Lucintel’s latest market report analyzed that automotive lightweight materials provides attractive opportunities in the passenger cars and commercial vehicles market. The automotive lightweight materials market is expected to reach $103.1 billion by 2025 with a CAGR of 4.7%. In this market, aluminum is the largest segment by material type, whereas passenger car is largest by vehicle type.
Download Brochure of this report by clicking on https://www.lucintel.com/automotive-lightweight-materials-market.aspx Based on material type, the automotive lightweight materialsmarket is segmented into aluminum, AHSS, magnesium, plastics, and composites. The aluminum segment accounted for the largest share of the market in 2020.
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47 – Tables
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The automotive lightweight materials market is marked by the presence of several big and small players. Some of the prominent players offering automotive lightweight materials include ArcelorMittal SA, Bayer MaterialScience AG, ThyssenKrupp AG, Alcoa Inc., and Novelis Inc.
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