Automotive Lightweight Materials Market - Size, Share, Growth, Trends and Forecast 2016 – 2023

Transparency Market Research

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Automotive Lightweight Materials

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Market - Global Industry Analysis, Size,

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2016 - 2023

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REPORT DESCRIPTION

A new research study by Transparency Market Research offers a detailed analysis of the global market for rare earth elements. The

market report, titled Automotive Lightweight Materials Market - Global Industry Analysis, Size, Share, Growth, Trends and

Forecast 2016 - 2023, is available for sale on the research firm’s website.

Low carbon dioxide emission is driving the demand for lightweight materials in the automotive industry. Various government

regulations have forced original equipment manufacturers (OEMs) to significantly reduce carbon dioxide emissions in the near future.

Premium OEMs have amplified the utilization of lightweight materials, especially carbon fiber in their vehicles. For instance,

aluminum is used in the manufacture of transmission casings, wheels, and engine blocks. Furthermore, certain OEMs have

commenced the use of aluminum for the entire vehicle. However, higher cost associated with designing of vehicle is expected to

hamper market growth. Magnesium is another metal that is used in the automotive industry. It is less dense than steel and aluminum

and is used in cross car beams and instrument panels. Composites, another lightweight material, are one of the fastest growing product

segments in the automotive industry. However, use of composites is limited to designer components. They have restrained use in

structural parts of vehicles. Glass fiber reinforced composite is...