Automotive Lightweight Materials Market Statistics, Industry Analysis 2033

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Automotive Lightweight Materials Global Market
Report 2024
Global Forecast 2024 2033 Market Size, Drivers,
And Trends
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Automotive Lightweight Materials Market Segments
The Business Research Company segments the
automotive lightweight materials market report as
By Material Type
Metals, Composites, Plastics, Elastomer
By Vehicle Type
Passenger Vehicle, Light Commercial Vehicle,
Heavy Commercial Vehicle
Body In White, Chassis And Suspension,
Powertrain, Closures, Interiors, Other
Applications
By Application
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Market Statistics
The global Automotive Lightweight Materials
market size grew from 111.13 billion in 2023 to
121.87 billion in 2024 at a compound annual
growth rate (CAGR) of 9.7.The Automotive
Lightweight Materials market size is expected to
grow to 170.71 billion in 2028 at a compound
annual growth rate (CAGR) of 8.8.
170.71 B
121.87 B
111.13 B
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Key Market Drivers And Trends
Drivers
The growing demand for fuel economy is expected
to propel the growth of the automotive
lightweight materials market in the coming years.
Trends
Major companies operating in the automotive
lightweight materials market are increasing their
focus on introducing large-scale magnesium
injection molding to gain a competitive edge in
the market.
Region
Europe was the largest region in the Automotive
Lightweight Materials market in 2023. The regions
covered in the Automotive Lightweight Materials
market analysis report are Asia-Pacific, Western
Europe, Eastern Europe, North America, South
America, Middle East and Africa.
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Top Eleven Players In The Market

• Major players in the 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

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   against key competitors.
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