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Report Overview

The global automotive lightweight material market attained a value of nearly USD 202.52 Billion in 2025. The market is further expected to grow at a CAGR of 7.00% during the forecast period of 2026-2035 to reach a value of USD 398.39 Billion by 2035.

2025

Base Year

2019-2025

Historical Period

2026-2035

Forecast Period

  • Automotive lightweight materials, such as aluminium and composites, improve vehicle fuel efficiency by reducing weight, thereby enhancing energy consumption. According to the Electric Vehicle Council (2024), the shift towards lighter materials aligns with the rising demand for electric vehicles (EVs), expected to make up 30% of vehicle sales in Australia by 2030.

  • The adoption of lightweight materials boosts vehicle performance by improving acceleration, handling, and overall driving experience. The European Automobile Manufacturers Association reported a rise in U.S. car production by 8.5% in 2023, reaching 7,629,525 units, indicating growing demand for better-performing, lighter vehicles.

  • Lightweight materials help reduce manufacturing costs through fuel savings and improved productivity. In India, the world's fourth-largest car producer, with 4.6 million vehicles produced in 2023, the use of such materials contributes to making production more cost-effective while meeting growing consumer demand for affordable and efficient cars.

Compound Annual Growth Rate

7%

Value in USD Billion

2026-2035


*this image is indicative*

Global Automotive Lightweight Material Market Report Summary Description Value
Base Year USD Billion 2025
Historical Period USD Billion 2019-2025
Forecast Period USD Billion 2026-2035
Market Size 2025 USD Billion 202.52
Market Size 2035 USD Billion 398.39
CAGR 2019-2025 Percentage XX%
CAGR 2026-2035 Percentage 7.00%
CAGR 2026-2035 - Market by Region Asia Pacific 7.6%
CAGR 2026-2035 - Market by Country China 8.2%
CAGR 2026-2035 - Market by Country India 7.2%
CAGR 2026-2035 - Market by Type Composite 7.7%
CAGR 2026-2035 - Market by Vehicle Type Electric Vehicle 17.9%
Market Share by Country 2025 Germany 4.8%

Key Trends and Developments

Automotive Lightweight Material Market

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Market Segmentation

Automotive Lightweight Material Market Report and Forecast 2026-2035 offers a detailed analysis of the market based on the following segments:

Market Breakup by Material Type

  • Metal
  • Composite
  • Plastic
  • Elastomer

Market Breakup by Application

  • Body in White
  • Chassis and Suspension
  • Powertrain
  • Closures
  • Interiors
  • Others

Market Breakup by Component

  • Frame
  • Wheel
  • Bumper & Fender
  • Engine & Exhaust
  • Transmission
  • Doors
  • Hood & Trunk Lid
  • Seats
  • Instrumental Panel
  • Fuel Tank

Market Breakup by Vehicle Type

  • Electric Vehicle
    • Battery Electric Vehicle
    • Hybrid Electric Vehicle
    • Plug-In Hybrid Electric Vehicle
  • IC Engine Vehicle

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Automotive Lightweight Material Market By Segments

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CAGR 2026-2035 - Market by Country
China 8.2%
India 7.2%
Canada 6.7%
Germany 6.3%
Australia 5.9%
USA XX%
UK XX%
France XX%
Italy XX%
Japan XX%
Saudi Arabia XX%
Brazil XX%
Mexico XX%

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 automotive lightweight material market key players concentrate on developing chemicals, materials, and solutions for diverse industries such as automotive, agriculture, and healthcare. Their innovations are designed to support sustainable development, offering products that enhance energy efficiency and promote environmental protection.

BASF SE

BASF SE, headquartered in Ludwigshafen, Germany, was established in 1865. As the world’s largest chemical producer, BASF focuses on creating chemicals, materials, and solutions across various industries, including automotive, agriculture, and healthcare. Its innovations aim to contribute to sustainable development, providing products for energy efficiency and environmental protection.

Covestro AG

Covestro AG, based in Leverkusen, Germany, was founded in 2015. Originally a part of Bayer, the company focuses on high-performance polymers and materials, such as polyurethanes and polycarbonates. Covestro serves various industries, including automotive, construction, and electronics, aiming to drive innovation while promoting sustainability and circular economy solutions.

LyondellBasell Industries Holdings B.V.

LyondellBasell Industries, headquartered in Rotterdam, Netherlands, was founded in 1955. A global leader in chemicals and polymers, the company produces essential materials for a range of industries, including automotive, packaging, and electronics. LyondellBasell is committed to advancing innovation, sustainability, and the development of circular economies in its production processes.

Toray Industries, Inc.

Toray Industries, Inc., established in 1926 and headquartered in Tokyo, Japan, is a leading manufacturer of fibres, textiles, and advanced materials. Toray develops innovative solutions across various sectors, including automotive, healthcare, and electronics. The company is committed to sustainability and environmental preservation, offering products that contribute to a sustainable future.

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other key players in the automotive lightweight material market report are ArcelorMittal S.A., Thyssenkrupp AG, Novelis Inc, Owens Corning, Alcoa Corporation, and Stratasys Ltd., among others.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2025, the global automotive lightweight material market attained a value of nearly USD 202.52 Billion.

The market is projected to grow at a CAGR of 7.00% between 2026 and 2035.

The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach about USD 398.39 Billion by 2035.

The major drivers of the market include rising disposable incomes and growing technological advancements.

The key market trends guiding the growth of the automotive lightweight material market 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 market 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 market.

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 market.

Electric vehicle and IC engine vehicle are the significant vehicle types of the product.

The major players in the market are BASF SE, Covestro AG, LyondellBasell Industries Holdings B.V., Toray Industries, Inc., ArcelorMittal S.A., Thyssenkrupp AG, Novelis Inc, Owens Corning, Alcoa Corporation, Stratasys Ltd. and Others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2025
Historical Period 2019-2025
Forecast Period 2026-2035
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Material Type
  • Application
  • Component
  • 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 Vehicle Type
  • Electric Vehicle
    • Battery Electric Vehicle
    • Hybrid Electric Vehicle
    • Plug-In Hybrid Electric Vehicle
  • IC Engine Vehicle
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
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
  • Owens Corning
  • Alcoa Corporation
  • Stratasys Ltd.
  • Others
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