Lightweight Materials Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Lightweight Materials Market By Type (Metal Alloys, Composites & Polymers and Polymers), By Application (Aerospace, Automotive, Marine, Wind and Others (Transportation, Packaging, and Other Engineered Goods)) and Geography

 

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Report

Description

Lightweight Materials Market size is valued at USD 173.3 billion in 2021 and is expected to grow at a significant CAGR of 4.7% during the forecast period 2022 to 2028. The global market provides a detailed overview and which can be segmented by type, application, and region. By type, the lightweight materials market has been segmented into metal alloys, composites & polymers, and polymers. By type, the metal alloys segment dominated the global market in past years and is anticipated to grow at a CAGR of XX% during the forecast period owing to excellent properties of metal alloys such as low density, high strength-to-weight ratio, and improved corrosive resistance that make them extensive usage in forming machining, and welding applications in several end-use industries, including automobile, aerospace, and wind. Based on the application, the lightweight materials market has been segregated into aerospace, the automotive, marine, wind, and others (transportation, packaging, and other engineered goods. By application, the automobile sector expects to have a significant growth rate owing to the increasing demand for lightweight materials in this sector for manufacturing various automotive components. For instance, In March 2022, according to a report published by the U.S. Bureau of Labor Statistics, the motor vehicles and parts manufacturing industry in the U.S. registered a year-on-year growth rate of 8.4% from February 2021 to February 2022.

Key Development:

In June 2021, Solvay announced that it has signed a five-year supply contract with Leonardo for both its Electronics and Aircraft Aerostructure businesses. Additionally, Solvay and Leonardo partnered on a number of R&D projects for the creation of process innovations and innovative materials.

In July 2020, Madison Dearborn Partners, LLC-controlled company Intelligent Packaging Limited Purchaser Inc. announced that it has signed a deal to acquire IPL Plastics Inc.

Lightweight Materials Market

MARKET SUMMARY
-
4.7%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 4.7%
  • Largest Market– North-America
  • Fastest Growing Market– Asia-Pacific

Lightweight Materials Market

  • The report on global lightweight materials market gives historical, current and future market sizes (US$ Bn) based on type, application and region.
  • lightweight materials market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • Key stakeholders of the global lightweight materials market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global lightweight materials products.
Key Players
  • SABIC
  • Aleris International
  • Formosa Plastics Group
  • PPG Industries Inc.
  • Toray Industries Inc.
  • Teijin Limited
Lightweight Materials Market Drivers

Lightweight materials such as metal alloys, composites, and polymers have extensive usage in the manufacturing of various automotive parts and are majorly driving the market growth of lightweight materials. Furthermore, with cost-effectiveness, fuel economy, and operational efficiency, electric vehicles are in greater demand globally. Electric cars are quite popular with consumers because of their great strength and lightweight component. However, some factors are rapid fluctuations in raw material prices and the high cost of carbon fiber restricting the use of lightweight materials in various end-use industries, including automotive, aircraft manufacturing, wind turbines, and marine, resulting in the global market of lightweight materials being hampered to some extent.


North-America Got Significant Share

Lightweight Materials Market

North America is anticipated to augment the market growth over the forecast period owing to the strong presence of key players of auto manufacturers in countries such as the U.S. and Canada. Furthermore, the presence of renewable energy equipment manufacturers is further expected to drive the market in this region.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The lightweight materials market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Lightweight Materials Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The global Lightweight Materials market will be valued at USD 173.3 billion in 2021. Rising applications in the automotive and aviation sectors are the main market drivers, which support expanding the market. The aviation industry’s growing innovation would increase market demand. Additionally, the increasing usage of lightweight materials in the energy application segment is expected to boost the market growth.

The global lightweight materials market is anticipated to grow at a CAGR of 4.7% from 2022 to 2028.

Rising research and development activities in the aerospace industry for lightweight materials and favorable government regulation on fuel efficiency and vehicle emission are boosting lightweight material growth.

Based on application, the automotive segment dominated the global market with around XX% share in terms of revenue. Various products used in the automotive industry include aluminum, polymers and composites, and high-strength steel.


Report

Table Of Content

Table of Content

  1. Executive Summary
  2. Global Lightweight Materials Market Introduction
    • Global Lightweight Materials Market – Taxonomy
    • Global Lightweight Materials Market –Definitions
      • Type
      • Application
  1. Global Lightweight Materials Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Lightweight Materials Market Dynamic Factors – Impact Analysis
    • Global Lightweight Materials Market – Competition Landscape
  2. Global Lightweight Materials Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025
    • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Lightweight Materials Market, By Type, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Metal Alloys
      • Aluminum
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Steel
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Magnesium
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Titanium
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Composites &  Polymers
        • Carbon-Fiber Reinforced Plastic (CFRP)
          • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
          • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
          • Market Opportunity Analysis
        • Glass-Fiber Reinforced Plastic (GFRP)
          • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
          • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
          • Market Opportunity Analysis
        • Polymers
          • Polycarbonate
            • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
            • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
            • Market Opportunity Analysis
          • Polypropylene
            • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
            • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
            • Market Opportunity Analysis
  1. Global Lightweight Materials Market Forecast, By Application, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Aerospace
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Automotive
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Marine
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Wind
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others (Transportation, Packaging, and Other Engineered Goods)
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Lightweight Materials Market – Opportunity Analysis Index, By Type, Application and Region, 2019 – 2025
  2. Global Lightweight Materials Market Forecast, By Region, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Lightweight Materials Market – Opportunity Analysis Index, By Type, Application and Region, 2019 – 2025
  3. North America Lightweight Materials Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Metal Alloys
        • Aluminum
        • Steel
        • Magnesium
        • Titanium
      • Composites &  Polymers
        • Carbon-Fiber Reinforced Plastic (CFRP)
        • Glass-Fiber Reinforced Plastic (GFRP)
      • Polymers
        • Polycarbonate
        • Polypropylene
      • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Aerospace
        • Automotive
        • Marine
        • Wind
        • Others (Transportation, Packaging, and Other Engineered Goods)
      • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • US
        • Canada
      • North America Lightweight Materials Market – Opportunity Analysis Index, By Type, Application and Country, 2019 – 2025
      • North America Lightweight Materials Market Dynamics – Trends
  1. Europe Lightweight Materials Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Metal Alloys
        • Aluminum
        • Steel
        • Magnesium
        • Titanium
      • Composites &  Polymers
        • Carbon-Fiber Reinforced Plastic (CFRP)
        • Glass-Fiber Reinforced Plastic (GFRP)
      • Polymers
        • Polycarbonate
        • Polypropylene
      • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Aerospace
        • Automotive
        • Marine
        • Wind
        • Others (Transportation, Packaging, and Other Engineered Goods)
      • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • Germany
        • UK
        • France
        • Spain
        • Italy
        • Russia
        • Poland
        • Rest of Europe
      • Europe Lightweight Materials Market – Opportunity Analysis Index, By Type, Application and Country, 2019 – 2025
      • Europe Lightweight Materials Market Dynamics – Trends
  1. Asia-Pacific Lightweight Materials Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Metal Alloys
        • Aluminum
        • Steel
        • Magnesium
        • Titanium
      • Composites &  Polymers
        • Carbon-Fiber Reinforced Plastic (CFRP)
        • Glass-Fiber Reinforced Plastic (GFRP)
      • Polymers
        • Polycarbonate
        • Polypropylene
      • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Aerospace
        • Automotive
        • Marine
        • Wind
        • Others (Transportation, Packaging, and Other Engineered Goods)
      • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • Japan
        • China
        • India
        • ASEAN
        • Australia & New Zealand
        • Rest of Asia-Pacific
      • Asia-Pacific Lightweight Materials Market – Opportunity Analysis Index, By Type, Application and Country, 2019 – 2025
      • Asia-Pacific Lightweight Materials Market Dynamics – Trends
  1. Latin America Lightweight Materials Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Metal Alloys
        • Aluminum
        • Steel
        • Magnesium
        • Titanium
      • Composites &  Polymers
        • Carbon-Fiber Reinforced Plastic (CFRP)
        • Glass-Fiber Reinforced Plastic (GFRP)
      • Polymers
        • Polycarbonate
        • Polypropylene
      • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Aerospace
        • Automotive
        • Marine
        • Wind
        • Others (Transportation, Packaging, and Other Engineered Goods)
      • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
      • Latin America Lightweight Materials Market – Opportunity Analysis Index, By Type, Application and Country, 2019 – 2025
      • Latin America Lightweight Materials Market Dynamics – Trends
  1. Middle East and Africa Lightweight Materials Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Metal Alloys
        • Aluminum
        • Steel
        • Magnesium
        • Titanium
      • Composites &  Polymers
        • Carbon-Fiber Reinforced Plastic (CFRP)
        • Glass-Fiber Reinforced Plastic (GFRP)
      • Polymers
        • Polycarbonate
        • Polypropylene
      • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Aerospace
        • Automotive
        • Marine
        • Wind
        • Others (Transportation, Packaging, and Other Engineered Goods)
      • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • Gulf Cooperation Council (GCC) Countries
        • Israel
        • South Africa
        • Rest of MEA
      • MEA Lightweight Materials Market – Opportunity Analysis Index, By Type, Application and Country, 2019 – 2025
      • MEA Lightweight Materials Market Dynamics – Trends
  1. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Component & Component Offerings, Key Developments, Strategies, and SWOT Analysis)
      • SABIC
      • Aleris International
      • Formosa Plastics Group
      • PPG Industries Inc.
      • Toray Industries Inc.
      • Teijin Limited
      • Mitsubishi Rayon Co. Ltd.
      • SGL Group
      • Hexcel Corporation
      • Cytec Industries
      • Jushi Group Co. Ltd
      • Titanium Metals Corporation
      • ALCOA Inc.
      • Novelis Inc.
  1. Research Methodology
  2. Key Assumptions and Acronyms

Report

Company Profile

  • SABIC
  • Aleris International
  • Formosa Plastics Group
  • PPG Industries Inc.
  • Toray Industries Inc.
  • Teijin Limited
  • Mitsubishi Rayon Co. Ltd.
  • SGL Group
  • Hexcel Corporation
  • Cytec Industries
  • Jushi Group Co. Ltd
  • Titanium Metals Corporation
  • ALCOA Inc.
  • Novelis Inc.

Description

Lightweight Materials Market size is valued at USD 173.3 billion in 2021 and is expected to grow at a significant CAGR of 4.7% during the forecast period 2022 to 2028. The global market provides a detailed overview and which can be segmented by type, application, and region. By type, the lightweight materials market has been segmented into metal alloys, composites & polymers, and polymers. By type, the metal alloys segment dominated the global market in past years and is anticipated to grow at a CAGR of XX% during the forecast period owing to excellent properties of metal alloys such as low density, high strength-to-weight ratio, and improved corrosive resistance that make them extensive usage in forming machining, and welding applications in several end-use industries, including automobile, aerospace, and wind. Based on the application, the lightweight materials market has been segregated into aerospace, the automotive, marine, wind, and others (transportation, packaging, and other engineered goods. By application, the automobile sector expects to have a significant growth rate owing to the increasing demand for lightweight materials in this sector for manufacturing various automotive components. For instance, In March 2022, according to a report published by the U.S. Bureau of Labor Statistics, the motor vehicles and parts manufacturing industry in the U.S. registered a year-on-year growth rate of 8.4% from February 2021 to February 2022.

Key Development:

In June 2021, Solvay announced that it has signed a five-year supply contract with Leonardo for both its Electronics and Aircraft Aerostructure businesses. Additionally, Solvay and Leonardo partnered on a number of R&D projects for the creation of process innovations and innovative materials.

In July 2020, Madison Dearborn Partners, LLC-controlled company Intelligent Packaging Limited Purchaser Inc. announced that it has signed a deal to acquire IPL Plastics Inc.

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