Research and Markets - Global Automotive Lightweight Materials Market Growth at CAGR of 8.57%, 2016-2020: Challenges, Trends & Drivers - Key Vendors are Alcoa, ArcelorMittal, BASF, Toray Industries & US Magnesium

DUBLIN, Dec 2, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Automotive Lightweight Materials Market 2016-2020" report to their offering.

The global automotive lightweight materials market to grow at a CAGR of 8.57% during the period 2016-2020.

The report covers the present scenario and the growth prospects of the global automotive lightweight materials market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of lightweight materials to original equipment manufacturers (OEMs) and automotive manufacturers. The report also includes a discussion of the key vendors operating in this market.

The common lightweight materials used in the market are high-strength steel (HSS), aluminum, magnesium, plastics, carbon fiber, glass fiber, and composites, such as metal and ceramic matrices. These materials are light weight and have high strength that adds to the suitability of these products.

The use of electronics and software is a growing trend in the automotive sector. Only a decade ago, cars had very few electronic applications and had a simple interface, but now, automobiles have advanced electrical systems, such as telematics and in-car entertainment systems. They are used in areas such as engine electronics, transmission systems, chassis systems, passenger safety and comfort systems, driver assistance, energy efficiency, and infotainment systems (navigation system, vehicle audio, and information access).

According to the report, the number of laws and regulation regarding the reduction of emission of carbon dioxide from the automobiles is on the rise. The Kyoto protocol restricts the emission of carbon dioxide and other greenhouse gasses into the atmosphere. With the emission norms becoming stricter every passing day, there is a rise in demand for the lightweight materials. The application of lightweight materials in automobile components can help to achieve the necessary emission requirements and also increase the vehicular efficiency. The reduction vehicular weight is highly necessary, and there is a range of new lightweight materials that can be considered for the automotive components. Replacing heavy iron and steel with weight-saving materials, such as aluminum, magnesium, HSS, advanced composites, and polymers, is the need of the day.

Further, the report states that raw materials are the biggest cost driver in the automotive industry and consists of 47% of the cost of a vehicle. The fluctuating prices of the automotive raw materials is a topic of concern for the automakers, as well as OEMs. The raw materials, such as crude oil, ores of lightweight metals, and advanced composites are highly fluctuating due to the global production and utilization scenarios.

Key vendors

• Alcoa
• ArcelorMittal
• BASF
• Toray Industries
• US Magnesium

Other prominent vendors

• Akzo Nobel
• Aleris
• AMG Advanced Metallurgical Group
• Borealis
• Constellium
• Covestro
• Dead Sea Magnesium
• Dow Chemical
• Henkel
• Johnson Controls
• KOBELCO
• LyondellBasell Industries
• Magna International
• Norsk Hydro
• Novelis
• Owens Corning
• POSCO
• PPG
• SABIC
• Teijin
• ThyssenKrupp
• UACJ
• Biosensors International

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Market research methodology

Part 04: Introduction

Part 05: Market landscape

Part 06: Market segmentation by application

Part 07: Market segmentation by product type

Part 08: Geographical segmentation

Part 09: Key leading countries

Part 10: Market drivers

Part 11: Impact of drivers

Part 12: Market challenges

Part 13: Impact of drivers and challenges

Part 14: Market trends

Part 15: Vendor landscape

Part 16: Appendix

For more information about this report visit http://www.researchandmarkets.com/research/md3g96/global_automotive

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SOURCE Research and Markets