Dublin, Jan. 31, 2023 (GLOBE NEWSWIRE) — The “Automotive Lightweight Materials Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027” report has been added to from ResearchAndMarkets.com offer.
The global automotive lightweight materials market size reached US$67.2 billion in 2021. Looking ahead, the publisher expects the market to reach US$107.0 billion. by 2027, posting a CAGR of 8.06% in 2021-2027.
Bearing in mind the uncertainties associated with COVID-19, we continuously monitor and assess the direct and indirect influence of the pandemic. This information is included in the report as a major market contributor.
Automotive lightweight materials are mainly used to replace cast iron and conventional steel components in different types of vehicles such as electric, plug-in and hybrid vehicles. They are used in structural elements that allow vehicles to carry advanced safety devices, integrated electronic systems and emission control systems.
The use of lightweight materials in automobiles offsets the weight of their power systems like electric motors and batteries while improving 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 the rapid degradation of the environment, car manufacturers around the world are developing lighter and more functional materials to improve the fuel efficiency of vehicles. Using lightweight materials allows manufacturers to improve vehicle efficiency, as reducing a car’s weight leads to a significant improvement in fuel economy.
Consequently, rising fuel prices are driving demand for lighter vehicles. Apart from this, governments of various countries have also introduced vehicle weight reduction schemes in response to the need for strict environmental regulations. Additionally, there has been increased investment in R&D activities across the industry, with several major players aiming to reduce the cost of these materials and increase their recyclability.
Competitive Landscape:
The report has also analyzed the competitive landscape of the market with some of the major 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.
Answers to key questions in this report:
- How has the global automotive lightweight materials market performed so far and how will it perform in the coming years?
- What are the major regional markets for the global automotive lightweight materials industry?
- What has been the impact of COVID-19 on the global Automotive Lightweight Materials Industry?
- What is the market breakdown by type of material?
- What is the breakdown of the market according to the type of propulsion?
- What is the market breakdown by component type?
- What is the market breakdown by application?
- What is the market breakdown by type of vehicle?
- What are the different stages of the global automotive lightweight materials industry value chain?
- What are the major driving factors and challenges in the global automotive lightweight materials industry?
- What is the structure of the global automotive lightweight materials industry and who are the major players?
- How competitive is the global automotive lightweight materials industry?
| Report attribute | Details |
| Number of pages | 143 |
| Forecast period | 2021 – 2027 |
| Estimated market value (USD) in 2021 | $67.2 billion |
| Expected market value (USD) by 2027 | $107 billion |
| Compound annual growth rate | 8.0% |
| Regions covered | Global |
Main topics covered:
1 Preface
2 Scope and methodology
3 Executive summary
4 Presentation
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 Breakdown by Material Type
5.5 Market Breakdown by Propulsion Type
5.6 Market Breakdown by Component
5.7 Market Breakdown by Application
5.8 Market Breakdown by Vehicle Type
5.9 Market Breakdown by Region
5.10 Market Forecast
6 Market Breakdown by Material Type
6.1 Metal
6.1.1 Market trends
6.1.2 Market Breakdown 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 Membership
6.2.1 Market trends
6.2.2 Market Breakdown 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 Breakdown by Propulsion Type
7.1 Powered IC Engine
7.1.1 Market trends
7.1.2 Market Forecast
7.2 Power supply
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 Breakdown by Component
8.1 Framework
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 Bumpers
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 Dashboard
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 Breakdown 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 Breakdown by Vehicle Type
10.1 Passenger vehicle
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Light commercial vehicle (LCV)
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Heavy Duty Vehicles (HCVs)
10.3.1 Market Trends
10.3.2 Market Forecast
11 Market Breakdown by Region
12 SWOT Analysis
13 Value chain analysis
14 Porter’s Five Forces Analysis
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 Company
16.3.8 Bayer AG
16.3.9 Saudi Arabia Basic Industries Corporation (SABIC)
16.3.10 PPG Industry
16.3.11 LyondellBasell
16.3.12 Novelists
16.3.13 Owens Corning Company
16.3.14 Antolin Group
For more information on this report, visit https://www.researchandmarkets.com/r/hm8qim