Advanced Automotive Materials Market - Global Industry Analysis

Advanced Automotive Materials Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Category: Automotive Report Format : PDF Report Code: ZMR-1745 Status : Upcoming

Description

Global Advanced Automotive Materials Market: Overview

The basic functionality of using the advanced automotive materials market is to minimize the weight of the vehicle. By reducing the overall weight of the vehicle further, helps in increasing the fuel efficiency and thereby limiting the carbon emissions in the environment. The advanced automotive materials have improved mechanical performance, better dimensional stability than the traditional materials, and elevated service temperature.

Global Advanced Automotive Materials Market: Segmentation

The market for the advanced automotive materials is globally segregated into types of materials and application. Depending on the types of materials, the global market is divided into engineered plastics, composites, metals, and thermoplastic elastomers (TPEs). The metals segment is sub-segmented into powder metals, high-strength steel (HSS), aluminum, stainless steel, and others. The engineered plastics segment is sub-divided into ABS, polyphenylene oxide, nylon, polycarbonate, and others. Thermoplastic elastomers segment is sub-categorized into thermoplastic polyolefin, styrene block copolymer, thermoplastic vulcanizates, thermoplastic polyurethanes, copolyester elastomer, and others. The composites segment is sub-segmented into glass fiber reinforced plastic (GFRP) and carbon fiber reinforced plastic (CFRP). Based on the applications, the market is bifurcated into powertrain, structural, interior, exterior, and others.

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Advanced Automotive Materials Market: Growth Factors

The key factor that is driving the advanced automotive materials market is the increasing demand from the consumers to reduce the weight of the vehicles which in turn improves the fuel efficiency thus leading to reduced emissions of carbon dioxide. The growing focus towards durability, safety, vibration, and noise by changing the conventional materials are other significant driving factors for the growth of the global market. The improvements that are made in resins and metal alloys, and the new process technologies helps in increasing the popularity of advanced automotive materials manufacturing, thus fuelling the market growth. The strength provided by the advanced automotive materials is better as compared to the other materials which help in facilitating the absorption of higher energy during the crash. The factors that hamper the growth of advanced automotive materials market are increasing limited raw material, particularly for engineered plastics, pressure for materials recycling, and lack of the awareness regarding the benefits of advanced automotive materials.

Global Advanced Automotive Materials Market: Regional Analysis

The geographical segmentation of the global advanced automotive materials market is diversified into Asia Pacific, North America, Western Europe, Eastern Europe, the Middle East and Africa, and Latin America. The region that is dominating the advanced automotive materials market is the North America. The U.S. accounted for the largest market share in the North America region for the advanced automotive materials. Asia-Pacific region is estimated to become a good lucrative regional market for the market players having good opportunities in the coming years. Sizeable population, strict regulations about the emission, economic development, growing knowledge about the systems that are eco-friendly, and the advantages of good fuel efficiency are the foremost factors that are driving the growth of the market for advanced automotive materials in this region.

Global Advanced Automotive Materials Market: Competitive Players

The key market players that are involved in the advanced automotive materials market include National Steel, DuPont, A. Schulman, Norsk Hydro, ThyssenKrupp AG, ArcelorMittal S.A., AK Steel, General Electric, Bayer AG, Alcoa, Johnson Matthey, Toray Industries Inc., Novelis Inc., among others.

Global Advanced Automotive Materials Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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