Lightweight Materials Market, By Product (Aluminium, High Strength Steel, Magnesium, Titanium, Polymers & Composites), By Application and Geography (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) Analysis, Share, Trends, Size, & Forecast from 2014 2025
REPORT HIGHLIGHT
The Lightweight Materials Market was valued at USD 120.3 billion by 2018, growing with 9.1% CAGR during the forecast period, 2019-2025.
Market Dynamics
The lightweight materials are composites or metal alloys used to reduce the weight of aircraft, automotive, & windmills without affecting the product’s efficiency and strength. The global industry is expected to witness significant growth over the forecast period. Stringent environmental norms related to vehicular emissions along with rising demand for advanced automotive is surging the demand for lightweight materials. Further, rising demand from the aviation industry for producing lighter aircraft having enhanced payload capacity and high fuel efficiency is further stimulating the product demand. Increasing research & development (R&D) activities boosting materials recyclability along with maximizing fuel efficiency is expected to provide immense potential for the lightweight material industry.
Changing vehicular emission policies & regulations worldwide to reduce CO2 emissions is forcing automotive manufacturers to adopt lightweight materials. Further, progressions are being made in this segment owing to the result of research & development (R&D) activities to integrate the applications of such materials across various industry verticals. The high production cost is the major barrier to their widespread adoption, thus, extending the need to develop techniques that provide the economic benefits along with enhanced efficiency.
Application Takeaway
In the automotive industry, lightweight materials are used for maintaining a vehicle’s safety and potential along with enhancing fuel productivity. Lighter vehicles require lesser energy, owing to which lightweight materials witness immense opportunity in increasing vehicular efficiency.
In 2018, the aircraft industry accounts for more than 70% of the market share for the worldwide lightweight materials industry. Products such as carbon fiber & glass fiber composites, aluminium, magnesium, titanium, and high-strength steel decreased vehicular mass to about 20% to 80%, thus, decreasing fuel consumption. These materials empower additional features such as emission control systems, integrated electronic systems and safety devices without increasing weight. Such factors would, in turn, support the product demand in the automotive and aviation sectors.
Lightweight materials have also potential applications in the renewable energy sector especially in the wind energy for the rotating blade components. Major manufacturers utilize glass fibers as a structural material for the rotating blades on account of its high tensile strength and efficiency. Increasing renewable energy demand owing to a reduction in fossil fuel reserves is expected to propel the product applications in blade manufacturing. However, higher costing for lightweight than the conventional materials is acting as a roadblock for this industry, owing to which it is expected to face application constraints over the forecast period.
Regional Takeaway
Regionally, North America holds the maximum share of the global lightweight material market. Factors such as strict governmental regulations coupled with rising need to enhance fuel economy are the major growth drivers for this region. Aluminium and high tensile strength steel are the primary materials employed for manufacturing such lightweight vehicles.
The Asia Pacific is expected to be the most promising market in the future owing to the rising demand for lightweight automotive. China, Japan, and India are the major regional markets for the automotive lightweight materials owing to the rapid economic growth, large population size, stringent emission norms, and raising awareness for eco-friendly systems are the key growth factors driving the automotive application.
Further, the high demand for passenger car and Light Commercial Vehicles (LCV) segment accounted for more than 50% of the total global production. Though the applications for lightweight materials in Asia-Pacific automotive segment are comparatively lesser, however, high automotive production volume in regional markets has made the Asia Pacific an attractive market for such materials. Further, expanding manufacturers/suppliers based in the Asia Pacific catering to the sizable demand from the North American and European nations is also projected to generate revenues for the market players.
Key Vendors Takeaway
Key industry participants namely Arcelor Mittal S.A., LyondellBasell Industries, Owens Corning, PPG Industries Incorporation, Toray Industries, Inc., Novelis Inc., Hexcel Corporation, ThyssenKrupp AG, Alcoa Inc., and Saudi Basic Industries Corporation are actively operating in this industry. These players are competing on strategies based on geographic expansion and mergers & acquisitions.
Recently, Boeing has incorporated carbon fiber plastics in the 787 Dreamliner, rather than the conventional materials. Additionally, BMW is conducting R&D for its new electric vehicle segment, incorporating carbon fibers in its support structure with a perspective to enhance vehicle dynamics.
Airbus too has accomplished 50% weight reduction along with 30% cost reduction by utilizing carbon fiber-based bearings for its A340 aircraft. A Recent trend in automotive manufacturing has shown a paradigm shift towards increased application for carbon fiber-based single piece fender instead of a metallic part resulting in significant weight and cost reduction.”
The market size and forecast for each segment and sub-segments has been considered as below:
- Historical Year – 2014 to 2017
- Base Year – 2018
- Estimated Year – 2019
- Projected Year – 2025
TARGET AUDIENCE
- Traders, Distributors, and Suppliers
- Manufacturers
- Government and Regional Agencies
- Research Organizations
- Consultants
- Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY PRODUCT
- Aluminum
- High Strength Steel
- Magnesium
- Titanium
- Polymers & Composites
- Others
MARKET, BY APPLICATION
- Energy
- Automotive
- Aviation
- Others
MARKET, BY REGION
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Singapore
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Rest of MEA
TABLE OF CONTENT
1. LIGHTWEIGHT MATERIALS MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Product
2.1.2. Market Snippet by Application
2.1.3. Market Snippet by Region
2.2. Competitive Insights
3. LIGHTWEIGHT MATERIALS KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. LIGHTWEIGHT MATERIALS INDUSTRY STUDY
4.1. Porter’s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. LIGHTWEIGHT MATERIALS MARKET LANDSCAPE
5.1. Market Share Analysis
5.2. Key Innovators
5.3. Breakdown Data, by Key Manufacturer
5.3.1. Established Player Analysis
5.3.2. Emerging Player Analysis
6. LIGHTWEIGHT MATERIALS MARKET – BY PRODUCT
6.1. Overview
6.1.1. Segment Share Analysis, By Product, 2018 & 2025 (%)
6.2. Aluminum
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.3. High Strength Steel
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.4. Magnesium
6.4.1. Overview
6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.5. Titanium
6.5.1. Overview
6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.6. Polymers & Composites
6.6.1. Overview
6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.7. Others
6.7.1. Overview
6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7. LIGHTWEIGHT MATERIALS MARKET – BY APPLICATION
7.1. Overview
7.1.1. Segment Share Analysis, By Application, 2018 & 2025 (%)
7.2. Energy
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.3. Automotive
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.4. Aviation
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.5. Others
7.5.1. Overview
7.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8. LIGHTWEIGHT MATERIALS MARKET– BY GEOGRAPHY
8.1. Introduction
8.1.1. Segment Share Analysis, By Region, 2018 & 2025 (%)
8.2. North America
8.2.1. Overview
8.2.2. Key Manufacturers in North America
8.2.3. North America Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
8.2.4. North America Market Size and Forecast, By Product, 2014 – 2025 (US$ Million)
8.2.5. North America Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
8.2.6. U.S.
8.2.6.1. Overview
8.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.2.7. Canada
8.2.7.1. Overview
8.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3. Europe
8.3.1. Overview
8.3.2. Key Manufacturers in Europe
8.3.3. Europe Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
8.3.4. Europe Market Size and Forecast, By Product, 2014 – 2025 (US$ Million)
8.3.5. Europe Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
8.3.6. Germany
8.3.6.1. Overview
8.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3.7. Italy
8.3.7.1. Overview
8.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3.8. United Kingdom
8.3.8.1. Overview
8.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3.9. France
8.3.9.1. Overview
8.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3.10. Rest of Europe
8.3.10.1. Overview
8.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4. Asia Pacific (APAC)
8.4.1. Overview
8.4.2. Key Manufacturers in Asia Pacific
8.4.3. Asia Pacific Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
8.4.4. Asia Pacific Market Size and Forecast, By Product, 2014 – 2025 (US$ Million)
8.4.5. Asia Pacific Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
8.4.6. India
8.4.6.1. Overview
8.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4.7. China
8.4.7.1. Overview
8.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4.8. Japan
8.4.8.1. Overview
8.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4.9. South Korea
8.4.9.1. Overview
8.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4.10. Rest of APAC
8.4.10.1. Overview
8.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5. Latin America
8.5.1. Overview
8.5.2. Key Manufacturers in Latin America
8.5.3. Latin America Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
8.5.4. Latin America Market Size and Forecast, By Product, 2014 – 2025 (US$ Million)
8.5.5. Latin America Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
8.5.6. Brazil
8.5.6.1. Overview
8.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5.7. Mexico
8.5.7.1. Overview
8.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5.8. Argentina
8.5.8.1. Overview
8.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5.9. Rest of LATAM
8.5.9.1. Overview
8.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.6. Middle East and Africa
8.6.1. Overview
8.6.2. Key Manufacturers in Middle East and Africa
8.6.3. Middle East and Africa Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
8.6.4. Middle East and Africa Market Size and Forecast, By Product, 2014 – 2025 (US$ Million)
8.6.5. Middle East and Africa Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
8.6.6. Saudi Arabia
8.6.6.1. Overview
8.6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.6.7. United Arab Emirates
8.6.7.1. Overview
8.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9. KEY VENDOR ANALYSIS
9.1. Arcelor Mittal S.A.
9.1.1. Company Snapshot
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Strategic Initiatives
9.2. LyondellBasell Industries
9.3. Owens Corning
9.4. PPG Industries Incorporation
9.5. Toray Industries, Inc.
9.6. Novelis Inc.
9.7. Hexcel Corporation
9.8. ThyssenKrupp AG
9.9. Alcoa Inc.
9.10. Saudi Basic Industries Corporation
10. 360 DEGREE ANALYSTVIEW
11. APPENDIX
11.1. Research Methodology
11.2. References
11.3. Abbreviations
11.4. Disclaimer
11.5. Contact Us
List of Tables
TABLE List of data sources
TABLE Market drivers; Impact Analysis
TABLE Market restraints; Impact Analysis
TABLE Lightweight Materials market: Product snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Product
TABLE Global Lightweight Materials market, by Product 2014-2025 (USD Million)
TABLE Lightweight Materials market: Application Snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Application
TABLE Global Lightweight Materials market, by Application 2014-2025 (USD Million)
TABLE Lightweight Materials market: Regional snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Region
TABLE Global Lightweight Materials market, by Region 2014-2025 (USD Million)
TABLE North America Lightweight Materials market, by Country, 2014-2025 (USD Million)
TABLE North America Lightweight Materials market, by Product, 2014-2025 (USD Million)
TABLE North America Lightweight Materials market, by Application, 2014-2025 (USD Million)
TABLE Europe Lightweight Materials market, by country, 2014-2025 (USD Million)
TABLE Europe Lightweight Materials market, by Product, 2014-2025 (USD Million)
TABLE Europe Lightweight Materials market, by Application, 2014-2025 (USD Million)
TABLE Asia Pacific Lightweight Materials market, by country, 2014-2025 (USD Million)
TABLE Asia Pacific Lightweight Materials market, by Product, 2014-2025 (USD Million)
TABLE Asia Pacific Lightweight Materials market, by Application, 2014-2025 (USD Million)
TABLE Latin America Lightweight Materials market, by country, 2014-2025 (USD Million)
TABLE Latin America Lightweight Materials market, by Product, 2014-2025 (USD Million)
TABLE Latin America Lightweight Materials market, by Application, 2014-2025 (USD Million)
TABLE Middle East and Africa Lightweight Materials market, by country, 2014-2025 (USD Million)
TABLE Middle East and Africa Lightweight Materials market, by Product, 2014-2025 (USD Million)
TABLE Middle East and Africa Lightweight Materials market, by Application, 2014-2025 (USD Million)
List of Figures
FIGURE Lightweight Materials market segmentation
FIGURE Market research methodology
FIGURE Value chain analysis
FIGURE Porter’s Five Forces Analysis
FIGURE Market Attractiveness Analysis
FIGURE Competitive Landscape; Key company market share analysis, 2018
FIGURE Product segment market share analysis, 2018 & 2025
FIGURE Product segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Aluminum market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE High Strength Steel market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Magnesium market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Titanium market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Polymers & Composites market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Others market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Application segment market share analysis, 2018 & 2025
FIGURE Application segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Energy market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Automotive market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Aviation market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Others market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Regional segment market share analysis, 2018 & 2025
FIGURE Regional segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE North America Lightweight Materials market share and leading players, 2018
FIGURE Europe Lightweight Materials market share and leading players, 2018
FIGURE Asia Pacific Lightweight Materials market share and leading players, 2018
FIGURE Latin America Lightweight Materials market share and leading players, 2018
FIGURE Middle East and Africa Lightweight Materials market share and leading players, 2018
FIGURE North America market share analysis by country, 2018
FIGURE U.S. market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Canada market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Europe market share analysis by country, 2018
FIGURE Germany market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Spain market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Italy market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE UK market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE France market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of the Europe market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Asia Pacific market share analysis by country, 2018
FIGURE India market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE China market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Japan market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE South Korea market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Singapore market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of APAC market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Latin America market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Latin America market share analysis by country, 2018
FIGURE Brazil market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Mexico market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Argentina market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of LATAM market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Middle East and Africa market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Middle East and Africa market share analysis by country, 2018
FIGURE Saudi Arabia market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE United Arab Emirates market size, forecast and trend analysis, 2014 to 2025 (USD Million)
