Global Automotive Lightweight Material Market Size & Outlook
Global automotive lightweight material market, 2018-2030 (US$M)
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Global automotive lightweight material market highlights
- The global automotive lightweight material market generated a revenue of USD 85,638.1 million in 2022 and is expected to reach USD 107,777.5 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 2.9% by 2030.
- In terms of segment, composites accounted for a revenue of USD 56,302.8 million in 2022.
- Plastics is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2022.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 85,638.1 million |
| Market revenue in 2030 | USD 107,777.5 million |
| Growth rate | 2.9% (CAGR from 2022 to 2030) |
| Largest segment | Composites |
| Fastest growing segment | Plastics |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Metals, Composites, Plastics, Elastomers |
Other key industry trends
- In terms of revenue, the North America accounted for 28.7% of the global automotive lightweight material market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Brazil is the fastest growing regional market and is projected to reach USD 3,157.3 million by 2030.
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Automotive Lightweight Material Market Scope
Automotive Lightweight Material Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Owens-Corning Inc | View profile | 18000 | One Owens Corning Parkway, Toledo, OH, United States, 43659 | https://www.owenscorning.com |
| Stratasys Ltd | View profile | 1980 | c/o Stratasys, Inc, 7665 Commerce Way, Eden Prairie, MN, United States, 55344 | https://www.stratasys.com |
| Novelis | View profile | 10001+ | Atlanta, Georgia, United States, North America | http://novelis.com |
| POSCO Holdings Inc ADR | View profile | 44501 | POSCO Center, 440 Teheran-ro, Gangnam-gu, Seoul, Korea, Republic of, 06194 | https://www.posco.co.kr |
| ArcelorMittal SA Depository Receipt | View profile | 126756 | 24-26, Boulevard d’Avranches, Luxembourg, Luxembourg, L-1160 | http://www.arcelormittal.com |
| Toray Industries Inc | View profile | 48682 | Nihonbashi Mitsui Tower 2-1-1, Nihonbashi Muromach, Chuo-ku, Tokyo, Japan, 103-8666 | http://www.toray.co.jp |
| Tata Steel Ltd GDR - 144A | View profile | 73496 | 24 Homi Mody Street, Bombay House, Fort, Mumbai, MH, India, 400 001 | https://www.tatasteel.com |
| LyondellBasell Industries NV Class A | View profile | 20000 | One Vine Street, 4th Floor, London, United Kingdom, W1J0AH | https://www.lyondellbasell.com |
| Alcon Inc | View profile | 25315 | Chemin de Blandonnet 8, Royce Bedward, Vernier, Geneva, Switzerland, 1214 | https://www.alcon.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
Global automotive lightweight material market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive lightweight material market will help companies and investors design strategic landscapes.
Composites was the largest segment with a revenue share of 65.75% in 2024. Horizon Databook has segmented the Global automotive lightweight material market based on metals, composites, plastics, elastomers covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Automotive Lightweight Material Product Outlook (Revenue, USD Million, 2018-2030)
- Plastics
- Composites
- Metals
- Elastomers
- Global Automotive Lightweight Material Application Outlook (Revenue, USD Million, 2018-2030)
- Chassis and Suspension
- Interiors
- Other Applications
- Body in White
- Powertrain
- Closures & Fenders
- Global Automotive Lightweight Material End Use Outlook (Revenue, USD Million, 2018-2030)
- Passenger Cars
- Light Commercial Vehicles (LCV)
- Heavy Commercial Vehicles (HCV)
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Our clientele includes a mix of automotive lightweight material market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global automotive lightweight material market , including forecasts for subscribers. This global databook contains high-level insights into Global automotive lightweight material market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global automotive lightweight material market size, by regions, 2018-2030 (US$M)
Top 10 countries: Automotive lightweight material market size, 2024 (US$M)
Global automotive lightweight material market share, by application, 2024 & 2030 (%, US$M)
Automotive lightweight material market: Opportunity assessment by country
Global automotive lightweight material market, by region, 2024 (US$M)
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