According to Bis Research, the global lightweight materials for EV market is expected to account for a market volume of 10,906.5 kilotons by the end of 2025. The market is expected to witness high growth due to the wide adoption of electric vehicles and the rising need for increasing the range and efficiency of the vehicle. “The global lightweight materials for EV market is expected to witness a CAGR of 26.97% during the forecast period. The environmental standards regarding the carbon dioxide emissions laid down by the governments across various countries have led to an increasing need for decreasing the weight of the vehicle for improving its efficiency and reducing CO2 emissions, thus propelling the demand for lightweight materials.”

The global lightweight materials for EV market research provides a detailed perspective on the different types of lightweight materials, their applications, value, and volume estimation, among others. The principal purpose of this market analysis is to examine the lightweight materials industry outlook for EV batteries in terms of factors driving the market, restraints, trends, and opportunities, among others.

The report further considers the market dynamics (drivers, restraints, and opportunities), supply chain analysis, and the detailed product contribution of the key players operating in the market. The global lightweight materials for EV market report is a compilation of different segments, including market breakdown by product type, application, region, and country.

The global lightweight materials for EV market, based on product type, has been segmented into metal and alloys, composites, and plastics and elastomers. The metal and alloys segment is further sub-segmented into HSS, aluminum, and others. The plastics and elastomers segment is further segmented into polypropylene(PP), acrylonitrile butadiene styrene (ABS), polyurethane (PUR), and others. The metal and alloys segment is expected to maintain its dominance during the forecast period in the global lightweight materials for EV market.

The global lightweight materials for EV market, by propulsion type, has been segmented into BEVs, PHEVs, and HEVs. The BEVs segment dominated the global lightweight materials for EV market in 2019 in terms of volume and is expected to maintain its dominance through the forecast period.

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The trends of the global lightweight materials market for electric vehicles vary with different regions. The key regions covered in the report are North America, Europe, and Asia-Pacific & Japan (APJ), among others. The report also provides in every region, a country-based analysis (for all the leading countries), including the U.S., the U.K., China, Japan, South Korea, France, and Germany, among others. Each regional analysis details about various drivers and challenges, in addition to the key players and applications in that particular region.

The companies profiled in the report are SSAB AB, Toray Industries, Inc., Arcelor Mittal S.A., SABIC, ThyssenKrupp AG, Solvay S.A., SGL Carbon SE, Covestro AG, DuPont de Nemours, Inc., Celanese Corporation, Novelis Inc., Nippon Steel Corporation, LyondellBasell Industries, BASF SE, and Constellium SE.

Business and corporate strategies provide an organization the edge to understand its key business strategy in the industry, its current competitors, and potential future competitors that might have made their way into the market. This chapter details the latest strategies and developments adopted by the key market players in the global lightweight materials for EV market. To lead the market as well as engage in the process of market growth, a company needs to bring new products to the market, invest toward innovations, and collaborate with other top tiers 1 component providers to further strengthen its market position. The global lightweight materials for EV market has witnessed several strategic and technological developments in the past few years, undertaken by the different market players to attain their respective market shares in this emerging domain. Some of the strategies covered in this segment are product launches, partnerships and collaborations, and investments.

The battery EVs (BEV) segment is expected to dominate the global lightweight materials for EV market during the forecast period 2020-2025. The domination of the segment is due to the increasing demand for battery EVs coupled with the widespread use of lightweight materials for various applications.

Key Questions Answered in this Report:

• What are the key drivers and challenges in the global lightweight materials for EV market?
• How does the supply chain function in the EV's Lightweight Materials industry?
• What will be the potential impact of COVID-19 on the EV's Lightweight Materials market?
• Which product segment is estimated to witness the maximum demand growth in the global lightweight materials for EV market during 2019-2025?
• Which are the key application areas for which different lightweight material types may experience high demand during the forecast period, 2020-2025?
• Who are the key suppliers of different lightweight materials?
• What are the business and corporate strategies adopted by manufacturers involved in the EV's Lightweight Materials report?
• Which regions and countries are leading in terms of consumption of the global lightweight materials for EV market, and which of them are expected to witness high demand growth from 2019 to 2025?
• What are the key consumer attributes in various regions for lightweight materials for EV market?

About BIS Research:

BIS Research (Business Intelligence and Strategy Research) is a global B2B market intelligence and advisory firm focusing on those emerging technological trends which are likely to disrupt the dynamics of the market.
With over 150 market research reports published annually, BIS Research focuses on high technology verticals such as 3D Printing, Advanced Materials and Chemicals, Aerospace and Defense, Automotive, Healthcare, Electronics and Semiconductors, Robotics and UAV, and other emerging technologies.

Our in-depth market intelligence reports focus on the market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.

What distinguishes BIS Research from the rest of the players is that we don’t simply provide data but also complement it with valuable insights and actionable inputs for the success of our clients.

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