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Pulished Date February, 2020
ID: 9101
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Europe Automotive Lightweight Material Market by Material Type (Metal, Composite, Plastic, Elastomer), Application (Under Bonnet, Interior and Exterior), Component (Frame, Engine, Exhaust, Transmission, Closure, Interior), Vehicle Type (ICE, Electric & Hybrid), Region – Forecast to 2025

Pulished: February, 2020
ID: 9101
Pages: 145

Product Description:

Lightweight materials are used in cars to reduce their weight and increase speed and fuel efficiency. These lightweight materials are a suitable replacement for the heavy generic metals that were previously used to build the vehicle chassis, owing to advantages such as lower material consumption, higher strength, moderate corrosion rate and better manoeuvrability. Carbon fiber is one of those materials widely used by automakers around the world, as it helps reduce the weight of the vehicle while maintaining strength.

Market overview:

Europe automotive lightweight material market is expected to grow at an annual compound rate of around 6% from 2020 to 2025. The strict government regulations to reduce carbon emissions from vehicles stimulates the growth of lightweight automotive materials in Europe.

Advanced materials play an essential role in the fuel competition of new cars with a guarantee of safety and high performance. Light vehicles need less acceleration power and also increase vehicle efficiency compared to heavier cars.

Recent developments:

• In January 2019, Toray Industries, Inc. announced the opening ceremony of Automotive Center Europe (AMCEU), established in the suburbs of Munich, Germany, on January 25, 2019, with guests representing the government of the state of Bavaria, level 1 car manufacturers and automotive suppliers. The facility will serve as the technological development base for the Toray Group to expand its green innovation (GR) activities in Europe. Toray's GR activity is at the forefront of environmental constraints, taking advantage of the Group's highly functional materials, as well as its advanced automotive technologies.

• In April 2019, Novelis Inc. announced that it would supply Toyota Motor Corporation with high-quality body aluminum sheet for the new 2019 Toyota RAV4. The RAV4 is Toyota's number one vehicle for sale and the truck without truck Sold in the countryside. With a new and improved design that includes Novelis aluminum on the hood, fenders and tailgate, the fifth-generation RAV4 is 4% lighter than previous models.

Drivers, Opportunities and Restraints:

Drivers:

The main factors that drive the growth of the Europe automotive lightweight materials market are strict rules and regulations regarding emissions and fuel savings and an increase in government initiatives to reduce vehicle weight. The increase in the manufacturing of aeronautical modules and the increase in the penetration of light elements to reinforce the needs of other light materials, including improved compounds, stimulate the development of the market of light materials for the automobiles in Europe. 

Opportunities:

The growing demand for these materials by developing countries and the trend in the electrification of vehicles should offer significant growth opportunities for the market for light automotive elements in the near future.

Restraints:

The main factor that limits the growth of the market for lightweight automotive materials is the high cost of raw materials such as carbon fiber, titanium and magnesium. Therefore, equipment manufacturers in emerging countries that rely more on economic passenger cars, which use conventional materials such as plastics and high-strength steel when combined with high-end metals such as titanium and magnesium. Also, the limited accessibility of raw materials, especially titanium in developing countries, as found in the earth's crust.

Market segmentation:

By Material Type:

Depending on the type of material, Europe automotive lightweight materials market is classified into Metals, Plastics and Composites, where the category of metals is expected to continue dominating the market in the near future. This can be attributed to the high adoption of aluminum and high strength materials. Also, the market is likely to experience the highest demand for composite materials during the forecast period due to its exceptional physical and mechanical properties, as well as its high durability.

By Application:

Based on the application, Europe automotive lightweight materials market is divided into Under Bonnet, Interior and Exterior. Of these, the under-bonnet segment accounts for the prominent share and is predicted to expand with the same growth rate in the coming years.

By Component:

On the basis of component, the regional market is segmented as Frame, Engine, Exhaust, Transmission, Closure, and Interior. Among these, the engine segment is estimated to continue its lead in the foreseen years, attributing to the need for highly efficient engine performance with the adoption of fewer weight components.

By Vehicle Type:

Based on the vehicle type, the European automotive lightweight material market is divided as ICE, Electric and Hybrid. The electric and hybrid vehicles will witness tremendous growth rate in the projected years, owing to the rising government initiatives and mounting production of such vehicles across the region.

Regional Analysis:

Europe is the second-largest market for automotive lightweight materials in the world, and this can be attributed to the growing focus of European governments in reducing carbon dioxide emissions and the focus of automotive companies on improving the fuel economy of vehicles. Germany is a noteworthy nation in Europe that contributes significantly to this business.

Key Players:

  • BASF SE
  • Lyondellbasell Industries N.V.
  • Diamler
  • Ford Corporation
  • BMW Motors
  • Toray Industries, Inc.
  • Bayer A.G.
  • Covestro AG
  • ArcelorMittal
  • Thyssenkrupp AG
  • SABIC
  • Novelis Inc.
  • Owens Corning Corporation
  • PPG industries, Inc.

The research report highlights:

• Comprehensive context analysis, which includes an evaluation of the parent market

• Significant changes in market dynamics.

• Market segmentation in the second or third level.

• Historical market size, current and projected in terms of value and volume.

• Reports and evaluation of recent industry developments.

• Market shares and strategies of the main actors.

• Niche of emerging segments and regional markets.

1. Introduction                                

               1.1 Market Definition                    

               1.2 Scope of the report                

               1.3 Study Assumptions                  

               1.4 Base Currency, Base Year and Forecast Periods                         

2. Research Methodology                                          

               2.1 Analysis Design                        

               2.2 Research Phases                      

                              2.2.1 Secondary Research           

                              2.2.2 Primary Research 

                              2.2.3 Data Modelling      

                              2.2.4 Expert Validation  

               2.3 Study Timeline                         

3. Report Overview                                       

               3.1 Executive Summary                

               3.2 Key Inferencees                       

4. Market Dynamics                                     

               4.1 Impact Analysis                        

                              4.1.1 Drivers      

                              4.1.2 Restaints  

                              4.1.3 Opportunities         

               4.2 Regulatory Environment                      

               4.3 Technology Timeline & Recent Trends                           

5. Competitor Benchmarking Analysis                                   

               5.1 Key Player Benchmarking                     

                              5.1.1 Market share analysis        

                              5.1.2 Products/Service   

                              5.1.3 Regional Presence

               5.2 Mergers & Acquistion Landscape                     

               5.3 Joint Ventures & Collaborations                       

6. Market Segmentation                                            

               6.1 Automotive Lightweight Material Market, By Material Type                 

                              6.1.1 Metal        

                              6.1.2 Composites            

                              6.1.3 Plastic       

                              6.1.4 Market Size Estimations & Forecasts (2019-2024)   

                              6.1.5 Y-o-Y Growth Rate Analysis              

                              6.1.6 Market Attractiveness Index           

               6.2 Automotive Lightweight Material Market, By Application                      

                              6.2.1 Under Bonnet        

                              6.2.2 Interior     

                              6.2.3 Exterior    

                              6.2.4 Market Size Estimations & Forecasts (2019-2024)   

                              6.2.5 Y-o-Y Growth Rate Analysis              

                              6.2.6 Market Attractiveness Index           

               6.3 Automotive Lightweight Material Market, By Component                     

                              6.3.1 Frame       

                              6.3.2 Engine      

                              6.3.3 Exhaust    

                              6.3.4 Transmission          

                              6.3.5 Closure     

                              6.3.6 Interior     

                              6.3.7 Market Size Estimations & Forecasts (2019-2024)   

                              6.3.8 Y-o-Y Growth Rate Analysis              

                              6.3.9 Market Attractiveness Index           

               6.4 Automotive Lightweight Material Market, By Vehicle Type                   

                              6.4.1 ICE             

                              6.4.2 Electric     

                              6.4.3 Hybrid       

                              6.4.4 Market Size Estimations & Forecasts (2019-2024)   

                              6.4.5 Y-o-Y Growth Rate Analysis              

                              6.4.6 Market Attractiveness Index           

7. Geographical Landscape                                        

               7.1 Global Identity Governance and Administration Market, by Region                   

               7.2 North America - Market Analysis (2018 - 2024)                          

                              7.2.1 By Country              

                                             7.2.1.1 USA

                                             7.2.1.2 Canada

                              7.2.2 By Material Type  

                              7.2.3 By Application        

                              7.2.4 By Component       

                              7.2.5 By Vehicle Type     

               7.3 Europe                        

                              7.3.1 By Country              

                                             7.3.1.1 UK

                                             7.3.1.2 France

                                             7.3.1.3 Germany

                                             7.3.1.4 Spain

                                             7.3.1.5 Italy

                                             7.3.1.6 Rest of Europe

                              7.3.2 By Material Type  

                              7.3.3 By Application        

                              7.3.4 By Component       

                              7.3.5 By Vehicle Type     

               7.4 Asia Pacific                 

                              7.4.1 By Country              

                                             7.4.1.1 China

                                             7.4.1.2 India

                                             7.4.1.3 Japan

                                             7.4.1.4 South Korea

                                             7.4.1.5 South East Asia

                                             7.4.1.6 Australia & NZ

                                             7.4.1.7 Rest of Asia-Pacific

                              7.4.2 By Material Type  

                              7.4.3 By Application        

                              7.4.4 By Component       

                              7.4.5 By Vehicle Type     

               7.5 Latin America                           

                              7.5.1 By Country              

                                             7.5.1.1 Brazil

                                             7.5.1.2 Argentina

                                             7.5.1.3 Mexico

                                             7.5.1.4 Rest of Latin America

                              7.5.2 By Material Type  

                              7.5.3 By Application        

                              7.5.4 By Component       

                              7.5.5 By Vehicle Type     

               7.6 Middle East and Africa                         

                              7.6.1 By Country              

                                             7.6.1.1 Middle East

                                             7.6.1.2 Africa

                              7.6.2 By Material Type  

                              7.6.3 By Application        

                              7.6.4 By Component       

                              7.6.5 By Vehicle Type     

8. Key Player Analysis                                   

               8.1 BASF SE                       

                              8.1.1 Business Description           

                              8.1.2 Products/Service   

                              8.1.3 Financials 

                              8.1.4 SWOT Analysis       

                              8.1.5 Recent Developments        

                              8.1.6 Analyst Overview  

               8.2 Diamler                       

               8.3 BMW Motors                           

               8.4 Lyondellbasell Industries N.V.                           

               8.5 Covestro AG                             

               8.6 ArcelorMittal                            

               8.7 Thyssenkrupp AG                    

               8.8 Toray Industries, Inc.                            

               8.9 Ford Corporation                    

               8.10 Bayer AG                  

9. Market Outlook & Investment Opportunities                                 

Appendix                                          

               List of Tables                    

               List of Figures                   

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of market by type, by material, by application along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

Europe Automotive Lightweight Material Market By Material Type, From 2020-2025 ( USD Billion )

Europe Metal Market By Region, From 2020-2025 ( USD Billion )

Europe Plastics Market By Region, From 2020-2025 ( USD Billion )

Europe Composites Market By Region, From 2020-2025 ( USD Billion )

Europe Automotive Lightweight Material Market By Application, From 2020-2025 ( USD Billion )

Europe Under Bonnet Market By Region, From 2020-2025 ( USD Billion )

Europe Interior Market By Region, From 2020-2025 ( USD Billion )

Europe Exterior Market By Region, From 2020-2025 ( USD Billion )

Europe Automotive Lightweight Material Market By Component, From 2020-2025 ( USD Billion )

Europe Frame Market By Region, From 2020-2025 ( USD Billion )

Europe Engine Market By Region, From 2020-2025 ( USD Billion )

Europe Exhaust Market By Region, From 2020-2025 ( USD Billion )

Europe Transmission Market By Region, From 2020-2025 ( USD Billion )

Europe Closure Market By Region, From 2020-2025 ( USD Billion )

Europe Interior Market By Region, From 2020-2025 ( USD Billion )

Europe Automotive Lightweight Material Market By Vehicle Type, From 2020-2025 ( USD Billion )

Europe ICE Market By Region, From 2020-2025 ( USD Billion )

Europe Electric Market By Region, From 2020-2025 ( USD Billion )

Europe Hybrid Market By Region, From 2020-2025 ( USD Billion )

U.K. Automotive Lightweight Material Market By Material Type, From 2020-2025 ( USD Billion )

U.K. Automotive Lightweight Material Market By Application, From 2020-2025 ( USD Billion )

U.K. Automotive Lightweight Material Market By Component, From 2020-2025 ( USD Billion )

U.K. Automotive Lightweight Material Market By Vehicle Type, From 2020-2025 ( USD Billion )

Germany Automotive Lightweight Material Market By Material Type, From 2020-2025 ( USD Billion )

Germany Automotive Lightweight Material Market By Application, From 2020-2025 ( USD Billion )

Germany Automotive Lightweight Material Market By Component, From 2020-2025 ( USD Billion )

Germany Automotive Lightweight Material Market By Vehicle Type, From 2020-2025 ( USD Billion )

France Automotive Lightweight Material Market By Material Type, From 2020-2025 ( USD Billion )

France Automotive Lightweight Material Market By Application, From 2020-2025 ( USD Billion )

France Automotive Lightweight Material Market By Component, From 2020-2025 ( USD Billion )

France Automotive Lightweight Material Market By Vehicle Type, From 2020-2025 ( USD Billion )

Italy Automotive Lightweight Material Market By Material Type, From 2020-2025 ( USD Billion )

Italy Automotive Lightweight Material Market By Application, From 2020-2025 ( USD Billion )

Italy Automotive Lightweight Material Market By Component, From 2020-2025 ( USD Billion )

Italy Automotive Lightweight Material Market By Vehicle Type, From 2020-2025 ( USD Billion )

Spain Automotive Lightweight Material Market By Material Type, From 2020-2025 ( USD Billion )

Spain Automotive Lightweight Material Market By Application, From 2020-2025 ( USD Billion )

Spain Automotive Lightweight Material Market By Component, From 2020-2025 ( USD Billion )

Spain Automotive Lightweight Material Market By Vehicle Type, From 2020-2025 ( USD Billion )

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