Automobile Lightweight Materials Market
Automobile Lightweight Materials Market Size and Growth
The Automobile Lightweight Materials market is expanding, driven by growing demand for fuel efficiency and emissions reduction. Valued at approximately $250 billion in 2023, the market is projected to reach $370 billion by 2030. Key trends include the adoption of advanced composites and aluminum, enhancing vehicle performance and sustainability.
Companies Covered
(Covid 19 Impact Covered)
◍ Faurecia
◍ Lear Corporation
◍ Grupo Antolin
◍ Magna International
◍ LyondellBasell Industries Holdings
◍ SABIC Group
◍ Reliance Industries
◍ BASF
◍ DowDuPont
◍ Lanxess
The Automobile Lightweight Materials Market features key players like Faurecia, Lear Corporation, and BASF, focusing on advanced materials like composites and plastics. These companies drive market growth through innovation, partnerships, and sustainable solutions.
- Faurecia: €17.8 billion (2022)
- Lear Corporation: $20.6 billion (2022)
- BASF: €87.3 billion (2022)
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Market Segmentation
By Application
Passenger Car
Commercial Vehicle
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By Product
Metal Alloys
High-strength Steel (HSS)
Market Growth
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$ X Billion USD
