Asia Pacific Automotive Lightweight Material Market Size & Outlook
Asia Pacific automotive lightweight material market, 2018-2030 (US$M)
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Asia Pacific automotive lightweight material market highlights
- The Asia Pacific automotive lightweight material market generated a revenue of USD 23,037.9 million in 2022.
- The market is expected to grow at a CAGR of 3% from 2023 to 2030.
- In terms of segment, composites was the largest revenue generating product in 2022.
- Plastics is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, South Korea is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 23,037.9 million |
| Market revenue in 2030 | USD 29,247.2 million |
| Growth rate | 3% (CAGR from 2022 to 2030) |
| Largest segment | Composites |
| Fastest growing segment | Plastics |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, Asia Pacific region accounted for 26.9% of the global automotive lightweight material market in 2022.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 34,808.2 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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Asia Pacific 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 68.22% in 2024. Horizon Databook has segmented the Asia Pacific automotive lightweight material market based on metals, composites, plastics, elastomers covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the automotive lightweight materials market in Asia Pacific region is likely to be attributed to the growth in the number of automotive manufacturing facilities by companies in countries such as India, China, Japan, and South Korea to increase their production capacities, to cater to the evergrowing demand from the increasing population.
Countries such as China, Japan, South Korea, India, and Thailand account for a major chunk of global automotive production and sales, thus benefitting the market growth.
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Target buyers of Asia Pacific 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific automotive lightweight material market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific automotive lightweight material market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific automotive lightweight material market size, by country, 2018-2030 (US$M)
Asia Pacific Automotive Lightweight Material Market Outlook Share, 2024 & 2030 (US$M)
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