U.S. Automotive Lightweight Material Market Size & Outlook
U.S. automotive lightweight material market, 2018-2030 (US$M)
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U.S. automotive lightweight material market highlights
- The U.S. automotive lightweight material market generated a revenue of USD 18,630.3 million in 2022 and is expected to reach USD 25,901.1 million by 2030.
- The U.S. market is expected to grow at a CAGR of 4.2% 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 18,630.3 million |
| Market revenue in 2030 | USD 25,901.1 million |
| Growth rate | 4.2% (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, U.S. accounted for 21.8% 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 North America, U.S. automotive lightweight material market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 3,470.6 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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U.S. 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 67.54% in 2024. Horizon Databook has segmented the U.S. automotive lightweight material market based on metals, composites, plastics, elastomers covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. was the second largest producer of automotive in 2019, with production of over 10 million units, accounting for over 11.5% of the global production numbers, owing to high demand for passenger vehicles and light commercial vehicles in the country, coupled with presence of several large companies including General Motors, Ford, Fiat Chrysler Automobiles NV, Toyota, Honda, and Nissan.
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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 U.S. automotive lightweight material market , including forecasts for subscribers. This country databook contains high-level insights into U.S. automotive lightweight material market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. automotive lightweight material market size, by product, 2018-2030 (US$M)
U.S. Automotive Lightweight Material Market Outlook Share, 2024 & 2030 (US$M)
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