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Lightweight Materials Market Overview – Key Futuristic Trends and Competitive Landscape 2026 | Industry Players: Aleris International, PPG Industries, Inc., Thyssenkrupp AG, ArcelorMittal SA and other

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Lightweight Materials Market Overview – Key Futuristic Trends and Competitive Landscape 2026 | Industry Players: Aleris International, PPG Industries, Inc., Thyssenkrupp AG, ArcelorMittal SA and other

August 31
13:40 2019
Lightweight Materials Market Overview - Key Futuristic Trends and Competitive Landscape 2026 | Industry Players: Aleris International, PPG Industries, Inc., Thyssenkrupp AG, ArcelorMittal SA and other

Polaris Market Research
The new published report by Polaris Market Research, the global Lightweight Materials market is anticipated to reach USD 237.1 billion by 2026 and growing at a CAGR of 7.9% from 2019 to 2026.

The global lightweight materials market size is anticipated to reach USD 237.1 billion by 2026, according to a new research published by Polaris Market Research. The report “Lightweight Materials Market Size, Share & Trends Analysis Report by Product (Metal Alloys, Composites, Polymers); By Application (Aerospace, Automotive, Construction, Energy, Aviation); By Region: Market Size and Segment Forecast, 2019 – 2026” provides contemporary market insights and taps future growth trends.

Request A Sample Report At:
https://www.polarismarketresearch.com/industry-analysis/lightweight-materials-market/request-for-sample

In 2018, the automotive segment dominated the global lightweight materials industry in terms of revenue. In 2018, Asia-Pacific accounted for the majority share in the global Lightweight Materials market. The expanding global automotive industry, along with increasing modernization of vehicles majorly drives the market growth. Increasing use in windmills owing to their improved performance, increased reliability, and higher durability boosts the demand for lightweight materials.

The adoption of lightweight materials has increased significantly owing to increasing demand from aviation industry, and greater use of lightweight materials in manufacturing of aircraft modules. Other factors driving the growth of this market include growing penetration of electric vehicles, technological advancements, and significant investments in R&D. New emerging markets, and stringent government regulations regarding vehicle efficiency and safety would provide growth opportunities for the market in the coming years.

Lightweight Materials Market by Region, 2015 - 2026 (USD Billion)

Get Full Research Summary on Global Lightweight Materials Market Analysis Available At:
https://www.polarismarketresearch.com/industry-analysis/lightweight-materials-market

Magnesium is a major lightweight material used in this market. Magnesium offers the lowest density of all structural metals with the ability to reduce component weight up to 70 percent. Magnesium is used as castings for powertrains or sub-assembly closures. Carbon fiber composites have the potential to reduce vehicle weight by up to 70 percent. They offer high stiffness, strength, and weight savings.

In 2018, Asia-Pacific accounted for the highest share in the global market. Established automotive industry, technological advancements, and high investment in R&D are factors expected to drive the market growth in the region. The introduction of stringent government regulations for vehicular and road safety accelerates the adoption of lightweight materials in the region. The economic growth in countries such as China and India, lead to rising living standards and increasing disposable income, supporting the growth of the automotive industry. The increasing demand from construction and aerospace sectors further accelerate the growth of the lightweight materials industry. Expansion of global players into these countries to tap market potential boosts the market growth.

The well-known companies profiled in the l report include Evonik Industries, Toray Industries Inc., Aleris International, PPG Industries, Inc., Thyssenkrupp AG, ArcelorMittal SA, Hexcel Corporation, Titanium Metals Corporation, Formosa Plastics Group, and Bayer AG among others. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products in the lightweight materials industry to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

Request for Discount Pricing With Your Specific Research Needs At:
https://www.polarismarketresearch.com/industry-analysis/lightweight-materials-market/request-for-discount-pricing

Polaris Market research has segmented the lightweight materials market report on the basis of product, end-use and region. 

  • Lightweight Materials Product Outlook (Revenue USD Billions 2015 – 2026)
  • Metal Alloys
  • High Strength Steel
  • Aluminum
  • Titanium
  • Magnesium
  • Composites
  • Carbon-fiber reinforced plastic (CFRP)
  • Glass-fiber reinforced plastic (GFRP)
  • Polymers
  • Polycarbonate
  • Polypropylene

 

  • Lightweight Materials End-use Outlook (Revenue USD Billions 2015 – 2026)
  • Aerospace
  • Automotive
  • Marine
  • Energy
  • Construction
  • Others

 

  • Lightweight Materials Regional Outlook (Revenue USD Billions 2015 – 2026)
  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Asia-Pacific
  • China
  • India
  • Japan
  • Latin America
  • Brazil
  • Mexico
  • Middle East & Africa

 

Leading Key Players of Lightweight Materials Market

  • Evonik Industries
  • Toray Industries Inc.
  • Aleris International
  • PPG Industries, Inc.
  • Thyssenkrupp AG
  • ArcelorMittal SA
  • Hexcel Corporation
  • Titanium Metals Corporation
  • Formosa Plastics Group
  • Bayer AG
  • SABIC
  • Cytec Solvay Group
  • Alcoa Inc.
  • Precision Castparts Corp.
  • Allegheny Technologies Incorporated
  • Novelis Inc.

 

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavour to deliver value-added business solutions to our customers.

Web: https://www.polarismarketresearch.com/

Media Contact
Company Name: Polaris Market Research and Consulting
Contact Person: Mr.Rohit
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Phone: +1-646-568-9980
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Website: https://www.polarismarketresearch.com/industry-analysis/lightweight-materials-market


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