factor on the market. However, the volatility in the prices of the raw material and huge costs related to the process are factors hampering the market growth. 

Global Automotive Lightweight Materials Market Competitive Landscape 

The Global Automotive Lightweight Materials Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Stratasys Ltd., Owens Corning, BASF SE, Covestro AG, LyondellBasell Industries Holdings B.V., Toray Industries, Inc., ArcelorMittal, thyssenkrupp AG, Novelis, Inc., and Alcoa Corporation.

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