Lightweight Materials Market Revenue, Growth, Restraints, Trends, Company Profiles, Analysis & Forecast Till 2028

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Market Size – USD 159.95 Billion in 2020, Market Growth – at a CAGR of 8.3%, Market Trends – Increasing sales of EVs

The global lightweight materials market size is expected to reach USD 303.82 Billion in 2028 and register a revenue CAGR of 8.3% during forecast period, according to latest analysis by Emergen Research. Steady market revenue growth is attributed to increasing focus on enhancing automotive performance and fuel efficiency. Lightweight materials, including polycarbonate, polyamide, Carbon Fiber Reinforced Plastic (CFRP), and aluminum aid in reducing weight of vehicles, marine vessels, and aircraft among others, and thus improve fuel-efficiency by decreasing fuel consumption and Greenhouse Gas (GHG) emissions, thereby reducing environmental impact. Studies show that around 10.0% reduction in overall vehicle weight would lead to an increase in fuel efficiency of over 5.0%. Also, lightweight materials enable more flexibility and novelty in design of aerodynamic shapes, which are normally difficult to realize with materials such as steel, iron, and others.

The latest market research report on Lightweight Materials market, samples and measures quality data on the overall business environment for the forecast period 2021-2027. Comprehensive data on growing investment pockets evaluated in the report on Lightweight Materials market are powered and backed by human answers. Comprehensive coverage of aspects such as market potential, size, share, and growth aims at creating an equation for profitability- whether stakeholders, business owners, and field marketing executives need to understand their market foothold

Click to access the Report Study, Read key highlights of the Report and Look at Projected Trends:https://www.emergenresearch.com/industry-report/lightweight-materials-market

Top competitors of the Lightweight Materials Market profiled in the report include:

Formosa Plastics Corporation, SABIC, PPG Industries Inc., Precision Castparts Corporation, Solvay SA, Alcoa Corporation, Toray Industries Inc., Evonik Industries AG, Novelis Inc., and Covestro AG.

The research provides answers to the following key questions:

  • What will be the growth rate of the Lightweight Materials market for the forecast period, 2018 to 2028? What will be the market size and the share occupied by the prominent vendors by the estimated period?
  • What are challenges and threats faced by the prominent vendors operating in the Lightweight Materials market?
  • Who are the prominent vendors and what has been their business strategy so far to maintain a competitive edge over their competitors?
  • What are the past, present and emerging trends likely to influence the growth rate of the Lightweight Materials market for the forecast period, 2018 to 2028?
  • What are the opportunities prominent vendors can bank on to generate more profits during the estimated period?

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SCOPE OF THE REPORT

The study draws a forecast of the growth of the Lightweight Materials market by evaluating the market size, share, demand, trends, and gross revenue of the industry. It also focuses on the positions of the major companies against the competitive landscape and their individual share in the global market. The report segments the industry based on product type, application and end-use. It highlights the recent trends and technological developments in the sector that will potentially influence the industry. The research offers a detailed outlook of the trends observed in the market, the contributing factors, major stakeholders, key companies and prime areas that exhibit a potential for growth.

Emergen Research has segmented the global lightweight materials market on the basis of product type, distribution channel, application, and region:

Product Type Outlook (Revenue, USD Billion; 2018–2028)

  • Plastics
    1. Polycarbonate
    2. Acrylonitrile Butadiene Styrene
    3. Polyamide
    4. Polyurethane
    5. Polypropylene
    6. Others
  • Metals
    1. Aluminum
    2. High Strength Steel
    3. Titanium
    4. Others
  • Composites
    1. Carbon Fiber Reinforced Plastic
    2. Glass Fiber Reinforced Plastic
    3. Others
  • Elastomers

Distribution Channel Outlook (Revenue, USD Billion; 2018–2028)

  • Direct
  • Indirect

Application Outlook (Revenue, USD Billion; 2018–2028)

  • Automotive
  • Aerospace
  • Energy
  • Marine
  • Others

In market segmentation by geographical regions, the report has analysed the following regions-       

   North America

   Europe

   Asia-Pacific

   Middle East and Africa

   Latin America  

 

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