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Automotive Lightweight Materials Market - Top Companies and Manufacturers

  • Report ID: 67
  • Published Date: Sep 13, 2024
  • Report Format: PDF, PPT

Companies Dominating the Automotive Lightweight Materials Landscape

    The majority of the automotive lightweight materials market share is held by a large number of producers in a highly competitive industry. Industry players utilize various crucial company tactics such as launching new products, obtaining approvals, making strategic acquisitions, and driving innovations to maintain and expand their global presence.

    • BASF SE
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Covestro AG
    • LyondellBasell Industries Holdings B.V.
    • ArcelorMittal
    • ThyssenKrupp AG
    • Novelis, Inc.
    • Alcoa Corporation
    • Owens Corning
    • Stratasys Ltd.
    • Tata Steel Limited
Browse Key Market Insights with Data Illustration:

In the News

  • In November 2023, Covestro and HiPhi, a Chinese premium electric vehicle brand, established a joint laboratory at the China International Import Expo (CIIE) to enhance low-carbon material solutions and smart mobility technology.
  • In April 2024, LyondellBasell announced a partnership with Hunan Huda Aisheng Group (AISN), a major automotive supplier in China. This collaboration intends to develop the first lightweight plastic engine hood applications for top domestic automobile manufacturers' NEV vehicles, propelling the automotive industry toward more integrated and lightweight designs.

Author Credits:  Saima Khursheed


  • Report ID: 67
  • Published Date: Sep 13, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing demand for vehicles and increasing initiatives to optimize fuel consumption are the major factors driving the market growth.

The market is anticipated to attain a significant CAGR over the forecast period, i.e., 2021-2029.

High production costs of lightweight material is a major factor estimated to hamper the market growth.

The market in the North America will provide the highest growth opportunities for the market during the forecast period on the back of increasing manufacturing and sale of passenger and electric cars.

The major players in the market are BASF SE, Covestro AG, LyondellBasell Industries Holdings B.V., TORAY INDUSTRIES, INC., thyssenkrupp AG, Novelis Group (Hindalco Industries Limited), Alcoa Corporation, Trinseo LLC, and others.
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