Pulished Date January, 2020
ID: 9110
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MEA Automotive Lightweight Materials 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: January, 2020
ID: 9110
Pages: 145

Product Description:

Automotive Lightweight materials are vital in vehicles to reduce weight, increase speed and fuel efficiency. These lightweight materials can replace the bulky, smooth materials previously used to build vehicle frames, thanks to their low material consumption, improved strength, low corrosion rate, and improved handling. Carbon fiber is one of the materials widely used by automotive companies around the world while reducing the weight of the vehicle and maintaining resistance. New materials play an essential role in increasing the competitiveness of new car fuel and ensuring high safety and performance. Light vehicles require less power to accelerate, increase vehicle efficiency compared to heavy vehicles and consume between 6 and 8% less fuel.

Market Overview

The Middle East and Africa (MEA) automotive lightweight materials market is expected to grow at an average annual rate of xx% from 2020 to 2025, and the market size is likely to increase from $ xx billion in 2020 to $ xx billion in 2025.

Recent Developments and Trends

In February 2019, Tata Steel Ltd. was named the eighth most ethical company in the world by the Ethisphere Institute. The company is recognized in the 'metals, minerals and mining' sector.

In September 2018, LANXESS, a German specialty chemicals company, announced on the Krefeld-Uerdingen site that it would build a new production unit to expand its global high-performance plastics production network. In the second half of 2019, they plan to produce Durethan and Pocan engineering plastics for the electronics and automotive industries.

In July 2018, LyondellBassel, a leader in the automotive light materials market, announced that it had made a deal with the Karlsruhe Institute of Technology to improve chemical recycling of plastic materials and support global efforts in recycling economics and recycling needs of plastic waste. The company acquired A. Shulman for $ 2.2 billion in February 2018.

Market Drivers 

The MEA Automotive Lightweight Material Market has witnessed a remarkable growth in recent years due to the rapid increase in automotive demand and strict government regulations and mandates in the automotive industry. Car manufacturers are increasingly choosing lightweight materials to reduce carbon emissions and increase vehicle efficiency.

In addition, the growing demand for fuel efficiency and the reduction of hazardous emissions is expected to support the market for light automotive materials in the near future. Some international organizations are working to reduce greenhouse gas emissions, primarily through the implementation of strict standards and guidelines in the industry.

The other factors that drive the market growth are significantly higher fuel efficiency, improved control, vehicle strength and service life, and reduced vehicle CO2 emissions. As the transport sector accounts for 23% of total global CO2 emissions, car manufacturers have adopted Automotive Lightweight materials to control further pollution, which boosts the market growth.

Restraints

The higher price of light materials, such as carbon fiber and composites, than ordinary materials, increases the overall cost of the vehicle, which limits the market growth. However, the effect of this restriction is foreseen to diminish further in several research facilities that study low-cost alternatives.

Market Segmentation

By Material Type

Based on the material type, the Middle East and Africa automotive lightweight materials market is divided into metals, plastics and composites, of which the category of metals is expected to continue dominating the market in future. This can be due to the increasing adoption of aluminum and high strength materials. Moreover, the composites segment is estimated to witness a noteworthy growth rate in the forecast period.

By Application

Depending on the application, the Middle East and Africa lightweight automotive materials market is divided into the interior, exterior and under the bonnet. 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 foreseen 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 MEA automotive lightweight material market is segmented as ICE, Electric and Hybrid. The electric and hybrid vehicles are predicted to register a tremendous growth rate in the proposed years, attributing to the rise in government initiatives and demand for such vehicles across the area.

Regional Analysis

Saudi Arabia is the largest market for Automotive Lightweight Materials in the Middle East and accounts for approximately 40% of all revenue in the region. In 2019, Saudi Arabia imported more than one million lightweight vehicles, including passenger cars, commercial vehicles and light trucks. Saudi Arabia remains a significant market for American car manufacturers. South Africa in the African region is another profitable market for the leading product manufacturers.

Key Players

The main players in the MEA Automotive Lightweight Material Market include Alcoa Inc., LyondellBasell Industries N.V., ThyssenKrupp AG, Owens Corning and Toray Industries Inc.

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 By Component, By Application, and 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 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
  1. Middle East and Africa Automotive Lightweight Material Market By Material Type, From 2020-2025 ( USD Billion )
  2. Middle East and Africa Metal Market By Region, From 2020-2025 ( USD Billion )
  3. Middle East and Africa Plastics Market By Region, From 2020-2025 ( USD Billion )
  4. Middle East and Africa Composites Market By Region, From 2020-2025 ( USD Billion )
  5. Middle East and Africa Automotive Lightweight Material Market By Application, From 2020-2025 ( USD Billion )
  6. Middle East and Africa Under Bonnet Market By Region, From 2020-2025 ( USD Billion )
  7. Middle East and Africa Interior Market By Region, From 2020-2025 ( USD Billion )
  8. Middle East and Africa Exterior Market By Region, From 2020-2025 ( USD Billion )
  9. Middle East and Africa Automotive Lightweight Material Market By Component, From 2020-2025 ( USD Billion )
  10. Middle East and Africa Frame Market By Region, From 2020-2025 ( USD Billion )
  11. Middle East and Africa Engine Market By Region, From 2020-2025 ( USD Billion )
  12. Middle East and Africa Exhaust Market By Region, From 2020-2025 ( USD Billion )
  13. Middle East and Africa Transmission Market By Region, From 2020-2025 ( USD Billion )
  14. Middle East and Africa Closure Market By Region, From 2020-2025 ( USD Billion )
  15. Middle East and Africa Interior Market By Region, From 2020-2025 ( USD Billion )
  16. Middle East and Africa Automotive Lightweight Material Market By Vehicle Type, From 2020-2025 ( USD Billion )
  17. Middle East and Africa ICE Market By Region, From 2020-2025 ( USD Billion )
  18. Middle East and Africa Electric Market By Region, From 2020-2025 ( USD Billion )
  19. Middle East and Africa Hybrid Market By Region, From 2020-2025 ( USD Billion )
  20. Middle East Automotive Lightweight Material Market By Material Type, From 2020-2025 ( USD Billion )
  21. Middle East Automotive Lightweight Material Market By Application, From 2020-2025 ( USD Billion )
  22. Middle East Automotive Lightweight Material Market By Component, From 2020-2025 ( USD Billion )
  23. Middle East Automotive Lightweight Material Market By Vehicle Type, From 2020-2025 ( USD Billion )
  24. Africa Automotive Lightweight Material Market By Material Type, From 2020-2025 ( USD Billion )
  25. Africa Automotive Lightweight Material Market By Application, From 2020-2025 ( USD Billion )
  26. Africa Automotive Lightweight Material Market By Component, From 2020-2025 ( USD Billion )
  27. Africa Automotive Lightweight Material Market By Vehicle Type, From 2020-2025 ( USD Billion )

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