Global Electric Vehicle Lightweight Material Market Growth 2025-2031

The global Electric Vehicle Lightweight Material market size is predicted to grow from US$ 13710 million in 2025 to US$ 61500 million in 2031; it is expected to grow at a CAGR of 28.4% from 2025 to 2031.

Electric Vehicle Lightweight Materials refer to advanced materials and composites specifically designed and engineered to reduce the overall weight of electric vehicles (EVs) while maintaining or improving their structural integrity, safety, and performance. These materials are essential for enhancing the energy efficiency and range of electric vehicles, ultimately contributing to reduced greenhouse gas emissions and a more sustainable transportation future.

Global EV sales continued strong. A total of 10,5 million new BEVs and PHEVs were delivered during 2022, an increase of +55 % compared to 2021. China and Europe emerged as the main drivers of strong growth in global EV sales. In 2022, the production and sales of new energy vehicles in China reach 7.0 million and 6.8 million respectively, a year-on-year increase of 96.9% and 93.4%, with a market share of 25.6%. The production and sales of new energy vehicles have ranked first in the world for eight consecutive years. Among them, the sales volume of pure electric vehicles was 5.365 million, a year-on-year increase of 81.6%. In 2022, sales of pure electric vehicles in Europe will increase by 29% year-on-year to 1.58 million.

LP Information, Inc. (LPI) ' newest research report, the “Electric Vehicle Lightweight Material Industry Forecast” looks at past sales and reviews total world Electric Vehicle Lightweight Material sales in 2024, providing a comprehensive analysis by region and market sector of projected Electric Vehicle Lightweight Material sales for 2025 through 2031. With Electric Vehicle Lightweight Material sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electric Vehicle Lightweight Material industry.

This Insight Report provides a comprehensive analysis of the global Electric Vehicle Lightweight Material landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electric Vehicle Lightweight Material portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Electric Vehicle Lightweight Material market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electric Vehicle Lightweight Material and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electric Vehicle Lightweight Material.

This report presents a comprehensive overview, market shares, and growth opportunities of Electric Vehicle Lightweight Material market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:

Metal

Composite

Plastics

Elastomer

Segmentation by Application:

BEV

PHEV

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.

BASF SE

Toray Industries, Inc.

LyondellBasell

Novelis Inc.

ArcelorMittal

Alcoa Corporation

Owens Corning

Stratasys Ltd.

Tata Steel

POSCO

Key Questions Addressed in this Report

What is the 10-year outlook for the global Electric Vehicle Lightweight Material market?

What factors are driving Electric Vehicle Lightweight Material market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Electric Vehicle Lightweight Material market opportunities vary by end market size?

How does Electric Vehicle Lightweight Material break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.