The Germany lightweight materials for EV market is expected to develop with a CAGR of 16.24% during the forecasting years, capturing a revenue share of $1316.19 million by 2028. While the base year considered for the studied market is 2021, the forecast period is from 2022 to 2028.
GERMANY LIGHTWEIGHT MATERIALS FOR EV MARKET FORECAST 2022-2028
Germany 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)
The Germany lightweight materials for EV market is expected to develop with a CAGR of 16.24% during the forecasting years, capturing a revenue share of $1316.19 million by 2028. While the base year considered for the studied market is 2021, the forecast period is from 2022 to 2028.
The Germany lightweight materials for EV market growth is fueled by key drivers, including the rising investments by the country’s government and measures undertaken to make the transportation industry compliant with the nation’s goals for climate preservation.
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On account of the increasing demand for lighter vehicles, electric vehicle manufacturers are displacing conventional materials and investing in lightweight materials. This factor can significantly help reduce the overall weight of the vehicle, thus boosting market growth. Moreover, owing to the rising adoption of HEVs, PHEVs, and BEVs, several leading companies are also encouraged to invest in lightweight automotive materials. Lightweight materials, such as high-strength steel, polymer composites, magnesium, and aluminum, can aid OEMs in creating the next generation of lightweight vehicles aligning with novel regulatory standards for safety, performance, and emissions.
Germany is at the forefront in terms of electric vehicle manufacturing in Europe, in addition to being ranked as one of the most important markets. The country’s government, in its German Development and Resilience Plan (DARP), has also emphasized Climate-friendly mobility, entailing steps to make the transportation industry compliant with Germany’s objectives and aims for climate preservation. In this regard, the long-term goal is to foster the adoption of state-of-the-art and innovative technologies while improving the energy and carbon footprint of the German transportation industry. As a result, these factors are projected to play an essential role in proliferating the lightweight materials for EV market growth in Germany over the forecast period.
The Germany lightweight materials for EV market is segmented into material type and end use. The end use segment includes battery electric vehicle, plug-in hybrid vehicle, and hybrid electric vehicle. Plug-in hybrid electric vehicles, or PHEVs, comprise an engine as well as an electric motor in order to power the vehicle. In addition to utilizing a battery to power an electric motor, PHEVs use fuels, such as gasoline or diesel, for the internal combustion engine. Since the battery pack in a PHEV is relatively larger compared to a regular hybrid electric vehicle, the automobile can predominantly operate on electricity during short trips.
Conversely, the introduction of new vehicles, as well as market expansions initiated by various top manufacturers, contribute to the notable growth of PHEVs. Also, given their increased component count, PHEV vehicles further necessitate light-weighting. In some circumstances, they must be built extremely lightweight to improve the limited range where the vehicle can travel only on electricity.
Leading enterprises operating in the Germany lightweight materials for EV market are BASF SE, Constellium SE, LyondellBasell Industries NV, Covestro AG, etc.
Covestro AG, headquartered in Germany, is a supplier of high-tech polymer materials as well as application solutions specifically developed for these materials. The company’s two reportable segments include Solutions & Specialties and Performance Materials. Covestro mainly manufactures precursors for polyurethane foams, in addition to high-performance plastic polycarbonate and precursors for adhesives, coatings, sealants, and specialty products, such as films. The company’s product portfolio also entails by-products like styrene and other precursors such as chlorine.
Report Synopsis
| Report Scope | Details |
| Market Forecast Years | 2022-2028 |
| Base Year | 2021 |
| Market Historical Years | 2018-2021 |
| Forecast Units | Revenue ($ Million) |
| Segments Analyzed | Material Type and End Use |
| Country Analyzed | Germany |
| Companies Analyzed | BASF SE, Constellium SE, Covestro AG, LyondellBasell Industries NV, SGL Carbon SE, Solvay SA, Thyssenkrupp AG |
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- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- COUNTRY SNAPSHOT
- COUNTRY ANALYSIS
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY ANALYTICS
- IMPACT OF COVID-19 ON LIGHTWEIGHT MATERIALS FOR EV MARKET
- PESTLE ANALYSIS
- POLITICAL
- ECONOMICAL
- SOCIAL
- TECHNOLOGICAL
- LEGAL
- ENVIRONMENT
- 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
- COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- PRODUCT LAUNCHES & DEVELOPMENTS
- PARTNERSHIPS & AGREEMENTS
- BUSINESS EXPANSIONS & DIVESTITURES
- COMPANY PROFILES
- BASF SE
- CONSTELLIUM SE
- COVESTRO AG
- LYONDELLBASELL INDUSTRIES NV
- SGL CARBON SE
- SOLVAY SA
- THYSSENKRUPP AG
- KEY STRATEGIC DEVELOPMENTS
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – LIGHTWEIGHT MATERIALS FOR EV MARKET
TABLE 2: GERMANY LIGHTWEIGHT MATERIALS FOR EV MARKET, BY MATERIAL TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 3: GERMANY LIGHTWEIGHT MATERIALS FOR EV MARKET, BY MATERIAL TYPE, FORECAST YEARS, 2022-2028 (IN $ MILLION)
TABLE 4: GERMANY LIGHTWEIGHT MATERIALS FOR EV MARKET, BY METALS, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 5: GERMANY LIGHTWEIGHT MATERIALS FOR EV MARKET, BY METALS, FORECAST YEARS, 2022-2028 (IN $ MILLION)
TABLE 6: GERMANY LIGHTWEIGHT MATERIALS FOR EV MARKET, BY BODY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 7: GERMANY LIGHTWEIGHT MATERIALS FOR EV MARKET, BY BODY, FORECAST YEARS, 2022-2028 (IN $ MILLION)
TABLE 8: GERMANY LIGHTWEIGHT MATERIALS FOR EV MARKET, BY COMPOSITES, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 9: GERMANY LIGHTWEIGHT MATERIALS FOR EV MARKET, BY COMPOSITES, FORECAST YEARS, 2022-2028 (IN $ MILLION)
TABLE 10: GERMANY LIGHTWEIGHT MATERIALS FOR EV MARKET, BY PLASTICS & ELASTOMERS, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 11: GERMANY LIGHTWEIGHT MATERIALS FOR EV MARKET, BY PLASTICS & ELASTOMERS, FORECAST YEARS, 2022-2028 (IN $ MILLION)
TABLE 12: GERMANY LIGHTWEIGHT MATERIALS FOR EV MARKET, BY END-USE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 13: GERMANY LIGHTWEIGHT MATERIALS FOR EV MARKET, BY END-USE, FORECAST YEARS, 2022-2028 (IN $ MILLION)
TABLE 14: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 15: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 16: 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: GERMANY LIGHTWEIGHT MATERIALS FOR EV MARKET, GROWTH POTENTIAL, BY MATERIAL TYPE, IN 2021
FIGURE 7: GERMANY LIGHTWEIGHT MATERIALS FOR EV MARKET, BY METALS, 2022-2028 (IN $ MILLION)
FIGURE 8: GERMANY LIGHTWEIGHT MATERIALS FOR EV MARKET, GROWTH POTENTIAL, BY METALS, IN 2021
FIGURE 9: GERMANY LIGHTWEIGHT MATERIALS FOR EV MARKET, BY BODY, 2022-2028 (IN $ MILLION)
FIGURE 10: GERMANY LIGHTWEIGHT MATERIALS FOR EV MARKET, GROWTH POTENTIAL, BY BODY, IN 2021
FIGURE 11: GERMANY LIGHTWEIGHT MATERIALS FOR EV MARKET, BY BODY IN WHITE, 2022-2028 (IN $ MILLION)
FIGURE 12: GERMANY LIGHTWEIGHT MATERIALS FOR EV MARKET, BY CLOSURES, 2022-2028 (IN $ MILLION)
FIGURE 13: GERMANY LIGHTWEIGHT MATERIALS FOR EV MARKET, BY OTHERS, 2022-2028 (IN $ MILLION)
FIGURE 14: GERMANY LIGHTWEIGHT MATERIALS FOR EV MARKET, BY SUSPENSION, 2022-2028 (IN $ MILLION)
FIGURE 15: GERMANY LIGHTWEIGHT MATERIALS FOR EV MARKET, BY TRANSMISSION SYSTEM, 2022-2028 (IN $ MILLION)
FIGURE 16: GERMANY LIGHTWEIGHT MATERIALS FOR EV MARKET, BY OTHERS, 2022-2028 (IN $ MILLION)
FIGURE 17: GERMANY LIGHTWEIGHT MATERIALS FOR EV MARKET, BY COMPOSITES, 2022-2028 (IN $ MILLION)
FIGURE 18: GERMANY LIGHTWEIGHT MATERIALS FOR EV MARKET, GROWTH POTENTIAL, BY COMPOSITES, IN 2021
FIGURE 19: GERMANY LIGHTWEIGHT MATERIALS FOR EV MARKET, BY BODY, 2022-2028 (IN $ MILLION)
FIGURE 20: GERMANY LIGHTWEIGHT MATERIALS FOR EV MARKET, BY SUSPENSION, 2022-2028 (IN $ MILLION)
FIGURE 21: GERMANY LIGHTWEIGHT MATERIALS FOR EV MARKET, BY OTHERS, 2022-2028 (IN $ MILLION)
FIGURE 22: GERMANY LIGHTWEIGHT MATERIALS FOR EV MARKET, BY PLASTICS & ELASTOMERS, 2022-2028 (IN $ MILLION)
FIGURE 23: GERMANY LIGHTWEIGHT MATERIALS FOR EV MARKET, GROWTH POTENTIAL, BY PLASTICS & ELASTOMERS, IN 2021
FIGURE 24: GERMANY LIGHTWEIGHT MATERIALS FOR EV MARKET, BY BODY, 2022-2028 (IN $ MILLION)
FIGURE 25: GERMANY LIGHTWEIGHT MATERIALS FOR EV MARKET, BY INTERIOR, 2022-2028 (IN $ MILLION)
FIGURE 26: GERMANY LIGHTWEIGHT MATERIALS FOR EV MARKET, BY OTHERS, 2022-2028 (IN $ MILLION)
FIGURE 27: GERMANY LIGHTWEIGHT MATERIALS FOR EV MARKET, GROWTH POTENTIAL, BY END-USE, IN 2021
FIGURE 28: GERMANY LIGHTWEIGHT MATERIALS FOR EV MARKET, BY BATTERY ELECTRIC VEHICLE, 2022-2028 (IN $ MILLION)
FIGURE 29: GERMANY LIGHTWEIGHT MATERIALS FOR EV MARKET, BY PLUG-IN HYBRID VEHICLE, 2022-2028 (IN $ MILLION)
FIGURE 30: GERMANY LIGHTWEIGHT MATERIALS FOR EV MARKET, BY HYBRID ELECTRIC VEHICLE, 2022-2028 (IN $ MILLION)
- 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
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