Automotive Global Automotive Lightweight Material Market | страница 3

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Growing Demand for Lightweight Vehicles
Lightweight materials are used in building vehicles to reduce mass of body
structures of vehicles in order to improve fuel efficiency of automobiles.
Further, increasing fuel consumption and carbon emission are some major
factors which are fuelling the demand for fuel efficient vehicles which in
turn expected to increase the consumption of lightweight materials in
future.
Favourable government initiatives and programmes
Governments of developed countries are supporting ongoing research to
improve the fuel efficiency vehicles. In U.S., around 60% of oil
consumption is due to internal combustion engine vehicles running on
road. Government’s initiatives to improve the fuel efficiency and reduce
emission are expected to increase the demand for automotive lightweight
materials over the forecast period.
Although, rapid fluctuations in raw
material prices and high cost of some lightweight materials such as carbon
fiber are some of the factors that are likely to inhibit the growth of the
Automotive Lightweight Material Market in the near future.
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The report titled “Global Automotive Lightweight Material Market
Analysis & Opportunity Outlook 2021” delivers detailed overview of
the global automotive lightweight material market in terms of market
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