Metallurgical Breakthroughs Push the Boundaries of Vehicle Design
TD Holdings, Inc. (GLG)
Company Research
Source: PR Newswire
NEW YORK, Sept. 23, 2021 /PRNewswire/ -- Lightweight materials have a positive impact on various factors including agility, fuel consumption and driving dynamics. As a result, there is a surge in demand for lightweight materials in the transportation, automotive and aviation industries. Aluminum, polymers and high-strength steel are widely favored to help achieve emission targets that these industries, as well as governments, have set. Automakers are now trying to develop multi-material designs using lightweight materials to improve fuel efficiency of various vehicles. In addition, use of composites and polymers in vehicle manufacturing is expected to grow significantly in the coming years, given the lightweight property of these materials. And according to data provided by Market Research Future, the lightweight materials market size is projected to reach USD 276.50 Billion by 2027 at 8.2% CAGR. TD Holdings, Inc. (NASDAQ: GLG), Rio Tinto Group (NYSE: RIO), Axalta Coating Systems Ltd.
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