PPTX
The global lightweight automotive materials market was valued at USD 89 billion in 2019 and is expected to reach USD 153.2 billion by 2026, expanding at a CAGR of 7.4% during the forecast period, 2020u20132026. Growth of the market is owing to increasing installation and adoption of lightweight materials such as magnesium and aluminum-based components in vehicles as well as increasing automation in the automotive industry.