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

Global Automotive Lightweight Material Market Key Insights:

Market Outlook

The global automotive lightweight material market attained a value of USD 144.4 billion in 2019. The industry is further expected to grow at a CAGR of 7% in the forecast period of 2020-2025. The industry is expected to reach a value of USD 217 billion in 2025 owing to increasing demand for lightweight automotive products globally.

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Properties and Applications

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.

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.

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.

Key Questions Answered in the Report:

• How has the global automotive lightweight material industry performed in the previous years (2015-2019)?
• What is the forecasted assessment of the industry for 2020-2025?
• What are the major drivers in the historical (2015-2019) and forecast (2020-2025) periods?
• What are the major constraints in the historical (2015-2019) and forecast (2020-2025) periods?
• What are the major price indicators of the global automotive lightweight material industry?
• What are the major demand indicators of the global industry?
• What are the key manufacturers of automotive lightweight material in the global industry?
• What is the degree of competition in the global industry?
• What are the major events and developments taking place within the global industry?

Introduction

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Our approach gives our clients a comprehensive assessment of the prevailing and projected market conditions through the collection, collation, and analysis of data from trusted sources.

Price Assessment

We assess the historical, prevailing, and expected prices of commodities and raw materials by analysing our assiduously collected data from verified primary and secondary sources. Our assessments reflect the market values of related commodities within a region to help our consumers understand the interdependencies and formulate profitable market strategies. Our price assessments cover both the average global prices along with the prevailing regional prices.

Market Assessment

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Secondary Research

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Exigent Data Assessment

Our qualitative and quantitative assessments are time-sensitive, reflecting the most recent value and volume of the market across regions. By constantly updating our databases and reports to reflect the changes taking place in the market, our market and price assessments accurately reflect the prevailing industry conditions.

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