Global Lightweight Materials Market - Analysis & Forecast 2017-2023 (Focus on Metals, Composites, Plastics, Applications in Automotive, Aerospace & Defense and Wind Energy)

  • ID: 4249951
  • Report
  • Region: Global
  • 347 pages
  • BIS Research
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The Lightweight Materials Market is Estimated to Reach $242.78 Billion by 2023

FEATURED COMPANIES

  • Alcoa Corporation
  • Cytec Solvay Group
  • Hexcel Corporation
  • Owens Corning Corporation
  • Sekisui Jushi Corporation
  • ThyssenKrupp A.G.
  • MORE

Global Lightweight Materials Market - Analysis & Forecast (2017-2023) (Focus on Metals (Aluminum, High Strength Steel), Composites (Glass Fiber Composites, Carbon Fiber Composites), Plastics; Applications in Automotive, Aerospace & Defense, and Wind Energy)

The global lightweight materials market in terms of value is estimated to witness a growth at a CAGR of 7.0% between 2017 and 2023. The increasing demand and the growth rate for lightweight materials in the market is attributed to their increasing usage in end-use industries such as automotive, aerospace & defense, wind energy and others.

The rising demand is in line with the unique properties of lightweight materials. The properties such as low density, high strength and stiffness, high ductility, temperature and corrosion resistance make lightweight materials a preferred choice over conventional materials such as iron and steel. 

These properties help in weight reduction, leading to increased fuel economy, reduced CO2 emissions and longer life and low maintenance costs.

The report is a compilation of various segmentations including market breakdown by lightweight material type, sub-type, end-use applications, and different geographical regions. It also includes sections on competitive insights and market dynamics. Herein the revenue generated from lightweight materials is tracked to calculate the market size.

While highlighting the key driving and restraining forces for this market, the report also provides a comprehensive section of the application areas of the lightweight materials market. It also examines the role of the leading market players involved in this market.

The report addresses the following key questions about the global lightweight materials market:

  •  What is the global lightweight materials market size is in terms of revenue from 2016-2023?
  •  Which is the dominant type and sub-type by revenue in the lightweight materials market?
  •  What is the revenue generated by the different lightweight materials by type and sub-type in the lightweight materials market?
  •  What is the revenue generated by the different applications of the lightweight materials market?
  •  What are the different factors driving the market in the forecast period?
  •  What are the major factors challenging the growth of global lightweight materials market?
  •  What are opportunities for the global lightweight materials market?
  •  What kind of new strategies are being adopted by existing market players to make a mark in the industry?
  •  What is the revenue generated by the different geographic regions in the lightweight materials market?
  •  Which region will lead to the global lightweight materials market by the end of the forecast period?
  •  Which are the existing key market players that have made a mark in the lightweight materials market?

The report has put special emphasis on the market share and size of metals, composites and plastics, owing to their high share in the current and upcoming market of lightweight materials. The industry analysis have also been undertaken in order to examine the impact of various factors and understand the overall attractiveness of the industry.

The most often used strategy for developing a better hold on to the market has been through agreements, collaborations, contracts, and partnerships, followed by new product launches. The company profile section includes highlights of significant information about the key companies involved, along with their financial summaries and key strategies & developmental activities of recent years. Some of the key players involved in this market are Toray Industries, Teijin Limited, Mitsubishi Rayon Co. Ltd., SGL Group, Hexcel Corporation, Cytec Industries, Owens Corning Corporation, Jushi Group Co. Ltd, Dead Sea Magnesium Ltd., Titanium Metals Corporation, Vsmpo-Avisma Corporation, ALCOA Inc., Novelis Inc., Arcelor Mittal S.A., Rio Tinto, China Hongqiao Group, Thyssenkrup AG, Lyondellbasell Industries N.V., Formosa Plastic, and SABIC.

Metals dominated the lightweight materials market accounting for a market share of 60% by value in 2016. Asia Pacific generated the maximum amount of revenue in the year 2016 in the global lightweight materials market followed by North America and Europe. Additionally, APAC has the highest potential to grow in the forecast period due to the presence of emerging economies such as China and India.

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FEATURED COMPANIES

  • Alcoa Corporation
  • Cytec Solvay Group
  • Hexcel Corporation
  • Owens Corning Corporation
  • Sekisui Jushi Corporation
  • ThyssenKrupp A.G.
  • MORE

Executive Summary

1 Research Scope and Methodology
1.1 Report Scope
1.2 Global Lightweight Materials Market Research Methodology
1.2.1 Assumptions and Limitations
1.2.2 Primary Research
1.2.3 Secondary Research
1.2.4 Data Triangulation
1.2.5 Data Analysing & Market Estimation

2 Market Dynamics
2.1 Introduction
2.2 Market Drivers
2.2.1 Superior Properties
2.2.2 Stringent Regulations
2.2.3 Increasing Material Innovation and Demand in the End-Use Industries
2.3 Market Restraints
2.3.1 High Cost of Lightweight Materials and Technological Advancements
2.3.2 Uncertainty in Production Tax Credit (PTC)
2.4 Market Opportunities
2.4.1 Growing Demand of Composites in New Lightweight Applications
2.4.2 Rapid Growth in Wind Energy Installations
2.4.3 Growing demand in Emerging Economies

3 Competitive Insights
3.1 Player Share Analysis
3.1.1 Product Segment Share, by Company, 2016 & 201
3.1.1.1 Carbon Fiber Composites Market Share, 201
3.1.1.2 Carbon Fiber Composites Market Share, 2017-Estimated
3.1.1.3 Glass Fiber Composites Market Share, 201
3.1.1.4 Glass Fiber Composites Market Share, 2017-Estimated
3.1.1.5 Aluminum Competitive Analysis, 201
3.2 Opportunity Matrix Analysis
3.3 Country Share Analysis
3.4 R & D Analysis of Key Market Players
3.5 Key Strategies and Developments
3.5.1 Agreements, Collaborations, Contracts, Joint Venture, & Partnerships
3.5.2 Business Expansions
3.5.3 New Product Launches & Developments
3.5.4 Mergers & Acquisitions
3.5.5 Others

4 Industry Analysis
4.1 Supply Chain Analysis
4.2 Porter’s Five Forces Analysis
4.2.1 Threat of New Entrants
4.2.2 Threat of Substitutes
4.2.3 Bargaining Power of Buyers
4.2.4 Bargaining Power of Suppliers
4.2.5 Intensity of Competitive Rivalry
4.3 Future Trends and Developments in Lightweight materials Market

5 Global Lightweight Materials Market, by  Type
5.1 Assumptions for Analysis and Forecast of the Global Lightweight Materials Market
5.2 Introduction
5.2.1 Metals
5.2.1.1 Lightweight Metals Market, by Sub-Type
5.2.1.1.1 Aluminium
5.2.1.1.2 High Strength Steel
5.2.1.1.3 Magnesium
5.2.1.1.4 Titanium
5.2.1.1.5 Beryllium
5.2.1.2 Lightweight Metals Market, by Application
5.2.1.3 Lightweight Metals Market, by Region
5.2.2 Composites
5.2.2.1 Lightweight Composites Market, by Sub-Type
5.2.2.1.1 Glass Fibers
5.2.2.1.2 Carbon Fibers
5.2.2.2 Lightweight Composites Market, by Application
5.2.2.3 Lightweight Composites Market, by Region
5.2.3 Plastics
5.2.3.1 Lightweight Plastics Market, by Application
5.2.3.2 Lightweight Plastics Market, by Region

6 Global Lightweight Materials Market, by End-Use Industry
6.1.1 Automotive
6.1.1.1 Powertrain
6.1.1.2 Structural
6.1.1.3 Interior
6.1.1.4 Exterior
6.1.2 Aerospace & Defense
6.1.3 Wind Energy
6.1.4 Others

7 Global Lightweight Materials Market, by Region
7.1 Introduction
7.1.1 Asia-Pacific
7.1.1.1 Lightweight Materials Market, by Type
7.1.1.2 Lightweight Materials Market, by Country
7.1.1.3 China
7.1.1.3.1 Lightweight Materials Market, by Type
7.1.1.4 Japan
7.1.1.4.1 Lightweight Materials Market, by Type
7.1.1.5 South Korea
7.1.1.5.1 Lightweight Materials Market, by Type
7.1.1.6 India
7.1.1.6.1 Lightweight Materials Market, by Type
7.1.1.7 Rest of Asia-Pacific
7.1.1.7.1 Lightweight Materials Market, by Type
7.1.2 North America
7.1.2.1 Lightweight Materials Market, by Type
7.1.2.2 Lightweight Materials Market, by Country
7.1.2.3 The United States
7.1.2.3.1 Lightweight Materials Market, by Type
7.1.2.4 Canada
7.1.2.4.1 Lightweight Materials Market, by Type
7.1.2.5 Mexico
7.1.2.5.1 Lightweight Materials Market, by Type
7.1.3 Europe
7.1.3.1 Lightweight Materials Market, by Type
7.1.3.2 Lightweight Materials Market, by Country
7.1.3.3 Germany
7.1.3.3.1 Lightweight Materials Market, by Type
7.1.3.4 The United Kingdom
7.1.3.4.1 Lightweight Materials Market, by Type
7.1.3.5 France
7.1.3.5.1 Lightweight Materials Market, by Type
7.1.3.6 Italy
7.1.3.6.1 Lightweight Materials Market, by Type
7.1.3.7 Rest of Europe
7.1.3.7.1 Lightweight Materials Market, by Type
7.1.4 Middle East & Africa
7.1.4.1 Lightweight Materials Market, by Type
7.1.5 South America
7.1.5.1 Lightweight Materials Market, by Type

8 Company Profiles
8.1 Introduction
8.2 Alcoa Corporation
8.2.1 Company Overview
8.2.2 Financials
8.2.3 Financial Summary
8.2.4 SWOT Analysis
8.3 Arcelor Mittal S.A.
8.3.1 Company Overview
8.3.2 Product Portfolio
8.3.3 Financials
8.3.3.1 Financial Summary
8.3.4 SWOT Analysis
8.4 Bayer A.G.
8.4.1 Company Overview
8.4.2 Financials
8.4.2.1 Financial Summary
8.4.3 SWOT Analysis
8.5 China Hongqiao Group Limited
8.5.1 Company Overview
8.5.2 Financials
8.5.2.1 Financial Summary
8.5.3 SWOT Analysis
8.6 Cytec Solvay Group
8.6.1 Company Overview
8.6.2 Financials
8.6.2.1 Financial Summary
8.6.3 SWOT Analysis
8.7 Dead Sea Magnesium Ltd.
8.7.1 Company Overview
8.7.2 About the Company
8.8 Exxon Mobil Corporation
8.8.1 Company Overview
8.8.2 Financials
8.8.2.1 Financial Summary
8.8.3 SWOT Analysis
8.9 E. I. Du Pont de Nemours and Company
8.9.1 Company Overview
8.9.2 Product Portfolio
8.9.3 Financials
8.9.3.1 Financial Summary
8.9.4 SWOT Analysis
8.10 Formosa Plastic Corporation
8.10.1 Company Overview
8.10.2 Product Portfolio
8.10.3 Financials
8.10.3.1 Financial Summary
8.10.4 SWOT Analysis
8.11 Hexcel Corporation
8.11.1 Company Overview
8.11.2 Product Portfolio
8.11.3 Financials
8.11.3.1 Financial Summary
8.11.4 SWOT Analysis
8.12 LyondellBasell Industries N.V.
8.12.1 Company Overview
8.12.2 Financials
8.12.2.1 Financial Summary
8.12.3 SWOT Analysis
8.13 Mitsubishi Rayon Co. Ltd.
8.13.1 Company Overview
8.13.2 Product Portfolio
8.13.3 Financials
8.13.3.1 Financial Summary
8.13.4 SWOT Analysis
8.14 Novelis Inc.
8.14.1 Company Overview
8.14.2 Financials
8.14.2.1 Financial Summary
8.14.3 SWOT Analysis
8.15 Owens Corning Corporation
8.15.1 Company Overview
8.15.2 Product Portfolio
8.15.3 Financials
8.15.3.1 Financial Summary
8.15.4 SWOT Analysis
8.16 PPG Industries Inc.
8.16.1 Company Overview
8.16.2 Product Portfolio
8.16.3 Financials
8.16.3.1 Financial Summary
8.16.4 SWOT Analysis
8.17 Rio Tinto Group
8.17.1 Company Overview
8.17.2 Product Portfolio
8.17.3 Financials
8.17.3.1 Financial Summary
8.17.4 SWOT Analysis
8.18 Saudi Basic Industries Corporation
8.18.1 Company Overview
8.18.2 Product Portfolio
8.18.3 Financials
8.18.3.1 Financial Summary
8.18.4 SWOT Analysis
8.19 Sekisui Jushi Corporation
8.19.1 Company Overview
8.19.2 Product Portfolio
8.19.3 Financials
8.19.3.1 Financial Summary
8.19.4 SWOT Analysis
8.20 SGL Group
8.20.1 Company Overview
8.20.2 Product Portfolio
8.20.3 Financials
8.20.3.1 Financial Summary
8.20.4 SWOT Analysis
8.21 Teijin Limited
8.21.1 Company Overview
8.21.2 Product Portfolio
8.21.3 Financials
8.21.3.1 Financial Summary
8.21.4 SWOT Analysis
8.22 ThyssenKrupp A.G.
8.22.1 Company Overview
8.22.2 Product Portfolio
8.22.3 Financials
8.22.3.1 Financial Summary
8.22.4 SWOT Analysis
8.23 Titanium Metals Corporation
8.23.1 Company Overview
8.23.2 About the Company
8.24 Toray Industries Inc.
8.24.1 Company Overview
8.24.2 Product Portfolio
8.24.3 Financials
8.24.3.1 Financial Summary
8.24.4 SWOT Analysis
8.25 Trinseo S.A.
8.25.1 Company Overview
8.25.2 FINANCIALS
8.25.2.1 Financial Summary
8.25.3 SWOT Analysis
8.26 U.S. Magnesium LLC
8.26.1 Company Overview
8.26.2 About the Company
8.27 United States Steel Corporation
8.27.1 Company Overview
8.27.2 Financials
8.27.2.1 Financial Summary
8.27.3 SWOT Analysis
8.28 VerkhneSaldinskoye Metallurgicheskoye Proizvodstvennoye Ob'yedineniye- AVIatsionnyye Spetsial'nyye MAterialy or Aviation Special Materials (VSMPO-AVISMA) Corporation
8.28.1 Company Overview
8.28.2 Financials
8.28.2.1 Financial Summary
8.28.3 SWOT Analysis
 
List of Tables 
Table 1: Market Snapshot: Global Lightweight Materials Market
Table 2.1:  Overview of the Lightweight Materials and their Applications
Table 3.1: Aluminium Competitive Analysis, by Production Capacity, 201
Table 3.2: Agreements, Contracts, Collaborations, Joint Ventures, & Partnerships
Table 3.3: Key Business Expansion Activities
Table 3.4: Key Product Launches
Table 3.5: Key Mergers & Acquisitions
Table 3.6: Other Developments
Table 4.1: Comparison between Lightweight Materials w.r.t. Mild Steel
Table 5.1: Comparison of Lightweight Materials with Steel
Table 5.2:  Global Lightweight materials Market, by Type, Million tons (2016 – 2023)
Table 5.3:  Global Lightweight Materials Market, by Type, $Billion (2016 – 2023)
Table 5.4:  Global Lightweight Metals Market, by Sub-Type, Million Tons (2016 – 2023)
Table 5.5:  Global Lightweight Metals Market, by Sub-Type, $Billion (2016 – 2023)
Table 5.6: Different Types of Aluminum Alloys used in the Aircraft Manufacturing
Table 5.6: Metals Lightweight Materials Market, by Application, Million Tons (2016 – 2023)
Table 5.7: Metals Lightweight Materials Market, by Application (by value), $Billion (2016 –
2023)
Table 5.8: Metals Lightweight Materials Market, by Region, Million tons (2016 – 2023)
Table 5.9:  Metals Lightweight Materials Market, by Region, $Billion (2016 – 2023)
Table 5.10:  Composites Lightweight Materials Market, by Sub-Type, Million Tons (2016 –
2023)
Table 5.11:  Composites Lightweight Materials Market, by Sub-Type, $Billion (2016 – 2023)
Table 5.12:  Different Kind of Modulus of Carbon Fiber (2016 – 2023)
Table 5.13: Composites Lightweight Materials Market, by Application, Million Tons (2016 –
2023)
Table 5.13: Composites Lightweight Materials Market, by Application, $Billion (2016 – 2023)
Table 5.14: Composites Lightweight Materials Market, by Region, Million Tons (2016 – 2023)
Table 5.15: Composites Lightweight Materials Market, by Region, $Billionn(2016 – 2023)
Table 5.16: Different Types of Plastics in Lightweight Materials Market
Table 5.17:  Plastics Lightweight Materials Market, by Application, Million Tons (2016 – 2023)
Table 5.18: Plastics Lightweight Materials Market, by Application, $Billion  (2016 – 2023)
Table 5.19: Plastics Lightweight Materials Market, by Region, Million Tons (2016 – 2023)
Table 5.20:  Plastics Lightweight Materials Market, by Region, $Billion (2016 – 2023)

Table 6.1:  Application Overview of Lightweight Materials, by End-Use Industry
Table 6.2:  Global Lightweight Materials Market, by Application, Million tons (2016 – 2023)
Table 6.3: Global Lightweight Materials Market, by Application, $Billion (2016 – 2023)
Table 6.4:  Automotive Lightweight Materials Market, by Type, Million tons (2016 – 2023)
Table 6.5: Automotive Lightweight Materials Market, by Type, $Billion (2016 – 2023)
Table 6.6: Some of the Major Players involved in Manufacturing Composite based Automotive
Parts
Table 6.7: Volume of carbon Fiber used in the Aircraft
Table 6.8: Aerospace & Defense Lightweight Materials Market, by Type, Million tons (2016 –
2023)
Table 6.9: Aerospace & Defense Lightweight Materials Market, by Type, $Billion (2016 – 2023)
Table 6.10: Lightweight Materials used by the Wind Turbine Manufacturers
Table 6.11: Cumulative Wind Energy Installations/Wind Power capacity, MW 2011-2016
Table 6.12:  Wind Energy Lightweight Materials Market, by Type, Million tons (2016 – 2023)
Table 6.13: Wind Energy Lightweight Materials Market, by Type, $Billion (2016 – 2023)
Table 6.14: Others Lightweight Materials Market, by type, Million tons (2016 – 2023)
Table 6.15: Other Lightweight Materials Market, by Type, $Billion (2016 – 2023)
Table 7.1: Global Lightweight Materials Market by Region, by Volume, Million Tons (2016 –
2023)
Table 7.2: Global Lightweight Materials Market by Region, by Value, $Billion (2016 – 2023)
Table 7.3: Asia-Pacific Lightweight Materials Market, by Type, Million Tons (2016 – 2023)
Table 7.4: Asia-Pacific Lightweight Materials Market, by Type, $Billion (2016 – 2023)
Table 7.5: Asia-Pacific Lightweight Materials Market by Country, Million Tons (2016 – 2023)
Table 7.6: Asia-Pacific Lightweight Materials Market by Country, $Billion (2016 – 2023)
Table 7.7: China: Lightweight Materials Market, by Type, Million Tons (2016 – 2023)
Table 7.8: China: Lightweight Materials Market, by Type, $Billion (2016 – 2023)
Table 7.9: Japan: Lightweight Materials Market, by Type, Million Tons (2016 – 2023)
Table 7.10: Japan: Lightweight Materials Market, by Type, $Billion (2016 – 2023)
Table 7.11: South Korea: Lightweight Materials Market, by Type, Million Tons (2016 – 2023)
Table 7.12: South Korea: Lightweight Materials Market, by Type, $Billion (2016 – 2023)
Table 7.13: India: Lightweight Materials Market, by Type, Million Tons (2016 – 2023)
Table 7.14: India: Lightweight Materials Market, by Type, $Billion (2016 – 2023)
Table 7.15: Rest of Asia-Pacific: Lightweight Materials Market, by Type, Million Tons (2016 –
2023)
Table 7.16: Rest of Asia-Pacific: Lightweight Materials Market, by Type, $Billion (2016 – 2023)
Table 7.17: North America Lightweight Materials Market, by Type, Million Tons (2016 – 2023)
Table 7.18: North America Lightweight Materials Market, by Type, $Billion (2016 – 2023)
Table 7.19: North America Lightweight Materials Market by Country, Million Tons (2016 – 2023)
Table 7.20: North America Lightweight Materials Market by Country, $Billion (2016 – 2023)
Table 7.21: U.S. Lightweight Materials Market, by Type, Million Tons (2016 – 2023)
Table 7.22: U.S. Lightweight Materials Market, by Type, $Billion (2016 – 2023)
Table 7.23: Canada Lightweight Materials Market, by Type, Million Tons (2016 – 2023)
Table 7.24: Canada: Lightweight Materials Market, by Type, $Billion (2016 – 2023)
Table 7.25: Mexico Lightweight Materials Market, by Type, Million Tons (2016 – 2023)
Table 7.26: Mexico Lightweight Materials Market, by Type, $Billion (2016 – 2023)
Table 7.27: Europe Lightweight Materials Market, by Type, Million Tons (2016 – 2023)
Table 7.28: Europe Lightweight Materials Market, by Type, $Billion (2016 – 2023)
Table 7.29: Europe Lightweight Materials Market by Country, Million Tons (2016 – 2023)
Table 7.30: Europe Lightweight Materials Market by Country, $Billion (2016 – 2023)
Table 7.31: Germany: Lightweight Materials Market, by Type, Million Tons (2016 – 2023)
Table 7.32: Germany: Lightweight Materials Market, by Type, $Billion (2016 – 2023)
Table 7.33: UK: Lightweight Materials Market, by Type, Million Tons (2016 – 2023)
Table 7.34: UK: Lightweight Materials Market, by Type, $Billion (2016 – 2023)
Table 7.35: France: Lightweight Materials Market, by Type, Million Tons (2016 – 2023)
Table 7.36: France: Lightweight Materials Market, by Type, $Billion (2016 – 2023)
Table 7.37: Italy: Lightweight Materials Market, by Type, Million Tons (2016 – 2023)
Table 7.38: Italy: Lightweight Materials Market, by Type, $Billion (2016 – 2023)
Table 7.39: ROE: Lightweight Materials Market, by Type, Million Tons (2016 – 2023)
Table 7.40: ROE: Lightweight Materials Market, by Type, $Billion (2016 – 2023)
Table 7.41: ME&A Lightweight Materials Market, by Type, Million Tons (2016 – 2023)
Table 7.42: ME&A Lightweight Materials Market, by Type, $Billion (2016 – 2023)
Table 7.43: South America Lightweight Materials Market, by Type, Million Tons (2016 – 2023)
Table 7.44: South America Lightweight Materials Market, by Type, $Billion (2016 – 2023)

List of Figures
 
Figure 1: Lightweight Materials Market Snapshot
Figure 2: Lightweight Materials Market Share, by Type, $Billion, 2017 and 202
Figure 3:  Market Attractiveness, by Sub Type, 2017 and 202
Figure 4:  Lightweight Materials Market Size, by Application
Figure 5: Lightweight Materials Market, by Region, 2017 and 202
Figure 6: Lightweight Materials Market, by Country, 201
Figure 1.1: Global Lightweight Materials Market Scope
Figure 1.2: Report Design
Figure 1.3: Primary Interviews Breakdown, by Player, Designation, and Region
Figure 1.4: Sources of Secondary Research
Figure 1.5: Data Triangulation
Figure 1.6: Top Down & Bottom Up Approach
Figure 2.1: Global Lightweight Materials Market Dynamics
Figure 2.2: Comparison between Prices and Specific Strength of Different Materials
Figure 2.3: Worldwide Political Initiatives to Reduce CO

 Emissions
Figure 2.4:  Toray Industries Contribution to CO

Figure 2.5: Evolution of Raw Materials in Aerospace & Defense Industry
Figure 2.6: Evolution of Raw Materials in Automotive Industry
Figure 2.7: Impact of PTC Expiration and Extension on U.S. Annual Installed Wind Capacity
Figure 2.8: Global Wind Energy Capacity Market Share, By Region, 201
Figure 3.1:  Carbon Fiber Composites Market Share Analysis, by Production Capacity, 201
Figure 3.2:  Carbon Fiber Composites Market Share Analysis, by Production Capacity, 2017-E
Figure 3.3: Glass Fiber Composites Market Share Analysis, by Production Capacity, 201
Figure 3.4: Glass Fiber Composites Market Share Analysis, by Production Capacity, 2017-E
Figure 3.5: Global Lightweight Materials Market Opportunity Matrix, by Region, 201
Figure 3.6: Global Lightweight Materials Market Opportunity Matrix, by Country, 201
Figure 3.7: Global Lightweight Materials Market Opportunity Matrix, by Country, 202
Figure 3.8: Country Share Analysis of Global Lightweight Materials Market, 201
Figure 3.9: R&D Analysis of Key Players in Global Lightweight Materials Market
Figure 3.10: Share of Key Market Strategies & Developments
Figure 3.11: Total Number of Strategies & Developments
Figure 4.1: Global Lightweight Materials Supply Chain
Figure 4.2: Global Lightweight Materials Porter’s Five Forces Analysis
Figure 5.1: Global Lightweight Materials Market, By Type
Figure 5.2: Global Lightweight materials Market Size, by Type, $Billion, 2017 and 2023
Figure 5.3: Metals Lightweight Market Size, $Billion (2016 – 2023)
Figure 5.4:  Metals Lightweight Market Share, by Sub-Type, Million Tons and $Billion(2016 –
2023)
Figure 5.5:  Metals Lightweight Materials Market, by Application, $Billion (2017 – 2023)
Figure 5.6: Metals Lightweight Materials Market, by Region, Million tons (2017 – 2023)
Figure 5.7:  Composites Lightweight Market Size, $Billion (2016 – 2023)
Figure 5.8:  Composites Lightweight Materials Market, by Sub-Type, Million Tons and $Billion 
(2016 – 2023)
Figure 5.9:  Strategic Alliances in Automotive Industry, by OEMs and Carbon Fiber Suppliers
Figure 5.10:  Composites Lightweight Materials Market, by Application, $Billion (2017 – 2023)
Figure 5.11: Composites Lightweight Materials Market, by Region, Million Tons (2017 – 2023)
Figure 5.11:  Plastics Lightweight Market Size, $Billion (2016 – 2023)
Figure 5.12: Plastics Lightweight Materials Market, by Application, $Billion (2017 – 2023)
Figure 5.13:  Plastics Lightweight Materials Market, by Region, Million Tons (2017 – 2023)
Figure 6.1: Global Lightweight Materials Market, by Application, $Billion
Figure 6.2: Automotive Lightweight Materials Market, by Type, $Billion (2016 – 2023)
Figure 6.3: Weight Saving in Automotive Applications by using Lightweight Materials
Figure 6.4: Percent Distribution in Vehicle Weight, By Type and their Applications
Figure 6.5: Aerospace & Defense Lightweight Materials Market, by Type, $Billion (2017 – 2023)
Figure 6.6: Aircraft Material Composition of B767 & B787
Figure 6.7:  Aircraft Market Share, By Material
Figure 6.8: Airline Passenger Traffic, by Region, 2015-2035
Figure 6.9: New Airplane Demand, By Region, 2016-2035
Figure 6.10: Wind Energy Lightweight Materials Market, by Type, $Billion (2017 – 2023)
Figure 6.11: Annual Wind Energy Installations, 2011-2016
Figure 6 12:  Trend Towards the Increase in Size of Wind Turbines, 1985-2015
Figure 6.13: Others Lightweight Materials Market, by type, $Billion (2017 – 2023)
Figure 7.1: Lightweight materials Market Growth Rate, by Region, 2017 and 2023
Figure 7.2: Lightweight materials Market Growth Rate, by Region, 2017 - 2023
Figure 7.3: Asia-Pacific Lightweight Materials Market, by Type, $Billion, 2017-2023
Figure 7.4: Asia-Pacific Lightweight Materials Market, by Country, $Billion, 2017-2023
Figure 7.5: North America Lightweight Materials Market, by Type, $Billion, 2017-2023
Figure 7.6: North America Lightweight Materials Market, by Country, $Billion, 2017-2023
Figure 7.7: Europe Lightweight Materials Market, by Type, $Billion, 2017-2023
Figure 7.8: Composites Innovative Cluster in European Lightweight Materials Market
Figure 7.9: Europe Lightweight Materials Market, by Country, $Billion, 2017-2023
Figure 7.10: ME&A Lightweight Materials Market, by Type, $Billion, 2017-2023
Figure 7.11: South America Lightweight Materials Market, by Type, $Billion, 2017-2023
Figure 8.1: Overall Financials, 2014-2016
Figure 8.2: Geographic Revenue Mix, 2014-2016
Figure 8.3: Business Segment Revenue Mix, 2014-2016
Figure 8.4: Overall Financials, 2014-2016
Figure 8.5: Geographic Revenue Mix, 2014-2016
Figure 8.6: Business Segment Revenue Mix, 2014-2016
Figure 8.7: Overall Financials, 2014-2016
Figure 8.8: Geographic Revenue Mix, 2014-2016
Figure 8.9: Business Segment Revenue Mix, 2014-2016
Figure 8.10: Overall Financials, 2013-2015
Figure 8.11: Geographic Revenue Mix, 2013-2015
Figure 8.12: Overall Financials, 2013-2015
Figure 8.13: Geographic Revenue Mix, 2013-2015
Figure 8.14: Segment Revenue Mix, 2013-2015
Figure 8.15: Overall Financials, 2014-2016
Figure 8.16: Geographic Revenue Mix, 2014-2016
Figure 8.17: Business Segment Revenue Mix, 2014-2016
Figure 8.18: Overall Financials, 2014-2016
Figure 8.19: Geographic Revenue Mix, 2014-2016
Figure 8.20: Business Segment Revenue Mix, 2014-2016
Figure 8.21: Overall Financials, 2013-2015
Figure 8.22: Overall Financials, 2014-2016
Figure 8.23: Geographic Revenue Mix, 2014-2016
Figure 8.24: Business Segment Revenue Mix, 2014-2016
Figure 8.25: Overall Financials, 2014-2016
Figure 8.26: Geographic Revenue Mix, 2014-2016
Figure 8.27: Business Segment Revenue Mix, 2014-2016
Figure 8.27: Overall Financials, 2013-2015
Figure 8.28: Business Segment Revenue Mix, 2013-2015
Figure 8.29: Overall Financials, 2014-2016
Figure 8.30: Geographic Revenue Mix, 2014-2016
Figure 8.31: Business Segment Revenue Mix, 2014-2016
Figure 8.32: Overall Financials, 2014-2016
Figure 8.33: Geographic Revenue Mix, 2014-2016
Figure 8.34: Business Segment Revenue Mix, 2014-2016
Figure 8.35: Overall Financials, 2014-2016
Figure 8.36: Geographic Revenue Mix, 2014-2016
Figure 8.37: Business Segment Revenue Mix, 2014-2016
Figure 8.38: Overall Financials, 2014-2016
Figure 8.39: Geographic Revenue Mix, 2014-2016
Figure 8.40: Business Segment Revenue Mix, 2014-2016
Figure 8.41: Overall Financials, 2014-2016
Figure 8.42: Business Segment Revenue Mix, 2014-2016
Figure 8.43: Overall Financials, 2014-2016
Figure 8.44: Business Segment Revenue Mix, 2014-2016
Figure 8.45: Overall Financials, 2014-2016
Figure 8.46: Geographic Revenue Mix, 2014-2016
Figure 8.47: Business Segment Revenue Mix, 2014-2016
Figure 8.48: Overall Financials, 2014-2016
Figure 8.49: Geographic Revenue Mix, 2014-2016
Figure 8.50: Business Segment Revenue Mix, 2014-2016
Figure 8.51: Overall Financials, 2014-2016
Figure 8.52: Geographic Revenue Mix, 2013-2015
Figure 8.53: Business Segment Revenue Mix, 2013-2015
Figure 8.54: Overall Financials, 2014-2016
Figure 8.55: Geographic Revenue Mix, 2013-2015
Figure 8.56: Business Segment Revenue Mix, 2013-2015
Figure 8.57: Overall Financials, 2014-2016
Figure 8.58: Geographic Revenue Mix, 2014-2016
Figure 8.59: Business Segment Revenue, 2014-2015
Figure 8.60: Overall Financials, 2014-2016
Figure 8.61: Geographic Revenue Mix, 2014-2016
Figure 8.63: Business Segment Revenue Mix, 2014-2016
Figure 8.64: Overall Financials, 2013-2015
Figure 8.65: Geographic Revenue Mix, 2013-2015
Figure 8.66: Business Segment Revenue Mix, 2013-2015

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FEATURED COMPANIES

  • Alcoa Corporation
  • Cytec Solvay Group
  • Hexcel Corporation
  • Owens Corning Corporation
  • Sekisui Jushi Corporation
  • ThyssenKrupp A.G.
  • MORE

Lightweight materials are materials which weigh less whilst possessing the same strength as that of heavy materials. Some of the lightweight materials include aluminum, high strength steel, carbon fiber reinforced plastic (CFRP), glass fiber reinforced plastic (GFRP), plastics, magnesium, titanium, and others. Lightweight materials offer various unique properties such as resistance to corrosion, heat, & temperature, high electrical and thermal conductivities, low density, high ductility & strength, lighter weight, increased fuel economy, reduction in CO2 emissions into the atmosphere, and longer service life thereby, reducing the cost of maintenance. These properties are not present in other conventional materials such as steel, copper, nickel, and iron.

The lightweight materials market is estimated to reach $242.78 billion by 2023. Increasing usage of lightweight materials in end-use industries, superior properties of lightweight materials over conventional materials, and stringent regulations are some of the major factors which has contributed to the overall market growth. High production cost associated with lightweight materials and uncertainty in production tax credit are two of the major factors hampering the growth of lightweight materials. However, tremendous potential for growth end-use applications, huge investment by government and federal agencies, and growing demand from emerging economies such as China, India, and Brazil is expected to create major opportunities in the lightweight materials market.

Lightweight metals segment dominated the global lightweight materials market with a share of approximately 60.0% in the 2016. The lightweight metals cater to the impending demand of a number of application verticals which is the major reason behind their biggest market share. This category is growing at a slow pace because of the shift in the trends of lightweight materials usage towards composites.

The widespread application of lightweight materials in automotive accounted for a major share of the global lightweight materials market in 2016. The use of lightweight metals in automotive industry exhibits specific features such as high strength, stiffness, resistance to heat & corrosion, etc., which are not found in the conventional materials. This dominance is expected by the global lightweight materials market due to increase in the stringent regulations and standards by the government regarding reduction in carbon emissions and improvement in fuel efficiency by reducing the weight of the vehicle. Major companies such as BMW, Ford, Apple Inc., General Motors, among others are using lightweight materials in the manufacturing of the parts to reduce the average weight of their vehicle models, thereby increasing the fuel efficiency of the vehicle.

Asia-Pacific has the largest market share in the lightweight materials market. The major part of the Asia-Pacific’s major share is contributed by the China, which accounted for more than 50% of the total revenue generated in 2016. This is because of the presence of highly advanced research institutes, academia, multinational industrial corporations, automotive and aerospace and defense manufacturers, and increased wind turbine installations which have been providing the necessary impetus to the Asia-Pacific lightweight materials market.

The lightweight materials market is expected to grow at a significant rate between 2017 and 2023 due to increase in the end use industries using lightweight materials. Their remarkable properties, large scale demand from varied end use application verticals, and stringent regulations are some of the factors driving the growth of lightweight materials market. However, high production cost associated with lightweight materials and uncertainty in production tax credit are restraining the growth of the global lightweight materials market.

With the growing popularity of lightweight materials in the market, BIS Research has published a report titled, “Lightweight Materials Market, Analysis & Forecast 2017-2023”, incorporating a comprehensive segmentation of the market into lightweight materials type, end-use industry, and geography and detailed analysis of the factors that are likely to influence and shape the growth trajectory of the market.

The ongoing changes in the industry has led the study to incorporate a detailed chapter on the market dynamics including the key driving and restraining forces, along with the major opportunities for the global lightweight materials market through the forecast period. The market numbers play an important role in the industry, following which a proper market sizing & estimation by type, by application, and by geographical location has been done for the industry.

The report has laid special emphasis on the dominant application verticals in the market. The automotive industry holds share of more than 50% of the global lightweight materials market. Moreover, having identified the potential for further development in the form of agreements, collaborations, contracts, joint ventures & partnerships among others, the report has included a separate section of detailed competitive insights. The recent activities by the key players in this market have also been tracked in the form of company profiles.

In spite of the high rate of initial investment and risks perceived by the investors, the analysis by BIS Research has estimated the industry to grow over $ 242.78 billion by 2023 at a CAGR of 7.30% between 2017 and 2023, with Asia-Pacific region leading the market. Metals are currently dominating the market and are used in varied applications. Automotive industry currently has the largest share in the lightweight materials market, followed by aerospace & defense and wind energy industry.

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  • Alcoa Corporation
  • Arcelor Mittal S.A.
  • Bayer A.G.
  • China Hongqiao Group Limited
  • Cytec Solvay Group
  • Dead Sea Magnesium Ltd.
  • E. I. Du Pont de Nemours and Company
  • Exxon Mobil Corporation
  • Formosa Plastic Corporation
  • Hexcel Corporation
  • LyondellBasell Industries N.V.
  • Mitsubishi Rayon Co. Ltd.
  • Novelis Inc.
  • Owens Corning Corporation
  • PPG Industries Inc.
  • Rio Tinto Group
  • SGL Group
  • Saudi Basic Industries Corporation
  • Sekisui Jushi Corporation
  • Teijin Limited
  • ThyssenKrupp A.G.
  • Titanium Metals Corporation
  • Toray Industries Inc.
  • Trinseo S.A.
  • U.S. Magnesium LLC
  • United States Steel Corporation
  • (VSMPO-AVISMA) Corporation
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The methodology is available for download below.
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