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Lightweight Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 140 Pages
  • October 2023
  • Region: Global
  • IMARC Group
  • ID: 5615322
Description Jump to:
The global lightweight materials market size reached US$ 193.4 Billion in 2022 Looking forward, the analyst expects the market to reach US$ 305.2 Billion by 2028, exhibiting a growth rate (CAGR) of 7.7% during 2023-2028.

Lightweight materials are composites and metal alloys comprising aluminum, magnesium, beryllium, titanium, titanium aluminides, engineering plastics, structural ceramics, polymer, and ceramic matrices. They are environment-friendly, help reduce carbon footprints and offer several advantages, such as corrosion and oxidation resistance, high electrical and thermal conductivities, low density, high reflectivity, high ductility, high strength, and cost-efficiency. As a result, they find extensive applications in the aerospace, defense, healthcare, electronics, construction, automotive, and packaging industries across the globe.

Lightweight Materials Market Trends:

Lightweight materials are used to manufacture different parts of vehicles in the automotive sector as they reduce heavy-duty vehicle weight without compromising safety, performance, recyclability, and cost. This, coupled with the burgeoning automotive industry, represents one of the key factors driving the market. Moreover, lightweight materials help improve the efficiency and range of hybrid electric, plug-in hybrid electric, and electric vehicles as they offset the weight of power systems, such as batteries and electric motors. This, coupled with the rising adoption of electric vehicles (EVs) to reduce harmful air pollution, is propelling the growth of the market. In addition, the growing employment of lightweight materials in the wind energy sector for manufacturing windmills is positively influencing the market across the globe. Besides this, the increasing application of lightweight materials in the aviation industry to reduce fuel consumption is offering lucrative growth opportunities to industry investors. Apart from this, there is a rise in the use of aluminum alloys in the food and beverage (F&B) industry for producing foils, beverage cans, and cooking and food processing utensils. This, in confluence with the expanding F&B sector, is catalyzing the demand for lightweight materials.

Key Market Segmentation

The report provides an analysis of the key trends in each sub-segment of the global lightweight materials market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, distribution channel and application.

Breakup by Type:

  • Metal Alloys
  • Composites
  • Polymers

Breakup by Distribution Channel:

  • Direct
  • Indirect

Breakup by Application:

  • Automotive
  • Aerospace
  • Wind
  • Marine
  • Electronics
  • Construction
  • Consumer Goods
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being Alcoa Corporation, Arcelormittal S.A., China Hongqiao Group Limited, Dupont De Nemours Inc., Exxon Mobil Corporation, Novelis Inc. (Hindalco Industries Limited), Saudi Basic Industries Corporation (Saudi Arabian Oil Co.), SGL Carbon SE, Solvay S.A., Teijin Limited, Thyssenkrupp Ag and Toray Industries Inc.

Key Questions Answered in This Report:

  • How has the global lightweight materials market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global lightweight materials market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the distribution channel?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global lightweight materials market and who are the key players?
  • What is the degree of competition in the industry?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Lightweight Materials Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Metal Alloys
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Composites
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Polymers
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Distribution Channel
7.1 Direct
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Indirect
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Application
8.1 Automotive
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Aerospace
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Wind
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Marine
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Electronics
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Construction
8.6.1 Market Trends
8.6.2 Market Forecast
8.7 Consumer Goods
8.7.1 Market Trends
8.7.2 Market Forecast
8.8 Others
8.8.1 Market Trends
8.8.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Alcoa Corporation
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Arcelormittal S.A.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 China Hongqiao Group Limited
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.4 Dupont De Nemours Inc.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Exxon Mobil Corporation
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Novelis Inc. (Hindalco Industries Limited)
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 SWOT Analysis
14.3.7 Saudi Basic Industries Corporation (Saudi Arabian Oil Co.)
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 SGL Carbon SE
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Solvay S.A.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Teijin Limited
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 Thyssenkrupp Ag
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
14.3.12 Toray Industries Inc.
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.12.4 SWOT Analysis
List of Figures
Figure 1: Global: Lightweight Materials Market: Major Drivers and Challenges
Figure 2: Global: Lightweight Materials Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Lightweight Materials Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Lightweight Materials Market: Breakup by Type (in %), 2022
Figure 5: Global: Lightweight Materials Market: Breakup by Distribution Channel (in %), 2022
Figure 6: Global: Lightweight Materials Market: Breakup by Application (in %), 2022
Figure 7: Global: Lightweight Materials Market: Breakup by Region (in %), 2022
Figure 8: Global: Lightweight Materials (Metal Alloys) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Lightweight Materials (Metal Alloys) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Lightweight Materials (Composites) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Lightweight Materials (Composites) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Lightweight Materials (Polymers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Lightweight Materials (Polymers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Lightweight Materials (Direct) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Lightweight Materials (Direct) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Lightweight Materials (Indirect) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Lightweight Materials (Indirect) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Lightweight Materials (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Lightweight Materials (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Lightweight Materials (Aerospace) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Lightweight Materials (Aerospace) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Lightweight Materials (Wind) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Lightweight Materials (Wind) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Lightweight Materials (Marine) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Lightweight Materials (Marine) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Lightweight Materials (Electronics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Lightweight Materials (Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Lightweight Materials (Construction) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Lightweight Materials (Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Lightweight Materials (Consumer Goods) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Lightweight Materials (Consumer Goods) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Lightweight Materials (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Lightweight Materials (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: North America: Lightweight Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: North America: Lightweight Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: United States: Lightweight Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: United States: Lightweight Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Canada: Lightweight Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Canada: Lightweight Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Asia-Pacific: Lightweight Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Asia-Pacific: Lightweight Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: China: Lightweight Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: China: Lightweight Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Japan: Lightweight Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Japan: Lightweight Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: India: Lightweight Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: India: Lightweight Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: South Korea: Lightweight Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: South Korea: Lightweight Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Australia: Lightweight Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Australia: Lightweight Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Indonesia: Lightweight Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Indonesia: Lightweight Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Others: Lightweight Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Others: Lightweight Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Europe: Lightweight Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Europe: Lightweight Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Germany: Lightweight Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Germany: Lightweight Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: France: Lightweight Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: France: Lightweight Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: United Kingdom: Lightweight Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: United Kingdom: Lightweight Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Italy: Lightweight Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Italy: Lightweight Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Spain: Lightweight Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Spain: Lightweight Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Russia: Lightweight Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Russia: Lightweight Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Others: Lightweight Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Others: Lightweight Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Latin America: Lightweight Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Latin America: Lightweight Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Brazil: Lightweight Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Brazil: Lightweight Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Mexico: Lightweight Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Mexico: Lightweight Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Others: Lightweight Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Others: Lightweight Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Middle East and Africa: Lightweight Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Middle East and Africa: Lightweight Materials Market: Breakup by Country (in %), 2022
Figure 82: Middle East and Africa: Lightweight Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Global: Lightweight Materials Industry: SWOT Analysis
Figure 84: Global: Lightweight Materials Industry: Value Chain Analysis
Figure 85: Global: Lightweight Materials Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Lightweight Materials Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Lightweight Materials Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Lightweight Materials Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
Table 4: Global: Lightweight Materials Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Lightweight Materials Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Lightweight Materials Market: Competitive Structure
Table 7: Global: Lightweight Materials Market: Key Players

Companies Mentioned

  • Alcoa Corporation
  • Arcelormittal S.A.
  • China Hongqiao Group Limited
  • Dupont De Nemours Inc.
  • Exxon Mobil Corporation
  • Novelis Inc. (Hindalco Industries Limited)
  • Saudi Basic Industries Corporation (Saudi Arabian Oil Co.)
  • SGL Carbon SE
  • Solvay S.A.
  • Teijin Limited
  • Thyssenkrupp Ag
  • Toray Industries Inc.

Methodology

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Table Information

Report AttributeDetails
No. of Pages140
PublishedOctober 2023
Forecast Period2022 - 2028
Estimated Market Value ( USD ) in 2022 $ 193.4 Billion
Forecasted Market Value ( USD ) by 2028 $ 305.2 Billion
Compound Annual Growth Rate7.9%
Regions CoveredGlobal
No. of Companies Mentioned12

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About the Lightweight Material Market

Lightweight Materials are advanced materials that are designed to be lighter in weight than traditional materials, while still providing the same level of strength and durability. These materials are used in a variety of industries, including aerospace, automotive, and construction. Lightweight materials are often made from composite materials, such as carbon fiber, glass fiber, and aramid fiber, which are combined with a resin or polymer matrix. This combination of materials allows for a lighter weight material that is still strong and durable. Lightweight materials are becoming increasingly popular due to their ability to reduce the overall weight of a product, while still providing the same level of performance. This can lead to improved fuel efficiency, increased performance, and reduced emissions. Some companies in the Lightweight Material market include Toray Industries, Hexcel Corporation, Teijin Limited, SGL Group, and Cytec Industries. Show Less Read more

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