Lightweight Materials Market-Global Industry Analysis and Forecast (2020-2027)

Lightweight Materials are advanced materials, is a way to achieve better fuel efficiency widely used in automotive industries by replacing heavy steel components with lighter ones such as aluminium, high-strength steel, magnesium (Mg) alloys, carbon fiber, and glass fiber-reinforced polymer which directly reduce the vehicle's weight by up to 50% and therefore, reduce fuel consumption and offers great potential in increasing vehicle efficiency.The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.

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