Lightweight Automotive Materials Market Is Projected to Grow at a Substantial Rate by 2025

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.

The global Lightweight Automotive Materials market was valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.

This report focuses on Lightweight Automotive Materials volume and value at global level, regional level and company level. From a global perspective, this report represents overall Lightweight Automotive Materials market size by analyzing historical data and future prospect.

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Regionally, this report categorizes the production, apparent consumption, export and import of Lightweight Automotive Materials in North America, Europe, China, Japan, Southeast Asia and India.

For each manufacturer covered, this report analyzes their Lightweight Automotive Materials manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.

The following manufacturers 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

Segment by Regions
North America
Europe
China
Japan
Southeast Asia
India
Segment by Type
Aluminum
HSS
Magnesium/Titanium
Engineering Plastics
High Performance Plastics
Rubber
Composites
Other

Segment by Application
Body-in White
Chassis & Suspension
Powertrains and Closure
Interiors
Other

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