Automotive Lightweight Materials Market Segmentation and Analysis by Recent Trends, Development and Growth by Regions to 2025
Light weight materials are characterized by high strength and lighter weights. Light weight materials enhance the bettering parameters such as acceleration and handling. Automakers usually obtain more freedom, flexibility and ease with the introduction of light weight materials in the automotive industry.
Light weight materials are characterized by high strength and lighter weights. Light weight materials enhance the bettering parameters such as acceleration and handling. Automakers usually obtain more freedom, flexibility and ease with the introduction of light weight materials in the automotive industry.
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<strong>Au<strong>to</strong>motive</strong> <strong>Lightweight</strong> <strong>Materials</strong> <strong>Market</strong><br />
Outlook 2018-<strong>2025</strong> Industry <strong>Analysis</strong>,<br />
Opportunities, <strong>Segmentation</strong> <strong>and</strong> Forecast<br />
“The Global <strong>Au<strong>to</strong>motive</strong> <strong>Lightweight</strong> <strong>Materials</strong> market is<br />
expected <strong>to</strong> grow over the forecast period owing <strong>to</strong> the<br />
growth in the average production of vehicles <strong>and</strong> sales<br />
volume globally per year. Light weight materials are<br />
characterized <strong>by</strong> high strength <strong>and</strong> lighter weights. Light<br />
weight materials enhance the bettering parameters such<br />
as acceleration <strong>and</strong> h<strong>and</strong>ling.”<br />
The global <strong>Au<strong>to</strong>motive</strong> Light Weight <strong>Materials</strong> <strong>Market</strong> is expected <strong>to</strong> witness significant growth in the forecast period<br />
owning <strong>to</strong> its wide spread applications in au<strong>to</strong>motive sec<strong>to</strong>r. Due <strong>to</strong> stringent rules <strong>and</strong> regulations pertaining <strong>to</strong><br />
emissions <strong>and</strong> pollution levels, this is expected <strong>to</strong> further increase <strong>and</strong> have <strong>and</strong> a wider application platform. The<br />
growing dem<strong>and</strong> in this market is majorly driven <strong>by</strong> increase in the consumption of light weight materials in the<br />
au<strong>to</strong>motive industry. The Global <strong>Au<strong>to</strong>motive</strong> <strong>Lightweight</strong> <strong>Materials</strong> market is expected <strong>to</strong> grow over the forecast<br />
period owing <strong>to</strong> the growth in the average production of vehicles <strong>and</strong> sales volume globally per year. Light weight<br />
materials are characterized <strong>by</strong> high strength <strong>and</strong> lighter weights. Light weight materials enhance the bettering<br />
parameters such as acceleration <strong>and</strong> h<strong>and</strong>ling. Au<strong>to</strong>makers usually obtain more freedom, flexibility <strong>and</strong> ease with the<br />
introduction of light weight materials in the au<strong>to</strong>motive industry. It enables designers <strong>to</strong> design vehicles that can be<br />
electronically operated <strong>by</strong> using batteries which are available at lowers costs <strong>and</strong> provide higher performance<br />
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Structural application of these markets are estimated <strong>to</strong> have the largest growth <strong>and</strong> a market share in terms of value.<br />
With stringent emission norms, manufacturers in the au<strong>to</strong>motive industry are required <strong>to</strong> follow regulations that lead<br />
them <strong>to</strong> use light weight materials that indirectly improves efficiency in their vehicles. Requirements like better fuel<br />
efficiency, improved mileage, better fuel economy, an improved driving experience, better performance of the vehicle<br />
in addition <strong>to</strong> a greater power in the driving experience ae other fac<strong>to</strong>rs that fuel the increase in dem<strong>and</strong> from<br />
consumers for light weight materials. In addition, use of light weight materials reduce the weight of the vehicle that<br />
provides enhanced security <strong>and</strong> better experience. It has also given au<strong>to</strong>motive designers an opportunity <strong>to</strong> innovate<br />
<strong>and</strong> create new designs <strong>and</strong> structures owing <strong>to</strong> the property of these materials <strong>to</strong> be readily <strong>and</strong> easily be molded<br />
in<strong>to</strong> any desirable shape <strong>and</strong> size. They therefore provide an added advantage of innovation <strong>to</strong> au<strong>to</strong>motive<br />
manufacturers.<br />
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Original Equipment manufacturers (OEM) have further contributed <strong>to</strong> the increased usage of light weight materials<br />
mainly the carbon filter in au<strong>to</strong>motive vehicles. Metal like Aluminium is used for manufacturing casing used for<br />
transmission, manufacturing engines <strong>and</strong> wheels. Some OEMs have begun using aluminum <strong>to</strong> manufacture the whole<br />
au<strong>to</strong>motive vehicle. However, there are high costs <strong>and</strong> funds associated with designing vehicles which can hinder the<br />
growth in dem<strong>and</strong> for vehicles in this industry. Another metal which is a part of light weight materials used in the<br />
au<strong>to</strong>motive market is magnesium It is used in manufacturing instrument panels <strong>and</strong> car beams owing <strong>to</strong> the property<br />
that it is less dense that steel or aluminum. Composites, is another light weight material that is growing at an increasing<br />
pace owing <strong>to</strong> its flexible property of designing in any shape. Glass fiber composites are widely used in the au<strong>to</strong>motive<br />
industry for the same property of being ductile Carbon fiber composites are expected <strong>to</strong> grab a larger share as<br />
compared <strong>to</strong> other composites as they are much lighter with respect o other composites. However, they are expensive<br />
<strong>and</strong> this can hamper the growth of this light weight material in the au<strong>to</strong>motive industry in the forecast period.<br />
Light weight materials have a wide spread presence in the aerospace industry. Plastics, carbon fibers <strong>and</strong> metals are<br />
used <strong>to</strong> manufacture <strong>and</strong> design the structural, interior <strong>and</strong> exterior parts of a vehicle The fuel consumption of a vehicle<br />
is drastically reduced <strong>by</strong> making the vehicle as light as possible. If the weight of a vehicle is reduced <strong>by</strong> 10% the fuel<br />
consumption can be reduced <strong>by</strong> about 5% <strong>to</strong> 7% owing <strong>to</strong> the reduced effort required <strong>to</strong> move <strong>and</strong> accelerate the<br />
vehicle. Lighter the weight of the vehicle, lesser would be the fuel consumption. Asia Pacific is estimated <strong>to</strong> be the<br />
largest market in au<strong>to</strong>motive light weight materials industry in terms of volume. Major contribu<strong>to</strong>rs of light weight<br />
materials in Asia are China, India <strong>and</strong> Japan. Due <strong>to</strong> a reasonable amount of dem<strong>and</strong> for vehicles, <strong>by</strong> volume, in these<br />
regions, there are several light weight manufacturers <strong>and</strong> suppliers who are readily available <strong>to</strong> contribute <strong>to</strong> the<br />
market that can provide them with better profits.<br />
In Northern America, it was the U.S that contributed <strong>to</strong> the largest share in the au<strong>to</strong>motive light weight materials<br />
market. However, developing economies in Asia- Pacific such as China <strong>and</strong> India are expected <strong>to</strong> be the new revenuegenerating<br />
areas for the existing market players in the foreseeable future. Increase in population, growing economies,<br />
strict emission rules <strong>and</strong> regulations, better awareness about eco-friendly system <strong>and</strong> advantages of a better fuel
efficient vehicle are the key drivers that have a major effect on the au<strong>to</strong>motive light weight materials market in these<br />
regions. Key players in the au<strong>to</strong>motive lightweight materials market industry have been identified <strong>to</strong> be Arcelor Mittal<br />
S.A. (Luxemburg), Thyssen Krupp AG (Germany), Novelis Inc. (U.S.), Toray Industries Inc. (Japan) <strong>and</strong> Bayer AG<br />
(Germany). These market players usually strategize <strong>by</strong> geographically exp<strong>and</strong>ing or <strong>by</strong> mergers & acquisitions.<br />
<strong>Market</strong> Segment:<br />
Geographically, this report is segmented in<strong>to</strong> several key <strong>Regions</strong>, with production, consumption, revenue (million<br />
USD), market share <strong>and</strong> growth rate of <strong>Au<strong>to</strong>motive</strong> <strong>Lightweight</strong> <strong>Materials</strong> in these regions, from 2013 <strong>to</strong> <strong>2025</strong><br />
(forecast), covering<br />
• North America<br />
• Europe<br />
• China<br />
• Japan<br />
• Southeast Asia<br />
• India<br />
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Global <strong>Au<strong>to</strong>motive</strong> <strong>Lightweight</strong> <strong>Materials</strong> market competition <strong>by</strong> <strong>to</strong>p manufacturers, with production, price,<br />
revenue (value) <strong>and</strong> market share for each manufacturer; the <strong>to</strong>p players including<br />
• BASF<br />
• Toray Industries<br />
• Dow Chemical<br />
• Akzo Nobel<br />
• Reliance Industries Ltd.<br />
• AMG Advanced Metallurgical Group
On the basis of the end users/applications, this report focuses on the status <strong>and</strong> outlook for major applications/end<br />
users, consumption (sales), market share <strong>and</strong> growth rate for each application, including<br />
• Passenger Cars<br />
• Commercial Vehicles<br />
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