Automotive Lightweight Materials Market: APAC Region Is Expected to Showcase Significant Growth By 2026

Speaking of the regional landscape, APAC automotive lightweight materials market is predicted to dominate the industry share over the forecast timespan. Japan and China would lead the market share of the region.

Increasing production of electric vehicles in these countries is a major factor responsible for market expansion in the region. In addition, incentive programs and promotional governmental policies are likely to boost electric vehicle demand. Apart from increased manufacturing, multimaterial design approaches incorporating advanced composites and plastics is likely to drive the overall market outlook.  

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Global automotive lightweight materials market has emerged as one of the most lucrative sectors in recent years. The industry is further set to witness exponential growth in the coming years. This growth can be attributed to the growing need for reducing GHG emissions across the world.

Meanwhile, the ever-increasing demand for manufacturing of electric vehicles would also likely augment the market share through 2026. Along with rising production, increasing requirements to follow fuel emission regulations to enhance efficiency would positively influence the market outlook. In fact, as per the U.S. CAFE (Corporate Average Fuel Economy) rules, automakers need to meet an economy of 54.5 mpg till 2025. In order to follow these norms, vehicle producers are finding alternative powertrains that comply with these fuel emission standards.

With respect to the material segment, UHSS (Ultra-High Strength Steel) and AHSS (Advanced High Strength Steel) are currently gaining significant traction in the industry. They are also predicted to generate considerable profits in the coming years. This growth can be accounted to improved performance of these high strength steels in crash energy management, superior strength, and lesser production cost.

Additionally, higher work and brake hardening capabilities are enabling enhanced formability. They are also presenting new opportunities for optimization of complex part geometries. Substantial advancements in material properties are attained through technologically advanced manufacturing procedures and multimaterial optimization.  Apart from this, performance characteristics of novel lightweight materials are precisely managed and monitored using new simulation techniques which further help decrease the prototyping costs. All these benefits would possibly push automotive lightweight materials market outlook through 2026. 

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Some Point from Table of Contents:

Chapter 6   Automotive Lightweight Materials Market, By Manufacturing Process

6.1    Global automotive lightweight materials market share by manufacturing process, 2019 & 2026

6.2    Casting

6.2.1    Global market estimates and forecasts, 2016 – 2026

6.2.2    Market estimates and forecast, by region, 2016 – 2026

6.3    Extrusion

6.3.1    Global market estimates and forecasts, 2016 – 2026

6.3.2    Market estimates and forecast, by region, 2016 – 2026

6.4    Forging

6.4.1    Global market estimates and forecasts, 2016 – 2026

6.4.2    Market estimates and forecast, by region, 2016 – 2026

6.5    Forming

6.5.1    Global market estimates and forecasts, 2016 – 2026

6.5.2    Market estimates and forecast, by region, 2016 – 2026

6.6    Open molding

6.6.1    Global market estimates and forecasts, 2016 – 2026

6.6.2    Market estimates and forecast, by region, 2016 – 2026

6.7    Closed molding

6.7.1    Global market estimates and forecasts, 2016 – 2026

6.7.2    Market estimates and forecast, by region, 2016 – 2026

Chapter 7   Automotive Lightweight Materials Market, By Vehicle

7.1    Global automotive lightweight materials market share by vehicle, 2019 & 2026

7.2    Internal combustion engine vehicles (ICEV)

7.2.1    Global market estimates and forecasts, 2016 – 2026

7.2.2    Market estimates and forecast, by region, 2016 – 2026

7.3    BEV

7.3.1    Global market estimates and forecasts, 2016 – 2026

7.3.2    Market estimates and forecast, by region, 2016 – 2026

7.4    HEV

7.4.1    Global market estimates and forecasts, 2016 – 2026

7.4.2    Market estimates and forecast, by region, 2016 – 2026

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