Analysis of Automotive Lightweight Materials Market Size by Research Nester reveals the Market to grow with a CAGR of 5.5% during 2025-2037 and attain USD 279.1 billion by 2037

Research Nester’s recent market research analysis on “Automotive Lightweight Materials Market: Global Demand Analysis & Opportunity Outlook 2037” delivers a detailed competitor’s analysis and a detailed overview of the global automotive lightweight materials market in terms of market segmentation by component, robot type, application, and by region.
Growing Adoption of Electric Vehicles to Promote Global Market Share of Automotive Lightweight Materials
The global automotive lightweight materials market is estimated to grow majorly on account of the widespread adoption of autonomous vehicles and electric vehicles. According to the Bureau of Labor Statistics, in the U.S., the percentage of cars sold that were electric rose from 0.2 in 2011 to 4.6 in 2021. The automobile industry's business model, which has been in place for a century and includes developing, manufacturing, marketing, and servicing vehicles, is expected to undergo significant change as a result of intelligent mobility technology. These trends are being driven by a variety of factors, including sustainability, technological advancements, electrification, self-driving vehicles, customer expectations, and personal mobility.
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Autonomous, connected, electric, and sharing (ACES) vehicles are predicted to take over transportation in the future, altering how people engage with automobiles. Automakers consider lightweight vehicles, such as electric and autonomous vehicles, crucial to sustainable transportation since they cut CO2 emissions and fuel consumption.
Some of the major growth factors and challenges that are associated with the growth of the global automotive lightweight materials market are:
Growth Drivers:
• Increased use in the aerospace and car racing industry
• Growing incorporation of advanced manufacturing technologies
Challenges:
Advanced lightweight materials such as carbon fiber and certain composites often require specialized and costly equipment. This includes machinery for precise molding, curing, and bonding processes, which can be a barrier to widespread adoption. Moreover, achieving consistent quality and performance with advanced lightweight materials can be difficult.
By material, the global automotive lightweight materials market is segmented into metal, composite, plastic, and elastomer. The metal segment is set to garner the highest revenue by the end of 2037 by growing at a significant CAGR over the forecast period. The increasing usage of lightweight metals in electric cars' chassis and body components is responsible for the segment's rise.
Aluminum, magnesium, titanium, and high-strength steel are some metals. The need for metallic materials is predicted to rise because of the growing need for reliability in components such as instrument panels, underbody flooring, passenger compartment frames, chassis, and other regions. Since automotive metallic constructions are durable and sturdy, they enhance the vehicle's integrity.
By region, the Europe automotive lightweight materials market is to generate the highest revenue by the end of 2037. The stringent environmental regulations and the growing emphasis on eco-friendly vehicles have led to heightened demand for lightweight materials in the region. European manufacturers are among the pioneers in embracing lightweight technology, incorporating advanced composites and lightweight metals to minimize fuel consumption and reduce environmental footprint.
The burgeoning presence of multinational automakers in the region, coupled with significant suppliers of these materials, has propelled expansion within the industry. Moreover, the anticipated escalation in manufacturers' research and development expenditure is anticipated to catalyze growth in the automotive lightweight materials market.
This report also provides the existing competitive scenario of some of the key players which includes, BASF SE, Covestro AG, LyondellBasell Industries Holdings B.V., ArcelorMittal, ThyssenKrupp AG, Novelis, Inc., Alcoa Corporation, Owens Corning, Stratasys Ltd., Tata Steel Limited, and others.
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