Automotive Exterior Materials Market trends research and projections for 2017-2024

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Automotive Exterior Materials Market Price,
Trends, Industry Outlook Forecast 2017-2024
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Key Insights from Automotive Exterior Materials
Market

• Automotive Exterior Materials Market size will
  witness a significant growth owing to need for
  better aerodynamics designs in order to improve
  fuel efficiency and reduce overall weight. To
  meet the regulation standards and legislation
  concerned with the environment and safety will
  stimulate the product 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.
• 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.

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Continued...

• 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.
• 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.

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Major Companies in Automotive Exterior Materials
Market

• Magna International
• INOAC
• Covestro
• Toyota Boshoku Corporation
• Trinseo
• DuPont
• DURA Automotive Systems
• Kirchhoff Automotive

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Regional Insights in Automotive Exterior
Materials Market

• 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.
• 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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