Technavio recognizes the following companies as the key players in the global automotive lightweight materials market: Alcoa, ArcelorMittal, BASF, Toray Industries, and US Magnesium
Other Prominent Vendors in the market are: Akzo Nobel, Aleris, AMG, Borealis, Constellium, Covestro, Dead Sea Magnesium, Dow Chemical, Henkel, Johnson Controls, KOBELCO, LyondellBasell Industries, Magna, Norsk Hydro, Novelis, Owens Corning, POSCO, PPG, SABIC, Teijin, ThyssenKrupp, and UACJ
Commenting on the report, an analyst from Technavios team said: “The use of electronics and software is a growing trend in the automotive sector. Only a decade ago, cars had very few electronic applications and had a simple interface, but now, automobiles have advanced electrical systems, such as telematics and in-car entertainment systems. They are used in areas such as engine electronics, transmission systems, chassis systems, passenger safety and comfort systems, driver assistance, energy efficiency, and infotainment systems (navigation system, vehicle audio, and information access).”
According to the report, the number of laws and regulation regarding the reduction of emission of carbon dioxide from the automobiles is on the rise. The Kyoto protocol restricts the emission of carbon dioxide and other greenhouse gasses into the atmosphere. With the emission norms becoming stricter every passing day, there is a rise in demand for the lightweight materials. The application of lightweight materials in automobile components can help to achieve the necessary emission requirements and also increase the vehicular efficiency. The reduction vehicular weight is highly necessary, and there is a range of new lightweight materials that can be considered for the automotive components. Replacing heavy iron and steel with weight-saving materials, such as aluminum, magnesium, HSS, advanced composites, and polymers, is the need of the day.
Further, the report states
that raw materials are the biggest cost driver in the automotive industry and
consists of 47% of the cost of a vehicle. The fluctuating prices of the
automotive raw materials is a topic of concern for the automakers, as well as
OEMs. The raw materials, such as crude oil, ores of lightweight metals, and
advanced composites are highly fluctuating due to the global production and
utilization scenarios. The price of Brent crude oil started reducing from a
peak price of $110.45 per barrel in 2014 and was recorded to be $30.65 per
barrel in 2015.
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.
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.
About Automotive Lightweight Materials:
Automotive lightweight materials are of lower density than traditional automotive materials, such as iron and steel. The lightweight materials have a wide range of applications in automobiles because they not only help to reduce the weight of the vehicles, but also aid in providing enhanced automotive safety and fuel efficiency. The common lightweight materials used in the market are high-strength steel (HSS), aluminum, magnesium, plastics, carbon fiber, glass fiber, and composites, such as metal and ceramic matrices. These materials are light weight and have high strength that adds to the suitability of these products.
Technavio’s analysts forecast the global automotive lightweight materials market to grow at a CAGR of 8.57% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive lightweight materials market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of lightweight materials to original equipment manufacturers (OEMs) and automotive manufacturers.
The market is divided into the following segments based on geography:
• APAC
• Europe
• North America
Technavio's report, Global Automotive Lightweight Materials Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Alcoa
• ArcelorMittal
• BASF
• Toray Industries
• US Magnesium
Other prominent vendors
• Akzo Nobel
• Aleris
• AMG Advanced Metallurgical Group
• Borealis
• Constellium
• Covestro
• Dead Sea Magnesium
• Dow Chemical
• Henkel
• Johnson Controls
• KOBELCO
• LyondellBasell Industries
• Magna International
• Norsk Hydro
• Novelis
• Owens Corning
• POSCO
• PPG
• SABIC
• Teijin
• ThyssenKrupp
• UACJ
• Biosensors International
Market driver
• Increase in automotive regulatory requirements
• For a full, detailed list, view our report
Market challenge
• Fluctuating raw material prices and high cost of automotive lightweight materials
• For a full, detailed list, view our report
Market trend
• Innovation and focus on use of lightweight materials in new energy vehicles
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
Automotive lightweight materials are of lower density than traditional automotive materials, such as iron and steel. The lightweight materials have a wide range of applications in automobiles because they not only help to reduce the weight of the vehicles, but also aid in providing enhanced automotive safety and fuel efficiency. The common lightweight materials used in the market are high-strength steel (HSS), aluminum, magnesium, plastics, carbon fiber, glass fiber, and composites, such as metal and ceramic matrices. These materials are light weight and have high strength that adds to the suitability of these products.
Technavio’s analysts forecast the global automotive lightweight materials market to grow at a CAGR of 8.57% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive lightweight materials market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of lightweight materials to original equipment manufacturers (OEMs) and automotive manufacturers.
The market is divided into the following segments based on geography:
• APAC
• Europe
• North America
Technavio's report, Global Automotive Lightweight Materials Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Alcoa
• ArcelorMittal
• BASF
• Toray Industries
• US Magnesium
Other prominent vendors
• Akzo Nobel
• Aleris
• AMG Advanced Metallurgical Group
• Borealis
• Constellium
• Covestro
• Dead Sea Magnesium
• Dow Chemical
• Henkel
• Johnson Controls
• KOBELCO
• LyondellBasell Industries
• Magna International
• Norsk Hydro
• Novelis
• Owens Corning
• POSCO
• PPG
• SABIC
• Teijin
• ThyssenKrupp
• UACJ
• Biosensors International
Market driver
• Increase in automotive regulatory requirements
• For a full, detailed list, view our report
Market challenge
• Fluctuating raw material prices and high cost of automotive lightweight materials
• For a full, detailed list, view our report
Market trend
• Innovation and focus on use of lightweight materials in new energy vehicles
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
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