DUBLIN, Jun 11, 2021--(BUSINESS WIRE)--The "Automotive Lightweight Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global automotive lightweight materials market exhibited moderate growth during 2015-2020. Looking forward, the global automotive lightweight materials market to grow at a CAGR of around 6% during 2021-2026.
Automotive lightweight materials are primarily used for replacing cast iron and conventional steel components in different types of vehicles such as electric, plug-in and hybrid electric vehicles. They are used in structural elements which enable vehicles to carry advanced safety devices, integrated electronic systems and emission control systems.
The usage of lightweight materials in automobiles offsets the weight of their power systems like electric motors and batteries while improving the efficiency and increasing their all-electric range. Some of the most popular lightweight materials used in the automotive industry include high-strength steel, aluminum alloys, polymer composites, carbon fiber, magnesium alloys, etc.
With rapid environmental degradation, automotive companies across the globe are developing lighter and functional materials for improving the fuel efficiency of vehicles.
The usage of lightweight materials enables manufacturers to improve vehicle efficiency, as a reduction in the weight of a car leads to significant improvement in fuel economy. Consequently, the increasing fuel prices are driving the demand for lighter vehicles.
Other than this, governments of various nations have also introduced vehicle weight reduction plans in response to the need for stringent environmental regulations.
Furthermore, there has been a rise in investments in R&D activities across the industry as several major players are aiming to lower the cost of these materials and increase their recyclability.
Key Questions Answered in This Report:
How has the global automotive lightweight materials market performed so far and how will it perform in the coming years?
What are the key regional markets in the global automotive lightweight materials industry?
What has been the impact of COVID-19 on the global automotive lightweight materials industry?
What is the breakup of the market based on the material type?
What is the breakup of the market based on the technology type?
What is the breakup of the market based on the component type?
What is the breakup of the market based on the application?
What is the breakup of the market based on the vehicle type?
What are the various stages in the value chain of the global automotive lightweight materials industry?
What are the key driving factors and challenges in the global automotive lightweight materials industry?
What is the structure of the global automotive lightweight materials industry and who are the key players?
What is the degree of competition in the global automotive lightweight materials industry?
The report has also analysed the competitive landscape of the market with some of the key players being
Saudi Arabia Basic Industries Corporation (SABIC)
Owens Corning Corporation
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
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
6 Market Breakup by Material Type
6.1.1 Market Trends
6.1.2 Market Breakup by Type
126.96.36.199 High Strength Steel (HSS)
188.8.131.52 Magnesium and Titanium
6.1.3 Market Forecast
6.2.1 Market Trends
6.2.2 Market Breakup by Type
184.108.40.206 Carbon Fiber Reinforced Polymer (CFPR)
220.127.116.11 Glass Fiber Reinforced Polymer (GFRP)
18.104.22.168 Natural Fiber Reinforced Polymer (NFRP)
6.2.3 Market Forecast
7 Market Breakup by Technology Type
7.1 Battery Electric Vehicle
7.2 Hybrid Electric Vehicle
7.3 Plug-In Hybrid Electric Vehicle
8 Market Breakup by Component
8.4 Door and Seat
8.5 Instrument Panel
9 Market Breakup by Application
10 Market Breakup by Vehicle Type
10.1 Passenger Vehicles
10.2 Light Commercial Vehicles (LCVs)
10.3 Heavy Commercial Vehicles (HCVs)
11 Market Breakup by Region
12 SWOT Analysis
13 Value Chain Analysis
14 Porter's Five Forces Analysis
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/w17xg
View source version on businesswire.com: https://www.businesswire.com/news/home/20210611005151/en/
Laura Wood, Senior Press Manager
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