Automotive Lightweight Material Market Growth Factors, Competitive Analysis, Future Prospects and Top Manufacturers
September 6, 2019 by Amanpreet
Sales 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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Hefty cost of raw materials such as titanium, magnesium, and carbon fiber remains a key challenge for manufacturers in the automotive lightweight material market. Additionally, sourcing of metallic raw materials is a cost-intensive procedure. This, coupled with limited availability of these materials in developing nations are expected to constrain growth of the automotive lightweight material market to a certain limit.
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