APAC automotive lightweight materials market is predicted to dominate the industry share over the forecast timespan. Japan and China would lead the market share of the region.

Increasing production of electric vehicles in these countries is a major factor responsible for market expansion in the region. In addition, incentive programs and promotional governmental policies are likely to boost electric vehicle demand. Apart from increased manufacturing, multimaterial design approaches incorporating advanced composites and plastics is likely to drive the overall market outlook.  

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Global automotive lightweight materials market has emerged as one of the most lucrative sectors in recent years. The industry is set to witness exponential growth in the coming years. This growth can be attributed to the growing need of reducing GHG emissions across the world. In addition, the rapidly increasing electric vehicle manufacturing activities are likely to augment the market share through 2026.

Material substitution in vehicles is another major factor fostering the market share. This is because this new practice plays a crucial role in decreasing secondary weight across load-bearing structures. This further helps in improving the fuel economy. Rising usage of lightweight materials in vehicles also helps improve driving performance. Global automotive lightweight materials market is estimated to surpass $310 billion by 2026.

With respect to the material segment, UHSS (Ultra-High Strength Steel) and AHSS (Advanced High Strength Steel) are currently gaining significant traction in the industry. In fact, they are predicted to generate considerable profits in the coming years.

This growth can be attributed to the improved performance capabilities these high strength materials deliver for crash energy management, while also offering superior strength at a significantly lesser production cost.

Additionally, higher work and brake hardening capabilities are enabling enhanced formability. They are also presenting new opportunities for optimization of complex part geometries. Substantial advancements in material properties are attained through technologically advanced manufacturing procedures and multimaterial optimization.

Performance characteristics of novel lightweight materials are precisely monitored and monitored using new simulation techniques which further help decrease the prototyping costs. All these benefits would possibly push automotive lightweight materials market outlook through 2026.  

Along with rising vehicle production, increasing requirements for automakers to follow fuel emission regulations and enhance efficiency would positively influence the market outlook. In fact, as per the U.S. CAFE (Corporate Average Fuel Economy) rules, automobile manufacturers need to meet a fuel economy of 54.5 mpg till 2025.  In order to follow these norms, vehicle producers are finding alternative, lighter powertrains that help them adhere to these fuel emission standards.

The competitive landscape of automotive lightweight materials market is inclusive of players like WHB Brasil, Borealis, Ak Steel Corporation, Aleris Corporation, Sgl Carbon, Posco, LANXESS, Stratasys Ltd., Owens Corning, ThyssenKrupp AG, Arcelormittal, Alcoa Corporation, LyondellBasell, BASF, Toray, and Convestro among others.

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Some Point from Table of Contents:

Chapter 5   Automotive Lightweight Materials Market, By Application

5.1    Global automotive lightweight materials market share by application, 2019 & 2026

5.2    Body In White (BIW)

5.2.1    Global market estimates and forecasts, 2016 – 2026

5.2.2    Market estimates and forecast, by region, 2016 – 2026

5.3    Chassis

5.3.1    Global market estimates and forecasts, 2016 – 2026

5.3.2    Market estimates and forecast, by region, 2016 – 2026

5.4    Powertrain

5.4.1    Global market estimates and forecasts, 2016 – 2026

5.4.2    Market estimates and forecast, by region, 2016 – 2026

5.5    Interior

5.5.1    Global market estimates and forecasts, 2016 – 2026

5.5.2    Market estimates and forecast, by region, 2016 – 2026

5.6    Exterior

5.6.1    Global market estimates and forecasts, 2016 – 2026

5.6.2    Market estimates and forecast, by region, 2016 – 2026

5.7    Others

5.7.1    Global market estimates and forecasts, 2016 – 2026

5.7.2    Market estimates and forecast, by region, 2016 – 2026

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