Brazil Automotive Lightweight Material Market Size & Outlook
Brazil automotive lightweight material market, 2018-2030 (US$M)
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Brazil automotive lightweight material market highlights
- The Brazil automotive lightweight material market generated a revenue of USD 3,124.9 million in 2022 and is expected to reach USD 3,157.3 million by 2030.
- The Brazil market is expected to grow at a CAGR of 0.1% 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.
Automotive lightweight material market data book summary
| Market revenue in 2022 | USD 3,124.9 million |
| Market revenue in 2030 | USD 3,157.3 million |
| Growth rate | 0.1% (CAGR from 2022 to 2030) |
| Largest segment | Composites |
| Fastest growing segment | Plastics |
| 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, Brazil accounted for 3.6% 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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Brazil 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 67.69% in 2022. Horizon Databook has segmented the Brazil automotive lightweight material market based on metals, composites, plastics, elastomers covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil is the largest automotive producer in the region, owing to growth in consumer disposable income in the country, leading to setup of several new automotive manufacturing facilities with respect to increase in demand. As per the data published by Ministry of foreign affairs of Brazil, the automotive production displayed a growth of about 2.3% in 2019, reaching 2.94 million.
The country was the 8th largest producer globally in 2019 and accounted for about 50% of the production in South America. As of 2019, the automotive industry consisted of more than 65 industrial units, 26 manufacturing companies, and accounted for about 18% of the industrial GDP.
This is expected to result in significant increase in demand for automotive lightweight materials, over the projected period.
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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 Brazil automotive lightweight material market , including forecasts for subscribers. This country databook contains high-level insights into Brazil automotive lightweight material market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil automotive lightweight material market size, by product, 2018-2030 (US$M)
Brazil Automotive Lightweight Material Market Outlook Share, 2022 & 2030 (US$M)
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