Automotive Anti-Pinch Power Window System Market to Reach $3,611.2 Million by 2023     |    Orthodontic Supplies Market to Reach $5.9 Billion by 2023     |    Automotive HMI Market to Reach $39,695 Million by 2023
P&S Market Research - A market research firm

Automotive Lightweight Material Market

P&S Market Research-Automotive Lightweight Material Market report

Global Automotive Lightweight Material Market Size, Share, Development, Growth and Demand Forecast to 2022 – Industry Insights by Materials Type (Metals, Plastics, Composites), Metal Type (Aluminum, High Strength Steel, Others), Composite Type (Carbon Fiber Reinforced Plastics, Glass Fiber Reinforced Polymer), Application (Structural, Powertrain, Interior, Exterior, Others)

Published: April 2016
Report Code: CM10619
Available Format: pdf
Pages: 143

The global automotive lightweight material market is witnessing significant growth, due to rapid increase in number of vehicles, increasing demand for improved vehicle performance, and government regulations and mandates. Moreover, the increasing demand for reducing harmful gases emission, fuel efficiency, and enhancing driving dynamics of vehicles is supporting the growth of the global automotive lightweight material market. The implementation of stringent environmental regulations across the globe is propelling the demand for lightweight materials. Several international organizations are framing strict guidelines and standards, in order to reduce the greenhouse gases emission. European and North American legislation in particular had formulated broad agendas towards the development of lightweight materials, in order to achieve target for reduced CO2 emission by 2025. Various developments across Asia-Pacific for reducing carbon emission has also increased. China is the biggest greenhouse gases emitter introducing new policies, which is expected to put a cap on carbon emission. In addition, other Asia-Pacific countries, such as India, Australia and Indonesia are also introducing new norms and regulation to mitigate climate change by reducing carbon emission. Overall these policies are being employed globally, and would lead to significant growth in the automotive lightweight industry.



Automotive Lightweight Material Market

Among the various material types, the metal segment held the largest share in the global automotive lightweight material market in 2015, and it is anticipated to retain its dominance during the forecast period, due to the high dependence on high-strength steel and aluminum. The consumption of composite materials, in comparison to plastics and metals, for automotive lightweight materials is anticipated to witness the highest growth during 2016 – 2022, owing to their excellent mechanical and physical properties, along with high durability. Moreover, the structural application segment dominated the global market in 2015, and it is also anticipated to hold the highest share by 2022.

The global automotive lightweight material market was estimated at $77.1 billion in 2015, and it is expected to grow at a CAGR of 14.0% during 2016 – 2022. North America accounted for the largest market of automotive lightweight material in the world, with 18,250.2 thousand tons of lightweight material consumed in 2015. The major reasons behind the growth of the market in the region include regulatory pressure by government to reduce CO2 emission, and strict fuel economy majors being adopted throughout North America.

Europe is the second largest market in the global automotive lightweight material market. The European automotive lightweight material market is driven by the demand for better fuel economy and reduced CO2 emissions, in order to comply with EU legislation (from<130g CO2/km in 2015 down to <95g CO2/km by 2021).

The key companies operating in the global automotive lightweight material market include Arcelor Mittal S.A., Owens Corning, PPG Industries Inc., ThyssenKrupp AG, Toray Industries Inc., Novelis Inc., Alcoa Inc., LyondellBasell Industries N.V., Hexcel Corporation, and Saudi Basic Industries Corporation.

Place An Order

Single User License

Single User License authorizes access of the publication to single user, i.e. the buyer of the report.

Group License

Group License authorizes access of the publication upto 5 users.

Enterprise License

Enterprise License provides right to distribute copies of the publication across the organization and its subsidiaries.


Pre-Purchase Enquiry

Contact Us

  • U.S. Center : 347 5th Ave. #1402- 210 New York City, NY 10016 United States
  • Asian Center : B-28, Sector 1, Noida, U.P. - 201301 India.

Secure Online Payments

  • Payment