Automotive Lightweight Material Market Progress & Manufacturer Contribution Highlighted until 2028
Verfasser: ashwani_kailiya on Monday, 1 July 2019Sales of automotive lightweight material are estimated to surpass 76 kilotons in 2019, up from nearly 74 kilotons in 2018, according to a recent Fact.MR report. The automotive lightweight material industry is significantly influenced by broader trends in the automobile industry, especially evolving regulations on fuel efficiency. Fact.MR’s new report analyzes this landscape in detail, and offers readers a comprehensive analysis on the key factors at play.
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The study opines that lightweighting continues to gain a centerstage in the automotive industry. Demand for cost-effective lightweight materials continues to surge, as a growing demographic of consumers shows marked preference towards organizations that embrace sustainability. The report finds that in addition to these broader, cross-industry trends, demand for lightweight materials is also influenced by industry-specific factors such as growing electric vehicle parc.