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Automotive Lightweight Materials Market Share

Report ID: GMI3315
Published Date: Dec 2020
Report Format: PDF

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Automotive Lightweight Materials Market Share

The key automotive lightweight materials market participants are formulating various strategies including product development, strategic collaboration, and development of production capacity to gain a competitive advantage. Major companies operation in the market are

Alcoa Corporation
BASF SE Covestro AG
thyssenkrupp AG
LyondellBasell
ArcelorMittal

Authors: Kiran Pulidindi, Akshay Prakash

Frequently Asked Questions (FAQ) :

Automotive lightweight materials market industry size surpassed USD 184.9 billion in 2019 and may grow at a CAGR of 8.2% between 2020 to 2026.

Aluminum segment may record 7% CAGR through 2026, as it delivers an excellent cost-to-benefit ratio and also boasts of high production capacity.

Chassis segment accounted for 20% revenue share in 2019 and may depict appreciable proceeds by 2026, driven by the rising number of strict emission standards.

North America automotive lightweight materials market may register 8.5% CAGR through 2026, driven by the rising number of regulatory bodies in the U.S. that are coming up with new standards to reduce fuel emissions.