DUBLIN--(BUSINESS WIRE)--The "Global Automotive Lightweight Materials - Procurement Market Intelligence Report" report has been added to ResearchAndMarkets.com's offering.

The report provides actionable insights to improve source-to-contract cycle performance in the Global Automotive Lightweight Materials Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.

Lightweight materials are a mixture of metal-alloys and composites. This concept is used in the automotive industry for building cars and trucks to reduce their weight and enable manufacturers to achieve fuel efficiency and handling. The use of lightweight materials does not affect the strength and proficiency of the vehicle structure. For instance, plastics can reduce the strain on the engine and provide better gas mileage and improved handling.

Moreover, lightweight materials are selected based on their high strength to weight ratio, design flexibility, and high corrosion resistance. The materials efficiency also depends on the consistency of alloys and composites used. These alloys are easy to shape with the assistance of welding, machining, and forming.

One of the procurement best practices for buyers is to choose suppliers that assist in forecasting prices and demand.

According to the report, one of the key growth contributors for the global automotive lightweight materials market is the increasing stringency of regulations on curtailing GHG emissions.

Further, the report states that one of the key category management strategies for the buyers in the global automotive lightweight materials market is to maximize cost savings by reducing procurement spend.

Companies Mentioned

  • BASF
  • thyssenkrupp
  • Covestro
  • LyondellBasell Industries Holdings
  • Novelis (Aditya Birla Group)
  • Toray Industries

Key Topics Covered:

1: Executive Summary

2: Market Insights

3: Category Pricing Insights

4: Cost-Saving Opportunities

5: Best Practices

6: Category Ecosystem

7: Category Management Strategy

8: Category Management Enablers

9: Suppliers Selection

10: Suppliers Under Coverage

11: U.S. Market Insights

12: Category Definition

13: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/gbxbnz/global_automotive?w=4

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Related Topics: Automotive Manufacturing