Automotive Lightweight Material Market

Automotive Lightweight Material Market by Material (Metal, Composite, Plastic, Elastomer), Application & Component (Frame, Engine, Exhaust, Transmission, Closure, Interior), Vehicle Type (ICE, Electric & Hybrid), Region - Global Forecast to 2025

Report Code: AT 3364 Jun, 2020, by marketsandmarkets.com

[274 Pages Report] The global automotive lightweight material market is projected to grow from USD 69.7 billion in 2020 to USD 99.3 billion by 2025, at a CAGR of 7.3% during the forecast period. The increasing stringency of vehicle emission and fuel economy regulations and growing government initiatives for vehicle weight reduction are expected to drive the growth of the automotive lightweight material market.

Automotive Lightweight Materials Markett

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COVID-19 impact on automotive lightweight material market

The outbreak of COVID-19 has impacted and disrupted the supply chain of the entire automotive ecosystem, with halt in production facilities across the globe. This scenario is expected to affect the automotive lightweight material market, as the growth of the market is directly related to the production of vehicles. The decline in vehicle production is expected to adversely affect the lightweight material market. Fluctuation in raw material prices and high-cost of carbon fiber restrict carbon use in manufacturing automotive components as it is more expensive than steel.

Leading material suppliers such as BASF SE are expected to be severely impacted by the decline in production. Other leading players such as Covestro anticipates core volume growth below the previous year due to pandemic impact. Covestro’s core volumes in polycarbonates declined by 4.9% as compared to prior-year quarter as per company’s announcement. This decline was due to considerably lower volumes sold in the electrical, electronics and automotive industry.  Such decline in the overall automotive supply chain is expected to further hinder the growth of automotive lightweight material market.

Automotive Lightweight Material Market Dynamics

Driver: Stringent emission and fuel economy regulations

Several governments across the globe have introduced stringent emission and fuel economy regulations for vehicles. These regulations have compelled automotive OEMs to increase the use of lightweight materials such as lightweight metals, composites, and plastics. Advanced lightweight materials help increase the fuel economy of a vehicle while ensuring safety and performance. A 10% reduction in vehicle mass can improve fuel economy by 6 to 8%. The use of lightweight materials reduces the consumption of fuel in a vehicle because less weight takes less energy at the time of acceleration. Engine components can withstand high pressure and temperature with the use of advanced materials, which in turn helps increase efficiency and lowers emission. The multi-material designs, with the combination of HSS, magnesium, composites, aluminum, and other materials, use a system of approach keeping the best properties of materials at an appropriate place. Efficient design, material selection, manufacturing, and assembly can effectively result in light-weighting.

Restraint: High cost (material cost and process cost)

The high cost of materials such as carbon fiber-reinforced composites, titanium, and magnesium can hinder the extensive usage of these materials. The price of 1 kg of Carbon Fiber Reinforced Polymers (CFRP) for automotive-grade can go up to 3900% more than normal steel, and the price of titanium can go up to 900% more than normal steel. Hence, the use of CFRP is restricted to high-end cars such as Bugatti, BMW, McLaren, Lamborghini, Ferrari, and other racing cars. Glass Fiber Reinforced Plastics (GFRP) cost approximately 400% more than normal steel. The usage of this material is expected to increase, as its price has decreased over the last few years. The price of high strength steel is higher than regular steel but lower than aluminum, fiber composites, and magnesium. It is, hence, used as a lightweight material by automotive OEMs globally. As raw materials have a high cost, OEMs in developing countries, who depend more on economy passenger cars, prefer to use conventional materials than lightweight materials. However, the use of lightweight materials is expected to increase gradually in the coming years.

Opportunities: Upward trend of vehicle electrification

The introduction of electric vehicles has resulted in a technological revolution in the automotive industry. These vehicles have superior performance than their internal combustion counterparts. Factors such as the increase in environmental awareness, government support and incentives, and investments by OEMs have paved the way for electric vehicles. Leading automotive players such as Volkswagen, BMW, Tesla Motors, Ford, General Motors, and Toyota have ventured into the electric vehicle segment. Electric vehicles are more efficient, energy independent, and better than gas alternatives. Since electric vehicles have low power engines, they use lightweight materials that drive the engine’s pulling capacity. Therefore, the increasing demand for electric vehicles provides an opportunity for the growth of the lightweight material market.

Challenges: Maintenance of lightweight material

In addition to high cost, lightweight materials require high maintenance. Lightweight materials have great strength and rigidity. However, their weak points are hard to track. For example, the maintenance of carbon fiber parts is difficult. Physical damage cannot be seen by naked eyes but with the help of acoustic emission detection or thermal, ultrasonic, or x-ray imaging. To reduce weight, many OEMs develop monocoque out of a single material without joints and welds. This gives the structure strength and lightweight, but in case of an accident, the whole monocoque needs to be changed as it is one piece, and this is a costly affair. Hence, it is a challenge in the lightweight materials industry to make materials that are easy to repair and maintain compared to regular steel.

Automotive Lightweight Materials Ecosystem & Interconnected Markets

BEV is expected to be the largest segment in the automotive lightweight material market, by electric and hybrid vehicle, during the forecast period

BEV is projected to be the largest market for automotive lightweight material. A BEV or battery electric vehicle is powered by an electric battery that uses chemical energy stored in the battery. The battery used in a BEV is rechargeable and accounts for about 70% weight of the electric vehicle. OEMs are investing heavily in research and development to increase the efficiency of electric vehicles by reducing the overall vehicle weight. Increasing demand for BEV and increasing focus on vehicle lightweighting will drive the lightweight material demand in this vehicle segment.

Metals are the largest segment of electric vehicle lightweight material market, by material type, during the forecast period

Metals are estimated to hold the largest share in the global market for electric vehicle lightweight material. By material, the market is segmented into metals, composites, plastics, and elastomers. According to MarketsandMarkets analysis, the market for metals is estimated to be the largest by 2027. There are three kinds of metal materials extensively used in vehicle lightweighting. These are High strength steel, aluminum, and Magnesium & Titanium. These materials are lighter and stronger than steel. Hence, these metals are expected to be used in electric vehicles in the near future.

In ICE vehicle type segment, HCV is projected to be the fastest growing segment during the forecast period

HCV is projected to be the fastest growing market for automotive lightweight materials, by ICE vehicle type. HCVs comprise vehicles such as buses, coaches, and heavy trucks with a vehicle mass of above 7 tons. OEMs such as BMW, Daimler, Dongfeng, Fiat, and Isuzu are rigorously focusing on weight reduction in HCVs due to stringent emission and fuel economy regulations. The use of lightweight material helps reduce the total vehicle weight, which in turn allows the vehicle to carry additional load. Hence, HCV is projected to be the fastest growing segment of the automotive lightweight material market.

Europe is expected to account for the largest market size during the forecast period

COVID-19 has resulted in a decline in vehicle production, thereby affects the overall automotive lightweight material market. However, a projected steady recovery by Q1-Q2 of 2021 in vehicle production will support the growth of the automotive lightweight material market in the coming years. Europe is projected to hold the largest market share by 2025. The implementation of Euro 6 norms, which are followed by the members of the European Union, will have a knock-on effect of reducing pollutants such as nitrogen oxide and carbon monoxide. It will also compel OEMs to improve fuel economy and lower CO2 emission levels. Also, lightweight materials manufacturers and suppliers are investing heavily in R&D to create new and advanced lightweight materials. With the increasing demand for vehicles, Europe is expected to remain the largest automotive lightweight material market during the forecast period.

Automotive Lightweight Materials Markett by Region

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Key Market Players

The automotive lightweight material market is dominated by global players and comprises several regional players. The key players in the automotive lightweight material market are BASF SE (Germany), Covestro AG (Germany), LyondellBasell Industries Holdings B.V. (Netherlands), Toray Industries, Inc. (Japan), ArcelorMittal (Luxembourg), thyssenkrupp AG (Germany), Novelis, Inc. (US), Alcoa Corporation (US).

Scope of the Report

Report Metric

Details

 

Market Size Available for Years

 

2017–2025

Base Year Considered

2019

Forecast Period

2020–2025

Forecast Units

Value (USD billion) and Volume (TMT)

Segments Covered

Material type, application, component, electric & hybrid vehicle type, ICE vehicle type, electric vehicle by material type, and region

Geographies Covered

Asia Oceania, Europe, North America, and RoW

Companies Covered

 

The key players in the automotive lightweight material market are BASF SE (Germany), Covestro AG (Germany), Toray Industries, Inc. (Japan), ArcelorMittal (Luxembourg), and thyssenkrupp AG (Germany). Additionally, the report covered 20 major players.

This research report categorizes the automotive lightweight material market based on material type, application, component, electric & hybrid vehicle type, ICE vehicle type, electric vehicle by material type, and region.

Automotive Lightweight Material Market, By Material Type

  • METALS
    • HSS
    • Aluminum
    • Magnesium & Titanium
  • COMPOSITES
    • CFRP
    • GFRP
    • NFRP
    • Other Composites
  • PLASTICS
    • PC
    • ABS
    • PA
    • PP
    • PU
    • Others
  • ELASTOMER
    • EPDM
    • NR
    • SBR
    • Others

Automotive Lightweight Material Market, By Application

  • Body in white
  • Chassis and suspension
  • Powertrain s
  • Closures
  • Interiors
  • Others

Automotive Lightweight Material Market, By Component

  • Frames
  • Wheels
  • Bumpers & fenders
  • Engines & exhausts
  • Fuel tanks
  • Transmissions
  • Doors
  • Hood & trunk lid
  • Seats
  • Instrument panels

Automotive Lightweight Material Market, By Vehicle Type

  • PC
  • LCV
  • HCV

Automotive Lightweight Material Market, By Electric & Hybrid Vehicle Type

  • BEV
  • HEV
  • PHEV
  • Truck
  • Bus

Electric Vehicle Lightweight Material Market, By Material Type

  • Metals
  • Composites
  • Plastics
  • Elastomer

Automotive Lightweight Material Market, By Region

  • Asia Oceania
  • Europe
  • North America
  • RoW

Recent Developments

  • In May 2019, BASF SE plans to build engineering plastics compounding plant and a Thermoplastic Polyurethane (TPU) plant at the company’s proposed integrated chemical production (“Verbund”) site in Zhanjiang, China.
  • In January 2019, Toray Industries, Inc. announced that it held the opening ceremony of Automotive Center Europe (AMCEU), established in the suburbs of Munich, Germany, on January 25, 2019, with guests representing the government of the state of Bavaria, automobile manufacturers, and Tier 1 automotive suppliers. The facility will serve as a technological development base of Toray Group to expand its Green Innovation (GR) Business in Europe. Toray’s GR business is at the forefront of environmental restrictions, by leveraging the Group’s highly functional materials as well as its cutting-edge technologies for automobiles.
  • In March 2018, LyondellBasell showcased its latest materials to advance surfaces at the Plastics in Automotive Engineering technical conference, which was organized by the Association of German Engineers (VDI) in Mannheim, Germany.
  • In April 2019, Novelis Inc. announced it is supplying Toyota Motor Corporation with premium aluminum automotive body sheet for the all-new 2019 Toyota RAV4. The RAV4 is Toyota's number-one-selling vehicle and the best-selling non-pickup truck in the country. With a new and improved design that includes Novelis aluminum in the hood, fenders, and liftgate, the fifth-generation model of the RAV4 is 4% lighter than previous models.
  • In November 2018, ArcelorMittal completed the transaction to acquire Ilva S.p.A. and launched ArcelorMittal Italia. Following the completion of the transaction, ArcelorMittal assumed the full management control of Ilva, forming a new business cluster within ArcelorMittal Europe - Flat Products and be known as ArcelorMittal Italia.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 39)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 MARKET SCOPE
        FIGURE 1 AUTOMOTIVE LIGHTWEIGHT MATERIAL: MARKET SEGMENTATION
           1.3.1 YEARS CONSIDERED FOR THE STUDY
    1.4 CURRENCY
        TABLE 1 CURRENCY EXCHANGE RATES (W.R.T. USD)
    1.5 PACKAGE SIZE
    1.6 LIMITATIONS
    1.7 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 43)
    2.1 RESEARCH DATA
        FIGURE 2 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET: RESEARCH DESIGN
        FIGURE 3 RESEARCH METHODOLOGY MODEL
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key secondary sources for automotive lightweight materials
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY DATA
                 FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS
                    2.1.2.1 Sampling techniques & data collection methods
                    2.1.2.2 Primary participants
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                 FIGURE 5 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                 FIGURE 6 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET: TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
    2.4 ASSUMPTIONS

3 EXECUTIVE SUMMARY (Page No. - 52)
    3.1 PRE- & POST-COVID-19 SCENARIO
        FIGURE 7 PRE- & POST-COVID-19 SCENARIO: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, 2017–2025 (USD BILLION)
    3.2 AUTOMOTIVE LIGHTWEIGHT MATERIAL: MARKET OUTLOOK
        FIGURE 8 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020 & 2025 (USD BILLION)

4 PREMIUM INSIGHTS (Page No. - 56)
    4.1 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET TREND, FORECAST & OPPORTUNITY
        FIGURE 9 RISING TREND OF VEHICLE ELECTRIFICATION OFFER ATTRACTIVE OPPORTUNITIES FOR AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET
    4.2 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION
        FIGURE 10 EUROPE TO DOMINATE THE AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET DURING THE FORECAST PERIOD
    4.3 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE
        FIGURE 11 METAL HOLDS THE LARGEST SHARE IN THE AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET IN 2020
    4.4 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY APPLICATION
        FIGURE 12 BODY IN WHITE HOLDS THE LARGEST SHARE IN THE AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET IN 2020
    4.5 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY COMPONENT
        FIGURE 13 FRAMES HOLDS THE LARGEST SHARE IN THE AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET IN 2020
    4.6 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY ELECTRIC & HYBRID VEHICLE
        FIGURE 14 HEV HOLDS THE LARGEST SHARE IN THE LIGHTWEIGHT MATERIAL MARKET IN 2020
    4.7 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY VEHICLE TYPE
        FIGURE 15 PASSENGER CAR HOLDS THE LARGEST SHARE IN THE AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET IN 2020
    4.8 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY EV MATERIAL TYPE
        FIGURE 16 METALS HOLDS THE LARGEST SHARE IN 2020

5 MARKET OVERVIEW (Page No. - 60)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
        FIGURE 17 AUTOMOTIVE LIGHTWEIGHT MATERIAL: MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Stringent emission and fuel economy regulations
                            FIGURE 18 GLOBAL EMISSION REGULATIONS, BY COUNTRY, 2014–2025
                    5.2.1.2 Growing government initiatives for weight reduction
           5.2.2 RESTRAINTS
                    5.2.2.1 High cost (material cost and process cost)
                               5.2.2.1.1 High material cost
                                         TABLE 2 COMPARISON OF AUTOMOTIVE LIGHTWEIGHT MATERIAL VS. CONVENTIONAL MATERIAL PRICING
                               5.2.2.1.2 High process cost
                               5.2.2.1.3 Price sensitive nature of developing regions
                    5.2.2.2 Opportunities
                               5.2.2.2.1 Upward trend of vehicle electrification
                                         FIGURE 19 GLOBAL ELECTRIC VEHICLES SALES, 2018–2025 (‘000 UNITS)
                               5.2.2.2.2 Future potential market in Asia Oceania
                    5.2.2.3 Challenges
                               5.2.2.3.1 Maintenance of lightweight material
    5.3 INDUSTRY TRENDS AND TARGETS
           5.3.1 LIGHT DUTY VEHICLES IMPACT THE LIGHTWEIGHT MATERIAL INDUSTRY
                 TABLE 3 WEIGHT REDUCTION GOALS FOR LIGHT DUTY VEHICLES
                 TABLE 4 FUTURE WEIGHT REDUCTION TARGETS, BY COMPONENT, 2025 VS. 2050
           5.3.2 TECHNOLOGICAL ROUTES FOR THE APPLICATION OF LIGHTWEIGHT MATERIALS: US

6 COVID-19 IMPACT ANALYSIS (Page No. - 68)
    6.1 COVID-19 IMPACT ANALYSIS ON AUTOMOTIVE MARKET
        TABLE 5 EUROPE: LOSS IN VEHICLE PRODUCTION DUE TO PLANT SHUTDOWNS, BY COUNTRY, (UNITS)
        FIGURE 20 AUTOMOTIVE PRODUCTION: PRE- VS. POST-COVID-19 SCENARIO, 2018–2025 (‘000 UNITS)
        TABLE 6 AUTOMOTIVE PRODUCTION: PRE- VS. POST-COVID-19 SCENARIO, 2018–2025 (‘000 UNITS)
    6.2 COVID-19 IMPACT ANALYSIS ON AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET
           6.2.1 AUTOMOTIVE LIGHTWEIGHT MATERIAL SCENARIO ANALYSIS
                 FIGURE 21 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET SCENARIO, 2017-2025 (USD BILLION)
                    6.2.1.1 Realistic scenario
                            TABLE 7 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET (REALISTIC SCENARIO), BY REGION, 2017–2025 (USD BILLION)
                    6.2.1.2 Low impact scenario
                            TABLE 8 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET (LOW IMPACT SCENARIO), BY REGION, 2017–2025 (USD BILLION)
                    6.2.1.3 High impact scenario
                            TABLE 9 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET (HIGH IMPACT SCENARIO), BY REGION, 2017–2025 (BILLION USD)

7 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE (Page No. - 73)
Note – The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Pacific, Europe, North America and RoW
    7.1 INTRODUCTION
           7.1.1 RESEARCH METHODOLOGY
           7.1.2 ASSUMPTIONS/LIMITATIONS
           7.1.3 INDUSTRY INSIGHTS
                 FIGURE 22 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2020 VS. 2025 (USD BILLION)
                 TABLE 10 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2017–2019 (TMT)
                 TABLE 11 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2017–2019 (USD BILLION)
                 TABLE 12 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2020–2025 (TMT)
                 TABLE 13 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2020–2025 (USD BILLION)
    7.2 METAL
        TABLE 14 LIGHTWEIGHT METAL MARKET, BY TYPE, 2017–2019 (TMT)
        TABLE 15 LIGHTWEIGHT METAL MARKET, BY TYPE, 2017-2019 (USD BILLION)
        TABLE 16 LIGHTWEIGHT METAL MARKET, BY TYPE, 2020–2025 (TMT)
        TABLE 17 LIGHTWEIGHT METAL MARKET, BY TYPE, 2020-2025 (USD BILLION)
           7.2.1 HIGH STRENGTH STEEL (HSS)
                 TABLE 18 HSS MARKET, BY REGION, 2017–2019 (TMT)
                 TABLE 19 HSS MARKET, BY REGION, 2017–2019 (USD BILLION)
                 TABLE 20 HSS MARKET, BY REGION, 2020–2025 (TMT)
                 TABLE 21 HSS MARKET, BY REGION, 2020–2025 (USD BILLION)
           7.2.2 ALUMINUM
                 TABLE 22 ALUMINUM MARKET, BY REGION, 2017–2019 (TMT)
                 TABLE 23 ALUMINUM MARKET, BY REGION, 2017–2019 (USD BILLION)
                 TABLE 24 ALUMINUM MARKET, BY REGION, 2020–2025 (TMT)
                 TABLE 25 ALUMINUM MARKET, BY REGION, 2020–2025 (USD BILLION)
           7.2.3 MAGNESIUM & TITANIUM
                 TABLE 26 MAGNESIUM & TITANIUM MARKET, BY REGION, 2017–2019 (TMT)
                 TABLE 27 MAGNESIUM & TITANIUM MARKET, BY REGION, 2017–2019 (USD BILLION)
                 TABLE 28 MAGNESIUM & TITANIUM MARKET, BY REGION, 2020–2025 (TMT)
                 TABLE 29 MAGNESIUM & TITANIUM MARKET, BY REGION, 2020–2025 (USD BILLION)
    7.3 COMPOSITE
        TABLE 30 LIGHTWEIGHT COMPOSITES MARKET, BY TYPE, 2017–2019 (TMT)
        TABLE 31 LIGHTWEIGHT COMPOSITES MARKET, BY TYPE, 2017–2019 (USD BILLION)
        TABLE 32 LIGHTWEIGHT COMPOSITES MARKET, BY TYPE, 2020–2025 (TMT)
        TABLE 33 LIGHTWEIGHT COMPOSITES MARKET, BY TYPE, 2020–2025 (USD BILLION)
           7.3.1 CARBON FIBER REINFORCED POLYMERS (CFRP)
                 TABLE 34 CFRP MARKET, BY REGION, 2017–2019 (TMT)
                 TABLE 35 CFRP MARKET, BY REGION, 2017–2019 (USD BILLION)
                 TABLE 36 CFRP MARKET, BY REGION, 2020–2025 (TMT)
                 TABLE 37 CFRP MARKET, BY REGION, 2020–2025 (USD BILLION)
           7.3.2 GLASS FIBER REINFORCED POLYMER (GFRP)
                 TABLE 38 GFRP MARKET, BY REGION, 2017–2019 (TMT)
                 TABLE 39 GFRP MARKET, BY REGION, 2017–2019 (USD BILLION)
                 TABLE 40 GFRP MARKET, BY REGION, 2020–2025 (TMT)
                 TABLE 41 GFRP MARKET, BY REGION, 2020–2025 (USD BILLION)
           7.3.3 NATURAL FIBER REINFORCED POLYMER (NFRP)
                 TABLE 42 NFRP MARKET, BY REGION, 2017–2019 (TMT)
                 TABLE 43 NFRP MARKET, BY REGION, 2017–2019 (USD BILLION)
                 TABLE 44 NFRP MARKET, BY REGION, 2020–2025 (TMT)
                 TABLE 45 NFRP MARKET, BY REGION, 2020–2025 (USD BILLION)
           7.3.4 OTHER COMPOSITES
                 TABLE 46 OTHER COMPOSITES MARKET, BY REGION, 2017–2019 (TMT)
                 TABLE 47 OTHER COMPOSITES MARKET, BY REGION, 2017–2019 (USD BILLION)
                 TABLE 48 OTHER COMPOSITES MARKET, BY REGION, 2020–2025 (TMT)
                 TABLE 49 OTHER COMPOSITES MARKET, BY REGION, 2020–2025 (USD BILLION)
    7.4 PLASTIC
        TABLE 50 PLASTIC MARKET, BY REGION, 2017–2019 (TMT)
        TABLE 51 PLASTIC MARKET, BY REGION, 2017–2019 (USD BILLION)
        TABLE 52 PLASTIC MARKET, BY REGION, 2020–2025 (TMT)
        TABLE 53 PLASTIC MARKET, BY REGION, 2020–2025 (USD BILLION)
        TABLE 54 PLASTIC MARKET, BY TYPE, 2017-2019 (TMT)
        TABLE 55 PLASTIC MARKET, BY TYPE, 2017-2019 (USD BILLION)
        TABLE 56 PLASTIC MARKET, BY TYPE, 2020-2025 (TMT)
        TABLE 57 PLASTIC MARKET, BY TYPE, 2020-2025 (USD BILLION)
    7.5 ELASTOMER
        TABLE 58 ELASTOMER MARKET, BY REGION, 2017–2019 (TMT)
        TABLE 59 ELASTOMER MARKET, BY REGION, 2017–2019 (USD BILLION)
        TABLE 60 ELASTOMER MARKET, BY REGION, 2020–2025 (TMT)
        TABLE 61 ELASTOMER MARKET, BY REGION, 2020–2025 (USD BILLION)
        TABLE 62 ELASTOMER MARKET, BY TYPE, 2020–2025 (TMT)
        TABLE 63 ELASTOMER MARKET, BY TYPE, 2020–2025 (USD BILLION)

8 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY APPLICATION (Page No. - 95)
Note – The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Pacific, Europe, North America and RoW
    8.1 INTRODUCTION
           8.1.1 RESEARCH METHODOLOGY
           8.1.2 ASSUMPTIONS/LIMITATIONS
           8.1.3 INDUSTRY INSIGHTS
                 FIGURE 23 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY APPLICATION, 2020 & 2025 (USD BILLION)
                 TABLE 64 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY APPLICATION, 2017–2019 (TMT)
                 TABLE 65 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY APPLICATION, 2017–2019 (USD BILLION)
                 TABLE 66 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY APPLICATION, 2020–2025 (TMT)
                 TABLE 67 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY APPLICATION, 2020–2025 (USD BILLION)
    8.2 BODY IN WHITE
           8.2.1 EUROPE IS THE LARGEST MARKET FOR LIGHTWEIGHT MATERIAL IN BODY IN WHITE APPLICATION
                 TABLE 68 BODY IN WHITE: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (TMT)
                 TABLE 69 BODY IN WHITE: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (USD BILLION)
                 TABLE 70 BODY IN WHITE: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (TMT)
                 TABLE 71 BODY IN WHITE: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (USD BILLION)
    8.3 CHASSIS AND SUSPENSION
           8.3.1 EUROPE IS THE LARGEST MARKET FOR LIGHTWEIGHT MATERIAL FOR CHASSIS AND SUSPENSION APPLICATION
                 TABLE 72 CHASSIS AND SUSPENSION: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (TMT)
                 TABLE 73 CHASSIS AND SUSPENSION: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (USD BILLION)
                 TABLE 74 CHASSIS AND SUSPENSION: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (TMT)
                 TABLE 75 CHASSIS AND SUSPENSION: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (USD BILLION)
    8.4 POWERTRAINS
           8.4.1 ASIA OCEANIA IS THE FASTEST GROWING MARKET FOR LIGHTWEIGHT MATERIAL IN POWERTRAIN APPLICATION
                 TABLE 76 POWERTRAINS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (TMT)
                 TABLE 77 POWERTRAINS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (USD BILLION)
                 TABLE 78 POWERTRAINS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (TMT)
                 TABLE 79 POWERTRAINS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (USD BILLION)
    8.5 CLOSURES
           8.5.1 ASIA OCEANIA IS THE LARGEST MARKET FOR LIGHTWEIGHT MATERIAL IN CLOSURES APPLICATION
                 TABLE 80 CLOSURES: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (TMT)
                 TABLE 81 CLOSURES: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (USD BILLION)
                 TABLE 82 CLOSURES: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (TMT)
                 TABLE 83 CLOSURES: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (USD BILLION)
    8.6 INTERIORS
           8.6.1 ASIA OCEANIA IS THE FASTEST MARKET FOR LIGHTWEIGHT MATERIAL IN INTERIORS APPLICATION
                 TABLE 84 INTERIORS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (TMT)
                 TABLE 85 INTERIORS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (USD BILLION)
                 TABLE 86 INTERIORS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (TMT)
                 TABLE 87 INTERIORS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (USD BILLION)
    8.7 OTHERS
           8.7.1 NORTH AMERICA IS THE FASTEST GROWING MARKET FOR LIGHTWEIGHT MATERIAL FOR OTHER APPLICATIONS
                 TABLE 88 OTHERS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (TMT)
                 TABLE 89 OTHERS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (USD BILLION)
                 TABLE 90 OTHERS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (TMT)
                 TABLE 91 OTHERS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (USD BILLION)

9 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY COMPONENT (Page No. - 109)
Note – The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Pacific, Europe, North America and RoW
    9.1 INTRODUCTION
           9.1.1 RESEARCH METHODOLOGY
           9.1.2 INDUSTRY INSIGHTS
                 FIGURE 24 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY COMPONENT, 2020 & 2025 (USD BILLION)
                 TABLE 92 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY COMPONENT, 2017–2019 (TMT)
                 TABLE 93 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY COMPONENT, 2017–2019 (USD BILLION)
                 TABLE 94 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY COMPONENT, 2020–2025 (TMT)
                 TABLE 95 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY COMPONENT, 2020–2025 (USD BILLION)
    9.2 FRAMES
           9.2.1 NORTH AMERICA IS THE FASTEST-GROWING MARKET FOR LIGHTWEIGHT MATERIAL IN FRAMES AS THE CURRENT AVERAGE CURB WEIGHT OF VEHICLES IS HIGHER IN THIS REGION
                 TABLE 96 FRAMES: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (TMT)
                 TABLE 97 FRAMES: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (USD BILLION)
                 TABLE 98 FRAMES: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (TMT)
                 TABLE 99 FRAME LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (USD BILLION)
    9.3 WHEELS
           9.3.1 EUROPE IS THE LARGEST MARKET FOR LIGHTWEIGHT MATERIAL IN WHEELS AS THE USE OF LIGHTWEIGHT MATERIALS IS ON HIGHER SIDE IN EUROPE COMPARE TO OTHER REGIONS
                 TABLE 100 WHEELS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (TMT)
                 TABLE 101 WHEELS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (USD BILLION)
                 TABLE 102 WHEELS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (TMT)
                 TABLE 103 WHEELS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (USD BILLION)
    9.4 BUMPERS & FENDERS
           9.4.1 ASIA OCEANIA AND NORTH AMERICA ARE THE FASTEST-GROWING MARKETS FOR LIGHTWEIGHT MATERIAL IN BUMPER & FENDER
                 TABLE 104 BUMPERS & FENDERS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (TMT)
                 TABLE 105 BUMPERS & FENDERS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (USD BILLION)
                 TABLE 106 BUMPER & FENDER LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (TMT)
                 TABLE 107 BUMPERS & FENDERS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (USD BILLION)
    9.5 ENGINES & EXHAUSTS
           9.5.1 EUROPE IS THE LARGEST MARKET FOR LIGHTWEIGHT MATERIAL IN ENGINE & EXHAUST DUE TO THE EXTENSIVE EFFORTS ON ENGINE DOWNSIZING
                 TABLE 108 ENGINES & EXHAUSTS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (TMT)
                 TABLE 109 ENGINES & EXHAUSTS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (USD BILLION)
                 TABLE 110 ENGINES & EXHAUSTS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (TMT)
                 TABLE 111 ENGINES & EXHAUSTS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (USD BILLION)
    9.6 TRANSMISSION
           9.6.1 USE OF LIGHTWEIGHT MATERIAL FOR TRANSMISSION IN THE ROW REGION IS MORE COMPARED TO OTHER REGIONS
                 TABLE 112 TRANSMISSION: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (TMT)
                 TABLE 113 TRANSMISSION: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (USD BILLION)
                 TABLE 114 TRANSMISSION LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (TMT)
                 TABLE 115 TRANSMISSION LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (USD BILLION)
    9.7 DOORS
           9.7.1 EUROPE AND ASIA OCEANIA ARE THE LARGEST MARKETS FOR LIGHTWEIGHT MATERIAL IN DOORS
                 TABLE 116 DOORS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (TMT)
                 TABLE 117 DOORS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (USD BILLION)
                 TABLE 118 DOORS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (TMT)
                 TABLE 119 DOORS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (USD BILLION)
    9.8 HOOD & TRUNK LID
           9.8.1 ASIA OCEANIA IS THE FASTEST GROWING MARKET FOR LIGHTWEIGHT MATERIAL IN HOOD & TRUNK LID DUE TO INCREASE IN TREND FOR VEHICLE WEIGHT REDUCTION
                 TABLE 120 HOODS & TRUNKS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (TMT)
                 TABLE 121 HOOD & TRUNK: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (USD BILLION)
                 TABLE 122 HOODS & TRUNKS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (TMT)
                 TABLE 123 HOODS & TRUNKS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (USD BILLION)
    9.9 SEATS
           9.9.1 ASIA OCEANIA IS THE LARGEST MARKET FOR LIGHTWEIGHT MATERIAL IN SEATS
                 TABLE 124 SEATS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (TMT)
                 TABLE 125 SEATS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (USD BILLION)
                 TABLE 126 SEATS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (TMT)
                 TABLE 127 SEATS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (USD BILLION)
    9.10 INSTRUMENT PANEL
           9.10.1 ASIA OCEANIA IS THE LARGEST MARKET FOR LIGHTWEIGHT MATERIAL IN INSTRUMENT PANEL
                  TABLE 128 INSTRUMENT PANELS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (TMT)
                  TABLE 129 INSTRUMENT PANELS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (USD BILLION)
                  TABLE 130 INSTRUMENT PANELS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (TMT)
                  TABLE 131 INSTRUMENT PANELS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (USD BILLION)
    9.11 FUEL TANKS
           9.11.1 ASIA OCEANIA IS THE LARGEST MARKET FOR LIGHTWEIGHT MATERIAL IN FUEL TANK
                  TABLE 132 FUEL TANKS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (TMT)
                  TABLE 133 FUEL TANKS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (USD BILLION)
                  TABLE 134 FUEL TANKS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (TMT)
                  TABLE 135 FUEL TANKS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (USD BILLION)

10 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY VEHICLE TYPE (Page No. - 130)
Note – The Chapter is Further Segmented by Passenger Cars, Light commercial vehicles, and heavy commercial vehicles and Regional Level (Asia Pacific, Europe, North America and RoW)
     10.1 INTRODUCTION
             10.1.1 RESEARCH METHODOLOGY
             10.1.2 ASSUMPTIONS/LIMITATIONS
             10.1.3 INDUSTRY INSIGHTS
                    FIGURE 25 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY VEHICLE TYPE, 2020 & 2025 (USD BILLION)
                    TABLE 136 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY VEHICLE TYPE, 2017–2019 (TMT)
                    TABLE 137 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY VEHICLE TYPE, 2017–2019 (USD BILLION)
                    TABLE 138 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY VEHICLE TYPE, 2020–2025(TMT)
                    TABLE 139 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY VEHICLE TYPE, 2020–2025 (USD BILLION)
     10.2 PASSENGER CARS
             10.2.1 EUROPE IS THE LARGEST MARKET FOR LIGHTWEIGHT MATERIAL IN PASSENGER CAR
                    TABLE 140 PASSENGER CARS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (TMT)
                    TABLE 141 PASSENGER CARS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (USD BILLION)
                    TABLE 142 PASSENGER CARS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (TMT)
                    TABLE 143 PASSENGER CARS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (USD BILLION)
     10.3 LIGHT COMMERCIAL VEHICLES (LCV)
             10.3.1 NORTH AMERICA IS THE FASTEST-GROWING MARKET FOR LIGHTWEIGHT MATERIAL IN LCV
                    TABLE 144 LCV LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (TMT)
                    TABLE 145 LCV: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (USD BILLION)
                    TABLE 146 LCV: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (TMT)
                    TABLE 147 LCV: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (USD BILLION)
     10.4 HEAVY COMMERCIAL VEHICLES (HCV)
             10.4.1 ASIA OCEANIA IS THE LARGEST MARKET FOR LIGHTWEIGHT MATERIAL IN HCV
                    TABLE 148 HCV: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017-2019 (TMT)
                    TABLE 149 HCV: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017-2019 (USD BILLION)
                    TABLE 150 HCV: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (TMT)
                    TABLE 151 HCV: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (USD BILLION)

11 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY ELECTRIC & HYBRID VEHICLE TYPE (Page No. - 139)
Note – The Chapter is Further Segmented by BEV, HEV, PHEV, Electric Truck, Electric Bus and Regional Level (Asia Pacific, Europe, North America and RoW)
     11.1 INTRODUCTION
             11.1.1 RESEARCH METHODOLOGY
             11.1.2 ASSUMPTIONS/LIMITATIONS
             11.1.3 INDUSTRY INSIGHTS
                    FIGURE 26 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY ELECTRIC & HYBRID VEHICLE TYPE, 2020 VS. 2025 (USD BILLION)
                    TABLE 152 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY ELECTRIC & HYBRID VEHICLE TYPE, 2017–2019 (TMT)
                    TABLE 153 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY ELECTRIC & HYBRID VEHICLE TYPE, 2017–2019 (USD BILLION)
                    TABLE 154 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY ELECTRIC & HYBRID VEHICLE TYPE, 2020–2025 (TMT)
                    TABLE 155 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY ELECTRIC & HYBRID VEHICLE TYPE, 2020–2025 (USD BILLION)
     11.2 BATTERY ELECTRIC VEHICLE
             11.2.1 NORTH AMERICA IS THE LARGEST MARKET FOR LIGHTWEIGHT MATERIAL IN BEV
                    TABLE 156 BEV LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (TMT)
                    TABLE 157 BEV LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (USD BILLION)
                    TABLE 158 BEV LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (TMT)
                    TABLE 159 BEV LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (USD BILLION)
     11.3 HYBRID ELECTRIC VEHICLE
             11.3.1 NORTH AMERICA IS THE LARGEST MARKET FOR LIGHTWEIGHT MATERIAL IN HEV
                    TABLE 160 HEV LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (TMT)
                    TABLE 161 HEV LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (USD BILLION)
                    TABLE 162 HEV LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (TMT)
                    TABLE 163 HEV LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (USD BILLION)
     11.4 PLUG-IN HYBRID ELECTRIC VEHICLE
             11.4.1 ASIA OCEANIA IS THE FASTEST GROWING MARKET FOR LIGHTWEIGHT MATERIAL IN PHEV
                    TABLE 164 PHEV LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (TMT)
                    TABLE 165 PHEV LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (USD BILLION)
                    TABLE 166 PHEV LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (TMT)
                    TABLE 167 PHEV LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (USD BILLION)
     11.5 ELECTRIC TRUCK
             11.5.1 NORTH AMERICA IS THE LARGEST MARKET FOR LIGHTWEIGHT MATERIAL IN ELECTRIC TRUCK
                    TABLE 168 ELECTRIC TRUCK LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (TMT)
                    TABLE 169 ELECTRIC TRUCK LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (USD BILLION)
     11.6 ELECTRIC BUS
             11.6.1 ASIA OCEANIA IS THE LARGEST MARKET IN LIGHTWEIGHT MATERIAL FOR BUS DUE TO THE HIGHER SALE AND USAGE OF ELECTRIC BUS IN CHINA
                    TABLE 170 ELECTRIC BUS LIGHTWEIGHT MARKET, BY REGION, 2017–2019 (TMT)
                    TABLE 171 ELECTRIC BUS LIGHTWEIGHT MARKET, BY REGION, 2017–2019 (USD BILLION)
                    TABLE 172 ELECTRIC BUS LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (TMT)
                    TABLE 173 ELECTRIC BUS LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (USD BILLION)

12 ELECTRIC VEHICLE LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE (Page No. - 150)
Note – The Chapter is Further Segmented by Metals, Plastics, Composites, Elastomer and Further Segmented by BEV, HEV, PHEV, Electric Truck, Electric Bus
     12.1 INTRODUCTION
             12.1.1 RESEARCH METHODOLOGY
             12.1.2 INDUSTRY INSIGHTS
                    FIGURE 27 ELECTRIC VEHICLE LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2020 & 2025 (USD BILLION)
                    TABLE 174 ELECTRIC VEHICLE LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2017–2019 (TMT)
                    TABLE 175 ELECTRIC VEHICLE LIGHTWEIGHT MATERIAL, BY MATERIAL TYPE, 2017–2019 (USD BILLION)
                    TABLE 176 ELECTRIC VEHICLE LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2020–2025 (TMT)
                    TABLE 177 ELECTRIC VEHICLE LIGHTWEIGHT MATERIAL, BY MATERIAL TYPE, 2020–2025 (USD BILLION)
     12.2 METALS
             12.2.1 BEV IS THE LARGEST LIGHTWEIGHT MATERIAL MARKET FOR METALS
                    TABLE 178 ELECTRIC VEHICLE LIGHTWEIGHT METAL MARKET, BY VEHICLE TYPE, 2017–2019 (TMT)
                    TABLE 179 ELECTRIC VEHICLE LIGHTWEIGHT METAL MARKET, BY VEHICLE TYPE, 2017–2019 (USD BILLION)
                    TABLE 180 ELECTRIC VEHICLE LIGHTWEIGHT METAL MARKET, BY VEHICLE TYPE, 2020–2025 (TMT)
                    TABLE 181 ELECTRIC VEHICLE LIGHTWEIGHT METAL MARKET, BY VEHICLE TYPE, 2020–2025 (USD BILLION)
     12.3 COMPOSITES
             12.3.1 BEV IS THE LARGEST LIGHTWEIGHT MATERIAL MARKET FOR COMPOSITES
                    TABLE 182 ELECTRIC VEHICLE LIGHTWEIGHT COMPOSITES MARKET, BY VEHICLE TYPE, 2017–2019 (TMT)
                    TABLE 183 ELECTRIC VEHICLE LIGHTWEIGHT COMPOSITES MARKET, BY VEHICLE TYPE, 2017–2019 (USD BILLION)
                    TABLE 184 ELECTRIC VEHICLE LIGHTWEIGHT COMPOSITES MARKET, BY VEHICLE TYPE, 2020–2025 (TMT)
                    TABLE 185 ELECTRIC VEHICLE LIGHTWEIGHT COMPOSITES MARKET, BY VEHICLE TYPE, 2020–2025 (USD BILLION)
     12.4 PLASTICS
             12.4.1 BEV IS THE LARGEST LIGHTWEIGHT MATERIAL MARKET FOR PLASTICS
                    TABLE 186 ELECTRIC VEHICLE PLASTICS MARKET, BY VEHICLE TYPE, 2017–2019 (TMT)
                    TABLE 187 ELECTRIC VEHICLE PLASTICS MARKET, BY VEHICLE TYPE, 2017–2019 (USD BILLION)
                    TABLE 188 ELECTRIC VEHICLE PLASTICS MARKET, BY VEHICLE TYPE, 2020–2025 (TMT)
                    TABLE 189 ELECTRIC VEHICLE PLASTICS MARKET, BY VEHICLE TYPE, 2020–2025 (USD BILLION)
     12.5 ELASTOMER
             12.5.1 BUS IS THE LARGEST LIGHTWEIGHT MATERIAL MARKET FOR ELASTOMERS
                    TABLE 190 ELECTRIC VEHICLE ELASTOMER MARKET, BY VEHICLE TYPE, 2017–2019 (TMT)
                    TABLE 191 ELECTRIC VEHICLE ELASTOMER MARKET, BY VEHICLE TYPE, 2017–2019 (USD BILLION)
                    TABLE 192 ELECTRIC VEHICLE ELASTOMER MARKET, BY VEHICLE TYPE, 2020–2025 (TMT)
                    TABLE 193 ELECTRIC VEHICLE ELASTOMER MARKET, BY VEHICLE TYPE, 2020–2025 (USD BILLION)

13 AUTOMOTIVE LIGHTWEIGHT VEHICLE MARKET, BY REGION (Page No. - 162)
Note – The Chapter is Further Segmented at Regional and Country Level Further Segmented By Metal, Plastic, Composite, Elastomer
     13.1 INTRODUCTION
             13.1.1 RESEARCH METHODOLOGY
             13.1.2 ASSUMPTIONS/LIMITATIONS
             13.1.3 INDUSTRY INSIGHTS
                    FIGURE 28 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2019 VS. 2025 (USD BILLION)
                    TABLE 194 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (TMT)
                    TABLE 195 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (USD BILLION)
                    TABLE 196 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (TMT)
                    TABLE 197 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (USD BILLION)
     13.2 ASIA OCEANIA
          FIGURE 29 ASIA OCEANIA: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY COUNTRY, 2020 VS. 2025
          TABLE 198 ASIA OCEANIA LIGHTWEIGHT MATERIAL MARKET, BY COUNTRY, 2017–2019 (TMT)
          TABLE 199 ASIA OCEANIA LIGHTWEIGHT MATERIAL MARKET, BY COUNTRY, 2017–2019 (USD BILLION)
          TABLE 200 ASIA OCEANIA LIGHTWEIGHT MATERIAL MARKET, BY COUNTRY, 2020–2025 (TMT)
          TABLE 201 ASIA OCEANIA LIGHTWEIGHT MATERIAL MARKET, BY COUNTRY, 2020–2025 (USD BILLION)
             13.2.1 CHINA
                        13.2.1.1 China vehicle production data
                                 TABLE 202 CHINA: VEHICLE PRODUCTION, BY VEHICLE TYPE, 2017–2019 (‘000 UNITS)
                        13.2.1.2 Plastic is the largest segment in China because of the lower price
                                 TABLE 203 CHINA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2017–2019 (TMT)
                                 TABLE 204 CHINA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2017–2019 (USD BILLION)
                                 TABLE 205 CHINA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2020–2025 (TMT)
                                 TABLE 206 CHINA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2020–2025 (USD BILLION)
             13.2.2 JAPAN
                    TABLE 207 JAPAN: VEHICLE PRODUCTION, BY VEHICLE TYPE, 2017–2019 (‘000 UNITS)
                        13.2.2.1 Metal is the largest segment in Japan as Japanese automakers focus on high quality products over price
                                 TABLE 208 JAPAN LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2017–2019 (TMT)
                                 TABLE 209 JAPAN LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2017–2019 (USD BILLION)
                                 TABLE 210 JAPAN LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2020–2025 (TMT)
                                 TABLE 211 JAPAN LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2020–2025 (USD BILLION)
             13.2.3 INDIA
                        13.2.3.1 India vehicle production data
                                 TABLE 212 INDIA: VEHICLE PRODUCTION, BY VEHICLE TYPE, 2017–2019 (‘000 UNITS)
                        13.2.3.2 Metal is the largest segment in India due to heavy usage of HSS
                                 TABLE 213 INDIA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2017–2019 (TMT)
                                 TABLE 214 INDIA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2017–2019 (USD BILLION)
                                 TABLE 215 INDIA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2020–2025 (TMT)
                                 TABLE 216 INDIA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2020–2025 (USD BILLION)
             13.2.4 SOUTH KOREA
                        13.2.4.1 South Korea vehicle production data
                                 TABLE 217 SOUTH KOREA: VEHICLE PRODUCTION, BY VEHICLE TYPE, 2017–2019 (‘000 UNITS)
                        13.2.4.2 Metal is the fastest-growing segment in South Korea as Korean manufacturers prefer aluminum and HSS
                                 TABLE 218 SOUTH KOREA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2017–2019 (TMT)
                                 TABLE 219 SOUTH KOREA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2017–2019 (USD BILLION)
                                 TABLE 220 SOUTH KOREA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2020–2025 (TMT)
                                 TABLE 221 SOUTH KOREA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2020–2025 (USD BILLION)
     13.3 EUROPE
          FIGURE 30 EUROPE: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY COUNTRY, 2020 VS. 2025
          TABLE 222 EUROPE LIGHTWEIGHT MATERIAL MARKET, BY COUNTRY, 2017–2019 (TMT)
          TABLE 223 EUROPE LIGHTWEIGHT MATERIAL MARKET, BY COUNTRY, 2017–2019 (USD BILLION)
          TABLE 224 EUROPE LIGHTWEIGHT MATERIAL MARKET, BY COUNTRY, 2020–2025 (TMT)
          TABLE 225 EUROPE LIGHTWEIGHT MATERIAL MARKET, BY COUNTRY, 2020–2025 (USD BILLION)
             13.3.1 GERMANY
                        13.3.1.1 Germany vehicle production data
                                 TABLE 226 GERMANY: VEHICLE PRODUCTION, BY VEHICLE TYPE, 2017–2019 (‘000 UNITS)
                        13.3.1.2 Composite is the fastest-growing segment in Germany as it is a potential substitute for steel
                                 TABLE 227 GERMANY LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2017–2019 (TMT)
                                 TABLE 228 GERMANY LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2017–2019 (USD BILLION)
                                 TABLE 229 GERMANY LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2020–2025 (TMT)
                                 TABLE 230 GERMANY LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2020–2025 (USD BILLION)
             13.3.2 FRANCE
                        13.3.2.1 France vehicle production data
                                 TABLE 231 FRANCE: VEHICLE PRODUCTION, BY VEHICLE TYPE, 2017–2019 (‘000 UNITS)
                        13.3.2.2 Metal is the largest segment in France as the usage of aluminum and HSS is higher
                                 TABLE 232 FRANCE LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2017–2019 (TMT)
                                 TABLE 233 FRANCE LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2017–2019 (USD BILLION)
                                 TABLE 234 FRANCE LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2020–2025 (TMT)
                                 TABLE 235 FRANCE LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2020–2025 (USD BILLION)
             13.3.3 RUSSIA
                        13.3.3.1 Russia vehicle production data
                                 TABLE 236 RUSSIA: VEHICLE PRODUCTION, BY VEHICLE TYPE, 2017–2019 (‘000 UNITS)
                        13.3.3.2 Metal is the largest segment in Russia as the usage of aluminum and HSS is higher
                                 TABLE 237 RUSSIA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2017–2019 (TMT)
                                 TABLE 238 RUSSIA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2017–2019 (USD BILLION)
                                 TABLE 239 RUSSIA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2020–2025 (TMT)
                                 TABLE 240 RUSSIA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2020–2025 (USD BILLION)
             13.3.4 UK
                        13.3.4.1 UK vehicle production data
                                 TABLE 241 UK: VEHICLE PRODUCTION, BY VEHICLE TYPE, 2017–2019 (‘000 UNITS)
                        13.3.4.2 Metal is the largest segment in the UK as the usage of aluminum and HSS is higher
                                 TABLE 242 UK LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2017–2019 (TMT)
                                 TABLE 243 UK LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2017–2019 (USD BILLION)
                                 TABLE 244 UK LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2020–2025 (TMT)
                                 TABLE 245 UK LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2020–2025 (USD BILLION)
             13.3.5 SPAIN
                        13.3.5.1 Spain vehicle production data
                                 TABLE 246 SPAIN: VEHICLE PRODUCTION, BY VEHICLE TYPE, 2017–2019 (‘000 UNITS)
                        13.3.5.2 Metal is the largest segment in Spain as the usage of aluminum and HSS is higher
                                 TABLE 247 SPAIN LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2017–2019 (TMT)
                                 TABLE 248 SPAIN LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2017–2019 (USD BILLION)
                                 TABLE 249 SPAIN LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2020–2025 (TMT)
                                 TABLE 250 SPAIN LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2020–2025 (USD BILLION)
             13.3.6 REST OF EUROPE
                        13.3.6.1 Metal is the largest segment in Rest of Europe as the usage of aluminum and HSS is higher
                                 TABLE 251 REST OF EUROPE LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2017–2019 (TMT)
                                 TABLE 252 REST OF EUROPE LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2017–2019 (USD BILLION)
                                 TABLE 253 REST OF EUROPE LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2020–2025 (TMT)
                                 TABLE 254 REST OF EUROPE LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2020–2025 (USD BILLION)
     13.4 NORTH AMERICA
          FIGURE 31 NORTH AMERICA: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY COUNTRY, 2020 VS. 2025 (USD BILLION)
          TABLE 255 NORTH AMERICA LIGHTWEIGHT MATERIAL MARKET, BY COUNTRY, 2017–2019 (TMT)
          TABLE 256 NORTH AMERICA LIGHTWEIGHT MATERIAL MARKET, BY COUNTRY, 2017–2019 (USD BILLION)
          TABLE 257 NORTH AMERICA LIGHTWEIGHT MATERIAL MARKET, BY COUNTRY, 2020–2025 (TMT)
                                 TABLE 258 NORTH AMERICA LIGHTWEIGHT MATERIAL MARKET, BY COUNTRY, 2020–2025 (USD BILLION)
             13.4.1 US
                        13.4.1.1 US vehicle production data
                                 TABLE 259 US: VEHICLE PRODUCTION, BY VEHICLE TYPE, 2017–2019 (‘000 UNITS)
                        13.4.1.2 Metal is the largest segment in US
                                 TABLE 260 US LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2017–2019 (TMT)
                                 TABLE 261 US LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2017–2019 (USD BILLION)
                                 TABLE 262 US LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2020–2025 (TMT)
                                 TABLE 263 US LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2020–2025 (USD BILLION)
             13.4.2 CANADA
                        13.4.2.1 Canada vehicle production data
                                 TABLE 264 CANADA: VEHICLE PRODUCTION, BY VEHICLE TYPE, 2017–2019 (‘000 UNITS)
                        13.4.2.2 Metal is the largest segment in Canada
                                 TABLE 265 CANADA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2017–2019 (TMT)
                                 TABLE 266 CANADA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2017–2019 (USD BILLION)
                                 TABLE 267 CANADA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2020–2025 (TMT)
                                 TABLE 268 CANADA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2020–2025 (USD BILLION)
             13.4.3 MEXICO
                        13.4.3.1 Mexico vehicle production data
                                 TABLE 269 MEXICO: VEHICLE PRODUCTION, BY VEHICLE TYPE, 2017–2019 (‘000 UNITS)
                        13.4.3.2 Metal is the largest segment in Mexico
                                 TABLE 270 MEXICO LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2017–2019 (TMT)
                                 TABLE 271 MEXICO LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2017–2019 (USD BILLION)
                                 TABLE 272 MEXICO LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2020–2025 (TMT)
                                 TABLE 273 MEXICO LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2020–2025 (USD BILLION)
     13.5 REST OF THE WORLD (ROW)
          FIGURE 32 ROW: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY COUNTRY, 2020 & 2025 (USD BILLION)
          TABLE 274 ROW LIGHTWEIGHT MATERIAL MARKET, BY COUNTRY, 2017–2019 (TMT)
          TABLE 275 ROW LIGHTWEIGHT MATERIAL MARKET, BY COUNTRY, 2017–2019 (USD BILLION)
          TABLE 276 ROW LIGHTWEIGHT MATERIAL MARKET, BY COUNTRY, 2020–2025 (TMT)
          TABLE 277 ROW LIGHTWEIGHT MATERIAL MARKET, BY COUNTRY, 2020–2025 (USD BILLION)
             13.5.1 BRAZIL
                        13.5.1.1 Brazil vehicle production data
                                 TABLE 278 BRAZIL: VEHICLE PRODUCTION, BY VEHICLE TYPE, 2017–2019 (‘000 UNITS)
                        13.5.1.2 Metal is the fastest-growing segment in Brazil
                                 TABLE 279 BRAZIL LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2017–2019 (TMT)
                                 TABLE 280 BRAZIL LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2017–2019 (USD BILLION)
                                 TABLE 281 BRAZIL LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2020–2025 (TMT)
                                 TABLE 282 BRAZIL LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2020–2025 (USD BILLION)
             13.5.2 SOUTH AFRICA
                        13.5.2.1 South Africa vehicle production data
                                 TABLE 283 SOUTH AFRICA: VEHICLE PRODUCTION, BY VEHICLE TYPE, 2017–2019 (‘000 UNITS)
                        13.5.2.2 Metal is the largest segment in South Africa
                                 TABLE 284 SOUTH AFRICA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2017–2019 (TMT)
                                 TABLE 285 SOUTH AFRICA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2017–2019 (USD BILLION)
                                 TABLE 286 SOUTH AFRICA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2020–2025 (TMT)
                                 TABLE 287 SOUTH AFRICA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2020–2025 (USD BILLION)
             13.5.3 REST OF ROW
                        13.5.3.1 Metal is the fastest growing segment in Rest of RoW
                                 TABLE 288 REST OF ROW LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2017–2019 (TMT)
                                 TABLE 289 REST OF ROW LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2017–2019 (USD BILLION)
                                 TABLE 290 REST OF ROW LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2020–2025 (TMT)
                                 TABLE 291 REST OF ROW LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2020–2025 (USD BILLION)

14 RECOMMENDATIONS BY MARKETSANDMARKETS (Page No. - 203)
     14.1 ASIA OCEANIA WILL BE THE KEY MARKET FOR LIGHTWEIGHT MATERIAL SUPPLIERS
     14.2 COMPOSITES CAN BE A KEY FOCUS FOR LIGHTWEIGHT MATERIAL SUPPLIERS
     14.3 CONCLUSION

15 ADJACENT MARKETS (Page No. - 205)
     15.1 ADJACENT & RELATED MARKETS
             15.1.1 INTRODUCTION
                    TABLE 292 ADJACENT MARKETS OF AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKETS
     15.2 LIMITATIONS
     15.3 AUTOMOTIVE LIGHTWEIGHT MATERIAL ECOSYSTEM & INTERCONNECTED MARKETS
          FIGURE 33 AUTOMOTIVE LIGHTWEIGHT MATERIAL ECOSYSTEM & INTERCONNECTED MARKETS
     15.4 BODY IN WHITE MARKET
             15.4.1 MARKET DEFINITION
             15.4.2 MARKET OVERVIEW
                    FIGURE 34 BODY IN WHITE MARKET, BY REGION (MILLION USD)
             15.4.3 BODY IN WHITE MARKET, BY REGION
                    TABLE 293 BODY IN WHITE MARKET SIZE, BY REGION, 2018–2027 (000’ UNITS)
                    TABLE 294 BODY IN WHITE MARKET SIZE, BY REGION, 2018–2027 (USD BILLION)
     15.5 COMPOSITES MARKET
             15.5.1 MARKET DEFINITION
             15.5.2 MARKET OVERVIEW
     15.6 COMPOSITES MARKET, BY MANUFACTURING PROCESS AND REGION
          FIGURE 35 APAC WAS THE LARGEST MARKET AND LAY-UP THE LARGEST MANUFACTURING PROCESS
     15.7 COMPOSITES MARKET
          TABLE 295 COMPOSITES MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
          TABLE 296 COMPOSITES MARKET SIZE, BY REGION, 2017–2024 (KILOTON)
     15.8 METAL CASTING MARKET
             15.8.1 MARKET DEFINITION
             15.8.2 MARKET OVERVIEW
             15.8.3 METAL CASTING MARKET
                    FIGURE 36 GLOBAL METAL CASTING MARKET, BY REGION, 2017 VS. 2025 (USD MILLION)
                    TABLE 297 METAL CASTING MARKET SIZE, BY REGION, 2015–2025 (THOUSAND METRIC TONS)
                    TABLE 298 METAL CASTING MARKET SIZE, BY REGION, 2015–2025 (USD MILLION)
     15.9 METAL FORMING MARKET
             15.9.1 MARKET DEFINITION
             15.9.2 MARKET OVERVIEW
             15.9.3 METAL FORMING MARKET
                    FIGURE 37 METAL FORMING MARKET FOR AUTOMOTIVE, BY REGION, 2020 VS. 2025 (USD BILLION)
                    TABLE 299 METAL FORMING MARKET FOR AUTOMOTIVE, BY REGION, 2017–2025 (MILLION TON)
                    TABLE 300 METAL FORMING MARKET FOR AUTOMOTIVE, BY REGION, 2017–2025 (USD BILLION)

16 COMPETITIVE LANDSCAPE (Page No. - 216)
     16.1 OVERVIEW
     16.2 COMPETITIVE LEADERSHIP MAPPING
             16.2.1 VISIONARY LEADERS
             16.2.2 INNOVATORS
             16.2.3 DYNAMIC DIFFERENTIATORS
             16.2.4 EMERGING COMPANIES
     16.3 COMPETITIVE LEADERSHIP MAPPING MATRIX - LIGHTWEIGHT MATERIAL SUPPLIERS
          FIGURE 38 COMPETITIVE LEADERSHIP MAPPING MATRIX - LIGHTWEIGHT MATERIAL SUPPLIERS, 2018
     16.4 COMPANY-WISE PRODUCT OFFERING ANALYSIS – LIGHTWEIGHT MATERIAL SUPPLIERS
     16.5 COMPANY-WISE BUSINESS STRATEGY ANALYSIS – LIGHTWEIGHT MATERIAL SUPPLIERS
     16.6 COMPETITIVE LEADERSHIP MAPPING - LIGHTWEIGHT COMPONENT MANUFACTURERS
          FIGURE 39 COMPETITIVE LEADERSHIP MAPPING - LIGHTWEIGHT COMPONENT MANUFACTURERS, 2018
     16.7 COMPANY-WISE PRODUCT OFFERING ANALYSIS - LIGHTWEIGHT COMPONENT MANUFACTURERS
     16.8 COMPANY-WISE BUSINESS STRATEGY ANALYSIS - LIGHTWEIGHT COMPONENT MANUFACTURERS
     16.9 MARKET SHARE ANALYSIS
          FIGURE 40 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET SHARE, FOR KEY PLAYERS, 2018
          FIGURE 41 COMPANIES ADOPTED NEW PRODUCT DEVELOPMENT AND EXPANSIONS AS A KEY GROWTH STRATEGY
     16.10 COMPETITIVE SCENARIO
             16.10.1 NEW PRODUCT DEVELOPMENTS
                     TABLE 301 NEW PRODUCT DEVELOPMENTS
             16.10.2 EXPANSIONS
                     TABLE 302 EXPANSIONS
             16.10.3 MERGERS & ACQUISITIONS
                     TABLE 303 MERGERS & ACQUISITIONS
             16.10.4 PARTNERSHIPS/AGREEMENTS/SUPPLY CONTRACTS/ COLLABORATIONS/JOINT VENTURES
                     TABLE 304 PARTNERSHIPS/AGREEMENTS/SUPPLY CONTRACTS/COLLABORATIONS/ JOINT VENTURES

17 COMPANY PROFILES (Page No. - 234)
(Business overview, Products offered, Recent developments & SWOT analysis)*
     17.1 BASF SE
          FIGURE 42 BASF SE: COMPANY SNAPSHOT
     17.2 COVESTRO AG
          FIGURE 43 COVESTRO AG: COMPANY SNAPSHOT
     17.3 LYONDELLBASELL INDUSTRIES HOLDINGS B.V.
          FIGURE 44 LYONDELLBASELL INDUSTRIES HOLDINGS B.V.: COMPANY SNAPSHOT
     17.4 TORAY INDUSTRIES, INC.
          FIGURE 45 TORAY INDUSTRIES, INC.: COMPANY SNAPSHOT
     17.5 ARCELORMITTAL
          FIGURE 46 ARCELORMITTAL: COMPANY SNAPSHOT
     17.6 THYSSENKRUPP AG
          FIGURE 47 THYSSENKRUPP AG: COMPANY SNAPSHOT
     17.7 NOVELIS, INC.
          FIGURE 48 NOVELIS, INC.: COMPANY SNAPSHOT
     17.8 ALCOA CORPORATION
          FIGURE 49 ALCOA CORPORATION: COMPANY SNAPSHOT
     17.9 OWENS CORNING
          FIGURE 50 OWENS CORNING: COMPANY SNAPSHOT
     17.10 STRATASYS LTD.
           FIGURE 51 STRATASYS LTD.: COMPANY SNAPSHOT
*Details on Business overview, Products offered, Recent developments & SWOT analysis might not be captured in case of unlisted companies.
     17.11 ADDITIONAL COMPANIES
             17.11.1 ASIA OCEANIA
                        17.11.1.1 Tata Steel
                        17.11.1.2 POSCO
             17.11.2 EUROPE
                        17.11.2.1 SGL Carbon
                        17.11.2.2 Lanxess
                        17.11.2.3 Borealis AG
             17.11.3 NORTH AMERICA
                        17.11.3.1 DowDuPont
                        17.11.3.2 AK Steel Corporation
                        17.11.3.3 U.S. Magnesium LLC
                        17.11.3.4 Aleris Corporation
             17.11.4 ROW
                        17.11.4.1 WHB Brasil

18 APPENDIX (Page No. - 265)
     18.1 INSIGHTS OF INDUSTRY EXPERTS
     18.2 DISCUSSION GUIDE
     18.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     18.4 AVAILABLE CUSTOMIZATIONS
             18.4.1 METALS
                        18.4.1.1 HSS
                        18.4.1.2 Aluminum
                        18.4.1.3 Magnesium & Titanium
             18.4.2 COMPOSITES
                        18.4.2.1 CFRP
                        18.4.2.2 GFRP
                        18.4.2.3 NFRP
                        18.4.2.4 Other Composites
             18.4.3 PLASTICS
                        18.4.3.1 PC
                        18.4.3.2 ABS
                        18.4.3.3 PA
                        18.4.3.4 PP
                        18.4.3.5 PU
                        18.4.3.6 Others
             18.4.4 ELASTOMER
                        18.4.4.1 EPDM
                        18.4.4.2 NR
                        18.4.4.3 SBR
                        18.4.4.4 Others
     18.5 RELATED REPORTS
     18.6 AUTHOR DETAILS

The study involves 4 main activities to estimate the current size of the automotive lightweight material market. Exhaustive secondary research was done to collect information on the market, such as the automotive lightweight material types, upcoming technologies, and upcoming automotive lightweight materials. The next step was to validate these findings, assumptions, and market analysis with industry experts across value chains through primary research. A mix of bottom-up and top-down approach was employed to estimate the market size for different segments considered under this study.

Secondary Research

The secondary sources referred for this research study include automotive lightweight material organizations such as the European Automobile Manufacturers’ Association, The Institute for Advanced Composites Manufacturing Innovation, corporate filings (such as annual reports, investor presentations, and financial statements), Factiva, CrunchBase, Bloomberg and trade, business, and automotive associations. Secondary data has been collected and analyzed to arrive at the overall market size, which is further validated by multiple industry experts.

Primary Research

Extensive primary research has been conducted after acquiring an understanding of the automotive lightweight material market scenario through secondary research. Several primary interviews have been conducted with market experts from both the demand- (users) and supply-side (all-terrain vehicle manufacturers) across 4 major regions, namely, North America, Europe, Asia Oceania, and the Rest of the World. Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, we have strived to cover various departments within organizations, such as sales, operations, vehicle planning, production and administration, to provide a holistic viewpoint in our report.

After interacting with industry experts, we also conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report.

Automotive Lightweight Materials Markett Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Bottom-Up Approach

The bottom-up approach has been used to estimate and validate the size of the global automotive lightweight material market. The market size, by volume, of automotive lightweight materials, by material type – Metals, Composites, Plastics & Elastomers, has been derived by identifying the penetration of different materials in each vehicle type in key countries. To determine the market size, in terms of volume, of automotive lightweight materials, the average vehicle weight has been multiplied by country level shares of lightweight material type considered in the study and then further multiplied with the vehicle production numbers to get the country level lightweight material volume. This country level market size, in terms of volume, of lightweight materials for each vehicle type is then multiplied with the country level average OE price (AOP) (weighted average method is used to derive country level prices) of lightweight materials for each material type. This results in the country-level market size, in terms of value. The summation of the country level market gives the regional market and further summation of the regional market provides the global automotive lightweight material market.

While estimating the regional segmentation of the automotive lightweight material market, by material type, the regional shares of automotive lightweight materials have been identified and applied to the regional market size, in terms of volume, of lightweight materials. To calculate the demand for automotive lightweight materials, the average weight of various vehicle segments at a regional level is found and this weight is multiplied with the regional lightweight material market size, in terms of volume. The lightweight materials demand is identified in thousand metric tons. With the addition of this regional market size, in terms of volume (thousand metric tons), the global automotive lightweight material market has been identified.

Automotive Lightweight Materials Markett Bottom-Up Approach

Top-Down Approach

The top-down approach has been used to derive the automotive lightweight material market based on application. The average use of lightweight materials in an application is found for each vehicle type in the region. These market shares of each application are then multiplied with the regional lightweight material market to find out the volume by application, in terms of thousand metric tons. All percentage shares, splits, and breakdowns have been determined using secondary paid and unpaid sources, and verified through primary research. All parameters that are said to affect the markets covered in this research study have been accounted for, reviewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The data has been consolidated and enhanced with detailed inputs and analysis from MarketsandMarkets and presented in this report. The following figure is an illustrative representation of the overall market size estimation process employed for this study.

Automotive Lightweight Materials Markett Top-Down Approach

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All parameters that are said to affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. The data has been consolidated, enhanced with detailed inputs and analysis from MarketsandMarkets, and presented in the report.

Report Objectives

  • To define, segment, analyze, and forecast (2017–2025) the global automotive lightweight material market, in terms of volume (thousand metric tons) and value (USD billion)
  •  To segment and forecast the global automotive lightweight material market, by volume and value, based on type (Metals (HSS, aluminum, magnesium & titanium), Composites (CFRP, GFRP, NFRP, Others), Plastic (PC, ABS, PA, PP, PU & Others) and Elastomers (EPDM, NR, SBR & Others))
  •  To segment and forecast the global automotive lightweight material market, by volume and value, based on application (body in white, chassis & suspension, powertrain, closures, interior, and others)
  •  To segment and forecast the global automotive lightweight material market, by volume and value, based on component (frame, wheel, bumper & fender, engine & exhaust, transmission, fuel tank, doors, hood & trunk lid, seat, and instrument panel)
  •  To segment and forecast the global automotive lightweight material market, by volume and value, based on electric and hybrid vehicle type (BEV, HEV, PHEV, Truck, and Bus)
  • To segment and forecast the global automotive lightweight material market, by volume and value, based on IC vehicle type (PC, LCV, and HCV)
  •  To segment and forecast the global automotive lightweight material market, by volume and value, in electric vehicles, based on material type (metals, composites, plastics, and rubber)
  •  To segment and forecast the global automotive lightweight material market, by volume and value, based on region (North America, Europe, Asia Oceania, and the Rest of the World (RoW)
  •  To analyze the competitive leadership mapping for the key market players based on their product offerings and business strategies to find the dynamic differentiators, innovators, visionary leaders, and emerging companies in the global automotive lightweight material market
  •  To identify the market dynamics (drivers, restraints, opportunities, and challenges) and analyze their impact on the global automotive lightweight material market
  •  To track and analyze recent developments, collaborations, joint ventures, product innovations, and mergers & acquisitions in the global automotive lightweight material market

Available Customizations

With the given market data, MarketsandMarkets offers customizations in accordance with the company’s specific needs.

Country-Level Lightweight Material Market, By Sub-Material Types

  • METALS
    • HSS
    • Aluminum
    • Magnesium & Titanium
  • COMPOSITES
    • CFRP
    • GFRP
    • NFRP
    • Other Composites
  • PLASTICS
  • PC
  • ABS
  • PA
  • PP
  • PU
  • Others
  • ELASTOMER
    • EPDM
    • NR
    • SBR
    • Others

Note: The countries would be covered: Asia Oceania (China, South Korea, Indonesia, India, and Japan), Europe (Germany, France, UK, Spain, Russia, and Rest of Europe), North America (US, Canada, and Mexico), and the Rest of World (South Africa, Brazil, Rest of RoW) 

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AT 3364
Published ON
Jun, 2020
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