Global Automotive Lightweight Materials Market 2016-2020

  • Published: Nov 2016
  • Pages: 68
  • SKU: IRTNTR10692
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This industry research report on automotive lightweight materials market presents market shares of key vendors like Alcoa, ArcelorMittal, BASF, Toray Industries, and US Magnesium. It also segments the global automotive lightweight materials market by application (structural components, interior components, exterior components, powertrain components, and others), product type (metals, plastics, and composites), and geography (APAC, Europe, North America, and ROW).

Global market overview for automotive lightweight materials

In terms of revenue, the global automotive lightweight materials market is envisaged to grow at a CAGR of almost 9% by 2020. The growth prospects for this market are affected by the recent increase in automotive regulatory requirements. It has been noted by Technavio’s market research analyst that the number of laws and regulation pertaining to the reduction of emission of carbon dioxide from automobiles is on the rise. The Kyoto protocol restricts the emission of carbon dioxide and other greenhouse gasses into the atmosphere. With emission norms becoming stricter every passing day, there is a rise in the demand for lightweight materials as it helps to boost efficiency. The application of lightweight materials in automobile components can help to achieve the necessary emission requirements and increase vehicular efficiency.

In terms of geography, it has been noted that APAC dominates this market and is estimated to further enhance its hold over the market by the end of 2020.  The automotive lightweight materials market in APAC is forecasted to increase due to an increase in the production of automobiles and a subsequent rise in the demand for fuel efficient vehicles from APAC. It is the only geography to witness an increase in its market share. Furthermore, with the presence of key global automakers, such as Toyota, Suzuki, Honda, Nissan, Suzuki, Mazda, Mitsubishi (Japan), Dongfeng, Changan, Geely (China), Tata, Mahindra and Mahindra (India), and Hyundai (South Korea), this region is envisaged to witness strong growth over the next few years.

Competitive landscape and key vendors

This market fragmented in nature as it is characterized by the presence of numerous players who are involved in this business segment. The suppliers manufacture different varieties of these lightweight materials to satisfy the needs of the automotive OEMs and other global, as well as local, automakers. Also, many vendors are upgrading their product portfolio and introducing technological solutions to cater to the requirements of the enormous global automotive industry.

Key vendors in this market are -

  • Alcoa
  • ArcelorMittal
  • BASF
  • Toray Industries
  • US Magnesium

Other prominent vendors analyzed in this market study are Akzo Nobel, Aleris, AMG, Borealis, Constellium, Covestro, Dead Sea Magnesium, Dow Chemical, Henkel, Johnson Controls, KOBELCO, LyondellBasell Industries, Magna, Norsk Hydro, Novelis, Owens Corning, POSCO, PPG, SABIC, Teijin, ThyssenKrupp, and UACJ.

Segmentation by application and analysis of the automotive lightweight materials market

  • Structural components
  • Interior components
  • Exterior components
  • Powertrain components

During 2015, the structural components segment dominated the automotive lightweight materials industry in terms of application and is estimated to enhance its hold over the market by the end of 2020. Structural components consist of body panels, chassis, and cross-members. As structural components consist of the main frame and have the highest percentage of automotive weight, automotive manufacturers are concentrating on the weight reduction and strength of these components. Due to their high importance, these components will be the most significant area of focus for automakers and will have a high growth rate over the next few years.

Segmentation by product type and analysis of the automotive lightweight materials market

  • Metals
  • Plastics
  • Composites

At present, the metals segment dominates this market and is estimated to witness a slight decline in its market shares by the end of 2020. The global automotive lightweight metals market has the largest market share among the three product types of the global automotive lightweight materials market. In many cases, aluminum and HSS have replaced the use of traditional heavy steel and iron in the automotive industry. Aluminum is utilized for transmission casings, wheels, heat exchangers, and engine blocks.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global automotive lightweight materials market growth?
  • What are the key market trends impacting the growth of the global automotive lightweight materials market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global automotive lightweight materials market?
  • What are the market opportunities and threats faced by the vendors in the global automotive lightweight materials market?
  • What are the trending factors influencing the market shares of APAC, Europe, North America, and ROW?

 

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Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of the report

  • Market overview
  • Top-vendor offerings

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights
  • Overview

PART 05: Market landscape

  • Global automotive lightweight materials market
  • Global customer base concentration
  • Five forces analysis

PART 06: Market segmentation by application

  • Global automotive lightweight materials market by application
  • Global automotive lightweight materials market by applications
  • Global automotive lightweight materials market for structural components
  • Global automotive lightweight materials market for interior components
  • Global automotive lightweight materials market for exterior components
  • Global automotive lightweight materials market for powertrain components
  • Global automotive lightweight materials market for other components

PART 07: Market segmentation by product type

  • Global automotive lightweight materials market by product type
  • Global automotive lightweight materials market by product type
  • Global automotive lightweight metals market
  • Global automotive lightweight plastics market
  • Global automotive lightweight composites market

PART 08: Geographical segmentation

  • Global automotive lightweight materials market segmentation by geography
  • Global automotive lightweight materials market by geography
  • Automotive lightweight materials market in APAC
  • Automotive lightweight materials market in Europe
  • Automotive lightweight materials market in North America
  • Automotive lightweight materials market in ROW

PART 09: Key leading countries

PART 10: Market drivers

  • Increase in automotive regulatory requirements
  • Growing demand for fuel-efficient and green vehicles
  • Introduction of innovative lightweight materials
  • Fast expansion of OEMs and automotive industry in APAC

PART 11: Impact of drivers

PART 12: Market challenges

  • Fluctuating raw material prices and high cost of automotive lightweight materials
  • High cost involved in designing of vehicles and R&D for new materials
  • Limitations in recyclability of automotive lightweight materials
  • Issues with crashworthiness and safety

PART 13: Impact of drivers and challenges

PART 14: Market trends

  • Increased use of electronics in automobiles
  • Innovation and focus on use of lightweight materials in new energy vehicles
  • Change in business strategies of OEMs and automotive vendors

PART 15: Vendor landscape

  • Competitive scenario
  • Recent developments in automotive lightweight materials
  • Other prominent vendors
  • Alcoa
  • ArcelorMittal
  • BASF
  • Toray Industries
  • US Magnesium

PART 16: Appendix

  • List of abbreviations

PART 17: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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