Materials having a high corrosion resistance, high strength-to-weight ratio, and substantial design flexibility are the major demands of customers when looking at automotive components and systems. The main factors influencing automakers to concentrate on material reshaping in the years to come the requirement for weight reduction and higher fuel competence, adhere to ecological regulations, and the altering consumer preferences toward mobility solutions.

With a share of about 40% in 2021, Europe led the industry and it will experience substantial advance in the years to come. The development is being enhanced by the regional presence of key suppliers of the most commodities, along with numerous automakers globally.

To the East, China India, Japan, and South Korea are the key contributors to the APAC automobile sector. Furthermore, the requirement for light materials here will increase with about 10% rate throughout this decade due to the abundant supply of resources and the high requirement for passenger vehicles and commercial automobiles.

Also, the requirement for light composite materials will increase because of the region's strict pollution guidelines and shifting predisposition in the direction of passenger safety. It is expected that BS-VI acquiescence in India and consumer preference for safe-rated vehicles will improve the consumption of these material.

The metal category led the revenue share, more than 40%, in 2021, and it will power considerably in the years to come. Aluminum, magnesium, titanium, and high-strength steel will increase in demand as a result of the requirement for sturdiness in components for example passenger compartment frames, chassis, and underbody floors.

Metallic components are used in vehicles to increase the rigidity, since they are stable and long-lasting. The requirement for metallic components will be supported by the apprehensions pertaining to passenger safety, driving the acceptance of automobiles with high safety ratings in Europe and the APAC region.

Also, without compromising the design or dynamics of the vehicles, composite materials provide it strength and lightness. They are turning out to be more prevalent in the auto sector since they offer robust qualities to the vehicles and are fairly easy to shape.

The automotive lightweight material market will be influenced by the increase in the production of e-cars. Also, the plastics and elastomer material categories will power considerably in the future because of the surge in the preference for premium sedans.
 Due to the growing number of automakers all over the world, the demand for automotive lightweight material is on the rise. This trend will continue to in the years to come as well.