Automotive Lightweight Materials Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

Automotive Lightweight Materials Market size exceeded USD 184.9 billion in 2019 and is estimated to grow at a CAGR of over 8% from 2021 to 2027.

Automotive lightweight materials are used in cars to reduce weight and increase speed and fuel economy. These lightweight materials adequately replace the heavy common materials previously used to make vehicle frames due to their advantages such as reduced material consumption, increased strength, low corrosion rates and improved handling. Carbon fiber is one of the materials used extensively by automotive companies around the world because it reduces vehicle weight while maintaining strength.

Market Segments:

By Application

• Body in white
• Chassis and suspension
• Powertrain s
• Closures
• Interiors
• Others

By Component

• Frames
• Wheels
• Bumpers & fenders
• Engines & exhausts
• Fuel tanks
• Transmissions
• Doors
• Hood & trunk lid
• Seats
• Instrument panels

Key Players

Key players operating in the market include Lyondellbasell Industries N.V., ALCOA Inc., Saudi Basic Industries Corporation (SABIC), PPG Industries Inc., Toray Industries Inc., Novelis Inc., thyssenkrupp AG, Bayer A.G., Owens Corning Corporation, and Arcelormittal S.A. among others.

Scope of the Report

The research study analyzes the global Automotive Lightweight Materials industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Automotive Lightweight Materials Market Report

1. What was the Automotive Lightweight Materials Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027). 2. What will be the CAGR of the Automotive Lightweight Materials Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Automotive Lightweight Materials Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.