Automotive lightweight materials market will reach $78.6 billion in 2017

Press Release (ePRNews.com) - LONDON - Jun 21, 2017 - A new report by visiongain concludes that the world market for the automotive lightweight materials will reach $78.6 billion in 2017. This analysis and others appear in Automotive Lightweight Materials Market 2017-2027: Forecast By Type (High Strength and Advanced High Strength Steel, Aluminium, Magnesium, Composites, Plastics), By Application (Body-in-White, Body & Closures, Others) & By Region Plus Profiles of Top Companies by visiongain, a leading business intelligence provider based in London, UK.

The world market for automotive lightweight materials will reach $78.6bn in 2017. The lightweight materials market in automotive industry has grown significantly in recent years and is expected to grow at a more rapid pace during the coming decade.

This report analyses the global automotive lightweight materials market for 5 key material types: HSS/AHSS, aluminium, magnesium, composites and plastics. Aluminium is the largest submarkets; while magnesium has the smallest market share by value. Aluminium will retain a leading position in terms of market value between 2017-2027 due to its trade-off between cost and performance compared to other competing materials. On the contrary, magnesium will be characterised by a more rapid growth rate over the coming years. Magnesium is likely to depict high growth as the use of this high potential lightweight material is growing in automotive industry while replacing traditional materials.

The emerging economies will see much faster growth in their automotive lightweight materials demand, while the developed regions will only see relatively slower growth. Thanks to the fast economic growth, rising disposable income, increasing consumer markets, and growing industrial output India, China, and Brazil to see the above average growth in the automotive lightweight materials markets. China is estimated to be the largest market for automotive lightweight materials in 2017 and is expected to retain its position in the forecast period also. US will be the second largest market for automotive lightweight materials market and the market share of US is expected to shrink over the next decade to reach 14.2% in 2027.

This 221 page report contains 220 tables, charts and graphs that add visual analysis in order to explain developing trends within the automotive lightweight materials. Visiongain provides forecasts for the period 2017 to 2027 in terms of value (US$) for the automotive lightweight materials market. In addition, 8 submarkets are forecasted and analysed by visiongain over the period 2017 to 2027. The report also provides profiles of 10 leading companies operating within the market such as ArcelorMittal, Rio Tinto, etc.

Automotive Lightweight Materials Market 2017-2027: Forecast By Type (High Strength and Advanced High Strength Steel, Aluminium, Magnesium, Composites, Plastics), By Application (Body-in-White, Body & Closures, Others) & By Region Plus Profiles of Top Companies will be of value to current and future potential investors wanting to better understand the automotive lightweight materials industry and its underlying dynamics, as well as companies and research centres who wish to broaden their knowledge of the automotive lightweight materials market.

For sample pages and further information concerning the visiongain’s report the automotive lightweight materials Market Forecast 2017-2027 please visit https://www.visiongain.com/Sector/133/Packaging

For an executive summary please contact:
Email: Sara Peerun on sara.peerun@visiongainglobal.com

Tel: +44 (0) 20 7336 6100

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongainglobal.com or call her on +44 (0) 207 336 6100

About Visiongain
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-2-business conferences, newsletters, management reports and e-zines focusing on the Energy, Telecoms, Pharmaceutical, Defence, Materials sectors.

Visiongain publishes reports produced by its in-house analysts, who are qualified experts in their field. Visiongain has firmly established itself as the first port-of-call for the business professional, who needs independent, high quality, original material to rely and depend on.

Source : visiongain
Business Info :
Visiongain

You may also like this  

CATEGORIES : Business
DISCLAIMER : If you have any concerns regarding this press release, please contact the Author / Media Contact / Business of this press release. ePRNews is not resposible for the accuracy of the news posted and do not endorse, support any product/services/business mentioned and hereby disclaims any content contained in this press release.

Login

Or using ePRNews Account

Don't have an account ? Sign Up

Register New Account

Or form here

Already have an account ? Login

Reset Password

Already have an account ? Login