Automotive Exterior Materials Market to Reach USD 19.21 Bn by 2025

LONDON, BIOT - Sept. 28, 2017 - PRLog -- The world's automotive exterior materials market is forecast to amount to the value of USD 19.21 billion by 2025, registering growth at a 7% CAGR in the coming years.

Steel which was traditionally the material of choice for different exterior components is predicted to experience intensifying competition from plastics and carbon composite materials.

Sustainability is likely to emerge as the main megatrend that is likely to shape the future of materials used for production of car exteriors and will pose greater challenges for automobile designers.

Escalating environmental concerns and strict norms have forced automotive producers to control automotive pollution. One of the key factors affecting fuel efficiency and vehicular pollution is the curb weight. Reduction in curb weight considerably rises fuel efficiency and reduces vehicular pollution.

During the past several years, usage of carbon has been limited to high-performance cars given high carbon fiber cost. Meantime, today extensive R&D work is carried out by some producers to introduce low-cost carbon fiber grade with similar mechanical properties as that of high-cost variants. This is predicted to drive carbon fiber demand in the automotive industry during 2017-2025.

The world's automotive exterior materials market is inhabited by a number of major companies with a minimal difference in market shares, making each of them capable to gain the leading position. Some of the prominent players include Toyota Boshoku Corporation, Magna International, DURA Automotive Systems, Plastic Omnium, Kirchhoff Automotive and Trinseo S.A.

The automotive exterior materials market in APAC is predicted to see the highest growth rates through 2025.

In-demand research study "Automotive Exterior Materials Market Analysis By Product, By Application, And Segment Forecasts, 2014 - 2025 (https://marketpublishers.com/report/machinery/auto_parts/...)" elaborated by Grand View Research has been recently added at MarketPublishers.com. This publication includes relevant info on the market current scenario, historical background, dynamics, key growth influencing forces, prevailing trends, emerging threats and opportunities, competitive landscape, regulative framework and other important aspects. It presents access to important market data, covers the hottest issues and gives forecasts through 2025.

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