Lightweight Materials Market Analysis By Product (Aluminum, High Strength Steel, Titanium, Magnesium, Polymers & Composites) And By Application (Automotive, Aviation, Energy) and Segment Forecasts To 2024

  • ID: 3934169
  • Report
  • 100 pages
  • Grand View Research
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The global lightweight materials market is projected to reach USD 225.35 billion by 2024. Positive automotive outlook coupled with increased number of wind project installations is expected to boost demand for these materials.

Lightweight materials are gaining popularity in various applications instead of iron and steel on account of improved performance. The fuel efficiency advantage facilitates use in application segments including automotive and aviation. The reduction in CO2 emissions on account of enhanced fuel efficiency in passenger vehicles will augment the demand for these materials.

U.S and China contribute to the majority of the product demand owing to the presence of a large number of automotive and aviation component manufacturers. Rising innovation in the aviation sector and an increasing number of wind project installations globally is expected to have a positive impact on demand.

Further key findings from the report suggest

Automotive application segment was the largest consumer of the product in 2015 on account of increasing demand for vehicles with enhanced fuel efficiency. The consumption of lightweight materials in the automotive application was over 27 million tons in 2015 and is expected to grow at a CAGR of 8% from 2016 to 2024.

High strength steel is expected to be the fastest growing product segment on account of enhanced lightweight advantage when combined with aluminum for manufacturing of vehicle body. The demand for high strength steel was over USD 8; billion in 2015 and is expected to grow at a CAGR of 10% from 2016 to 2024.

Asia Pacific was worth USD 42 billion in 2015 and is likely to witness significant growth owing to rising wind energy installations. Countries such as Japan and India are expected to add over 10 GW of wind energy resulting in the increased application of lightweight materials.

Companies are focusing on increasing their market share within the industry through various strategic initiatives such as mergers and acquisitions. In December 2015, Solvay acquired Cytec Industries aiming to enter the lightweight materials market with a broad product portfolio. In March 2015, Alcoa acquired RTI International Metals to expand its offerings in titanium and other advanced manufacturing & material technologies.
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1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
2. Executive Summary
2.1. Lightweight Materials Market- Industry Summary And Key Buying Criteria, 2013 - 2024
3. Lightweight Materials Industry Outlook
3.1. Lightweight materials market segmentation
3.2. Lightweight materials market size and growth prospects, 2013 - 2024
3.3. Lightweight materials market - Value chain analysis
3.4. Raw material outlook
3.5. Technology overview
3.6. Regulatory framework
3.7. Lightweight materials market dynamics
3.7.1. Market driver analysis
3.7.1.1. Stringent regulation on vehicular emission and efficiency
3.7.1.2. Rising material innovation in aviation industry
3.7.1.3. Rapid growth in wind project installations
3.7.2. Market restraint analysis
3.7.2.1. High cost of lightweight materials
3.7.2.2. Safety and technological constraints
3.8. Industry analysis - Porter's
3.9. Lightweight materials market PESTEL analysis, 2015
4. Lightweight Materials Product Outlook
4.1. Global lightweight materials market share, by product, 2015 & 2024
4.2. Aluminum
4.2.1. Market estimates and forecast, 2013 - 2024
4.3. High Strength Steel
4.3.1. Market estimates and forecast, 2013 - 2024
4.4. Titanium
4.4.1. Market estimates and forecast, 2013 - 2024
4.5. Magnesium
4.5.1. Market estimates and forecast, 2013 - 2024
4.6. Polymers & Composites
4.6.1. Market estimates and forecast, 2013 - 2024
4.7. Others
4.7.1. Market estimates and forecast, 2013 - 2024
5. Lightweight Materials Application Outlook
5.1. Global lightweight materials market share, by application, 2015 & 2024
5.2. Automotive
5.2.1. Market estimates and forecast, 2013 - 2024
5.3. Aviation
5.3.1. Market estimates and forecast, 2013 - 2024
5.4. Energy
5.4.1. Market estimates and forecast, 2013 - 2024
5.5. Others
5.5.1. Market estimates and forecast, 2013 - 2024
6. Lightweight Materials Regional Outlook
6.1. Global lightweight materials market share, by region, 2015 & 2024
6.2. North America
6.2.1. Market estimates and forecast, 2013 - 2024
6.2.2. Market estimates and forecast, by product, 2013 - 2024
6.2.3. Market estimates and forecast by application, 2013 - 2024
6.2.4. U.S.
6.2.4.1. Market estimates and forecast, 2013 - 2024
6.2.4.2. Market estimates and forecasts, by product, 2013 - 2024
6.2.4.3. Market estimates and forecast, by application, 2013 - 2024
6.3. Europe
6.3.1. Market estimates and forecast, 2013 - 2024
6.3.2. Market estimates and forecasts, by product, 2013 - 2024
6.3.3. Market estimates and forecast, by application, 2013 - 2024
6.3.4. Germany
6.3.4.1. Market estimates and forecast, 2013 - 2024
6.3.4.2. Market estimates and forecasts, by product,
6.3.4.3. Market estimates and forecast, by application, 2013 - 2024
6.4. Asia Pacific
6.4.1. Market estimates and forecast, 2013 - 2024
6.4.2. Market estimates and forecast, by product, 2013 - 2024
6.4.3. Market estimates and forecast, by application, 2013 - 2024
6.4.4. China
6.4.4.1. Market estimates and forecast, 2013 - 2024
6.4.4.2. Market estimates and forecast, by product, 2013 - 2024
6.4.4.3. Market estimates and forecast, by application, 2013 - 2024
6.5. Latin America
6.5.1. Market estimates and forecast, 2013 - 2024
6.5.2. Market estimates and forecast by product, 2013 - 2024
6.5.3. Market estimates and forecast, by application, 2013 - 2024
6.5.4. Brazil
6.5.4.1. Market estimates and forecast, 2013 - 2024
6.5.4.2. Market estimates and forecast, by product, 2013 - 2024
6.5.4.3. Market estimates and forecast, by application, 2013 - 2024
6.6. Middle East& Africa
6.6.1. Market estimates and forecast, 2013 - 2024
6.6.2. Market estimates and forecast by product, 2013 - 2024
6.6.3. Market estimates and forecast, by application, 2013 - 2024
7. Competitive Landscape
7.1. SABIC
7.1.1. Vendor Landscape
7.1.2. Competitive Environment
7.1.3. Company Market Positioning
7.1.4. Strategy Framework
7.2. Cytec Solvay Group
7.2.1. Vendor Landscape
7.2.2. Competitive Environment
7.2.3. Company Market Positioning
7.2.4. Strategy Framework
7.3. Aleris International
7.3.1. Vendor Landscape
7.3.2. Competitive Environment
7.3.3. Company Market Positioning
7.3.4. Strategy Framework
7.4. Formosa Plastics Group
7.4.1. Vendor Landscape
7.4.2. Competitive Environment
7.4.3. Company Market Positioning
7.4.4. Strategy Framework
7.5. Alcoa Inc.
7.5.1. Vendor Landscape
7.5.2. Competitive Environment
7.5.3. Company Market Positioning
7.5.4. Strategy Framework
7.6. PPG Industries Inc.
7.6.1. Vendor Landscape
7.6.2. Competitive Environment
7.6.3. Company Market Positioning
7.6.4. Strategy Framework
7.7. Toray Industries Inc.
7.7.1. Vendor Landscape
7.7.2. Competitive Environment
7.7.3. Company Market Positioning
7.7.4. Strategy Framework
7.8. Precision Castparts Corp.
7.8.1. Vendor Landscape
7.8.2. Competitive Environment
7.8.3. Company Market Positioning
7.8.4. Strategy Framework
7.9. Allegheny Technologies Incorporated
7.9.1. Vendor Landscape
7.9.2. Competitive Environment
7.9.3. Company Market Positioning
7.9.4. Strategy Framework
7.10. Evonik Industries
7.10.1. Vendor Landscape
7.10.2. Competitive Environment
7.10.3. Company Market Positioning
7.10.4. Strategy Framework
7.11. Novelis Inc.
7.11.1. Vendor Landscape
7.11.2. Competitive Environment
7.11.3. Company Market Positioning
7.11.4. Strategy Framework
7.12. Bayer AG
7.12.1. Vendor Landscape
7.12.2. Competitive Environment
7.12.3. Company Market Positioning
7.12.4. Strategy Framework

List of Tables

Table 1 North America lightweight materials market, by product, 2013 - 2024 (Kilo Tons)
Table 2 North America lightweight materials market, by product, 2013 - 2024 (USD Million)
Table 3 North America lightweight materials market, by application, 2013 - 2024 (Kilo Tons)
Table 4 North America lightweight materials market, by application, 2013 - 2024 (USD Million)
Table 5 U.S. lightweight materials market, by product, 2013 - 2024 (Kilo Tons)
Table 6 U.S. lightweight materials market, by product, 2013 - 2024 (USD Million)
Table 7 U.S. lightweight materials market, by application, 2013 - 2024 (Kilo Tons)
Table 8 U.S. lightweight materials market, by application, 2013 - 2024 (USD Million)
Table 9 Europe lightweight materials market, by product, 2013 - 2024 (Kilo Tons)
Table 10 Europe lightweight materials market, by product, 2013 - 2024 (USD Million)
Table 11 Europe lightweight materials market, by application, 2013 - 2024 (Kilo Tons)
Table 12 Europe lightweight materials market, by application, 2013 - 2024 (USD Million)
Table 13 Germany lightweight materials market, by product, 2013 - 2024 (Kilo Tons)
Table 14 Germany lightweight materials market, by product, 2013 - 2024 (USD Million)
Table 15 Germany lightweight materials market, by application, 2013 - 2024 (Kilo Tons)
Table 16 Germany lightweight materials market, by application, 2013 - 2024 (USD Million)
Table 17 Asia Pacific lightweight materials market, by product, 2013 - 2024 (Kilo Tons)
Table 18 Asia Pacific lightweight materials market, by product, 2013 - 2024 (USD Million)
Table 19 Asia Pacific lightweight materials market, by application, 2013 - 2024 (Kilo Tons)
Table 20 Asia Pacific lightweight materials market, by application, 2013 - 2024 (USD Million)
Table 21 China lightweight materials market, by product, 2013 - 2024 (Kilo Tons)
Table 22 China lightweight materials market, by product, 2013 - 2024 (USD Million)
Table 23 China lightweight materials market, by application, 2013 - 2024 (Kilo Tons)
Table 24 China lightweight materials market, by application, 2013 - 2024 (USD Million)
Table 25 Latin America lightweight materials market, by product, 2013 - 2024 (Kilo Tons)
Table 26 Latin America lightweight materials market, by product, 2013 - 2024 (USD Million)
Table 27 Latin America lightweight materials market, by application, 2013 - 2024 (Kilo Tons)
Table 28 Latin America lightweight materials market, by application, 2013 - 2024 (USD Million)
Table 29 Brazil lightweight materials market, by product, 2013 - 2024 (Kilo Tons)
Table 30 Brazil lightweight materials market, by product, 2013 - 2024 (USD Million)
Table 31 Brazil lightweight materials market, by application, 2013 - 2024 (Kilo Tons)
Table 32 Brazil lightweight materials market, by application, 2013 - 2024 (USD Million)
Table 33 MEA lightweight materials market, by product, 2013 - 2024 (Kilo Tons)
Table 34 MEA lightweight materials market, by product, 2013 - 2024 (USD Million)
Table 35 MEA lightweight materials market, by application, 2013 - 2024 (Kilo Tons)
Table 36 MEA lightweight materials market, by application, 2013 - 2024 (USD Million)

List of Figures

Figure 1 Market summary
Figure 2 Market trends & outlook
Figure 3 Market segmentation & scope
Figure 4 Penetration & growth prospect mapping
Figure 5 Lightweight Materials Value Chain Analysis
Figure 6 Alumina Production, by region
Figure 7 Global Alumina Production, 2011 - 2015 (Million Tonnes)
Figure 8 Global Iron Ore Imports, 2015 (%)
Figure 9 Global Iron Ore Price Trends, 2010 - 2015 (USD per dry metric tonne)
Figure 10 Global Rutile Production, 2015 (%)
Figure 11 Rutile Price Trends, 2010 - 2015 (USD per metric tonne)
Figure 12 Global Polyacrylonitrile Consumption, 2015 (%)
Figure 13 Market driver relevance analysis (Current & future impact)
Figure 14 Installed capacity of wind energy worldwide 2011-2015 (megawatts)
Figure 15 Market restraint relevance analysis (Current & future impact)
Figure 16 SWOT Analysis, By Factor (political & legal, economic and technological)
Figure 17 Porter’s Five Forces Analysis
Figure 18 Lightweight materials market product outlook key takeaways
Figure 19 Lightweight materials market: Product movement analysis
Figure 20 Global aluminum in lightweight materials market, 2013 - 2024 (Kilo Tons) (USD Million)
Figure 21 Global high strength steel in lightweight materials market, 2013 - 2024 (Kilo Tons) (USD Million)
Figure 22 Global titanium in lightweight materials market, 2013 - 2024 (Kilo Tons) (USD Million)
Figure 23 Global magnesium in lightweight materials market, 2013 - 2024 (Kilo Tons) (USD Million)
Figure 24 Global polymers & composites in lightweight materials market, 2013 - 2024 (Kilo Tons) (USD Million)
Figure 25 Global others in lightweight materials market, 2013 - 2024 (Kilo Tons) (USD Million)
Figure 26 Lightweight materials market application outlook key takeaways
Figure 27 Lightweight materials market: Application movement analysis
Figure 28 Global automotive lightweight materials market, 2013 - 2024 (Kilo Tons) (USD Million)
Figure 29 Global aviation in lightweight materials market, 2013 - 2024 (Kilo Tons) (USD Million)
Figure 30 Global energy in lightweight materials market, 2013 - 2024 (Kilo Tons) (USD Million)
Figure 31 Global others in lightweight materials market, 2013 - 2024 (Kilo Tons) (USD Million)
Figure 32 Regional Lightweight materials market : Key takeaways
Figure 33 Regional outlook, 2015 & 2024
Figure 34 North America Lightweight materials market, by product, 2013 - 2024 (Kilo Tons) (USD Million)
Figure 35 North America Lightweight materials market, by application, 2013 - 2024 (Kilo Tons)(USD Million)
Figure 36 US Lightweight materials market, by application, 2013 - 2024 (Kilo Tons)(USD Million)
Figure 37 US Lightweight materials market, by application, 2013 - 2024 (Kilo Tons) (USD Million)
Figure 38 Europe Lightweight materials market, by product, 2013 - 2024 (Kilo Tons) (USD Million)
Figure 39 Europe Lightweight materials market, by application, 2013 - 2024 (Kilo Tons)(USD Million)
Figure 40 Germany Lightweight materials market, by application, 2013 - 2024 (Kilo Tons)(USD Million)
Figure 41 Germany Lightweight materials market, by application, 2013 - 2024 (Kilo Tons) (USD Million)
Figure 42 Asia Pacific Lightweight materials market, by product, 2013 - 2024 (Kilo Tons) (USD Million)
Figure 43 Asia Pacific Lightweight materials market, by application, 2013 - 2024 (Kilo Tons)(USD Million)
Figure 44 China Lightweight materials market, by application, 2013 - 2024 (Kilo Tons)(USD Million)
Figure 45 China Lightweight materials market, by application, 2013 - 2024 (Kilo Tons) (USD Million)
Figure 46 Latin America Lightweight materials market, by product, 2013 - 2024 (Kilo Tons) (USD Million)
Figure 47 Latin America Lightweight materials market, by application, 2013 - 2024 (Kilo Tons)(USD Million)
Figure 48 Brazil Lightweight materials market, by application, 2013 - 2024 (Kilo Tons)(USD Million)
Figure 49 Brazil Lightweight materials market, by application, 2013 - 2024 (Kilo Tons) (USD Million)
Figure 50 MEA Lightweight materials market, by product, 2013 - 2024 (Kilo Tons) (USD Million)
Figure 51 MEA Lightweight materials market, by application, 2013 - 2024 (Kilo Tons)(USD Million)
Figure 52 Strategy framework
Figure 53 Participant categorization
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