Automotive Lightweight Materials Market by Material (Metals, Composites, & Plastics), by Application (Structural, Powertrain, Interior, Exterior, & Others), by Manufacturing Process, and Region – Global Trends and Forecast to 2019– New research available at RnRMarketResearch.com
The key function of automotive lightweight materials is to reducing the weight of a vehicle. These materials are used in various automobile applications, including structure, powertrain, interiors, and exteriors, among others. Lightweight materials increase the efficiency of the vehicle by reducing the overall weight and thereby reducing the overall fuel consumption. Faced with emission norms that become increasingly stringent every year, automotive OEMs are compelled to use lighter and more efficient materials to ensure that the vehicle meets emission standards. Various factors which have precipitated the evolution in automotive lightweight materials are the need for improved fuel economy, greater power requirements, increasing vehicle performance requirements, and the demand for an enhanced driving experience. Browse 92 market data tables & 55 figures spread through 200 pages and in-depth TOC on "Automotive Lightweight Materials Market" at http://www.rnrmarketresearch.com/automotive-lightweight-materials-market-by-material-metals-composites-plastics-by-application-structural-powertrain-interior-exterior-others-by-manufacturing-process-and-region-glob-market-report.html .
The above factors are responsible for the development and launch of new and advanced automotive lightweight materials, including composites such as carbon fiber reinforced plastic (CFRP) and glass fiber reinforced plastic (GFRP); metals such as high strength steel (HSS) and aluminum, and plastics. To meet the rising global demand for fuel economy, and stringent emission norms in major regions, automakers are investing heavily in research and development for advanced lightweight technologies.
The U.S. is estimated to be the largest food colorants market in North America in 2014, with share of 66.3%, followed by Canada. Increase in demand for clean label products and stringent food regulations are driving the North American food & beverage colorants market.
Sensient Technologies Corporation (U.S.) accounted for the largest share in the North American market. The other firms such as Chr. Hansen (Denmark), Naturex SA (France), and FMC Corporation (U.S.) are competing for growing food stabilizer colorants market in the region. These companies are developing market strategies such as mergers & acquis ions, joint ventures, new product developments, and expansions so as to increase their share in the North American food & beverage colorants market.
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In this report, the Automotive Lightweight Materials Market comprises various materials such as metals, composites, and plastics. Metals are sub-divided into high-strength steel (HSS), aluminum, and other, while composites are segmented into CFRP and GFRP. The market is segmented in terms of region into Asia-Oceania, North America, Europe, and the Rest of the World (RoW), and in terms of lightweight material applications into structural, powertrain, interior, exterior, and others.
In the North American region, the U.S. accounted for the largest share of the automotive lightweight materials market in 2014. However, in coming years, developing regions such as Asia-Oceania (including emerging economies such as China and India) are projected to form new revenue-generating pockets for market players. Economic development, sizable population, increasingly stringent emission regulations, growing awareness about eco-friendly systems, and benefits of better fuel efficiency are the key factors driving the growth of the automotive lightweight materials market in this region.
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