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PUBLISHER: IMARC | PRODUCT CODE: 1291279
PUBLISHER: IMARC | PRODUCT CODE: 1291279
Automotive Lightweight Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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PAGES: 134 Pages
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Market Overview:
The global automotive lightweight materials market size reached US$ 73.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 115.0 Billion by 2028, exhibiting a growth rate (CAGR) of 7.7% during 2023-2028.
Automotive lightweight materials are primarily used for replacing cast iron and conventional steel components in different types of vehicles such as electric, plug-in and hybrid electric vehicles. They are used in structural elements which enable vehicles to carry advanced safety devices, integrated electronic systems and emission control systems. The usage of lightweight materials in automobiles offsets the weight of their power systems like electric motors and batteries while improving the efficiency and increasing their all-electric range. Some of the most popular lightweight materials used in the automotive industry include high-strength steel, aluminum alloys, polymer composites, carbon fiber, magnesium alloys, etc.
With rapid environmental degradation, automotive companies across the globe are developing lighter and functional materials for improving the fuel efficiency of vehicles. The usage of lightweight materials enables manufacturers to improve vehicle efficiency, as a reduction in the weight of a car leads to significant improvement in fuel economy. Consequently, the increasing fuel prices are driving the demand for lighter vehicles. Other than this, governments of various nations have also introduced vehicle weight reduction plans in response to the need for stringent environmental regulations. Furthermore, there has been a rise in investments in R&D activities across the industry as several major players are aiming to lower the cost of these materials and increase their recyclability.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive lightweight materials market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on material type, propulsion type, component, application and vehicle type.
Breakup by Material Type:
- Metal
- High Strength Steel (HSS)
- Aluminum
- Magnesium & Titanium
- Composite
- Carbon Fiber Reinforced Polymer (CFPR)
- Glass Fiber Reinforced Polymer (GFRP)
- Natural Fiber Reinforced Polymer (NFRP)
- Other Composites
- Plastic
- Elastomer
Breakup by Propulsion Type:
- IC Engine Powered
- Electric Powered
- Others
Breakup by Component:
- Frame
- Wheel
- Bumper
- Door and Seat
- Instrument Panel
- Others
Breakup by Application:
- Structural
- Interior
- Exterior
- Powertrain
- Others
Breakup by Vehicle Type:
- Passenger Vehicle
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle (HCV)
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being BASF SE, Magna International, Toray Industries, Covestro AG, ArcelorMittal, thyssenkrupp AG, Alcoa Corporation, Bayer AG, Saudi Arabia Basic Industries Corporation (SABIC), PPG Industries, LyondellBasell, Novelis, Owens Corning Corporation, Grupo Antolin, etc.
Key Questions Answered in This Report:
- What was the size of the global automotive lightweight materials market in 2022?
- What is the expected growth rate of the global automotive lightweight materials market during 2023-2028?
- What has been the impact of COVID-19 on the global automotive lightweight materials market?
- What are the key factors driving the global automotive lightweight materials market?
- What is the breakup of the global automotive lightweight materials market based on the material type?
- What is the breakup of the global automotive lightweight materials market based on propulsion type?
- What is the breakup of the global automotive lightweight materials market based on the application?
- What is the breakup of the global automotive lightweight materials market based on the vehicle type?
- What are the key regions in the global automotive lightweight materials market?
- Who are the key players/companies in the global automotive lightweight materials market?
Product Code: SR112023A1536
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Automotive Lightweight Materials Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Breakup by Material Type
- 5.5 Market Breakup by Propulsion Type
- 5.6 Market Breakup by Component
- 5.7 Market Breakup by Application
- 5.8 Market Breakup by Vehicle Type
- 5.9 Market Breakup by Region
- 5.10 Market Forecast
6 Market Breakup by Material Type
- 6.1 Metal
- 6.1.1 Market Trends
- 6.1.2 Market Breakup by Type
- 6.1.2.1 High Strength Steel (HSS)
- 6.1.2.2 Aluminum
- 6.1.2.3 Magnesium and Titanium
- 6.1.3 Market Forecast
- 6.2 Composite
- 6.2.1 Market Trends
- 6.2.2 Market Breakup by Type
- 6.2.2.1 Carbon Fiber Reinforced Polymer (CFPR)
- 6.2.2.2 Glass Fiber Reinforced Polymer (GFRP)
- 6.2.2.3 Natural Fiber Reinforced Polymer (NFRP)
- 6.2.2.4 Others
- 6.2.3 Market Forecast
- 6.3 Plastic
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Elastomer
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by Propulsion Type
- 7.1 IC Engine Powered
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Electric Powered
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Others
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Component
- 8.1 Frame
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Wheel
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Bumper
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Door and Seat
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Instrument Panel
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Others
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
9 Market Breakup by Application
- 9.1 Structural
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Interior
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Exterior
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Powertrain
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Others
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
10 Market Breakup by Vehicle Type
- 10.1 Passenger Vehicle
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 Light Commercial Vehicle (LCVs)
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 10.3 Heavy Commercial Vehicle (HCVs)
- 10.3.1 Market Trends
- 10.3.2 Market Forecast
11 Market Breakup by Region
- 11.1 North America
- 11.1.1 Market Trends
- 11.1.2 Market Forecast
- 11.2 Europe
- 11.2.1 Market Trends
- 11.2.2 Market Forecast
- 11.3 Asia Pacific
- 11.3.1 Market Trends
- 11.3.2 Market Forecast
- 11.4 Middle East and Africa
- 11.4.1 Market Trends
- 11.4.2 Market Forecast
- 11.5 Latin America
- 11.5.1 Market Trends
- 11.5.2 Market Forecast
12 SWOT Analysis
- 12.1 Overview
- 12.2 Strengths
- 12.3 Weaknesses
- 12.4 Opportunities
- 12.5 Threats
13 Value Chain Analysis
14 Porter's Five Forces Analysis
- 14.1 Overview
- 14.2 Bargaining Power of Buyers
- 14.3 Bargaining Power of Suppliers
- 14.4 Degree of Competition
- 14.5 Threat of New Entrants
- 14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
- 16.1 Market Structure
- 16.2 Key Players
- 16.3 Profiles of Key Players
- 16.3.1 BASF SE
- 16.3.2 Magna International
- 16.3.3 Toray Industries
- 16.3.4 Covestro AG
- 16.3.5 ArcelorMittal
- 16.3.6 thyssenkrupp AG
- 16.3.7 Alcoa Corporation
- 16.3.8 Bayer AG
- 16.3.9 Saudi Arabia Basic Industries Corporation (SABIC)
- 16.3.10 PPG Industries
- 16.3.11 LyondellBasell
- 16.3.12 Novelis
- 16.3.13 Owens Corning Corporation
- 16.3.14 Grupo Antolin
Product Code: SR112023A1536
List of Figures
- Figure 1: Global: Automotive Lightweight Materials Market: Major Drivers and Challenges
- Figure 2: Global: Automotive Lightweight Materials Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Automotive Lightweight Materials Market: Breakup by Material Type (in %), 2022
- Figure 4: Global: Automotive Lightweight Materials Market: Breakup by Propulsion Type (in %), 2022
- Figure 5: Global: Automotive Lightweight Materials Market: Breakup by Component (in %), 2022
- Figure 6: Global: Automotive Lightweight Materials Market: Breakup by Application (in %), 2022
- Figure 7: Global: Automotive Lightweight Materials Market: Breakup by Vehicle Type (in %), 2022
- Figure 8: Global: Automotive Lightweight Materials Market: Breakup by Region (in %), 2022
- Figure 9: Global: Automotive Lightweight Materials Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 10: Global: Automotive Lightweight Materials Industry: SWOT Analysis
- Figure 11: Global: Automotive Lightweight Materials Industry: Value Chain Analysis
- Figure 12: Global: Automotive Lightweight Materials Industry: Porter's Five Forces Analysis
- Figure 13: Global: Automotive Lightweight Materials (Metal) Market: Sales Value (in Billion US$), 2017 & 2022
- Figure 14: Global: Automotive Lightweight Materials (Metal) Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 15: Global: Automotive Lightweight Materials (Composite) Market: Sales Value (in Billion US$), 2017 & 2022
- Figure 16: Global: Automotive Lightweight Materials (Composite) Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 17: Global: Automotive Lightweight Materials (Plastic) Market: Sales Value (in Billion US$), 2017 & 2022
- Figure 18: Global: Automotive Lightweight Materials (Plastic) Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 19: Global: Automotive Lightweight Materials (Elastomer) Market: Sales Value (in Billion US$), 2017 & 2022
- Figure 20: Global: Automotive Lightweight Materials (Elastomer) Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 21: Global: Automotive Lightweight Materials (IC Engine Powered) Market: Sales Value (in Billion US$), 2017 & 2022
- Figure 22: Global: Automotive Lightweight Materials (IC Engine Powered) Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 23: Global: Automotive Lightweight Materials (Electric Powered) Market: Sales Value (in Billion US$), 2017 & 2022
- Figure 24: Global: Automotive Lightweight Materials (Electric Powered) Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 25: Global: Automotive Lightweight Materials (Other Propulsion Types) Market: Sales Value (in Billion US$), 2017 & 2022
- Figure 26: Global: Automotive Lightweight Materials (Other Propulsion Types) Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 27: Global: Automotive Lightweight Materials (Frame) Market: Sales Value (in Billion US$), 2017 & 2022
- Figure 28: Global: Automotive Lightweight Materials (Frame) Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 29: Global: Automotive Lightweight Materials (Wheel) Market: Sales Value (in Billion US$), 2017 & 2022
- Figure 30: Global: Automotive Lightweight Materials (Wheel) Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 31: Global: Automotive Lightweight Materials (Bumper) Market: Sales Value (in Billion US$), 2017 & 2022
- Figure 32: Global: Automotive Lightweight Materials (Bumper) Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 33: Global: Automotive Lightweight Materials (Door and Seat) Market: Sales Value (in Billion US$), 2017 & 2022
- Figure 34: Global: Automotive Lightweight Materials (Door and Seat) Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 35: Global: Automotive Lightweight Materials (Instrument Panel) Market: Sales Value (in Billion US$), 2017 & 2022
- Figure 36: Global: Automotive Lightweight Materials (Instrument Panel) Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 37: Global: Automotive Lightweight Materials (Other Components) Market: Sales Value (in Billion US$), 2017 & 2022
- Figure 38: Global: Automotive Lightweight Materials (Other Components) Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 39: Global: Automotive Lightweight Materials (Structural) Market: Sales Value (in Billion US$), 2017 & 2022
- Figure 40: Global: Automotive Lightweight Materials (Structural) Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 41: Global: Automotive Lightweight Materials (Interior) Market: Sales Value (in Billion US$), 2017 & 2022
- Figure 42: Global: Automotive Lightweight Materials (Interior) Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 43: Global: Automotive Lightweight Materials (Exterior) Market: Sales Value (in Billion US$), 2017 & 2022
- Figure 44: Global: Automotive Lightweight Materials (Exterior) Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 45: Global: Automotive Lightweight Materials (Powertrain) Market: Sales Value (in Billion US$), 2017 & 2022
- Figure 46: Global: Automotive Lightweight Materials (Powertrain) Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 47: Global: Automotive Lightweight Materials (Other Applications) Market: Sales Value (in Billion US$), 2017 & 2022
- Figure 48: Global: Automotive Lightweight Materials (Other Applications) Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 49: Global: Automotive Lightweight Materials (Passenger Vehicle) Market: Sales Value (in Billion US$), 2017 & 2022
- Figure 50: Global: Automotive Lightweight Materials (Passenger Vehicle) Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 51: Global: Automotive Lightweight Materials (Light Commercial Vehicle) Market: Sales Value (in Billion US$), 2017 & 2022
- Figure 52: Global: Automotive Lightweight Materials (Light Commercial Vehicle) Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 53: Global: Automotive Lightweight Materials (Heavy Commercial Vehicle) Market: Sales Value (in Billion US$), 2017 & 2022
- Figure 54: Global: Automotive Lightweight Materials (Heavy Commercial Vehicle) Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 55: North America: Automotive Lightweight Materials Market: Sales Value (in Billion US$), 2017 & 2022
- Figure 56: North America: Automotive Lightweight Materials Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 57: Europe: Automotive Lightweight Materials Market: Sales Value (in Billion US$), 2017 & 2022
- Figure 58: Europe: Automotive Lightweight Materials Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 59: Asia Pacific: Automotive Lightweight Materials Market: Sales Value (in Billion US$), 2017 & 2022
- Figure 60: Asia Pacific: Automotive Lightweight Materials Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 61: Middle East and Africa: Automotive Lightweight Materials Market: Sales Value (in Billion US$), 2017 & 2022
- Figure 62: Middle East and Africa: Automotive Lightweight Materials Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 63: Latin America: Automotive Lightweight Materials Market: Sales Value (in Billion US$), 2017 & 2022
- Figure 64: Latin America: Automotive Lightweight Materials Market Forecast: Sales Value (in Billion US$), 2023-2028
List of Tables
- Table 1: Global: Automotive Lightweight Materials Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Automotive Lightweight Materials Market Forecast: Breakup by Material Type (in Billion US$), 2023-2028
- Table 3: Global: Automotive Lightweight Materials Market Forecast: Breakup by Propulsion Type (in Billion US$), 2023-2028
- Table 4: Global: Automotive Lightweight Materials Market Forecast: Breakup by Component (in Billion US$), 2023-2028
- Table 5: Global: Automotive Lightweight Materials Market Forecast: Breakup by Application (in Billion US$), 2023-2028
- Table 6: Global: Automotive Lightweight Materials Market Forecast: Breakup by Vehicle Type (in Billion US$), 2023-2028
- Table 7: Global: Automotive Lightweight Materials Market Forecast: Breakup by Region (in Billion US$), 2023-2028
- Table 8: Global: Automotive Lightweight Materials Market: Competitive Structure
- Table 9: Global: Automotive Lightweight Materials Market: Key Players
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