Automotive Light Weight Materials Market - Forecast(2020 - 2025)
Overview Automotive light weight materials market size is forecast to reach $81 billion by 2025, after growing at a CAGR of 7.56% during 2020-2025, owing to the rise in demand for lightweight vehicles. There is an increasing demand for light weight vehicles as it makes the vehicle fuel-efficient, which reduces the running costs and fuel consumption of the vehicle. Lightweight materials such as metals, plastics, polymer composites, high strength steel, and advanced high strength steel improve the performance of the vehicles, which has resulted in the penetration of light weight materials into the automotive sector. The increasing vehicle emission and fuel economy regulations are anticipated to drive the automotive light weight materials market substantially during the forecast period. Report Coverage The report: “Automotive Light Weight Materials Market – Forecast (2020-2025)” , by IndustryARC, covers an in-depth analysis of the following segments of the automotive light weight ma...