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自動車用軽量材料の市場レポート:材料タイプ、推進タイプ、部品、用途、車種、地域別、2024~2032年

Automotive Lightweight Materials Market Report by Material Type, Propulsion Type, Component, Application, Vehicle Type (Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle ), and Region 2024-2032

出版日: | 発行: IMARC | ページ情報: 英文 137 Pages | 納期: 2~3営業日

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価格
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本日の銀行送金レート: 1USD=157.14円
自動車用軽量材料の市場レポート:材料タイプ、推進タイプ、部品、用途、車種、地域別、2024~2032年
出版日: 2024年04月08日
発行: IMARC
ページ情報: 英文 137 Pages
納期: 2~3営業日
  • 全表示
  • 概要
  • 図表
  • 目次
概要

世界の自動車用軽量材料の市場規模は、2023年に790億米ドルに達しました。今後、IMARC Groupは、2024~2032年にかけて6.7%の成長率(CAGR)を示し、2032年までに1,454億米ドルに達すると予測しています。厳しい政府規制の賦課、電気自動車(EV)の普及拡大、消費者の嗜好の変化、材料科学における研究開発の進行、持続可能性の重視の高まり、製造技術における最近の進歩などが、市場を推進している主要要因の一部です。

自動車用軽量材料とは、性能を維持または向上させながら全体的な重量を減らすために自動車製造に採用される特殊な材料を指します。これには、高強度鋼、アルミニウム、マグネシウム、炭素繊維などの複合材料が含まれます。車体構造、パワートレイン、サスペンション、ブレーキシステム、内装、ホイール、タイヤなどに広く使用されています。自動車用軽量材料は、燃費の向上、二酸化炭素排出量の削減、ブレーキ性能の向上、積載量の増加に役立っています。また、設計の柔軟性を高め、高い強度対重量比を実現し、車両の長寿命化に貢献し、他の車両部品の摩耗や損傷を軽減します。

より効率的で費用対効果の高い新しい軽量材料を生み出すために材料科学セグメントで研究開発が進められていることが、市場の成長を後押ししています。さらに、持続可能性を重視する傾向が強まっていることも、自動車の排出ガスとカーボンフットプリント全体を削減するための製品需要を促進しています。さらに、自動車メーカーが製品の差別化を図り、競合を高めるために軽量材料の利用を増やしていることも、市場の成長を後押ししています。これに加えて、自動車の安全機能強化に製品が広く応用されていることも、もう一つの成長促進要因として作用しています。さらに、最近の製造技術の進歩により、軽量材料を大量生産車に組み込むことがより簡単でコスト効率も良くなっていることも、市場の成長を後押ししています。これとともに、持続可能性を促進する製品の利点に関する大衆の意識の高まりも、市場成長を後押ししています。

自動車用軽量材料の市場動向と促進要因:

厳しい政府規制の導入

気候変動対策と大気汚染削減のため、各国政府がより厳しい排出ガス規制と燃費基準を導入していることが市場成長の原動力となっています。こうした規制により、自動車メーカーは積極的な対策を講じ、規制需要を満たすために軽量材料を利用するようになっています。こうした軽量材料は、構造的完全性や耐久性を損なうことなく車両全体の重量を減らすのに役立ち、燃費を向上させ、温室効果ガス(GHG)排出量を削減します。さらに、こうした規制を遵守することで、企業は多額の罰金を回避できるだけでなく、市場における責任ある先進的な企業として位置づけられます。これとは別に、複数の政府によって明確な企業燃費基準が課され、企業の車両に軽量材料を採用する必要性が生じていることも、市場の成長を支えています。

電気自動車(EV)の採用増加

電気自動車(EV)市場は、より持続可能な輸送手段への消費者の嗜好の変化により、急速な成長を遂げています。これに伴い、軽量材料は、エネルギー効率を大幅に高め、車両の安全性を向上させ、1回の充電での航続距離を伸ばすことから、EVのシャーシ、パネル、内装部品、その他の構造部品の製造に広く使用されています。さらに、熱を放散して最適な性能を確保するために、EVの熱管理システムに広く製品が採用されていることも、市場の成長を支えています。さらに、EVの耐久性、強度、消費者への訴求力を高めるために、自動車メーカーがボディ、インテリア、サスペンションなどの主要セグメントで軽量材料の利用を拡大していることも、市場成長にプラスの影響を与えています。

消費者の嗜好の変化

自動車の性能、安全性、燃費の向上に対する消費者の期待の高まりは、市場成長にプラスの影響を与えています。軽量材料は、マテリアルハンドリングの改善、燃料消費の削減、構造耐久性の向上、回生ブレーキなどのより高度な安全機能の搭載を可能にすることで、これらの特性に直接貢献しています。さらに、消費者の需要を満たし競合優位性を獲得するために、自動車メーカーがこれらの材料を広く採用していることも、成長を促す要因となっています。これに加えて、自動車メーカーは、消費者が情報通であり、環境の持続可能性と運転効率の両方を優先していることを強く認識しています。その結果、自動車製造における軽量材料の利用は、自動車メーカーが消費者の嗜好に合った製品を提供し、収益性を高めるための戦略的手段として役立っています。

目次

第1章 序文

第2章 調査範囲と調査手法

  • 調査目的
  • 利害関係者
  • データソース
    • 一次情報
    • 二次情報
  • 市場推定
    • ボトムアップアプローチ
    • トップダウンアプローチ
  • 調査手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

  • 概要
  • 主要産業動向

第5章 自動車用軽量材料の世界市場

  • 市場概要
  • 市場実績
  • COVID-19の影響
  • 市場内訳:材料タイプ別
  • 市場内訳:推進タイプ別
  • 市場内訳:部品別
  • 市場内訳:用途別
  • 市場内訳:車種別
  • 市場内訳:地域別
  • 市場予測

第6章 市場内訳:材料タイプ別

  • 金属
    • 市場動向
    • 市場内訳:タイプ別
      • 高強度鋼(ハイス)
      • アルミニウム
      • マグネシウム・チタン
    • 市場予測
  • 複合材料
    • 市場動向
    • 市場内訳:タイプ別
      • 炭素繊維強化ポリマー(CFPR)
      • ガラス繊維強化ポリマー(GFRP)
      • 天然繊維強化ポリマー(NFRP)
      • その他
    • 市場予測
  • プラスチック
  • エラストマー

第7章 市場内訳:推進タイプ別

  • ICエンジン搭載
  • 電動式
  • その他

第8章 市場内訳:部品別

  • フレーム
  • ホイール
  • バンパー
    • 市場動向
    • 市場展望
  • ドアとシート
    • 市場動向
    • 市場展望
  • インストルメントパネル
    • 市場動向
    • 市場展望
  • その他

第9章 市場内訳:用途別

  • 構造別
  • 内装
  • 外装
  • パワートレイン
  • その他

第10章 市場内訳:車種別

  • 乗用車
  • 小型商用車(LCV)
  • 大型商用車(HCV)

第11章 市場内訳:地域別

  • 北米
  • 欧州
  • アジア太平洋
  • 中東・アフリカ地域
  • ラテンアメリカ

第12章 SWOT分析

  • 概要
  • 強み
  • 弱み
  • 機会
  • 脅威

第13章 バリューチェーン分析

第14章 ポーターのファイブフォース分析

  • 概要
  • 買い手の交渉力
  • 供給企業の交渉力
  • 競合の程度
  • 新規参入業者の脅威
  • 代替品の脅威

第15章 価格分析

第16章 競合情勢

  • 市場構造
  • 主要企業
  • 主要企業のプロファイル
    • BASF SE
    • Magna International
    • Toray Industries
    • Covestro AG
    • ArcelorMittal
    • thyssenkrupp AG
    • Alcoa Corporation
    • Bayer AG
    • Saudi Arabia Basic Industries Corporation(SABIC)
    • PPG Industries
    • LyondellBasell
    • Novelis
    • Owens Corning Corporation
    • Grupo Antolin
図表

List of Figures

  • Figure 1: Global: Automotive Lightweight Materials Market: Major Drivers and Challenges
  • Figure 2: Global: Automotive Lightweight Materials Market: Sales Value (in Billion US$), 2018-2023
  • Figure 3: Global: Automotive Lightweight Materials Market: Breakup by Material Type (in %), 2023
  • Figure 4: Global: Automotive Lightweight Materials Market: Breakup by Propulsion Type (in %), 2023
  • Figure 5: Global: Automotive Lightweight Materials Market: Breakup by Component (in %), 2023
  • Figure 6: Global: Automotive Lightweight Materials Market: Breakup by Application (in %), 2023
  • Figure 7: Global: Automotive Lightweight Materials Market: Breakup by Vehicle Type (in %), 2023
  • Figure 8: Global: Automotive Lightweight Materials Market: Breakup by Region (in %), 2023
  • Figure 9: Global: Automotive Lightweight Materials Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 10: Global: Automotive Lightweight Materials Industry: SWOT Analysis
  • Figure 11: Global: Automotive Lightweight Materials Industry: Value Chain Analysis
  • Figure 12: Global: Automotive Lightweight Materials Industry: Porter's Five Forces Analysis
  • Figure 13: Global: Automotive Lightweight Materials (Metal) Market: Sales Value (in Billion US$), 2018 & 2023
  • Figure 14: Global: Automotive Lightweight Materials (Metal) Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 15: Global: Automotive Lightweight Materials (Composite) Market: Sales Value (in Billion US$), 2018 & 2023
  • Figure 16: Global: Automotive Lightweight Materials (Composite) Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 17: Global: Automotive Lightweight Materials (Plastic) Market: Sales Value (in Billion US$), 2018 & 2023
  • Figure 18: Global: Automotive Lightweight Materials (Plastic) Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 19: Global: Automotive Lightweight Materials (Elastomer) Market: Sales Value (in Billion US$), 2018 & 2023
  • Figure 20: Global: Automotive Lightweight Materials (Elastomer) Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 21: Global: Automotive Lightweight Materials (IC Engine Powered) Market: Sales Value (in Billion US$), 2018 & 2023
  • Figure 22: Global: Automotive Lightweight Materials (IC Engine Powered) Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 23: Global: Automotive Lightweight Materials (Electric Powered) Market: Sales Value (in Billion US$), 2018 & 2023
  • Figure 24: Global: Automotive Lightweight Materials (Electric Powered) Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 25: Global: Automotive Lightweight Materials (Other Propulsion Types) Market: Sales Value (in Billion US$), 2018 & 2023
  • Figure 26: Global: Automotive Lightweight Materials (Other Propulsion Types) Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 27: Global: Automotive Lightweight Materials (Frame) Market: Sales Value (in Billion US$), 2018 & 2023
  • Figure 28: Global: Automotive Lightweight Materials (Frame) Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 29: Global: Automotive Lightweight Materials (Wheel) Market: Sales Value (in Billion US$), 2018 & 2023
  • Figure 30: Global: Automotive Lightweight Materials (Wheel) Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 31: Global: Automotive Lightweight Materials (Bumper) Market: Sales Value (in Billion US$), 2018 & 2023
  • Figure 32: Global: Automotive Lightweight Materials (Bumper) Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 33: Global: Automotive Lightweight Materials (Door and Seat) Market: Sales Value (in Billion US$), 2018 & 2023
  • Figure 34: Global: Automotive Lightweight Materials (Door and Seat) Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 35: Global: Automotive Lightweight Materials (Instrument Panel) Market: Sales Value (in Billion US$), 2018 & 2023
  • Figure 36: Global: Automotive Lightweight Materials (Instrument Panel) Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 37: Global: Automotive Lightweight Materials (Other Components) Market: Sales Value (in Billion US$), 2018 & 2023
  • Figure 38: Global: Automotive Lightweight Materials (Other Components) Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 39: Global: Automotive Lightweight Materials (Structural) Market: Sales Value (in Billion US$), 2018 & 2023
  • Figure 40: Global: Automotive Lightweight Materials (Structural) Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 41: Global: Automotive Lightweight Materials (Interior) Market: Sales Value (in Billion US$), 2018 & 2023
  • Figure 42: Global: Automotive Lightweight Materials (Interior) Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 43: Global: Automotive Lightweight Materials (Exterior) Market: Sales Value (in Billion US$), 2018 & 2023
  • Figure 44: Global: Automotive Lightweight Materials (Exterior) Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 45: Global: Automotive Lightweight Materials (Powertrain) Market: Sales Value (in Billion US$), 2018 & 2023
  • Figure 46: Global: Automotive Lightweight Materials (Powertrain) Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 47: Global: Automotive Lightweight Materials (Other Applications) Market: Sales Value (in Billion US$), 2018 & 2023
  • Figure 48: Global: Automotive Lightweight Materials (Other Applications) Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 49: Global: Automotive Lightweight Materials (Passenger Vehicle) Market: Sales Value (in Billion US$), 2018 & 2023
  • Figure 50: Global: Automotive Lightweight Materials (Passenger Vehicle) Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 51: Global: Automotive Lightweight Materials (Light Commercial Vehicle) Market: Sales Value (in Billion US$), 2018 & 2023
  • Figure 52: Global: Automotive Lightweight Materials (Light Commercial Vehicle) Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 53: Global: Automotive Lightweight Materials (Heavy Commercial Vehicle) Market: Sales Value (in Billion US$), 2018 & 2023
  • Figure 54: Global: Automotive Lightweight Materials (Heavy Commercial Vehicle) Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 55: North America: Automotive Lightweight Materials Market: Sales Value (in Billion US$), 2018 & 2023
  • Figure 56: North America: Automotive Lightweight Materials Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 57: Europe: Automotive Lightweight Materials Market: Sales Value (in Billion US$), 2018 & 2023
  • Figure 58: Europe: Automotive Lightweight Materials Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 59: Asia Pacific: Automotive Lightweight Materials Market: Sales Value (in Billion US$), 2018 & 2023
  • Figure 60: Asia Pacific: Automotive Lightweight Materials Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 61: Middle East and Africa: Automotive Lightweight Materials Market: Sales Value (in Billion US$), 2018 & 2023
  • Figure 62: Middle East and Africa: Automotive Lightweight Materials Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 63: Latin America: Automotive Lightweight Materials Market: Sales Value (in Billion US$), 2018 & 2023
  • Figure 64: Latin America: Automotive Lightweight Materials Market Forecast: Sales Value (in Billion US$), 2024-2032

List of Tables

  • Table 1: Global: Automotive Lightweight Materials Market: Key Industry Highlights, 2023 and 2032
  • Table 2: Global: Automotive Lightweight Materials Market Forecast: Breakup by Material Type (in Billion US$), 2024-2032
  • Table 3: Global: Automotive Lightweight Materials Market Forecast: Breakup by Propulsion Type (in Billion US$), 2024-2032
  • Table 4: Global: Automotive Lightweight Materials Market Forecast: Breakup by Component (in Billion US$), 2024-2032
  • Table 5: Global: Automotive Lightweight Materials Market Forecast: Breakup by Application (in Billion US$), 2024-2032
  • Table 6: Global: Automotive Lightweight Materials Market Forecast: Breakup by Vehicle Type (in Billion US$), 2024-2032
  • Table 7: Global: Automotive Lightweight Materials Market Forecast: Breakup by Region (in Billion US$), 2024-2032
  • Table 8: Global: Automotive Lightweight Materials Market: Competitive Structure
  • Table 9: Global: Automotive Lightweight Materials Market: Key Players
目次
Product Code: SR112024A1536

The global automotive lightweight materials market size reached US$ 79.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 145.4 Billion by 2032, exhibiting a growth rate (CAGR) of 6.7% during 2024-2032. The imposition of strict government regulations, rising adoption of electric vehicles (EVs), changing consumer preferences, ongoing research and development (R&D) in material science, growing emphasis on sustainability, and recent advancements in manufacturing techniques are some of the major factors propelling the market.

Automotive lightweight materials refer to specialized materials employed in vehicle manufacturing to reduce overall weight while maintaining or enhancing performance. It includes high-strength steel, aluminum, magnesium, and composite materials, such as carbon fiber. They are widely used in vehicle body structures, powertrains, suspensions, braking systems, interiors, wheels, and tires. Automotive lightweight materials aid in improving fuel efficiency, reducing carbon dioxide emissions, augmenting braking performance, and increasing payload capacity. They also allow greater design flexibility, offer a high strength-to-weight ratio, contribute to vehicle longevity, and reduce wear and tear on other vehicle components.

The ongoing research and development (R&D) in the material science field to create new, more efficient, and cost-effective lightweight materials is boosting the market growth. Furthermore, the growing emphasis on sustainability is facilitating product demand to reduce vehicle emissions and the overall carbon footprint. Additionally, the increasing utilization of lightweight materials by automotive manufacturers to differentiate their products and gain a competitive edge is fueling the market growth. Besides this, the widespread product application in enhancing vehicle safety features is acting as another growth-inducing factor. Moreover, the recent advancements in manufacturing techniques, which have made it easier and more cost-effective to integrate lightweight materials into mass-produced vehicles, are supporting the market growth. Along with this, the heightened awareness among the masses regarding product benefits in promoting sustainability, which is favoring the market growth.

Automotive Lightweight Materials Market Trends/Drivers:

The imposition of strict government regulations

The implementation of stricter emissions and fuel-efficiency standards by governments to combat climate change and reduce air pollution is driving the market growth. These regulations are prompting automakers to take proactive measures and utilize lightweight materials to meet regulatory demand. These lightweight materials aid in reducing the overall weight of the vehicle without compromising the structural integrity and durability, which enhances fuel efficiency and lowers greenhouse gas (GHG) emissions. Moreover, compliance with such regulations not only allows companies to avoid hefty fines but also positions them as responsible and forward-thinking enterprises in the market. Apart from this, the imposition of well-defined corporate fuel economy standards by several governments, necessitating the adoption of lightweight materials in corporate fleets, is supporting the market growth.

The rising adoption of electric vehicles (EVs)

The electric vehicle (EV) market is experiencing rapid growth, owing to the shifting consumer preferences towards more sustainable means of transport. In line with this, lightweight materials are widely used in the manufacturing of chassis, panels, interior components, and other structural parts of EVs as they significantly enhance energy efficiency, improve vehicle safety, and extend range on a single charge. Furthermore, the widespread product adoption in thermal management systems of EVs to dissipate heat and ensure optimal performance is supporting the market growth. Additionally, the growing utilization of lightweight materials by automakers in key areas, such as the body, interior, and suspension, to make EVs more durable, strong, and appealing to consumers is positively influencing the market growth.

The changing consumer preferences

The growing consumer expectations for improved vehicle performance, safety, and fuel efficiency are positively influencing the market growth. Lightweight materials directly contribute to these attributes by improving handling, reducing fuel consumption, increasing structural durability, and enabling the incorporation of more advanced safety features, such as regenerative braking. In addition, the widespread adoption of these materials by automotive manufacturers to meet consumer demands and gain competitive advantage is acting as another growth-inducing factor. Besides this, automakers are keenly aware that consumers are well-informed and prioritize both environmental sustainability and operational efficiency. As a result, the utilization of lightweight materials in automotive manufacturing serves as a strategic tool for automakers to align their product offerings with consumer preferences and increase profitability.

Automotive Lightweight Materials Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global automotive lightweight materials market report, along with forecasts at the global and regional levels for 2024-2032. Our report has categorized the market based on material type, propulsion type, component, application, and vehicle type.

Breakup by Material Type:

Metal

High Strength Steel (HSS)

Aluminum

Magnesium & Titanium

Composite

Carbon Fiber Reinforced Polymer (CFPR)

Glass Fiber Reinforced Polymer (GFRP)

Natural Fiber Reinforced Polymer (NFRP)

Other Composites

Plastic

Elastomer

Metal dominates the market

The report has provided a detailed breakup and analysis of the market based on material type. This includes metal (high strength steel (HSS), aluminum, and magnesium & titanium), composite (carbon fiber reinforced polymer (CFRP), glass fiber reinforced polymer (GFRP), natural fiber reinforced polymer (NFRP), and other composites), plastic, and elastomer. According to the report, metal represented the largest segment.

Metals dominate the market as they offer an excellent strength-to-weight ratio, providing both lightweight and structural integrity. Furthermore, they are highly cost-effective, making them attractive for mass-produced vehicles. Additionally, metals have a long history of successful application in the automotive industry, which provides a level of comfort and trust among manufacturers and consumers alike. Apart from this, they are highly recyclable, aligning well with increasing sustainability goals within the automotive sector. In addition, the versatile nature of metals, which enables their utilization in a variety of automotive applications, from body frames to engine components, is contributing to the market growth.

Breakup by Propulsion Type:

IC Engine Powered

Electric Powered

Others

IC engine powered hold the largest share in the market

A detailed breakup and analysis of the market based on propulsion type has also been provided in the report. This includes IC engine powered, electric powered, and others. According to the report, IC engine powered represented the largest segment.

IC engine powered vehicles are dominating the market as they constitute a large percentage of the global automotive fleet, leading to a high demand for lightweight materials tailored for these types of engines. Furthermore, the widespread adoption of lightweight materials in IC vehicles to enhance fuel efficiency is favoring the market growth. Additionally, the imposition of strict emissions regulations, pushing automakers to reduce the weight of IC vehicles to meet environmental standards, is acting as another growth-inducing factor. Moreover, IC engine powered vehicles are more affordable than electric or hybrid counterparts, making them more accessible to consumers and subsequently driving the demand for lightweight materials.

Breakup by Component:

Frame

Wheel

Bumper

Door and Seat

Instrument Panel

Others

A detailed breakup and analysis of the market based on component has also been provided in the report. This includes frame, wheel, bumper, door and seat, instrument panel, and others.

The frame is the backbone of a vehicle, providing the structural integrity required for both safety and performance. Its importance makes it a prime target for weight reduction through lightweight materials. Furthermore, its design offers flexibility in using different types of lightweight materials, allowing manufacturers to make strategic choices based on other components. Additionally, the lighter frames contribute to better vehicle dynamics and handling, features that are highly valued by consumers.

Wheels contribute significantly to overall fuel economy, making them a primary target for weight reduction. Furthermore, lightweight materials used in wheels improve vehicle handling by reducing rotational inertia, allowing for quicker acceleration and more responsive steering. Moreover, lighter wheels can reduce stopping distances, thus improving overall vehicle safety, a critical aspect that drives their adoption in the automotive industry.

Breakup by Application:

Structural

Interior

Exterior

Powertrain

Others

A detailed breakup and analysis of the market based on application has also been provided in the report. This includes structural, interior, exterior, powertrain, and others.

Structural components, such as chassis, body panels, and frames typically make up the largest proportion of a vehicle's weight. Therefore, using lightweight materials in these areas offers the most significant potential for overall weight reduction. Furthermore, lightweight structural components improve vehicle dynamics, including acceleration, braking, and handling, thereby meeting consumer demand for better-performing vehicles.

The interior accounts for a considerable portion of a vehicle's overall weight, providing a significant opportunity for weight reduction. Lightweight materials used in the interior can improve overall ride comfort and driving experience. Furthermore, weight reduction in the interior contributes substantially to fuel efficiency, a key metric that consumers and regulators scrutinize.

Breakup by Vehicle Type:

Passenger Vehicle

Light Commercial Vehicle (LCV)

Heavy Commercial Vehicle (HCV)

Passenger vehicle holds the largest share in the market

A detailed breakup and analysis of the market based on vehicle type has also been provided in the report. This includes passenger vehicle, light commercial vehicle (LCV), and heavy commercial vehicle (HCV). According to the report, passenger vehicle accounted for the largest market share.

Passenger vehicles are dominating the market owing to their sheer number being manufactured and sold, leading to greater consumption of lightweight materials. Furthermore, the changing consumer preference for more fuel-efficient and better-performing cars, which directly influences automakers to use lightweight materials in passenger vehicles is contributing to the market growth. Additionally, the imposition of strict regulations concerning fuel efficiency and emissions is facilitating the adoption of lightweight materials in passenger cars. Moreover, the falling costs of lightweight materials, which is making it more economically viable to incorporate them into passenger vehicles, is positively influencing the market growth.

Breakup by Region:

North America

Europe

Asia Pacific

Middle East and Africa

Latin America

Europe exhibits a clear dominance, accounting for the largest automotive lightweight materials market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. According to the report, Europe accounted for the largest market share.

Europe has some of the most rigorous vehicle emission standards, which is encouraging automakers to adopt lightweight materials for better fuel efficiency and lower carbon dioxide emissions. Furthermore, the region hosts several leading automakers that are at the forefront of automotive innovation, including lightweight materials. Additionally, the escalating environmental consciousness among European consumers, which is facilitating the demand for vehicles that are both fuel-efficient and eco-friendly, is contributing to the market growth. Besides this, the widespread adoption of hybrid and electric vehicles (EVs) in Europe, which require lightweight materials to increase efficiency and range, is supporting the market growth. Moreover, the region is a hub for technological advancements in material sciences, including the development of advanced high-strength steels, aluminum alloys, and composite materials suited for automotive applications.

Competitive Landscape:

Leading players are engaging in strategic collaborations and acquisitions to diversify product offerings and expand technological capabilities. Additionally, top companies are focusing on emerging markets, taking advantage of rising automotive sales and laxer regulations to grow their customer base. Besides this, they are expanding their range of materials, from advanced high-strength steels to carbon fiber composites, to meet expanding automotive needs. In addition, major players are offering customizable solutions to automakers that cater to specific vehicle models and applications. Moreover, they are focusing on creating sustainable and recyclable lightweight materials to address growing environmental concerns. Along with this, several companies are actively engaging with customers through various channels, including industry expos, webinars, and technical seminars, to showcase their innovations and receive feedback.

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

BASF SE

Magna International

Toray Industries

Covestro AG

ArcelorMittal

thyssenkrupp AG

Alcoa Corporation

Bayer AG

Saudi Arabia Basic Industries Corporation (SABIC)

PPG Industries

LyondellBasell

Novelis

Owens Corning Corporation

Grupo Antolin

Recent Developments:

In October 2022, LyondellBasell developed a polypropylene (PP) compound that can reduce the weight of the vehicle by 10kg.

In May 2022, BASF SE developed Ultradur B43335G3 HR HSP, a saturated polyester, to protect sensitive electronic devices onboard vehicles.

In June 2021, Covestro AG developed a new composite called continuous fiber-reinforced thermoplastic polymer (CFRTP), which is lightweight and robust in structure.

Key Questions Answered in This Report

  • 1. What was the size of the global automotive lightweight materials market in 2023?
  • 2. What is the expected growth rate of the global automotive lightweight materials market during 2024-2032?
  • 3. What has been the impact of COVID-19 on the global automotive lightweight materials market?
  • 4. What are the key factors driving the global automotive lightweight materials market?
  • 5. What is the breakup of the global automotive lightweight materials market based on the material type?
  • 6. What is the breakup of the global automotive lightweight materials market based on propulsion type?
  • 7. What is the breakup of the global automotive lightweight materials market based on the application?
  • 8. What is the breakup of the global automotive lightweight materials market based on the vehicle type?
  • 9. What are the key regions in the global automotive lightweight materials market?
  • 10. Who are the key players/companies in the global automotive lightweight materials market?

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Automotive Lightweight Materials Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Breakup by Material Type
  • 5.5 Market Breakup by Propulsion Type
  • 5.6 Market Breakup by Component
  • 5.7 Market Breakup by Application
  • 5.8 Market Breakup by Vehicle Type
  • 5.9 Market Breakup by Region
  • 5.10 Market Forecast

6 Market Breakup by Material Type

  • 6.1 Metal
    • 6.1.1 Market Trends
    • 6.1.2 Market Breakup by Type
      • 6.1.2.1 High Strength Steel (HSS)
      • 6.1.2.2 Aluminum
      • 6.1.2.3 Magnesium and Titanium
    • 6.1.3 Market Forecast
  • 6.2 Composite
    • 6.2.1 Market Trends
    • 6.2.2 Market Breakup by Type
      • 6.2.2.1 Carbon Fiber Reinforced Polymer (CFPR)
      • 6.2.2.2 Glass Fiber Reinforced Polymer (GFRP)
      • 6.2.2.3 Natural Fiber Reinforced Polymer (NFRP)
      • 6.2.2.4 Others
    • 6.2.3 Market Forecast
  • 6.3 Plastic
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast
  • 6.4 Elastomer
    • 6.4.1 Market Trends
    • 6.4.2 Market Forecast

7 Market Breakup by Propulsion Type

  • 7.1 IC Engine Powered
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Electric Powered
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Others
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast

8 Market Breakup by Component

  • 8.1 Frame
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Wheel
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Bumper
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast
  • 8.4 Door and Seat
    • 8.4.1 Market Trends
    • 8.4.2 Market Forecast
  • 8.5 Instrument Panel
    • 8.5.1 Market Trends
    • 8.5.2 Market Forecast
  • 8.6 Others
    • 8.6.1 Market Trends
    • 8.6.2 Market Forecast

9 Market Breakup by Application

  • 9.1 Structural
    • 9.1.1 Market Trends
    • 9.1.2 Market Forecast
  • 9.2 Interior
    • 9.2.1 Market Trends
    • 9.2.2 Market Forecast
  • 9.3 Exterior
    • 9.3.1 Market Trends
    • 9.3.2 Market Forecast
  • 9.4 Powertrain
    • 9.4.1 Market Trends
    • 9.4.2 Market Forecast
  • 9.5 Others
    • 9.5.1 Market Trends
    • 9.5.2 Market Forecast

10 Market Breakup by Vehicle Type

  • 10.1 Passenger Vehicle
    • 10.1.1 Market Trends
    • 10.1.2 Market Forecast
  • 10.2 Light Commercial Vehicle (LCVs)
    • 10.2.1 Market Trends
    • 10.2.2 Market Forecast
  • 10.3 Heavy Commercial Vehicle (HCVs)
    • 10.3.1 Market Trends
    • 10.3.2 Market Forecast

11 Market Breakup by Region

  • 11.1 North America
    • 11.1.1 Market Trends
    • 11.1.2 Market Forecast
  • 11.2 Europe
    • 11.2.1 Market Trends
    • 11.2.2 Market Forecast
  • 11.3 Asia Pacific
    • 11.3.1 Market Trends
    • 11.3.2 Market Forecast
  • 11.4 Middle East and Africa
    • 11.4.1 Market Trends
    • 11.4.2 Market Forecast
  • 11.5 Latin America
    • 11.5.1 Market Trends
    • 11.5.2 Market Forecast

12 SWOT Analysis

  • 12.1 Overview
  • 12.2 Strengths
  • 12.3 Weaknesses
  • 12.4 Opportunities
  • 12.5 Threats

13 Value Chain Analysis

14 Porter's Five Forces Analysis

  • 14.1 Overview
  • 14.2 Bargaining Power of Buyers
  • 14.3 Bargaining Power of Suppliers
  • 14.4 Degree of Competition
  • 14.5 Threat of New Entrants
  • 14.6 Threat of Substitutes

15 Price Analysis

16 Competitive Landscape

  • 16.1 Market Structure
  • 16.2 Key Players
  • 16.3 Profiles of Key Players
    • 16.3.1 BASF SE
    • 16.3.2 Magna International
    • 16.3.3 Toray Industries
    • 16.3.4 Covestro AG
    • 16.3.5 ArcelorMittal
    • 16.3.6 thyssenkrupp AG
    • 16.3.7 Alcoa Corporation
    • 16.3.8 Bayer AG
    • 16.3.9 Saudi Arabia Basic Industries Corporation (SABIC)
    • 16.3.10 PPG Industries
    • 16.3.11 LyondellBasell
    • 16.3.12 Novelis
    • 16.3.13 Owens Corning Corporation
    • 16.3.14 Grupo Antolin