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Automotive Lightweight Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

August 2022 | 143 pages | ID: AA56DA645605EN
IMARC Group

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The global automotive lightweight materials market size reached US$ 67.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 107.0 Billion by 2027, exhibiting a growth rate (CAGR) of 7.97% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

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.

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.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive lightweight materials market report, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on material type, propulsion type, component, application and vehicle type.

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

Breakup by Propulsion Type:

IC Engine Powered
Electric Powered
Others

Breakup by Component:

Frame
Wheel
Bumper
Door and Seat
Instrument Panel
Others

Breakup by Application:

Structural
Interior
Exterior
Powertrain
Others

Breakup by Vehicle Type:

Passenger Vehicle
Light Commercial Vehicle (LCV)
Heavy Commercial Vehicle (HCV)

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 has been the impact of COVID-19 on 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 propulsion 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 Impact of COVID-19
5.4 Market Breakup by Material Type
5.5 Market Breakup by Propulsion Type
5.6 Market Breakup by Component
5.7 Market Breakup by Application
5.8 Market Breakup by Vehicle Type
5.9 Market Breakup by Region
5.10 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 PROPULSION TYPE

7.1 IC Engine Powered
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Electric Powered
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Others
  7.3.1 Market Trends
  7.3.2 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
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4 Door and Seat
  8.4.1 Market Trends
  8.4.2 Market Forecast
8.5 Instrument Panel
  8.5.1 Market Trends
  8.5.2 Market Forecast
8.6 Others
  8.6.1 Market Trends
  8.6.2 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 Vehicle
  10.1.1 Market Trends
  10.1.2 Market Forecast
10.2 Light Commercial Vehicle (LCVs)
  10.2.1 Market Trends
  10.2.2 Market Forecast
10.3 Heavy Commercial Vehicle (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 TABLES

Table 1: Global: Automotive Lightweight Materials Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Automotive Lightweight Materials Market Forecast: Breakup by Material Type (in Billion US$), 2022-2027
Table 3: Global: Automotive Lightweight Materials Market Forecast: Breakup by Propulsion Type (in Billion US$), 2022-2027
Table 4: Global: Automotive Lightweight Materials Market Forecast: Breakup by Component (in Billion US$), 2022-2027
Table 5: Global: Automotive Lightweight Materials Market Forecast: Breakup by Application (in Billion US$), 2022-2027
Table 6: Global: Automotive Lightweight Materials Market Forecast: Breakup by Vehicle Type (in Billion US$), 2022-2027
Table 7: Global: Automotive Lightweight Materials Market Forecast: Breakup by Region (in Billion US$), 2022-2027
Table 8: Global: Automotive Lightweight Materials Market: Competitive Structure
Table 9: Global: Automotive Lightweight Materials Market: Key Players

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$), 2016-2021
Figure 3: Global: Automotive Lightweight Materials Market: Breakup by Material Type (in %), 2021
Figure 4: Global: Automotive Lightweight Materials Market: Breakup by Propulsion Type (in %), 2021
Figure 5: Global: Automotive Lightweight Materials Market: Breakup by Component (in %), 2021
Figure 6: Global: Automotive Lightweight Materials Market: Breakup by Application (in %), 2021
Figure 7: Global: Automotive Lightweight Materials Market: Breakup by Vehicle Type (in %), 2021
Figure 8: Global: Automotive Lightweight Materials Market: Breakup by Region (in %), 2021
Figure 9: Global: Automotive Lightweight Materials Market Forecast: Sales Value (in Billion US$), 2022-2027
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$), 2016 & 2021
Figure 14: Global: Automotive Lightweight Materials (Metal) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 15: Global: Automotive Lightweight Materials (Composite) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 16: Global: Automotive Lightweight Materials (Composite) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 17: Global: Automotive Lightweight Materials (Plastic) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 18: Global: Automotive Lightweight Materials (Plastic) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 19: Global: Automotive Lightweight Materials (Elastomer) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 20: Global: Automotive Lightweight Materials (Elastomer) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 21: Global: Automotive Lightweight Materials (IC Engine Powered) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 22: Global: Automotive Lightweight Materials (IC Engine Powered) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 23: Global: Automotive Lightweight Materials (Electric Powered) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 24: Global: Automotive Lightweight Materials (Electric Powered) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 25: Global: Automotive Lightweight Materials (Other Propulsion Types) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 26: Global: Automotive Lightweight Materials (Other Propulsion Types) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 27: Global: Automotive Lightweight Materials (Frame) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 28: Global: Automotive Lightweight Materials (Frame) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 29: Global: Automotive Lightweight Materials (Wheel) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 30: Global: Automotive Lightweight Materials (Wheel) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 31: Global: Automotive Lightweight Materials (Bumper) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 32: Global: Automotive Lightweight Materials (Bumper) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 33: Global: Automotive Lightweight Materials (Door and Seat) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 34: Global: Automotive Lightweight Materials (Door and Seat) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 35: Global: Automotive Lightweight Materials (Instrument Panel) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 36: Global: Automotive Lightweight Materials (Instrument Panel) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 37: Global: Automotive Lightweight Materials (Other Components) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 38: Global: Automotive Lightweight Materials (Other Components) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 39: Global: Automotive Lightweight Materials (Structural) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 40: Global: Automotive Lightweight Materials (Structural) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 41: Global: Automotive Lightweight Materials (Interior) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 42: Global: Automotive Lightweight Materials (Interior) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 43: Global: Automotive Lightweight Materials (Exterior) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 44: Global: Automotive Lightweight Materials (Exterior) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 45: Global: Automotive Lightweight Materials (Powertrain) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 46: Global: Automotive Lightweight Materials (Powertrain) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 47: Global: Automotive Lightweight Materials (Other Applications) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 48: Global: Automotive Lightweight Materials (Other Applications) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 49: Global: Automotive Lightweight Materials (Passenger Vehicle) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 50: Global: Automotive Lightweight Materials (Passenger Vehicle) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 51: Global: Automotive Lightweight Materials (Light Commercial Vehicle) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 52: Global: Automotive Lightweight Materials (Light Commercial Vehicle) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 53: Global: Automotive Lightweight Materials (Heavy Commercial Vehicle) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 54: Global: Automotive Lightweight Materials (Heavy Commercial Vehicle) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 55: North America: Automotive Lightweight Materials Market: Sales Value (in Billion US$), 2016 & 2021
Figure 56: North America: Automotive Lightweight Materials Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 57: Europe: Automotive Lightweight Materials Market: Sales Value (in Billion US$), 2016 & 2021
Figure 58: Europe: Automotive Lightweight Materials Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 59: Asia Pacific: Automotive Lightweight Materials Market: Sales Value (in Billion US$), 2016 & 2021
Figure 60: Asia Pacific: Automotive Lightweight Materials Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 61: Middle East and Africa: Automotive Lightweight Materials Market: Sales Value (in Billion US$), 2016 & 2021
Figure 62: Middle East and Africa: Automotive Lightweight Materials Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 63: Latin America: Automotive Lightweight Materials Market: Sales Value (in Billion US$), 2016 & 2021
Figure 64: Latin America: Automotive Lightweight Materials Market Forecast: Sales Value (in Billion US$), 2022-2027


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