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Electric Vehicle Lightweight Materials Market Report 2025

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    Report

  • 200 Pages
  • February 2025
  • Region: Global
  • The Business Research Company
  • ID: 5790499
The electric vehicle lightweight materials market size has grown exponentially in recent years. It will grow from $8.82 billion in 2024 to $11.4 billion in 2025 at a compound annual growth rate (CAGR) of 29.3%. The growth in the historic period can be attributed to fuel efficiency and range optimization, stringent emission standards, increased consumer awareness, cost reduction in manufacturing, focus on sustainability, urbanization and traffic efficiency, advancements in composite manufacturing.

The electric vehicle lightweight materials market size is expected to see exponential growth in the next few years. It will grow to $30.15 billion in 2029 at a compound annual growth rate (CAGR) of 27.5%. The growth in the forecast period can be attributed to increasing range expectations, expansion of charging infrastructure, rising demand for affordable EVs, integration of autonomous driving, improved energy density in batteries, enhanced performance requirements, emergence of energy-efficient materials. Major trends in the forecast period include technological innovations in materials, innovations in battery technologies, integration of nanostructured materials, lightweight design software, thermal management materials, collaborations for material innovation.

The increasing adoption of electric vehicles (EVs) is projected to enhance the growth of the electric vehicle lightweight materials market in the future. An electric vehicle is defined as one that is powered by an electric motor, which draws energy from a rechargeable battery and can be recharged from an external source. The next generation of electric vehicles is likely to rely heavily on lightweight materials. The use of composite materials made from fiber-reinforced plastic polymers can significantly reduce the weight of electric vehicles while also improving their performance, durability, and range. For instance, in March 2024, the International Energy Agency, a France-based intergovernmental organization, reported that approximately 14 million electric cars were registered worldwide in 2023, representing a 35% increase from the 10.5 million registered in 2022. In 2023, electric vehicles (EVs) accounted for 18% of total car sales, up from 14% in 2022. This growth indicates robust momentum in the EV market, with weekly registrations in 2023 surpassing 250,000. Battery electric vehicles comprised 70% of the total electric car stock in 2023. Therefore, the rise in the adoption of electric vehicles (EVs) is propelling the growth of the electric vehicle lightweight materials market.

The escalation in fuel prices is anticipated to propel the growth of the electric vehicle lightweight materials market. As traditional fuel costs surge, consumers become increasingly conscious of overall vehicle ownership expenses. Electric vehicles, leveraging lightweight materials to enhance energy efficiency, become more appealing due to their potential for lower operational costs. For instance, the Bureau of Transportation Statistics reported a 49% rise in regular motor gasoline prices and a 55% increase in diesel fuel prices from January to June 2022. This substantial escalation in conventional fuel prices accentuates the attractiveness of electric vehicles. Consequently, the soaring fuel prices act as a catalyst driving the electric vehicle lightweight materials market forward.

Product innovation emerges as a prominent trend driving advancements in the electric vehicle lightweight materials market. Leading companies operating in this domain are focused on developing innovative, sustainable, and cost-effective lightweight materials to solidify their market presence. A noteworthy instance occurred in March 2022 when Evonik Industries and Vestaro GmbH, both Germany-based specialty chemicals companies, jointly unveiled the pure performance battery, a new generation of electric vehicle battery packs integrated with nano-dispersion technology. This innovation incorporates VESTALITE curing chemicals and the unique Epoxy-SMC cover to produce a new glass fiber-SMC cover. These SMC materials not only reduce battery housing weight by nearly 10% compared to equal-performing covers made from more expensive materials but also deliver equivalent performance levels as previous metal-based enclosures. Additionally, these materials offer designers greater flexibility for semi-integral integration while effectively resolving EMI-shielding challenges with GF composites, showcasing a transformative leap in electric vehicle lightweight materials technology.

Key players within the electric vehicle lightweight materials market are directing their efforts towards product development, notably focusing on advanced thermal insulation additives to maintain their competitive edge in the industry. Advanced thermal insulation additives are materials or substances integrated into systems or structures to augment their resistance against heat transfer. For example, in May 2023, Cabot Corporation, a US-based specialist in specialty chemicals and performance materials, introduced its latest innovation, the ENTERATM aerogel particle portfolio. This launch signifies Cabot's strategic entry into the electric vehicle (EV) technology domain, presenting ENTERA aerogel particles as cutting-edge thermal insulation additives specifically tailored for crafting ultra-thin thermal barriers within EV lithium-ion batteries. These innovative aerogel products provide formulators with versatile options, seamlessly integrating into various thermal barrier forms such as blankets, pads, sheets, films, foams, and coatings. Cabot's strategic move aligns with the automotive industry's continuous quest to enhance thermal management systems for EV batteries, aiming to optimize energy efficiency and extend the driving range of electric vehicles.

In September 2022, Avient Corporation, a US-based provider specializing in specialty polymer formulations, acquired the protective materials business of Royal DSM N.V. for an undisclosed sum. This acquisition marked a strategic expansion for Avient, broadening its spectrum of material options to cater to applications demanding the utmost performance, including the Dyneema brand - now listed under Avient Protective Materials. By integrating protective materials, Avient substantially augmented its fastest-growing platform, solidifying its leadership in the advanced composites industry. Royal DSM N.V., headquartered in the Netherlands, specializes in lightweight material solutions, further enhancing Avient's portfolio with its expertise in this field. This acquisition reinforces Avient's commitment to delivering comprehensive and high-performance solutions, securing a stronger foothold in the electric vehicle lightweight materials market.

Major companies operating in the electric vehicle lightweight materials market include Covestro AG, Toray Industries Inc., Saudi Basic Industries Corp., Solvay SA, Celanese Corporation, Novelis Inc, LyondellBasell Industries Holdings B.V., Constellium SE, SGL Carbon SE, ThyssenKrupp AG, Teijin Limited, Evonik Industries AG, Lanxess AG, Alcoa Corporation, ArcelorMittal, Hindalco Industries Limited, Faurecia, Lear Corporation, Grupo Antolin, Magna International, Norsk Hydro ASA, UACJ Corporation, Kobe Steel Ltd., AMG Advanced Metallurgical Group N.V., Materion Corporation, Mitsubishi Chemical Corporation, Sumitomo Bakelite Co. Ltd., Henkel AG & Co. KGaA, Huntsman Corporation.

Asia-Pacific was the largest region in the electric vehicle lightweight materials market in 2024, and is expected to be the fastest-growing region in the electric vehicle lightweight materials market during the forecast period. The regions covered in the electric vehicle lightweight materials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the electric vehicle lightweight materials market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Electric vehicle lightweight materials encompass metal alloys designed to reduce the total cost of ownership and enhance efficiency by improving the performance-to-weight ratio. These refined materials are utilized to construct lightweight car bodies and interiors, contributing to a reduction in vehicle weight and an improvement in energy efficiency.

The main types of electric vehicle lightweight materials include metals and alloys, composites, plastics elastomers, and others. Metals, which are elements with distinct chemical and physical characteristics, find applications in various vehicles, including passenger cars (hatchbacks and sedans), utility vehicles (SUVs, MPVs, compact SUVs), light commercial vehicles, and medium to heavy-duty vehicles such as buses and coaches. These materials are utilized in propulsion systems for Battery Electric Vehicles (BEVs), Plug-in Hybrid Electric Vehicles (PHEVs), and Hybrid Electric Vehicles (HEVs). Their applications span electric vehicle battery packs, electric traction motors, electronic components, power electronic controllers, body-in-white, chassis and suspension components, transmissions, doors, interiors, and various other components.

The electric vehicle lightweight materials market research report is one of a series of new reports that provides electric vehicle lightweight materials market statistics, including the electric vehicle lightweight materials industry global market size, regional shares, competitors with an electric vehicle lightweight materials market share, detailed electric vehicle lightweight materials market segments, market trends, and opportunities, and any further data you may need to thrive in the electric vehicle lightweight materials industry. This electric vehicle lightweight materials market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The electric vehicle lightweight materials market consists of sales of steel, glass fiber, carbon fiber, and advanced plastics and composite materials. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 3-5 business days.

Table of Contents

1. Executive Summary2. Electric Vehicle Lightweight Materials Market Characteristics3. Electric Vehicle Lightweight Materials Market Trends and Strategies4. Electric Vehicle Lightweight Materials Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, and the Recovery from COVID-19 on the Market
5. Global Electric Vehicle Lightweight Materials Growth Analysis and Strategic Analysis Framework
5.1. Global Electric Vehicle Lightweight Materials PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
5.2. Analysis of End Use Industries
5.3. Global Electric Vehicle Lightweight Materials Market Growth Rate Analysis
5.4. Global Electric Vehicle Lightweight Materials Historic Market Size and Growth, 2019-2024, Value ($ Billion)
5.5. Global Electric Vehicle Lightweight Materials Forecast Market Size and Growth, 2024-2029, 2034F, Value ($ Billion)
5.6. Global Electric Vehicle Lightweight Materials Total Addressable Market (TAM)
6. Electric Vehicle Lightweight Materials Market Segmentation
6.1. Global Electric Vehicle Lightweight Materials Market, Segmentation by Material Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Metals and Alloys
  • Composites
  • Plastics
  • Elastomers
  • Other Material Types
6.2. Global Electric Vehicle Lightweight Materials Market, Segmentation by Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Passenger Cars (Hatchbacks and Sedans)
  • Utility Vehicles (SUVs, MPVs, Compact SUVs)
  • Light Commercial Vehicles
  • Medium and Heavy-duty Vehicles
  • Buses and Coaches
6.3. Global Electric Vehicle Lightweight Materials Market, Segmentation by Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • BEVs
  • PHVs
  • HEVs
6.4. Global Electric Vehicle Lightweight Materials Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Battery Packs
  • Electric Traction Motors
  • Electronic Components
  • Power Electronic Controllers
  • Body-in-White
  • Chassis and Suspension
  • Transmissions
  • Doors
  • Interiors
  • Other Applications
6.5. Global Electric Vehicle Lightweight Materials Market, Sub-Segmentation of Metals and Alloys, by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Aluminum Alloys
  • Magnesium Alloys
  • High-Strength Steel
6.6. Global Electric Vehicle Lightweight Materials Market, Sub-Segmentation of Composites, by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Carbon Fiber Reinforced Polymers (CFRP)
  • Glass Fiber Reinforced Polymers (GFRP)
  • Natural Fiber Composites
6.7. Global Electric Vehicle Lightweight Materials Market, Sub-Segmentation of Plastics, by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Polypropylene (PP)
  • Polycarbonate (PC)
  • Acrylonitrile Butadiene Styrene (ABS)
6.8. Global Electric Vehicle Lightweight Materials Market, Sub-Segmentation of Elastomers, by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Thermoplastic Elastomers (TPE)
  • Silicone Rubber
  • Natural Rubber
6.9. Global Electric Vehicle Lightweight Materials Market, Sub-Segmentation of Other Material Types, by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Advanced Ceramics
  • Bio-Based Materials
  • Nanomaterials
7. Electric Vehicle Lightweight Materials Market Regional and Country Analysis
7.1. Global Electric Vehicle Lightweight Materials Market, Split by Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
7.2. Global Electric Vehicle Lightweight Materials Market, Split by Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8. Asia-Pacific Electric Vehicle Lightweight Materials Market
8.1. Asia-Pacific Electric Vehicle Lightweight Materials Market Overview
  • Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Electric Vehicle Lightweight Materials Market, Segmentation by Material Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.3. Asia-Pacific Electric Vehicle Lightweight Materials Market, Segmentation by Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.4. Asia-Pacific Electric Vehicle Lightweight Materials Market, Segmentation by Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
9. China Electric Vehicle Lightweight Materials Market
9.1. China Electric Vehicle Lightweight Materials Market Overview
9.2. China Electric Vehicle Lightweight Materials Market, Segmentation by Material Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.3. China Electric Vehicle Lightweight Materials Market, Segmentation by Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.4. China Electric Vehicle Lightweight Materials Market, Segmentation by Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
10. India Electric Vehicle Lightweight Materials Market
10.1. India Electric Vehicle Lightweight Materials Market, Segmentation by Material Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.2. India Electric Vehicle Lightweight Materials Market, Segmentation by Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.3. India Electric Vehicle Lightweight Materials Market, Segmentation by Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11. Japan Electric Vehicle Lightweight Materials Market
11.1. Japan Electric Vehicle Lightweight Materials Market Overview
11.2. Japan Electric Vehicle Lightweight Materials Market, Segmentation by Material Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.3. Japan Electric Vehicle Lightweight Materials Market, Segmentation by Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.4. Japan Electric Vehicle Lightweight Materials Market, Segmentation by Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12. Australia Electric Vehicle Lightweight Materials Market
12.1. Australia Electric Vehicle Lightweight Materials Market, Segmentation by Material Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.2. Australia Electric Vehicle Lightweight Materials Market, Segmentation by Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.3. Australia Electric Vehicle Lightweight Materials Market, Segmentation by Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13. Indonesia Electric Vehicle Lightweight Materials Market
13.1. Indonesia Electric Vehicle Lightweight Materials Market, Segmentation by Material Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.2. Indonesia Electric Vehicle Lightweight Materials Market, Segmentation by Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.3. Indonesia Electric Vehicle Lightweight Materials Market, Segmentation by Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14. South Korea Electric Vehicle Lightweight Materials Market
14.1. South Korea Electric Vehicle Lightweight Materials Market Overview
14.2. South Korea Electric Vehicle Lightweight Materials Market, Segmentation by Material Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.3. South Korea Electric Vehicle Lightweight Materials Market, Segmentation by Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.4. South Korea Electric Vehicle Lightweight Materials Market, Segmentation by Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15. Western Europe Electric Vehicle Lightweight Materials Market
15.1. Western Europe Electric Vehicle Lightweight Materials Market Overview
15.2. Western Europe Electric Vehicle Lightweight Materials Market, Segmentation by Material Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.3. Western Europe Electric Vehicle Lightweight Materials Market, Segmentation by Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.4. Western Europe Electric Vehicle Lightweight Materials Market, Segmentation by Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16. UK Electric Vehicle Lightweight Materials Market
16.1. UK Electric Vehicle Lightweight Materials Market, Segmentation by Material Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.2. UK Electric Vehicle Lightweight Materials Market, Segmentation by Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.3. UK Electric Vehicle Lightweight Materials Market, Segmentation by Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17. Germany Electric Vehicle Lightweight Materials Market
17.1. Germany Electric Vehicle Lightweight Materials Market, Segmentation by Material Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.2. Germany Electric Vehicle Lightweight Materials Market, Segmentation by Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.3. Germany Electric Vehicle Lightweight Materials Market, Segmentation by Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18. France Electric Vehicle Lightweight Materials Market
18.1. France Electric Vehicle Lightweight Materials Market, Segmentation by Material Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.2. France Electric Vehicle Lightweight Materials Market, Segmentation by Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.3. France Electric Vehicle Lightweight Materials Market, Segmentation by Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19. Italy Electric Vehicle Lightweight Materials Market
19.1. Italy Electric Vehicle Lightweight Materials Market, Segmentation by Material Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.2. Italy Electric Vehicle Lightweight Materials Market, Segmentation by Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.3. Italy Electric Vehicle Lightweight Materials Market, Segmentation by Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20. Spain Electric Vehicle Lightweight Materials Market
20.1. Spain Electric Vehicle Lightweight Materials Market, Segmentation by Material Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.2. Spain Electric Vehicle Lightweight Materials Market, Segmentation by Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.3. Spain Electric Vehicle Lightweight Materials Market, Segmentation by Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21. Eastern Europe Electric Vehicle Lightweight Materials Market
21.1. Eastern Europe Electric Vehicle Lightweight Materials Market Overview
21.2. Eastern Europe Electric Vehicle Lightweight Materials Market, Segmentation by Material Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.3. Eastern Europe Electric Vehicle Lightweight Materials Market, Segmentation by Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.4. Eastern Europe Electric Vehicle Lightweight Materials Market, Segmentation by Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22. Russia Electric Vehicle Lightweight Materials Market
22.1. Russia Electric Vehicle Lightweight Materials Market, Segmentation by Material Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.2. Russia Electric Vehicle Lightweight Materials Market, Segmentation by Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.3. Russia Electric Vehicle Lightweight Materials Market, Segmentation by Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23. North America Electric Vehicle Lightweight Materials Market
23.1. North America Electric Vehicle Lightweight Materials Market Overview
23.2. North America Electric Vehicle Lightweight Materials Market, Segmentation by Material Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.3. North America Electric Vehicle Lightweight Materials Market, Segmentation by Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.4. North America Electric Vehicle Lightweight Materials Market, Segmentation by Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24. USA Electric Vehicle Lightweight Materials Market
24.1. USA Electric Vehicle Lightweight Materials Market Overview
24.2. USA Electric Vehicle Lightweight Materials Market, Segmentation by Material Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.3. USA Electric Vehicle Lightweight Materials Market, Segmentation by Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.4. USA Electric Vehicle Lightweight Materials Market, Segmentation by Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25. Canada Electric Vehicle Lightweight Materials Market
25.1. Canada Electric Vehicle Lightweight Materials Market Overview
25.2. Canada Electric Vehicle Lightweight Materials Market, Segmentation by Material Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.3. Canada Electric Vehicle Lightweight Materials Market, Segmentation by Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.4. Canada Electric Vehicle Lightweight Materials Market, Segmentation by Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26. South America Electric Vehicle Lightweight Materials Market
26.1. South America Electric Vehicle Lightweight Materials Market Overview
26.2. South America Electric Vehicle Lightweight Materials Market, Segmentation by Material Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.3. South America Electric Vehicle Lightweight Materials Market, Segmentation by Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.4. South America Electric Vehicle Lightweight Materials Market, Segmentation by Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27. Brazil Electric Vehicle Lightweight Materials Market
27.1. Brazil Electric Vehicle Lightweight Materials Market, Segmentation by Material Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.2. Brazil Electric Vehicle Lightweight Materials Market, Segmentation by Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.3. Brazil Electric Vehicle Lightweight Materials Market, Segmentation by Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28. Middle East Electric Vehicle Lightweight Materials Market
28.1. Middle East Electric Vehicle Lightweight Materials Market Overview
28.2. Middle East Electric Vehicle Lightweight Materials Market, Segmentation by Material Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.3. Middle East Electric Vehicle Lightweight Materials Market, Segmentation by Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.4. Middle East Electric Vehicle Lightweight Materials Market, Segmentation by Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29. Africa Electric Vehicle Lightweight Materials Market
29.1. Africa Electric Vehicle Lightweight Materials Market Overview
29.2. Africa Electric Vehicle Lightweight Materials Market, Segmentation by Material Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.3. Africa Electric Vehicle Lightweight Materials Market, Segmentation by Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.4. Africa Electric Vehicle Lightweight Materials Market, Segmentation by Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
30. Electric Vehicle Lightweight Materials Market Competitive Landscape and Company Profiles
30.1. Electric Vehicle Lightweight Materials Market Competitive Landscape
30.2. Electric Vehicle Lightweight Materials Market Company Profiles
30.2.1. Covestro AG Overview, Products and Services, Strategy and Financial Analysis
30.2.2. Toray Industries Inc. Overview, Products and Services, Strategy and Financial Analysis
30.2.3. Saudi Basic Industries Corp. Overview, Products and Services, Strategy and Financial Analysis
30.2.4. Solvay SA Overview, Products and Services, Strategy and Financial Analysis
30.2.5. Celanese Corporation Overview, Products and Services, Strategy and Financial Analysis
31. Electric Vehicle Lightweight Materials Market Other Major and Innovative Companies
31.1. Novelis Inc
31.2. LyondellBasell Industries Holdings B.V.
31.3. Constellium SE
31.4. SGL Carbon SE
31.5. ThyssenKrupp AG
31.6. Teijin Limited
31.7. Evonik Industries AG
31.8. Lanxess AG
31.9. Alcoa Corporation
31.10. ArcelorMittal
31.11. Hindalco Industries Limited
31.12. Faurecia
31.13. Lear Corporation
31.14. Grupo Antolin
31.15. Magna International
32. Global Electric Vehicle Lightweight Materials Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Electric Vehicle Lightweight Materials Market34. Recent Developments in the Electric Vehicle Lightweight Materials Market
35. Electric Vehicle Lightweight Materials Market High Potential Countries, Segments and Strategies
35.1 Electric Vehicle Lightweight Materials Market in 2029 - Countries Offering Most New Opportunities
35.2 Electric Vehicle Lightweight Materials Market in 2029 - Segments Offering Most New Opportunities
35.3 Electric Vehicle Lightweight Materials Market in 2029 - Growth Strategies
35.3.1 Market Trend-based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Electric Vehicle Lightweight Materials Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on electric vehicle lightweight materials market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase:

  • Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
  • Assess the impact of key macro factors such as conflict, pandemic and recovery, inflation and interest rate environment and the 2nd Trump presidency.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Description

Where is the largest and fastest growing market for electric vehicle lightweight materials ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The electric vehicle lightweight materials market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • the market characteristics section of the report defines and explains the market.
  • the market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • the forecasts are made after considering the major factors currently impacting the market. These include:
  • the forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
  • Market segmentations break down the market into sub markets.
  • the regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • the competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • the trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

1) by Material Type: Metals and Alloys; Composites; Plastics; Elastomers; Other Material Types
2) by Vehicle Type: Passenger Cars (Hatchbacks and Sedans); Utility Vehicles (SUVs, MPVs, Compact SUVs); Light Commercial Vehicles; Medium and Heavy-duty Vehicles; Buses and Coaches
3) by Propulsion Type: BEVs; PHVs; HEVs
4) by Application: Battery Packs; Electric Traction Motors; Electronic Components; Power Electronic Controllers; Body-in-White; Chassis and Suspension; Transmissions; Doors; Interiors; Other Applications

Subsegments:

1) by Metals and Alloys: Aluminum Alloys; Magnesium Alloys; High-Strength Steel
2) by Composites: Carbon Fiber Reinforced Polymers (CFRP); Glass Fiber Reinforced Polymers (GFRP); Natural Fiber Composites
3) by Plastics: Polypropylene (PP); Polycarbonate (PC); Acrylonitrile Butadiene Styrene (ABS)
4) by Elastomers: Thermoplastic Elastomers (TPE); Silicone Rubber; Natural Rubber
5) by Other Material Types: Advanced Ceramics; Bio-Based Materials; Nanomaterials

Key Companies Mentioned: Covestro AG; Toray Industries Inc.; Saudi Basic Industries Corp.; Solvay SA; Celanese Corporation

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery Format: PDF, Word and Excel Data Dashboard.

Companies Mentioned

Some of the major companies featured in this Electric Vehicle Lightweight Materials market report include:
  • Covestro AG
  • Toray Industries Inc.
  • Saudi Basic Industries Corp.
  • Solvay SA
  • Celanese Corporation
  • Novelis Inc
  • LyondellBasell Industries Holdings B.V.
  • Constellium SE
  • SGL Carbon SE
  • ThyssenKrupp AG
  • Teijin Limited
  • Evonik Industries AG
  • Lanxess AG
  • Alcoa Corporation
  • ArcelorMittal
  • Hindalco Industries Limited
  • Faurecia
  • Lear Corporation
  • Grupo Antolin
  • Magna International
  • Norsk Hydro ASA
  • UACJ Corporation
  • Kobe Steel Ltd.
  • AMG Advanced Metallurgical Group N.V.
  • Materion Corporation
  • Mitsubishi Chemical Corporation
  • Sumitomo Bakelite Co. Ltd.
  • Henkel AG & Co. KGaA
  • Huntsman Corporation

Table Information