15th May 2014
Market research store, ‘Research and Markets’ has announced the availability of a new report entitled “Global Automotive Lightweight Materials Market 2014-2018” can now be purchased from its website.
The analysts forecast the Global Automotive Lightweight Materials market to grow at a compound annual growth rate (CAGR) of 14.47 percent over the period 2013-2018. One of the key factors contributing to this market growth is the stringent laws and regulations pertaining to the environment.
The use of plastics in automotive applications has increased substantially over the years. For plastics to be employed in automotive components, a balanced set of properties such as crashworthiness, economical procurement costs, and high strength are required. There is an increasing use of high-strength plastics such as polyoxymethylene in automobile parts such as gears. However, the volatile prices of raw materials could pose a challenge to the growth of this market.
The report, the Global Automotive Lightweight Materials Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the APAC and EMEA regions, and the Americas; it also covers the Global Automotive Lightweight Materials market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.