Press release
Automotive Lightweight Materials Market Analysis, Trends and Dynamic Demand by Forecast 2022 to 2030
Global Automotive Lightweight Materials Market
Cast iron and traditional steel components are generally replaced with lightweight automotive materials in a variety of cars, including electric, plug-in, and hybrid electric vehicles. They are included into the structural components that allow cars to transport cutting-edge safety equipment, integrated electronic systems, and pollution control systems. Lightweight materials are used in automobiles to increase efficiency, extend all-electric range, and offset the weight of their power systems, such as electric motors and batteries. High-strength steel, aluminium alloys, polymer composites, carbon fiber, magnesium alloys, and other lightweight materials are some of the most frequently used ones in the automotive industry.
Innovative materials are required for modern vehicles to improve fuel efficiency while maintaining performance and safety. Lightweight materials offer a strong potential for enhancing vehicle economy since it takes less energy to accelerate a lighter object than it does a heavier one. Fuel economy can rise by 6% to 8% with a 10% reduction in vehicle weight. Cast iron and regular steel parts can be swapped out for lighter ones like high-strength steel, magnesium (Mg) alloys, aluminium (Al) alloys, carbon fiber, and polymer composites to reduce weight by up to 50% while boosting fuel efficiency.
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Global Automotive Lightweight Materials Market: Major Players
Borealis AG
Owens Corning
United States Steel
Trinseo
Stratasys Ltd.
Alcoa Corporation
ArcelorMittal
BASF SE
LANXESS
SGL Carbon
TORAY INDUSTRIES, INC.
thyssenkrupp AG.
Covestro AG
Aleris Corporation.
LyondellBasell Industries Holdings B.V.
Novelis
POSCO
AK Steel Corporation
Global Automotive Lightweight Materials Market: Types
Metals
Magnesium/Titanium
Aluminium
HSS
Plastic
Rubber
EPDM
SBR
NR
Composites
GFRP
NFRP
Global Automotive Lightweight Materials Market: Applications
Body in White
Chassis and Suspension
Powertrains
Closures
Interiors
Others
Global Automotive Lightweight Materials Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Automotive Lightweight Materials market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Frequently Asked Questions
1. What is the projected market size & growth rate of the Automotive Lightweight Materials Market?
2. What are the key driving factors for the growth of the Automotive Lightweight Materials Market?
3. What segments are covered in the Automotive Lightweight Materials Market Report?
4. What is the current market value?
5. Who are the key players in the automotive lightweight material market?
6. What are the factors driving the automotive lightweight material market?
7. What are the top players operating in the Automotive Lightweight Materials Market?
8. How can I get a sample report/company profile for the Automotive Lightweight Materials Market?
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