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Lightweight Materials Market By Type, By Application: Global Opportunity Analysis and Industry Forecast, 2020-2030

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    Report

  • 223 Pages
  • May 2022
  • Region: Global
  • Allied Market Research
  • ID: 5640579
Description Jump to:
The global lightweight materials market was valued at $168.1 billion in 2020, and is projected to reach $261.6 billion by 2030, growing at a CAGR of 4.5% from 2021 to 2030.

Lightweight materials are used to reduce the weight of automotive, marine, aircrafts, and windmills without affecting the strength and efficiency of the structure. Some examples of lightweight materials include aluminum, magnesium, beryllium, titanium, titanium aluminides, engineering plastics, structural ceramics, and composites with polymer, and metals.

Implementation of regulations for emission reduction in both developed and developing countries surged the popularity of lightweight materials among several end-use sectors, owing to its potential to reduce the emission by 20-30%. This is expected to aggressively penetrate and boost the demand for lightweight materials during the forecast period. In addition, increase in awareness for renewable energy sources surged the establishments of windmills where lightweight materials-based wind turbines are widely employed, owing to its reduced overall weight and enhanced system efficiency.. This may augment the growth of the lightweight materials market in the growing renewable energy sector.

However, lightweight materials, including polypropylene and polycarbonate use several harmful chemicals during their manufacturing process that if inhaled beyond the maximum concentration limits may cause nausea, vomiting, eye irritation, lung infection, and even cancer. This factor may hinder the growth of the lightweight materials market.

On the contrary, technological advancements and R&D activities surged the potential applications of lightweight materials in various end-use sectors. For instance, lightweight materials are widely used in cruise ships, owing to its properties, including lightweight, high strength, impact resistance, and thermal stability. Moreover, lightweight materials are used in large aircrafts blades, owing to its compressive tensile strength and high thermal stability. These factors are anticipated to increase the sales of lightweight materials among various end-use sectors thus, is expected to provide lucrative growth opportunities for the market.

The global lightweight materials market is segmented on the basis of type, application, and region. Depending on type, the market is divided into metal alloys, composites, polymers, and others. On the basis of application, it is fragmented into automotive, aerospace, wind, marine, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The global lightweight materials market profiles leading players, such as Alcoa Corporation, ArcelorMittal, Bayer AG, DuPont, ExxonMobil Corporation, Novelis Inc., PPG Industries, Inc., Saudi Basic Industries Corporation, Solvay, and Toray Industries, Inc. The global lightweight materials market report provides in-depth competitive analysis as well as profiles of these major players.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the lightweight materials market analysis from 2020 to 2030 to identify the prevailing lightweight materials market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the lightweight materials market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global lightweight materials market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments


By Type

  • Metal Alloys
  • Composites
  • Polymers

By Application

  • Automotive
  • Aerospace
  • Wind
  • Marine
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA
  • Europe
  • Germany
  • United Kingdom
  • France
  • Spain
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia-Pacific

Key Market Players

  • E. I. DUPONT DE NEMOURS AND COMPANY
  • EXXONMOBIL CORPORATION
  • SABIC
  • BAYER AG
  • TORAY INDUSTRIES, INC.
  • NOVELIS INC.
  • ARCELORMITTAL SA
  • PPG INDUSTRIES INC.
  • ALCOA INC.
  • Solvay

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Pricing Analysis
3.8. Value Chain Analysis
3.9. Key Regulation Analysis
3.10. Patent Landscape
CHAPTER 4: LIGHTWEIGHT MATERIALS MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Metal Alloys
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Composites
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Polymers
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
CHAPTER 5: LIGHTWEIGHT MATERIALS MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2 Automotive
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Aerospace
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Wind
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Marine
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
5.6 Others
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market analysis by country
CHAPTER 6: LIGHTWEIGHT MATERIALS MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Type
6.2.3 North America Market size and forecast, by Application
6.2.4 North America Market size and forecast, by country
6.2.4.1 U.S.
6.2.4.1.1 Market size and forecast, by Type
6.2.4.1.2 Market size and forecast, by Application
6.2.4.2 Canada
6.2.4.2.1 Market size and forecast, by Type
6.2.4.2.2 Market size and forecast, by Application
6.2.4.3 Mexico
6.2.4.3.1 Market size and forecast, by Type
6.2.4.3.2 Market size and forecast, by Application
6.3 LAMEA
6.3.1 Key trends and opportunities
6.3.2 LAMEA Market size and forecast, by Type
6.3.3 LAMEA Market size and forecast, by Application
6.3.4 LAMEA Market size and forecast, by country
6.3.4.1 Brazil
6.3.4.1.1 Market size and forecast, by Type
6.3.4.1.2 Market size and forecast, by Application
6.3.4.2 Saudi Arabia
6.3.4.2.1 Market size and forecast, by Type
6.3.4.2.2 Market size and forecast, by Application
6.3.4.3 South Africa
6.3.4.3.1 Market size and forecast, by Type
6.3.4.3.2 Market size and forecast, by Application
6.3.4.4 Rest of LAMEA
6.3.4.4.1 Market size and forecast, by Type
6.3.4.4.2 Market size and forecast, by Application
6.4 Europe
6.4.1 Key trends and opportunities
6.4.2 Europe Market size and forecast, by Type
6.4.3 Europe Market size and forecast, by Application
6.4.4 Europe Market size and forecast, by country
6.4.4.1 Germany
6.4.4.1.1 Market size and forecast, by Type
6.4.4.1.2 Market size and forecast, by Application
6.4.4.2 United Kingdom
6.4.4.2.1 Market size and forecast, by Type
6.4.4.2.2 Market size and forecast, by Application
6.4.4.3 France
6.4.4.3.1 Market size and forecast, by Type
6.4.4.3.2 Market size and forecast, by Application
6.4.4.4 Spain
6.4.4.4.1 Market size and forecast, by Type
6.4.4.4.2 Market size and forecast, by Application
6.4.4.5 Italy
6.4.4.5.1 Market size and forecast, by Type
6.4.4.5.2 Market size and forecast, by Application
6.4.4.6 Rest of Europe
6.4.4.6.1 Market size and forecast, by Type
6.4.4.6.2 Market size and forecast, by Application
6.5 Asia-Pacific
6.5.1 Key trends and opportunities
6.5.2 Asia-Pacific Market size and forecast, by Type
6.5.3 Asia-Pacific Market size and forecast, by Application
6.5.4 Asia-Pacific Market size and forecast, by country
6.5.4.1 China
6.5.4.1.1 Market size and forecast, by Type
6.5.4.1.2 Market size and forecast, by Application
6.5.4.2 India
6.5.4.2.1 Market size and forecast, by Type
6.5.4.2.2 Market size and forecast, by Application
6.5.4.3 Japan
6.5.4.3.1 Market size and forecast, by Type
6.5.4.3.2 Market size and forecast, by Application
6.5.4.4 South Korea
6.5.4.4.1 Market size and forecast, by Type
6.5.4.4.2 Market size and forecast, by Application
6.5.4.5 Australia
6.5.4.5.1 Market size and forecast, by Type
6.5.4.5.2 Market size and forecast, by Application
6.5.4.6 Rest of Asia-Pacific
6.5.4.6.1 Market size and forecast, by Type
6.5.4.6.2 Market size and forecast, by Application
CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments
CHAPTER 8: COMPANY PROFILES
8.1 E. I. DUPONT DE NEMOURS AND COMPANY
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 EXXONMOBIL CORPORATION
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 SABIC
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 BAYER AG
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 TORAY INDUSTRIES, INC.
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 NOVELIS INC.
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 ARCELORMITTAL SA
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 PPG INDUSTRIES INC.
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 ALCOA INC.
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 Solvay
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments
LIST OF TABLES
Table 1. Global Lightweight Materials Market, by Type, 2020-2030 ($Million)
Table 2. Lightweight Materials Market Size, for Metal Alloys, by Region, 2020-2030 ($Million)
Table 3. Lightweight Materials Market for Metal Alloys, by Country, 2020-2030 ($Million)
Table 4. Lightweight Materials Market Size, for Composites, by Region, 2020-2030 ($Million)
Table 5. Lightweight Materials Market for Composites, by Country, 2020-2030 ($Million)
Table 6. Lightweight Materials Market Size, for Polymers, by Region, 2020-2030 ($Million)
Table 7. Lightweight Materials Market for Polymers, by Country, 2020-2030 ($Million)
Table 8. Global Lightweight Materials Market, by Application, 2020-2030 ($Million)
Table 9. Lightweight Materials Market Size, for Automotive, by Region, 2020-2030 ($Million)
Table 10. Lightweight Materials Market for Automotive, by Country, 2020-2030 ($Million)
Table 11. Lightweight Materials Market Size, for Aerospace, by Region, 2020-2030 ($Million)
Table 12. Lightweight Materials Market for Aerospace, by Country, 2020-2030 ($Million)
Table 13. Lightweight Materials Market Size, for Wind, by Region, 2020-2030 ($Million)
Table 14. Lightweight Materials Market for Wind, by Country, 2020-2030 ($Million)
Table 15. Lightweight Materials Market Size, for Marine, by Region, 2020-2030 ($Million)
Table 16. Lightweight Materials Market for Marine, by Country, 2020-2030 ($Million)
Table 17. Lightweight Materials Market Size, for Others, by Region, 2020-2030 ($Million)
Table 18. Lightweight Materials Market for Others, by Country, 2020-2030 ($Million)
Table 19. Lightweight Materials Market, by Region, 2020-2030 ($Million)
Table 20. North America Lightweight Materials Market, by Type, 2020-2030 ($Million)
Table 21. North America Lightweight Materials Market, by Application, 2020-2030 ($Million)
Table 22. North America Lightweight Materials Market, by Country, 2020-2030 ($Million)
Table 23. U.S. Lightweight Materials Market, by Type, 2020-2030 ($Million)
Table 24. U.S. Lightweight Materials Market, by Application, 2020-2030 ($Million)
Table 25. Canada Lightweight Materials Market, by Type, 2020-2030 ($Million)
Table 26. Canada Lightweight Materials Market, by Application, 2020-2030 ($Million)
Table 27. Mexico Lightweight Materials Market, by Type, 2020-2030 ($Million)
Table 28. Mexico Lightweight Materials Market, by Application, 2020-2030 ($Million)
Table 29. LAMEA Lightweight Materials Market, by Type, 2020-2030 ($Million)
Table 30. LAMEA Lightweight Materials Market, by Application, 2020-2030 ($Million)
Table 31. LAMEA Lightweight Materials Market, by Country, 2020-2030 ($Million)
Table 32. Brazil Lightweight Materials Market, by Type, 2020-2030 ($Million)
Table 33. Brazil Lightweight Materials Market, by Application, 2020-2030 ($Million)
Table 34. Saudi Arabia Lightweight Materials Market, by Type, 2020-2030 ($Million)
Table 35. Saudi Arabia Lightweight Materials Market, by Application, 2020-2030 ($Million)
Table 36. South Africa Lightweight Materials Market, by Type, 2020-2030 ($Million)
Table 37. South Africa Lightweight Materials Market, by Application, 2020-2030 ($Million)
Table 38. Rest of LAMEA Lightweight Materials Market, by Type, 2020-2030 ($Million)
Table 39. Rest of LAMEA Lightweight Materials Market, by Application, 2020-2030 ($Million)
Table 40. Europe Lightweight Materials Market, by Type, 2020-2030 ($Million)
Table 41. Europe Lightweight Materials Market, by Application, 2020-2030 ($Million)
Table 42. Europe Lightweight Materials Market, by Country, 2020-2030 ($Million)
Table 43. Germany Lightweight Materials Market, by Type, 2020-2030 ($Million)
Table 44. Germany Lightweight Materials Market, by Application, 2020-2030 ($Million)
Table 45. United Kingdom Lightweight Materials Market, by Type, 2020-2030 ($Million)
Table 46. United Kingdom Lightweight Materials Market, by Application, 2020-2030 ($Million)
Table 47. France Lightweight Materials Market, by Type, 2020-2030 ($Million)
Table 48. France Lightweight Materials Market, by Application, 2020-2030 ($Million)
Table 49. Spain Lightweight Materials Market, by Type, 2020-2030 ($Million)
Table 50. Spain Lightweight Materials Market, by Application, 2020-2030 ($Million)
Table 51. Italy Lightweight Materials Market, by Type, 2020-2030 ($Million)
Table 52. Italy Lightweight Materials Market, by Application, 2020-2030 ($Million)
Table 53. Rest of Europe Lightweight Materials Market, by Type, 2020-2030 ($Million)
Table 54. Rest of Europe Lightweight Materials Market, by Application, 2020-2030 ($Million)
Table 55. Asia-Pacific Lightweight Materials Market, by Type, 2020-2030 ($Million)
Table 56. Asia-Pacific Lightweight Materials Market, by Application, 2020-2030 ($Million)
Table 57. Asia-Pacific Lightweight Materials Market, by Country, 2020-2030 ($Million)
Table 58. China Lightweight Materials Market, by Type, 2020-2030 ($Million)
Table 59. China Lightweight Materials Market, by Application, 2020-2030 ($Million)
Table 60. India Lightweight Materials Market, by Type, 2020-2030 ($Million)
Table 61. India Lightweight Materials Market, by Application, 2020-2030 ($Million)
Table 62. Japan Lightweight Materials Market, by Type, 2020-2030 ($Million)
Table 63. Japan Lightweight Materials Market, by Application, 2020-2030 ($Million)
Table 64. South Korea Lightweight Materials Market, by Type, 2020-2030 ($Million)
Table 65. South Korea Lightweight Materials Market, by Application, 2020-2030 ($Million)
Table 66. Australia Lightweight Materials Market, by Type, 2020-2030 ($Million)
Table 67. Australia Lightweight Materials Market, by Application, 2020-2030 ($Million)
Table 68. Rest of Asia-Pacific Lightweight Materials Market, by Type, 2020-2030 ($Million)
Table 69. Rest of Asia-Pacific Lightweight Materials Market, by Application, 2020-2030 ($Million)
Table 70. E. I. Dupont De Nemours and Company: Company Snapshot
Table 71. E. I. Dupont De Nemours and Company: Operating Segments
Table 72. E. I. Dupont De Nemours and Company: Product Portfolio
Table 73. E. I. Dupont De Nemours and Company: Net Sales
Table 74. E. I. Dupont De Nemours and Company: Key Stratergies
Table 75. Exxonmobil Corporation: Company Snapshot
Table 76. Exxonmobil Corporation: Operating Segments
Table 77. Exxonmobil Corporation: Product Portfolio
Table 78. Exxonmobil Corporation: Net Sales
Table 79. Exxonmobil Corporation: Key Stratergies
Table 80. Sabic: Company Snapshot
Table 81. Sabic: Operating Segments
Table 82. Sabic: Product Portfolio
Table 83. Sabic: Net Sales
Table 84. Sabic: Key Stratergies
Table 85. Bayer Ag: Company Snapshot
Table 86. Bayer Ag: Operating Segments
Table 87. Bayer Ag: Product Portfolio
Table 88. Bayer Ag: Net Sales
Table 89. Bayer Ag: Key Stratergies
Table 90. Toray Industries, Inc.: Company Snapshot
Table 91. Toray Industries, Inc.: Operating Segments
Table 92. Toray Industries, Inc.: Product Portfolio
Table 93. Toray Industries, Inc.: Net Sales
Table 94. Toray Industries, Inc.: Key Stratergies
Table 95. Novelis Inc.: Company Snapshot
Table 96. Novelis Inc.: Operating Segments
Table 97. Novelis Inc.: Product Portfolio
Table 98. Novelis Inc.: Net Sales
Table 99. Novelis Inc.: Key Stratergies
Table 100. Arcelormittal Sa: Company Snapshot
Table 101. Arcelormittal Sa: Operating Segments
Table 102. Arcelormittal Sa: Product Portfolio
Table 103. Arcelormittal Sa: Net Sales
Table 104. Arcelormittal Sa: Key Stratergies
Table 105. Ppg Industries Inc.: Company Snapshot
Table 106. Ppg Industries Inc.: Operating Segments
Table 107. Ppg Industries Inc.: Product Portfolio
Table 108. Ppg Industries Inc.: Net Sales
Table 109. Ppg Industries Inc.: Key Stratergies
Table 110. Alcoa Inc.: Company Snapshot
Table 111. Alcoa Inc.: Operating Segments
Table 112. Alcoa Inc.: Product Portfolio
Table 113. Alcoa Inc.: Net Sales
Table 114. Alcoa Inc.: Key Stratergies
Table 115. Solvay: Company Snapshot
Table 116. Solvay: Operating Segments
Table 117. Solvay: Product Portfolio
Table 118. Solvay: Net Sales
Table 119. Solvay: Key Stratergies
LIST OF FIGURES
Figure 1. Lightweight Materials Market Segmentation
Figure 2. Lightweight Materials Market, 2020-2030
Figure 3. Lightweight Materials Market, 2020-2030
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Lightweight Materials Market:Drivers, Restraints and Opportunities
Figure 12. Pricing Analysis
Figure 13. Value Chain Analysis
Figure 14. Key Regulation Analysis
Figure 15. Patent Analysis by Company
Figure 16. Patent Analysis by Country
Figure 17. Lightweight Materials Market, by Type, 2020 (%)
Figure 18. Comparative Share Analysis of Metal Alloys Lightweight Materials Market, 2020-2030 (%)
Figure 19. Comparative Share Analysis of Composites Lightweight Materials Market, 2020-2030 (%)
Figure 20. Comparative Share Analysis of Polymers Lightweight Materials Market, 2020-2030 (%)
Figure 21. Lightweight Materials Market, by Application, 2020 (%)
Figure 22. Comparative Share Analysis of Automotive Lightweight Materials Market, 2020-2030 (%)
Figure 23. Comparative Share Analysis of Aerospace Lightweight Materials Market, 2020-2030 (%)
Figure 24. Comparative Share Analysis of Wind Lightweight Materials Market, 2020-2030 (%)
Figure 25. Comparative Share Analysis of Marine Lightweight Materials Market, 2020-2030 (%)
Figure 26. Comparative Share Analysis of Others Lightweight Materials Market, 2020-2030 (%)
Figure 27. Lightweight Materials Market by Region, 2020
Figure 28. U.S. Lightweight Materials Market, 2020-2030 ($Million)
Figure 29. Canada Lightweight Materials Market, 2020-2030 ($Million)
Figure 30. Mexico Lightweight Materials Market, 2020-2030 ($Million)
Figure 31. Brazil Lightweight Materials Market, 2020-2030 ($Million)
Figure 32. Saudi Arabia Lightweight Materials Market, 2020-2030 ($Million)
Figure 33. South Africa Lightweight Materials Market, 2020-2030 ($Million)
Figure 34. Rest of LAMEA Lightweight Materials Market, 2020-2030 ($Million)
Figure 35. Germany Lightweight Materials Market, 2020-2030 ($Million)
Figure 36. United Kingdom Lightweight Materials Market, 2020-2030 ($Million)
Figure 37. France Lightweight Materials Market, 2020-2030 ($Million)
Figure 38. Spain Lightweight Materials Market, 2020-2030 ($Million)
Figure 39. Italy Lightweight Materials Market, 2020-2030 ($Million)
Figure 40. Rest of Europe Lightweight Materials Market, 2020-2030 ($Million)
Figure 41. China Lightweight Materials Market, 2020-2030 ($Million)
Figure 42. India Lightweight Materials Market, 2020-2030 ($Million)
Figure 43. Japan Lightweight Materials Market, 2020-2030 ($Million)
Figure 44. South Korea Lightweight Materials Market, 2020-2030 ($Million)
Figure 45. Australia Lightweight Materials Market, 2020-2030 ($Million)
Figure 46. Rest of Asia-Pacific Lightweight Materials Market, 2020-2030 ($Million)
Figure 47. Top Winning Strategies, by Year
Figure 48. Top Winning Strategies, by Development
Figure 49. Top Winning Strategies, by Company
Figure 50. Product Mapping of Top 10 Players
Figure 51. Competitive Dashboard
Figure 52. Competitive Heatmap of Top 10 Key Players
Figure 53. E. I. Dupont De Nemours and Company.: Net Sales, ($Million)
Figure 54. Exxonmobil Corporation.: Net Sales, ($Million)
Figure 55. Sabic.: Net Sales, ($Million)
Figure 56. Bayer AG.: Net Sales, ($Million)
Figure 57. Toray Industries, Inc. Net Sales, ($Million)
Figure 58. Novelis Inc. Net Sales, ($Million)
Figure 59. Arcelormittal SA.: Net Sales, ($Million)
Figure 60. Ppg Industries Inc. Net Sales, ($Million)
Figure 61. Alcoa Inc. Net Sales, ($Million)
Figure 62. Solvay.: Net Sales, ($Million)

Executive Summary

According to this report titled, 'Lightweight Materials Market,' the lightweight materials market was valued at $168.1 billion in 2020, and is estimated to reach $261.6 billion by 2030, growing at a CAGR of 4.5% from 2021 to 2030.

Lightweight materials are used to reduce overall weight of system without affecting the strength and efficiency of structure. They are widely employed in aircrafts, automotive, and windmills to reduce the overall weight. Lightweight materials include metal alloys, plastics, and composites.

Growth in population surged the development of modern theme-based building & construction sector in both developed and developing countries. Lightweight materials in this sector are widely used in window frames, doors, and other building structures. This is expected to fuel the market growth during the forecast period. Furthermore, the increase in disposable income led the automotive sector to witness a significant growth. Lightweight materials in this sector are widely used to reduce the overall weight of the vehicle by 20-30%. For instance, according to an article published by the Times of India, in January 2022, car sales grew by 27% and crossed 30 lakh-unit in 2021. This is expected to propel the demand for lightweight materials in the growing automobile sector.

However, high cost of materials such as titanium, carbon fiber-reinforced composites, and magnesium hinder the growth of the lightweight materials market during the forecast period.

On the contrary, rise in energy efficiency surged the popularity of lightweight materials among several end-use sectors. For instance, lightweight materials are widely employed in windmills, owing to their reduced overall weight and enhanced system efficiency. This is anticipated to increase the sales of lightweight materials thus, providing lucrative growth opportunities for the market.

The lightweight materials market is segmented on the basis of type, application, and region.

By type, the market is fragmented into metal alloys, composites, and polymers. The metal alloys segment dominated the global market, in terms of revenue in 2020, with five-eighth of the total share. This is attributed to increase in disposable income, technological upgrades, rise in new product developments, and surge in number of original equipment manufacturers (OEMs) and aftermarkets.

By application, the global lightweight materials market is classified into automotive, aerospace, wind, marine, and others. The automotive segment dominated the global market, in terms of revenue in 2020, with four-fifth of the total share. This is attributed to rise in middle class income which in turn has led surged the sales of passenger cars where lightweight materials are widely used to reduce the overall weight of the vehicle.

Region-wise, the lightweight materials market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is projected to grow at the highest CAGR during the forecast period, owing to development of aircraft, automotive, marine, and windmills sectors. The automobile sector in India is growing rapidly, owing to factors such as rise in disposable income, increase in youth population, and surge in foreign direct investment (FDI) inflow. Lightweight materials are used in this sectors to reduce the overall weight of the vehicle by 20-30%. This may drive the growth of the lightweight materials market in the region.

Key players operating in the global lightweight materials market include, Alcoa Corporation, ArcelorMittal, Bayer AG, DuPont, ExxonMobil Corporation, Novelis Inc., PPG Industries, Inc., Saudi Basic Industries Corporation, Solvay, and Toray Industries, Inc.

Companies Mentioned

  • E. I. DUPONT DE NEMOURS AND COMPANY
  • EXXONMOBIL CORPORATION
  • SABIC
  • BAYER AG
  • TORAY INDUSTRIES, INC.
  • NOVELIS INC.
  • ARCELORMITTAL SA
  • PPG INDUSTRIES INC.
  • ALCOA INC.
  • Solvay

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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Table Information

Report AttributeDetails
No. of Pages223
PublishedMay 2022
Forecast Period2020 - 2030
Estimated Market Value ( USD ) in 2020 $ 168.1 billion
Forecasted Market Value ( USD ) by 2030 $ 261.6 billion
Compound Annual Growth Rate4.5%
Regions CoveredGlobal
No. of Companies Mentioned10

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