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 |
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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 2024. 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.
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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