MarnieSerrano
Uploaded on Mar 25, 2021
Global lightweight materials market Factors such as increasing awareness regarding the importance of reducing fuel emissions among organizations as well as among individuals and rising efforts taken by the people for the same are contributing to the growth of global lightweight materials market over the forecast period. Further, increasing developments in the automobile sector and electronics sector owing to high sales caused by people’s rising disposable incomes, growing demand for safety and comfort in these electronic devices and appliances and rising awareness regarding the convenience caused by these vehicles are positively impacting the growth of global lightweight materials market over the forecast timeframe. Apart from that rising technological advancements and adoption of latest technologies in several industries for offering enhanced products and services to the products and to keep up with the market trends, are further contributing to the growth of global lightweight materials market in coming years. The global lightweight materials market accounted for a market revenue of USD 141.2 billion and is projected to grow at a CAGR of more than 6.5% over the forecast period. Request for a sample copy of this research report @ https://www.adroitmarketresearch.com/contacts/request-sample/1670 Major aim of the companies in using lightweight options for the parts and products is to reduce weight of the product, without having any negative impact on the performance or cost of the device. These materials are made up of light weight metal and their alloys such as aluminum, steel and others. The present COVID-19 situation ceased the industry growth due to shutdown of factories and industries. Moreover, rising integration and application of several technologies such as IoT and sensor technology to increase quality of the product and offer all the latest features for convenience and comfort as well as increasing research and development activities in all sectors is creating major opportunities for the growth of global lightweight materials market in coming years. Lightweight materials are easy to carry and reduce the risk of accidents and other unfortunate events caused due to them, hence they are gaining popularity among several industries, thereby fueling the growth of global lightweight materials market. Key players in the market include Hexcel Corporation, ArcelorMittal SA, Formosa Plastics Group, Titanium Metals Corporation, Cytec Solvay Group, Bayer AG, SABIC, Allegheny Technologies Incorporated, Alcoa Inc Access full Report Description, TOC, Table of Figure, Chart, etc. @ https://www.adroitmarketresearch.com/industry-reports/lightweight-materials-market
Global Lightweight Materials Market by Leading Manufacturers, Demand and Growth Overview 2021 to 2028
Adroit Market Research
Lightweight Materials Market
by Material Type (Metals & Alloys (High strength steel, Aluminium, Magnesium,
Titanium, Others)) (Composites (Carbon Fiber Reinforced, Glass Fiber Reinforced),
Plastic (Polycarbonate, Polypropylene, Others), and Others, By Application (Aerospace
and Defense, Automotive, Energy Sector, Electronic and Electrical industry,
Construction Industry, Consumer Goods) and by Region (North America, Europe, Asia
Pacific, South America, Middle East & Africa) and Global Forecasts 2018 to 2028
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Adroit Market Research
Lightweight Materials Market Size to reach $230 billion by 2028
The Growth In Lightweight Materials Markets Is Driven By An Increase In The Piercing Of Lightweight Components Which Is To
Drive The Market At A CAGR Of More Than 6.5%
Increase in the production of aircraft modules to boost demand for advanced composites and lightweight materials. The
global market is projected to reach more than USD 230 billion by the end of 2028.
Investments of governments of different economies in integration of renewable energy sources for power generation as well
as increased demand for composites and aluminium from the aviation business are driving the use of lightweight materials
for aerospace and wind applications. Rapid changes in raw material prices and high carbon fibre costs are limiting usage in
the automotive component manufacturing processes that are expected to hinder the growth of the market.
In terms of material the global lightweight materials market is segmented into metal & alloys, composites, and plastics. Also,
in terms of application, the market divided into aerospace and defense, automotive, energy sector, electronic and electrical
industry, construction industry, and consumer goods. In terms of geography, the global Lightweight Materials is segmented
into North America, Europe, Asia Pacific, South America, and Middle East & Africa.
Key players in the market include Hexcel Corporation, ArcelorMittal SA, Formosa Plastics Group, Titanium Metals Corporation,
Cytec Solvay Group, Bayer AG, SABIC, Allegheny Technologies Incorporated, Alcoa Inc
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Key segments across lightweight materials market
Material Type Overview, 2019-2028, (USD Billion)
• Metals & Alloys
• High strength steel
• Aluminum
• Magnesium
• Titanium
• Others (Beryllium, etc.)
• Composites
• Carbon Fiber Reinforced
• Glass Fiber Reinforced
• Plastics
• Polycarbonate
• Polypropylene
• Others (Polyamide etc.)
• Others
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Adroit Market Research
Key segments across lightweight materials market
Application Overview, 2019-2028, (USD Billion)
• Aerospace and Defense
• Automotive
• Energy Sector
• Electronic and Electrical industry
• Construction Industry
• Consumer Goods
Regional Overview, 2018-2028 (USD Million):
• North America (U.S., Canada)
• Europe (Germany, United Kingdom, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• South America (Brazil, Rest of South America)
• Middle East & Africa (Saudi Arabia, Rest of Middle East & Africa)
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Adroit Market Research
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an insightful study around our findings and churn out money-making roadmaps. Our analysts
have tracked high growth markets in chemicals & materials, healthcare & pharmaceuticals,
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