The auto lightweight materials market will be propelled to $206.8 billion by 2019 due to an increasing need for advanced technologies that reduce fuel consumption and emissions and enhance driving dynamics.
A report from MarketsandMarkets outlines where the industry is going. It is expected to grow at a compound annual growth rate of 14.4 percent, with the lightweight composite segment growing particularly quickly. Most companies producing high-tech lightweight metals are in the United States, with Mexico serving as a major hub for automotive exports. Adoption of lightweight automotive materials is also growing steadily in the Asia-Oceana region. The report provides further details, including companies that serve as leaders in the market.
Automotive Lightweight Materials Market Is Expected to Reach $206.8 Billion by 2019
The report Automotive Lightweight Materials Market by Material (Metals, Composites, & Plastics), by Application (Structural, Powertrain, Interior, Exterior, & Others), by Manufacturing Process, and Region – Global Trends and Forecast to 2019, defines and classifies the automotive lightweight materials market in terms of volume and value.
