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Automotive Lightweight Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The global automotive lightweight materials market was worth US$ 82.8 Billion in 2018. Automotive lightweight materials are primarily used for replacing cast iron and conventional steel components in different types of vehicles such as electric, plug-in and hybrid electric vehicles. They are used in structural elements which enable vehicles to carry advanced safety devices, integrated electronic systems and emission control systems. The usage of lightweight materials in automobiles offsets the weight of their power systems like electric motors and batteries while improving the efficiency and increasing their all-electric range. Some of the most popular lightweight materials used in the automotive industry include high-strength steel, aluminum alloys, polymer composites, carbon fiber, magnesium alloys, etc.

Automotive Lightweight Materials Market

With rapid environmental degradation, automotive companies across the globe are developing lighter and functional materials for improving the fuel efficiency of vehicles. The usage of lightweight materials enables manufacturers to improve vehicle efficiency, as a reduction in the weight of a car leads to significant improvement in fuel economy. Consequently, the increasing fuel prices are driving the demand for lighter vehicles. Other than this, governments of various nations have also introduced vehicle weight reduction plans in response to the need for stringent environmental regulations. Furthermore, there has been a rise in investments in R&D activities across the industry as several major players are aiming to lower the cost of these materials and increase their recyclability. Looking forward, IMARC Group expects the market to reach a value of US$ 124.3 Billion by 2024, registering a CAGR of around 7% during 2019-2024.

Report Covearge:

  • Historical, Current and Future Market Trends
     
  • Market Breakup by Material Type:
    • Metal 
      • High Strength Steel (HSS)
      • Aluminum
      • Magnesium & Titanium
    • Composite 
      • Carbon Fiber Reinforced Polymer (CFPR)
      • Glass Fiber Reinforced Polymer (GFRP)
      • Natural Fiber Reinforced Polymer (NFRP)
      • Other Composites
    • Plastic
    • Elastomer
       
  • Market Breakup by Technology Type:
    • Battery Electric Vehicle
    • Hybrid Electric Vehicle
    • Plug-In Hybrid Electric Vehicle
    • Others
       
  • Market Breakup by Component:
    • Frame
    • Wheel
    • Bumper
    • Door and Seat
    • Instrument Panel
    • Others
       
  • Market Breakup by Application:
    • Structural
    • Interior
    • Exterior
    • Powertrain
    • Others
       
  • Market Breakup by Vehicle Type:
    • Passenger Vehicle
    • Light Commercial Vehicle (LCV)
    • Heavy Commercial Vehicle (HCV)
       
  • Market Breakup by Region:
    • North America
    • Europe
    • Asia Pacific
    • Middle East and Africa
    • Latin America
       

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being BASF SE, Magna International, Toray Industries, Covestro AG, ArcelorMittal, thyssenkrupp AG, Alcoa Corporation, Bayer AG, Saudi Arabia Basic Industries Corporation (SABIC), PPG Industries, LyondellBasell, Novelis, Owens Corning Corporation, Grupo Antolin, etc.

Key Questions Answered in This Report:

  • How has the global automotive lightweight materials market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global automotive lightweight materials industry?
  • What is the breakup of the market based on the material type?
  • What is the breakup of the market based on the technology type?
  • What is the breakup of the market based on the component type?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the vehicle type?
  • What are the various stages in the value chain of the global automotive lightweight materials industry?
  • What are the key driving factors and challenges in the global automotive lightweight materials industry?
  • What is the structure of the global automotive lightweight materials industry and who are the key players?
  • What is the degree of competition in the global automotive lightweight materials industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Automotive Lightweight Materials Market 
    5.1    Market Overview
    5.2    Market Performance
    5.3    Market Breakup by Material Type 
    5.4    Market Breakup by Technology Type 
    5.5    Market Breakup by Component 
    5.6    Market Breakup by Application
    5.7    Market Breakup by Vehicle Type 
    5.8    Market Breakup by Region
    5.9    Market Forecast
6    Market Breakup by Material Type 
    6.1    Metal  
        6.1.1    Market Trends 
        6.1.2    Market Breakup by Type
                 6.1.2.1   High Strength Steel (HSS)           
                 6.1.2.2   Aluminum
                 6.1.2.3   Magnesium and Titanium
        6.1.3    Market Forecast 
    6.2    Composite  
        6.2.1    Market Trends 
        6.2.2    Market Breakup by Type
                 6.2.2.1   Carbon Fiber Reinforced Polymer (CFPR)
                 6.2.2.2   Glass Fiber Reinforced Polymer (GFRP)
                 6.2.2.3   Natural Fiber Reinforced Polymer (NFRP)
                 6.2.2.4   Others 
        6.2.3    Market Forecast 
    6.3    Plastic 
        6.3.1    Market Trends
        6.3.2    Market Forecast
    6.4    Elastomer 
        6.4.1    Market Trends
        6.4.2    Market Forecast
7    Market Breakup by Technology Type 
    7.1    Battery Electric Vehicle 
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Hybrid Electric Vehicle 
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    Plug-In Hybrid Electric Vehicle 
        7.3.1    Market Trends
        7.3.2    Market Forecast
    7.4    Others 
        7.4.1    Market Trends
        7.4.2    Market Forecast
8    Market Breakup by Component
    8.1    Frame  
        8.1.1    Market Trends 
        8.1.2    Market Forecast 
    8.2    Wheel 
        8.2.1    Market Trends 
        8.2.2    Market Forecast 
    8.3    Bumper 
        8.2.1    Market Trends 
        8.2.2    Market Forecast 
    8.4    Door and Seat  
        8.2.1    Market Trends 
        8.2.2    Market Forecast 
    8.5    Instrument Panel  
        8.2.1    Market Trends 
        8.2.2    Market Forecast 
    8.6    Others 
        8.2.1    Market Trends 
        8.2.2    Market Forecast 
9    Market Breakup by Application
    9.1    Structural  
        9.1.1    Market Trends 
        9.1.2    Market Forecast 
    9.2    Interior  
        9.2.1    Market Trends 
        9.2.2    Market Forecast 
    9.3    Exterior 
        9.3.1    Market Trends 
        9.3.2    Market Forecast 
    9.4    Powertrain  
        9.4.1    Market Trends 
        9.4.2    Market Forecast 
    9.5    Others 
        9.5.1    Market Trends 
        9.5.2    Market Forecast 
10    Market Breakup by Vehicle Type
    10.1    Passenger Vehicles
        10.1.1    Market Trends
        10.1.2    Market Forecast
    10.2    Light Commercial Vehicles (LCVs)
        10.2.1    Market Trends
        10.2.2    Market Forecast
    10.3    Heavy Commercial Vehicles (HCVs)
        10.3.1    Market Trends
        10.3.2    Market Forecast
11    Market Breakup by Region
    11.1    North America
        11.1.1    Market Trends
        11.1.2    Market Forecast
    11.2    Europe
        11.2.1    Market Trends
        11.2.2    Market Forecast
    11.3    Asia Pacific
        11.3.1    Market Trends
        11.3.2    Market Forecast
    11.4    Middle East and Africa
        11.4.1    Market Trends
        11.4.2    Market Forecast
    11.5    Latin America
        11.5.1    Market Trends
        11.5.2    Market Forecast
12    SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13    Value Chain Analysis
14    Porter’s Five Forces Analysis

    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15    Price Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players
    16.3.1    BASF SE
    16.3.2    Magna International 
    16.3.3    Toray Industries 
    16.3.4    Covestro AG 
    16.3.5    ArcelorMittal 
    16.3.6    thyssenkrupp AG 
    16.3.7    Alcoa Corporation 
    16.3.8    Bayer AG 
    16.3.9    Saudi Arabia Basic Industries Corporation (SABIC) 
    16.3.10    PPG Industries 
    16.3.11    LyondellBasell 
    16.3.12    Novelis 
    16.3.13    Owens Corning Corporation 
    16.3.14    Grupo Antolin 

List of Figures

Figure 1: Global: Automotive Lightweight Materials Market: Major Drivers and Challenges
Figure 2: Global: Automotive Lightweight Materials Market: Sales Value (in Billion US$), 2013-2018
Figure 3: Global: Automotive Lightweight Materials Market: Breakup by Material Type (in %), 2018
Figure 4: Global: Automotive Lightweight Materials Market: Breakup by Technology Type (in %), 2018
Figure 5: Global: Automotive Lightweight Materials Market: Breakup by Component (in %), 2018
Figure 6: Global: Automotive Lightweight Materials Market: Breakup by Application (in %), 2018
Figure 7: Global: Automotive Lightweight Materials Market: Breakup by Vehicle Type (in %), 2018
Figure 8: Global: Automotive Lightweight Materials Market: Breakup by Region (in %), 2018
Figure 9: Global: Automotive Lightweight Materials Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 10: Global: Automotive Lightweight Materials Industry: SWOT Analysis
Figure 11: Global: Automotive Lightweight Materials Industry: Value Chain Analysis
Figure 12: Global: Automotive Lightweight Materials Industry: Porter’s Five Forces Analysis
Figure 13: Global: Automotive Lightweight Materials (Metal) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 14: Global: Automotive Lightweight Materials (Metal) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 15: Global: Automotive Lightweight Materials (Composite) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 16: Global: Automotive Lightweight Materials (Composite) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 17: Global: Automotive Lightweight Materials (Plastic) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 18: Global: Automotive Lightweight Materials (Plastic) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 19: Global: Automotive Lightweight Materials (Elastomer) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 20: Global: Automotive Lightweight Materials (Elastomer) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 21: Global: Automotive Lightweight Materials (Battery Electric Vehicle) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 22: Global: Automotive Lightweight Materials (Battery Electric Vehicle) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 23: Global: Automotive Lightweight Materials (Hybrid Electric Vehicle) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 24: Global: Automotive Lightweight Materials (Hybrid Electric Vehicle) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 25: Global: Automotive Lightweight Materials (Plug-In Hybrid Electric Vehicle) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 26: Global: Automotive Lightweight Materials (Plug-In Hybrid Electric Vehicle) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 27: Global: Automotive Lightweight Materials (Other Technology Types) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 28: Global: Automotive Lightweight Materials (Other Technology Types) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 29: Global: Automotive Lightweight Materials (Frame) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 30: Global: Automotive Lightweight Materials (Frame) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 31: Global: Automotive Lightweight Materials (Wheel) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 32: Global: Automotive Lightweight Materials (Wheel) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 33: Global: Automotive Lightweight Materials (Bumper) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 34: Global: Automotive Lightweight Materials (Bumper) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 35: Global: Automotive Lightweight Materials (Door and Seat) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 36: Global: Automotive Lightweight Materials (Door and Seat) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 37: Global: Automotive Lightweight Materials (Instrument Panel) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 38: Global: Automotive Lightweight Materials (Instrument Panel) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 39: Global: Automotive Lightweight Materials (Other Components) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 40: Global: Automotive Lightweight Materials (Other Components) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 41: Global: Automotive Lightweight Materials (Structural) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 42: Global: Automotive Lightweight Materials (Structural) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 43: Global: Automotive Lightweight Materials (Interior) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 44: Global: Automotive Lightweight Materials (Interior) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 45: Global: Automotive Lightweight Materials (Exterior) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 46: Global: Automotive Lightweight Materials (Exterior) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 47: Global: Automotive Lightweight Materials (Powertrain) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 48: Global: Automotive Lightweight Materials (Powertrain) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 49: Global: Automotive Lightweight Materials (Other Applications) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 50: Global: Automotive Lightweight Materials (Other Applications) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 51: Global: Automotive Lightweight Materials (Passenger Vehicles) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 52: Global: Automotive Lightweight Materials (Passenger Vehicles) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 53: Global: Automotive Lightweight Materials (Light Commercial Vehicles) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 54: Global: Automotive Lightweight Materials (Light Commercial Vehicles) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 55: Global: Automotive Lightweight Materials (Heavy Commercial Vehicles) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 56: Global: Automotive Lightweight Materials (Heavy Commercial Vehicles) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 57: North America: Automotive Lightweight Materials Market: Sales Value (in Billion US$), 2013 & 2018
Figure 58: North America: Automotive Lightweight Materials Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 59: Europe: Automotive Lightweight Materials Market: Sales Value (in Billion US$), 2013 & 2018
Figure 60: Europe: Automotive Lightweight Materials Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 61: Asia Pacific: Automotive Lightweight Materials Market: Sales Value (in Billion US$), 2013 & 2018
Figure 62: Asia Pacific: Automotive Lightweight Materials Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 63: Middle East and Africa: Automotive Lightweight Materials Market: Sales Value (in Billion US$), 2013 & 2018
Figure 64: Middle East and Africa: Automotive Lightweight Materials Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 65: Latin America: Automotive Lightweight Materials Market: Sales Value (in Billion US$), 2013 & 2018
Figure 66: Latin America: Automotive Lightweight Materials Market Forecast: Sales Value (in Billion US$), 2019-2024

List of Tables

Table 1: Global: Automotive Lightweight Materials Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: Automotive Lightweight Materials Market Forecast: Breakup by Material Type (in Billion US$), 2019-2024
Table 3: Global: Automotive Lightweight Materials Market Forecast: Breakup by Technology Type (in Billion US$), 2019-2024
Table 4: Global: Automotive Lightweight Materials Market Forecast: Breakup by Component (in Billion US$), 2019-2024
Table 5: Global: Automotive Lightweight Materials Market Forecast: Breakup by Application (in Billion US$), 2019-2024
Table 6: Global: Automotive Lightweight Materials Market Forecast: Breakup by Vehicle Type (in Billion US$), 2019-2024
Table 7: Global: Automotive Lightweight Materials Market Forecast: Breakup by Region (in Billion US$), 2019-2024
Table 8: Global: Automotive Lightweight Materials Market Structure
Table 9: Global: Automotive Lightweight Materials Market: Key Players

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