Automotive Lightweight Materials Market Trends, Analysis & Forecast,2026

1
Automotive Lightweight Materials Market North
America Region is Expected to Record CAGR of 8.5
By 2026
2
Industry Insights

• Increasing concerns regarding the reduction of
  carbon footprint could have a positive impact on
  automotive lightweight materials market growth.
  Stringent emission standards and limitations set
  by various governments on pollutants including
  CO2 would encourage automakers to incorporate
  lighter automotive materials that improve vehicle
  fuel efficiency.
• Given to rising significance and demand, firms
  operating in the automotive lightweight materials
  market are introducing new, advanced products.
  For example, in 2020, ArcelorMittal announced the
  launch of its advanced high strength steels and
  set of smart S-in motion solutions for Battery
  Electric Vehicles, designed to make cars lighter,
  safer, and stronger at a more affordable cost.

3

• Based on material, the steel segment is projected
  to record a CAGR of around 8.5 owing to the wide
  usage of steel in the production of automotive
  structures. Advanced high strength steel,
  ultra-high strength steel, and high strength
  steel are proven to be extremely beneficial for
  new automotive structures. These modern grade
  steel help in mass reduction by reducing sheet
  gages and lowering of specific density, hence
  permitting substantial emission reduction.
• Get sample copy of this research report _at_
  https//www.gminsights.com/request-sample/detail/3
  315
• In terms of application, the powertrain segment
  is likely to register over USD 50 billion in the
  upcoming years owing to its considerable share in
  the overall vehicle weight. Engine blocks are
  being made of aluminum housing instead of
  traditional materials like heavy steel and iron,
  given the growing use of automotive lightweight
  materials.

4

Browse complete Table of Contents (ToC) of this
research report _at_ https//www.gminsights.com/toc
/detail/automotive-lightweight-materials-market
Chapter 4 Automotive Lightweight Materials
Market, By Material 4.1 Global automotive
lightweight materials market share by material,
2019 2026 4.2 Metals Alloys 4.2.1
Global market estimates and forecasts, 2016
2026 4.2.2 Market estimates and forecast, by
region, 2016 2026 4.2.3 High strength steel
(HSS, AHSS, UHSS)
5

4.2.3.1 Global market estimates and forecasts,
2016 2026 4.2.3.2 Market estimates and
forecast, by region, 2016 2026 4.2.4
Aluminum 4.2.4.1 Global market estimates and
forecasts, 2016 2026 4.2.4.2 Market
estimates and forecast, by region, 2016
2026 4.2.5 Magnesium 4.2.5.1 Global
market estimates and forecasts, 2016
2026 4.2.5.2 Market estimates and forecast,
by region, 2016 2026
6
Region

• On a regional standpoint, Europe automotive
  lightweight materials market is estimated to hold
  around 25 share owing to estimated steady
  recovery of automobile production in Q1 and Q2 of
  2021, post the impact of the COVID-19 pandemic.
  Implementation of strict Euro 6 norms is expected
  to lessen CO2, nitrogen oxide and carbon monoxide
  emissions, which could force automakers to
  develop more fuel efficient vehicles.
  Additionally, increasing RD expenditure to
  create efficient automotive lightweight materials
  could propel industry expansion.

7
Key Players

• BASF SE
• LyondellBasell Industries Holding B.V.
• LANXESS Deutschland GmbH
• Owens Coming
• POSCO
• ArcelorMittal

8
Stay In Touch Social Media