+1-888-308-5802     
News Contact Us

Automotive Exterior Materials Market in Asia Pacific to showcase tremendous growth due to the increase in demand of passenger cars & light commercial fuel-efficient vehicles

Author : Ronak Bora | Published Date : 2019-04-16 

Global Market Insights, Inc. recently introduced new title on 2018-2024 Automotive Exterior Materials Market Report from its database. The report provides study with in-depth overview, describing about the Product, Industry Scope and elaborates market outlook and status to 2024.

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 Table Of Content @ www.gminsights.com/request-toc/upcoming/2157      

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.

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.

Based on application, 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.

Make an inquiry before buying this report @ www.gminsights.com/inquiry-before-buying/2157       

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. These recent fulfilments of criteria have opened the door for new material introduction to the vehicle market, including alternative composites and metals. However, there are yet noteworthy barriers in bulk scale usage of these materials mostly due to high cost of raw constituents and large capital investment needed for transformation of the forming processes.

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.

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.

Browse Full Report Summary @ www.gminsights.com/industry-analysis/automotive-exterior-materials-market

Automotive exterior materials 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. The industry is expected to witness mergers & acquisitions, along with increased partnerships and collaborations with the alliance participants worldwide during forecast period.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

Related News

Asia Pacific Recyclable Thermosets Market Size 2025 Will Witness Tremendous Growth Via Plastic Production

Published Date: 2019-07-17         Author: Ronak Bora

Recyclable thermosets market Asia Pacific thermoset market size was the largest and is also expected to witness highest gains at over 11% up to 2023 owing to growth of end-use industries such as automobile and construction. North America is expected to witness significant gains at over 10% from 2016... Read More

Asia Pacific Phosphate Fertilizers Market Size To Register Extensive Growth Up to 2025

Published Date: 2019-07-17         Author: Ronak Bora

Asia Pacific phosphate fertilizer market size was dominant and accounted for more than 55% total demand in 2015. China was major producer and is anticipated to add production capacities over the forecast period owing to rise in crop demand. North America accounted for over 25% in 2015. Latin America... Read More

North America Leather Chemicals Market Size To Procure Substantial Returns From Footwear Applications

Published Date: 2019-07-17         Author: Ronak Bora

Speaking of shoes, footwear applications dominated the overall leather chemicals market in 2016 with a contribution of more than 50%, and is expected to grow significantly over the years ahead, owing to enhanced consumer lifestyles, high demand for worker safety in manufacturing industries, and the ... Read More

© 2019 Fractovia. All Rights Reserved