The global automotive lightweight materials market is estimated to grow significantly, at a CAGR of 6.9%, during the forecast period. The major factors contributing to the market growth include the stringent regulations for the emission of fuel and growing initiatives for weight reduction. The government has made it crucial to reduce the weight of engine components and improve heat resistance for decreasing both fuel consumption and CO2 emissions. In order to use materials that are lighter in weight and more heat resistant than Ni-based superalloy, an environmental barrier coating (EBC) is necessary to cover the surface of components for a long period of time.
According to the International Council of Clean Transportation, a large fraction of TTG (Transport Task Group) members have already implemented world-class tailpipe emissions standards for both LDVs (Light delivery vehicles) and HDVs (heavy -duty vehicles), including Canada, the European Union, and its member states, Japan, and the US. These regulations are expected to reduce vehicle emission in the environment prevailing the automotive lightweight materials market. However, the high material and processing cost is one of the major factors that hamper the market growth.
Segmental Outlook
The automotive lightweight materials market is classified on the basis of material type, vehicle type, and application. Based on material type, the market is segmented into metals, composites, plastics, and elastomers. Based on the vehicle type, the market is segmented into PC, LCV, and HCV. On the basis of application, the market is segmented into chassis and suspension, powertrain, interiors, exterior, and others.
Global Automotive Lightweight Materials Market Share by Material Type, 2018 (%)
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Company Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. BASF SE
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.3.2. Covestro AG
3.3.2.1. Overview
3.3.2.2. Financial Analysis
3.3.2.3. SWOT Analysis
3.3.2.4. Recent Developments
3.3.3. LyondellBasell Industries Holdings B.V.
3.3.3.1. Overview
3.3.3.2. Financial Analysis
3.3.3.3. SWOT Analysis
3.3.3.4. Recent Developments
3.3.4. SABIC
3.3.4.1. Overview
3.3.4.2. Financial Analysis
3.3.4.3. SWOT Analysis
3.3.4.4. Recent Developments
3.3.5. Toray Industries, Inc.
3.3.5.1. Overview
3.3.5.2. Financial Analysis
3.3.5.3. SWOT Analysis
3.3.5.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Automotive Lightweight Materials Market by Material Type
5.1.1. Metals
5.1.2. Composites
5.1.3. Plastics
5.1.4. Elastomers
5.2. Global Automotive Lightweight Materials Market by Vehicle Type
5.2.1. Passenger Cars (PC)
5.2.2. Light Commercial Vehicle (LCV)
5.2.3. Heavy Commercial Vehicle (HCV)
5.3. Global Automotive Lightweight Materials Market by Application
5.3.1. Chassis and Suspension
5.3.2. Powertrain
5.3.3. Interiors
5.3.4. Exterior
5.3.5. Others (Body in white)
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Alcoa Corp.
7.2. ArcelorMittal
7.3. BASF SE
7.4. Bayer AG
7.5. Covestro AG
7.6. DuPont de Nemours, Inc.
7.7. Grupo Antolin Irausa, S.A.
7.8. Hexcel Corp.
7.9. LANXESS AG
7.10. LyondellBasell Industries Holdings B.V.
7.11. Novelis Deutschland GmbH
7.12. Owens Corning
7.13. PPG Industries, Inc.
7.14. SABIC
7.15. Stratasys Ltd.
7.16. Tata Steel Ltd.
7.17. ThyssenKrupp AG
7.18. Toray Industries, Inc.