Report updated on 11th September, 2021: Global Automotive Lightweight Materials Market 2021 (Includes Business Impact of COVID-19)
Global Automotive Lightweight Materials Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global automotive lightweight materials market report has been segmented on the basis of material, application, vehicle type, and region.
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The global Automotive Lightweight Materials market size was valued at USD$113.02 billion in 2020 and is projected to reach USD $251.15 billion by 2030, and is anticipated to expand at a CAGR of 8.33% over the forecast period from 2020 to 2030.
Global Automotive Lightweight Materials Market: Introduction
Automotive lightweight materials reduce weight of the vehicle and improve their fuel efficiency and performance. These lightweight materials are used as substitute for heavy materials used to build the frame of vehicles owing to its advantages such as enhanced strength, less material consumption, improved handling, and low corrosion rate.
Global Automotive Lightweight Materials Market: Dynamics
Growing demand for automobiles in developing and developed countries owing to rising disposable income of individuals and rapid urbanization is estimated to drive the growth of the potential market. Lightweight materials are used reduce the overall weight of the vehicle and improve the efficiency and performance. Growing demand for fuel efficient automobiles in developing countries is anticipated to support the growth of the potential market. In addition, stringent regulations regarding automotive emissions and fuel economy is anticipated to support the growth of the automotive lightweight materials market.
However, the high cost coupled with limited resources of raw materials of lightweight materials in developing countries are major factors anticipated to restrain the growth of the potential market.
Global Automotive Lightweight Materials Market: Vehicle Type Analysis
Among the vehicle type segments, the passenger vehicles segment is projected to register higher growth over the next few years. Increasing demand for passenger vehicles with better efficiency in developing countries of Asia Pacific is anticipated to augment growth of this segment over the long run. Growing demand for commercial vehicles in developed counties such as the US, Canada, Germany, and others is anticipated to support the growth of the segment over the long run.
Global Automotive Lightweight Materials Market: Application Analysis
Among the application segments, the exterior segment is projected to register higher growth rate over the next few years. Exterior components of vehicles include body and chassis parts. Increasing demand for lightweight materials to reduce the weight of vehicle is anticipated to augment the growth of the segment over the long run.
Global Automotive Lightweight Materials Market: Regional Analysis
Asia Pacific automotive lightweight materials market is estimated to dominate the target market over next 10 years. Presence of large number of automotive manufactures in countries in the region is anticipated to augment the growth of the potential market in Asia Pacific over a few years. In addition, growing demand for lightweight materials with high strength to lower the overall weight of vehicle and improve the efficiency, which in turn projected to drive the growth of the Asia Pacific automotive lightweight materials market.
Asia Pacific is anticipated to be the largest market for automotive lightweight materials followed by the North America market. The North America automotive lightweight materials market is projected to register moderate growth rate over the next few years. Increasing demand for commercial vehicles in the region is projected to support the growth of automotive lightweight materials market in North America.
Below are the active patents related to Automotive Lightweight Materials Market.
Patent Number: CN102019962A
All-aluminum-alloy light-weight car bottom plate
Abstract
The invention relates to an all-aluminum-alloy light-weight car bottom plate comprising a hollow frame, a plurality of bottom plates, a longitudinal girder and a cross girder, wherein the hollow frame is manufactured by extruding aluminum alloy, the upper part of the inner side surface of the frame is provided with an inserting groove penetrating through the frame along front and rear horizontal directions, the left and right sides of the longitudinal girder are respectively provided with the bottom plates, the upper surface of a cover plate of each bottom plate is mutually parallel and level to the upper surface of a top plate A of the longitudinal girder along a horizontal direction, the adjacent side edges of the cover plate and the top plate A are lapped on a lapping groove arranged on one side of the top plate A, the side edges of the adjacent cover plates are mutually lapped and connected, a plurality of cover plates and the top plate A form a rectangular bottom plate, the frame is positioned on left and right sides of the rectangular bottom plate, the outer side edge of the cover plate which is adjacent to the frame is inserted into the inserting groove on the frame, and each cross girder respectively penetrate through an upright plate A arranged on each longitudinal girder along left and right directions. The invention aims at providing the all-aluminum-alloy light-weight car bottom plate which has high strength, high rigidity, light deadweight and long service life, can reduce energy consumption when a car drives and saves energy.
Application File Date: 2010-12-10
Application Granted Date: 2012-11-21
Inventor: Zhang Peiliang, Su Zhenjia, Zhu Weizhong, Ma Guangkai, Gaoanjiang Jidianlong
Patent Number: US8757704B2
Lightweight multi-layer composite panel
Abstract
Embodiments of the present disclosure include a composite panel and a method of manufacturing the composite panel. The composite panel includes first and second fiber reinforced plastic (FRP) layers. The composite panel also includes a core layer disposed between the first and second FRP layers. The core layer includes one of: a honeycomb material and a foam material. The composite panel further includes an exterior layer disposed on a surface of the first FRP layer opposite the core layer and an interior layer disposed on a surface of the second FRP layer opposite the core layer. The layers are cured together in one processing step.
Application File Date: 2010-09-27
Application Granted Date: 2014-06-24
Current Assignee: Crane Composites Inc
Patent Number: US9042119B2
Lightweight electronic device for automotive applications and method
Abstract
A lightweight radio/CD player for vehicular application is virtually “fastenerless” and includes a case and frontal interface formed of polymer based material that is molded to provide details to accept audio devices such as playback mechanisms (if desired) and radio receivers, as well as the circuit boards required for electrical control and display. The case and frontal interface are of composite structure, including an insert molded electrically conductive wire mesh screen that has been pre-formed to contour with the molding operation. The wire mesh provides EMC, RFI, BCI and ESD shielding and grounding of the circuit boards via exposed wire mesh pads and adjacent ground clips. The major components and subassemblies self-interconnect by integral guide and connection features effecting “slide lock” and “snap lock” self-interconnection. The major components and subassemblies self-ground by establishing an interference fit with exposed, resilient, embossed portions of wire mesh.
Application File Date: 2013-12-09
Application Granted Date: 2015-05-26
Current Assignee: Aptiv Technologies Ltd
Global Automotive Lightweight Materials Market Segmentation:
Segmentation by Material:
- Metal
- Composite
- Rubber
- Plastic
Segmentation by Application:
- Interior
- Exterior
- Structural
- Powertrain
Segmentation by Vehicle Type:
- Passenger Vehicles
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Key Market Players included in the report:
- AK Steel Corporation.
- Alcoa Corporation
- Aleris Corporation.
- ArcelorMittal (Luxembourg)
- BASF SE Covestro AG
- Borealis AG
- Covestro AG (Germany)
- LANXESS
- LyondellBasell Industries Holdings B.V.
- Novelis Inc.
- Owens Corning
- POSCO
- SGL Carbon
- Stratasys Ltd.
- Tata Steel
- thyssenkrupp AG (Germany).
- Toray Industries Inc. (Japan)
- Trinseo
- United States Steel
Below are the key development related to Automotive Lightweight Materials Market in 2020 and 2021.
May 2021: Boston Materials (Billerica, Mass., U.S.) a manufacturer of advanced lightweight materials that deliver increased performance and circular solutions using z-axis carbon fiber technology, announced on May 20 the closing of an $8 million financing led by AccelR8 and Valo Ventures. This funding accelerates the company’s expansion into new electric vehicles (EVs), aerospace, electronics and consumer applications. Clean Energy Ventures, a previous backer, also participated in the round. Boston Materials uses a patented roll-to-roll magnetic alignment process that orients reclaimed carbon fibers vertically to manufacture composite film and sheet products, called ZRT. This process is said to introduce new z-axis thermal and electrical conductivity, stiffness and durability benefits to existing composite materials. Ultimately, the company says its products provide designers and manufacturers with multiple benefits over metals and nanomaterials, including lighter weight, lower embodied carbon footprint and lower production costs. Boston Materials commissioned a 60-inch-wide commercial production line capable of producing 800,000 square meters of z-axis carbon fiber materials per year. The company plans to triple the production capacity over the next two years. The production capacity has been installed in a 37,000 square-foot manufacturing facility located in Billerica, Mass., along with fully-automated equipment for quality control and traceability. Boston Materials is dedicated to expanding its manufacturing operations in the Boston area by cultivating a robust team of manufacturing personnel from across all industries and training them as technicians for the production of advanced composite materials.
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April 2021: WEAV3D Inc. and Global Alliance Automotive AG partner to expand structural composite opportunities in automotive Sector. WEAV3D has partnered with Global Alliance Automotive (GAA) AG to promote the use of WEAV3D’s lightweight, locally tunable structural composites in the automotive industry. These materials are a cost-effective alternative to traditional composites, steel and aluminum, and can increase vehicle fuel economy and electric vehicle range. WEAV3D’s patent-pending composite forming process, which can support automotive volumes of hundreds of thousands of units per year, produces a woven composite lattice structure from unidirectional fiber-reinforced composite tapes. These composite lattices are then overmolded into finished structural components using traditional molding processes—a design concept known as Rebar For Plastics.
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October 2020: The Teijin Group has announced that it has joined the AZL Partner Network for Lightweight Production Technology, a cross-industry network for joint business development and technology development organised by service and engineering provider AZL Aachen GmbH and involving nine institutes and 80 companies in the field of lightweight production. On October 22, the network will be kicking off one of their many joint projects, an eight-month project to develop and manufacture multi-material battery enclosures for electrical vehicles (EV).
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February 2020: The concept car comes with a new polyurethane composite concept with kenaf fibres, developed by Covestro. This is claimed to be 30 per cent lighter than the conventional material.
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