Automotive Lightweight Materials Market PDF 2021-2026: Size, Share, Analysis

1. Global Automotive Lightweight Materials Market Research Report and Forecast 2021-2026 Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2019 IMARC All Rights Reserved

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3. Report Description and Highlights Report Description Global Automotive Lightweight Materials Market Outlook 2026: According to the latest report by IMARC Group, titled “Automotive Lightweight Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global automotive lightweight materials market exhibited moderate growth during 2015-2020. Automotive lightweight materials are widely utilized across the automotive industry for improving the overall efficiency of the electric, plug-in and hybrid electric vehicles (EVs), among others. The usage of lightweight materials in the structural elements lowers the weight of the vehicle, which further reduces its fuel consumption and CO2 emissions significantly, without compromising on safety. Additionally, these materials can offset the weight of power systems while increasing their all-electric range. As a result, conventionally used metals, including cast iron and traditional steel components are increasingly being replaced by lightweight materials, such as carbon fiber, high-strength steel, polymer composites, and aluminum and magnesium alloys.

4. Report Description and Highlights Report Description Global Automotive Lightweight Materials Market Trends: One of the major factors driving the demand for lightweight materials is the rising sales of EVs. Market players are applying design to cost (DTC) strategies by focusing on material use and component integration. In line with this, they are utilizing lightweight materials in the structural parts of second-generation EVs to improve body design. Furthermore, enhanced research and development (R&D) in the automotive industry is also contributing significantly to the market growth. For instance, the National Institute of Standards and Technology (NIST), a physical sciences laboratory of the United States Department of Commerce, is partnering with automakers and base metal suppliers in the US to develop new lightweight materials based on advanced measurement methods, analysis and standards. Other factors driving the market include the easy availability of recyclable materials and governmental regulations pertaining to environment conservation. Request for a free sample report: https://www.imarcgroup.com/automotive-lightweight-materials- market/requestsample

5. Report Description Report Description and Highlights Market Summary: Breakup by Technology Type: • Battery Electric Vehicle • Hybrid Electric Vehicle • Plug-In Hybrid Electric Vehicle • Others Breakup by Component: • Frame • Wheel • Bumper • Door and Seat • Instrument Panel • Others

6. Report Description Report Description and Highlights Breakup by Material Type: • Metal • Composite • Plastic • Elastomer Breakup by Application: • Structural • Interior • Exterior • Powertrain • Others Breakup by Vehicle Type: • Passenger Vehicle • Light Commercial Vehicle (LCV) • Heavy Commercial Vehicle (HCV)

7. Report Description Report Description and Highlights Breakup by Region: • North America • Europe • Asia Pacific • Latin America • Middle East and Africa Looking forward, the market value is projected to reach a strong growth during the forecast period (2021-2026).

8. Report Description and Highlights Report Description Competitive Landscape With Keyplayer: • BASF SE • Magna International • Toray Industries • Covestro AG • ArcelorMittal SA • ThyssenKrupp AG • Alcoa Corporation • Bayer AG • Saudi Arabia Basic Industries Corporation (SABIC) • PPG Industries • LyondellBasell Industries N.V. • Novelis Inc. • Owens Corning Corporation • Grupo Antolin View Report TOC, Figures and Tables: https://www.imarcgroup.com/automotive-lightweight- materials-market

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11. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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