ReportsnReports.com adds a new research report Global Automotive Lightweight Materials Market 2016-2020. Global Automotive Lightweight Materials Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This 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.
This analyst forecast the global automotive lightweight materials market to grow at a CAGR of 8.57% during the period 2016-2020.
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.
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This 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.
Other prominent vendors
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