India Automotive Lightweight Material Market Size & Outlook
India automotive lightweight material market, 2018-2030 (US$M)
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India automotive lightweight material market highlights
- The India automotive lightweight material market generated a revenue of USD 3,153.9 million in 2022 and is expected to reach USD 3,419.0 million by 2030.
- The India market is expected to grow at a CAGR of 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 3,153.9 million |
| Market revenue in 2030 | USD 3,419.0 million |
| Growth rate | 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, India accounted for 3.7% 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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India 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 70.79% in 2024. Horizon Databook has segmented the India 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 India has grown significantly over the past few years, owing to rapidly increasing demand for passenger vehicles, coupled with increasing foreign direct investments towards setting up new plants in the country. The government of India started the automotive mission plan (2016-26) to lay the roadmap for development of the automotive industry.
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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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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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Horizon Databook provides a detailed overview of country-level data and insights on the India automotive lightweight material market , including forecasts for subscribers. This country databook contains high-level insights into India automotive lightweight material market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India automotive lightweight material market size, by product, 2018-2030 (US$M)
India Automotive Lightweight Material Market Outlook Share, 2024 & 2030 (US$M)
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