Product Code: GVR-4-68039-050-4
Automotive Lightweight Material Market Growth & Trends:
The global automotive lightweight material market size is expected to reach USD 115.85 billion by 2030, registering a CAGR of 2.3% from 2025 to 2030, according to a new report by Grand View Research, Inc. A rise in demand for weight reduction in passenger cars and commercial vehicles to support fuel efficiency is expected to ascend the demand for lightweight materials over the forecast period.
These materials are widely available in different forms, like metal, composites, plastics, and elastomer, thus providing growth prospects for the market. Commercial availability of the above-stated materials in major regions across the globe, coupled with a wide presence of multinational vehicle manufacturers, is expected to support the market growth.
A rise in demand for passenger vehicles with enhanced fuel economy and stability on roads has increased the demand for lightweight materials. The introduction of electric vehicles in the passenger car and commercial vehicle segments is likely to offer growth opportunities for the market. Moreover, the growing demand for increasing the performance of the premium car segment is anticipated to support the demand for automotive lightweight materials.
In 2019, Europe emerged as the largest consumer of lightweight materials with the presence of a pool of players and car manufacturers in the region. Multinational players are engaged in the business of automotive lightweight materials on account of the wide scope in the upcoming electric vehicle segment.
Automotive Lightweight Material Market Report Highlights:
- In 2024, the body in the white application segment dominated the market with a share of 25.3% and is likely to grow at a moderate rate in the expected period. Increasing demand for the lightweight frame in the vehicle is likely to support the segment growth
- North America is expected to grow at the fastest CAGR of 2.7% during the forecast period. The North American automotive market is anticipated to witness technological introductions in the electric vehicle segment.
- Europe dominated the market and accounted for the largest revenue share of 35.7% in 2024. The presence of multinational carmakers, along with prominent suppliers of the said materials in the region, has surged the market growth.
- The introduction of electric vehicles by Tesla, Inc., which include passenger cars, specialty trucks, and large size trucks, is anticipated to influence other vehicle manufacturers, thus positively impacting the demand for lightweight materials.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources
- 1.3.4. Third-Party Perspectives
- 1.3.5. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. Automotive Lightweight Materials Market Variables, Trends & Scope
- 3.1. Parent Market Outlook
- 3.2. Automotive Lightweight Materials Market - Value Chain Analysis
- 3.2.1. Manufacturing Trends
- 3.2.2. Sales Channel Analysis
- 3.3. Technology Overview
- 3.4. Regulatory Framework
- 3.4.1. Analyst Perspective
- 3.5. Automotive Lightweight Materials Market - Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Opportunity Analysis
- 3.5.4. Industry Challenges
- 3.5.5. Industry Analysis - Porter's
- 3.5.5.1. Threat from New Entrant
- 3.5.5.2. Bargaining Power of Buyers
- 3.5.5.3. Competitive Rivalry
- 3.5.5.4. Threat of Substitutes
- 3.5.5.5. Bargaining Power of Suppliers
- 3.5.5.6. Substitute Material Analysis
- 3.5.6. PESTEL Analysis by SWOT
- 3.5.6.1. Political Landscape
- 3.5.6.2. Environmental Landscape
- 3.5.6.3. Social Landscape
- 3.5.6.4. Technology Landscape
- 3.5.6.5. Economic Landscape
- 3.5.6.6. Legal Landscape
- 3.5.6.7. Market Disruption Analysis
Chapter 4. Automotive Lightweight Materials Market: Material Estimates & Trend Analysis
- 4.1. Key Takeaways
- 4.2. Material Market Share Analysis, 2024 & 2030
- 4.3. Automotive Lightweight Materials Market Estimates & Forecast, By Material, 2018 - 2030 (Kilotons) (USD Million)
- 4.4. Metals
- 4.5. Composites
- 4.6. Plastics
- 4.7. Elastomers
Chapter 5. Automotive Lightweight Materials Market: Application Estimates & Trend Analysis
- 5.1. Key Takeaways
- 5.2. Application Market Share Analysis, 2024 & 2030
- 5.3. Automotive Lightweight Materials Market Estimates & Forecast, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 5.4. Body in White
- 5.5. Chassis and Suspension
- 5.6. Powertrain
- 5.7. Closures
- 5.8. Interiors
- 5.9. Others
Chapter 6. Automotive Lightweight Materials Market: End Use Estimates & Trend Analysis
- 6.1. Key Takeaways
- 6.2. End Use Market Share Analysis, 2024 & 2030
- 6.3. Automotive Lightweight Materials Market Estimates & Forecast, By End Use, 2018 - 2030 (Kilotons) (USD Million)
- 6.4. Metals Passenger Cars
- 6.5. LCVs
- 6.6. HCVs
Chapter 7. Automotive Lightweight Materials Market: Regional Estimates & Trend Analysis
- 7.1. Automotive Lightweight Materials Market: Regional Outlook
- 7.2. North America
- 7.2.1. North America automotive lightweight materials market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.2. U.S.
- 7.2.2.1. U.S. automotive lightweight materials market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.3. Canada
- 7.2.3.1. Canada automotive lightweight materials market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.4. Mexico
- 7.2.4.1. Mexico automotive lightweight materials market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3. Europe
- 7.3.1. Europe automotive lightweight materials market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.2. Germany
- 7.3.2.1. Germany automotive lightweight materials market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.3. UK
- 7.3.3.1. UK automotive lightweight materials market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.4. France
- 7.3.4.1. France automotive lightweight materials market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.5. Italy
- 7.3.5.1. Italy automotive lightweight materials market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific automotive lightweight materials market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.2. China
- 7.4.2.1. China automotive lightweight materials market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.3. Japan
- 7.4.3.1. Japan automotive lightweight materials market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.4. India
- 7.4.4.1. India automotive lightweight materials market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.5. Australia
- 7.4.5.1. Australia automotive lightweight materials market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.6. South Korea
- 7.4.6.1. South Korea automotive lightweight materials market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.5. Central & South America
- 7.5.1. Central & South America automotive lightweight materials market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.2. Brazil
- 7.5.2.1. Brazil automotive lightweight materials market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Middle East & Africa automotive lightweight materials market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.2. South Africa
- 7.6.2.1. South Africa automotive lightweight materials market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent developments & impact analysis, by key market participants
- 8.2. Vendor Landscape
- 8.3. Competition Categorization
- 8.4. Strategy Mapping
- 8.5. Company Listing
- 8.5.1. BASF
- 8.5.1.1. Company overview
- 8.5.1.2. Financial performance
- 8.5.1.3. Material benchmarking
- 8.5.1.4. Strategic initiatives
- 8.5.2. Toray Industries, Inc.
- 8.5.2.1. Company overview
- 8.5.2.2. Financial performance
- 8.5.2.3. Material benchmarking
- 8.5.2.4. Strategic initiatives
- 8.5.3. LyondellBasell
- 8.5.3.1. Company overview
- 8.5.3.2. Financial performance
- 8.5.3.3. Material benchmarking
- 8.5.3.4. Strategic initiatives
- 8.5.4. Novelis Inc.
- 8.5.4.1. Company overview
- 8.5.4.2. Financial performance
- 8.5.4.3. Material benchmarking
- 8.5.4.4. Strategic initiatives
- 8.5.5. ArcelorMittal
- 8.5.5.1. Company overview
- 8.5.5.2. Financial performance
- 8.5.5.3. Material benchmarking
- 8.5.5.4. Strategic initiatives
- 8.5.6. Alcoa Corporation
- 8.5.6.1. Company overview
- 8.5.6.2. Financial performance
- 8.5.6.3. Material benchmarking
- 8.5.6.4. Strategic initiatives
- 8.5.7. Owens Corning
- 8.5.7.1. Company overview
- 8.5.7.2. Financial performance
- 8.5.7.3. Material benchmarking
- 8.5.7.4. Strategic initiatives
- 8.5.8. Stratasys Ltd.
- 8.5.8.1. Company overview
- 8.5.8.2. Financial performance
- 8.5.8.3. Material benchmarking
- 8.5.8.4. Strategic initiatives
- 8.5.9. Tata Steel
- 8.5.9.1. Company overview
- 8.5.9.2. Financial performance
- 8.5.9.3. Material benchmarking
- 8.5.9.4. Strategic initiatives
- 8.5.10. POSCO
- 8.5.10.1. Company overview
- 8.5.10.2. Financial performance
- 8.5.10.3. Material benchmarking
- 8.5.10.4. Strategic initiatives