Global Automotive Lightweight Materials
Market Report
2024
The global automotive lightweight materials market size will be USD 80.2 billion in 2024. The automotive lightweight materials market will show the strongest growth with a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031. This growth can be attributed to increasing dependence on strict emission standards
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Automotive Lightweight Materials Market Sales Revenue 2024 | $ 80.2 Billion |
Global Automotive Lightweight Materials Market Sales Revenue 2030 | $ 116.39 Billion |
Global Automotive Lightweight Materials Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.2% |
Market Split by Material |
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Market Split by Application |
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Market Split by Components |
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Market Split by Vehicle Type |
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Market Split by Electric & Hybrid Vehicle Type |
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Market Split by Electric Vehicle by Material Type |
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Market Split by UAV by Material Type |
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Market Split by Micro Mobility by Material Type |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Automotive Lightweight Materials industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Automotive Lightweight Materials Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The cars can benefit from the durability and lightweight qualities provided by the composites section without compromising design or dynamics. Composites are becoming more popular in the car industry since they provide strong qualities to automobiles and are simple to form. The market for composites is anticipated to be impacted by the increase in the manufacture of electric vehicles. Because of their growing use in passenger automobiles and commercial vehicles, the elastomers segment is anticipated to develop in the forecast period. It is projected that the demand for the items will rise due to the growing demand for luxury sedans and passenger automobiles. Vehicle stiffness is increased through the employment of metallic structures, which provide stability and longevity. The demand for metallic materials is anticipated to be supported by worries about passenger safety as well as the growing trend of the highest safety-rated automobiles being adopted in Europe and Asia Pacific.
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In October 2022, the vehicle's weight has been lowered by 10 kg thanks to a P.P. compound produced by LyondellBasell Industries Holdings B.V. It can be used to replace metal, thin the walls of components, foam parts, lower material density, and remove paint from automobiles. (Source: https://www.lyondellbasell.com/en/products-technology/polymers/resin-type/polypropylene-compounds/)
Top Companies Market Share in Automotive Lightweight Materials Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America has some of the harshest emission and fuel economy standards in the world, especially between the U.S. and Canada. Manufacturers of automobiles are under pressure to achieve these regulations, and one important technique to lower vehicle weight and increase fuel efficiency is by using lightweight materials.
Asia-Pacific stands out as the fastest-growing region in the automotive lightweight materials market due to growing urbanization and disposable money driving an automobile production boom in the Asia-Pacific area, especially in China and India. The increase in automobile production is driving the need for lightweight materials to meet efficiency and fuel economy criteria.
The current report Scope analyzes Automotive Lightweight Materials Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Automotive Lightweight Materials Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Automotive Lightweight Materials Industry growth. Automotive Lightweight Materials market has been segmented with the help of its Material, Application Components, and others. Automotive Lightweight Materials market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Automotive Lightweight Materials market.
Material of Automotive Lightweight Materials analyzed in this report are as follows:
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Automotive Lightweight Materials Industry. Request a Free Sample PDF!
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Automotive Lightweight Materials from 2019 to 2031. This will also help to analyze the demand for Automotive Lightweight Materials across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Application of Automotive Lightweight Materials are:
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Automotive Lightweight Materials market report 2024 Edition by contacting our team.
According to cognitive market research, passenger cars are the dominant category. When it comes to emissions and fuel efficiency, passenger cars are subject to harsher rules than commercial vehicles. Lightweight materials are very important in this market category since lighter weight results in higher fuel efficiency and fewer emissions. In passenger cars, customers are seeking a balance between comfort and performance. This is made possible by lightweight materials, which reduce weight without sacrificing functionality or security. Compared to LCVs and HCVs, the global passenger car market sees a far higher manufacturing volume. This indicates that there would be a higher need in this market for lightweight materials. .
Research Analyst at Cognitive Market Research
I am a research analyst working in the Transport & Logistics domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
I am committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that my skills remain sharp and relevant. I spearheaded research initiatives focused on market trends, customer behavior, and competitive landscapes. I have a demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams, I played a pivotal role in shaping successful projects that hinged on robust research and analysis.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Automotive Lightweight Materials Market is witnessing significant growth in the near future.
In 2023, the Metals segment accounted for noticeable share of global Automotive Lightweight Materials Market and is projected to experience significant growth in the near future.
The Body in White segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies BASF SE (Germany), Toray Industries and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Material | Metals, Composites, Plastic, Elastomers |
Application | Body in White, Chassis and Suspension, Powertrains, Closures, Interiors |
Components | Frames, Wheels, Bumpers and Fenders, Engines and Exhausts, Transmission, Doors, Hood and Trunk Lids, Seats, Instrumental Panels, Fuel Tanks |
Vehicle Type | Passenger Vehicles, Light Commercial Vehicles, Trucks, Buses |
Electric & Hybrid Vehicle Type | BEV, PHEV, FCEV, Truck, Bus |
Electric Vehicle by Material Type | Metal, Aluminum, Composite, Plastic, Elastomer |
UAV by Material Type | Aluminum, Composite, Plastics, Others |
Micro Mobility by Material Type | Aluminum, Composite, Plastics, Others |
List of Competitors | BASF SE (Germany), LyondellBasell Industries Holdings B.V. (Netherlands), Toray Industries, Inc. (Japan), ArcelorMittal (Germany) |
This chapter will help you gain GLOBAL Market Analysis of Automotive Lightweight Materials. Further deep in this chapter, you will be able to review Global Automotive Lightweight Materials Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Automotive Lightweight Materials Market Trends North America Automotive Lightweight Materials Technological Road Map North America Automotive Lightweight Materials Market Drivers North America Automotive Lightweight Materials Market Restraints North America Automotive Lightweight Materials Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Material Analysis 2019 -2031, will provide market size split by Material. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Material Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Components Analysis 2019 -2031
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Chapter 13 Market Split by Vehicle Type Analysis 2019 -2031
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Chapter 14 Market Split by Electric & Hybrid Vehicle Type Analysis 2019 -2031
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Chapter 15 Market Split by Electric Vehicle by Material Type Analysis 2019 -2031
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Chapter 16 Market Split by UAV by Material Type Analysis 2019 -2031
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Chapter 17 Market Split by Micro Mobility by Material Type Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Automotive Lightweight Materials market
Chapter 18 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Metals have a significant impact on Automotive Lightweight Materials market? |
What are the key factors affecting the Metals and Composites of Automotive Lightweight Materials Market? |
What is the CAGR/Growth Rate of Body in White during the forecast period? |
By type, which segment accounted for largest share of the global Automotive Lightweight Materials Market? |
Which region is expected to dominate the global Automotive Lightweight Materials Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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