Argentina Automotive Lightweight Material Market Size & Outlook
Argentina automotive lightweight material market, 2018-2030 (US$M)
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Argentina automotive lightweight material market highlights
- The Argentina automotive lightweight material market generated a revenue of USD 511.3 million in 2022 and is expected to reach USD 520.0 million by 2030.
- The Argentina market is expected to grow at a CAGR of 0.2% from 2023 to 2030.
- In terms of segment, composites was the largest revenue generating product in 2022.
- Elastomers is the most lucrative product segment registering the fastest growth during the forecast period.
Automotive lightweight material market data book summary
| Market revenue in 2022 | USD 511.3 million |
| Market revenue in 2030 | USD 520.0 million |
| Growth rate | 0.2% (CAGR from 2022 to 2030) |
| Largest segment | Composites |
| Fastest growing segment | Elastomers |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Metals, Composites, Plastics, Elastomers |
| Key market players worldwide | Basf SE, Toray Industries Inc, LyondellBasell Industries NV Class A, Novelis, ArcelorMittal SA Depository Receipt, Alcon Inc, Owens-Corning Inc, Stratasys Ltd, Tata Steel Ltd GDR - 144A, POSCO Holdings Inc ADR |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.6% of the global automotive lightweight material market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil automotive lightweight material market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 520.0 million by 2030.
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Automotive Lightweight Material Market Scope
Automotive Lightweight Material Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina automotive lightweight material market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive lightweight material market will help companies and investors design strategic landscapes.
Composites was the largest segment with a revenue share of 66.93% in 2024. Horizon Databook has segmented the Argentina automotive lightweight material market based on metals, composites, plastics, elastomers covering the revenue growth of each sub-segment from 2018 to 2030.
The automobile manufacturing industry in Argentina has witnessed notable growth in the past few years that is supported by a strong manufacturing base in the country. Major multinational players operating in the market include Volkswagen, Fiat, General Motors, Honda, Groupe PSA, Ford, Toyota, and others.
These companies are aiming to increase production capacities to cater to the domestic and international demand for passenger cars and commercial vehicles. Thus, are expected to increase the demand for lightweight materials for automotive industry.
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Target buyers of Argentina automotive lightweight material market databook
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Our clientele includes a mix of automotive lightweight material market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina automotive lightweight material market , including forecasts for subscribers. This country databook contains high-level insights into Argentina automotive lightweight material market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina automotive lightweight material market size, by product, 2018-2030 (US$M)
Argentina Automotive Lightweight Material Market Outlook Share, 2024 & 2030 (US$M)
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