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Automotive Lightweight Materials Global Market Growth Opportunities 2022-2031 : Top Players, Regions, Application
Automotive Lightweight Materials Market Share
The regions covered in the automotive lightweight materials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, Europe accounts for the largest automotive lightweight materials market share.
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The automotive lightweight material market consists of sales of automotive lightweight materials by entities (organizations, sole traders, and partnerships) that are engaged in the production of different lightweight materials for the manufacturing of automotive components such as carbon fiber, aluminum, and magnesium among others. Automotive lightweight materials are used in vehicles to decrease weight, increase speed, and improve fuel economy. Due to advantages such as reduced material consumption, increased strength, low degradation risk, and improved handling, these lightweight materials are an excellent substitute for bulky conventional materials previously used to build vehicle frames.
Key competitors in the automotive lightweight materials market include BASF SE, Covestro AG, LyondellBasell Industries Holdings B.V, Toray Industries Inc, ArcelorMittal, ThyssenKrupp AG, Novelis Inc, Alcoa Corporation, Stratasys Ltd, Owens Corning, Tata Steel, and POSCO.
The global automotive lightweight materials market size is expected to grow from $86.92 billion in 2021 to $99.97 billion in 2022 at a compound annual growth rate (CAGR) of 15.0%. The global automotive lightweight material market size is expected to grow to $141.41 billion in 2026 at a CAGR of 9.1%.
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TBRC's Report Segments The Global Automotive Lightweight Materials Market:
1) By Material Type: Metals, Composites, Plastics, Elastomer
2) By Vehicle Type: Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle
3) By Application: Body in White, Chassis and Suspension, Powertrain, Closures, Interiors, Others
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The Table Of Contents Includes:
1. Executive Summary
2. Automotive Lightweight Material Market Characteristics
3. Automotive Lightweight Material Market Trends And Strategies
4. Impact Of COVID-19 On Automotive Lightweight Material
5. Automotive Lightweight Material Market Size And Growth
.....
26. Africa Automotive Lightweight Material Market
27. Automotive Lightweight Material Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Lightweight Material Market
29. Automotive Lightweight Material Market Future Outlook and Potential Analysis
30. Appendix
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