Us Automotive Material Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Automotive Material Market was valued at USD 150 Billion in 2022 and is projected to reach USD 220 Billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030.
The U.S. automotive material market is undergoing a significant transformation, driven by the increasing demand for lightweight, sustainable, and high-performance materials. This shift is essential for enhancing fuel efficiency, reducing emissions, and meeting stringent environmental regulations. The market is projected to reach a revenue of $25.9 billion by 2030, growing at a compound annual growth rate (CAGR) of 3.1% from 2025 to 2030. citeturn0search0
Key segments within the automotive material market include metals, composites, plastics, and elastomers. Among these, composites have emerged as the largest revenue-generating product, offering superior strength-to-weight ratios and design flexibility. Plastics are the fastest-growing segment, driven by their cost-effectiveness and versatility in manufacturing processes. citeturn0search0
In recent developments, MP Materials, a U.S. producer of rare earth minerals, has reported a 48% increase in revenue, reaching $60.98 million in the fourth quarter. The company is on track to manufacture automotive-grade magnets for General Motors by late 2025, marking a pivotal step in restoring the U.S. rare earth magnet supply chain. citeturn0news12
Additionally, BENTELER Automotive Division has partnered with ArcelorMittal to broaden its portfolio with CO2-reduced products, aiming to meet the growing demand for sustainable materials in the automotive industry. citeturn0search5
Despite these advancements, the market faces challenges such as fluctuating raw material prices and supply chain disruptions. For instance, the reinstatement of a 25% steel tariff by the U.S. government has impacted the cost structures of automotive manufacturers. citeturn0search6
Looking ahead, the U.S. automotive material market is expected to continue its growth trajectory, driven by technological innovations, regulatory pressures, and the industry's commitment to sustainability. The integration of advanced materials like carbon fiber and bio-based composites is anticipated to play a crucial role in shaping the future of automotive manufacturing.
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AK Steel
National Steel
General Electric
DuPont
Bayer AG
A. Schulman
Alcoa
Mitsui Chemicals
Johnson Matthey
ThyssenKrupp AG
Toray Industries
Norsk Hydro
ArcelorMittal S.A
Novelis Inc
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Automotive Material Market
Metals
Plastics
Composites
Elastomers
Exterior Components
Interior Components
Powertrain
Others
Passenger Vehicles
Commercial Vehicles
Electric Vehicles (EVs)
Two-Wheelers
Structural Materials
Non-Structural Materials
Performance Enhancing Materials
Thermal Management Materials
OEMs (Original Equipment Manufacturers)
Aftermarket
Fleet Operators
Research and Development
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Automotive Material Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Automotive Material Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive Material Market, By Type
6. Global Automotive Material Market, By Application
7. Global Automotive Material Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Automotive Material Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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