Automotive Exterior Materials Market 2018 Kay players Magna International, INOAC, Covestro, Toyota Boshoku, Trinseo, DuPont, DURA Automotive Systems, Gurit, Kirchhoff Automotive, PPAP, Plastic Omnium, Intertek, Cadillac Products Automotive
In the more current years the environmental concern has opened the necessity for lighter vehicles for lesser fuel consumption and also for the requirement of recycling.
(EMAILWIRE.COM, August 15, 2018 ) Automotive Exterior Materials Market is grouped into fenders, tailgates, hoods, doors, bumpers, beams and frames. Automobile bumpers and hoods holds a major market share due to given highest priority to pedestrian safety. Bumpers are generally made up of fiber composites or engineering thermoplastics. Hood, fenders, doors and tail gates are mainly made up of steel, stainless steel or composite materials.
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On the basis of product, automotive exterior materials market is segmented into steel, aluminum, plastics, glass, carbon and magnesium. Steel is the most widely used material among all due to very high strength with good formability, variety of new design & fabrication, wide availability, assembling simplicity and attractive cost-benefit ratio for reducing weight. Usage of plastics has also shown a significant increase owing to weight reduction, comparative lower cost, degree of freedom in design, corrosion resistance and material anisotrophy.
Shift in consumer preference towards new car models with low emission, light weight and high fuel efficiency will propel the automotive exterior materials market demand. Lighter automobiles can be motorized with small engines, bringing down the carbon footprints without reducing vehicle operational efficiency, which will influence the demand for lightweight automotive resulting in increased market for automobile exterior materials.
North America, dominated by the U.S. for automotive exterior materials market is likely to remain the largest industry owing to rise in market demand from the end-users. The U.S. automobile production has grown at over 16% from 2012 to 2016. New expansion and investments in auto factories coupled with improved installed capacity in Mexico will serve Latin America as well as global markets. This needs automobile manufacturers and suppliers to bring about their supply chains and factory usage cautiously in the nation.
Asia Pacific automotive exterior materials market is anticipated to exhibit significant growth due to the increase in demand of passenger cars and light commercial fuel-efficient vehicles particularly in China and India. The presence of key industry automotive players including Honda, Toyota, Tata, Maruti Suzuki, Nissan, Mazda, Mitsubishi, Mahindra & Mahindra, Dongfeng, Geely, Changan and Hyundai will boost the demand of automobile exterior materials in this region.
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Automotive exterior materials market is highly competitive due to presence of some key industry participants with a minimal difference in their market share. The main industry players include Magna International, INOAC, Covestro, Toyota Boshoku Corporation, Trinseo, DuPont and DURA Automotive Systems.
Some other market share holders are Gurit, Kirchhoff Automotive, PPAP, Plastic Omnium, Intertek, Cadillac Products Automotive Company and Mitsubishi. The key vendors mostly have a competitive edge over regional and local vendors in terms of research & development inventiveness, strong client base, innovative technology, in-house manufacturing capabilities and product offerings.
Request For Table Of Content @ https://www.gminsights.com/request-toc/upcoming/2157
On the basis of product, automotive exterior materials market is segmented into steel, aluminum, plastics, glass, carbon and magnesium. Steel is the most widely used material among all due to very high strength with good formability, variety of new design & fabrication, wide availability, assembling simplicity and attractive cost-benefit ratio for reducing weight. Usage of plastics has also shown a significant increase owing to weight reduction, comparative lower cost, degree of freedom in design, corrosion resistance and material anisotrophy.
Shift in consumer preference towards new car models with low emission, light weight and high fuel efficiency will propel the automotive exterior materials market demand. Lighter automobiles can be motorized with small engines, bringing down the carbon footprints without reducing vehicle operational efficiency, which will influence the demand for lightweight automotive resulting in increased market for automobile exterior materials.
North America, dominated by the U.S. for automotive exterior materials market is likely to remain the largest industry owing to rise in market demand from the end-users. The U.S. automobile production has grown at over 16% from 2012 to 2016. New expansion and investments in auto factories coupled with improved installed capacity in Mexico will serve Latin America as well as global markets. This needs automobile manufacturers and suppliers to bring about their supply chains and factory usage cautiously in the nation.
Asia Pacific automotive exterior materials market is anticipated to exhibit significant growth due to the increase in demand of passenger cars and light commercial fuel-efficient vehicles particularly in China and India. The presence of key industry automotive players including Honda, Toyota, Tata, Maruti Suzuki, Nissan, Mazda, Mitsubishi, Mahindra & Mahindra, Dongfeng, Geely, Changan and Hyundai will boost the demand of automobile exterior materials in this region.
Request For Customization @ https://www.gminsights.com/roc/2157
Automotive exterior materials market is highly competitive due to presence of some key industry participants with a minimal difference in their market share. The main industry players include Magna International, INOAC, Covestro, Toyota Boshoku Corporation, Trinseo, DuPont and DURA Automotive Systems.
Some other market share holders are Gurit, Kirchhoff Automotive, PPAP, Plastic Omnium, Intertek, Cadillac Products Automotive Company and Mitsubishi. The key vendors mostly have a competitive edge over regional and local vendors in terms of research & development inventiveness, strong client base, innovative technology, in-house manufacturing capabilities and product offerings.
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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results