Automotive Lightweight Material Market Projected to reach $116.4 billion by 2025
The global Automotive
Lightweight Material Market in the pre-COVID scenario was
projected to grow from USD 85.2 billion in 2020 to USD 116.4 billion by 2025,
at a CAGR of 7.4% during the forecast period. However, due to COVID-19, most of
the countries have imposed a complete lockdown for almost more than two months,
which, in turn, has impacted vehicle production. The automotive lightweight
material...
Automotive Lightweight Material Market to Witness Astonishing Growth by 2025
The global Automotive Lightweight Material Market is projected to grow from USD 69.7 billion in 2020 to USD 99.3 billion by 2025, at a CAGR of 7.3% during the forecast period. The increasing stringency of vehicle emission and fuel economy regulations and growing government initiatives for vehicle weight reduction are expected to drive the growth of the automotive lightweight material market.
COVID-19...
What are the key market trends impacting the growth of the automotive lightweight material market?
The global Automotive Lightweight
Material Market in the pre-COVID scenario was projected to grow
from USD 85.2 billion in 2020 to USD 116.4 billion by 2025, at a CAGR of 7.4%
during the forecast period. However, due to COVID-19, most of the countries
have imposed a complete lockdown for almost more than two months, which, in
turn, has impacted vehicle production. The automotive lightweight material
market...