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Global Automotive Lightweight Material Market Size, Share & Trends Analysis Report by Product (Metals, Composites, Plastics, Elastomers), End Use (Passenger Cars, Light Commercial Vehicle), Application, Region, and Segment Forecasts, 2023-2030

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    Report

  • 170 Pages
  • November 2023
  • Region: Global
  • Grand View Research
  • ID: 5914500
Description Jump to:
The global automotive lightweight material market size is expected to reach USD 112.50 billion by 2030, registering a CAGR of 3.2% from 2023 to 2030, according to the report. A rise in demand for weight reduction in passenger cars and commercial vehicles to support fuel efficiency is expected to ascend the demand for lightweight materials over the forecast period.

These materials are widely available in different forms, like metal, composites, plastics, and elastomer, thus providing growth prospects for the market. Commercial availability of the above-stated materials in major regions across the globe, coupled with a wide presence of multinational vehicle manufacturers, is expected to support the market growth.

A rise in demand for passenger vehicles with enhanced fuel economy and stability on roads has increased the demand for lightweight materials. The introduction of electric vehicles in the passenger car and commercial vehicle segments is likely to offer growth opportunities for the market. Moreover, the growing demand for increasing the performance of the premium car segment is anticipated to support the demand for automotive lightweight materials.

In 2019, Europe emerged as the largest consumer of lightweight materials with the presence of a pool of players and car manufacturers in the region. Multinational players are engaged in the business of automotive lightweight materials on account of the wide scope in the upcoming electric vehicle segment.

Automotive Lightweight Material Market Report Highlights

  • In 2022, the body in the white application segment dominated the market with a share of 25.6% and is likely to grow at a moderate rate in the expected period. Increasing demand for the lightweight frame in the vehicle is likely to support the segment growth
  • North America is expected to grow at the fastest CAGR of 4.7% during the forecast period. The North American automotive market is anticipated to witness technological introductions in the electric vehicle segment.
  • Europe dominated the market and accounted for the largest revenue share of 36.5% in 2022. The presence of multinational carmakers, along with prominent suppliers of the said materials in the region, has surged the market growth.
  • The introduction of electric vehicles by Tesla, Inc., which include passenger cars, specialty trucks, and large size trucks, is anticipated to influence other vehicle manufacturers, thus positively impacting the demand for lightweight materials.


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Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Product
1.1.2. End-use
1.1.3. Application
1.1.4. Regional scope
1.1.5. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. Internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Product outlook
2.2.2. End-use outlook
2.2.3. Application outlook
2.2.4. Regional outlook
2.3. Competitive Insights
Chapter 3. Automotive Lightweight Materials Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Value Chain Analysis
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market driver analysis
3.5.2. Market restraint analysis
3.5.3. Industry opportunities & challenges
3.6. Automotive Lightweight Materials Market Analysis Tools
3.6.1. Industry analysis - Porter’s
3.6.1.1. Supplier power
3.6.1.2. Buyer power
3.6.1.3. Substitution threat
3.6.1.4. Threat of new entrant
3.6.1.5. Competitive rivalry
3.6.2. PESTEL Analysis
3.6.2.1. Political landscape
3.6.2.2. Technological landscape
3.6.2.3. Economic landscape
3.6.2.4. Social landscape
3.6.2.5. Environmental landscape
3.6.2.6. Legal landscape
Chapter 4. Supplier Portfolio Analysis
4.1. List of Suppliers
4.2. Kraljic Matrix
4.3. Sourcing Best Practices
4.4. Negotiation Strategies
Chapter 5. Automotive Lightweight Materials: Product Estimates & Trend Analysis
5.1. Automotive Lightweight Materials Market: Key Takeaways
5.2. Automotive Lightweight Materials Market: Movement & Market Share Analysis, 2022 & 2030
5.3. Metals
5.3.1. Metals market estimates and forecasts, 2018 to 2030 (Kilo Tons; USD Million)
5.4. Composites
5.4.1. Composites market estimates and forecasts, 2018 to 2030 (Kilo Tons; USD Million)
5.5. Plastics
5.5.1. Plastics market estimates and forecasts, 2018 to 2030 (Kilo Tons; USD Million)
5.6. Elastomers
5.6.1. Elastomers market estimates and forecasts, 2018 to 2030 (Kilo Tons; USD Million)
Chapter 6. Automotive Lightweight Materials: End-use Estimates & Trend Analysis
6.1. Automotive Lightweight Materials Market: Key Takeaways
6.2. Automotive Lightweight Materials Market: Movement & Market Share Analysis, 2022 & 2030
6.3. Passenger Cars
6.3.1. Passenger cars market estimates and forecasts, 2018 to 2030 (Kilo Tons; USD Million)
6.4. Light Commercial Vehicles (LCV)
6.4.1. Light commercial vehicles (LCV) market estimates and forecasts, 2018 to 2030 (Kilo Tons; USD Million)
6.5. Heavy Commercial Vehicles (HCV)
6.5.1. Heavy commercial vehicles (HCV) market estimates and forecasts, 2018 to 2030 (Kilo Tons; USD Million)
Chapter 7. Automotive Lightweight Materials: Application Estimates & Trend Analysis
7.1. Automotive Lightweight Materials Market: Key Takeaways
7.2. Automotive Lightweight Materials Market: Movement & Market Share Analysis, 2022 & 2030
7.3. Body in White
7.3.1. Body in white market estimates and forecasts, 2018 to 2030 (Kilo Tons; USD Million)
7.4. Chassis & Suspension
7.4.1. Chassis & suspension market estimates and forecasts, 2018 to 2030 (Kilo Tons; USD Million)
7.5. Powertrain
7.5.1. Powertrain market estimates and forecasts, 2018 to 2030 (Kilo Tons; USD Million)
7.6. Closures
7.6.1. Closures market estimates and forecasts, 2018 to 2030 (Kilo Tons; USD Million)
7.7. Interiors
7.7.1. Interiors market estimates and forecasts, 2018 to 2030 (Kilo Tons; USD Million)
7.8. Others
7.8.1. Others market estimates and forecasts, 2018 to 2030 (Kilo Tons; USD Million)
Chapter 8. Automotive Lightweight Materials Market: Regional Estimates & Trend Analysis
8.1. Regional Outlook
8.2. Automotive Lightweight Materials Market by Region: Key Takeaway
8.3. North America
8.3.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
8.3.2. U.S.
8.3.2.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
8.3.3. Canada
8.3.3.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
8.3.4. Mexico
8.3.4.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
8.4. Europe
8.4.1. UK
8.4.1.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
8.4.2. Germany
8.4.2.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
8.4.3. France
8.4.3.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
8.4.4. Italy
8.4.4.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
8.4.5. Spain
8.4.5.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
8.4.6. Russia
8.4.6.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
8.5. Asia Pacific
8.5.1. Japan
8.5.1.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
8.5.2. China
8.5.2.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
8.5.3. India
8.5.3.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
8.5.4. Australia
8.5.4.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
8.5.5. South Korea
8.5.5.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
8.6. Central and South America
8.6.1. Brazil
8.6.1.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
8.6.2. Argentina
8.6.2.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
8.7. MEA
8.7.1. South Africa
8.7.1.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
Chapter 9. Competitive Landscape
9.1. Recent Developments & Impact Analysis, By Key Market Participants
9.2. Market Participant Categorization
9.2.1. BASF SE
9.2.1.1. Company overview
9.2.1.2. Financial performance
9.2.1.3. Product benchmarking
9.2.1.4. Strategic initiatives
9.2.2. Toray Industries, Inc.
9.2.2.1. Company overview
9.2.2.2. Financial performance
9.2.2.3. Product benchmarking
9.2.2.4. Strategic initiatives
9.2.3. LyondellBasell
9.2.3.1. Company overview
9.2.3.2. Financial performance
9.2.3.3. Product benchmarking
9.2.3.4. Strategic initiatives
9.2.4. Novelis Inc.
9.2.4.1. Company overview
9.2.4.2. Financial performance
9.2.4.3. Product benchmarking
9.2.4.4. Strategic initiatives
9.2.5. ArcelorMittal
9.2.5.1. Company overview
9.2.5.2. Financial performance
9.2.5.3. Product benchmarking
9.2.5.4. Strategic initiatives
9.2.6. Alcoa Corporation
9.2.6.1. Company overview
9.2.6.2. Financial performance
9.2.6.3. Product benchmarking
9.2.6.4. Strategic initiatives
9.2.7. Owens Corning
9.2.7.1. Company overview
9.2.7.2. Financial performance
9.2.7.3. Product benchmarking
9.2.7.4. Strategic initiatives
9.2.8. Stratasys Ltd.
9.2.8.1. Company overview
9.2.8.2. Financial performance
9.2.8.3. Product benchmarking
9.2.8.4. Strategic initiatives
9.2.9. Tata Steel
9.2.9.1. Company overview
9.2.9.2. Financial performance
9.2.9.3. Product benchmarking
9.2.9.4. Strategic initiatives
9.2.10. POSCO
9.2.10.1. Company overview
9.2.10.2. Financial performance
9.2.10.3. Product benchmarking
9.2.10.4. Strategic initiatives
List of Tables
Table 1 List of Abbreviation
Table 2 North America Automotive Lightweight Materials Market, By Product, 2018 - 2030 (Kilo Tons; USD Million)
Table 3 North America Automotive Lightweight Materials Market, By End-use, 2018 - 2030 (Kilo Tons; USD Million)
Table 4 North America Automotive Lightweight Materials Market, By Application, 2018 - 2030 (Kilo Tons; USD Million)
Table 5 North America Automotive Lightweight Materials Market, By Region, 2018 - 2030 (Kilo Tons; USD Million)
Table 6 U.S. Automotive Lightweight Materials Market, By Product, 2018 - 2030 (Kilo Tons; USD Million)
Table 7 U.S. Automotive Lightweight Materials Market, By End-use, 2018 - 2030 (Kilo Tons; USD Million)
Table 8 U.S. Automotive Lightweight Materials Market, By Application, 2018 - 2030 (Kilo Tons; USD Million)
Table 9 Canada Automotive Lightweight Materials Market, By Product, 2018 - 2030 (Kilo Tons; USD Million)
Table 10 Canada Automotive Lightweight Materials Market, By End-use, 2018 - 2030 (Kilo Tons; USD Million)
Table 11 Canada Automotive Lightweight Materials Market, By Application, 2018 - 2030 (Kilo Tons; USD Million)
Table 12 Mexico Automotive Lightweight Materials Market, By Product, 2018 - 2030 (Kilo Tons; USD Million)
Table 13 Mexico Automotive Lightweight Materials Market, By End-use, 2018 - 2030 (Kilo Tons; USD Million)
Table 14 Mexico Automotive Lightweight Materials Market, By Application, 2018 - 2030 (Kilo Tons; USD Million)
Table 15 Europe Automotive Lightweight Materials Market, By Product, 2018 - 2030 (Kilo Tons; USD Million)
Table 16 Europe Automotive Lightweight Materials Market, By End-use, 2018 - 2030 (Kilo Tons; USD Million)
Table 17 Europe Automotive Lightweight Materials Market, By Application, 2018 - 2030 (Kilo Tons; USD Million)
Table 18 Europe Automotive Lightweight Materials Market, By Region, 2018 - 2030 (Kilo Tons; USD Million)
Table 19 Germany Automotive Lightweight Materials Market, By Product, 2018 - 2030 (Kilo Tons; USD Million)
Table 20 Germany Automotive Lightweight Materials Market, By End-use, 2018 - 2030 (Kilo Tons; USD Million)
Table 21 Germany Automotive Lightweight Materials Market, By Application, 2018 - 2030 (Kilo Tons; USD Million)
Table 22 UK Automotive Lightweight Materials Market, By Product, 2018 - 2030 (Kilo Tons; USD Million)
Table 23 UK Automotive Lightweight Materials Market, By End-use, 2018 - 2030 (Kilo Tons; USD Million)
Table 24 UK Automotive Lightweight Materials Market, By Application, 2018 - 2030 (Kilo Tons; USD Million)
Table 25 France Automotive Lightweight Materials Market, By Product, 2018 - 2030 (Kilo Tons; USD Million)
Table 26 France Automotive Lightweight Materials Market, By End-use, 2018 - 2030 (Kilo Tons; USD Million)
Table 27 France Automotive Lightweight Materials Market, By Application, 2018 - 2030 (Kilo Tons; USD Million)
Table 28 Italy Automotive Lightweight Materials Market, By Product, 2018 - 2030 (Kilo Tons; USD Million)
Table 29 Italy Automotive Lightweight Materials Market, By End-use, 2018 - 2030 (Kilo Tons; USD Million)
Table 30 Italy Automotive Lightweight Materials Market, By Application, 2018 - 2030 (Kilo Tons; USD Million)
Table 31 Spain Automotive Lightweight Materials Market, By Product, 2018 - 2030 (Kilo Tons; USD Million)
Table 32 Spain Automotive Lightweight Materials Market, By End-use, 2018 - 2030 (Kilo Tons; USD Million)
Table 33 Spain Automotive Lightweight Materials Market, By Application, 2018 - 2030 (Kilo Tons; USD Million)
Table 34 Russia Automotive Lightweight Materials Market, By Product, 2018 - 2030 (Kilo Tons; USD Million)
Table 35 Russia Automotive Lightweight Materials Market, By End-use, 2018 - 2030 (Kilo Tons; USD Million)
Table 36 Russia Automotive Lightweight Materials Market, By Application, 2018 - 2030 (Kilo Tons; USD Million)
Table 37 Asia Pacific Automotive Lightweight Materials Market, By Product, 2018 - 2030 (Kilo Tons; USD Million)
Table 38 Asia Pacific Automotive Lightweight Materials Market, By End-use, 2018 - 2030 (Kilo Tons; USD Million)
Table 39 Asia Pacific Automotive Lightweight Materials Market, By Application, 2018 - 2030 (Kilo Tons; USD Million)
Table 40 Asia Pacific Automotive Lightweight Materials Market, By Region, 2018 - 2030 (Kilo Tons; USD Million)
Table 41 China Automotive Lightweight Materials Market, By Product, 2018 - 2030 (Kilo Tons; USD Million)
Table 42 China Automotive Lightweight Materials Market, By End-use, 2018 - 2030 (Kilo Tons; USD Million)
Table 43 China Automotive Lightweight Materials Market, By Application, 2018 - 2030 (Kilo Tons; USD Million)
Table 44 Japan Automotive Lightweight Materials Market, By Product, 2018 - 2030 (Kilo Tons; USD Million)
Table 45 Japan Automotive Lightweight Materials Market, By End-use, 2018 - 2030 (Kilo Tons; USD Million)
Table 46 Japan Automotive Lightweight Materials Market, By Application, 2018 - 2030 (Kilo Tons; USD Million)
Table 47 India Automotive Lightweight Materials Market, By Product, 2018 - 2030 (Kilo Tons; USD Million)
Table 48 India Automotive Lightweight Materials Market, By End-use, 2018 - 2030 (Kilo Tons; USD Million)
Table 49 India Automotive Lightweight Materials Market, By Application, 2018 - 2030 (Kilo Tons; USD Million)
Table 50 Australia Automotive Lightweight Materials Market, By Application, 2018 - 2030 (Kilo Tons; USD Million)
Table 51 Australia Automotive Lightweight Materials Market, By Product, 2018 - 2030 (Kilo Tons; USD Million)
Table 52 Australia Automotive Lightweight Materials Market, By End-use, 2018 - 2030 (Kilo Tons; USD Million)
Table 53 South Korea Automotive Lightweight Materials Market, By Product, 2018 - 2030 (Kilo Tons; USD Million)
Table 54 South Korea Automotive Lightweight Materials Market, By End-use, 2018 - 2030 (Kilo Tons; USD Million)
Table 55 South Korea Automotive Lightweight Materials Market, By Application, 2018 - 2030 (Kilo Tons; USD Million)
Table 56 Central And South America Automotive Lightweight Materials Market, By Product, 2018 - 2030 (Kilo Tons; USD Million)
Table 57 Central And South America Automotive Lightweight Materials Market, By End-use, 2018 - 2030 (Kilo Tons; USD Million)
Table 58 Central And South America Automotive Lightweight Materials Market, By Application, 2018 - 2030 (Kilo Tons; USD Million)
Table 59 Central And South America Automotive Lightweight Materials Market, By Region, 2018 - 2030 (Kilo Tons; USD Million)
Table 60 Brazil Automotive Lightweight Materials Market, By Product, 2018 - 2030 (Kilo Tons; USD Million)
Table 61 Brazil Automotive Lightweight Materials Market, By End-use, 2018 - 2030 (Kilo Tons; USD Million)
Table 62 Brazil Automotive Lightweight Materials Market, By Application, 2018 - 2030 (Kilo Tons; USD Million)
Table 63 Argentina Automotive Lightweight Materials Market, By Product, 2018 - 2030 (Kilo Tons; USD Million)
Table 64 Argentina Automotive Lightweight Materials Market, By End-use, 2018 - 2030 (Kilo Tons; USD Million)
Table 65 Argentina Automotive Lightweight Materials Market, By Application, 2018 - 2030 (Kilo Tons; USD Million)
Table 66 Middle East And Africa Automotive Lightweight Materials Market, By Product, 2018 - 2030 (Kilo Tons; USD Million)
Table 67 Middle East And Africa Automotive Lightweight Materials Market, By End-use, 2018 - 2030 (Kilo Tons; USD Million)
Table 68 Middle East And Africa Automotive Lightweight Materials Market, By Application, 2018 - 2030 (Kilo Tons; USD Million)
Table 69 Middle East And Africa Automotive Lightweight Materials Market, By Region, 2018 - 2030 (Kilo Tons; USD Million)
Table 70 South Africa Automotive Lightweight Materials Market, By Product, 2018 - 2030 (Kilo Tons; USD Million)
Table 71 South Africa Automotive Lightweight Materials Market, By End-use, 2018 - 2030 (Kilo Tons; USD Million)
Table 72 South Africa Automotive Lightweight Materials Market, By Application, 2018 - 2030 (Kilo Tons; USD Million)
List of Figures
Fig. 1 Market Research Process
Fig. 2 Data Triangulation Techniques
Fig. 3 Primary Research Pattern
Fig. 4 Market Research Approaches
Fig. 5 Value-Chain-Based Sizing & Forecasting
Fig. 6 QFD Modeling For Market Share Assessment
Fig. 7 Market Formulation & Validation
Fig. 8 Automotive Lightweight Materials: Market Outlook
Fig. 9 Automotive Lightweight Materials: Competitive Insights
Fig. 10 Parent Market Outlook
Fig. 11 Related/Ancillary Market Outlook
Fig. 12 Penetration and Growth Prospect Mapping
Fig. 13 Industry Value Chain Analysis
Fig. 14 Automotive Lightweight Materials Market Driver Impact
Fig. 15 Automotive Lightweight Materials Market Restraint Impact
Fig. 16 Automotive Lightweight Materials Market Strategic Initiatives Analysis
Fig. 17 Automotive Lightweight Materials Market: Product Movement Analysis
Fig. 18 Automotive Lightweight Materials Market: Product Outlook and Key Takeaways
Fig. 19 Metals Market Estimates and Forecasts, 2018 - 2030
Fig. 20 Composites Market Estimates and Forecasts, 2018 - 2030
Fig. 21 Plastics Market Estimates and Forecasts, 2018 - 2030
Fig. 22 Elastomers Market Estimates and Forecasts, 2018 - 2030
Fig. 23 Automotive Lightweight Materials Market: End-use Movement Analysis
Fig. 24 Automotive Lightweight Materials Market: End-use Outlook and Key Takeaways
Fig. 25 Passenger Cars Market Estimates and Forecasts, 2018 - 2030
Fig. 26 Light Commercial Vehicles (LCV) Market Estimates and Forecasts, 2018 - 2030
Fig. 27 Heavy Commercial Vehicles (HCV) Market Estimates and Forecasts, 2018 - 2030
Fig. 28 Automotive Lightweight Materials Market: Application Movement Analysis
Fig. 29 Automotive Lightweight Materials Market: Application Outlook and Key Takeaways
Fig. 30 Body In White Market Estimates and Forecasts, 2018 - 2030
Fig. 31 Chassis and Suspension Market Estimates and Forecasts, 2018 - 2030
Fig. 32 Powertrain Market Estimates and Forecasts, 2018 - 2030
Fig. 33 Closures Market Estimates and Forecasts, 2018 - 2030
Fig. 34 Interiors Market Estimates and Forecasts, 2018 - 2030
Fig. 35 Others Market Estimates and Forecasts, 2018 - 2030
Fig. 36 Global Automotive Lightweight Materials Market: Regional Movement Analysis
Fig. 37 Global Automotive Lightweight Materials Market: Regional Outlook and Key Takeaways
Fig. 38 North America Market Estimates and Forecasts, 2018 - 2030
Fig. 39 U.S. Market Estimates and Forecasts, 2018 - 2030
Fig. 40 Canada Market Estimates and Forecasts, 2018 - 2030
Fig. 41 Mexico Market Estimates and Forecasts, 2018 - 2030
Fig. 42 Europe Market Estimates and Forecasts, 2018 - 2030
Fig. 43 UK Market Estimates and Forecasts, 2018 - 2030
Fig. 44 Germany Market Estimates and Forecasts, 2018 - 2030
Fig. 45 France Market Estimates and Forecasts, 2018 - 2030
Fig. 46 Italy Market Estimates and Forecasts, 2018 - 2030
Fig. 47 Spain Market Estimates and Forecasts, 2018 - 2030
Fig. 48 Russia Market Estimates and Forecasts, 2018 - 2030
Fig. 49 Asia Pacific Market Estimates and Forecasts, 2018 - 2030
Fig. 50 Japan Market Estimates and Forecasts, 2018 - 2030
Fig. 51 China Market Estimates and Forecasts, 2018 - 2030
Fig. 52 India Market Estimates and Forecasts, 2018 - 2030
Fig. 53 Australia Market Estimates and Forecasts, 2018 - 2030
Fig. 54 South Korea Market Estimates and Forecasts, 2018 - 2030
Fig. 55 Central and South America Market Estimates and Forecasts, 2018 - 2030
Fig. 56 Brazil Market Estimates and Forecasts, 2018 - 2030
Fig. 57 Argentina Market Estimates and Forecasts, 2018 - 2030
Fig. 58 Middle East and Africa. Market Estimates and Forecasts, 2018 - 2030
Fig. 59 South Africa Market Estimates and Forecasts, 2018 - 2030

Companies Profiled

  • BASF SE
  • Toray Industries, Inc.
  • LyondellBasell
  • Novelis Inc.
  • ArcelorMittal
  • Alcoa Corporation
  • Owens Corning
  • Stratasys Ltd.
  • Tata Steel
  • POSCO

Methodology

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Table Information

Report AttributeDetails
No. of Pages170
PublishedNovember 2023
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 85.63 Billion
Forecasted Market Value ( USD ) by 2030 $ 112.5 Billion
Compound Annual Growth Rate3.2%
Regions CoveredGlobal
No. of Companies Mentioned10

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About the Automotive Lightweight Material Market

The Automotive Lightweight Material market is a subset of the Automotive Parts industry. It focuses on the production of materials that are lighter in weight than traditional materials, such as steel and aluminum. These materials are used to reduce the overall weight of vehicles, which can improve fuel efficiency and reduce emissions. Lightweight materials can also be used to increase the strength and durability of vehicles, while still reducing their weight. Common lightweight materials used in the automotive industry include carbon fiber, magnesium, and titanium. The Automotive Lightweight Material market is driven by the increasing demand for fuel-efficient and environmentally friendly vehicles. Governments around the world are introducing regulations to reduce emissions, which is driving the demand for lightweight materials. Additionally, the increasing demand for electric vehicles is also driving the market, as these vehicles require lighter materials to reduce their overall weight. Some of the major companies in the Automotive Lightweight Material market include Magna International, Continental AG, Faurecia, and BASF. Show Less Read more

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