NEW YORK, Sept. 30, 2020 /PRNewswire/ --
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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 global lightweight
materials for EV market?
• What will be the potential impact of COVID-19 on the 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 global lightweight materials for EV
market?
• 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?
Global Lightweight Materials for EV Market Forecast, 2020-2025
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.
Expert Quote
"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."
Impact of COVID-19
The automotive industry, in particular, has borne the brunt of the
pandemic, owing to the ongoing lockdown, the decrease in sales, and
the impending apprehensions to invest in future ambitious
projects.A sharp decline in global automotive trends has been
witnessed in the first four months.
However, the sales of electric vehicles can pick up pace in
China and in various countries of
Europe from the second half of
2020, as these countries emerge out of the lockdowns. China also, aims to further scale up the
reduced incentives to negate the effect of the pandemic.
Scope of the Global Lightweight Materials for EV Market
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.
Market Segmentation
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.
Based on the region, the global lightweight materials for EV market
for EV batteries has been segmented into Asia-Pacific & Japan, Europe, U.K., China, North
America, and Rest-of-the-World. Each region is further
segmented into countries. Data for each of these regions and
countries is provided by product type and propulsion.
Key Companies in the Global Lightweight Materials for EV
Market
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.
Countries Covered
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• France
• Rest-of-Europe
• U.K.
• China
• Asia-Pacific & Japan
• Japan
• South Korea
• Rest-of-Asia-Pacific &
Japan
• Rest-of-the-World (RoW)
• South America
• Middle East and Africa
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