The global automotive lightweight material market is growing rapidly due to the increasing demand for lightweight automotive products globally. Governments are constantly working to reduce rising levels of pollution caused by vehicle emissions. Furthermore, the rising fuel prices, the introduction of emission standards, and the financial implications of adhering to these standards are expected to fuel the demand for lightweight materials in the automotive industry over the forecast period.
The Middle East and Africa is expected to be one of the fastest-growing regions in the market. The growth in this regional market is driven by the rapid industrialization and the establishment of manufacturing units by various conglomerates like the Cytec Solvay Group. It is expected that the growing software industry will increase the market demand. Europe is one of the leading regions in the market for lightweight materials. Together with growing innovation in lightweight materials used in aviation, the involvement of major car manufacturers is expected to drive the demand for products in this area. It is expected that the growing focus on renewable energy would increase the use of lightweight materials in the energy sector.
BASF SE (OTCMKTS: BASFY), one of the key players in the automotive lightweight material market, is increasing its presence in emerging markets to meet local needs while continuing to invest in developed economies. BASF SE products aid this development with safety-enhanced lightweight consumer goods materials.
Market Analysis by Material Type, Application, Component, Electric Vehicle Type, and Region:
Key Findings of the Report:
Key Offerings of the Report:
The key players in the global automotive lightweight material market include BASF SE, Covestro AG, LyondellBasell Industries Holdings B.V., Toray Industries, Inc., ArcelorMittal S.A., thyssenkrupp AG, Novelis Inc., Alcoa Corporation, Owens Corning Ltd., and Stratasys Ltd. among others. The comprehensive report covers their market share, capacity, and latest developments like mergers, acquisitions and investments, capacity expansions, and plant turnarounds.
EMR is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade, and market data globally.
At EMR, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable, and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals, which include Pharmaceuticals, Food, and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging, and Agriculture.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
"Global Automotive Lightweight Material Market: By Material Type: Metal, Composite, Plastic, Elastomer; By Application: Body in White, Chassis and Suspension, Powertrain, Closures, Interiors, Others; By Component: Frame, Wheel, Bumper & Fender, Engine & Exhaust, Transmission,Doors, Hood & Trunk Lid, Seats, Instrumental Panel, Fuel Tank; By Vehicle Type: Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-In Hybrid Electric Vehicle, Electric Truck, Electric Bus; By Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa; Historical Supply and Demand (2015-2019); Supply and Demand Forecast (2020-2025); SWOT Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Events and Developments"
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
The United States electric vehicle charging infrastructure (EVCI) industry attained a value of USD 2 billion in 2019. The industry is further expected to grow in the forecast period of 2020-2025 at a ...
The global transportation management systems market attained a value of USD 71 billion in 2019. The transportation management systems market is further expected to grow in the forecast period of 2020-...
The global vehicle-to-everything (V2X) communication system market is estimated to grow at a CAGR of almost 15.6% in the forecast period of 2020-2025. The global vehicle-to-everything (V2X) communicat...
The global vehicle access control market was valued at nearly USD 10.5 billion in 2019 and is further expected to grow at a CAGR of 11% during the forecasted period of 2020-2025 to reach USD 19.6 bill...
The global vehicle electrification market was valued at nearly USD 70.84 billion in 2019. The vehicle electrification market is further projected to grow at a CAGR of 9% during the forecast period of ...