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 by Geography  

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Lightweight Materials Market size was valued at USD 173.3 billion in 2022 and is expected to grow at a significant CAGR of 4.7% during the forecast period 2023 to 2029. The global market provides a detailed overview 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, 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. 


Lightweight Materials Market 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.

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. 

Global Lightweight Materials Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

4.7%

Largest Market

North-America

Fastest Growing Market

Asia-Pacific
Lightweight Materials Market Dynamics

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.

Key Features of the Reports

  • The lightweight materials market report provides granular level information about the market size, regional market share, historic market (2018-2022) and forecast (2023-2029)
  • 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

Global Lightweight Materials Market Segmentation

By Type
  • Metal Alloys
  • Aluminum
  • Steel
  • Magnesium
  • Titanium
  • Composites &  Polymers
  • Carbon-Fiber Reinforced Plastic (CFRP)
  • Glass-Fiber Reinforced Plastic (GFRP)
  • Polymers
  • Polycarbonate
  • Polypropylene
By Application
  • Aerospace
  • Automotive
  • Marine
  • Wind
  • Others (Transportation, Packaging, and Other Engineered Goods)
By Geography
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Frequently Asked Questions

The lightweight materials market is projected to expand at a CAGR of 4.7% during the forecast period  

SABIC, Aleris International, Formosa Plastics Group, PPG Industries Inc, Toray Industries Inc, Teijin Limited

North America is the fastest-growing region for the lightweight materials market

  1. Executive Summary
  2. Global Lightweight Materials Market Introduction
    • Global Lightweight Materials Market - Taxonomy
    • Global Lightweight Materials Market -Definitions
      • Type
      • Application
  3. 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
  4. Global Lightweight Materials Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029
    • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  5. Global Lightweight Materials Market, By Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Metal Alloys
      • Aluminum
        • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Steel
        • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Magnesium
        • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Titanium
        • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
          • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
          • Market Opportunity Analysis
        • Polymers
          • Polycarbonate
            • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
            • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
            • Market Opportunity Analysis
          • Polypropylene
            • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Aerospace
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Automotive
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Marine
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Wind
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2023 - 2029
  2. Global Lightweight Materials Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2023 - 2029
  3. North America Lightweight Materials Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Aerospace
        • Automotive
        • Marine
        • Wind
        • Others (Transportation, Packaging, and Other Engineered Goods)
      • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029
      • North America Lightweight Materials Market Dynamics - Trends
  1. Europe Lightweight Materials Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Aerospace
        • Automotive
        • Marine
        • Wind
        • Others (Transportation, Packaging, and Other Engineered Goods)
      • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029
      • Europe Lightweight Materials Market Dynamics - Trends
  1. Asia-Pacific Lightweight Materials Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Aerospace
        • Automotive
        • Marine
        • Wind
        • Others (Transportation, Packaging, and Other Engineered Goods)
      • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029
      • Asia-Pacific Lightweight Materials Market Dynamics - Trends
  1. Latin America Lightweight Materials Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Aerospace
        • Automotive
        • Marine
        • Wind
        • Others (Transportation, Packaging, and Other Engineered Goods)
      • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029
      • Latin America Lightweight Materials Market Dynamics - Trends
  1. Middle East and Africa Lightweight Materials Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Aerospace
        • Automotive
        • Marine
        • Wind
        • Others (Transportation, Packaging, and Other Engineered Goods)
      • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029
      • 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
  • 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.

Adjacent Markets