Market Overview:
The global lightweight automotive materials market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for fuel-efficient and lightweight vehicles across the globe. In addition, stringent government regulations mandating use of lightweight materials in vehicles are also contributing to the growth of this market. The global lightweight automotive materials market is segmented on the basis of type, application, and region. On the basis of type, aluminum accounts for a major share in this market owing to its high strength-to-weight ratio and corrosion resistance properties. HSS (high strength steel), magnesium/titanium, engineering plastics, high performance plastics, rubber composites are other major types of material used in manufacturing light weight vehicles.
Product Definition:
Lightweight automotive materials are used to reduce the weight of a car, making it more fuel-efficient. The most common types of lightweight automotive materials are aluminum and carbon fiber.
Aluminum:
Aluminum is a metal and has the highest melting point of any element. It is soft and can be easily worked, but it's strong enough to support itself. It can be cast into shapes or drawn into wire form. The most common alloys include aluminum-tin, aluminum-copper, and copper-zinc.
HSS:
High strength steel (HSS) is a type of steel that possesses high yield strength and low-temperature toughness. HSS can be used to produce various components in lightweight automotive materials, which are expected to find applications in the automobile industry. The major application areas include chassis, body structure, drive trains & transmission systems and engine blocks for gasoline or diesel power plants.
The global lightweight automotive materials market size was valued at USD 32 billion in 2015.
Application Insights:
The chassis and suspension segment accounted for the largest revenue share in 2017. This is attributed to the growing demand for lightweight materials in this application as they help reduce vehicle weight, thereby improving fuel efficiency. In addition, increasing production of electric vehicles is expected to drive growth over the forecast period.
Body-in-white (BiW) includes various components that are integral to an automobile¢â‚¬â„¢s structure such as doors, bonnet/hood lids and tailgates/boot lids along with their frames and panels. The aforementioned parts are made from lightweight materials owing to their low mass which reduces overall vehicle weight resulting in improved fuel efficiency.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The region accounted for a share of more than 60% in terms of revenue in 2017 owing to high demand from key automotive markets including China, India, and Japan. In addition, rising disposable income levels coupled with increasing population are likely to boost automobile sales across this region which is further anticipated to drive product demand during the forecast period.
Europe was estimated as one of the significant regions in 2017 on account of presence of major automobile manufacturers such as BMW Group; Mercedes Benz AG; Audi AG; Volkswagen Group (Audi, Volkswagen); Volvo Car Corporation; FCA Italy S.p.A.; Jaguar Land Rover Limited and Porsche Cars North America Operations GmbH & Co., Inc.
Growth Factors:
- Increasing demand for lightweight automotive materials from the automotive industry to reduce the overall weight of the vehicle and improve fuel efficiency.
- Rising demand for electric vehicles which require lighter weight materials to improve range and performance.
- Growing popularity of carbon fiber reinforced plastics (CFRP) in lightweighting applications due to its high strength-to-weight ratio and corrosion resistance properties.
- Development of new manufacturing technologies that can produce lightweight automotive materials at lower costs, making them more affordable for automakers.
Scope Of The Report
Report Attributes
Report Details
Report Title
Lightweight Automotive Materials Market Research Report
By Type
Aluminum, HSS, Magnesium/Titanium, Engineering Plastics, High Performance Plastics, Rubber, Composites, Other
By Application
Body-in White, Chassis & Suspension, Powertrains and Closure, Interiors, Other
By Companies
BASF SE, ThyssenKrupp AG, Covestro AG, ArcelorMittal S.A, Lyondellbasell N.V, Novelis, SGL Carbon, Toray Industries, PPG Industries, Alcoa Inc, Owens Corning, Borealis
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Lightweight Automotive Materials Market Report Segments:
The global Lightweight Automotive Materials market is segmented on the basis of:
Types
Aluminum, HSS, Magnesium/Titanium, Engineering Plastics, High Performance Plastics, Rubber, Composites, Other
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
Body-in White, Chassis & Suspension, Powertrains and Closure, Interiors, Other
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:
- BASF SE
- ThyssenKrupp AG
- Covestro AG
- ArcelorMittal S.A
- Lyondellbasell N.V
- Novelis
- SGL Carbon
- Toray Industries
- PPG Industries
- Alcoa Inc
- Owens Corning
- Borealis
Highlights of The Lightweight Automotive Materials 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:
- Aluminum
- HSS
- Magnesium/Titanium
- Engineering Plastics
- High Performance Plastics
- Rubber
- Composites
- Other
- By Application:
- Body-in White
- Chassis & Suspension
- Powertrains and Closure
- Interiors
- Other
- 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 Automotive Materials 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.
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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 automotive materials are a type of composite material that is made up of multiple lightweight materials. These materials can be used to create vehicles that are lighter and more fuel efficient.
Some of the major companies in the lightweight automotive materials market are BASF SE, ThyssenKrupp AG, Covestro AG, ArcelorMittal S.A, Lyondellbasell N.V, Novelis, SGL Carbon, Toray Industries, PPG Industries, Alcoa Inc, Owens Corning, Borealis.
The lightweight automotive materials market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Lightweight Automotive Materials Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Lightweight Automotive Materials Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Lightweight Automotive Materials Market - Supply Chain
4.5. Global Lightweight Automotive Materials Market Forecast
4.5.1. Lightweight Automotive Materials Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Lightweight Automotive Materials Market Size (000 Units) and Y-o-Y Growth
4.5.3. Lightweight Automotive Materials Market Absolute $ Opportunity
5. Global Lightweight Automotive Materials Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Lightweight Automotive Materials Market Size and Volume Forecast by Type
5.3.1. Aluminum
5.3.2. HSS
5.3.3. Magnesium/Titanium
5.3.4. Engineering Plastics
5.3.5. High Performance Plastics
5.3.6. Rubber
5.3.7. Composites
5.3.8. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Lightweight Automotive Materials Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Lightweight Automotive Materials Market Size and Volume Forecast by Application
6.3.1. Body-in White
6.3.2. Chassis & Suspension
6.3.3. Powertrains and Closure
6.3.4. Interiors
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Lightweight Automotive Materials Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Lightweight Automotive Materials Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Lightweight Automotive Materials Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Lightweight Automotive Materials Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Lightweight Automotive Materials Demand Share Forecast, 2019-2029
9. North America Lightweight Automotive Materials Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Lightweight Automotive Materials Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Lightweight Automotive Materials Market Size and Volume Forecast by Application
9.4.1. Body-in White
9.4.2. Chassis & Suspension
9.4.3. Powertrains and Closure
9.4.4. Interiors
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Lightweight Automotive Materials Market Size and Volume Forecast by Type
9.7.1. Aluminum
9.7.2. HSS
9.7.3. Magnesium/Titanium
9.7.4. Engineering Plastics
9.7.5. High Performance Plastics
9.7.6. Rubber
9.7.7. Composites
9.7.8. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Lightweight Automotive Materials Demand Share Forecast, 2019-2029
10. Latin America Lightweight Automotive Materials Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Lightweight Automotive Materials Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Lightweight Automotive Materials Market Size and Volume Forecast by Application
10.4.1. Body-in White
10.4.2. Chassis & Suspension
10.4.3. Powertrains and Closure
10.4.4. Interiors
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Lightweight Automotive Materials Market Size and Volume Forecast by Type
10.7.1. Aluminum
10.7.2. HSS
10.7.3. Magnesium/Titanium
10.7.4. Engineering Plastics
10.7.5. High Performance Plastics
10.7.6. Rubber
10.7.7. Composites
10.7.8. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Lightweight Automotive Materials Demand Share Forecast, 2019-2029
11. Europe Lightweight Automotive Materials Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Lightweight Automotive Materials Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Lightweight Automotive Materials Market Size and Volume Forecast by Application
11.4.1. Body-in White
11.4.2. Chassis & Suspension
11.4.3. Powertrains and Closure
11.4.4. Interiors
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Lightweight Automotive Materials Market Size and Volume Forecast by Type
11.71. Aluminum
11.7.2. HSS
11.7.3. Magnesium/Titanium
11.7.4. Engineering Plastics
11.7.5. High Performance Plastics
11.7.6. Rubber
11.7.7. Composites
11.7.8. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Lightweight Automotive Materials Demand Share, 2019-2029
12. Asia Pacific Lightweight Automotive Materials Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Lightweight Automotive Materials Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Lightweight Automotive Materials Market Size and Volume Forecast by Application
12.4.1. Body-in White
12.4.2. Chassis & Suspension
12.4.3. Powertrains and Closure
12.4.4. Interiors
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Lightweight Automotive Materials Market Size and Volume Forecast by Type
12.7.1. Aluminum
12.7.2. HSS
12.7.3. Magnesium/Titanium
12.7.4. Engineering Plastics
12.7.5. High Performance Plastics
12.7.6. Rubber
12.7.7. Composites
12.7.8. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Lightweight Automotive Materials Demand Share, 2019-2029
13. Middle East & Africa Lightweight Automotive Materials Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Lightweight Automotive Materials Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Lightweight Automotive Materials Market Size and Volume Forecast by Application
13.4.1. Body-in White
13.4.2. Chassis & Suspension
13.4.3. Powertrains and Closure
13.4.4. Interiors
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Lightweight Automotive Materials Market Size and Volume Forecast by Type
13.7.1. Aluminum
13.7.2. HSS
13.7.3. Magnesium/Titanium
13.7.4. Engineering Plastics
13.7.5. High Performance Plastics
13.7.6. Rubber
13.7.7. Composites
13.7.8. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Lightweight Automotive Materials Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Lightweight Automotive Materials Market: Market Share Analysis
14.2. Lightweight Automotive Materials Distributors and Customers
14.3. Lightweight Automotive Materials Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BASF SE
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ThyssenKrupp AG
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Covestro AG
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. ArcelorMittal S.A
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Lyondellbasell N.V
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Novelis
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. SGL Carbon
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Toray Industries
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. PPG Industries
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Alcoa Inc
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Owens Corning
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Borealis
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
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