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Global Automotive Lightweight Material Market: By Material Type: Metal, Composite, Plastic, Elastomer; By Application: Body in White, Chassis and Suspension, Powertrain, Others; By Component; By Electric Vehicle Type; Regional Analysis; Historical Market and Forecast (2017-2027); Competitive Landscape; Industry Events and Developments
Global Automotive Lightweight Material Market Outlook
The global automotive lightweight material market attained a value of USD 144.4 billion in 2020. The industry is further expected to grow at a CAGR of 7% in the forecast period of 2022-2027. The industry is expected to reach a value of USD 217 billion in 2026 owing to increasing demand for lightweight automotive products globally.
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Market Segmentation
Automotive lightweight materials help in reducing the weight of the vehicle. They finds its applications in body in white, chassis and suspension, powertrain, closures, interiors, and others.
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The automotive lightweight material industry can be segmented based on:
- Material Type
- Metal
- Composite
- Plastic
- Elastomer
- Component
- Frame
- Wheel
- Bumper and Fender
- Engine and Exhaust
- Transmission
- Doors
- Hood and Trunk Lid
- Seats
- Instrumental Panel
- Fuel Tank
- Vehicle
- Battery Electric Vehicle
- Hybrid Electric Vehicle
- Plug-In Hybrid Electric Vehicle
- Electric Truck
- Electric Bus
The EMR report examines the regional markets for automotive lightweight material like North America, Latin America, Europe, Middle East and Africa, and the Asia Pacific.
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Market Analysis
The global automotive lightweight material market is being driven by the rising technological advancements in the automotive industry. The rising disposable income has increased the purchasing power of the consumers and is hence, propelling the growth of the industry. Based on material, metal is anticipated to lead the industry. Strict emission and fuel economy regulations by the government is further leading the global automotive lightweight material industry growth.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global automotive lightweight material market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- BASF SE
- Covestro AG
- LyondellBasell Industries Holdings B.V.
- Toray Industries, Inc.
- ArcelorMittal S.A.
- thyssenkrupp AG
- Novelis Inc.
- Alcoa Corporation
- Owens Corning Ltd.
- Stratasys Ltd.
- Others
The EMR report gives an in-depth analysis of the industry by providing a SWOT analysis along with a Porter’s five forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Material Type, Application, Component, Electric Vehicle Type, Region |
| Breakup by Material Type | Metal, Composite, Plastic, Elastomer |
| Breakup by Application | Body in White, Chassis and Suspension, Powertrain, Closures, Interiors, Others |
| Breakup by Component | Frame, Wheel, Bumper & Fender, Engine & Exhaust, Transmission, Doors, Hood & Trunk Lid, Seats, Instrumental Panel, Fuel Tank |
| Breakup by Electric Vehicle Type | Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-In Hybrid Electric Vehicle, Electric Truck, Electric Bus |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | BASF SE, Covestro AG, LyondellBasell Industries Holdings B.V., Toray Industries, Inc., ArcelorMittal S.A., thyssenkrupp AG, Novelis Inc., Alcoa Corporation, Owens Corning Ltd., Stratasys Ltd., Others |
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Automotive Lightweight Material Market Analysis
8.1 Key Industry Highlights
8.2 Global Automotive Lightweight Material Historical Market (2017-2021)
8.3 Global Automotive Lightweight Material Market Forecast (2022-2027)
8.4 Global Automotive Lightweight Material Market by Material Type
8.4.1 Metal
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Composite
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Plastic
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.4.4 Elastomer
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2017-2021)
8.4.4.3 Forecast Trend (2022-2027)
8.5 Global Automotive Lightweight Material Market by Application
8.5.1 Body in White
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Chassis and Suspension
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Powertrain
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.5.4 Closures
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2017-2021)
8.5.4.3 Forecast Trend (2022-2027)
8.5.5 Interiors
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2017-2021)
8.5.5.3 Forecast Trend (2022-2027)
8.5.6 Others
8.6 Global Automotive Lightweight Material Market by Component
8.6.1 Frame
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Wheel
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.6.3 Bumper & Fender
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2017-2021)
8.6.3.3 Forecast Trend (2022-2027)
8.6.4 Engine & Exhaust
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2017-2021)
8.6.4.3 Forecast Trend (2022-2027)
8.6.5 Transmission
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2017-2021)
8.6.5.3 Forecast Trend (2022-2027)
8.6.6 Doors
8.6.6.1 Market Share
8.6.6.2 Historical Trend (2017-2021)
8.6.6.3 Forecast Trend (2022-2027)
8.6.7 Hood & Trunk Lid
8.6.7.1 Market Share
8.6.7.2 Historical Trend (2017-2021)
8.6.7.3 Forecast Trend (2022-2027)
8.6.8 Seats
8.6.8.1 Market Share
8.6.8.2 Historical Trend (2017-2021)
8.6.8.3 Forecast Trend (2022-2027)
8.6.9 Instrumental Panel
8.6.9.1 Market Share
8.6.9.2 Historical Trend (2017-2021)
8.6.9.3 Forecast Trend (2022-2027)
8.6.10 Fuel Tank
8.6.10.1 Market Share
8.6.10.2 Historical Trend (2017-2021)
8.6.10.3 Forecast Trend (2022-2027)
8.7 Global Automotive Lightweight Material Market by Electric Vehicle Type
8.7.1 Battery Electric Vehicle
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2017-2021)
8.7.1.3 Forecast Trend (2022-2027)
8.7.2 Hybrid Electric Vehicle
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2017-2021)
8.7.2.3 Forecast Trend (2022-2027)
8.7.3 Plug-In Hybrid Electric Vehicle
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2017-2021)
8.7.3.3 Forecast Trend (2022-2027)
8.7.4 Electric Truck
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2017-2021)
8.7.4.3 Forecast Trend (2022-2027)
8.7.5 Electric Bus
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2017-2021)
8.7.5.3 Forecast Trend (2022-2027)
8.8 Global Automotive Lightweight Material Market by Region
8.8.1 Market Share
8.8.1.1 North America
8.8.1.2 Europe
8.8.1.3 Asia Pacific
8.8.1.4 Latin America
8.8.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 BASF SE
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Covestro AG
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 LyondellBasell Industries Holdings B.V.
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Toray Industries, Inc.
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 ArcelorMittal S.A.
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Thyssenkrupp AG
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Novelis Inc.
12.2.7.1 Company Overview
12.2.7.2 Product Portfolio
12.2.7.3 Demographic Reach and Achievements
12.2.7.4 Certifications
12.2.8 Owens Corning
12.2.8.1 Company Overview
12.2.8.2 Product Portfolio
12.2.8.3 Demographic Reach and Achievements
12.2.8.4 Certifications
12.2.9 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Automotive Lightweight Material Market: Key Industry Highlights, 2017 and 2027
2. Global Automotive Lightweight Material Historical Market: Breakup by Material Type (USD Million), 2017-2021
3. Global Automotive Lightweight Material Market Forecast: Breakup by Material Type (USD Million), 2022-2027
4. Global Automotive Lightweight Material Historical Market: Breakup by Application (USD Million), 2017-2021
5. Global Automotive Lightweight Material Market Forecast: Breakup by Application (USD Million), 2022-2027
6. Global Automotive Lightweight Material Historical Market: Breakup by Component (USD Million), 2017-2021
7. Global Automotive Lightweight Material Market Forecast: Breakup by Component (USD Million), 2022-2027
8. Global Automotive Lightweight Material Historical Market: Breakup by Electric Vehicle Type (USD Million), 2017-2021
9. Global Automotive Lightweight Material Market Forecast: Breakup by Electric Vehicle Type (USD Million), 2022-2027
10. Global Automotive Lightweight Material Historical Market: Breakup by Region (USD Million), 2017-2021
11. Global Automotive Lightweight Material Market Forecast: Breakup by Region (USD Million), 2022-2027
12. North America Automotive Lightweight Material Historical Market: Breakup by Country (USD Million), 2017-2021
13. North America Automotive Lightweight Material Market Forecast: Breakup by Country (USD Million), 2022-2027
14. Europe Automotive Lightweight Material Historical Market: Breakup by Country (USD Million), 2017-2021
15. Europe Automotive Lightweight Material Market Forecast: Breakup by Country (USD Million), 2022-2027
16. Asia Pacific Automotive Lightweight Material Historical Market: Breakup by Country (USD Million), 2017-2021
17. Asia Pacific Automotive Lightweight Material Market Forecast: Breakup by Country (USD Million), 2022-2027
18. Latin America Automotive Lightweight Material Historical Market: Breakup by Country (USD Million), 2017-2021
19. Latin America Automotive Lightweight Material Market Forecast: Breakup by Country (USD Million), 2022-2027
20. Middle East and Africa Automotive Lightweight Material Historical Market: Breakup by Country (USD Million), 2017-2021
21. Middle East and Africa Automotive Lightweight Material Market Forecast: Breakup by Country (USD Million), 2022-2027
22. Global Automotive Lightweight Material Market Structure
Key Questions Answered in the Report
In 2020, the global automotive lightweight material market attained a value of nearly USD 144.4 billion.
The market is projected to grow at a CAGR of 7% between 2022 and 2027.
The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach about USD 217 billion by 2026.
The major drivers of the industry, such as rising disposable incomes and growing technological advancements, are expected to aid the market growth.
The key market trends guiding the growth of the automotive lightweight material industry include the rising government initiatives worldwide to minimize energy consumption and carbon emissions, which has led to the emergence of the concept of reduced vehicle weight.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Metal, composite, plastic, and elastomer are the leading material types of the product in the industry.
Body in white, chassis and suspension, powertrain, closures, and interiors, among others, are the significant application segments of the product.
Frame, wheel, bumper and fender, engine and exhaust, transmission, doors, hood and trunk lid, seats, instrumental panel, and fuel tank are the major components of the product in the industry.
Battery electric vehicle, hybrid electric vehicle, plug-in hybrid electric vehicle, electric truck, and electric bus are the significant electric vehicle types of the product.
The major players in the industry are 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.
Analyst Review
The global automotive lightweight material market attained a value of USD 144.4 billion in 2020, driven by the growing technological advancements. Aided by the rising favourable government initiatives worldwide, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 7%. The market is projected to reach USD 217 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on material types, the automotive lightweight material industry can be segmented into metal, composite, plastic, and elastomer. On the basis of applications, the industry is divided into body in white, chassis and suspension, powertrain, closures, interiors, and others. By components, the industry is segregated into frame, wheel, bumper and fender, engine and exhaust, transmission, doors, hood and trunk lid, seats, instrumental panel, and fuel tank. On the basis of electric vehicle types, the industry is divided into battery electric vehicle, hybrid electric vehicle, plug-in hybrid electric vehicle, electric truck, and electric bus. The major regional markets for automotive lightweight material are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above 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., Stratasys Ltd., and others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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