Global Automotive Lightweight Material Market Size, Trends and Growth Opportunity, By Material (Metal, Composite, Plastic, Elastomer), Application (Body in White, Chassis and Suspension, Powertrain, Closures, Interiors, Others), Component (Frame, Wheel, Bumper & Fender, Engine & Exhaust, Transmission, Doors, Hood & Trunk Lid, Seats, Instrument Panel, Fuel Tank), Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle), Electric and Hybrid Vehicle Type (Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-In Hybrid Electric Vehicle, Electric Truck, Electric Bus), By Region and Forecast Till 2027.
Global Automotive Lightweight Material Market
Global Automotive Lightweight Material Market was valued at USD 68.1 billion in 2021 and is slated to reach at USD 101.5 billion by 2027 at a CAGR of 6.5 % from 2022-2027.
Automotive lightweight materials are primarily used to replace cast iron and traditional steel components in a variety of vehicle types, including electric, plug-in hybrid, and hybrid electric vehicles. They are used in structural components that enable vehicles to be outfitted with advanced safety devices, integrated electronic systems, and emission control systems. Lightweight materials used in automobiles reduce the weight of power systems such as electric motors and batteries while increasing efficiency and all-electric range. In the automotive industry, high-strength steel, aluminium alloys, polymer composites, carbon fibre, magnesium alloys, and other lightweight materials are commonly used.
Market Drivers
Automotive manufacturers are focusing on developing lighter and more efficient materials to improve the fuel economy of vehicles and address environmental concerns. The use of lightweight materials in vehicle manufacturing improves fuel efficiency by reducing the car's weight. Due to increasing fuel prices, there is a growing demand for lighter vehicles. The government's regulations on emission control are also driving the adoption of lightweight vehicles. The emission criteria vary across regions, and vehicle weight is a significant factor in these criteria. For instance, the US and Canada base their criteria on vehicle size, which necessitates the use of aluminium in the car body. Meanwhile, the rest of the world relies on vehicle weight, which requires the use of high-strength steel. Many leading automakers such as Toyota, General Motors, Volkswagen Group, Fiat Chrysler Automobiles, Bavarian Motor Works, Renault, and The launch of forthcoming electric vehicles by Tata Motors is anticipated to boost demand for lightweight materials throughout the forecast period.
Market Restraints
The cost of lightweight materials such as carbon fibre reinforced plastics (CFRP) and glass fibre reinforced plastics (GFRP) is significantly higher than traditional materials like steel and aluminium. This makes the adoption of lightweight materials a challenging proposition for manufacturers. Another challenge is the difficulty in joining dissimilar materials, which is required when incorporating lightweight materials into vehicle designs.
Impact of COVID-19
The COVID-19 pandemic has had a significant impact on the global economy, causing a decrease in sales and production across industries, including the automotive lightweight materials market. These materials are essential components of automobiles, but the pandemic has disrupted supply chains and led to the closure of manufacturing units and factories, resulting in reduced production. Although the lockdowns may eventually be lifted, it will take some time for normal production to resume. As a result, the global market for automotive lightweight materials will keep on growing despite the demand reduction in the second quarter of 2020.
Recent Developments
In October 2022, Lyondellbasell Industries Holdings B.V. developed a new PP compound material that reduced vehicle weight by 10kg. This material can be used to foam parts, reduce material density, thin out parts, and even serve as a metal substitute. Additionally, it eliminates the need for car paint.
In August 2022, Toray Industries, Inc. released a 3D printer capable of producing high-strength and precise designs for heat-resistant automotive parts, power tools, and other equipment.
Market Segmentation
The market for lightweight automotive materials is divided into segments for material, application, component, vehicle type, and electric and hybrid vehicle types. By using a material like elastomer, plastic, metal, or composite. By use, such as white body, chassis and suspension, drivetrain, door hardware, interiors, and others. By part, such as the frame, wheel, bumper, and fender; the engine and exhaust; the transmission; the doors, hood, and trunk lid; the seats; the instrument panel; and the fuel tank. A passenger car, a light commercial vehicle, or a heavy commercial truck, for example. By the type of electric or hybrid vehicle, such as a battery electric car, a hybrid car, a plug-in hybrid car, an electric truck, or an electric bus.
Regional Analysis
The automotive lightweight material market is segmented into five regions Americas, Europe, Asia-Pacific, and the Middle East & Africa. Asia-Pacific accounts for a sizable share of the global automotive lightweight materials market. The automotive lightweight materials market in China and Japan is anticipated to grow quickly during the forecast period as a result of the expansion of these nations' automotive industries. China is the largest consumer of automotive lightweight materials in Asia Pacific. The Middle East and Africa, as well as Latin America, are emerging markets for automotive lightweight materials. Lightweight vehicles are in high demand in the Middle East, Africa, and Latin America.

Key Players
This report includes a list of numerous key players, namely Autokiniton (U.S.), BENTELER (Germany), Meleghy Automotive GmbH & Co. KG (Germany), Shiloh Industries (U.S.), Unipres Corporation (Japan), ACMA India (India), Pillar Innovations (U.S.), NVH KOREA INC. (South Korea), SMR Deutschland GmbH (Germany), HUTCHINSON (France).
Market Taxonomy  
By Material
• Metal
• Composite
• Plastic
• Elastomer
By Application
• Body in White
• Chassis and Suspension
• Powertrain
• Closures
• Interiors
• Others
By Component
• Frame
• Wheel
• Bumper & Fender
• Engine & Exhaust
• Transmission
• Doors
• Hood & Trunk Lid
• Seats
• Instrument Panel
• Fuel Tank
By Vehicle type
• Passenger Vehicle
• Light Commercial Vehicle
• Heavy Commercial Vehicle
By Electric and Hybrid Vehicle type
• Battery Electric Vehicle
• Hybrid Electric Vehicle
• Plug-In Hybrid Electric Vehicle
• Electric Truck
• Electric Bus
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa.

Global Automotive Lightweight Material Market 
1 Introduction 
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Automotive Lightweight Material Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Automotive Lightweight Material Market, By Material
5.1 Y-o-Y Growth Comparison, By Material
5.2 Global Automotive Lightweight Material Market Share Analysis, By Material
5.3 Global Automotive Lightweight Material Market Size and Forecast, By Material
5.3.1 Metal
5.3.2 Composite
5.3.3 Plastic
5.3.4 Elastomer
6 Global Automotive Lightweight Material Market, By Component
6.1 Y-o-Y Growth Comparison, By Component
6.2 Global Automotive Lightweight Material Market Share Analysis, By Component
6.3 Global Automotive Lightweight Material Market Share Analysis, By Component
6.3.1 Frame
6.3.2 Wheel
6.3.3 Bumper & Fender
6.3.4 Engine & Exhaust
6.3.5 Transmission
6.3.6 Doors
6.3.7 Hood & Trunk Lid
6.3.8 Seats
6.3.9 Instrument Panel
6.3.10 Fuel Tank
7.Global Automotive Lightweight Material Market , By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global Automotive Lightweight Material Market Share Analysis, By Application
7.3 Global Automotive Lightweight Material Market Share Analysis, By Application
7.3.1 Body in White
7.3.2 Chassis and Suspension
7.3.3 Powertrain
7.3.4 Closures
7.3.5 Interiors
7.3.6 Others 
8.Global Automotive Lightweight Material Market , By Vehicle type
8.1 Y-o-Y Growth Comparison, By Vehicle type
8.2 Global Automotive Lightweight Material Market Share Analysis, By Vehicle type
8.3 Global Automotive Lightweight Material Market Share Analysis, By Vehicle type
8.3.1 Passenger Vehicle
8.3.2 Light Commercial Vehicle
8.3.3 Heavy Commercial Vehicle
9.Global Automotive Lightweight Material Market , By Electric and Hybrid Vehicle type
9.1 Y-o-Y Growth Comparison, By Electric and Hybrid Vehicle type
9.2 Global Automotive Lightweight Material Market Share Analysis, By Electric and Hybrid Vehicle type
9.3.1 Battery Electric Vehicle
9.3.2 Hybrid Electric Vehicle
9.3.3 Plug-In Hybrid Electric Vehicle
9.3.4 Electric Truck
9.3.5 Electric Bus
10 Global Automotive Lightweight Material Market, By Region
10.1 Global Automotive Lightweight Material Market Share Analysis, By Region
10.2 Global Automotive Lightweight Material Market Share Analysis, By Region
11 North America Medical Drones and Forecast (2022-2027)
11.1 Introduction
11.2 North America Automotive Lightweight Material Market Share Analysis, By Material
11.3 North America Automotive Lightweight Material Size and Forecast, By Component
11.4 North America Automotive Lightweight Material Market Size and Forecast, By Application
11.5 North America Automotive Lightweight Material Market Size and Forecast, By Vehicle type
11.6 North America Automotive Lightweight Material Market Share Analysis, By Electric and Hybrid Vehicle type
11.7 North America Automotive Lightweight Material Market Size and Forecast, By Country
11.7.1 U.S
11.7.2 Canada
11.7.3 Mexico
12 Europe Automotive Lightweight Material Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Europe Automotive Lightweight Material Market Share Analysis, By Material
12.3 Europe Automotive Lightweight Material Market Size and Forecast, By Component
12.4 Europe Automotive Lightweight Material Market Size and Forecast, By Application
12.5 Europe Automotive Lightweight Material Market Size and Forecast, By Vehicle type
12.6 Europe Automotive Lightweight Material Market Share Analysis, By Electric and Hybrid Vehicle type
10.7 Europe Automotive Lightweight Material Market Size and Forecast, By Country
12.7.1 Germany
12.7.2 France
12.7.3 UK
12.7.4 Rest of Europe
13 Asia Pacific Automotive Lightweight Material Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Asia-Pacific Automotive Lightweight Material Market Size and Forecast, By Material
13.3 Asia-Pacific Automotive Lightweight Material Market Size and Forecast, By Component
13.4 Asia-Pacific Automotive Lightweight Material Market Size and Forecast, By Application
13.5 Asia-Pacific Automotive Lightweight Material Market Size and Forecast, By Vehicle type
13.6 Asia-Pacific Automotive Lightweight Material Market Share Analysis, By Electric and Hybrid Vehicle type
11.7 Asia-Pacific Automotive Lightweight Material Market Size and Forecast, By Country
11.7.1 China 
11.7.2 Japan
11.7.3 India
11.5.4. Rest of Asia Pacific
14 Latin America Automotive Lightweight Material Market Analysis and Forecast (2022-2027)
14.1 Introduction
14.2 Latin America Automotive Lightweight Material Market Size and Forecast, By Material
14.3 Latin America Automotive Lightweight Material Market Size and Forecast, By Component
14.4 Latin America Automotive Lightweight Material Market Size and Forecast, By Application
14.5 Latin America Automotive Lightweight Material Market Size and Forecast, By Vehicle type
14.6 Latin America Automotive Lightweight Material Market Share Analysis, By Electric and Hybrid Vehicle type
14.7 Latin America Automotive Lightweight Material Market Size and Forecast, By Country
14.7.1 Brazil
14.7.2.Rest of Latin America
15 Middle East Automotive Lightweight Material Market Analysis and Forecast (2022-2027)
15.1 Introduction
15.2 Middle East Automotive Lightweight Material Market Share Analysis, By Material
15.3 Middle East Automotive Lightweight Material Market Size and Forecast, By Component
15.4 Middle East Automotive Lightweight Material Market Size and Forecast, By Application
15.5 Middle East Automotive Lightweight Material Market Size and Forecast, By Vehicle type
15.6 Middle East Automotive Lightweight Material Market Share Analysis, By Electric and Hybrid Vehicle type
15.7 Middle East Automotive Lightweight Material Market Size and Forecast, By Country
15.7.1. Saudi Arabia
15.7.2. UAE
15.7.2. Egypt
15.7.4. Kuwait
15.7.5. South Africa
16 Competitive Analysis
16.1 Competition Dashboard
16.2 Market share Analysis of Top Vendors
16.3 Key Development Strategies
17 Company Profiles
17.1. Autokiniton (U.S.)
17.1.1 Overview
17.1.2 Offerings
17.1.3 Key Financials
17.1.4 Business Segment & Geographic Overview
17.1.5 Key Market Developments
17.1.6 Key Strategies
17.2. BENTELER (Germany)
17.2.1 Overview
17.2.2 Offerings
17.2.3 Key Financials
17.2.4 Business Segment & Geographic Overview
17.2.5 Key Market Developments
17.2.6 Key Strategies
17.3. Meleghy Automotive GmbH & Co. KG (Germany)
17.3.1 Overview
17.3.2 Offerings
17.3.3 Key Financials
17.3.4 Business Segment & Geographic Overview
17.3.5 Key Market Developments
17.3.6 Key Strategies
17.4. Shiloh Industries (U.S.)
17.4.1 Overview
17.4.2 Offerings
17.4.3 Key Financials
17.4.4 Business Segment & Geographic Overview
17.4.5 Key Market Developments
17.4.6 Key Strategies
17.5. Unipres Corporation (Japan)
17.5.1 Overview
17.5.2 Offerings
17.5.3 Key Financials
17.5.4 Business Segment & Geographic Overview
17.5.5 Key Market Developments
17.5.6 Key Strategies
17.6. ACMA India (India)
17.6.1 Overview
17.6.2 Offerings
17.6.3 Key Financials
17.6.4 Business Segment & Geographic Overview
17.6.5 Key Market Developments
17.6.6 Key Strategies
17.7. Pillar Innovations (U.S.)
17.7.1 Overview
17.7.2 Offerings
17.7.3 Key Financials
17.7.4 Business Segment & Geographic Overview
17.7.5 Key Market Developments
17.7.6 Key Strategies
17.8. NVH KOREA INC. (South Korea)
17.8.1 Overview
17.8.2 Offerings
17.8.3 Key Financials
17.8.4 Business Segment & Geographic Overview
17.8.5 Key Market Developments
17.8.6 Key Strategies
17.9. SMR Deutschland GmbH (Germany)
17.9.1 Overview
17.9.2 Offerings
17.9.3 Key Financials
17.9.4 Business Segment & Geographic Overview
17.9.5 Key Market Developments
17.9.6 Key Strategies
17.10. HUTCHINSON (France)
17.10.1 Overview
17.10.2 Offerings
17.10.3 Key Financials
17.10.4 Business Segment & Geographic Overview
17.10.5 Key Market Developments
17.10.6 Key Strategies