Global Lightweight Material Market - Segmented by Resin Type, by End-user Industry and Geography - Growth, Trends and Forecasts (2018 - 2023)

  • ID: 4520061
  • Report
  • Region: Global
  • 139 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • Alcoa Inc.
  • Dead Sea Magnesium Ltd.
  • Novelis Inc.
  • PPG Industries Inc.
  • Thyssenkrupp Ag
  • US Magnesium LLC
  • MORE
The global lightweight material market is expected to register a moderate growth during the forecast period, 2018 to 2023. North America accounted for the largest market in 2017, owing to the large Magnesium reserves in the region. Middle East & Africa and South America are expected to be among the fast-growing regions during the forecast period.

Rising Demand for Polycarbonate

The demand for polycarbonate is growing over the forecast period, owing to the properties, such as amorphous, ductile and transparent polymer, as well as UV resistance and chemical resistance, which makes it suitable for a variety of applications. Polycarbonate is used in automotive sector for tail, back-up, and fog lights, along with aesthetically appealing components. Hence, the growing demand for polycarbonate is driving the demand for lightweight materials during the forecast period.

Increasing Demand from Automotive Industry

Automotive is expected to be the largest market for lightweight materials due to the growing demand for lightweight materials in the automotive industry, in order to provide increased efficiency and design flexibility. Lightweight materials offer manufacturers the advantages of design flexibility and comparable strength of steel, which help in reducing the overall weight and controlling greenhouse gasses emissions. Furthermore, factors, such as corrosion resistance, high strength, stiffness and aesthetic appearance properties, are expected to positively influence the demand for lightweight materials in the automotive industry. Hence, the lightweight materials market is expected to grow over the forecast period.

North America to Dominate the Market

North America accounted for the largest market for lightweight materials during the forecast period. North America is witnessing a huge demand for lightweight automobiles, driven by the growing consumer preference for high-quality, fuel-efficient automobiles. Therefore, the utilization of lightweight materials for manufacturing automobiles is rapidly increasing in the region. In addition with this, the growing aerospace industry in the region is also boosting the demand for lightweight materials in North America. Hence, the lightweight materials market is expected to grow at a high rate in the region during the forecast period.

Major Players: Owens Corning, Saudi Basic Industries Corporation, U.S. Magnesium LLC, Arcelormittal, and Titanium Metals Corporation, amongst others.

Reason to Purchase this Report
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • Which application is expected to dominate the market
  • Which regions are expected to witness fastest growth during the forecast period
  • Identifying the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in excel)
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Alcoa Inc.
  • Dead Sea Magnesium Ltd.
  • Novelis Inc.
  • PPG Industries Inc.
  • Thyssenkrupp Ag
  • US Magnesium LLC
  • MORE
1. Introduction
1.1 Research Phases
1.2 Scope of the Report
1.3 Study Deliverables

2. Executive Summary

3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness- Porters Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition

4. Market Dynamics
4.1 Drivers
4.1.1 Increasing Environmental Concerns on Emission and Fuel Efficiency
4.1.2 Growing Demand in Aviation Industry and Increasing R&D in Lightweight Materials
4.2 Constraints
4.2.1 High Costs and Availability of Lightweight Materials
4.2.2 Other Constriants
4.3 Opportunities
4.3.1 New Environmental Regulations on Vehicular Emissions in Emerging Countries
4.3.2 New Developments in the Wind Energy Sector

5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By Type
5.1.1 Metal Alloy
5.1.1.1 Aluminum
5.1.1.2 Magnesium
5.1.1.3 High Strength Steel
5.1.1.4 Titanium
5.1.1.5 Others (Beryllium, etc.)
5.1.2 Engineering Plastic
5.1.2.1 Polycarbonate
5.1.2.2 Polypropylene
5.1.2.3 Others (Polyamide,etc.)
5.1.3 Composite
5.1.3.1 Carbon Fiber Reinforced
5.1.3.2 Glass Fiber Reinforced
5.1.3.3 Others
5.1.4 Others
5.2 By End-user Industry
5.2.1 Aerospace
5.2.2 Automotive
5.2.3 Marine
5.2.4 Wind Energy
5.2.5 Others (Building & Construction, etc.)

6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.1 Asia-Pacific
6.1.1 China
6.1.2 India
6.1.3 Japan
6.1.4 South Korea
6.1.5 ASEAN countries
6.1.6 Rest of Asia-Pacific
6.2 Europe
6.2.1 Italy
6.2.2 Germany
6.2.3 France
6.2.4 United Kingdom
6.2.5 Spain
6.2.6 Russia
6.2.7 Rest of Europe
6.3 North America
6.3.1 United States
6.3.2 Mexico
6.3.3 Canada
6.3.4 Rest of North America
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 The Middle East & Africa
6.5.1 South Africa
6.5.2 Saudi Arabia
6.5.3 Rest of Middle East & Africa

7. Future of the Market

8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players

9. Company Profiles (Overview, Financials**, Products & Services, Recent Developments)
9.1 Arcelormittal SA
9.2 Alcoa Inc.
9.3 Saudi Basic Industries Corporation
9.4 PPG Industries, Inc.
9.5 Toray Industries, Inc.
9.6 Dead Sea Magnesium Ltd.
9.7 Hexcel Corporation
9.8 Novelis Inc.
9.9 Owens Corning
9.10 Styron LLC
9.11 Thyssenkrupp Ag
9.12 Titanium Metals Corporation
9.13 US Magnesium LLC
9.14 Vsmpo-Avisma Corporation

10. Disclaimer
** Subject to availability on public Domain
Note: Product cover images may vary from those shown
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  • Arcelormittal SA
  • Alcoa Inc.
  • Saudi Basic Industries Corporation
  • PPG Industries Inc.
  • Toray Industries Inc.
  • Dead Sea Magnesium Ltd.
  • Hexcel Corporation
  • Novelis Inc.
  • Owens Corning
  • Styron LLC
  • Thyssenkrupp Ag
  • Titanium Metals Corporation
  • US Magnesium LLC
  • Vsmpo-Avisma Corporation,
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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