The global automotive lightweight materials market size reached US$ 67.2 Billion in 2021. Looking forward, the analyst expects the market to reach US$ 107.0 Billion by 2027, exhibiting a growth rate (CAGR) of 7.97% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Automotive lightweight materials are primarily used for replacing cast iron and conventional steel components in different types of vehicles such as electric, plug-in and hybrid electric vehicles. They are used in structural elements which enable vehicles to carry advanced safety devices, integrated electronic systems and emission control systems. The usage of lightweight materials in automobiles offsets the weight of their power systems like electric motors and batteries while improving the efficiency and increasing their all-electric range. Some of the most popular lightweight materials used in the automotive industry include high-strength steel, aluminum alloys, polymer composites, carbon fiber, magnesium alloys, etc.
With rapid environmental degradation, automotive companies across the globe are developing lighter and functional materials for improving the fuel efficiency of vehicles. The usage of lightweight materials enables manufacturers to improve vehicle efficiency, as a reduction in the weight of a car leads to significant improvement in fuel economy. Consequently, the increasing fuel prices are driving the demand for lighter vehicles. Other than this, governments of various nations have also introduced vehicle weight reduction plans in response to the need for stringent environmental regulations. Furthermore, there has been a rise in investments in R&D activities across the industry as several major players are aiming to lower the cost of these materials and increase their recyclability.
Key Market Segmentation: the analyst provides an analysis of the key trends in each sub-segment of the global automotive lightweight materials market report, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on material type, propulsion type, component, application and vehicle type.
Breakup by Material Type: Metal High Strength Steel (HSS) Aluminum Magnesium & Titanium Composite Carbon Fiber Reinforced Polymer (CFPR) Glass Fiber Reinforced Polymer (GFRP) Natural Fiber Reinforced Polymer (NFRP) Other Composites Plastic Elastomer
Breakup by Propulsion Type: IC Engine Powered Electric Powered Others
Breakup by Component: Frame Wheel Bumper Door and Seat Instrument Panel Others
Breakup by Application: Structural Interior Exterior Powertrain Others
Breakup by Vehicle Type: Passenger Vehicle Light Commercial Vehicle (LCV) Heavy Commercial Vehicle (HCV)
Breakup by Region: North America Europe Asia Pacific Middle East and Africa Latin America
Competitive Landscape: The report has also analysed the competitive landscape of the market with some of the key players being BASF SE, Magna International, Toray Industries, Covestro AG, ArcelorMittal, thyssenkrupp AG, Alcoa Corporation, Bayer AG, Saudi Arabia Basic Industries Corporation (SABIC), PPG Industries, LyondellBasell, Novelis, Owens Corning Corporation, Grupo Antolin, etc.
Key Questions Answered in This Report: How has the global automotive lightweight materials market performed so far and how will it perform in the coming years? What are the key regional markets in the global automotive lightweight materials industry? What has been the impact of COVID-19 on the global automotive lightweight materials industry? What is the breakup of the market based on the material type? What is the breakup of the market based on the propulsion type? What is the breakup of the market based on the component type? What is the breakup of the market based on the application? What is the breakup of the market based on the vehicle type? What are the various stages in the value chain of the global automotive lightweight materials industry? What are the key driving factors and challenges in the global automotive lightweight materials industry? What is the structure of the global automotive lightweight materials industry and who are the key players? What is the degree of competition in the global automotive lightweight materials industry?
Our reports have been used by over 10K customers, including:
Tied up: A projected rise in the price of synthetic fiber is forecast to increase selling prices Abstract Textile Mills in the US The Textile Mills industry includes various manufacturers of fiber, yarn and thread, fabric finishing and coating, curtain, linen and narrow fabric. Industry operators serve...
Global Textile Chemicals Market By Type (Colorants, Auxiliaries and Others), By Application (Technical Textiles, Home Textiles, Apparels and Others), By Region, Competition, Forecast and Opportunities, 2017-2027 Global textile chemicals market is expected to reach at a value of USD23.94 billion in 2027 growing at a...
The global textile market size reached US$ 936.9 Billion in 2021. Looking forward, the analyst expects the market to reach US$ 1,217.1 Billion by 2027, exhibiting a growth rate (CAGR) of 4.37% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence...
The global waterproof breathable textiles market size is expected to reach about USD 1,982.17 million in 2022 and the market is projected to register a CAGR of over 5% during the forecast period (2022- 2027). The COVID-19 pandemic affected the waterproof breathable textile market owing to disruption in the supply chain globally. During...
The Global glycol market size is expected to reach about 43,957 kilotons in 2022 and the market is projected to register a CAGR of over 5% during the forecast period (2022-2027). Major factors driving the market studied are increasing demand for polyester films, PU adhesives, and PET bottles from the packaging industry and increasing...
Abstract Uniforms Procurement in the US A uniform is a type of clothing worn by individuals to represent their membership in certain organizations or while performing certain duties. Many professionals working in healthcare facilities, food establishments, hotels, public transit, and prisons,...
500 pages •
By The Business Research Company
• Apr 2022
Major companies in the paper, plastics, rubber, wood and textile market include Nike Inc., Christian Dior SE, The Michelin Group, Adidas AG, Bridgestone Corporation, International Paper Company, Kimberly Clark Corporation, Rajesh Exports, Procter & Gamble and WestRock Company. The global paper, plastics, rubber, wood and textile market...
400 pages •
By The Business Research Company
• Apr 2022
Major companies in the textile market include Toray Industries Inc., Daiwabo Holdings Co Ltd, Mohawk Industries Inc., Ashley Furniture Industries Inc., Berkshire Hathaway Inc., Far Eastern New Century, Tarkett S.A, Beaulieu International Group, Masco Corporation and Grasim Industries Limited. The global textile market is expected to...
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.