The Europe lightweight materials for EV market is evaluated to project a CAGR of 17.61% across the forecast years of 2022 to 2030, reaching a revenue share of $5789.84 million by 2030.
EUROPE LIGHTWEIGHT MATERIALS FOR EV MARKET FORECAST 2022-2030
Europe Lightweight Materials for EV Market by Material Type (Metals, Composites, Plastics & Elastomers) Market by End Use (Battery Electric Vehicle, Plug-in Hybrid Vehicle, Hybrid Electric Vehicle) by Geography
The Europe lightweight materials for EV market is evaluated to project a CAGR of 17.61% across the forecast years of 2022 to 2030, reaching a revenue share of $5789.84 million by 2030.
Key factors like the presence of major industry players, the surging production rates within the automotive industry, government initiatives and investments, as well as research and development (R&D), are set to augment the growth of the region’s market. However, the Europe lightweight materials for EV market is expected to face challenges such as rigid business operations due to standard regulations in terms of greenhouse gas (GHG) emissions.
To know more about this report, request a free sample copy
The Europe lightweight materials for EV market growth assessment entails the study of the United Kingdom, Germany, France, Italy, Spain, and Rest of Europe. The United Kingdom’s government has developed numerous plans in order to promote the adoption of electric vehicles in the nation. For instance, the UK electric vehicle infrastructure strategy entails an action plan for the development of charging infrastructure within the United Kingdom. The government also intends to cease the sale of new petrol and diesel automobiles by the year 2030 and for all new vans as well as cars to be completely zero-emission at the tailpipe by 2035. Furthermore, the United Kingdom’s government has established a ten-point plan of approximately $14.50 billion for a green industrial revolution, with one of the aspects linked to developing its strategy for zero-emissions vehicles.
Conversely, France’s government highlighted specific measures for the promotion of green transportation as part of the nation’s recovery and resilience plan. In this regard, the France 2030 investment plan by the French government aims to support the production of nearly two million hybrid and electric automobiles with an investment of $2.56 billion for the same. As a result, these factors are set to play a crucial role in propelling the demand for lightweight materials for EVs, thus fueling the market growth during the forecast period.
The Europe lightweight materials for EV market is segmented into material type and end use. The material type segment includes metals, composites, and plastics & elastomers. With the need to reduce vehicle weight in order to improve performance, the use of plastics and elastomers in electric vehicles has substantially increased over recent years. Moreover, while these materials are found in the instrument panels, floors, and seats, the interior of electric vehicles is where plastics and elastomers are predominantly used.
Polymers and elastomers offer improved electrical and chemical resistance and are typically employed as noise and vibration dampeners as well as thermal insulators in electric vehicles. Furthermore, they are also utilized in the closures and bumpers of the automobile, in addition to the interiors.
The top companies operating in the Europe lightweight materials for EV market are Covestro AG, ThyssenKrupp AG, etc.
BASF SE, headquartered in Germany, is a chemical company that operates through six segments. These include Chemicals, Agricultural Solutions, Industrial Solutions, Surface Technologies, Materials, and Nutrition & Care. BASF also supplies products and services to nearly 90,000 customers across varied sectors ranging from end consumers to major international customers and small- to medium-sized enterprises.
BASF’s Ultramid® grades are characterized as molding compounds based on PA6, PA66, and numerous co-polyamides, including PA66/6. The molding compounds are available as reinforced with glass fibers or minerals, unreinforced, and reinforced with long-glass fibers for unique applications.
Report Synopsis
Report Scope | Details |
| Market Forecast Years | 2022-2030 |
| Base Year | 2021 |
| Market Historical Years | 2018-2021 |
| Forecast Units | Revenue ($ Million) |
| Segments Analyzed | Material Type and End Use |
| Countries Analyzed | The United Kingdom, Germany, France, Italy, Spain, and Rest of Europe |
| Companies Analyzed | BASF SE, Celanese Corporation, Constellium SE, Covestro AG, LyondellBasell Industries NV, Novelis Inc, Sabic, SGL Carbon SE, Solvay SA, Thyssenkrupp AG, Toray Industries Inc |
To request a free sample copy of this report, please complete the form below:
We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.
- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
- MARKET DYNAMICS
- KEY DRIVERS
- EXPANSION OF EV DRIVE RANGE
- STRINGENT GOVERNMENT REGULATIONS ON VEHICLE EMISSIONS
- KEY RESTRAINTS
- HIGH COST OF LIGHTWEIGHT MATERIALS
- KEY DRIVERS
- KEY ANALYTICS
- IMPACT OF COVID-19 ON LIGHTWEIGHT MATERIALS FOR EV MARKET
- KEY MARKET TRENDS
- PORTER’S FIVE FORCES ANALYSIS
- BUYERS POWER
- SUPPLIERS POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- VALUE CHAIN ANALYSIS
- MARKET BY MATERIAL TYPE
- METALS
- BODY
- BODY IN WHITE
- CLOSURES
- OTHERS
- SUSPENSION
- TRANSMISSION SYSTEM
- OTHERS
- BODY
- COMPOSITES
- BODY
- SUSPENSION
- OTHERS
- PLASTICS & ELASTOMERS
- BODY
- INTERIOR
- OTHERS
- METALS
- MARKET BY END USE
- BATTERY ELECTRIC VEHICLE
- PLUG-IN HYBRID VEHICLE
- HYBRID ELECTRIC VEHICLE
- GEOGRAPHICAL ANALYSIS
- EUROPE
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED KINGDOM
- GERMANY
- FRANCE
- ITALY
- SPAIN
- REST OF EUROPE
- EUROPE
- COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- PRODUCT LAUNCHES & DEVELOPMENTS
- PARTNERSHIPS & AGREEMENTS
- BUSINESS EXPANSIONS & DIVESTITURES
- COMPANY PROFILES
- BASF SE
- CELANESE CORPORATION
- CONSTELLIUM SE
- COVESTRO AG
- LYONDELLBASELL INDUSTRIES NV
- NOVELIS INC
- SABIC
- SGL CARBON SE
- SOLVAY SA
- THYSSENKRUPP AG
- TORAY INDUSTRIES INC
- KEY STRATEGIC DEVELOPMENTS
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – LIGHTWEIGHT MATERIALS FOR EV MARKET
TABLE 2: EUROPE LIGHTWEIGHT MATERIALS FOR EV MARKET, BY MATERIAL TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 3: EUROPE LIGHTWEIGHT MATERIALS FOR EV MARKET, BY MATERIAL TYPE, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 4: EUROPE LIGHTWEIGHT MATERIALS FOR EV MARKET, BY METALS, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 5: EUROPE LIGHTWEIGHT MATERIALS FOR EV MARKET, BY METALS, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 6: EUROPE LIGHTWEIGHT MATERIALS FOR EV MARKET, BY BODY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 7: EUROPE LIGHTWEIGHT MATERIALS FOR EV MARKET, BY BODY, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 8: EUROPE LIGHTWEIGHT MATERIALS FOR EV MARKET, BY COMPOSITES, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 9: EUROPE LIGHTWEIGHT MATERIALS FOR EV MARKET, BY COMPOSITES, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 10: EUROPE LIGHTWEIGHT MATERIALS FOR EV MARKET, BY PLASTICS & ELASTOMERS, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 11: EUROPE LIGHTWEIGHT MATERIALS FOR EV MARKET, BY PLASTICS & ELASTOMERS, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 12: EUROPE LIGHTWEIGHT MATERIALS FOR EV MARKET, BY END USE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 13: EUROPE LIGHTWEIGHT MATERIALS FOR EV MARKET, BY END USE, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 14: EUROPE LIGHTWEIGHT MATERIALS FOR EV MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 15: EUROPE LIGHTWEIGHT MATERIALS FOR EV MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 16: KEY PLAYERS OPERATING IN EUROPE LIGHTWEIGHT MATERIALS FOR EV MARKET
TABLE 17: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 18: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 19: LIST OF BUSINESS EXPANSIONS & DIVESTITURES
LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER’S FIVE FORCES ANALYSIS
FIGURE 3: OPPORTUNITY MATRIX
FIGURE 4: VENDOR LANDSCAPE
FIGURE 5: VALUE CHAIN ANALYSIS
FIGURE 6: EUROPE LIGHTWEIGHT MATERIALS FOR EV MARKET, GROWTH POTENTIAL, BY MATERIAL TYPE, IN 2021
FIGURE 7: EUROPE LIGHTWEIGHT MATERIALS FOR EV MARKET, BY METALS, 2022-2030 (IN $ MILLION)
FIGURE 8: EUROPE LIGHTWEIGHT MATERIALS FOR EV MARKET, GROWTH POTENTIAL, BY METALS, IN 2021
FIGURE 9: EUROPE LIGHTWEIGHT MATERIALS FOR EV MARKET, BY BODY, 2022-2030 (IN $ MILLION)
FIGURE 10: EUROPE LIGHTWEIGHT MATERIALS FOR EV MARKET, GROWTH POTENTIAL, BY BODY, IN 2021
FIGURE 11: EUROPE LIGHTWEIGHT MATERIALS FOR EV MARKET, BY BODY IN WHITE, 2022-2030 (IN $ MILLION)
FIGURE 12: EUROPE LIGHTWEIGHT MATERIALS FOR EV MARKET, BY CLOSURES, 2022-2030 (IN $ MILLION)
FIGURE 13: EUROPE LIGHTWEIGHT MATERIALS FOR EV MARKET, BY OTHERS, 2022-2030 (IN $ MILLION)
FIGURE 14: EUROPE LIGHTWEIGHT MATERIALS FOR EV MARKET, BY SUSPENSION, 2022-2030 (IN $ MILLION)
FIGURE 15: EUROPE LIGHTWEIGHT MATERIALS FOR EV MARKET, BY TRANSMISSION SYSTEM, 2022-2030 (IN $ MILLION)
FIGURE 16: EUROPE LIGHTWEIGHT MATERIALS FOR EV MARKET, BY OTHERS, 2022-2030 (IN $ MILLION)
FIGURE 17: EUROPE LIGHTWEIGHT MATERIALS FOR EV MARKET, BY COMPOSITES, 2022-2030 (IN $ MILLION)
FIGURE 18: EUROPE LIGHTWEIGHT MATERIALS FOR EV MARKET, GROWTH POTENTIAL, BY COMPOSITES, IN 2021
FIGURE 19: EUROPE LIGHTWEIGHT MATERIALS FOR EV MARKET, BY BODY, 2022-2030 (IN $ MILLION)
FIGURE 20: EUROPE LIGHTWEIGHT MATERIALS FOR EV MARKET, BY SUSPENSION, 2022-2030 (IN $ MILLION)
FIGURE 21: EUROPE LIGHTWEIGHT MATERIALS FOR EV MARKET, BY OTHERS, 2022-2030 (IN $ MILLION)
FIGURE 22: EUROPE LIGHTWEIGHT MATERIALS FOR EV MARKET, BY PLASTICS & ELASTOMERS, 2022-2030 (IN $ MILLION)
FIGURE 23: EUROPE LIGHTWEIGHT MATERIALS FOR EV MARKET, GROWTH POTENTIAL, BY PLASTICS & ELASTOMERS, IN 2021
FIGURE 24: EUROPE LIGHTWEIGHT MATERIALS FOR EV MARKET, BY BODY, 2022-2030 (IN $ MILLION)
FIGURE 25: EUROPE LIGHTWEIGHT MATERIALS FOR EV MARKET, BY INTERIOR, 2022-2030 (IN $ MILLION)
FIGURE 26: EUROPE LIGHTWEIGHT MATERIALS FOR EV MARKET, BY OTHERS, 2022-2030 (IN $ MILLION)
FIGURE 27: EUROPE LIGHTWEIGHT MATERIALS FOR EV MARKET, GROWTH POTENTIAL, BY END USE, IN 2021
FIGURE 28: EUROPE LIGHTWEIGHT MATERIALS FOR EV MARKET, BY BATTERY ELECTRIC VEHICLE, 2022-2030 (IN $ MILLION)
FIGURE 29: EUROPE LIGHTWEIGHT MATERIALS FOR EV MARKET, BY PLUG-IN HYBRID VEHICLE, 2022-2030 (IN $ MILLION)
FIGURE 30: EUROPE LIGHTWEIGHT MATERIALS FOR EV MARKET, BY HYBRID ELECTRIC VEHICLE, 2022-2030 (IN $ MILLION)
FIGURE 31: EUROPE LIGHTWEIGHT MATERIALS FOR EV MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)
FIGURE 32: UNITED KINGDOM LIGHTWEIGHT MATERIALS FOR EV MARKET, 2022-2030 (IN $ MILLION)
FIGURE 33: GERMANY LIGHTWEIGHT MATERIALS FOR EV MARKET, 2022-2030 (IN $ MILLION)
FIGURE 34: FRANCE LIGHTWEIGHT MATERIALS FOR EV MARKET, 2022-2030 (IN $ MILLION)
FIGURE 35: ITALY LIGHTWEIGHT MATERIALS FOR EV MARKET, 2022-2030 (IN $ MILLION)
FIGURE 36: SPAIN LIGHTWEIGHT MATERIALS FOR EV MARKET, 2022-2030 (IN $ MILLION)
FIGURE 37: REST OF EUROPE LIGHTWEIGHT MATERIALS FOR EV MARKET, 2022-2030 (IN $ MILLION)
- GEOGRAPHICAL ANALYSIS
- EUROPE
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED KINGDOM
- GERMANY
- FRANCE
- ITALY
- SPAIN
- REST OF EUROPE
- EUROPE
- MARKET BY MATERIAL TYPE
- METALS
- BODY
- BODY IN WHITE
- CLOSURES
- OTHERS
- SUSPENSION
- TRANSMISSION SYSTEM
- OTHERS
- BODY
- COMPOSITES
- BODY
- SUSPENSION
- OTHERS
- PLASTICS & ELASTOMERS
- BODY
- INTERIOR
- OTHERS
- METALS
- MARKET BY END USE
- BATTERY ELECTRIC VEHICLE
- PLUG-IN HYBRID VEHICLE
- HYBRID ELECTRIC VEHICLE
To request a free sample copy of this report, please complete the form below :
We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.