Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Automotive Lightweight Materials Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
How Will the Automotive Lightweight Materials Market Grow Between 2024 and 2025?
The market size of the automotive lightweight materials has seen considerable growth recently. The market expanded from $120.2 billion in 2024 to $129.42 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.7%.
How Much Will the Automotive Lightweight Materials Market Be Worth in 2029?
In 2029, the market size of automotive lightweight materials is projected to reach $177.57 billion. The compound annual growth rate (CAGR) is forecasted to be 8.2%.
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Which Automotive Lightweight Materials Market Drivers Are Linked to Revenue Growth?
The key drivers in the automotive lightweight materials market are:
• Increasing adoption of sustainable and eco-friendly solutions
• Rapid urbanization leading to preference for compact vehicle designs
• Expansion of automotive production on a global scale
• Shift towards autonomous vehicles and rising focus on electric mobility solutions
Which Segments Are Expected to Grow in the Automotive Lightweight Materials Market?
The automotive lightweight materials market covered in this report is segmented –
1) By Material Type: Metals, Composites, Plastics, Elastomer
2) By Vehicle Type: Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle
3) By Application: Body In White, Chassis And Suspension, Powertrain, Closures, Interiors, Other Applications
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What Are The Key Trends Impacting Growth In The Global Automotive Lightweight Materials Market?
The key trends in the automotive lightweight materials market are:
• The market is moving towards sustainable and eco-friendly solutions.
• Innovations in material technology are a significant emerging trend.
• The adoption of electric vehicles is massively influencing the market.
• There is an increasing focus on vehicle's performance and safety.
Who Are the Key Competitors in the Global Automotive Lightweight Materials Market?
Major players in the automotive lightweight materials market are:
• BASF SE
• ArcelorMittal SA
• Pohang Iron and Steel Company
• Saint-Gobain SA
• Saudi Basic Industries Corporation
• LyondellBasell Industries Holdings B.V.
• ThyssenKrupp AG
• Mitsubishi Chemical Corporation
• 3M Company
• Tata Steel Company
• Henkel AG & Co.
• Covestro AG
• Toray Industries Inc.
• Novelis Inc.
• DuPont De Nemours and Company
• Alcoa Corporation
• Owens Corning Fiberglass Company
• Huntsman Corporation
• Teijin Limited
• Lanxess AG
• AK Steel Corporation
• Borealis AG
• SGL Carbon Graphite Technic Co. Ltd.
• Stratasys Ltd.
• Aleris Corporation
• WHB Brasil Automotive
• NovaCentrix Corp.
• Vorbeck Materials Corporation Inc.
• Intrinsiq Materials Inc.
Where Is the Automotive Lightweight Materials Market Growing Fastest Between 2025 and 2029?
Europe was the largest region in the automotive lightweight materials market in 2024
