The global Automotive Lightweight Material market was valued at US$ 123180 million in 2022 and is projected to reach US$ 252750 million by 2029, at a CAGR of 10.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The USA market for Global Automotive Lightweight Material market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The China market for Global Automotive Lightweight Material market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The Europe market for Global Automotive Lightweight Material market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
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 Material, 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 Material. This report contains market size and forecasts of Automotive Lightweight Material in global, including the following market information:
- Global Automotive Lightweight Material Market Revenue, 2018-2023, 2024-2030, ($ millions)
- Global Automotive Lightweight Material Market Sales, 2018-2023, 2024-2030, (K MT)
- Global top five Automotive Lightweight Material 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 32%.
We surveyed the Automotive Lightweight Material 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 Material Market, by Type, 2018-2023, 2024-2030 ($ Millions) & (K MT)
Global Automotive Lightweight Material Market Segment Percentages, by Type, 2022 (%)
- Metal
- Composite
- Rubber
- Plastic
Global Automotive Lightweight Material Market, by Application, 2018-2023, 2024-2030 ($ Millions) & (K MT)
Global Automotive Lightweight Material Market Segment Percentages, by Application, 2022 (%)
Global Automotive Lightweight Material Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions) & (K MT)
Global Automotive Lightweight Material Market Segment Percentages, By Region and Country, 2022 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Automotive Lightweight Material revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies Automotive Lightweight Material revenues share in global market, 2022 (%)
- Key companies Automotive Lightweight Material sales in global market, 2018-2023 (Estimated), (K MT)
- Key companies Automotive Lightweight Material sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- BASF (Germany)
- ThyssenKrupp (Germany)
- Covestro (Germany)
- ArcelorMittal (Luxembourg)
- Lyondellbasell (US)
- Novelis (US)
- Toray Industries (Japan)
- PPG Industries (US)
- Alcoa (US)
- Owens Corning (US)
Outline of Major Chapters:
Chapter 1: Introduces the definition of Automotive Lightweight Material, market overview.
Chapter 2: Global Automotive Lightweight Material market size in revenue and volume.
Chapter 3: Detailed analysis of Automotive Lightweight Material 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 Material 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 Material 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.