Advanced Automotive Materials Market Dynamics, Segments and Supply Demand 2015-2025 by FMI

Global Advanced
Automotive
Materials Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2015
Future Market Insights
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Global Advanced Automotive Materials Market: Overview
The fundamental function of advanced automotive materials is to reduce the weight of a
vehicle. These materials finds use in a number of automobile applications, including
interior, exterior, structure, and powertrain, among others. Advanced automotive
materials reduces the overall weight of the vehicle, increasing the efficiency and thereby
reducing the overall fuel consumption. The advanced automotive materials possess
better dimension stability than conventional materials, improved mechanical
performance, and elevated service temperature.
Automotive OEMs are compelled to employ advanced automotive materials to ensure
that the vehicles meet the increasingly stringent emission norms. A variety of factors
involved in the evolution of advanced automotive materials are the necessity for
improved fuel economy, growing vehicle performance requirements, higher power
requirements, and the requirement for a superior driving experience.
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Global Advanced Automotive Materials Market: Segmentation
Global advanced automotive materials market is segmented into types of material,
region, and application. The global advanced automotive materials market includes a
variety of materials such as metals, engineered plastics, thermoplastic elastomers (TPEs),
and composites.
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Metals are segmented into high-strength steel (HSS), stainless steel, aluminum, powder
metals and others, whereas engineered plastics are segmented into nylon, ABS,
polycarbonate, polyphenylene oxide, etc. Thermoplastic Elastomers include
thermoplastic vulcanizates, thermoplastic polyolefin, thermoplastic polyurethanes,
styrene block copolymer, copolyester elastomer, and others. The composites are
segmented into carbon fiber reinforced plastic (CFRP) and glass fiber reinforced plastic
(GFRP). Region wise, the global advanced automotive market is segmented into North
America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, and MEA
and in terms of advanced automotive material applications the market is divided into
interior, structural, exterior, structural, powertrain, and others.
Global Advanced Automotive Materials Market: Region-wise Outlook
In North America, the U.S. accounted for the largest share of the advanced automotive
materials market in 2014. In the coming years, however, the developing regions like Asia
Pacific are predicted to become lucrative regional markets for key players operating in the
global advanced automotive materials market. Sizeable population, economic
development, stringent regulations regarding emission, increasing knowledge regarding
eco-friendly systems, and benefits of better fuel efficiency are the major factors driving
the growth of the advanced automotive materials market in this region.
Global Advanced Automotive Materials Market: Drivers
The growth of the advanced automotive market is expected to be driven mainly by
constant pressure to reduce the vehicle weight, thus improving fuel efficiency leading
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to lower CO2 emissions. Other important driving factors for the growth of the global
advanced automotive market includes focus on safety, durability, noise and vibration, by
replacing the traditional materials.
New process technologies, improvements in resins and metal alloys helps increasing the
attractiveness of advanced automotive materials manufacturing, encouraging growth.
Advanced automotive plastics use, in particular, has been encouraged by lower tooling
costs relative to other materials.
The global advanced automotive materials market growth is also driven by the fact that
advanced automotive materials provide higher strength as compared to the ordinary
materials, facilitating higher energy absorption during crash.
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Global Advanced Automotive Materials Market: Restraints
Some of the factors hindering the growth of the global advanced automotive materials
market are limited raw material, increasing pressure for materials recycling, particularly
for engineered plastics, and low awareness towards benefits of advance automotive
materials, etc.
Global Advanced Automotive Materials Market: Key Players
Some of the major players identified in the global advanced automotive market are AK
Steel, National Steel, General Electric, DuPont, Bayer AG, A. Schulman, Alcoa, Norsk
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