Reportstack Announces the Publication of its Research Report - Global Automotive Lightweight Materials Market 2014-2018 . Reportstack recognizes the following companies as the key players in the Global Automotive Lightweight Materials Market: Alcoa Inc., ArcelorMittal SA, LyondellBasell Industries NV, and US Magnesium LLC. “The use of plastics in automotive applications has increased substantially over the years. For plastics to be employed in automotive components, a balanced set of properties such as crashworthiness, economical procurement costs, and high strength are required. There is an increasing use of high-strength plastics such as polyoxymethylene in automobile parts such as gears. Thus, the Global Automotive Lightweight Materials market is witnessing the increasing use of high-strength plastics.”
According to the report, government laws and regulations encouraging the reduction in carbon emissions are a major factor driving the market. Countries in the EU have stringent laws in place to ensure a minimum negative impact of automobile emissions on the environment. Such laws have led to increased pressure on automobile manufacturers to use lightweight materials in automobiles.
Further, the report states that limitations regarding the recyclability of certain automotive lightweight materials such as polymers and composites are a major challenge to the market. For instance, the recycling of automotive thermosetting composites is both technologically and economically challenging.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit http://www.reportstack.com/product/149113/global-automotive-lightweight-materials-market-2014-2018-.html