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Global automotive lightweight materials market size is expected to reach $170.71 Bn by 2028 at a rate of 8.8%, segmented as by material type, metals, composites, plastics, elastomer<br>
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Automotive Lightweight Materials Global Market Report 2024 Global Forecast 2024 – 2033 Market Size, Drivers, And Trends Top Market Research Firm 2023! We are honored to be listed as a top company at the forefront of research, by the Business Management Review
Automotive Lightweight Materials Market Segments The Business Research Company segments the automotive lightweight materials market report as: By Material Type Metals, Composites, Plastics, Elastomer By Vehicle Type Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle By Application Body In White, Chassis And Suspension, Powertrain, Closures, Interiors, Other Applications
Market Statistics The global Automotive Lightweight Materials market size grew from $111.13 billion in 2023 to $121.87 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%.The Automotive Lightweight Materials market size is expected to grow to $170.71 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. $170.71 B $121.87 B $111.13 B Click Here To Get A Sample Report
Key Market Drivers And Trends • Drivers The growing demand for fuel economy is expected to propel the growth of the automotive lightweight materials market in the coming years. Trends Major companies operating in the automotive lightweight materials market are increasing their focus on introducing large-scale magnesium injection molding to gain a competitive edge in the market. • Region Europe was the largest region in the Automotive Lightweight Materials market in 2023. The regions covered in the Automotive Lightweight Materials market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Top Eleven Players In The Market • Major players in the market are: • BASF SE • ArcelorMittal SA • Pohang Iron and Steel Company • Saint-Gobain SA • Saudi Basic Industries Corporation • LyondellBasell Industries Holdings B.V • ThyssenKrupp AG • Mitsubishi Chemical Corporation • 3M Company • Tata Steel Company • Henkel AG & Co Get More Information On The Market Report
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