Global Automotive Lightweight Materials Market Growth 2023-2029

Global Automotive Lightweight Materials Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “Automotive Lightweight Materials Industry Forecast” looks at past sales and reviews total world Automotive Lightweight Materials sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Lightweight Materials sales for 2023 through 2029. With Automotive Lightweight Materials sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Lightweight Materials industry.

This Insight Report provides a comprehensive analysis of the global Automotive Lightweight Materials landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Lightweight Materials portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Lightweight Materials market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Lightweight Materials and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Lightweight Materials.

The global Automotive Lightweight Materials market size is projected to grow from US$ 117110 million in 2022 to US$ 168000 million in 2029; it is expected to grow at a CAGR of 168000 from 2023 to 2029.

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 30%.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Lightweight Materials market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Aluminum Alloys
Magnesium Alloys
High Strength Steels
Engineering Plastics
Composites and Others

Segmentation by application
Body-in White
Chassis & Suspension
Powertrains and Closure
Interiors and Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
BASF
Thyssenkrupp
Covestro
Arcelormittal
Lyondellbasell
Novelis
Toray
Alcoa
Owens Corning
Borealis
SGL Carbon
DSM
SABIC
SAAB
Constellium

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automotive Lightweight Materials market?

What factors are driving Automotive Lightweight Materials market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automotive Lightweight Materials market opportunities vary by end market size?

How does Automotive Lightweight Materials break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.