DUBLIN--(BUSINESS WIRE)--The "Lightweight Materials for Electric Vehicles Market - A Global and Regional Analysis: Focus on Product, Application, and Country-Wise Assessment - Analysis and Forecast, 2020-2025" report has been added to ResearchAndMarkets.com's offering.
The global lightweight materials for EV market is expected to witness a CAGR of 26.97% during the forecast period
The environmental standards regarding the carbon dioxide emissions laid down by the governments across various countries have led to an increasing need for decreasing the weight of the vehicle for improving its efficiency and reducing CO2 emissions, thus propelling the demand for lightweight materials.
The global lightweight materials for the EV market is expected to account for a market volume of 10,906.5 kilotons by the end of 2025. The market is expected to witness high growth due to the wide adoption of electric vehicles and the rising need for increasing the range and efficiency of the vehicle.
Impact of COVID-19
The automotive industry, in particular, has borne the brunt of the pandemic, owing to the ongoing lockdown, the decrease in sales, and the impending apprehensions to invest in future ambitious projects. A sharp decline in global automotive trends has been witnessed in the first four months. However, the sales of electric vehicles can pick up pace in China and in various countries of Europe from the second half of 2020, as these countries emerge out of the lockdowns. China also aims to further scale up the reduced incentives to negate the effect of the pandemic.
Scope of the Global Lightweight Materials for EV Market
The global lightweight materials for EV market research provides a detailed perspective on the different types of lightweight materials, their applications, value, and volume estimation, among others. The principal purpose of this market analysis is to examine the lightweight materials industry outlook for EV batteries in terms of factors driving the market, restraints, trends, and opportunities, among others.
The report further considers the market dynamics (drivers, restraints, and opportunities), supply chain analysis, and the detailed product contribution of the key players operating in the market. The global lightweight materials for EV market report is a compilation of different segments, including market breakdown by product type, application, region, and country.
The global lightweight materials for the EV market, based on product type, has been segmented into metal and alloys, composites, and plastics and elastomers. The metal and alloys segment is further sub-segmented into HSS, aluminum, and others. The plastics and elastomers segment is further segmented into polypropylene(PP), acrylonitrile butadiene styrene (ABS), polyurethane (PUR), and others. The metal and alloys segment is expected to maintain its dominance during the forecast period in the global lightweight materials for the EV market.
The global lightweight materials for the EV market, by propulsion type, has been segmented into BEVs, PHEVs, and HEVs. The BEVs segment dominated the global lightweight materials for EV market in 2019 in terms of volume and is expected to maintain its dominance through the forecast period.
Based on the region, the global lightweight materials for EV market for EV batteries has been segmented into Asia-Pacific & Japan, Europe, U.K., China, North America, and Rest-of-the-World. Each region is further segmented into countries. Data for each of these regions and countries is provided by product type and propulsion.
Key Topics Covered:
1.1 Industry Outlook
1.1.1 Trends: Industry Dynamics Defining the Future Trends in EVs
1.1.2 Supply Chain Analysis
1.2 Ecosystem/Ongoing Programs
1.2.1 Consortiums, Associations, and Regulatory Bodies
1.2.2 Government Initiatives
1.3 Business Dynamics
1.3.1 Business Drivers
18.104.22.168 Increasing the Range of EVs
22.214.171.124 Stringent Emission Regulations
126.96.36.199 Government Initiatives Promoting Light Weighting
1.3.2 Business Challenges
188.8.131.52 High Cost of Lightweight Materials
184.108.40.206 Complex Recycling and Maintenance of Lightweight Materials
1.3.3 Business and Corporate Strategies
1.3.4 Business Opportunities
220.127.116.11 Growth in Emerging Economies
18.104.22.168 Development of Recycling Technologies for Plastics
2.1 Global Lightweight Materials for EVs Market - Application and Specification
2.1.1 Global Lightweight Materials for EV Market, by Propulsion type
22.214.171.124 Battery Electric Vehicle (BEV)
126.96.36.199 Hybrid Electric Vehicle (HEV)
188.8.131.52 Plug-in Hybrid Electric Vehicles (PHEV)
2.1.2 Global Lightweight Materials for EV Market, Product (by Application)
184.108.40.206 Metal and Alloys (by Application)
220.127.116.11 Composites (by Application)
18.104.22.168 Plastics and Elastomers (by Application)
2.2 Demand Analysis for Lightweight Materials for EVs Market (by Application), 2019-2025
2.2.1 Demand Analysis for Lightweight Materials for EVs Market (by Propulsion Type), 2019-2025
22.214.171.124 Battery Electric Vehicles (BEVs)
126.96.36.199 Hybrid Electric Vehicles (HEVs)
188.8.131.52 Plug-in Hybrid Electric Vehicles (PHEVs)
2.2.2 Demand Analysis for Lightweight Materials for EVs Market (Product Type, by Application), 2019-2025
184.108.40.206 Metal and Alloys (by Application)
i. Body in White
c. Transmission System
220.127.116.11 Composites (by Application)
18.104.22.168 Plastics and Elastomers (by Application)
i. Instrument Panel
iii. Center Console
3.1 Global Lightweight Materials for EVs Market - Products and Specifications
3.1.1 Metal and Alloys
22.214.171.124 High-Strength Steel
126.96.36.199 Carbon-Fiber-Reinforced Polymer (CFRP)
188.8.131.52 Glass-Fiber-Reinforced Polymer (GFRP)
3.1.3 Plastics and Elastomers
184.108.40.206 Polypropylene (PP)
220.127.116.11 Polyurethane (PUR)
18.104.22.168 Acrylonitrile Butadiene Styrene (ABS)
3.2 Demand Analysis of Lightweight Materials for EVs Market (by Product Type), 2019-2025
3.2.1 Global Lightweight Materials for EVs Market (by Product Type), Value and Volume Data, 2019-2025
22.214.171.124 Metals and Alloys
126.96.36.199 Plastics and Elastomers
3.3 Product Benchmarking: Growth Rate - Market Share Matrix
3.3.1 Opportunity Matrix, by Region
3.3.2 Opportunity Matrix, by Product Type
3.4 Technology Roadmap
5 Markets - Competitive Benchmarking & Company Profiles
5.1 Competitive Benchmarking
5.2 Company Profiles
5.2.1 SSAB AB
5.2.2 Toray Industries, Inc.
5.2.3 ArcelorMittal S.A.
5.2.5 ThyssenKrupp AG
5.2.6 Solvay S.A.
5.2.7 SGL Carbon SE
5.2.8 Covestro AG
5.2.9 DuPont de Nemours, Inc.
5.2.10 Celanese Corporation
5.2.11 Novelis Inc.
5.2.12 Nippon Steel Corporation
5.2.13 BASF SE
5.2.14 LyondellBasell Industries Holdings B.V.
5.2.15 Constellium SE
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