Global Top 15 Companies Accounted for 30% of total Automotive Lightweight Materials market (Business Opportunities - Home Business)
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Global Top 15 Companies Accounted for 30% of total Automotive Lightweight Materials market | |
Automotive lightweight material refers to materials that exhibit high strength-to-weight ratio, superior corrosion resistance properties, and substantial design flexibility, thereby finding its application in automotive system and components. In the recent years, requirement for weight minimization & higher fuel efficiency, adhering to environmental regulations, and changing consumer sentiments toward mobility solutions as consumers demand for high-strength materials to attain the high-end operational performance are the major factors anticipated to influence automakers to focus on redesigning of materials. Lightweight materials such as high-strength steel, magnesium, aluminium, and polymer composites can help OEMs create the next generation of lightweight vehicles aligning with new regulatory standards on safety, emissions, and performance. The Automotive Lightweight Materials industry can be broken down into several segments, Aluminum Alloys, Magnesium Alloys, High Strength Steels, Engineering Plastics, Composites and Others, etc. Across the world, the major players cover BASF, Thyssenkrupp, Covestro, Arcelormittal, Lyondellbasell, Novelis, Toray, Owens Corning, Borealis, SGL Carbon, etc. The global key manufacturers of Automotive Lightweight Materials include Alcoa, Arcelormittal, SAAB, BASF, Novelis, Constellium, Covestro, Lyondellbasell, SABIC, DSM, etc. In 2021, the global top 10 players had a share approximately 30.0% in terms of revenue. For more information, please contact the following e-mail address: Email: global@qyresearch.com Website: https://www.qyresearch.com  | |
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2024-11-24 (0.703 sec)