The Business Research Company’s report goes into great detail on the automotive lightweight materials market size and growth, automotive lightweight materials market regional analysis, automotive lightweight materials market competitive landscape, and other critical information needed to excel in the automotive lightweight materials industry.

Major players in the automotive lightweight materials market include BASF SE, Covestro AG, LyondellBasell Industries Holdings B.V, Toray Industries Inc, ArcelorMittal, ThyssenKrupp AG, Novelis Inc, Alcoa Corporation, Stratasys Ltd, Owens Corning, Tata Steel, and POSCO.

TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.

The global automotive lightweight materials market size is expected to grow from $86.92 billion in 2021 to $99.97 billion in 2022 at a compound annual growth rate (CAGR) of 15.0%. The global automotive lightweight material market size is expected to grow to $141.41 billion in 2026 at a CAGR of 9.1%.

Europe was the largest region in the automotive lightweight material market in 2021.

The automotive lightweight material market consists of sales of automotive lightweight materials by entities (organizations, sole traders, and partnerships) that are engaged in the production of different lightweight materials for the manufacturing of automotive components such as carbon fiber, aluminum, and magnesium among others. Automotive lightweight materials are used in vehicles to decrease weight, increase speed, and improve fuel economy. Due to advantages such as reduced material consumption, increased strength, low degradation risk, and improved handling, these lightweight materials are an excellent substitute for bulky conventional materials previously used to build vehicle frames.

The surge production of electric vehicles is expected to propel the growth of the automotive lightweight material market over the coming years.

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New product developments and compositions are gaining significant popularity in the automotive lightweight material market. Key players in the automotive lightweight materials market are focusing on developing new and innovative products to the market using lightweight materials such as carbon fiber, aluminum and replacing generic materials.

TBRC’s global automotive lightweight materials market report is segmented:
By Material Type: Metals, Composites, Plastics, Elastomer

By Vehicle Type: Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle

By Application: Body in White, Chassis and Suspension, Powertrain, Closures, Interiors, Others

By Geography: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

The Automotive Lightweight Materials Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides an overview of the automotive lightweight materials market globally and regionally, analyzes and forecasts market size, share, automotive lightweight materials market players, automotive lightweight materials market segments, leading competitor revenues, profiles and market shares.

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