Automotive Lightweight Material Market to Rebound Strongly with Sales Pegged at US$ 150 Billion By 2030

Posted by Aparna on August 28th, 2023

Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global automotive lightweight material market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.

The global market has witnessed moderate growth at a CAGR of 3.3% over the past half-decade. However, due to the ongoing outbreak of COVID-19, automotive production has plummeted in quarter Q2 of FY2020, and has cascaded the demand effect towards automotive light weight material.

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Prominent Manufacturers 

Voestalpine Stahl GmbH , POSCO, Formosa, JSR, Owen Corning, ThyssenKrupp AG, Trinseo, LG Chem, Aleris International, Dupont, Eastman etc are the prominent manufacturers of Automotive Lightweight Material Market.

Key findings of the Automotive Lightweight Material market study:

• Regional breakdown of the Automotive Lightweight Material market based on predefined taxonomy.
• Innovative manufacturing processes implemented by Automotive Lightweight Material vendors in detail.
• Region-wise and country-wise fragmentation of the Automotive Lightweight Material market to grasp the revenue, and growth outlook in these areas.
• Changing preferences among consumers across various regions and countries.
• Factors (Positive and Negative) impacting the growth of the global Automotive Lightweight Material market.

Segment Analysis

Fact.MR has studied the automotive lightweight material market with detailed segmentation on the basis of by material, vehicle, application, and key regions.

• By Material :
o Steel
o HSS
o AHSS & UHSS
o Metals
o Aluminum
o Magnesium
o Titanium
o Polymers
o PP
o PU
o ABS
o Polycarbonates
o Polyamides
o Others
o Composites
o Carbon
o Aramide & Fiber Glass
o Elastomers

• By Vehicle :
o Passenger Cars
o Compact Cars
o Mid-sized Cars
o Luxury Cars
o Premium Cars
o LCVs
o HCVs

• By Application :
o Engine & Mechanical
o Chassis and Suspension
o Powertrain
o Others
o Exterior & Structural
o Body Structure and Frame
o Body Panels & Trims
o Closures
o Others
o Interior
o Seating
o Door Modules
o Instrument Panels
o Others
o HVAC & Electrical

• By Regions :
o North America
o Latin America Excluding Mexico
o Europe Excluding Germany
o East Asia Excluding China
o South Asia & Oceania
o Middle East & Africa
o Germany
o China
o Mexico

Queries addressed in the Automotive Lightweight Material market report:

•  Why are the Automotive Lightweight Material market players targeting region for increased product sales?
•  What patented technologies are the players utilizing in the global Automotive Lightweight Material market?
• Which regions are displaying the fastest growth in the Automotive Lightweight Material market?
•  What are the underlying micro- macroeconomic factors affecting the global Automotive Lightweight Material market?