Market Overview:
The global automotive material market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for lightweight materials and composites in automobiles. Metal materials are expected to hold the largest share of the global automotive material market by type, followed by engineered plastics, composites, and others. Interior applications are expected to account for the largest share of the global automotive material market by application, followed by exterior applications and structure applications. North America is expected to account for the largest share of the global automotive material market by region, followed by Europe, Asia Pacific, Latin America, and Middle East & Africa.
Product Definition:
An automotive material is a type of material that is used in the manufacturing of automobiles. There are many different types of automotive materials, each with its own unique properties and benefits. Some common automotive materials include metals, plastics, and composites.
The use of automotive materials is essential for the manufacture of automobiles. The properties and characteristics of these materials play a critical role in the design and performance of cars. Automotive materials must be able to withstand strenuous conditions while also being lightweight and durable.
Metal Materials:
Metal materials are used in automotive components owing to their properties such as strength, corrosion resistance, recyclability and lightweight. The metal material market is expected to witness significant growth over the forecast period on account of increasing demand for lightweight vehicles with high fuel efficiency.
Increasing use of aluminum and steel in passenger cars & commercial vehicles coupled with growing substitution rate of heavy metals by plastics is likely to hamper the market growth over the next seven years.
Engineered Plastics:
Engineered plastics are high performance polymers that have been modified to enhance their mechanical properties and to comply with the requirements of various end-use industries. Engineered plastic is used in automotive material market as a substitute for metals and other engineering plastics such as Polypropylene (PP), Polyethylene (PE), Acrylonitrile Butadiene Styrene (ABS) & styrene, which are widely used in vehicle manufacturing.
Application Insights:
Structure application segment accounted for the largest share of over 30.0% in 2017 and is expected to witness significant growth over the forecast period. Increasing use of aluminum, steel, and plastics for structure manufacturing is anticipated to drive material demand in this application segment.
Engineered plastics are used extensively in engine components such as intake manifolds, valve covers, air guides for carburetors or fuel injectors due to their lightweight properties and cost-effectiveness compared to metal materials counterparts. Engineered plastic parts account for a major share (over 40%) of the total part count on an automobile which contributes toward higher material consumption rate on account of reduced part count when compared with other applications such as interior & exterior components or powertrain components among others.
Regional Analysis:
Asia Pacific is expected to be the largest and fastest-growing regional market over the forecast period. The region accounted for a share of more than 30% in terms of revenue in 2017 owing to high demand from developing countries such as India, China, and Japan. In addition, rising disposable income levels coupled with increasing passenger car production is anticipated to drive the regional market growth over the forecast period.
The European automotive industry has been severely affected by economic turmoil since 2007 resulting in sluggish automobile sales across major markets including France, Italy and Germany.
North America was valued at USD X billion in 2017 owing to high consumption of metals such as aluminum and steel along with plastic materials used for vehicle body parts manufacturing. The U.S.
Growth Factors:
- Increasing demand for lightweight vehicles to reduce fuel consumption and emissions
- Rising demand from the developing countries for passenger cars
- Growing popularity of electric and hybrid vehicles
- Proliferation of advanced automotive materials such as aluminum, magnesium, and carbon fiber composites
- Development of autonomous driving technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Material Market Research Report
By Type
Metal Materials, Engineered Plastics, Composites, Others
By Application
Interior, Exterior, Structure, Powertrain, Others
By Companies
AK Steel, National Steel, General Electric, DuPont, Bayer AG, A. Schulman, Alcoa, Mitsui Chemicals, Johnson Matthey, ThyssenKrupp AG, AK Steel, Norsk Hydro, ArcelorMittal S.A, Novelis Inc
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Material Market Report Segments:
The global Automotive Material market is segmented on the basis of:
Types
Metal Materials, Engineered Plastics, Composites, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Interior, Exterior, Structure, Powertrain, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AK Steel
- National Steel
- General Electric
- DuPont
- Bayer AG
- A. Schulman
- Alcoa
- Mitsui Chemicals
- Johnson Matthey
- ThyssenKrupp AG
- AK Steel
- Norsk Hydro
- ArcelorMittal S.A
- Novelis Inc
Highlights of The Automotive Material Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Metal Materials
- Engineered Plastics
- Composites
- Others
- By Application:
- Interior
- Exterior
- Structure
- Powertrain
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Material Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automotive material is a broad term that can refer to any type of material used in the construction or design of automobiles. Common automotive materials include metal, plastic, composites, and rubber.
Some of the major players in the automotive material market are AK Steel, National Steel, General Electric, DuPont, Bayer AG, A. Schulman, Alcoa, Mitsui Chemicals, Johnson Matthey, ThyssenKrupp AG, AK Steel, Norsk Hydro, ArcelorMittal S.A, Novelis Inc.
The automotive material market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Material Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Material Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Material Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Material Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Material Market Size & Forecast, 2020-2028
4.5.1 Automotive Material Market Size and Y-o-Y Growth
4.5.2 Automotive Material Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Metal Materials
5.2.2 Engineered Plastics
5.2.3 Composites
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Interior
6.2.2 Exterior
6.2.3 Structure
6.2.4 Powertrain
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Material Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Material Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Metal Materials
9.6.2 Engineered Plastics
9.6.3 Composites
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Interior
9.10.2 Exterior
9.10.3 Structure
9.10.4 Powertrain
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Metal Materials
10.6.2 Engineered Plastics
10.6.3 Composites
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Interior
10.10.2 Exterior
10.10.3 Structure
10.10.4 Powertrain
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Metal Materials
11.6.2 Engineered Plastics
11.6.3 Composites
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Interior
11.10.2 Exterior
11.10.3 Structure
11.10.4 Powertrain
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Metal Materials
12.6.2 Engineered Plastics
12.6.3 Composites
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Interior
12.10.2 Exterior
12.10.3 Structure
12.10.4 Powertrain
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Metal Materials
13.6.2 Engineered Plastics
13.6.3 Composites
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Interior
13.10.2 Exterior
13.10.3 Structure
13.10.4 Powertrain
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Material Market: Competitive Dashboard
14.2 Global Automotive Material Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AK Steel
14.3.2 National Steel
14.3.3 General Electric
14.3.4 DuPont
14.3.5 Bayer AG
14.3.6 A. Schulman
14.3.7 Alcoa
14.3.8 Mitsui Chemicals
14.3.9 Johnson Matthey
14.3.10 ThyssenKrupp AG
14.3.11 AK Steel
14.3.12 Norsk Hydro
14.3.13 ArcelorMittal S.A
14.3.14 Novelis Inc
