lightweight automotive body panels market size, demand & global opportunity analysis outlook...

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Global Automotive Lightweight Panels Outlook:

Industry Insights & Opportunity Evaluation,

2015-2021


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Global Automotive Lightweight Panels Market

Overview

Lightweight materials are the material helps to decrease

the weight of the product and reduces the total energy

consumption in the vehicle. Lightweight materials support

in the attainment of better energy efficiency and

contributing to energy independence of the nation.

The global automotive lightweight material products

market touched USD77.3 Billion in the year 2015, and it is

anticipated to rise at a compound annual growth rate

(CAGR) of 13.7% during 2015- 2021.

Market Segmentation

By Material Types

On the basis of Material Types, the global automotive

lightweight material market is segmented are as follows:

AHSS

Aluminum

Magnesium

Polypropylene

Polyamide

Polyurethane

Thermosetting Composites

High Performance Polymers

Others


By Application

On the basis of Application, the global automotive

lightweight material market is segmented are as follows:

Automotive

Aviation

Marine

Wind Energy

Others

By Region

On the basis of region, the global automotive lightweight

material market is segmented are as follows:

North America

Europe

Asia-Pacific

Middle East And North Africa

Rest of world

Growth drivers and challenges

Advancement in technology, increasing number of vehicle

across the globe and increase in the personal disposable

income of the people are some factors driving the growth

of the global automotive lightweight material market

during the forecasted period.


Environmental regulation and standard enforced by state

governments to reduce the CO2 emission and need of

developed technology are the main challenges faced by the

global automotive lightweight material market in the

present state.

In addition to this, increasing deaths in road accident,

where heavyweight body parts are the main cause for

serious body injury and high cost associated with

lightweight materials affect the demand of the global

automotive lightweight material market in future.

Market size

At present, the North American automotive lightweight

material market has the largest market share in the global

automotive lightweight material market. With the

introduction of corporate average fuel economy (CAFE)

standards applied for all the light-duty vehicles

manufactured during 2017-2025, the demand for light

weight material is projected to increase exponentially in

near future. As a result, the light weight material market in

the region is expected to expand at a CAGR of 5.6% to

reach USD 36.23 Billion in 2021.

After North America, Europe automotive lightweight body

panel market is the second largest market in the global

automotive lightweight material market. Factors like need

for advance fuel economy, desired low CO2 emission and


stringent government regulation to drive the lightweight

material market in the region.

In coming years, Asia-Pacific automotive lightweight

material market is predicted to be the fastest growing

market in the industry. Asia-Pacific accounted for more

than 50% share of the global production in 2015. The

market is driven by increasing demand for passenger cars

and LCV in the region. In addition to that, India and China

being the car manufacturing hub for most of the global

brands to fuel the Asia-Pacific Market for its lightweight

automotive body parts demand.

Key Players

The major key players of the global automotive lightweight

material market are as follows:

Henkel Corporation

Toray Industries Inc.

Owens Corning Corporation

ArcelorMittal S.A

Saudi Basic Industries Corporation

PPG Industries Inc.

Scope and Context

Overview of the Parent Market

Analyst View


Market Size and Growth

North America (U.S., Canada)

Latin America (Mexico, Brazil, Rest of Latin America)

Western and Eastern Europe (Germany, Italy, Spain,

France, U.K, Benelux, Hungary, Rest Of Western

Europe, Russia Poland, Rest of Eastern Europe)

Asia-Pacific (China, India, Singapore, Japan, Australia

& New Zealand & Rest of Asia)

Rest of World

Segmentation

By Material Types

By Application

By Region

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their

Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges


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