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 Market

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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
1INTRODUCTION (PAGE NO. - 39)
1.1Objectives of the Study
1.2Market Definition
1.3Market Scope
Figure 1Automotive lightweight material: Market segmentation
1.3.1Years considered for the study
1.4Currency
Table 1Currency exchange rates (W.R.T. USD)
1.5Package Size
1.6Limitations
1.7Stakeholders
2RESEARCH METHODOLOGY (PAGE NO. - 43)
2.1Research Data
Figure 2Automotive lightweight material market: Research design
Figure 3Research methodology model
2.1.1Secondary Data
2.1.1.1Key secondary sources for automotive lightweight materials
2.1.1.2Key data from secondary sources
2.1.2Primary Data
Figure 4Breakdown of primary interviews
2.1.2.1Sampling techniques & data collection methods
2.1.2.2Primary participants
2.2Market Size Estimation
2.2.1Bottom-up approach
Figure 5Automotive lightweight material market: Bottom-up approach
2.2.2Top-down Approach
Figure 6Automotive lightweight material market: Top-down approach
2.3Market Breakdown and Data Triangulation
2.4Assumptions
3EXECUTIVE SUMMARY (PAGE NO. - 52)
3.1Pre- & post-COVID-19 scenario
Figure 7Pre- & post-COVID-19 scenario: Automotive lightweight material market, 2017–2025 (USD Billion)
3.2Automotive Lightweight Material: Market Outlook
Figure 8Automotive lightweight material market, by region, 2020 & 2025 (USD Billion)
4PREMIUM INSIGHTS (PAGE NO. - 56)
4.1Automotive Lightweight Material Market Trend, Forecast & Opportunity
Figure 9Rising trend of vehicle electrification offer attractive opportunities for automotive lightweight material market
4.2Automotive Lightweight Material Market, by Region
Figure 10Europe to dominate the automotive lightweight material market during the forecast period
4.3Automotive Lightweight Material Market, by Material Type
Figure 11Metal holds the largest share in the automotive lightweight material market in 2020
4.4Automotive Lightweight Material Market, by Application
Figure 12Body in white holds the largest share in the automotive lightweight material market in 2020
4.5Automotive Lightweight Material Market, by Component
Figure 13Frames holds the largest share in the automotive lightweight material market in 2020
4.6Automotive Lightweight Material Market, by Electric & Hybrid vehicle
Figure 14HEV holds the largest share in the lightweight material market in 2020
4.7Automotive Lightweight Material Market, by Vehicle Type
Figure 15Passenger car holds the largest share in the automotive lightweight material market in 2020
4.8Automotive Lightweight Material Market, by Material type
Figure 16Metals holds the largest share in 2020
5MARKET OVERVIEW (PAGE NO. - 60)
5.1Introduction
5.2Market Dynamics
Figure 17Automotive lightweight material: Market dynamics
5.2.1Drivers
5.2.1.1Stringent emission and fuel economy regulations
Figure 18Global emission regulations, by country, 2014–2025
5.2.1.2Growing government initiatives for weight reduction
5.2.2Restraints
5.2.2.1High cost (material cost and process cost)
5.2.2.1.1High material cost
Table 2Comparison of automotive lightweight material vs. conventional material pricing
5.2.2.1.2High process cost
5.2.2.1.3Price sensitive nature of developing regions
5.2.2.2Opportunities
5.2.2.2.1Upward trend of vehicle electrification
Figure 19Global electric vehicles sales, 2018–2025 (‘000 Units)
5.2.2.2.2Future potential market in Asia Oceania
5.2.2.3Challenges
5.2.2.3.1Maintenance of lightweight material
5.3Industry Trends and Targets
5.3.1Light duty vehicles impact the lightweight material industry
Table 3Weight reduction goals for light duty vehicles
Table 4Future weight reduction targets, by component, 2025 VS. 2050
5.3.2Technological routes for the application of lightweight materials: US
6COVID-19 IMPACT ANALYSIS (PAGE NO. - 68)
6.1COVID-19 Impact Analysis on Automotive Market
Table 5Europe: Loss in vehicle production due to plant shutdowns, by country, (Units)
Figure 20Automotive production: Pre- Vs. post-COVID-19 scenario, 2018–2025 (‘000 Units)
Table 6Automotive production: Pre- Vs. post-COVID-19 scenario, 2018–2025 (‘000 Units)
6.2COVID-19 Impact Analysis on Automotive Lightweight Material Market
6.2.1Automotive lightweight material scenario analysis
Figure 21Automotive lightweight material market scenario, 2017-2025 (USD Billion)
6.2.1.1Realistic Scenario
Table 7Automotive lightweight material market (Realistic scenario), by region, 2017–2025 (USD Billion)
6.2.1.2Low Impact Scenario
Table 8Automotive lightweight material market (Low impact scenario), by region, 2017–2025 (USD Billion)
6.2.1.3High Impact Scenario
Table 9Automotive lightweight material market (High impact scenario), by region, 2017–2025 (billion USD)
7AUTOMOTIVE 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
7.1Introduction
7.1.1Research methodology
7.1.2Assumptions/limitations
7.1.3Industry insights
Figure 22Automotive lightweight material market, by material type, 2020 vs. 2025 (USD Billion)
Table 10Automotive lightweight material market, by material type, 2017–2019 (TMT)
Table 11Automotive lightweight material market, by material type, 2017–2019 (USD Billion)
Table 12Automotive lightweight material market, by material type, 2020–2025 (TMT)
Table 13Automotive lightweight material market, by material type, 2020–2025 (USD Billion)
7.2Metal
Table 14Lightweight metal market, by type, 2017–2019 (TMT)
Table 15Lightweight metal market, by type, 2017-2019 (USD Billion)
Table 16Lightweight metal market, by type, 2020–2025 (TMT)
Table 17Lightweight metal market, by type, 2020-2025 (USD Billion)
7.2.1High Strength Steel (HSS)
Table 18HSS market, by region, 2017–2019 (TMT)
Table 19HSS market, by region, 2017–2019 (USD Billion)
Table 20HSS market, by region, 2020–2025 (TMT)
Table 21HSS market, by region, 2020–2025 (USD Billion)
7.2.2Aluminum
Table 22Aluminum market, by region, 2017–2019 (TMT)
Table 23Aluminum market, by region, 2017–2019 (USD Billion)
Table 24Aluminum market, by region, 2020–2025 (TMT)
Table 25Aluminum market, by region, 2020–2025 (USD Billion)
7.2.3Magnesium & Titanium
Table 26Magnesium & Titanium market, by region, 2017–2019 (TMT)
Table 27Magnesium & Titanium market, by region, 2017–2019 (USD Billion)
Table 28Magnesium & Titanium market, by region, 2020–2025 (TMT)
Table 29Magnesium & Titanium market, by region, 2020–2025 (USD Billion)
7.3Composite
Table 30Lightweight composites market, by type, 2017–2019 (TMT)
Table 31Lightweight composites market, by type, 2017–2019 (USD Billion)
Table 32Lightweight composites market, by type, 2020–2025 (TMT)
Table 33Lightweight composites market, by type, 2020–2025 (USD Billion)
7.3.1Carbon Fiber Reinforced Polymers (CFRP)
Table 34CFRP market, by region, 2017–2019 (TMT)
Table 35CFRP market, by region, 2017–2019 (USD Billion)
Table 36CFRP market, by region, 2020–2025 (TMT)
Table 37CFRP market, by region, 2020–2025 (USD Billion)
7.3.2Glass Fiber Reinforced POLYMER (GFRP)
Table 38GFRP market, by region, 2017–2019 (TMT)
Table 39GFRP market, by region, 2017–2019 (USD Billion)
Table 40GFRP market, by region, 2020–2025 (TMT)
Table 41GFRP market, by region, 2020–2025 (USD Billion)
7.3.3Natural Fiber Reinforced Polymer (NFRP)
Table 42NFRP market, by region, 2017–2019 (TMT)
Table 43NFRP market, by region, 2017–2019 (USD Billion)
Table 44NFRP market, by region, 2020–2025 (TMT)
Table 45NFRP market, by region, 2020–2025 (USD Billion)
7.3.4Other Composites
Table 46Other Composites market, by region, 2017–2019 (TMT)
Table 47Other Composites market, by region, 2017–2019 (USD Billion)
Table 48Other Composites market, by region, 2020–2025 (TMT)
Table 49Other Composites market, by region, 2020–2025 (USD Billion)
7.4Plastic
Table 50Plastic market, by region, 2017–2019 (TMT)
Table 51Plastic market, by region, 2017–2019 (USD Billion)
Table 52Plastic market, by region, 2020–2025 (TMT)
Table 53Plastic market, by region, 2020–2025 (USD Billion)
Table 54Plastic market, by region, 2017-2019 (TMT)
Table 55Plastic market, by region, 2017-2019 (USD Billion)
Table 56Plastic market, by region, 2020-2025 (TMT)
Table 57Plastic market, by region, 2020-2025 (USD Billion)
7.5Elastomer
Table 58Elastomer market, by region, 2017–2019 (TMT)
Table 59Elastomer market, by region, 2017–2019 (USD Billion)
Table 60Elastomer market, by region, 2020–2025 (TMT)
Table 61Elastomer market, by region, 2020–2025 (USD Billion)
Table 62Elastomer market, by type, 2020–2025 (TMT)
Table 63Elastomer market, by Type, 2020–2025 (USD Billion)
8AUTOMOTIVE 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
8.1Introduction
8.1.1Research methodology
8.1.2Assumptions/limitations
8.1.3Industry insights
Figure 23Automotive lightweight material market, by application, 2020 & 2025 (USD Billion)
Table 64Automotive lightweight material market, by application, 2017–2019 (TMT)
Table 65Automotive lightweight material market, by application, 2017–2019 (USD Billion)
Table 66Automotive lightweight material market, by application, 2020–2025 (TMT)
Table 67Automotive lightweight material market, by application, 2020–2025 (USD Billion)
8.2Body in White
8.2.1Europe is the largest market for lightweight material in body in white application
Table 68Body in white: Automotive lightweight material market, by region, 2017–2019 (TMT)
Table 69Body in white: Automotive lightweight material market, by region, 2017–2019 (USD Billion)
Table 70Body in white: Automotive lightweight material market, by region, 2020–2025 (TMT)
Table 71Body in white: Automotive lightweight material market, by region, 2020–2025 (USD Billion)
8.3Chassis and Suspension
8.3.1Europe is the largest market for lightweight material for chassis and suspension application
Table 72Chassis and suspension: Automotive lightweight material market, by region, 2017–2019 (TMT)
Table 73Chassis and suspension: Automotive lightweight material market, by region, 2017–2019 (USD Billion)
Table 74Chassis and suspension: Automotive lightweight material market, by region, 2020–2025 (TMT)
Table 75Chassis and suspension: Automotive lightweight material market, by region, 2020–2025 (USD Billion)
8.4Powertrains
8.4.1Asia Oceania is the fastest growing market for lightweight material in powertrain application
Table 76Powertrains: Automotive lightweight material market, by region, 2017–2019 (TMT)
Table 77Powertrains: Automotive lightweight material market, by region, 2017–2019 (USD Billion)
Table 78Powertrains: Automotive lightweight material market, by region, 2020–2025 (TMT)
Table 79Powertrains: Automotive lightweight material market, by region, 2020–2025 (USD Billion)
8.5Closures
8.5.1Asia Oceania is the largest market for lightweight material in closures application
Table 80Closures: Automotive lightweight material market, by region, 2017–2019 (TMT)
Table 81Closures: Automotive lightweight material market, by region, 2017–2019 (USD Billion)
Table 82Closures: Automotive lightweight material market, by region, 2020–2025 (TMT)
Table 83Closures: Automotive lightweight material market, by region, 2020–2025 (USD Billion)
8.6Interiors
8.6.1Asia Oceania is the fastest market for lightweight material in interiors application
Table 84Interiors: Automotive lightweight material market, by region, 2017–2019 (TMT)
Table 85Interiors: Automotive lightweight material market, by region, 2017–2019 (USD Billion)
Table 86Interiors: Automotive lightweight material market, by region, 2020–2025 (TMT)
Table 87Interiors: Automotive lightweight material market, by region, 2020–2025 (USD Billion)
8.7Others
8.7.1North America is the fastest growing market for lightweight material for other applications
Table 88Others: Automotive lightweight material market, by region, 2017–2019 (TMT)
Table 89Others: Automotive lightweight material market, by region, 2017–2019 (USD Billion)
Table 90Others: Automotive lightweight material market, by region, 2020–2025 (TMT)
Table 91Others: Automotive lightweight material market, by region, 2020–2025 (USD Billion)
9AUTOMOTIVE 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
9.1Introduction
9.1.1Research methodology
9.1.2Industry insights
Figure 24Automotive lightweight material market, by component, 2020 & 2025 (USD Billion)
Table 92Automotive lightweight material market, by component, 2017–2019 (TMT)
Table 93Automotive lightweight material market, by component, 2017–2019 (USD Billion)
Table 94Automotive lightweight material market, by component, 2020–2025 (TMT)
Table 95Automotive lightweight material market, by component, 2020–2025 (USD Billion)
9.2Frames
9.2.1North 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 96Frames: Automotive lightweight material market, by region, 2017–2019 (TMT)
Table 97Frames: Automotive lightweight material market, by region, 2017–2019 (USD Billion)
Table 98Frames: Automotive lightweight material market, by region, 2020–2025 (TMT)
Table 99Frame lightweight material market, by region, 2020–2025 (USD Billion)
9.3Wheels
9.3.1Europe 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 100Wheels: Automotive lightweight material market, by region, 2017–2019 (TMT)
Table 101Wheels: Automotive lightweight material market, by region, 2017–2019 (USD Billion)
Table 102Wheels: Automotive lightweight material market, by region, 2020–2025 (TMT)
Table 103Wheels: Automotive lightweight material market, by region, 2020–2025 (USD Billion)
9.4Bumpers & Fenders
9.4.1Asia Oceania and North America are the fastest-growing markets for lightweight material in bumper & fender
Table 104Bumpers & fenders: Automotive lightweight material market, by region, 2017–2019 (TMT)
Table 105Bumpers & fenders: Automotive lightweight material market, by region, 2017–2019 (USD Billion)
Table 106Bumper & fender lightweight material market, by region, 2020–2025 (TMT)
Table 107Bumpers & fenders: Automotive lightweight material market, by region, 2020–2025 (USD Billion)
9.5Engines & Exhausts
9.5.1Europe is the largest market for lightweight material in engine & exhaust due to the extensive efforts on engine downsizing
Table 108Engines & exhausts: Automotive lightweight material market, by region, 2017–2019 (TMT)
Table 109Engines & exhausts: Automotive lightweight material market, by region, 2017–2019 (USD Billion)
Table 110Engines & exhausts: Automotive lightweight material market, by region, 2020–2025 (TMT)
Table 111Engines & exhausts: Automotive lightweight material market, by region, 2020–2025 (USD Billion)
9.6Transmission
9.6.1USE of lightweight material for transmission in the RoW region is more compared to other regions
Table 112Transmission: Automotive lightweight material market, by region, 2017–2019 (TMT)
Table 113Transmission: Automotive lightweight material market, by region, 2017–2019 (USD Billion)
Table 114Transmission lightweight material market, by region, 2020–2025 (TMT)
Table 115Transmission lightweight material market, by region, 2020–2025 (USD Billion)
9.7Doors
9.7.1Europe and Asia Oceania are the largest markets for lightweight material in doors
Table 116Doors: Automotive lightweight material market, by region, 2017–2019 (TMT)
Table 117Doors: Automotive lightweight material market, by region, 2017–2019 (USD Billion)
Table 118Doors: Automotive lightweight material market, by region, 2020–2025 (TMT)
Table 119Doors: Automotive lightweight material market, by region, 2020–2025 (USD Billion)
9.8Hood & Trunk LID
9.8.1Asia Oceania is the fastest growing market for lightweight material in hood & trunk lid due to increase in trend for vehicle weight reduction
Table 120Hoods & trunks: Automotive lightweight material market, by region, 2017–2019 (TMT)
Table 121Hood & trunk: Automotive lightweight material market, by region, 2017–2019 (USD Billion)
Table 122Hoods & trunks: Automotive lightweight material market, by region, 2020–2025 (TMT)
Table 123Hoods & trunks: Automotive lightweight material market, by region, 2020–2025 (USD Billion)
9.9Seats
9.9.1Asia Oceania is the largest market for lightweight material in seats
Table 124Seats: Automotive lightweight material market, by region, 2017–2019 (TMT)
Table 125Seats: Automotive lightweight material market, by region, 2017–2019 (USD Billion)
Table 126Seats: Automotive lightweight material market, by region, 2020–2025 (TMT)
Table 127Seats: Automotive lightweight material market, by region, 2020–2025 (USD Billion)
9.10instrument panel
9.10.1Asia Oceania is the largest market for lightweight material in instrument panel
Table 128Instrument panels: Automotive lightweight material market, by region, 2017–2019 (TMT)
Table 129Instrument panels: Automotive lightweight material market, by region, 2017–2019 (USD Billion)
Table 130Instrument panels: Automotive lightweight material market, by region, 2020–2025 (TMT)
Table 131Instrument panels: Automotive lightweight material market, by region, 2020–2025 (USD Billion)
9.11fuel tanks
9.11.1Asia Oceania is the largest market for lightweight material in fuel tank
Table 132Fuel tanks: Automotive lightweight material market, by region, 2017–2019 (TMT)
Table 133Fuel tanks: Automotive lightweight material market, by region, 2017–2019 (USD Billion)
Table 134Fuel tanks: Automotive lightweight material market, by region, 2020–2025 (TMT)
Table 135Fuel tanks: Automotive lightweight material market, by region, 2020–2025 (USD Billion)
10AUTOMOTIVE 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)
10.1Introduction
10.1.1Research methodology
10.1.2Assumptions/limitations
10.1.3Industry insights
Figure 25Automotive lightweight material market, by vehicle type, 2020 & 2025 (USD Billion)
Table 136Automotive lightweight material market, by vehicle type, 2017–2019 (TMT)
Table 137Automotive lightweight material market, by vehicle type, 2017–2019 (USD Billion)
Table 138Automotive lightweight material market, by vehicle type, 2020–2025(TMT)
Table 139Automotive lightweight material market, by vehicle type, 2020–2025 (USD Billion)
10.2Passenger Cars
10.2.1Europe is the largest market for lightweight material in Passenger car
Table 140Passenger cars: Automotive lightweight material market, by region, 2017–2019 (TMT)
Table 141Passenger cars: Automotive lightweight material market, by region, 2017–2019 (USD Billion)
Table 142Passenger cars: Automotive lightweight material market, by region, 2020–2025 (TMT)
Table 143Passenger cars: Automotive lightweight material market, by region, 2017–2019 (USD Billion)
10.3Light Commercial Vehicles (LCV)
10.3.1North America is the fastest-growing market for lightweight material in LCV
Table 144LCV lightweight material market, by region, 2017–2019 (TMT)
Table 145LCV: Automotive lightweight material market, by region, 2017–2019 (USD Billion)
Table 146LCV: Automotive lightweight material market, by region, 2020–2025 (TMT)
Table 147LCV: Automotive lightweight material market, by region, 2020–2025 (USD Billion)
10.4Heavy Commercial Vehicles (HCV)
10.4.1Asia Oceania is the largest market for lightweight material in HCV
Table 148HCV: Automotive lightweight material market, by region, 2017-2019 (TMT)
Table 149HCV: Automotive lightweight material market, by region, 2017-2019 (USD Billion)
Table 150HCV: Automotive lightweight material market, by region, 2020–2025 (TMT)
Table 151HCV: Automotive lightweight material market, by region, 2020–2025 (USD Billion)
11AUTOMOTIVE 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)
11.1Introduction
11.1.1Research methodology
11.1.2Assumptions/limitations
11.1.3Industry insights
Figure 26Automotive lightweight material market, by electric & hybrid vehicle type, 2020 vs. 2025 (USD Billion)
Table 152Automotive lightweight material market, by electric & hybrid vehicle type, 2017–2019 (TMT)
Table 153Automotive lightweight material market, by electric & hybrid vehicle type, 2017–2019 (USD Billion)
Table 154Automotive lightweight material market, by electric & hybrid vehicle type, 2020–2025 (TMT)
Table 155Automotive lightweight material market, by electric & hybrid vehicle type, 2020–2025 (USD Billion)
11.2Battery Electric Vehicle
11.2.1North America is the largest market for lightweight material in BEV
Table 156BEV lightweight material market, by region, 2017–2019 (TMT)
Table 157BEV lightweight material market, by region, 2017–2019 (USD Billion)
Table 158BEV lightweight material market, by region, 2020–2025 (TMT)
Table 159BEV lightweight material market, by region, 2020–2025 (USD Billion)
11.3Hybrid Electric Vehicle
11.3.1North America is the largest market for lightweight material in HEV
Table 160HEV lightweight material market, by region, 2017–2019 (TMT)
Table 161HEV lightweight material market, by region, 2017–2019 (USD Billion)
Table 162HEV lightweight material market, by region, 2020–2025 (TMT)
Table 163HEV lightweight material market, by region, 2020–2025 (USD Billion)
11.4Plug-in Hybrid Electric Vehicle
11.4.1Asia Oceania is the fastest growing market for lightweight material in PHEV
Table 164PHEV lightweight material market, by region, 2017–2019 (TMT)
Table 165PHEV lightweight material market, by region, 2017–2019 (USD Billion)
Table 166PHEV lightweight material market, by region, 2020–2025 (TMT)
Table 167PHEV lightweight material market, by region, 2020–2025 (USD Billion)
11.5Electric Truck
11.5.1North America is the largest market for lightweight material in electric Truck
Table 168Electric truck lightweight material market, by region, 2020–2025 (TMT)
Table 169Electric truck lightweight material market, by region, 2020–2025 (USD Billion)
11.6Electric Bus
11.6.1Asia Oceania is the largest market in lightweight material for bus due to the higher sale and usage of electric bus in china
Table 170Electric bus lightweight market, by region, 2017–2019 (TMT)
Table 171Electric bus lightweight market, by region, 2017–2019 (USD Billion)
Table 172Electric bus lightweight material market, by region, 2020–2025 (TMT)
Table 173Electric bus lightweight material market, by region, 2020–2025 (USD Billion)
12ELECTRIC 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
12.1Introduction
12.1.1Research methodology
12.1.2Industry insights
Figure 27Electric vehicle lightweight material market, by material type, 2020 & 2025 (USD Billion)
Table 174Electric vehicle lightweight material market, by material type, 2017–2019 (TMT)
Table 175Electric vehicle lightweight material, by material type, 2017–2019 (USD Billion)
Table 176Electric vehicle lightweight material market, by material type, 2020–2025 (TMT)
Table 177Electric vehicle lightweight material, by material type, 2020–2025 (USD Billion)
12.2Metals
12.2.1BEV is the largest lightweight material market for metaals
Table 178Electric vehicle lightweight metal market, by vehicle type, 2017–2019 (TMT)
Table 179Electric vehicle lightweight metal market, by vehicle type, 2017–2019 (USD Billion)
Table 180Electric vehicle lightweight metal market, by vehicle type, 2020–2025 (TMT)
Table 181Electric vehicle lightweight metal market, by vehicle type, 2020–2025 (USD Billion)
12.3Composites
12.3.1BEV is the largest lightweight material market for composites
Table 182Electric vehicle lightweight composites market, by vehicle type, 2017–2019 (TMT)
Table 183Electric vehicle lightweight composites market, by vehicle type, 2017–2019 (USD Billion)
Table 184Electric vehicle lightweight composites market, by vehicle type, 2020–2025 (TMT)
Table 185Electric vehicle lightweight composites market, by vehicle type, 2020–2025 (USD Billion)
12.4Plastics
12.4.1BEV is the largest lightweight material market for plastics
Table 186Electric vehicle plastics market, by vehicle type, 2017–2019 (TMT)
Table 187Electric vehicle plastics market, by vehicle type, 2017–2019 (USD Billion)
Table 188Electric vehicle plastics market, by vehicle type, 2020–2025 (TMT)
Table 189Electric vehicle plastics market, by vehicle type, 2020–2025 (USD Billion)
12.5Elastomer
12.5.1Bus is the largest lightweight material market for elastomers
Table 190Electric vehicle elastomer market, by vehicle type, 2017–2019 (TMT)
Table 191Electric vehicle elastomer market, by vehicle type, 2017–2019 (USD Billion)
Table 192Electric vehicle elastomer market, by vehicle type, 2020–2025 (TMT)
Table 193Electric vehicle elastomer market, by vehicle type, 2020–2025 (USD Billion)
13AUTOMOTIVE 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
13.1Introduction
13.1.1Research methodology
13.1.2Assumptions/limitations
13.1.3Industry insights
Figure 28Automotive lightweight material market, by region, 2019 vs. 2025 (USD Billion)
Table 194Automotive lightweight material market, by region, 2017–2019 (TMT)
Table 195Automotive lightweight material market, by region, 2017–2019 (USD Billion)
Table 196Automotive lightweight material market, by region, 2020–2025 (TMT)
Table 197Automotive lightweight material market, by region, 2020–2025 (USD Billion)
13.2Asia Oceania
Figure 29Asia Oceania: Automotive lightweight material market, by country, 2020 VS. 2025
Table 198Asia Oceania lightweight material market, by country, 2017–2019 (TMT)
Table 199Asia Oceania lightweight material market, by country, 2017–2019 (USD Billion)
Table 200Asia Oceania lightweight material market, by country, 2020–2025 (TMT)
Table 201Asia Oceania lightweight material market, by country, 2020–2025 (USD Billion)
13.2.1China
13.2.1.1China vehicle production data
Table 202China: Vehicle production, by vehicle type, 2017–2019 (‘000 Units)
13.2.1.2Plastic is the largest segment in China because of the lower price
Table 203China lightweight material market, by material type, 2017–2019 (TMT)
Table 204China lightweight material market, by material type, 2017–2019 (USD Billion)
Table 205China lightweight material market, by material type, 2020–2025 (TMT)
Table 206China lightweight material market, by material type, 2020–2025 (USD Billion)
13.2.2Japan
Table 207Japan: Vehicle production, by vehicle type, 2017–2019 (‘000 Units)
13.2.2.1Metal is the largest segment in Japan as Japanese automakers focus on high quality products over price
Table 208Japan lightweight material market, by material type, 2017–2019 (TMT)
Table 209Japan lightweight material market, by material type, 2017–2019 (USD Billion)
Table 210Japan lightweight material market, by material type, 2020–2025 (TMT)
Table 211Japan lightweight material market, by material type, 2020–2025 (USD Billion)
13.2.3India
13.2.3.1India vehicle production data
Table 212India: Vehicle production, by vehicle type, 2017–2019 (‘000 Units)
13.2.3.2Metal is the largest segment in India due to heavy usage of HSS
Table 213India lightweight material market, by material type, 2017–2019 (TMT)
Table 214India lightweight material market, by material type, 2017–2019 (USD Billion)
Table 215India lightweight material market, by material type, 2020–2025 (TMT)
Table 216India lightweight material market, by material type, 2020–2025 (USD Billion)
13.2.4South Korea
13.2.4.1South Korea vehicle production data
Table 217South Korea: Vehicle production, by vehicle type, 2017–2019 (‘000 Units)
13.2.4.2Metal is the fastest-growing segment in South Korea as Korean manufacturers prefer aluminum and HSS
Table 218South Korea lightweight material market, by material type, 2017–2019 (TMT)
Table 219South Korea lightweight material market, by material type, 2017–2019 (USD Billion)
Table 220South Korea lightweight material market, by material type, 2020–2025 (TMT)
Table 221South Korea lightweight material market, by material type, 2020–2025 (USD Billion)
13.3europe
Figure 30Europe: Automotive lightweight material market, by country, 2020 VS. 2025
Table 222Europe lightweight material market, by country, 2017–2019 (TMT)
Table 223Europe lightweight material market, by country, 2017–2019 (USD Billion)
Table 224Europe lightweight material market, by country, 2020–2025 (TMT)
Table 225Europe lightweight material market, by country, 2020–2025 (USD Billion)
13.3.1Germany
13.3.1.1Germany vehicle production data
Table 226Germany: Vehicle production, by vehicle type, 2017–2019 (‘000 Units)
13.3.1.2Composite is the fastest-growing segment in Germany as it is a potential substitute for steel
Table 227Germany lightweight material market, by material type, 2017–2019 (TMT)
Table 228Germany lightweight material market, by material type, 2017–2019 (USD Billion)
Table 229Germany lightweight material market, by material type, 2020–2025 (TMT)
Table 230Germany lightweight material market, by material type, 2020–2025 (USD Billion)
13.3.2France
13.3.2.1France vehicle production data
Table 231France: Vehicle production, by vehicle type, 2017–2019 (‘000 Units)
13.3.2.2Metal is the largest segment in France as the usage of aluminum and HSS is higher
Table 232France lightweight material market, by material type, 2017–2019 (TMT)
Table 233France lightweight material market, by material type, 2017–2019 (USD Billion)
Table 234France lightweight material market, by material type, 2020–2025 (TMT)
Table 235France lightweight material market, by material type, 2020–2025 (USD Billion)
13.3.3Russia
13.3.3.1Russia vehicle production data
Table 236Russia: Vehicle production, by vehicle type, 2017–2019 (‘000 Units)
13.3.3.2Metal is the largest segment in Russia as the usage of aluminum and HSS is higher
Table 237Russia lightweight material market, by material type, 2017–2019 (TMT)
Table 238Russia lightweight material market, by material type, 2017–2019 (USD Billion)
Table 239Russia lightweight material market, by material type, 2020–2025 (TMT)
Table 240Russia lightweight material market, by material type, 2020–2025 (USD Billion)
13.3.4UK
13.3.4.1UK vehicle production data
Table 241UK: Vehicle production, by vehicle type, 2017–2019 (‘000 Units)
13.3.4.2Metal is the largest segment in the UK as the usage of aluminum and HSS is higher
Table 242UK lightweight material market, by material type, 2017–2019 (TMT)
Table 243UK lightweight material market, by material type, 2017–2019 (USD Billion)
Table 244UK lightweight material market, by material type, 2020–2025 (TMT)
Table 245UK lightweight material market, by material type, 2020–2025 (USD Billion)
13.3.5Spain
13.3.5.1Spain vehicle production data
Table 246Spain: Vehicle production, by vehicle type, 2017–2019 (‘000 Units)
13.3.5.2Metal is the largest segment in Spain as the usage of aluminum and HSS is higher
Table 247Spain lightweight material market, by material type, 2017–2019 (TMT)
Table 248Spain lightweight material market, by material type, 2017–2019 (USD Billion)
Table 249Spain lightweight material market, by material type, 2020–2025 (TMT)
Table 250Spain lightweight material market, by material type, 2020–2025 (USD Billion)
13.3.6Rest of Europe
13.3.6.1Metal is the largest segment in Rest of Europe as the usage of aluminum and HSS is higher
Table 251Rest of Europe lightweight material market, by material type, 2017–2019 (TMT)
Table 252Rest of Europe lightweight material market, by material type, 2017–2019 (USD Billion)
Table 253Rest of Europe lightweight material market, by material type, 2020–2025 (TMT)
Table 254Rest of Europe lightweight material market, by material type, 2020–2025 (USD Billion)
13.4North America
Figure 31North America: Automotive lightweight material market, by country, 2020 vs. 2025 (USD Billion)
Table 255North America lightweight material market, by country, 2017–2019 (TMT)
Table 256North America lightweight material market, by country, 2017–2019 (USD Billion)
Table 257North America lightweight material market, by country, 2020–2025 (TMT)
Table 258North America lightweight material market, by country, 2020–2025 (USD Billion)
13.4.1US
13.4.1.1US vehicle production data
Table 259US: vehicle production, by vehicle type, 2017–2019 (‘000 Units)
13.4.1.2Metal is the largest segment in US
Table 260US lightweight material market, by material type, 2017–2019 (TMT)
Table 261US lightweight material market, by material type, 2017–2019 (USD Billion)
Table 262US lightweight material market, by material type, 2020–2025 (TMT)
Table 263US lightweight material market, by material type, 2020–2025 (USD Billion)
13.4.2Canada
13.4.2.1Canada vehicle production data
Table 264Canada: Vehicle production, by vehicle type, 2017–2019 (‘000 Units)
13.4.2.2Metal is the largest segment in Canada
Table 265Canada lightweight material market, by material type, 2017–2019 (TMT)
Table 266Canada lightweight material market, by material type, 2017–2019 (USD Billion)
Table 267Canada lightweight material market, by material type, 2020–2025 (TMT)
Table 268Canada lightweight material market, by material type, 2020–2025 (USD Billion)
13.4.3Mexico
13.4.3.1Mexico vehicle production data
Table 269Mexico: Vehicle production, by vehicle type, 2017–2019 (‘000 Units)
13.4.3.2Metal is the largest segment in Mexico
Table 270Mexico lightweight material market, by material type, 2017–2019 (TMT)
Table 271Mexico lightweight material market, by material type, 2017–2019 (USD Billion)
Table 272Mexico lightweight material market, by material type, 2020–2025 (TMT)
Table 273Mexico lightweight material market, by material type, 2020–2025 (USD Billion)
13.5Rest of the World (RoW)
Figure 32RoW: Automotive lightweight material market, by country, 2020 & 2025 (USD Billion)
Table 274RoW lightweight material market, by country, 2017–2019 (TMT)
Table 275RoW lightweight material market, by country, 2017–2019 (USD Billion)
Table 276RoW lightweight material market, by country, 2020–2025 (TMT)
Table 277RoW lightweight material market, by country, 2020–2025 (USD Billion)
13.5.1Brazil
13.5.1.1Brazil vehicle production data
Table 278Brazil: Vehicle production, by vehicle type, 2017–2019 (‘000 Units)
13.5.1.2Metal is the fastest-growing segment in Brazil
Table 279Brazil lightweight material market, by material type, 2017–2019 (TMT)
Table 280Brazil lightweight material market, by material type, 2017–2019 (USD Billion)
Table 281Brazil lightweight material market, by material type, 2020–2025 (TMT)
Table 282Brazil lightweight material market, by material type, 2020–2025 (USD Billion)
13.5.2South Africa
13.5.2.1South Africa vehicle production data
Table 283South Africa: Vehicle production, by vehicle type, 2017–2019 (‘000 Units)
13.5.2.2Metal is the largest segment in South Africa
Table 284South Africa lightweight material market, by material type, 2017–2019 (TMT)
Table 285South Africa lightweight material market, by material type, 2017–2019 (USD Billion)
Table 286South Africa lightweight material market, by material type, 2020–2025 (TMT)
Table 287South Africa lightweight material market, by material type, 2020–2025 (USD Billion)
13.5.3Rest of RoW
13.5.3.1Metal is the fastest growing segment in Rest of RoW
Table 288Rest of RoW lightweight material market, by material type, 2017–2019 (TMT)
Table 289Rest of RoW lightweight material market, by material type, 2017–2019 (USD Billion)
Table 290Rest of RoW lightweight material market, by material type, 2020–2025 (TMT)
Table 291Rest of RoW lightweight material market, by material type, 2020–2025 (USD Billion)
14RECOMMENDATIONS BY MARKETSANDMARKETS (PAGE NO. - 203)
14.1Asia Oceania will be the key market for lightweight material suppliers
14.2Composites can be a key focus for lightweight material suppliers
14.3Conclusion
15ADJACENT MARKETS (PAGE NO. - 205)
15.1Adjacent & Related Markets
15.1.1Introduction
Table 292Adjacent markets of automotive lightweight material markets
15.2Limitations
15.3Automotive Lightweight Material Ecosystem & Interconnected Markets
Figure 33Automotive lightweight material ecosystem & interconnected markets
15.4Body in White Market
15.4.1Market definition
15.4.2Market overview
Figure 34Body in white market, by region (Million USD)
15.4.3Body in white market, BY region
Table 293Body in white market size, by region, 2018–2027 (000’ Units)
Table 294Body in white market size, by region, 2018–2027 (USD Billion)
15.5Composites Market
15.5.1Market definition
15.5.2Market overview
15.6Composites Market, by Manufacturing Process and Region
Figure 35APAC was the largest market and lay-up the largest manufacturing process
15.7Composites Market
Table 295Composites market size, by region, 2017–2024 (USD Million)
Table 296Composites market size, by region, 2017–2024 (Kiloton)
15.8Metal Casting Market
15.8.1Market definition
15.8.2Market overview
15.8.3Metal casting market
Figure 36Global metal casting market, by region, 2017 VS. 2025 (USD MIllion)
Table 297Metal casting market size, by region, 2015–2025 (Thousand Metric Tons)
Table 298Metal casting market size, by region, 2015–2025 (USD Million)
15.9Metal Forming Market
15.9.1Market definition
15.9.2Market overview
15.9.3Metal forming market
Figure 37Metal forming market for automotive, by region, 2020 vs. 2025 (USD Billion)
Table 299Metal forming market for automotive, by region, 2017–2025 (Million Ton)
Table 300Metal forming market for automotive, by region, 2017–2025 (USD Billion)
16COMPETITIVE LANDSCAPE (PAGE NO. - 216)
16.1Overview
16.2Competitive leadership mapping
16.2.1Visionary leaders
16.2.2Innovators
16.2.3Dynamic differentiators
16.2.4Emerging companies
16.3Competitive Leadership Mapping Matrix - Lightweight Material Suppliers
Figure 38Competitive leadership mapping matrix - lightweight material suppliers, 2018
16.4Company-wise Product Offering Analysis – Lightweight Material Suppliers
16.5Company-wise Business Strategy Analysis – Lightweight Material Suppliers
16.6Competitive Leadership Mapping - Lightweight Component Manufacturers
Figure 39Competitive leadership mapping - lightweight component manufacturers, 2018
16.7Company-Wise Product Offering Analysis - Lightweight Component Manufacturers
16.8Company-Wise Business Strategy Analysis - Lightweight Component Manufacturers
16.9Market Share Analysis
Figure 40Automotive lightweight material market share, for key players, 2018
Figure 41Companies adopted new product development and expansions as a key growth strategy
16.10Competitive Scenario
16.10.1New product developments
Table 301New product developments
16.10.2Expansions
Table 302Expansions
16.10.3Mergers & acquisitions
Table 303Mergers & acquisitions
16.10.4Partnerships/agreements/supply contracts/collaborations/joint ventures
Table 304Partnerships/agreements/supply contracts/collaborations/joint ventures
17COMPANY PROFILES (PAGE NO. - 234)
(Business overview, Products offered, Recent developments & SWOT analysis)*
17.1BASF SE
Figure 42BASF SE: Company snapshot
17.2COVESTRO AG
Figure 43COVESTRO AG: Company snapshot
17.3LYONDELLBASELL INDUSTRIES HOLDINGS B.V.
Figure 44LYONDELLBASELL INDUSTRIES HOLDINGS B.V.: Company snapshot
17.4TORAY INDUSTRIES, INC.
Figure 45TORAY INDUSTRIES, INC.: Company snapshot
17.5ARCELORMITTAL
Figure 46ARCELORMITTAL: Company snapshot
17.6THYSSENKRUPP AG
Figure 47THYSSENKRUPP AG: Company snapshot
17.7NOVELIS, INC.
Figure 48NOVELIS, INC.: Company snapshot
17.8ALCOA CORPORATION
Figure 49ALCOA CORPORATION: company snapshot
17.9OWENS CORNING
Figure 50OWENS CORNING: Company snapshot
17.10STRATASYS LTD.
Figure 51STRATASYS LTD.: Company snapshot
*Details on Business overview, Products offered, Recent developments & SWOT analysis might not be captured in case of unlisted companies.
17.11Additional Companies
17.11.1Asia Oceania
17.11.1.1TATA STEEL
17.11.1.2POSCO
17.11.2Europe
17.11.2.1SGL CARBON
17.11.2.2LANXESS
17.11.2.3BOREALIS AG
17.11.3North America
17.11.3.1DOWDUPONT
17.11.3.2AK STEEL CORPORATION
17.11.3.3U.S. MAGNESIUM LLC
17.11.3.4ALERIS CORPORATION
17.11.4RoW
17.11.4.1WHB BRASIL
18APPENDIX (PAGE NO. - 265)
18.1Insights of Industry Experts
18.2Discussion Guide
18.3Knowledge Store: Marketsandmarkets’ Subscription Portal
18.4Available Customizations
18.4.1Metals
18.4.1.1HSS
18.4.1.2Aluminum
18.4.1.3Magnesium & Titanium
18.4.2Composites
18.4.2.1CFRP
18.4.2.2GFRP
18.4.2.3NFRP
18.4.2.4Other Composites
18.4.3Plastics
18.4.3.1PC
18.4.3.2ABS
18.4.3.3PA
18.4.3.4PP
18.4.3.5PU
18.4.3.6Others
18.4.4Elastomer
18.4.4.1EPDM
18.4.4.2NR
18.4.4.3SBR
18.4.4.4Others
18.5Related Reports
18.6Author 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

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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

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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) 

COVID-19

Get in-depth analysis of the COVID-19 impact on the Automotive Lightweight Material Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Automotive Lightweight Material Market

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Report Code
AT 3364
Published ON
Jun, 2020
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