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Automotive Lightweight Materials Market, Global Outlook and Forecast 2023-2029

Automotive Lightweight Materials Market, Global Outlook and Forecast 2023-2029

  • Published on : 25 April 2023
  • Pages :112
  • Report Code:SMR-7655104

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Report overview

The global Automotive Lightweight Materials market was valued at US$ 123180 million in 2022 and is projected to reach US$ 171950 million by 2029, at a CAGR of 4.9% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Automotive lightweight material refers to materials that exhibit high strength-to-weight ratio, superior corrosion resistance properties, and substantial design flexibility, thereby finding its application in automotive system and components. In the recent years, requirement for weight minimization & higher fuel efficiency, adhering to environmental regulations, and changing consumer sentiments toward mobility solutions as consumers demand for high-strength materials to attain the high-end operational performance are the major factors anticipated to influence automakers to focus on redesigning of materials.
This report aims to provide a comprehensive presentation of the global market for Automotive Lightweight Materials, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Automotive Lightweight Materials. This report contains market size and forecasts of Automotive Lightweight Materials in global, including the following market information:

  • Global Automotive Lightweight Materials Market Revenue, 2018-2023, 2024-2029, ($ millions)
  • Global Automotive Lightweight Materials Market Sales, 2018-2023, 2024-2029, (Tons)
  • Global top five Automotive Lightweight Materials companies in 2022 (%)

Global key players of automotive lightweight material include BASF, Thyssenkrupp, Covestro, Arcelormittal, Lyondellbasell, etc. Global top five manufacturers hold a share over 20%. The key players are mainly located in Europe, North America, China and Japan. In terms of product, aluminum alloys is the largest segment, with a share over 43%. And in terms of application, the largest application is interiors and others, with a share over 30%.
We surveyed the Automotive Lightweight Materials manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Automotive Lightweight Materials Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (Tons)
Global Automotive Lightweight Materials Market Segment Percentages, by Type, 2022 (%)

  • Aluminum Alloys
  • Magnesium Alloys
  • High Strength Steels
  • Engineering Plastics
  • Composites and Others

Global Automotive Lightweight Materials Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (Tons)
Global Automotive Lightweight Materials Market Segment Percentages, by Application, 2022 (%)

  • Body-in White
  • Chassis & Suspension
  • Powertrains and Closure
  • Interiors and Others

Global Automotive Lightweight Materials Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (Tons)
Global Automotive Lightweight Materials Market Segment Percentages, By Region and Country, 2022 (%)

  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Russia
  • Nordic Countries
  • Benelux
  • Rest of Europe
  • Asia
  • China
  • Japan
  • South Korea
  • Southeast Asia
  • India
  • Rest of Asia
  • South America
  • Brazil
  • Argentina
  • Rest of South America
  • Middle East & Africa
  • Turkey
  • Israel
  • Saudi Arabia
  • UAE
  • Rest of Middle East & Africa

Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Automotive Lightweight Materials revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Automotive Lightweight Materials revenues share in global market, 2022 (%)
Key companies Automotive Lightweight Materials sales in global market, 2018-2023 (Estimated), (Tons)
Key companies Automotive Lightweight Materials sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:

  • BASF
  • Thyssenkrupp
  • Covestro
  • Arcelormittal
  • Lyondellbasell
  • Novelis
  • Toray
  • Alcoa
  • Owens Corning
  • Borealis
  • SGL Carbon
  • DSM
  • SABIC
  • SAAB
  • Constellium

Outline of Major Chapters:
Chapter 1: Introduces the definition of Automotive Lightweight Materials, market overview.
Chapter 2: Global Automotive Lightweight Materials market size in revenue and volume.
Chapter 3: Detailed analysis of Automotive Lightweight Materials manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Automotive Lightweight Materials in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Automotive Lightweight Materials capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.