Lightweight Materials Market Overview
The Lightweight Materials Market research report distinguishes various factors driving the market development and additionally it offers details about Market Size, Share, Growth, Future prospects, upcoming trends, demand, drivers, key players & forecast. Lightweight Materials Market research report represents a detailed overview of the current market situation and analysis by Type (Composites, Metals, Plastics), Application (Automotive, Aviation, Marine, Wind Energy).
The automotive industry accounts for 89% of the total lightweight materials market in terms of volume. It is the largest market for these materials. The automotive industry is increasingly utilizing lightweight materials to replace traditional materials. The shift is mainly attributed to the revised vehicle emissions and stringent regulation deadlines.
The lightweight materials such as aluminum and high-strength steel have properties that help reduce vehicle weight without compromising the safety aspects of the vehicle. These metals have higher strength than steel and also provide enhanced fuel efficiency. In addition, these metals provide more benefits other than reduced weight. Major players such as Jaguar, BMW, Mercedes-Benz, Audi, and many more have adopted lightweight materials for the manufacture of cars.
The need for renewable energy has led to an increase in wind power plants. The wind energy industry in recent times has taken on use of composite materials. Similarly, the aviation industry has increased the use of composites for airplane structure.
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Lightweight Materials Market Key Players
- ArcelorMittal S.A. (Luxembourg)
- Alcoa Inc. (U.S.)
- Saudi Basic Industries Corporation (Saudi Arabia)
- PPG Industries, Inc. (U.S.)
- Toray Industries, Inc. (Japan)
Lightweight Materials Market Segmentation
The report has segmented the market on the based on type, application and geography.
By Type
- Composites
- Carbon Fiber Reinforced Plastic
- Glass Fiber Reinforced Plastic
- Metals
- Aluminum
- High Strength Steel
- Magnesium
- Titanium
- Plastics
- Polycarbonate
- Polypropylene
By Application
- Automotive
- Aviation
- Marine
- Wind Energy
The automotive industry has a high share in the lightweight materials market. The lightweight materials market in automotive industry is in the growth stage and is estimated to grow exponentially. The adoption of light metals and composite materials to reduce weight of vehicles is the current trend in the industry boosting the overall demand for lightweight materials for automotive utilization. The need to enhance fuel efficiency of vehicles has led to replacement of traditional materials with lightweight materials.
The aviation industry has the second-largest share in the market. The aviation industry has been moving to lightweight materials as well. The stringent emission regulations have contributed to the growth of the market.
By Geography
- Asia-Pacific
- Europe
- North America
- Rest of the World
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North American and Asia-Pacific regions are the largest consumers of lightweight materials. The market in China for lightweight materials is estimated to grow at a high rate in the recent years.
The automotive industry has a high share in the lightweight materials market. The lightweight materials market in automotive industry is in the growth stage and is estimated to grow exponentially. The adoption of light metals and composite materials to reduce weight of vehicles is the current trend in the industry boosting the overall demand for lightweight materials for automotive utilization. The need to enhance fuel efficiency of vehicles has led to replacement of traditional materials with lightweight materials.
The aviation industry has the second-largest share in the market. The aviation industry has been moving to lightweight materials as well. The stringent emission regulations have contributed to the growth of the market.
Table of Contents
1 Introduction (Page No. – 31)
1.1 Objectives Of The Report
1.2 Report Description
1.3 Market At A Glance
1.3.1 Lightweight Materials, By Type
1.3.2 By Application
1.3.3 By Region
1.4 Stakeholders
1.5 Research Methodology & Assumptions
1.5.1 Key Data Points Taken Away From Secondary Sources
1.5.2 Key Data Points Taken Away From Primary Sources
2 Executive Summary (Page No. – 46)
2.1 Introduction
2.2 Industry Snapshot
3 Premium Insigths (Page No. – 49)
3.1 Lightweight Materials Market Share, By Type & Application
3.2 Market Attractiveness, By Type
3.3 Market Attractiveness, By Application
3.4 Market Share, By Region
Continued…
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