The global lightweight materials market size is expected to reach USD 225.3 billion by 2024., exhibiting a CAGR of 8.9% during the forecast period. Rising material innovation in aviation is expected to improve demand for lightweight materials.
The design of an aircraft must take into consideration a number of factors, such as life-cycle cost, strength-to-weight ratio, fatigue life, fracture toughness, corrosion resistance, and reliability. The importance of these factors governs the choice of materials used in the manufacture of aircraft.
Initially, metals were used to manufacture aircraft as they provide necessary tensile strength to the aircraft. The invention of drones or fighter planes with good aerodynamic balance and fuel efficiency has led to usage of lightweight materials in the aviation industry.
The lightweight materials market is dominated by aluminum, high strength steel, and polymers & composites and are expected to continue doing so in future. Their increased application in various fields is expected to augment demand.
Currently, high strength steel and aluminum are more popular; however, polymers and composites are expected to gain more popularity on account of reduction in prices and increased production of polymers and composites.
Alumina, iron ore, nickel, rutile, and polyacrylonitrile are key raw materials used for manufacturing lightweight materials. These raw materials are further processed to obtain lightweight materials. alumina, rutile, iron ore, and nickel are naturally found in ores whereas polyacrylonitrile, which is one of the major raw materials for carbon composites, is manufactured from petroleum.
Further Key Findings from the Report Suggest:
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The design of an aircraft must take into consideration a number of factors, such as life-cycle cost, strength-to-weight ratio, fatigue life, fracture toughness, corrosion resistance, and reliability. The importance of these factors governs the choice of materials used in the manufacture of aircraft.
Initially, metals were used to manufacture aircraft as they provide necessary tensile strength to the aircraft. The invention of drones or fighter planes with good aerodynamic balance and fuel efficiency has led to usage of lightweight materials in the aviation industry.
The lightweight materials market is dominated by aluminum, high strength steel, and polymers & composites and are expected to continue doing so in future. Their increased application in various fields is expected to augment demand.
Currently, high strength steel and aluminum are more popular; however, polymers and composites are expected to gain more popularity on account of reduction in prices and increased production of polymers and composites.
Alumina, iron ore, nickel, rutile, and polyacrylonitrile are key raw materials used for manufacturing lightweight materials. These raw materials are further processed to obtain lightweight materials. alumina, rutile, iron ore, and nickel are naturally found in ores whereas polyacrylonitrile, which is one of the major raw materials for carbon composites, is manufactured from petroleum.
Further Key Findings from the Report Suggest:
- The global lightweight materials market is anticipated to reach 61,925.6 kilotons by 2024, at a CAGR of 8.3% from 2015 to 2022
- In terms of revenue, the high strength steel segment is projected to ascend at a CAGR of 10.2% over the forecast period
- The automotive application dominated the global lightweight materials market with a share of over 86.0% in 2015
- The North America lightweight materials market is anticipated to exceed 12,377.7 kilotons by 2024
- Europe is projected to witness a remarkable CAGR of 8.2% over the forecast, owing to increasing investments in the energy sector
- Asian countries, especially India and China, are expected to observe remarkable growth in next few years
- The market is partially consolidated and competitive in nature, with strong presence of multinational players
- Some of the key companies in the market are Guardian Industries; Cytec Solvay Group; SABIC; Formosa Plastics; Alcoa Inc.; Allegheny Technology Incorporated; Aleris International; and Covestro LLC.
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Table of Contents
Chapter 1. Methodology and Scope1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
Chapter 2. Executive Summary
2.1. Lightweight Materials Market - Industry Summary And Key Buying Criteria, 2013 - 2024
Chapter 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
Chapter 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
Chapter 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
Chapter 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
Chapter 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
FIG. 1 Market summary
FIG. 2 Market trends & outlook
FIG. 3 Market segmentation & scope
FIG. 4 Penetration & growth prospect mapping
FIG. 5 Lightweight Materials Value Chain Analysis
FIG. 6 Alumina Production, by region
FIG. 7 Global Alumina Production, 2011 - 2015 (Million Tonnes)
FIG. 8 Global Iron Ore Imports, 2015 (%)
FIG. 9 Global Iron Ore Price Trends, 2010 - 2015 (USD per dry metric tonne)
FIG. 10 Global Rutile Production, 2015 (%)
FIG. 11 Rutile Price Trends, 2010 - 2015 (USD per metric tonne)
FIG. 12 Global Polyacrylonitrile Consumption, 2015 (%)
FIG. 13 Market driver relevance analysis (Current & future impact)
FIG. 14 Installed capacity of wind energy worldwide 2011-2015 (megawatts)
FIG. 15 Market restraint relevance analysis (Current & future impact)
FIG. 16 SWOT Analysis, By Factor (political & legal, economic and technological)
FIG. 17 Porter’s Five Forces Analysis
FIG. 18 Lightweight materials market product outlook key takeaways
FIG. 19 Lightweight materials market: Product movement analysis
FIG. 20 Global aluminum in lightweight materials market, 2013 - 2024 (Kilo Tons) (USD Million)
FIG. 21 Global high strength steel in lightweight materials market, 2013 - 2024 (Kilo Tons) (USD Million)
FIG. 22 Global titanium in lightweight materials market, 2013 - 2024 (Kilo Tons) (USD Million)
FIG. 23 Global magnesium in lightweight materials market, 2013 - 2024 (Kilo Tons) (USD Million)
FIG. 24 Global polymers & composites in lightweight materials market, 2013 - 2024 (Kilo Tons) (USD Million)
FIG. 25 Global others in lightweight materials market, 2013 - 2024 (Kilo Tons) (USD Million)
FIG. 26 Lightweight materials market application outlook key takeaways
FIG. 27 Lightweight materials market: Application movement analysis
FIG. 28 Global automotive lightweight materials market, 2013 - 2024 (Kilo Tons) (USD Million)
FIG. 29 Global aviation in lightweight materials market, 2013 - 2024 (Kilo Tons) (USD Million)
FIG. 30 Global energy in lightweight materials market, 2013 - 2024 (Kilo Tons) (USD Million)
FIG. 31 Global others in lightweight materials market, 2013 - 2024 (Kilo Tons) (USD Million)
FIG. 32 Regional Lightweight materials market : Key takeaways
FIG. 33 Regional outlook, 2015 & 2024
FIG. 34 North America Lightweight materials market, by product, 2013 - 2024 (Kilo Tons) (USD Million)
FIG. 35 North America Lightweight materials market, by application, 2013 - 2024 (Kilo Tons) (USD Million)
FIG. 36 US Lightweight materials market, by application, 2013 - 2024 (Kilo Tons) (USD Million)
FIG. 37 US Lightweight materials market, by application, 2013 - 2024 (Kilo Tons) (USD Million)
FIG. 38 Europe Lightweight materials market, by product, 2013 - 2024 (Kilo Tons) (USD Million)
FIG. 39 Europe Lightweight materials market, by application, 2013 - 2024 (Kilo Tons) (USD Million)
FIG. 40 Germany Lightweight materials market, by application, 2013 - 2024 (Kilo Tons) (USD Million)
FIG. 41 Germany Lightweight materials market, by application, 2013 - 2024 (Kilo Tons) (USD Million)
FIG. 42 Asia Pacific Lightweight materials market, by product, 2013 - 2024 (Kilo Tons) (USD Million)
FIG. 43 Asia Pacific Lightweight materials market, by application, 2013 - 2024 (Kilo Tons) (USD Million)
FIG. 44 China Lightweight materials market, by application, 2013 - 2024 (Kilo Tons) (USD Million)
FIG. 45 China Lightweight materials market, by application, 2013 - 2024 (Kilo Tons) (USD Million)
FIG. 46 Latin America Lightweight materials market, by product, 2013 - 2024 (Kilo Tons) (USD Million)
FIG. 47 Latin America Lightweight materials market, by application, 2013 - 2024 (Kilo Tons) (USD Million)
FIG. 48 Brazil Lightweight materials market, by application, 2013 - 2024 (Kilo Tons) (USD Million)
FIG. 49 Brazil Lightweight materials market, by application, 2013 - 2024 (Kilo Tons) (USD Million)
FIG. 50 MEA Lightweight materials market, by product, 2013 - 2024 (Kilo Tons) (USD Million)
FIG. 51 MEA Lightweight materials market, by application, 2013 - 2024 (Kilo Tons) (USD Million)
FIG. 52 Strategy framework
FIG. 53 Participant categorization
Companies Mentioned
- SABIC
- Cytec Solvay Group
- Aleris International
- Formosa Plastics Group
- Alcoa Inc.
- PPG Industries Inc.
- Toray Industries Inc.
- Precision Castparts Corp.
- Allegheny Technologies Incorporated
- Evonik Industries
- Novelis Inc.
- Bayer AG
Methodology
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