Automotive Material Market Trends and Analysis by Technology, Companies and Forecast to 2028
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Automotive Material Market Report Overview
OEM manufacturers and suppliers are building new plants and production lines to increase the development and production of new materials, This also helps enhance the capacity of the production process. Many companies have announced an investment in its material products.
The automotive material market research report provides a comprehensive overview of the automotive material market trends and drivers. The report also provides a detailed overview of technological developments and innovations, PESTER analysis, and leading component suppliers at a global and regional level. Furthermore, evaluate strategic initiatives taken by market players and their recent product innovations to identify growth opportunities. The report also provides an overview of patent filings in the sector across regions, countries, and top applicants.
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Key Companies | BMW, Novelis, Bridgestone, Posco, and Benteler |
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Automotive Material Market Trends
The key trends shaping the automotive material market are capacity expansion for boosting new materials development along with collaboration between OEMs and suppliers.
Collaboration between OEMs and suppliers: Manufacturers and suppliers work together to create partnerships in the automotive material industry. For instance, BMW Group has signed a contract with Salzgitter for the delivery of low-carbon steel. This steel will be used to start car production in European facilities in 2026.
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Automotive Material Market - Competitive Landscape
A few of the top companies operating in the market are:
- BMW
- Novelis
- Bridgestone
- Posco
- Benteler
Bridgestone has stated that it will provide tyres made with a certain percentage of recycled and renewable materials to teams competing in the Bridgestone World Solar Challenge (BWSC).
Bridgestone is also taking strategic actions to aid the automotive material market growth. Bridgestone Green Landscape Co Ltd (BGSL) is a Japanese company engaged in a contract for ancillary work related to tyre and steel cord production, labour dispatch business, etc. Hirayama Holdings Co Ltd., engaged in providing outsourcing and technology staffing services, acquired BGSL.
Automotive Material Market Analysis by Companies
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Automotive Material Market - Latest Developments
A few of the latest developments in the automotive material market are as follows:
- 2nd October 2023: Nano One Materials Corporation is a technological business with patented technologies for the sustainable production of lithium-ion battery cathode materials. Sumito metal mining co ltd SMM agreed to make a strategic investment in Nano One Materials Corporation
- 20th September 2023: Blue Whale Materials is a leader in ecologically responsible lithium-ion battery recycling. It formally launched its first processing facility in Bartlesville, Oklahoma. This highlights the company’s commitment to creating a domestic supply chain for lithium-ion batteries and securing US sources for critical minerals for the transition to renewable energy.
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Scope
- Trends & Drivers: Provides an overview of the current key trends and drivers that will influence the sector’s growth in the future.
- Technological Developments: Provides a detailed overview of technological developments and innovations in the sector.
- PESTER Analysis: Provides a detailed understanding of political, economic, social, technological, environmental, and regulatory factors impacting the sector.
- Sector Forecast: Provides deep-dive analysis of the global market covering volume growth during 2018-2028, and spot estimates for 2023 and 2028. The analysis also covers a regional overview across four regions highlighting sector size and growth drivers.
- Competitive Landscape: Provides an overview of leading component suppliers at a global and regional level, besides analyzing the recent product innovations and key strategic initiatives taken by the companies.
- Patent Analysis: Provides an overview of patent filings in the sector across regions, countries, and top applicants.
Reasons to Buy
- The report provides OEMs and component suppliers’ latest information on market evolution to help formulate sales and marketing strategies.
- The report provides authentic market data with a high level of detail to help gain a competitive edge in the market.
- The report provides its readers with up-to-date information and analysis to uncover emerging opportunities for growth within the sector.
- The report analyzes regions and competitive landscape that can help companies gain insight into the region-specific nuances.
- The report assesses the key trends that drive customer choice and the future opportunities that can be explored in the region. Actionable insights on trends can help companies in revenue expansion.
- The report helps gain competitive intelligence about leading component suppliers in the region with information about their market share and growth rates.
Novelis
Bridgestone
Posco
Benteler
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Frequently asked questions
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What are key trends shaping the automotive material market?
The key trends shaping the automotive material market are capacity expansion for boosting new materials development along with collaboration between OEMs and suppliers.
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Which are the key companies operating in the automotive material market?
The key companies operating in the automotive material market are BMW, Novelis, Bridgestone, Posco, and Benteler, among others.
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