The research authors at Transparency Market Research had placed the evaluation of the global automotive lightweight materials market at US$ 149 billion in 2018. They predict that the industry will grow at a stellar CAGR of 7.2% over the forecast period of 2019 to 2027, reaching the evaluation of US$ 270 billion by 2027 i.e. end of the forecast period. Products in the global automotive lightweight materials market play an important role in enhancing the fuel economy of automobiles. They are also applied to enhance overall performance and increase safety in the automobiles. Replacement of traditionally used metal components such as steel and cast iron materials will products from the global automotive lightweight materials market such as aluminium and magnesium alloys significantly reduce the weight of the automobile and decrease the requirement for higher fuel consumption. This is anticipated to foster the development of the global automotive lightweight materials market in coming years.
Request For Brochure :
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=8509
The research authors at Transparency Market Research had placed the evaluation of the global automotive lightweight materials market at US$ 149 billion in 2018. They predict that the industry will grow at a stellar CAGR of 7.2% over the forecast period of 2019 to 2027, reaching the evaluation of US$ 270 billion by 2027 i.e. end of the forecast period. Products in the global automotive lightweight materials market play an important role in enhancing the fuel economy of automobiles. They are also applied to enhance overall performance and increase safety in the automobiles. Replacement of traditionally used metal components such as steel and cast iron materials will products from the global automotive lightweight materials market such as aluminium and magnesium alloys significantly reduce the weight of the automobile and decrease the requirement for higher fuel consumption. This is anticipated to foster the development of the global automotive lightweight materials market in coming years.
Request the Corona Virus impact analysis:
https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=8509
Increasing Regulations Pertaining to Automobile Emission Control Propel the Demand in Automotive Lightweight Materials Market
Rising demand for lightweight materials to be used in automotive industry along with stringent government regulations pertaining to the mandatory emission control in automotive industries are anticipated to fuel the demand in global automotive lightweight materials market in coming years. High demand for commercial as well as passenger vehicles in developing nations is also a favorable driver for the development of the global automotive lightweight materials market in near future. Segments in the global automotive lightweight materials market by the type of material include metal alloys (including Magnesium, Titanium, and Aluminium), Composites (including Carbon fiber and Glass fiber, among others), high strength steel (including HSS, UHSS, and AHSS), and polymers (including PP, ABS, PA66, PU, and PVC, among others).
Buy Now:
https://www.transparencymarketresearch.com/checkout.php?rep_id=8509<ype=S
Automotive manufacturers are constantly looking for creative ways to handle the greenhouse gases emission norms and meet the fuel economy targets. Usage of lightweight materials from the global automotive lightweight materials market can assist them in doing so efficiently. Increasing impetus on reducing the weight of the manufactured vehicle to reduce fuel consumption is likely to drive the global automotive lightweight materials market in coming years. Segments in the global automotive lightweight materials market according to the type of the vehicle are passenger vehicles, heavy commercial vehicles or HCVs, and light commercial vehicles or LCVs. Segments in the global automotive lightweight materials market by application include interior, structural, exterior, and powertrain, among others.
Get Trending Report: https://www.prnewswire.com/news-releases/increase-in-urbanization-globally-to-help-cotton-clips-market-gain-valuation-of-us-272-7-thousand-by-2031--states-tmr-study-301461299.html
About Us
Transparency Market Research is a market intelligence company, providing business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/