Market Overview:
The global lightweight materials for EV market is estimated to be valued at US$ XX million in 2018 and is projected to reach US$ XX million by 2030, registering a CAGR of X.X% during the forecast period. The growth of the market can be attributed to the increasing demand for electric vehicles (EVs) across the globe. Based on type, metal and alloys are expected to account for a major share of the global lightweight materials for EV market during the forecast period. This can be attributed to their high strength-to-weight ratio as well as thermal and electrical conductivity properties. Composites are also anticipated to witness significant growth during the forecast period, owing to their superior mechanical properties as compared with other conventional materials used in EVs such as metals and plastics. Based on application, BEVs are expected to account for a major share of the global lightweight materials for EV market during 2018–2030. This can be attributed primarily due rising concerns over environmental pollution caused by traditional internal combustion engine (ICE)-powered vehicles across various regions worldwide.
Product Definition:
Lightweight materials are those that have a low density and which are consequently easy to move or transport. They include materials such as plastics, aluminum, and carbon fiber. The use of lightweight materials is important in electric vehicles because it helps to reduce the weight of the vehicle, which in turn reduces the amount of energy required to power it and extends its range.
Metal And Alloys:
Metal and alloys are a group of substances which have been categorized by the bonding of at least two metal ions (lone pair or double bond between two nearest neighbours). The most common types of metals used in lightweight materials for electric vehicles include aluminum, copper, magnesium, titanium and steel. These metals provide various beneficial properties such as high strength & stiffness along with corrosion resistance.
Composites:
Composites are man-made materials that are manufactured from two or more different substances to achieve the desired properties. They have a wide range of applications in various industries such as automotive, construction, marine and aerospace. Composites offer several advantages over other conventional materials; they can be lighter in weight, stronger and rigid with higher durability. Owing to these superior characteristics composites have been gaining significant importance across various industries which has led to increased demand for lightweight materials for EVs (Electric Vehicles).
Application Insights:
The electric vehicle market has various applications including battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and HEVs. Other types of lightweight materials used for EVs include fuel cells, carbon fiber, and composite materials.
Battery pack is the most important component in an EV as without it the car cannot move a single inch. The battery pack includes multiple cells that store electricity from the solar panels or any other source for use in emergencies or to drive the car for short distances only. Battery packs are made up of various components such as lithium-ion batteries, nickel metal hydride batteries, lead acid batteries etc., each with their own advantages and disadvantages when compared to others.
Regional Analysis:
Asia Pacific dominated the global market in 2017 owing to increasing demand for EVs from countries such as China, Japan, and India. The region is expected to continue its dominance over the forecast period due to growing sales of EVs in China and other Asian countries. Europe is anticipated to be one of the significant regional markets over the next eight years owing to rising consumer awareness regarding environment-friendly vehicles along with supportive government policies. North America is also likely have a positive outlook on growth due to increasing R&D investments by governments for developing innovative electric vehicles along with favorable regulations aimed at promoting sales of light-weight materials across this region are some factors that can be attributed towards future growth rates.
The European Commission has set an ambitious target of reducing carbon emissions associated with transportation by 30% by 2030 which will propel industry participants toward investing in lightweight materials research activities for development of eco-efficient electric vehicle components production processes etc.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 20% during the forecast period. This will create a high demand for lightweight materials that can improve the efficiency and performance of electric vehicles.
- Stringent emission norms: Stringent emission norms are being implemented by various governments across the world in an effort to reduce pollution levels. This is creating a need for lightweight materials that can help improve the fuel efficiency of vehicles and reduce emissions.
- Development of advanced materials: The development of advanced materials such as graphene and carbon nanotubes is helping to increase the use of lightweight materials in various applications, including electric vehicles. These advanced materials have superior properties such as high strength-to-weight ratio, thermal conductivity, and electrical conductivity which make them ideal for use in electric vehicles.
Scope Of The Report
Report Attributes
Report Details
Report Title
Lightweight Materials for EV Market Research Report
By Type
Metal And Alloys, Composites, Plastics And Elastomers
By Application
BEV, PHEV, HEV, Others
By Companies
SSAB AB, Toray Industries, Inc., Arcelor Mittal S.A., SABIC, ThyssenKrupp AG, Solvay S.A., SGL Carbon SE, Covestro AG, DuPont de Nemours, Inc., Celanese, Novelis Inc., Nippon Steel Corporation, LyondellBasell Industries, BASF SE, Constellium SE
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
155
Number of Tables & Figures
109
Customization Available
Yes, the report can be customized as per your need.
Global Lightweight Materials for EV Market Report Segments:
The global Lightweight Materials for EV market is segmented on the basis of:
Types
Metal And Alloys, Composites, Plastics And Elastomers
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
BEV, PHEV, HEV, 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:
- SSAB AB
- Toray Industries, Inc.
- Arcelor Mittal S.A.
- SABIC
- ThyssenKrupp AG
- Solvay S.A.
- SGL Carbon SE
- Covestro AG
- DuPont de Nemours, Inc.
- Celanese
- Novelis Inc.
- Nippon Steel Corporation
- LyondellBasell Industries
- BASF SE
- Constellium SE
Highlights of The Lightweight Materials for EV 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 And Alloys
- Composites
- Plastics And Elastomers
- By Application:
- BEV
- PHEV
- HEV
- 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 Lightweight Materials for EV 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:
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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?
Lightweight materials for electric vehicles (EV) are those that are less dense and more lightweight than traditional automotive materials. This allows for a smaller battery pack, which in turn reduces the weight of the vehicle and improves fuel economy. Additionally, lightweight materials can be made to be more flexible, which helps them to better conform to the contours of the car body.
Some of the key players operating in the lightweight materials for ev market are SSAB AB, Toray Industries, Inc., Arcelor Mittal S.A., SABIC, ThyssenKrupp AG, Solvay S.A., SGL Carbon SE, Covestro AG, DuPont de Nemours, Inc., Celanese, Novelis Inc., Nippon Steel Corporation, LyondellBasell Industries, BASF SE, Constellium SE.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Lightweight Materials for EV 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 Lightweight Materials for EV Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Lightweight Materials for EV 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 Lightweight Materials for EV 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 Lightweight Materials for EV Market Size & Forecast, 2020-2028
4.5.1 Lightweight Materials for EV Market Size and Y-o-Y Growth
4.5.2 Lightweight Materials for EV 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 And Alloys
5.2.2 Composites
5.2.3 Plastics And Elastomers
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 BEV
6.2.2 PHEV
6.2.3 HEV
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Lightweight Materials for EV 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 Lightweight Materials for EV 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 And Alloys
9.6.2 Composites
9.6.3 Plastics And Elastomers
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 BEV
9.10.2 PHEV
9.10.3 HEV
9.10.4 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 And Alloys
10.6.2 Composites
10.6.3 Plastics And Elastomers
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 BEV
10.10.2 PHEV
10.10.3 HEV
10.10.4 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 And Alloys
11.6.2 Composites
11.6.3 Plastics And Elastomers
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 BEV
11.10.2 PHEV
11.10.3 HEV
11.10.4 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 And Alloys
12.6.2 Composites
12.6.3 Plastics And Elastomers
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 BEV
12.10.2 PHEV
12.10.3 HEV
12.10.4 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 And Alloys
13.6.2 Composites
13.6.3 Plastics And Elastomers
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 BEV
13.10.2 PHEV
13.10.3 HEV
13.10.4 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 Lightweight Materials for EV Market: Competitive Dashboard
14.2 Global Lightweight Materials for EV Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SSAB AB
14.3.2 Toray Industries, Inc.
14.3.3 Arcelor Mittal S.A.
14.3.4 SABIC
14.3.5 ThyssenKrupp AG
14.3.6 Solvay S.A.
14.3.7 SGL Carbon SE
14.3.8 Covestro AG
14.3.9 DuPont de Nemours, Inc.
14.3.10 Celanese
14.3.11 Novelis Inc.
14.3.12 Nippon Steel Corporation
14.3.13 LyondellBasell Industries
14.3.14 BASF SE
14.3.15 Constellium SE
