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Automotive Lightweight Material-Global Market Insights and Sales Trends 2024
Synopsis
Automotive lightweight material refers to materials that exhibit high strength-to-weight ratio, superior corrosion resistance properties, and substantial design flexibility, thereby finding its application in automotive system and components. In the recent years, requirement for weight minimization & higher fuel efficiency, adhering to environmental regulations, and changing consumer sentiments toward mobility solutions as consumers demand for high-strength materials to attain the high-end operational performance are the major factors anticipated to influence automakers to focus on redesigning of materials.
The global Automotive Lightweight Material market size is expected to reach US$ 257130 million by 2029, growing at a CAGR of 11.3% from 2023 to 2029. The market is mainly driven by the significant applications of Automotive Lightweight Material in various end use industries. The expanding demands from the ICE and EV, are propelling Automotive Lightweight Material market. Metal, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Composite segment is estimated at % CAGR for the next seven-year period.
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Automotive Lightweight Material, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Automotive Lightweight Material market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Automotive Lightweight Material market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Automotive Lightweight Material sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Automotive Lightweight Material covered in this report include BASF (Germany), ThyssenKrupp (Germany), Covestro (Germany), ArcelorMittal (Luxembourg), Lyondellbasell (US), Novelis (US), Toray Industries (Japan), PPG Industries (US) and Alcoa (US), etc.
The global Automotive Lightweight Material market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
BASF (Germany)
ThyssenKrupp (Germany)
Covestro (Germany)
ArcelorMittal (Luxembourg)
Lyondellbasell (US)
Novelis (US)
Toray Industries (Japan)
PPG Industries (US)
Alcoa (US)
Owens Corning (US)
Global Automotive Lightweight Material market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Automotive Lightweight Material market, Segment by Type:
Metal
Composite
Rubber
Plastic
Global Automotive Lightweight Material market, by Application
ICE
EV
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Automotive Lightweight Material manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Automotive Lightweight Material in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Automotive lightweight material refers to materials that exhibit high strength-to-weight ratio, superior corrosion resistance properties, and substantial design flexibility, thereby finding its application in automotive system and components. In the recent years, requirement for weight minimization & higher fuel efficiency, adhering to environmental regulations, and changing consumer sentiments toward mobility solutions as consumers demand for high-strength materials to attain the high-end operational performance are the major factors anticipated to influence automakers to focus on redesigning of materials.
The global Automotive Lightweight Material market size is expected to reach US$ 257130 million by 2029, growing at a CAGR of 11.3% from 2023 to 2029. The market is mainly driven by the significant applications of Automotive Lightweight Material in various end use industries. The expanding demands from the ICE and EV, are propelling Automotive Lightweight Material market. Metal, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Composite segment is estimated at % CAGR for the next seven-year period.
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Automotive Lightweight Material, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Automotive Lightweight Material market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Automotive Lightweight Material market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Automotive Lightweight Material sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Automotive Lightweight Material covered in this report include BASF (Germany), ThyssenKrupp (Germany), Covestro (Germany), ArcelorMittal (Luxembourg), Lyondellbasell (US), Novelis (US), Toray Industries (Japan), PPG Industries (US) and Alcoa (US), etc.
The global Automotive Lightweight Material market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
BASF (Germany)
ThyssenKrupp (Germany)
Covestro (Germany)
ArcelorMittal (Luxembourg)
Lyondellbasell (US)
Novelis (US)
Toray Industries (Japan)
PPG Industries (US)
Alcoa (US)
Owens Corning (US)
Global Automotive Lightweight Material market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Automotive Lightweight Material market, Segment by Type:
Metal
Composite
Rubber
Plastic
Global Automotive Lightweight Material market, by Application
ICE
EV
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Automotive Lightweight Material manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Automotive Lightweight Material in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Automotive Lightweight Material Market Overview
1.1 Automotive Lightweight Material Product Overview
1.2 Automotive Lightweight Material Market Segment by Type
1.2.1 Metal
1.2.2 Composite
1.2.3 Rubber
1.2.4 Plastic
1.3 Global Automotive Lightweight Material Market Size by Type
1.3.1 Global Automotive Lightweight Material Market Size Overview by Type (2018-2029)
1.3.2 Global Automotive Lightweight Material Historic Market Size Review by Type (2018-2023)
1.3.3 Global Automotive Lightweight Material Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Automotive Lightweight Material Sales Breakdown by Type (2018-2023)
1.4.2 Europe Automotive Lightweight Material Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Automotive Lightweight Material Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Automotive Lightweight Material Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Automotive Lightweight Material Sales Breakdown by Type (2018-2023)
2 Global Automotive Lightweight Material Market Competition by Company
2.1 Global Top Players by Automotive Lightweight Material Sales (2018-2023)
2.2 Global Top Players by Automotive Lightweight Material Revenue (2018-2023)
2.3 Global Top Players by Automotive Lightweight Material Price (2018-2023)
2.4 Global Top Manufacturers Automotive Lightweight Material Manufacturing Base Distribution, Sales Area, Product Type
2.5 Automotive Lightweight Material Market Competitive Situation and Trends
2.5.1 Automotive Lightweight Material Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Automotive Lightweight Material Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Automotive Lightweight Material as of 2022)
2.7 Date of Key Manufacturers Enter into Automotive Lightweight Material Market
2.8 Key Manufacturers Automotive Lightweight Material Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Automotive Lightweight Material Status and Outlook by Region
3.1 Global Automotive Lightweight Material Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Automotive Lightweight Material Historic Market Size by Region
3.2.1 Global Automotive Lightweight Material Sales in Volume by Region (2018-2023)
3.2.2 Global Automotive Lightweight Material Sales in Value by Region (2018-2023)
3.2.3 Global Automotive Lightweight Material Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Automotive Lightweight Material Forecasted Market Size by Region
3.3.1 Global Automotive Lightweight Material Sales in Volume by Region (2024-2029)
3.3.2 Global Automotive Lightweight Material Sales in Value by Region (2024-2029)
3.3.3 Global Automotive Lightweight Material Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Automotive Lightweight Material by Application
4.1 Automotive Lightweight Material Market Segment by Application
4.1.1 ICE
4.1.2 EV
4.2 Global Automotive Lightweight Material Market Size by Application
4.2.1 Global Automotive Lightweight Material Market Size Overview by Application (2018-2029)
4.2.2 Global Automotive Lightweight Material Historic Market Size Review by Application (2018-2023)
4.2.3 Global Automotive Lightweight Material Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Automotive Lightweight Material Sales Breakdown by Application (2018-2023)
4.3.2 Europe Automotive Lightweight Material Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Automotive Lightweight Material Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Automotive Lightweight Material Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Automotive Lightweight Material Sales Breakdown by Application (2018-2023)
5 North America Automotive Lightweight Material by Country
5.1 North America Automotive Lightweight Material Historic Market Size by Country
5.1.1 North America Automotive Lightweight Material Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Automotive Lightweight Material Sales in Volume by Country (2018-2023)
5.1.3 North America Automotive Lightweight Material Sales in Value by Country (2018-2023)
5.2 North America Automotive Lightweight Material Forecasted Market Size by Country
5.2.1 North America Automotive Lightweight Material Sales in Volume by Country (2024-2029)
5.2.2 North America Automotive Lightweight Material Sales in Value by Country (2024-2029)
6 Europe Automotive Lightweight Material by Country
6.1 Europe Automotive Lightweight Material Historic Market Size by Country
6.1.1 Europe Automotive Lightweight Material Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Automotive Lightweight Material Sales in Volume by Country (2018-2023)
6.1.3 Europe Automotive Lightweight Material Sales in Value by Country (2018-2023)
6.2 Europe Automotive Lightweight Material Forecasted Market Size by Country
6.2.1 Europe Automotive Lightweight Material Sales in Volume by Country (2024-2029)
6.2.2 Europe Automotive Lightweight Material Sales in Value by Country (2024-2029)
7 Asia-Pacific Automotive Lightweight Material by Region
7.1 Asia-Pacific Automotive Lightweight Material Historic Market Size by Region
7.1.1 Asia-Pacific Automotive Lightweight Material Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Automotive Lightweight Material Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Automotive Lightweight Material Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Automotive Lightweight Material Forecasted Market Size by Region
7.2.1 Asia-Pacific Automotive Lightweight Material Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Automotive Lightweight Material Sales in Value by Region (2024-2029)
8 Latin America Automotive Lightweight Material by Country
8.1 Latin America Automotive Lightweight Material Historic Market Size by Country
8.1.1 Latin America Automotive Lightweight Material Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Automotive Lightweight Material Sales in Volume by Country (2018-2023)
8.1.3 Latin America Automotive Lightweight Material Sales in Value by Country (2018-2023)
8.2 Latin America Automotive Lightweight Material Forecasted Market Size by Country
8.2.1 Latin America Automotive Lightweight Material Sales in Volume by Country (2024-2029)
8.2.2 Latin America Automotive Lightweight Material Sales in Value by Country (2024-2029)
9 Middle East and Africa Automotive Lightweight Material by Country
9.1 Middle East and Africa Automotive Lightweight Material Historic Market Size by Country
9.1.1 Middle East and Africa Automotive Lightweight Material Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Automotive Lightweight Material Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Automotive Lightweight Material Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Automotive Lightweight Material Forecasted Market Size by Country
9.2.1 Middle East and Africa Automotive Lightweight Material Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Automotive Lightweight Material Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 BASF (Germany)
10.1.1 BASF (Germany) Company Information
10.1.2 BASF (Germany) Introduction and Business Overview
10.1.3 BASF (Germany) Automotive Lightweight Material Sales, Revenue and Gross Margin (2018-2023)
10.1.4 BASF (Germany) Automotive Lightweight Material Products Offered
10.1.5 BASF (Germany) Recent Development
10.2 ThyssenKrupp (Germany)
10.2.1 ThyssenKrupp (Germany) Company Information
10.2.2 ThyssenKrupp (Germany) Introduction and Business Overview
10.2.3 ThyssenKrupp (Germany) Automotive Lightweight Material Sales, Revenue and Gross Margin (2018-2023)
10.2.4 ThyssenKrupp (Germany) Automotive Lightweight Material Products Offered
10.2.5 ThyssenKrupp (Germany) Recent Development
10.3 Covestro (Germany)
10.3.1 Covestro (Germany) Company Information
10.3.2 Covestro (Germany) Introduction and Business Overview
10.3.3 Covestro (Germany) Automotive Lightweight Material Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Covestro (Germany) Automotive Lightweight Material Products Offered
10.3.5 Covestro (Germany) Recent Development
10.4 ArcelorMittal (Luxembourg)
10.4.1 ArcelorMittal (Luxembourg) Company Information
10.4.2 ArcelorMittal (Luxembourg) Introduction and Business Overview
10.4.3 ArcelorMittal (Luxembourg) Automotive Lightweight Material Sales, Revenue and Gross Margin (2018-2023)
10.4.4 ArcelorMittal (Luxembourg) Automotive Lightweight Material Products Offered
10.4.5 ArcelorMittal (Luxembourg) Recent Development
10.5 Lyondellbasell (US)
10.5.1 Lyondellbasell (US) Company Information
10.5.2 Lyondellbasell (US) Introduction and Business Overview
10.5.3 Lyondellbasell (US) Automotive Lightweight Material Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Lyondellbasell (US) Automotive Lightweight Material Products Offered
10.5.5 Lyondellbasell (US) Recent Development
10.6 Novelis (US)
10.6.1 Novelis (US) Company Information
10.6.2 Novelis (US) Introduction and Business Overview
10.6.3 Novelis (US) Automotive Lightweight Material Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Novelis (US) Automotive Lightweight Material Products Offered
10.6.5 Novelis (US) Recent Development
10.7 Toray Industries (Japan)
10.7.1 Toray Industries (Japan) Company Information
10.7.2 Toray Industries (Japan) Introduction and Business Overview
10.7.3 Toray Industries (Japan) Automotive Lightweight Material Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Toray Industries (Japan) Automotive Lightweight Material Products Offered
10.7.5 Toray Industries (Japan) Recent Development
10.8 PPG Industries (US)
10.8.1 PPG Industries (US) Company Information
10.8.2 PPG Industries (US) Introduction and Business Overview
10.8.3 PPG Industries (US) Automotive Lightweight Material Sales, Revenue and Gross Margin (2018-2023)
10.8.4 PPG Industries (US) Automotive Lightweight Material Products Offered
10.8.5 PPG Industries (US) Recent Development
10.9 Alcoa (US)
10.9.1 Alcoa (US) Company Information
10.9.2 Alcoa (US) Introduction and Business Overview
10.9.3 Alcoa (US) Automotive Lightweight Material Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Alcoa (US) Automotive Lightweight Material Products Offered
10.9.5 Alcoa (US) Recent Development
10.10 Owens Corning (US)
10.10.1 Owens Corning (US) Company Information
10.10.2 Owens Corning (US) Introduction and Business Overview
10.10.3 Owens Corning (US) Automotive Lightweight Material Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Owens Corning (US) Automotive Lightweight Material Products Offered
10.10.5 Owens Corning (US) Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Automotive Lightweight Material Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Automotive Lightweight Material Industrial Chain Analysis
11.4 Automotive Lightweight Material Market Dynamics
11.4.1 Automotive Lightweight Material Industry Trends
11.4.2 Automotive Lightweight Material Market Drivers
11.4.3 Automotive Lightweight Material Market Challenges
11.4.4 Automotive Lightweight Material Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Automotive Lightweight Material Distributors
12.3 Automotive Lightweight Material Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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