Automotive Lightweight Materials Market Share, Size, Industry, Trends and Forecast 2027
The automotive lightweight materials market is projected to grow from USD 73.9 billion in 2022 to USD 101.5 billion by 2027, at a CAGR of 6.5% for the same period. The base year for the report is 2021, and the forecast period is from 2022 to 2027.
The automotive lightweight materials market is expected to grow mainly due to increasing stringency in emission norms and the rising bar for fuel-efficient...
Automotive Lightweight Material Market Growth Factors, Regional Analysis, and Forecast 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...