Lightweight Materials Market, By Materials (Aluminum, High Strength Steel, Titanium, Magnesium, Poly

Published Date: | Report Code : MT1953019

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Lightweight Materials Market have a high strength-to-weight ratio, outstanding resistance to corrosion, and increased flexibility in design. Its effectiveness relies on the alloy or composite combination used. Lightweight materials like high strength steel, aluminum alloys, magnesium alloys, and titanium alloys are metal alloys, which are easy to forge by forming, machining and welding, and are therefore used in various industries, such as automotive, aerospace, wind and others.

High-strength steel and aluminum are currently becoming more common, but polymers and composites are anticipated to gain more popularity due to price reductions and enhanced polymer and composite manufacturing. Due to the increase in demand for fuel-efficient and lightweight vehicles around the globe, the quantity of lightweight materials used in automotive is expected to increase, fueling the overall market growth.

Aluminum, high-strength steel and polymers & composites dominate the lightweight materials industry and are anticipated to continue to do so in the future. It is anticipated that their enhanced implementation in different areas will increase demand. 

Key Factors Impacting Market Growth:

  • Increased use in the production of aircraft
  • Enhanced use of lightweight materials in the energy application
  • Fluctuating prices of raw material

Regional Analysis:

The lightweight materials market by region has been segmented by North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and the Rest of the World. North America and Western Europe are major regions for the lightweight materials market owing to diversified demand from end-use industries and competitive scenarios. Some of the major end-use industries in these regions include automotive, aviation, energy and others. These markets have been dynamic in terms of new product developments and related activities. Hence, some of the emerging sub-segments in this market promise high potential in this region. Major countries for lightweight materials market in these regions include the US, Germany, France, UK, Canada, Italy, and so on. Recent economic slowdowns, trade implications and environmental concerns are some of the key impact factors influencing the market dynamics in these regions.

Developing regions including Asia Pacific, South America, and Africa have witnessed key developments in terms of organic and inorganic growth strategies. Global companies have made strategic investments in these regions with favorable production conditions and high demand from end-use industries. China, India, Brazil, South Africa, South Korea, Japan, and others have been some of the key economies in the region. Automotive, aviation, energy and others  are some of the major industries in the region with strong potential for the lightweight materials market. Middle East promises a strong market potential with demand from countries including UAE, Saudi Arabia, Qatar, and others that are seeking to diversify the economic outlook. Eastern Europe consisting of Russia and Turkey is also estimated as one of key markets with demand from automotive, aviation, energy and others.

Companies Covered: E.I DuPont de Nemours and Company, Cytec Industries Inc., ExxonMobil Corporation, SABIC, Bayer AG, Toray Industries Inc., Novelis Inc., ArcelorMittal SA, PPG Industries Inc., and Alcoa Inc. 

Market Segmentation:

By Materials:

  • Aluminum
  • High Strength Steel
  • Titanium
  • Magnesium
  • Polymers & Composites
  • Others

By Application:

  • Automotive
  • Aviation
  • Energy
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Materials
    • By Applications
  • Western Europe:
    • By Country (Germany, UK, France, Spain, Rest of Western Europe)
    • By Materials
    • By Applications
  • Eastern Europe:
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Materials
    • By Applications
  • Asia Pacific
    • By Country (China, Japan, India, Rest of Asia Pacific)
    • By Materials
    • By Applications
  • Middle East:
    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
    • By Materials
    • By Applications
  • Rest of the World
    • By Region (South America, Africa)
    • By Materials
    • By Applications

Reasons To Buy This Report:

  • Market size estimation of the lightweight material market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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