Press release
Automotive Lightweight Material Market Size Worth US$ 47.32 Billion by 2035 at a CAGR of 3.3% | Fact.MR
Automotive Lightweight Material Market
Technology has been the driving force behind the automotive lightweight material sector for the past two years, led by high-strength aluminum, carbon fiber polymer, and magnesium alloys. They are powerful but light materials whose structure has led to the enhanced performance of new cars. The light-weighting has also been driven by innovation in the electric vehicle (EV) market, such that one can improve the range as well as overall energy efficiency of the EVs by reducing the weight of the EVs.
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Automotive Lightweight Material Industry Analysis Across Key Countries
Fact.MR projected that the U.S. automotive lightweight material market would undergo a steep growth, recording a forecast CAGR of 3.1% during the period 2025 to 2035. This is led by the rapid shift of innovation in manufacturing technology, including automation and material science.
Fact.MR estimates the market in China will grow at 3.5% CAGR from 2025 to 2035. As the world's biggest car producer and consumer, China has made reducing carbon emissions a priority, which has impacted significantly on the use of lightweight material within the automotive industry.
Fact.MR anticipates the industry in U.K. to grow at a rate of 2.9% CAGR for the period 2025-2035. One of the most significant reasons lightweight materials are employed is the fact that the nation is working to decrease car emissions and fuel usage.
Fact.MR is also forecasting that the industry in South Korea will grow at a 3.6% CAGR during 2025-2035. Being a global leader in the automobile sector, South Korea is emphasizing producing more energy-efficient but lighter vehicles with the aim of boosting fuel efficiency as well as lowering carbon emissions. In fact, this is very real.
Key Strategies
As the world evolves, the competitive forces are being outrun by the stakeholders in the automotive lightweight material market by relying on technology innovation and collaborations. They are all dipping into emerging manufacturing technologies like automation and artificial intelligence-based processes in a bid to raise efficiency levels and reduce costs.
Industry participants are equally in the frontline to seek collaborations with technology companies in order to bring intelligent technologies into their offerings in anticipation of the increasing needs for green and high-performance products.
Investors are taking precautions, they are considering investing in businesses whose innovation, sustainability, and diversification plans are evident in the sector. With greater focus being laid on environmental, social, and governance (ESG) factors, investors are supporting businesses that fall under the category of the world's sustainability objectives.
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Key Players
AK Steel Holding Corp
Aleris International
ArcelorMittal SA
Asahi Kasei Corporation
Baoshan Iron & Steel Co., Ltd
BASF
Braskem
Celanese
Chevron Phillips
Covestro
Dupont
DSM
Eastman
ExxonMobil
Formosa
Segmentation
By Material :
Steel
HSS
AHSS & UHSS
Metals
Aluminum
Magnesium
Titanium
Polymers
PP
PU
ABS
Polycarbonates
Polyamides
Others
Composites
Carbon
Aramide & Fiber Glass
Elastomers
By Vehicle :
Passenger Cars
Compact Cars
Mid-sized Cars
Luxury Cars
Premium Cars
LCVs
HCVs
By Application :
Engine & Mechanical
Chassis and Suspension
Powertrain
Others
Exterior & Structural
Body Structure and Frame
Body Panels & Trims
Closures
Others
Interior
Seating
Door Modules
Instrument Panels
Others
HVAC & Electrical
By Region :
North America
Latin America
Europe
East Asia
South Asia & Oceania
Middle East and Africa (MEA)
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About Fact.MR
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