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Automotive Lightweight Materials Market Size to Hit US$ 115.37 Bn by 2027


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OTTAWA, March 01, 2021 (GLOBE NEWSWIRE) The global
automotive lightweight materials market size was valued at USD 65.38 billion in 2019. Automotive lightweight materials are prominently used in automotive industry to boost their speed and fuel efficiency by reducing their weight. These lightweight materials are an appropriate replacement for heavy generic materials that were previously used to build the outer frame of vehicles owing to the advantages that include improved handling, enhanced strength, less material consumption, and low corrosion rate. Carbon fiber is one those lightweight materials that is extensively used by automobile manufacturers worldwide, as it notably reduces the weight of the vehicle while preserving the strength. ....

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