Lightweight materials such as carbon fiber are increasingly being used in cars and trucks to decrease weight while preserving strength.
Metals is the largest market of the material segment in the automotive lightweight material market, by value. Aluminum is estimated to have the largest market share during the forecast period. OEMs are focused on the application of lightweight materials in all possible vehicle components. Engine downsizing, lightweight metal body, advanced transmission technologies, and the use of exhaust after treatment devices have already been tried by the OEMs and hence, the use of lightweight materials remains the only economical option.
The key factor restraining the growth of automotive lightweight material market is the high cost of raw materials such as carbon fiber, titanium and magnesium. Hence, OEMs from the developing countries which depend more on economical passenger cars, use conventional materials like plastics and high strength steel when compared to premium materials like Titanium and Magnesium.
In 2019, the market size of Lightweight Automotive Materials 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 Lightweight Automotive Materials.
This report studies the global market size of Lightweight Automotive Materials, 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 Lightweight Automotive Materials 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 SE
ThyssenKrupp AG
Covestro AG
ArcelorMittal S.A
Lyondellbasell N.V
Novelis
SGL Carbon
Toray Industries
PPG Industries
Alcoa Inc
Owens Corning
Borealis
Market Segment by Product Type
Aluminum
HSS
Magnesium/Titanium
Engineering Plastics
High Performance Plastics
Rubber
Composites
Other
Market Segment by Application
Body-in White
Chassis & Suspension
Powertrains and Closure
Interiors
Other
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 Lightweight Automotive Materials 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 Lightweight Automotive Materials 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 Lightweight Automotive Materials 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 Lightweight Automotive Materials. Industry analysis & Market Report on Lightweight Automotive Materials is a syndicated market report, published as Global (United States, European Union and China) Lightweight Automotive Materials Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Lightweight Automotive Materials market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.