Introduction
Advanced material plays an important role in improving the fuel proficiency of new vehicles along with confirming high safety and performance. Light weight automobiles necessitate less energy in speeding up and surging vehicle’s efficacy compared to heavy vehicles and delivers lesser fuel consumption. Substituting cast steel and iron constituents with lightweight materials such as magnesium alloys, aluminum alloys, plastics, thermosetting composites and advanced high-strength steel (AHSS) help to decrease the complete heaviness of automobile's chassis.
Market Dynamics
Growing demand for less polluting vehicles and fuel efficient automobiles, stringent emission regulations are some of the major factors driving growth of this market. However, strength of the material is neglected at the time of manufacturing which can restraint growth of this market. Growth in sales of electric automobiles is expected to boost the market growth in near future. In addition, acceptances of automotive frame lightweight material in different vehicle types are also expected to propel growth of this market.
Market Classification
The market can be bifurcated on the basis of material type, application, component, vehicle type and geography. By material type, automotive frame lightweight material market can be segmented into metals, plastics, rubber, composites. Metals are further classified into aluminum, HSS and magnesium/titanium. Also, plastics are further classified into engineering plastics and high performance plastics. By application, automotive frame lightweight material market can be categorized into body-in white, chassis & suspension, powertrains and closure, interiors and others. By component, automotive frame lightweight material market can be segmented into frame, wheels, bumpers and fenders, engine and exhaust, doors and hoods and trunk lids. By vehicle type, automotive frame lightweight material market can be classified into ICE and EV. On the basis of geography, the automotive frame lightweight material market can be segmented into North America, Latin America, Europe, Middle East & Africa (MEA) and Asia-Pacific.
Report Coverage
Market |
Automotive Frame Lightweight Material Market |
Analysis Period |
2015 – 2026 |
Historic Data |
2015 – 2016 |
Base Year |
2017 |
Forecast Data |
2018 – 2026 |
Market Stratification |
Material Type, Application, Component, Vehicle Type, Geography |
Regional Scope |
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA) |
Report Coverage |
Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis, Player Profiling, Value Chain Analysis |
Market Participants
Some of the major players involved in automotive frame lightweight material market include BASF SE, ThyssenKrupp AG, Covestro AG, ArcelorMittal S.A., Lyondellbasell Industries N.V., Novelis Inc., Toray Industries Inc., PPG Industries, Inc, Alcoa Inc., and Owens Corning among others.
Market Segmentation
Market By Material Type
Market By Application
Market By Component
Market By Vehicle Type
Market By Geography