China Automotive Lightweight Material Market Size & Outlook
China automotive lightweight material market, 2018-2030 (US$M)
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China automotive lightweight material market highlights
- The China automotive lightweight material market generated a revenue of USD 11,352.9 million in 2022 and is expected to reach USD 14,690.7 million by 2030.
- The China market is expected to grow at a CAGR of 3.3% 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.
Automotive lightweight material market data book summary
| Market revenue in 2022 | USD 11,352.9 million |
| Market revenue in 2030 | USD 14,690.7 million |
| Growth rate | 3.3% (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, China accounted for 13.3% 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 Asia Pacific, China automotive lightweight material market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,641.9 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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China 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 66.13% in 2022. Horizon Databook has segmented the China automotive lightweight material market based on metals, composites, plastics, elastomers covering the revenue growth of each sub-segment from 2018 to 2030.
China is the largest vehicle market globally in terms of production and annual sales. As per the data published by Ministry of Industry and Information Technology of China, more than 25 million vehicles were sold in 2019, including around 21.44 million passenger vehicles, and 4.32 million commercial vehicles.
As per the data published by International Organization of Motor Vehicle Manufacturers, China accounted for over 28% of the global automotive production in 2019, followed by U.S. and Japan. This also makes China as one the largest markets for automotive lightweight materials.
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Target buyers of China 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 country-level data and insights on the China automotive lightweight material market , including forecasts for subscribers. This country databook contains high-level insights into China automotive lightweight material market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China automotive lightweight material market size, by product, 2018-2030 (US$M)
China Automotive Lightweight Material Market Outlook Share, 2022 & 2030 (US$M)
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