Metals is largest segment, by volume as well as by value, in the automotive lightweight material market. The segment is leading due to the high use of metals in any automobile, followed by plastics and rubber. The high strength steel materials segment lead the market with respect to volume, however, owing to the higher price, the aluminum sub segment has the highest value. Alternatively, the prices of composite materials are 5-10 times higher than conventional steels. A study conducted by EDAG Engineering GmbH with U.S. National Highway Traffic Safety Administration (NHTSA) suggests that using aluminum to make a car can reduce the vehicle weight up to 35% at an additional cost of USD 927 per vehicle, whereas using CFRP to build a car could reduce the vehicle’s weight by half, at an additional cost of USD 2,700. Hence, the use of composite materials in automotive industry is presently limited majorly to the premium passenger cars, owing to the high price of these materials.
More than 30% of the vehicle’s weight is concentrated in the chassis and suspension and hence has a huge potential for lightweighting. The segment is projected to grow at the fastest growth rate over the next five years. Based on a publication by the U.S. DOE, has mandated a ~35% weight reduction in the chassis and suspension segment by 2025, with a further reduction in weight of ~55% by 2050. The lightweight materials used in the chassis and suspension are HSS and aluminum. The Body-in-White and Interiors segments are the second and third fastest growing in the lightweight materials market respectively.
In 2019, the market size of Automotive Lightweight Material is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Automotive Lightweight Material.
This report studies the global market size of Automotive Lightweight Material, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Automotive Lightweight Material production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
BASF (Germany)
ThyssenKrupp (Germany)
Covestro (Germany)
ArcelorMittal (Luxembourg)
Lyondellbasell (US)
Novelis (US)
Toray Industries (Japan)
PPG Industries (US)
Alcoa (US)
Owens Corning (US)
Market Segment by Product Type
Metal
Composite
Rubber
Plastic
Market Segment by Application
ICE
EV
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Automotive Lightweight Material status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Automotive Lightweight Material manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Automotive Lightweight Material are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on Automotive Lightweight Material . Industry analysis & Market Report on Automotive Lightweight Material is a syndicated market report, published as Global (United States, European Union and China) Automotive Lightweight Material Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Automotive Lightweight Material market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.