Table of Content
1 INTRODUCTION 39
1.1 OBJECTIVES OF THE STUDY 39
1.2 MARKET DEFINITION 39
1.3 MARKET SCOPE 40
FIGURE 1 AUTOMOTIVE LIGHTWEIGHT MATERIAL: MARKET SEGMENTATION 40
1.3.1 YEARS CONSIDERED FOR THE STUDY 41
1.4 CURRENCY 41
TABLE 1 CURRENCY EXCHANGE RATES (W.R.T. USD) 41
1.5 PACKAGE SIZE 42
1.6 LIMITATIONS 42
1.7 STAKEHOLDERS 42
2 RESEARCH METHODOLOGY 43
2.1 RESEARCH DATA 43
FIGURE 2 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET: RESEARCH DESIGN 43
FIGURE 3 RESEARCH METHODOLOGY MODEL 44
2.1.1 SECONDARY DATA 45
2.1.1.1 Key secondary sources for automotive lightweight materials 45
2.1.1.2 Key data from secondary sources 46
2.1.2 PRIMARY DATA 46
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS 47
2.1.2.1 Sampling techniques & data collection methods 47
2.1.2.2 Primary participants 47
2.2 MARKET SIZE ESTIMATION 48
2.2.1 BOTTOM-UP APPROACH 48
FIGURE 5 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET: BOTTOM-UP APPROACH 48
2.2.2 TOP-DOWN APPROACH 49
FIGURE 6 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET: TOP-DOWN APPROACH 49
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 50
2.4 ASSUMPTIONS 51
3 EXECUTIVE SUMMARY 52
3.1 PRE- & POST-COVID-19 SCENARIO 52
FIGURE 7 PRE- & POST-COVID-19 SCENARIO: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, 2017–2025 (USD BILLION) 52
3.2 AUTOMOTIVE LIGHTWEIGHT MATERIAL: MARKET OUTLOOK 54
FIGURE 8 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION,
2020 & 2025 (USD BILLION) 54
4 PREMIUM INSIGHTS 56
4.1 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET TREND, FORECAST & OPPORTUNITY 56
FIGURE 9 RISING TREND OF VEHICLE ELECTRIFICATION OFFER ATTRACTIVE OPPORTUNITIES FOR AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET 56
4.2 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION 56
FIGURE 10 EUROPE TO DOMINATE THE AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET DURING THE FORECAST PERIOD 56
4.3 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE 57
FIGURE 11 METAL HOLDS THE LARGEST SHARE IN THE AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET IN 2020 57
4.4 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY APPLICATION 57
FIGURE 12 BODY IN WHITE HOLDS THE LARGEST SHARE IN THE AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET IN 2020 57
4.5 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY COMPONENT 58
FIGURE 13 FRAMES HOLDS THE LARGEST SHARE IN THE AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET IN 2020 58
4.6 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY ELECTRIC & HYBRID VEHICLE 58
FIGURE 14 HEV HOLDS THE LARGEST SHARE IN THE LIGHTWEIGHT MATERIAL MARKET
IN 2020 58
4.7 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY VEHICLE TYPE 59
FIGURE 15 PASSENGER CAR HOLDS THE LARGEST SHARE IN THE AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET IN 2020 59
4.8 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY EV MATERIAL TYPE 59
FIGURE 16 METALS HOLDS THE LARGEST SHARE IN 2020 59
5 MARKET OVERVIEW 60
5.1 INTRODUCTION 60
5.2 MARKET DYNAMICS 61
FIGURE 17 AUTOMOTIVE LIGHTWEIGHT MATERIAL: MARKET DYNAMICS 61
5.2.1 DRIVERS 61
5.2.1.1 Stringent emission and fuel economy regulations 61
FIGURE 18 GLOBAL EMISSION REGULATIONS, BY COUNTRY, 2014–2025 62
5.2.1.2 Growing government initiatives for weight reduction 62
5.2.2 RESTRAINTS 62
5.2.2.1 High cost (material cost and process cost) 62
5.2.2.1.1 High material cost 62
TABLE 2 COMPARISON OF AUTOMOTIVE LIGHTWEIGHT MATERIAL VS. CONVENTIONAL MATERIAL PRICING 63
5.2.2.1.2 High process cost 63
5.2.2.1.3 Price sensitive nature of developing regions 63
5.2.2.2 Opportunities 64
5.2.2.2.1 Upward trend of vehicle electrification 64
FIGURE 19 GLOBAL ELECTRIC VEHICLES SALES, 2018–2025 (‘000 UNITS) 64
5.2.2.2.2 Future potential market in Asia Oceania 64
5.2.2.3 Challenges 65
5.2.2.3.1 Maintenance of lightweight material 65
5.3 INDUSTRY TRENDS AND TARGETS 65
5.3.1 LIGHT DUTY VEHICLES IMPACT THE LIGHTWEIGHT MATERIAL INDUSTRY 65
TABLE 3 WEIGHT REDUCTION GOALS FOR LIGHT DUTY VEHICLES 65
TABLE 4 FUTURE WEIGHT REDUCTION TARGETS, BY COMPONENT, 2025 VS. 2050 66
5.3.2 TECHNOLOGICAL ROUTES FOR THE APPLICATION OF LIGHTWEIGHT MATERIALS: US 67
6 COVID-19 IMPACT ANALYSIS 68
6.1 COVID-19 IMPACT ANALYSIS ON AUTOMOTIVE MARKET 68
TABLE 5 EUROPE: LOSS IN VEHICLE PRODUCTION DUE TO PLANT SHUTDOWNS,
BY COUNTRY, (UNITS) 68
FIGURE 20 AUTOMOTIVE PRODUCTION: PRE- VS. POST-COVID-19 SCENARIO,
2018–2025 (‘000 UNITS) 69
TABLE 6 AUTOMOTIVE PRODUCTION: PRE- VS. POST-COVID-19 SCENARIO,
2018–2025 (‘000 UNITS) 69
6.2 COVID-19 IMPACT ANALYSIS ON AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET 70
6.2.1 AUTOMOTIVE LIGHTWEIGHT MATERIAL SCENARIO ANALYSIS 71
FIGURE 21 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET SCENARIO,
2017-2025 (USD BILLION) 71
6.2.1.1 Realistic scenario 71
TABLE 7 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET (REALISTIC SCENARIO),
BY REGION, 2017–2025 (USD BILLION) 71
6.2.1.2 Low impact scenario 72
TABLE 8 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET (LOW IMPACT SCENARIO),
BY REGION, 2017–2025 (USD BILLION) 72
6.2.1.3 High impact scenario 72
TABLE 9 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET (HIGH IMPACT SCENARIO),
BY REGION, 2017–2025 (BILLION USD) 72
7 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE 73
Note – The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Pacific, Europe, North America and RoW
7.1 INTRODUCTION 74
7.1.1 RESEARCH METHODOLOGY 74
7.1.2 ASSUMPTIONS/LIMITATIONS 74
7.1.3 INDUSTRY INSIGHTS 74
FIGURE 22 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2020 VS. 2025 (USD BILLION) 75
TABLE 10 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2017–2019 (TMT) 75
TABLE 11 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2017–2019 (USD BILLION) 75
TABLE 12 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2020–2025 (TMT) 76
TABLE 13 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2020–2025 (USD BILLION) 76
7.2 METAL 77
TABLE 14 LIGHTWEIGHT METAL MARKET, BY TYPE, 2017–2019 (TMT) 77
TABLE 15 LIGHTWEIGHT METAL MARKET, BY TYPE, 2017-2019 (USD BILLION) 77
TABLE 16 LIGHTWEIGHT METAL MARKET, BY TYPE, 2020–2025 (TMT) 78
TABLE 17 LIGHTWEIGHT METAL MARKET, BY TYPE, 2020-2025 (USD BILLION) 78
7.2.1 HIGH STRENGTH STEEL (HSS) 78
TABLE 18 HSS MARKET, BY REGION, 2017–2019 (TMT) 78
TABLE 19 HSS MARKET, BY REGION, 2017–2019 (USD BILLION) 79
TABLE 20 HSS MARKET, BY REGION, 2020–2025 (TMT) 79
TABLE 21 HSS MARKET, BY REGION, 2020–2025 (USD BILLION) 79
7.2.2 ALUMINUM 80
TABLE 22 ALUMINUM MARKET, BY REGION, 2017–2019 (TMT) 80
TABLE 23 ALUMINUM MARKET, BY REGION, 2017–2019 (USD BILLION) 80
TABLE 24 ALUMINUM MARKET, BY REGION, 2020–2025 (TMT) 80
TABLE 25 ALUMINUM MARKET, BY REGION, 2020–2025 (USD BILLION) 81
7.2.3 MAGNESIUM & TITANIUM 81
TABLE 26 MAGNESIUM & TITANIUM MARKET, BY REGION, 2017–2019 (TMT) 81
TABLE 27 MAGNESIUM & TITANIUM MARKET, BY REGION, 2017–2019 (USD BILLION) 81
TABLE 28 MAGNESIUM & TITANIUM MARKET, BY REGION, 2020–2025 (TMT) 82
TABLE 29 MAGNESIUM & TITANIUM MARKET, BY REGION, 2020–2025 (USD BILLION) 82
7.3 COMPOSITE 83
TABLE 30 LIGHTWEIGHT COMPOSITES MARKET, BY TYPE, 2017–2019 (TMT) 83
TABLE 31 LIGHTWEIGHT COMPOSITES MARKET, BY TYPE, 2017–2019 (USD BILLION) 83
TABLE 32 LIGHTWEIGHT COMPOSITES MARKET, BY TYPE, 2020–2025 (TMT) 83
TABLE 33 LIGHTWEIGHT COMPOSITES MARKET, BY TYPE, 2020–2025 (USD BILLION) 84
7.3.1 CARBON FIBER REINFORCED POLYMERS (CFRP) 84
TABLE 34 CFRP MARKET, BY REGION, 2017–2019 (TMT) 84
TABLE 35 CFRP MARKET, BY REGION, 2017–2019 (USD BILLION) 84
TABLE 36 CFRP MARKET, BY REGION, 2020–2025 (TMT) 85
TABLE 37 CFRP MARKET, BY REGION, 2020–2025 (USD BILLION) 85
7.3.2 GLASS FIBER REINFORCED POLYMER (GFRP) 85
TABLE 38 GFRP MARKET, BY REGION, 2017–2019 (TMT) 85
TABLE 39 GFRP MARKET, BY REGION, 2017–2019 (USD BILLION) 86
TABLE 40 GFRP MARKET, BY REGION, 2020–2025 (TMT) 86
TABLE 41 GFRP MARKET, BY REGION, 2020–2025 (USD BILLION) 86
7.3.3 NATURAL FIBER REINFORCED POLYMER (NFRP) 87
TABLE 42 NFRP MARKET, BY REGION, 2017–2019 (TMT) 87
TABLE 43 NFRP MARKET, BY REGION, 2017–2019 (USD BILLION) 87
TABLE 44 NFRP MARKET, BY REGION, 2020–2025 (TMT) 87
TABLE 45 NFRP MARKET, BY REGION, 2020–2025 (USD BILLION) 88
7.3.4 OTHER COMPOSITES 88
TABLE 46 OTHER COMPOSITES MARKET, BY REGION, 2017–2019 (TMT) 88
TABLE 47 OTHER COMPOSITES MARKET, BY REGION, 2017–2019 (USD BILLION) 88
TABLE 48 OTHER COMPOSITES MARKET, BY REGION, 2020–2025 (TMT) 89
TABLE 49 OTHER COMPOSITES MARKET, BY REGION, 2020–2025 (USD BILLION) 89
7.4 PLASTIC 89
TABLE 50 PLASTIC MARKET, BY REGION, 2017–2019 (TMT) 89
TABLE 51 PLASTIC MARKET, BY REGION, 2017–2019 (USD BILLION) 90
TABLE 52 PLASTIC MARKET, BY REGION, 2020–2025 (TMT) 90
TABLE 53 PLASTIC MARKET, BY REGION, 2020–2025 (USD BILLION) 90
TABLE 54 PLASTIC MARKET, BY TYPE, 2017-2019 (TMT) 91
TABLE 55 PLASTIC MARKET, BY TYPE, 2017-2019 (USD BILLION) 91
TABLE 56 PLASTIC MARKET, BY TYPE, 2020-2025 (TMT) 91
TABLE 57 PLASTIC MARKET, BY TYPE, 2020-2025 (USD BILLION) 92
7.5 ELASTOMER 92
TABLE 58 ELASTOMER MARKET, BY REGION, 2017–2019 (TMT) 92
TABLE 59 ELASTOMER MARKET, BY REGION, 2017–2019 (USD BILLION) 92
TABLE 60 ELASTOMER MARKET, BY REGION, 2020–2025 (TMT) 93
TABLE 61 ELASTOMER MARKET, BY REGION, 2020–2025 (USD BILLION) 93
TABLE 62 ELASTOMER MARKET, BY TYPE, 2020–2025 (TMT) 93
TABLE 63 ELASTOMER MARKET, BY TYPE, 2020–2025 (USD BILLION) 94
8 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY APPLICATION 95
Note – The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Pacific, Europe, North America and RoW
8.1 INTRODUCTION 96
8.1.1 RESEARCH METHODOLOGY 96
8.1.2 ASSUMPTIONS/LIMITATIONS 96
8.1.3 INDUSTRY INSIGHTS 97
FIGURE 23 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY APPLICATION,
2020 & 2025 (USD BILLION) 97
TABLE 64 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY APPLICATION,
2017–2019 (TMT) 97
TABLE 65 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY APPLICATION,
2017–2019 (USD BILLION) 98
TABLE 66 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY APPLICATION,
2020–2025 (TMT) 98
TABLE 67 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY APPLICATION,
2020–2025 (USD BILLION) 98
8.2 BODY IN WHITE 99
8.2.1 EUROPE IS THE LARGEST MARKET FOR LIGHTWEIGHT MATERIAL IN BODY IN WHITE APPLICATION 99
TABLE 68 BODY IN WHITE: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (TMT) 99
TABLE 69 BODY IN WHITE: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (USD BILLION) 99
TABLE 70 BODY IN WHITE: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (TMT) 100
TABLE 71 BODY IN WHITE: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (USD BILLION) 100
8.3 CHASSIS AND SUSPENSION 100
8.3.1 EUROPE IS THE LARGEST MARKET FOR LIGHTWEIGHT MATERIAL FOR CHASSIS AND SUSPENSION APPLICATION 100
TABLE 72 CHASSIS AND SUSPENSION: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (TMT) 101
TABLE 73 CHASSIS AND SUSPENSION: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (USD BILLION) 101
TABLE 74 CHASSIS AND SUSPENSION: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (TMT) 101
TABLE 75 CHASSIS AND SUSPENSION: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (USD BILLION) 102
8.4 POWERTRAINS 102
8.4.1 ASIA OCEANIA IS THE FASTEST GROWING MARKET FOR LIGHTWEIGHT MATERIAL IN POWERTRAIN APPLICATION 102
TABLE 76 POWERTRAINS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (TMT) 102
TABLE 77 POWERTRAINS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (USD BILLION) 103
TABLE 78 POWERTRAINS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (TMT) 103
TABLE 79 POWERTRAINS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (USD BILLION) 103
8.5 CLOSURES 104
8.5.1 ASIA OCEANIA IS THE LARGEST MARKET FOR LIGHTWEIGHT MATERIAL IN CLOSURES APPLICATION 104
TABLE 80 CLOSURES: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (TMT) 104
TABLE 81 CLOSURES: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (USD BILLION) 104
TABLE 82 CLOSURES: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (TMT) 105
TABLE 83 CLOSURES: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (USD BILLION) 105
8.6 INTERIORS 105
8.6.1 ASIA OCEANIA IS THE FASTEST MARKET FOR LIGHTWEIGHT MATERIAL IN INTERIORS APPLICATION 105
TABLE 84 INTERIORS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (TMT) 106
TABLE 85 INTERIORS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (USD BILLION) 106
TABLE 86 INTERIORS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (TMT) 106
TABLE 87 INTERIORS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (USD BILLION) 107
8.7 OTHERS 107
8.7.1 NORTH AMERICA IS THE FASTEST GROWING MARKET FOR LIGHTWEIGHT MATERIAL FOR OTHER APPLICATIONS 107
TABLE 88 OTHERS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION,
2017–2019 (TMT) 107
TABLE 89 OTHERS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION,
2017–2019 (USD BILLION) 108
TABLE 90 OTHERS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION,
2020–2025 (TMT) 108
TABLE 91 OTHERS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION,
2020–2025 (USD BILLION) 108
9 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY COMPONENT 109
Note – The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Pacific, Europe, North America and RoW
9.1 INTRODUCTION 110
9.1.1 RESEARCH METHODOLOGY 110
9.1.2 INDUSTRY INSIGHTS 110
FIGURE 24 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY COMPONENT,
2020 & 2025 (USD BILLION) 111
TABLE 92 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY COMPONENT,
2017–2019 (TMT) 111
TABLE 93 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY COMPONENT,
2017–2019 (USD BILLION) 112
TABLE 94 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY COMPONENT,
2020–2025 (TMT) 112
TABLE 95 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY COMPONENT,
2020–2025 (USD BILLION) 113
9.2 FRAMES 113
9.2.1 NORTH AMERICA IS THE FASTEST-GROWING MARKET FOR LIGHTWEIGHT MATERIAL IN FRAMES AS THE CURRENT AVERAGE CURB WEIGHT OF VEHICLES IS HIGHER IN THIS REGION 113
TABLE 96 FRAMES: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION,
2017–2019 (TMT) 114
TABLE 97 FRAMES: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION,
2017–2019 (USD BILLION) 114
TABLE 98 FRAMES: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION,
2020–2025 (TMT) 114
TABLE 99 FRAME LIGHTWEIGHT MATERIAL MARKET, BY REGION,
2020–2025 (USD BILLION) 115
9.3 WHEELS 115
9.3.1 EUROPE IS THE LARGEST MARKET FOR LIGHTWEIGHT MATERIAL IN WHEELS AS THE USE OF LIGHTWEIGHT MATERIALS IS ON HIGHER SIDE IN EUROPE COMPARE TO OTHER REGIONS 115
TABLE 100 WHEELS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION,
2017–2019 (TMT) 115
TABLE 101 WHEELS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION,
2017–2019 (USD BILLION) 116
TABLE 102 WHEELS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION,
2020–2025 (TMT) 116
TABLE 103 WHEELS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION,
2020–2025 (USD BILLION) 116
9.4 BUMPERS & FENDERS 117
9.4.1 ASIA OCEANIA AND NORTH AMERICA ARE THE FASTEST-GROWING MARKETS FOR LIGHTWEIGHT MATERIAL IN BUMPER & FENDER 117
TABLE 104 BUMPERS & FENDERS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET,
BY REGION, 2017–2019 (TMT) 117
TABLE 105 BUMPERS & FENDERS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET,
BY REGION, 2017–2019 (USD BILLION) 117
TABLE 106 BUMPER & FENDER LIGHTWEIGHT MATERIAL MARKET, BY REGION,
2020–2025 (TMT) 118
TABLE 107 BUMPERS & FENDERS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET,
BY REGION, 2020–2025 (USD BILLION) 118
9.5 ENGINES & EXHAUSTS 118
9.5.1 EUROPE IS THE LARGEST MARKET FOR LIGHTWEIGHT MATERIAL IN ENGINE
& EXHAUST DUE TO THE EXTENSIVE EFFORTS ON ENGINE DOWNSIZING 118
TABLE 108 ENGINES & EXHAUSTS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET,
BY REGION, 2017–2019 (TMT) 119
TABLE 109 ENGINES & EXHAUSTS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET,
BY REGION, 2017–2019 (USD BILLION) 119
TABLE 110 ENGINES & EXHAUSTS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET,
BY REGION, 2020–2025 (TMT) 119
TABLE 111 ENGINES & EXHAUSTS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET,
BY REGION, 2020–2025 (USD BILLION) 120
9.6 TRANSMISSION 120
9.6.1 USE OF LIGHTWEIGHT MATERIAL FOR TRANSMISSION IN THE ROW REGION IS MORE COMPARED TO OTHER REGIONS 120
TABLE 112 TRANSMISSION: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (TMT) 120
TABLE 113 TRANSMISSION: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (USD BILLION) 121
TABLE 114 TRANSMISSION LIGHTWEIGHT MATERIAL MARKET, BY REGION,
2020–2025 (TMT) 121
TABLE 115 TRANSMISSION LIGHTWEIGHT MATERIAL MARKET, BY REGION,
2020–2025 (USD BILLION) 121
9.7 DOORS 122
9.7.1 EUROPE AND ASIA OCEANIA ARE THE LARGEST MARKETS FOR LIGHTWEIGHT MATERIAL IN DOORS 122
TABLE 116 DOORS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION,
2017–2019 (TMT) 122
TABLE 117 DOORS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION,
2017–2019 (USD BILLION) 122
TABLE 118 DOORS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION,
2020–2025 (TMT) 122
TABLE 119 DOORS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION,
2020–2025 (USD BILLION) 123
9.8 HOOD & TRUNK LID 123
9.8.1 ASIA OCEANIA IS THE FASTEST GROWING MARKET FOR LIGHTWEIGHT MATERIAL IN HOOD & TRUNK LID DUE TO INCREASE IN TREND FOR VEHICLE WEIGHT REDUCTION 123
TABLE 120 HOODS & TRUNKS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET,
BY REGION, 2017–2019 (TMT) 123
TABLE 121 HOOD & TRUNK: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (USD BILLION) 124
TABLE 122 HOODS & TRUNKS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET,
BY REGION, 2020–2025 (TMT) 124
TABLE 123 HOODS & TRUNKS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET,
BY REGION, 2020–2025 (USD BILLION) 124
9.9 SEATS 125
9.9.1 ASIA OCEANIA IS THE LARGEST MARKET FOR LIGHTWEIGHT MATERIAL
IN SEATS 125
TABLE 124 SEATS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION,
2017–2019 (TMT) 125
TABLE 125 SEATS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION,
2017–2019 (USD BILLION) 125
TABLE 126 SEATS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION,
2020–2025 (TMT) 125
TABLE 127 SEATS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION,
2020–2025 (USD BILLION) 126
9.10 INSTRUMENT PANEL 126
9.10.1 ASIA OCEANIA IS THE LARGEST MARKET FOR LIGHTWEIGHT MATERIAL
IN INSTRUMENT PANEL 126
TABLE 128 INSTRUMENT PANELS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET,
BY REGION, 2017–2019 (TMT) 126
TABLE 129 INSTRUMENT PANELS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET,
BY REGION, 2017–2019 (USD BILLION) 127
TABLE 130 INSTRUMENT PANELS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET,
BY REGION, 2020–2025 (TMT) 127
TABLE 131 INSTRUMENT PANELS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET,
BY REGION, 2020–2025 (USD BILLION) 127
9.11 FUEL TANKS 128
9.11.1 ASIA OCEANIA IS THE LARGEST MARKET FOR LIGHTWEIGHT MATERIAL
IN FUEL TANK 128
TABLE 132 FUEL TANKS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (TMT) 128
TABLE 133 FUEL TANKS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (USD BILLION) 128
TABLE 134 FUEL TANKS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (TMT) 128
TABLE 135 FUEL TANKS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (USD BILLION) 129
10 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY VEHICLE TYPE 130
Note – The Chapter is Further Segmented by Passenger Cars, Light commercial vehicles, and heavy commercial vehicles and Regional Level (Asia Pacific, Europe, North America and RoW)
10.1 INTRODUCTION 131
10.1.1 RESEARCH METHODOLOGY 131
10.1.2 ASSUMPTIONS/LIMITATIONS 131
10.1.3 INDUSTRY INSIGHTS 132
FIGURE 25 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY VEHICLE TYPE,
2020 & 2025 (USD BILLION) 132
TABLE 136 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY VEHICLE TYPE,
2017–2019 (TMT) 132
TABLE 137 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY VEHICLE TYPE,
2017–2019 (USD BILLION) 133
TABLE 138 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY VEHICLE TYPE,
2020–2025(TMT) 133
TABLE 139 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY VEHICLE TYPE,
2020–2025 (USD BILLION) 133
10.2 PASSENGER CARS 134
10.2.1 EUROPE IS THE LARGEST MARKET FOR LIGHTWEIGHT MATERIAL IN PASSENGER CAR 134
TABLE 140 PASSENGER CARS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET,
BY REGION, 2017–2019 (TMT) 134
TABLE 141 PASSENGER CARS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET,
BY REGION, 2017–2019 (USD BILLION) 134
TABLE 142 PASSENGER CARS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET,
BY REGION, 2020–2025 (TMT) 135
TABLE 143 PASSENGER CARS: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET,
BY REGION, 2017–2019 (USD BILLION) 135
10.3 LIGHT COMMERCIAL VEHICLES (LCV) 135
10.3.1 NORTH AMERICA IS THE FASTEST-GROWING MARKET FOR LIGHTWEIGHT MATERIAL IN LCV 135
TABLE 144 LCV LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (TMT) 136
TABLE 145 LCV: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION,
2017–2019 (USD BILLION) 136
TABLE 146 LCV: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION,
2020–2025 (TMT) 136
TABLE 147 LCV: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION,
2020–2025 (USD BILLION) 137
10.4 HEAVY COMMERCIAL VEHICLES (HCV) 137
10.4.1 ASIA OCEANIA IS THE LARGEST MARKET FOR LIGHTWEIGHT MATERIAL IN HCV 137
TABLE 148 HCV: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION,
2017-2019 (TMT) 137
TABLE 149 HCV: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION,
2017-2019 (USD BILLION) 138
TABLE 150 HCV: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION,
2020–2025 (TMT) 138
TABLE 151 HCV: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION,
2020–2025 (USD BILLION) 138
11 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY ELECTRIC &
HYBRID VEHICLE TYPE 139
Note – The Chapter is Further Segmented by BEV, HEV, PHEV, Electric Truck, Electric Bus and Regional Level (Asia Pacific, Europe, North America and RoW)
11.1 INTRODUCTION 140
11.1.1 RESEARCH METHODOLOGY 140
11.1.2 ASSUMPTIONS/LIMITATIONS 140
11.1.3 INDUSTRY INSIGHTS 141
FIGURE 26 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY ELECTRIC & HYBRID VEHICLE TYPE, 2020 VS. 2025 (USD BILLION) 141
TABLE 152 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY ELECTRIC & HYBRID VEHICLE TYPE, 2017–2019 (TMT) 141
TABLE 153 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY ELECTRIC & HYBRID VEHICLE TYPE, 2017–2019 (USD BILLION) 142
TABLE 154 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY ELECTRIC & HYBRID VEHICLE TYPE, 2020–2025 (TMT) 142
TABLE 155 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY ELECTRIC & HYBRID VEHICLE TYPE, 2020–2025 (USD BILLION) 142
11.2 BATTERY ELECTRIC VEHICLE 143
11.2.1 NORTH AMERICA IS THE LARGEST MARKET FOR LIGHTWEIGHT MATERIAL
IN BEV 143
TABLE 156 BEV LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (TMT) 143
TABLE 157 BEV LIGHTWEIGHT MATERIAL MARKET, BY REGION,
2017–2019 (USD BILLION) 143
TABLE 158 BEV LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (TMT) 144
TABLE 159 BEV LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (USD BILLION) 144
11.3 HYBRID ELECTRIC VEHICLE 144
11.3.1 NORTH AMERICA IS THE LARGEST MARKET FOR LIGHTWEIGHT MATERIAL
IN HEV 144
TABLE 160 HEV LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (TMT) 145
TABLE 161 HEV LIGHTWEIGHT MATERIAL MARKET, BY REGION,
2017–2019 (USD BILLION) 145
TABLE 162 HEV LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (TMT) 145
TABLE 163 HEV LIGHTWEIGHT MATERIAL MARKET, BY REGION,
2020–2025 (USD BILLION) 145
11.4 PLUG-IN HYBRID ELECTRIC VEHICLE 146
11.4.1 ASIA OCEANIA IS THE FASTEST GROWING MARKET FOR LIGHTWEIGHT MATERIAL IN PHEV 146
TABLE 164 PHEV LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2017–2019 (TMT) 146
TABLE 165 PHEV LIGHTWEIGHT MATERIAL MARKET, BY REGION,
2017–2019 (USD BILLION) 146
TABLE 166 PHEV LIGHTWEIGHT MATERIAL MARKET, BY REGION, 2020–2025 (TMT) 147
TABLE 167 PHEV LIGHTWEIGHT MATERIAL MARKET, BY REGION,
2020–2025 (USD BILLION) 147
11.5 ELECTRIC TRUCK 147
11.5.1 NORTH AMERICA IS THE LARGEST MARKET FOR LIGHTWEIGHT MATERIAL IN ELECTRIC TRUCK 147
TABLE 168 ELECTRIC TRUCK LIGHTWEIGHT MATERIAL MARKET, BY REGION,
2020–2025 (TMT) 148
TABLE 169 ELECTRIC TRUCK LIGHTWEIGHT MATERIAL MARKET, BY REGION,
2020–2025 (USD BILLION) 148
11.6 ELECTRIC BUS 148
11.6.1 ASIA OCEANIA IS THE LARGEST MARKET IN LIGHTWEIGHT MATERIAL FOR BUS DUE TO THE HIGHER SALE AND USAGE OF ELECTRIC BUS IN CHINA 148
TABLE 170 ELECTRIC BUS LIGHTWEIGHT MARKET, BY REGION, 2017–2019 (TMT) 148
TABLE 171 ELECTRIC BUS LIGHTWEIGHT MARKET, BY REGION,
2017–2019 (USD BILLION) 149
TABLE 172 ELECTRIC BUS LIGHTWEIGHT MATERIAL MARKET, BY REGION,
2020–2025 (TMT) 149
TABLE 173 ELECTRIC BUS LIGHTWEIGHT MATERIAL MARKET, BY REGION,
2020–2025 (USD BILLION) 149
12 ELECTRIC VEHICLE LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE 150
Note – The Chapter is Further Segmented by Metals, Plastics, Composites, Elastomer and Further Segmented by BEV, HEV, PHEV, Electric Truck, Electric Bus
12.1 INTRODUCTION 151
12.1.1 RESEARCH METHODOLOGY 151
12.1.2 INDUSTRY INSIGHTS 151
FIGURE 27 ELECTRIC VEHICLE LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2020 & 2025 (USD BILLION) 152
TABLE 174 ELECTRIC VEHICLE LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2017–2019 (TMT) 152
TABLE 175 ELECTRIC VEHICLE LIGHTWEIGHT MATERIAL, BY MATERIAL TYPE,
2017–2019 (USD BILLION) 152
TABLE 176 ELECTRIC VEHICLE LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2020–2025 (TMT) 153
TABLE 177 ELECTRIC VEHICLE LIGHTWEIGHT MATERIAL, BY MATERIAL TYPE,
2020–2025 (USD BILLION) 153
12.2 METALS 154
12.2.1 BEV IS THE LARGEST LIGHTWEIGHT MATERIAL MARKET FOR METALS 154
TABLE 178 ELECTRIC VEHICLE LIGHTWEIGHT METAL MARKET, BY VEHICLE TYPE,
2017–2019 (TMT) 154
TABLE 179 ELECTRIC VEHICLE LIGHTWEIGHT METAL MARKET, BY VEHICLE TYPE,
2017–2019 (USD BILLION) 154
TABLE 180 ELECTRIC VEHICLE LIGHTWEIGHT METAL MARKET, BY VEHICLE TYPE,
2020–2025 (TMT) 155
TABLE 181 ELECTRIC VEHICLE LIGHTWEIGHT METAL MARKET, BY VEHICLE TYPE,
2020–2025 (USD BILLION) 155
12.3 COMPOSITES 156
12.3.1 BEV IS THE LARGEST LIGHTWEIGHT MATERIAL MARKET FOR COMPOSITES 156
TABLE 182 ELECTRIC VEHICLE LIGHTWEIGHT COMPOSITES MARKET, BY VEHICLE TYPE, 2017–2019 (TMT) 156
TABLE 183 ELECTRIC VEHICLE LIGHTWEIGHT COMPOSITES MARKET, BY VEHICLE TYPE, 2017–2019 (USD BILLION) 156
TABLE 184 ELECTRIC VEHICLE LIGHTWEIGHT COMPOSITES MARKET, BY VEHICLE TYPE, 2020–2025 (TMT) 157
TABLE 185 ELECTRIC VEHICLE LIGHTWEIGHT COMPOSITES MARKET, BY VEHICLE TYPE, 2020–2025 (USD BILLION) 157
12.4 PLASTICS 158
12.4.1 BEV IS THE LARGEST LIGHTWEIGHT MATERIAL MARKET FOR PLASTICS 158
TABLE 186 ELECTRIC VEHICLE PLASTICS MARKET, BY VEHICLE TYPE, 2017–2019 (TMT) 158
TABLE 187 ELECTRIC VEHICLE PLASTICS MARKET, BY VEHICLE TYPE,
2017–2019 (USD BILLION) 158
TABLE 188 ELECTRIC VEHICLE PLASTICS MARKET, BY VEHICLE TYPE, 2020–2025 (TMT) 159
TABLE 189 ELECTRIC VEHICLE PLASTICS MARKET, BY VEHICLE TYPE,
2020–2025 (USD BILLION) 159
12.5 ELASTOMER 160
12.5.1 BUS IS THE LARGEST LIGHTWEIGHT MATERIAL MARKET FOR ELASTOMERS 160
TABLE 190 ELECTRIC VEHICLE ELASTOMER MARKET, BY VEHICLE TYPE,
2017–2019 (TMT) 160
TABLE 191 ELECTRIC VEHICLE ELASTOMER MARKET, BY VEHICLE TYPE,
2017–2019 (USD BILLION) 160
TABLE 192 ELECTRIC VEHICLE ELASTOMER MARKET, BY VEHICLE TYPE,
2020–2025 (TMT) 161
TABLE 193 ELECTRIC VEHICLE ELASTOMER MARKET, BY VEHICLE TYPE,
2020–2025 (USD BILLION) 161
13 AUTOMOTIVE LIGHTWEIGHT VEHICLE MARKET, BY REGION 162
Note – The Chapter is Further Segmented at Regional and Country Level Further Segmented By Metal, Plastic, Composite, Elastomer
13.1 INTRODUCTION 163
13.1.1 RESEARCH METHODOLOGY 163
13.1.2 ASSUMPTIONS/LIMITATIONS 164
13.1.3 INDUSTRY INSIGHTS 164
FIGURE 28 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION,
2019 VS. 2025 (USD BILLION) 164
TABLE 194 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION,
2017–2019 (TMT) 165
TABLE 195 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION,
2017–2019 (USD BILLION) 165
TABLE 196 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION,
2020–2025 (TMT) 165
TABLE 197 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY REGION,
2020–2025 (USD BILLION) 165
13.2 ASIA OCEANIA 166
FIGURE 29 ASIA OCEANIA: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY COUNTRY, 2020 VS. 2025 167
TABLE 198 ASIA OCEANIA LIGHTWEIGHT MATERIAL MARKET, BY COUNTRY,
2017–2019 (TMT) 167
TABLE 199 ASIA OCEANIA LIGHTWEIGHT MATERIAL MARKET, BY COUNTRY,
2017–2019 (USD BILLION) 168
TABLE 200 ASIA OCEANIA LIGHTWEIGHT MATERIAL MARKET, BY COUNTRY,
2020–2025 (TMT) 168
TABLE 201 ASIA OCEANIA LIGHTWEIGHT MATERIAL MARKET, BY COUNTRY,
2020–2025 (USD BILLION) 168
13.2.1 CHINA 169
13.2.1.1 China vehicle production data 169
TABLE 202 CHINA: VEHICLE PRODUCTION, BY VEHICLE TYPE, 2017–2019 (‘000 UNITS) 169
13.2.1.2 Plastic is the largest segment in China because of the lower price 169
TABLE 203 CHINA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2017–2019 (TMT) 169
TABLE 204 CHINA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2017–2019 (USD BILLION) 169
TABLE 205 CHINA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2020–2025 (TMT) 170
TABLE 206 CHINA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2020–2025 (USD BILLION) 170
13.2.2 JAPAN 170
TABLE 207 JAPAN: VEHICLE PRODUCTION, BY VEHICLE TYPE, 2017–2019 (‘000 UNITS) 170
13.2.2.1 Metal is the largest segment in Japan as Japanese automakers focus on high quality products over price 171
TABLE 208 JAPAN LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2017–2019 (TMT) 171
TABLE 209 JAPAN LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2017–2019 (USD BILLION) 171
TABLE 210 JAPAN LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2020–2025 (TMT) 171
TABLE 211 JAPAN LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2020–2025 (USD BILLION) 172
13.2.3 INDIA 172
13.2.3.1 India vehicle production data 172
TABLE 212 INDIA: VEHICLE PRODUCTION, BY VEHICLE TYPE, 2017–2019 (‘000 UNITS) 172
13.2.3.2 Metal is the largest segment in India due to heavy usage of HSS 172
TABLE 213 INDIA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2017–2019 (TMT) 172
TABLE 214 INDIA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2017–2019 (USD BILLION) 173
TABLE 215 INDIA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2020–2025 (TMT) 173
TABLE 216 INDIA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2020–2025 (USD BILLION) 173
13.2.4 SOUTH KOREA 174
13.2.4.1 South Korea vehicle production data 174
TABLE 217 SOUTH KOREA: VEHICLE PRODUCTION, BY VEHICLE TYPE,
2017–2019 (‘000 UNITS) 174
13.2.4.2 Metal is the fastest-growing segment in South Korea as Korean manufacturers prefer aluminum and HSS 174
TABLE 218 SOUTH KOREA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2017–2019 (TMT) 174
TABLE 219 SOUTH KOREA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2017–2019 (USD BILLION) 174
TABLE 220 SOUTH KOREA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2020–2025 (TMT) 175
TABLE 221 SOUTH KOREA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2020–2025 (USD BILLION) 175
13.3 EUROPE 176
FIGURE 30 EUROPE: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY COUNTRY,
2020 VS. 2025 176
TABLE 222 EUROPE LIGHTWEIGHT MATERIAL MARKET, BY COUNTRY, 2017–2019 (TMT) 177
TABLE 223 EUROPE LIGHTWEIGHT MATERIAL MARKET, BY COUNTRY,
2017–2019 (USD BILLION) 177
TABLE 224 EUROPE LIGHTWEIGHT MATERIAL MARKET, BY COUNTRY, 2020–2025 (TMT) 177
TABLE 225 EUROPE LIGHTWEIGHT MATERIAL MARKET, BY COUNTRY,
2020–2025 (USD BILLION) 178
13.3.1 GERMANY 178
13.3.1.1 Germany vehicle production data 178
TABLE 226 GERMANY: VEHICLE PRODUCTION, BY VEHICLE TYPE,
2017–2019 (‘000 UNITS) 178
13.3.1.2 Composite is the fastest-growing segment in Germany as it is a potential substitute for steel 179
TABLE 227 GERMANY LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2017–2019 (TMT) 179
TABLE 228 GERMANY LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2017–2019 (USD BILLION) 179
TABLE 229 GERMANY LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2020–2025 (TMT) 179
TABLE 230 GERMANY LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2020–2025 (USD BILLION) 180
13.3.2 FRANCE 180
13.3.2.1 France vehicle production data 180
TABLE 231 FRANCE: VEHICLE PRODUCTION, BY VEHICLE TYPE, 2017–2019 (‘000 UNITS) 180
13.3.2.2 Metal is the largest segment in France as the usage of aluminum and HSS is higher 180
TABLE 232 FRANCE LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2017–2019 (TMT) 180
TABLE 233 FRANCE LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2017–2019 (USD BILLION) 181
TABLE 234 FRANCE LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2020–2025 (TMT) 181
TABLE 235 FRANCE LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2020–2025 (USD BILLION) 181
13.3.3 RUSSIA 182
13.3.3.1 Russia vehicle production data 182
TABLE 236 RUSSIA: VEHICLE PRODUCTION, BY VEHICLE TYPE, 2017–2019 (‘000 UNITS) 182
13.3.3.2 Metal is the largest segment in Russia as the usage of aluminum and HSS is higher 182
TABLE 237 RUSSIA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2017–2019 (TMT) 182
TABLE 238 RUSSIA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2017–2019 (USD BILLION) 182
TABLE 239 RUSSIA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2020–2025 (TMT) 183
TABLE 240 RUSSIA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2020–2025 (USD BILLION) 183
13.3.4 UK 183
13.3.4.1 UK vehicle production data 183
TABLE 241 UK: VEHICLE PRODUCTION, BY VEHICLE TYPE, 2017–2019 (‘000 UNITS) 183
13.3.4.2 Metal is the largest segment in the UK as the usage of aluminum and HSS is higher 184
TABLE 242 UK LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2017–2019 (TMT) 184
TABLE 243 UK LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2017–2019 (USD BILLION) 184
TABLE 244 UK LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2020–2025 (TMT) 184
TABLE 245 UK LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2020–2025 (USD BILLION) 185
13.3.5 SPAIN 185
13.3.5.1 Spain vehicle production data 185
TABLE 246 SPAIN: VEHICLE PRODUCTION, BY VEHICLE TYPE, 2017–2019 (‘000 UNITS) 185
13.3.5.2 Metal is the largest segment in Spain as the usage of aluminum and HSS is higher 185
TABLE 247 SPAIN LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2017–2019 (TMT) 185
TABLE 248 SPAIN LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2017–2019 (USD BILLION) 186
TABLE 249 SPAIN LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2020–2025 (TMT) 186
TABLE 250 SPAIN LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2020–2025 (USD BILLION) 186
13.3.6 REST OF EUROPE 187
13.3.6.1 Metal is the largest segment in Rest of Europe as the usage of aluminum and HSS is higher 187
TABLE 251 REST OF EUROPE LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2017–2019 (TMT) 187
TABLE 252 REST OF EUROPE LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2017–2019 (USD BILLION) 187
TABLE 253 REST OF EUROPE LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2020–2025 (TMT) 187
TABLE 254 REST OF EUROPE LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2020–2025 (USD BILLION) 188
13.4 NORTH AMERICA 188
FIGURE 31 NORTH AMERICA: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET,
BY COUNTRY, 2020 VS. 2025 (USD BILLION) 189
TABLE 255 NORTH AMERICA LIGHTWEIGHT MATERIAL MARKET, BY COUNTRY,
2017–2019 (TMT) 189
TABLE 256 NORTH AMERICA LIGHTWEIGHT MATERIAL MARKET, BY COUNTRY,
2017–2019 (USD BILLION) 189
TABLE 257 NORTH AMERICA LIGHTWEIGHT MATERIAL MARKET, BY COUNTRY,
2020–2025 (TMT) 190
TABLE 258 NORTH AMERICA LIGHTWEIGHT MATERIAL MARKET, BY COUNTRY,
2020–2025 (USD BILLION) 190
13.4.1 US 191
13.4.1.1 US vehicle production data 191
TABLE 259 US: VEHICLE PRODUCTION, BY VEHICLE TYPE, 2017–2019 (‘000 UNITS) 191
13.4.1.2 Metal is the largest segment in US 191
TABLE 260 US LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2017–2019 (TMT) 191
TABLE 261 US LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2017–2019 (USD BILLION) 191
TABLE 262 US LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE, 2020–2025 (TMT) 192
TABLE 263 US LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2020–2025 (USD BILLION) 192
13.4.2 CANADA 192
13.4.2.1 Canada vehicle production data 192
TABLE 264 CANADA: VEHICLE PRODUCTION, BY VEHICLE TYPE,
2017–2019 (‘000 UNITS) 192
13.4.2.2 Metal is the largest segment in Canada 193
TABLE 265 CANADA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2017–2019 (TMT) 193
TABLE 266 CANADA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2017–2019 (USD BILLION) 193
TABLE 267 CANADA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2020–2025 (TMT) 193
TABLE 268 CANADA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2020–2025 (USD BILLION) 194
13.4.3 MEXICO 194
13.4.3.1 Mexico vehicle production data 194
TABLE 269 MEXICO: VEHICLE PRODUCTION, BY VEHICLE TYPE, 2017–2019 (‘000 UNITS) 194
13.4.3.2 Metal is the largest segment in Mexico 194
TABLE 270 MEXICO LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2017–2019 (TMT) 194
TABLE 271 MEXICO LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2017–2019 (USD BILLION) 195
TABLE 272 MEXICO LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2020–2025 (TMT) 195
TABLE 273 MEXICO LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2020–2025 (USD BILLION) 195
13.5 REST OF THE WORLD (ROW) 196
FIGURE 32 ROW: AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET, BY COUNTRY,
2020 & 2025 (USD BILLION) 196
TABLE 274 ROW LIGHTWEIGHT MATERIAL MARKET, BY COUNTRY, 2017–2019 (TMT) 196
TABLE 275 ROW LIGHTWEIGHT MATERIAL MARKET, BY COUNTRY,
2017–2019 (USD BILLION) 197
TABLE 276 ROW LIGHTWEIGHT MATERIAL MARKET, BY COUNTRY, 2020–2025 (TMT) 197
TABLE 277 ROW LIGHTWEIGHT MATERIAL MARKET, BY COUNTRY,
2020–2025 (USD BILLION) 197
13.5.1 BRAZIL 198
13.5.1.1 Brazil vehicle production data 198
TABLE 278 BRAZIL: VEHICLE PRODUCTION, BY VEHICLE TYPE, 2017–2019 (‘000 UNITS) 198
13.5.1.2 Metal is the fastest-growing segment in Brazil 198
TABLE 279 BRAZIL LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2017–2019 (TMT) 198
TABLE 280 BRAZIL LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2017–2019 (USD BILLION) 198
TABLE 281 BRAZIL LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2020–2025 (TMT) 199
TABLE 282 BRAZIL LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2020–2025 (USD BILLION) 199
13.5.2 SOUTH AFRICA 199
13.5.2.1 South Africa vehicle production data 199
TABLE 283 SOUTH AFRICA: VEHICLE PRODUCTION, BY VEHICLE TYPE,
2017–2019 (‘000 UNITS) 199
13.5.2.2 Metal is the largest segment in South Africa 200
TABLE 284 SOUTH AFRICA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2017–2019 (TMT) 200
TABLE 285 SOUTH AFRICA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2017–2019 (USD BILLION) 200
TABLE 286 SOUTH AFRICA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2020–2025 (TMT) 200
TABLE 287 SOUTH AFRICA LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2020–2025 (USD BILLION) 201
13.5.3 REST OF ROW 201
13.5.3.1 Metal is the fastest growing segment in Rest of RoW 201
TABLE 288 REST OF ROW LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2017–2019 (TMT) 201
TABLE 289 REST OF ROW LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2017–2019 (USD BILLION) 201
TABLE 290 REST OF ROW LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2020–2025 (TMT) 202
TABLE 291 REST OF ROW LIGHTWEIGHT MATERIAL MARKET, BY MATERIAL TYPE,
2020–2025 (USD BILLION) 202
14 RECOMMENDATIONS BY MARKETSANDMARKETS 203
14.1 ASIA OCEANIA WILL BE THE KEY MARKET FOR LIGHTWEIGHT MATERIAL SUPPLIERS 203
14.2 COMPOSITES CAN BE A KEY FOCUS FOR LIGHTWEIGHT MATERIAL SUPPLIERS 203
14.3 CONCLUSION 204
15 ADJACENT MARKETS 205
15.1 ADJACENT & RELATED MARKETS 205
15.1.1 INTRODUCTION 205
TABLE 292 ADJACENT MARKETS OF AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKETS 205
15.2 LIMITATIONS 205
15.3 AUTOMOTIVE LIGHTWEIGHT MATERIAL ECOSYSTEM & INTERCONNECTED MARKETS 206
FIGURE 33 AUTOMOTIVE LIGHTWEIGHT MATERIAL ECOSYSTEM & INTERCONNECTED MARKETS 206
15.4 BODY IN WHITE MARKET 207
15.4.1 MARKET DEFINITION 207
15.4.2 MARKET OVERVIEW 207
FIGURE 34 BODY IN WHITE MARKET, BY REGION (MILLION USD) 208
15.4.3 BODY IN WHITE MARKET, BY REGION 208
TABLE 293 BODY IN WHITE MARKET SIZE, BY REGION, 2018–2027 (000’ UNITS) 208
TABLE 294 BODY IN WHITE MARKET SIZE, BY REGION, 2018–2027 (USD BILLION) 208
15.5 COMPOSITES MARKET 209
15.5.1 MARKET DEFINITION 209
15.5.2 MARKET OVERVIEW 209
15.6 COMPOSITES MARKET, BY MANUFACTURING PROCESS AND REGION 210
FIGURE 35 APAC WAS THE LARGEST MARKET AND LAY-UP THE LARGEST MANUFACTURING PROCESS 210
15.7 COMPOSITES MARKET 210
TABLE 295 COMPOSITES MARKET SIZE, BY REGION, 2017–2024 (USD MILLION) 210
TABLE 296 COMPOSITES MARKET SIZE, BY REGION, 2017–2024 (KILOTON) 211
15.8 METAL CASTING MARKET 211
15.8.1 MARKET DEFINITION 211
15.8.2 MARKET OVERVIEW 211
15.8.3 METAL CASTING MARKET 212
FIGURE 36 GLOBAL METAL CASTING MARKET, BY REGION,
2017 VS. 2025 (USD MILLION) 212
TABLE 297 METAL CASTING MARKET SIZE, BY REGION, 2015–2025 (THOUSAND METRIC TONS) 213
TABLE 298 METAL CASTING MARKET SIZE, BY REGION, 2015–2025 (USD MILLION) 213
15.9 METAL FORMING MARKET 213
15.9.1 MARKET DEFINITION 213
15.9.2 MARKET OVERVIEW 213
15.9.3 METAL FORMING MARKET 214
FIGURE 37 METAL FORMING MARKET FOR AUTOMOTIVE, BY REGION,
2020 VS. 2025 (USD BILLION) 214
TABLE 299 METAL FORMING MARKET FOR AUTOMOTIVE, BY REGION,
2017–2025 (MILLION TON) 215
TABLE 300 METAL FORMING MARKET FOR AUTOMOTIVE, BY REGION,
2017–2025 (USD BILLION) 215
16 COMPETITIVE LANDSCAPE 216
16.1 OVERVIEW 216
16.2 COMPETITIVE LEADERSHIP MAPPING 216
16.2.1 VISIONARY LEADERS 216
16.2.2 INNOVATORS 217
16.2.3 DYNAMIC DIFFERENTIATORS 217
16.2.4 EMERGING COMPANIES 217
16.3 COMPETITIVE LEADERSHIP MAPPING MATRIX - LIGHTWEIGHT MATERIAL SUPPLIERS 218
FIGURE 38 COMPETITIVE LEADERSHIP MAPPING MATRIX - LIGHTWEIGHT MATERIAL SUPPLIERS, 2018 218
16.4 COMPANY-WISE PRODUCT OFFERING ANALYSIS – LIGHTWEIGHT MATERIAL SUPPLIERS 219
16.5 COMPANY-WISE BUSINESS STRATEGY ANALYSIS – LIGHTWEIGHT MATERIAL SUPPLIERS 220
16.6 COMPETITIVE LEADERSHIP MAPPING - LIGHTWEIGHT COMPONENT MANUFACTURERS 221
FIGURE 39 COMPETITIVE LEADERSHIP MAPPING - LIGHTWEIGHT COMPONENT MANUFACTURERS, 2018 221
16.7 COMPANY-WISE PRODUCT OFFERING ANALYSIS - LIGHTWEIGHT COMPONENT MANUFACTURERS 222
16.8 COMPANY-WISE BUSINESS STRATEGY ANALYSIS - LIGHTWEIGHT COMPONENT MANUFACTURERS 223
16.9 MARKET SHARE ANALYSIS 224
FIGURE 40 AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET SHARE, FOR KEY PLAYERS, 2018 224
FIGURE 41 COMPANIES ADOPTED NEW PRODUCT DEVELOPMENT AND EXPANSIONS AS A KEY GROWTH STRATEGY 225
16.10 COMPETITIVE SCENARIO 226
16.10.1 NEW PRODUCT DEVELOPMENTS 226
TABLE 301 NEW PRODUCT DEVELOPMENTS 226
16.10.2 EXPANSIONS 228
TABLE 302 EXPANSIONS 228
16.10.3 MERGERS & ACQUISITIONS 229
TABLE 303 MERGERS & ACQUISITIONS 229
16.10.4 PARTNERSHIPS/AGREEMENTS/SUPPLY CONTRACTS/ COLLABORATIONS/JOINT VENTURES 231
TABLE 304 PARTNERSHIPS/AGREEMENTS/SUPPLY CONTRACTS/COLLABORATIONS/ JOINT VENTURES 231
17 COMPANY PROFILES 234
(Business overview, Products offered, Recent developments & SWOT analysis)*
17.1 BASF SE 234
FIGURE 42 BASF SE: COMPANY SNAPSHOT 234
17.2 COVESTRO AG 238
FIGURE 43 COVESTRO AG: COMPANY SNAPSHOT 238
17.3 LYONDELLBASELL INDUSTRIES HOLDINGS B.V. 241
FIGURE 44 LYONDELLBASELL INDUSTRIES HOLDINGS B.V.: COMPANY SNAPSHOT 241
17.4 TORAY INDUSTRIES, INC. 244
FIGURE 45 TORAY INDUSTRIES, INC.: COMPANY SNAPSHOT 244
17.5 ARCELORMITTAL 248
FIGURE 46 ARCELORMITTAL: COMPANY SNAPSHOT 248
17.6 THYSSENKRUPP AG 251
FIGURE 47 THYSSENKRUPP AG: COMPANY SNAPSHOT 251
17.7 NOVELIS, INC. 253
FIGURE 48 NOVELIS, INC.: COMPANY SNAPSHOT 253
17.8 ALCOA CORPORATION 257
FIGURE 49 ALCOA CORPORATION: COMPANY SNAPSHOT 257
17.9 OWENS CORNING 259
FIGURE 50 OWENS CORNING: COMPANY SNAPSHOT 259
17.10 STRATASYS LTD. 261
FIGURE 51 STRATASYS LTD.: COMPANY SNAPSHOT 261
*Details on Business overview, Products offered, Recent developments & SWOT analysis might not be captured in case of unlisted companies.
17.11 ADDITIONAL COMPANIES 263
17.11.1 ASIA OCEANIA 263
17.11.1.1 Tata Steel 263
17.11.1.2 POSCO 263
17.11.2 EUROPE 263
17.11.2.1 SGL Carbon 263
17.11.2.2 Lanxess 263
17.11.2.3 Borealis AG 263
17.11.3 NORTH AMERICA 264
17.11.3.1 DowDuPont 264
17.11.3.2 AK Steel Corporation 264
17.11.3.3 U.S. Magnesium LLC 264
17.11.3.4 Aleris Corporation 264
17.11.4 ROW 264
17.11.4.1 WHB Brasil 264
18 APPENDIX 265
18.1 INSIGHTS OF INDUSTRY EXPERTS 265
18.2 DISCUSSION GUIDE 265
18.3 KNOWLEDGE STORE 270
18.4 AVAILABLE CUSTOMIZATIONS 272
18.4.1 METALS 272
18.4.1.1 HSS 272
18.4.1.2 Aluminum 272
18.4.1.3 Magnesium & Titanium 272
18.4.2 COMPOSITES 272
18.4.2.1 CFRP 272
18.4.2.2 GFRP 272
18.4.2.3 NFRP 272
18.4.2.4 Other Composites 272
18.4.3 PLASTICS 272
18.4.3.1 PC 272
18.4.3.2 ABS 272
18.4.3.3 PA 272
18.4.3.4 PP 272
18.4.3.5 PU 272
18.4.3.6 Others 272
18.4.4 ELASTOMER 272
18.4.4.1 EPDM 272
18.4.4.2 NR 272
18.4.4.3 SBR 272
18.4.4.4 Others 272
18.5 RELATED REPORTS 273
18.6 AUTHOR DETAILS 274
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