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| Market Size | CAGR | Dominating Region |
|---|---|---|
| USD 251.8 billion by 2029 | 6% | Asia Pacific |
| By Type | By Application | By Region |
|---|---|---|
|
|
|
SCOPE OF THE REPORT
Lightweight Materials Market Overview
The Lightweight Materials Market is expected to grow at 6% CAGR from 2023 to 2029. It is expected to reach above USD 251.8 billion by 2029 from USD 148.5 billion in 2022.
The lightweight materials market has a growing demand in various industries. Lightweight materials play a vital role in the automotive, aerospace and energy industries. These materials being metal alloys, polymer, and composites that gives higher mechanical strength and durability to automobile and aircraft components. Lightweight materials provide a high strength-to-weight ratio, higher corrosion resilience, and good design freedom. The combination of metals or composites that are being used during manufacture determines the effectiveness of the lightweight materials.
The lightweight materials come in variety of forms and grades and are used to manufacture lightweight vehicles, aeroplanes, packaging, and medical equipment.
Many automotive markets are switching to lightweight material product as to reduce the weight of the vehicles owning to the increased awareness pertaining to fuel emissions. The rising demand of automobiles in North America is anticipated to fuel the market growth over the projected period. This growth in the region id driven by strong presence of major auto manufacturers in countries such as U.S. and Canada.
The growing rate of focus for reducing the automobile weight and improving the performance and efficiency of the vehicles have replaced heavy metals and other materials by lightweight materials. The usage of lightweight materials is also increasing seeing to the regulations imposed for protecting the environment.
| ATTRIBUTE | DETAILS |
| Study period | 2023-2029 |
| Base year | 2022 |
| Estimated year | 2023 |
| Forecasted year | 2023-2029 |
| Historical period | 2018-2022 |
| Unit | Value (USD Billion), (THOUSAND UNITS) |
| Segmentation | By Type, By Application, By Region |
| By Type
 |
|
| By Application
 |
|
| By Region
 |
|
The automotive industry has experienced a tremendous expansion due factor such as rising disposable incomes, technological advancements, increasing new product innovation, and an increasing number of aftermarket and OEMs overall. Lightweight materials such as metal alloys, composites, and polymers are commonly used to manufacture various automotive parts. For example, according to a study released by the National Promotion Agency of India in 2021, the passenger car sector in India was projected to grow by 22-25% in 2022. The expanding automotive industry may result in increased demand for lightweight materials. Moreover, both developed and emerging nations such as the United States, China, and India are working to modernize their fighter jets. Various aircraft parts are made from lightweight materials such as aluminum alloys and hybrid materials. In the expected period, this could boost the market for lightweight materials.
The use of lightweight materials is constrained in many end-user sectors such as automotive, aircraft manufacturing, wind turbines and marine. This is due to factors such as sharp fluctuations in raw material costs and the high cost of carbon fiber. For example, the cost of 1kg of automotive carbon fiber reinforced plastic (CFRP) is estimated to increase by 3900% compared to standard steel and 400% compared to glass fiber reinforced plastic (GRP). These factors may limit the expansion of the lightweight materials market.
The novel COVID-19 pandemic is an incomparable global pandemic that has spread to over 180 countries and caused huge losses of live sand economies across the globe that has impacted almost all industries. Most companies have stopped their manufacturing activities and reduced them to the bare minimum. Similarly, COVID-19 pandemic negatively impacted the lightweight materials market. The automotive industry witnessed a 30% decline in sales in march 2020 as compared to March 2019. The health crisis increased the supply-demand gap, hindering the global lightweight materials supply chain.
In addition, the falling income of customers and international travel restrictions led to a contraction of demand for lightweight materials among the aerospace sector. Furthermore, COVID-19 has put a temporary break on various aircraft manufacturing projects, which, in turn, declined the demand for lightweight materials among the aerospace & aviation sectors.
Lightweight Materials Market Segment Analysis
The Lightweight Materials market is segmented based on Type, Application, and Region, Global trends and forecast.
The type segment is termed into products including composites, polymers and metals. Polymers and Composites dominated the market and the trend is likely to continue in the projected period. While the metal alloy segment dominated the global market in 2020. The demand for lightweight material products is anticipated to grow owing to its potential to reduce vehicular weight by 50% and improve fuel efficiency by around 35%.
Aluminum has been used in a variety of applications since the Hall-Heroult process was introduced to obtain high quality aluminum from alumina. The hardening properties of aluminum alloys combined with the strength that aluminum provides has increased its demand in automotive and aerospace applications. Such special properties and their use in various industries are expected to drive the market growth.
High strength steel is used primarily as a direct replacement for conventional steel in lightweight applications. Widely preferred in the automotive sector, it can reduce vehicle weight by approximately 25%. The recycling value of high strength steel will increase its demand and is expected to drive market growth over the projected period.
Magnesium is mainly used in automotive and mobile electronics applications. Magnesium recyclability explains the growth during the forecast period. Titanium is used in a wide variety of applications due to its easy accessibility and abundant availability.
Automotive, aerospace and energy are the major application areas of the lightweight materials market. Key products used in the automotive industry include aluminum, polymers and composites, and high-strength steel.
The market is primarily driven by expanding applications in the automotive and aerospace sectors. Increasing technological innovation in the aviation sector is expected to increase the market demand during the forecast period. Moreover, increasing application of lightweight materials in the energy applications segment is expected to boost market growth. The use of lightweight materials has a direct impact on many factors such as driving dynamics, agility and fuel consumption. The application of lightweight materials in the aviation sector is expected to boost the demand for lightweight materials during the forecast period. Additionally, wind energy, one of the most important renewable energy sources, uses lightweight materials to make windmills.
Other application segments for the market include transportation and defense. Titanium and magnesium are mainly used in these applications due to their special properties of reflecting electromagnetic radiation. Market demand is expected to increase due to increased research and development of new materials for defense applications.
Lightweight Materials Market Players
The Lightweight Materials market key players include Novelis Inc., PPG Industries Inc., Alcoa Corporation, Arcelor Mittal S.A., Bayer A.G., China Hongqiao Group Limited, Cytec Solvay Group, Dead Sea Magnesium Ltd, Exxon Mobil Corporation, Owens Corning Corporation, SGL Group, Teijin Limited, Toray Industries Inc., Formosa Plastic Corporation, Hexcel Corporation, LyondellBasell Industries N.V., Mitsubishi Rayon Co. Ltd.
Recent Developments
- The Alliance has grown to include six European automakers—DAIMLER, VW, TME, CRF, VOLVO, and OPEL—four suppliers, and eight knowledge partners as of 2020. This partnership was established to offset the rising expense of lightweight components in cutting-edge cars. Making energy improvements in electric cars relevant to lightweight was a creative way to deal with high expenses.
- In June 2021, Solvay announced that it has signed a five-year supply contract with Leonardo for both its Electronics and Aircraft Aerostructure businesses. Additionally, Solavy and Leonardo partnered on a number of R&D projects for the creation of process innovations and innovative materials.
Who Should Buy? Or Key Stakeholders
- Lightweight Materials Suppliers
- Raw Materials Manufacturers
- Research Organizations
- Investors
- Regulatory Authorities
Lightweight Materials Market Regional Analysis
The Lightweight Materials market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
- Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
- South America: includes Brazil, Argentina and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA
According to geographical situation, the lightweight materials market includes major regions such as North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Major Regions of the North American continent such as the United States and Canada are considered to be the largest producers and exporters of aircraft. The regional market in this region is the main driver due to the heavy consumption of raw materials in the aerospace sector.
Europe is experiencing significant growth, serving as the main driver of the regional market due to gowth in the aerospace, defense and automotive industries. Increased use of carbon fiber is another reason for the acceleration of the European market.
Asia-Pacific is growing strongly due to the growing demand for glass fiber reinforced concrete fire protection. Other prime properties are expected to boost regional market growth. Increased urbanization and lifestyle chnages associated with rising per capita disposable income are factors driving the construction industry in developing countries.
Middle East and Africa regions such as the United Arab Emirates and Saudi Arabia are showing good growth due to the use of advanced composite materials in the oil, gas and power industries.
Central and South America regions such as Brazil and Mexico are experiencing remarkable growth due to their thriving automobile production.
Key Market Segments: Lightweight Materials Market
Lightweight Materials Market By Type, 2023-2029, (USD Billion), (Kiloton)
- Composites
- Metals
- Plastics
Lightweight Materials Market By Application, 2023-2029, (USD Billion), (Kiloton)
- Automotive
- Aviation
- Marine
- Wind Energy
Lightweight Materials Market By Region, 2023-2029, (USD Billion), (Kiloton)
- North America
- Asia Pacific
- Europe
- South America
- Middle East and Africa
Important Countries in All Regions Are Covered
Key Question Answered
- What is the current size of the Lightweight Materials market?
- What are the key factors influencing the growth of Lightweight Materials?
- What are the major applications for Lightweight Materials?
- Who are the major key players in the Lightweight Materials market?
- Which region will provide more business opportunities Lightweight Materials in future?
- Which segment holds the maximum share of the Lightweight Materials market?
Table of Content
- Introduction
- Market Definition
- Market Segmentation
- Research Timelines
- Assumptions and Limitations
- Research Methodology
- Data Mining
- Secondary Research
- Primary Research
- Subject-Matter Experts’ Advice
- Quality Checks
- Final Review
- Data Triangulation
- Bottom-Up Approach
- Top-Down Approach
- Research Flow
- Data Sources
- Data Mining
- Executive Summary
- Market Overview
- Global Lightweight Materials outlook
- Market Drivers
- Market Restraints
- Market Opportunities
- Impact of Covid-19 on Lightweight Materials Market
- Porter’s five forces model
- Threat from new entrants
- Threat from substitutes
- Bargaining power of suppliers
- Bargaining power of customers
- Degree of competition
- Industry value chain Analysis
- Global Lightweight Materials outlook
- GLOBAL LIGHTWEIGHT MATERIALS MARKET BY TYPE (USD BILLION, KILOTONS), 2020-2029
- Composites
- Metals
- Plastics
- GLOBAL LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (USD BILLION, KILOTONS), 2020-2029
- Automotive
- Aviation
- Marine
- Wind Energy
- GLOBAL LIGHTWEIGHT MATERIALS MARKET BY REGION (USD BILLION, KILOTONS), 2020-2029
- North America
- US
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Colombia
- Rest Of South America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest Of Europe
- Asia Pacific
- India
- China
- Japan
- South Korea
- Australia
- South-East Asia
- Rest Of Asia Pacific
- Middle East and Africa
- UAE
- Saudi Arabia
- South Africa
- Rest Of Middle East and Africa
- North America
- Company Profiles*
(Business Overview, Company Snapshot, Products Offered, Recent Developments)
- Novelis Inc.
- PPG Industries Inc.
- Alcoa Corporation
- Arcelor Mittal S.A.
- Bayer A.G.
- China Hongqiao Group Limited
- Cytec Solvay Group
- Dead Sea Magnesium Ltd
- Exxon Mobil Corporation
- Owens Corning Corporation
- SGL Group, Teijin Limited
- Toray Industries Inc.
- Formosa Plastic Corporation
- Hexcel Corporation
- LyondellBasell Industries N.V.
- Mitsubishi Rayon Co. Ltd.
*The Company List Is Indicative
LIST OF TABLES
TABLE 1 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL LIGHTWEIGHT MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 2 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL LIGHTWEIGHT MATERIALS MARKET BY TYPE (KILOTON), 2020-2029
TABLE 3 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 4 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (KILOTON), 2020-2029
TABLE 5 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL LIGHTWEIGHT MATERIALS MARKET BY REGION (USD BILLION), 2020-2029
TABLE 6 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL LIGHTWEIGHT MATERIALS MARKET BY REGION (KILOTON), 2020-2029
TABLE 7 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA LIGHTWEIGHT MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 8 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA LIGHTWEIGHT MATERIALS MARKET BY TYPE (KILOTON), 2020-2029
TABLE 9Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 10Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (KILOTON), 2020-2029
TABLE 11Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA LIGHTWEIGHT MATERIALS MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 12Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA LIGHTWEIGHT MATERIALS MARKET BY COUNTRY (KILOTON), 2020-2029
TABLE 13Â Â Â Â Â Â Â Â Â Â Â Â Â US LIGHTWEIGHT MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 14Â Â Â Â Â Â Â Â Â Â Â Â Â US LIGHTWEIGHT MATERIALS MARKET BY TYPE (KILOTON), 2020-2029
TABLE 15Â Â Â Â Â Â Â Â Â Â Â Â Â US LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 16Â Â Â Â Â Â Â Â Â Â Â Â Â US LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (KILOTON), 2020-2029
TABLE 17Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA LIGHTWEIGHT MATERIALS MARKET BY TYPE (BILLION), 2020-2029
TABLE 18Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA LIGHTWEIGHT MATERIALS MARKET BY TYPE (KILOTON), 2020-2029
TABLE 19Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 20Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (KILOTON), 2020-2029
TABLE 21Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO LIGHTWEIGHT MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 22Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO LIGHTWEIGHT MATERIALS MARKET BY TYPE (KILOTON), 2020-2029
TABLE 23Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 24Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (KILOTON), 2020-2029
TABLE 25Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA LIGHTWEIGHT MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 26Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA LIGHTWEIGHT MATERIALS MARKET BY TYPE (KILOTON), 2020-2029
TABLE 27Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 28Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (KILOTON), 2020-2029
TABLE 29Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA LIGHTWEIGHT MATERIALS MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 30Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA LIGHTWEIGHT MATERIALS MARKET BY COUNTRY (KILOTON), 2020-2029
TABLE 31Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL LIGHTWEIGHT MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 32Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL LIGHTWEIGHT MATERIALS MARKET BY TYPE (KILOTON), 2020-2029
TABLE 33Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 34Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (KILOTON), 2020-2029
TABLE 35Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA LIGHTWEIGHT MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 36Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA LIGHTWEIGHT MATERIALS MARKET BY TYPE (KILOTON), 2020-2029
TABLE 37Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 38Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (KILOTON), 2020-2029
TABLE 39Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA LIGHTWEIGHT MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 40Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA LIGHTWEIGHT MATERIALS MARKET BY TYPE (KILOTON), 2020-2029
TABLE 41Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 42Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (KILOTON), 2020-2029
TABLE 43Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA LIGHTWEIGHT MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 44Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA LIGHTWEIGHT MATERIALS MARKET BY TYPE (KILOTON), 2020-2029
TABLE 45Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 46Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (KILOTON), 2020-2029
TABLE 47Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC LIGHTWEIGHT MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 48Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC LIGHTWEIGHT MATERIALS MARKET BY TYPE (KILOTON), 2020-2029
TABLE 49Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 50Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (KILOTON), 2020-2029
TABLE 51Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC LIGHTWEIGHT MATERIALS MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 52Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC LIGHTWEIGHT MATERIALS MARKET BY COUNTRY (KILOTON), 2020-2029
TABLE 53Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA LIGHTWEIGHT MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 54Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA LIGHTWEIGHT MATERIALS MARKET BY TYPE (KILOTON), 2020-2029
TABLE 55Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 56Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (KILOTON), 2020-2029
TABLE 57Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA LIGHTWEIGHT MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 58Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA LIGHTWEIGHT MATERIALS MARKET BY TYPE (KILOTON), 2020-2029
TABLE 59Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 60Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (KILOTON), 2020-2029
TABLE 61Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN LIGHTWEIGHT MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 62Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN LIGHTWEIGHT MATERIALS MARKET BY TYPE (KILOTON), 2020-2029
TABLE 63Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 64Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (KILOTON), 2020-2029
TABLE 65Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA LIGHTWEIGHT MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 66Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA LIGHTWEIGHT MATERIALS MARKET BY TYPE (KILOTON), 2020-2029
TABLE 67Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 68Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (KILOTON), 2020-2029
TABLE 69Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA LIGHTWEIGHT MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 70Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA LIGHTWEIGHT MATERIALS MARKET BY TYPE (KILOTON), 2020-2029
TABLE 71Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 72Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (KILOTON), 2020-2029
TABLE 73Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH EAST ASIA LIGHTWEIGHT MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 74Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH EAST ASIA LIGHTWEIGHT MATERIALS MARKET BY TYPE (KILOTON), 2020-2029
TABLE 75Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH EAST ASIA LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 76Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH EAST ASIA LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (KILOTON), 2020-2029
TABLE 77Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC LIGHTWEIGHT MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 78Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC LIGHTWEIGHT MATERIALS MARKET BY TYPE (KILOTON), 2020-2029
TABLE 79Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 80Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (KILOTON), 2020-2029
TABLE 81Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE LIGHTWEIGHT MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 82Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE LIGHTWEIGHT MATERIALS MARKET BY TYPE (KILOTON), 2020-2029
TABLE 83Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 84Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (KILOTON), 2020-2029
TABLE 85Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE LIGHTWEIGHT MATERIALS MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 86Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE LIGHTWEIGHT MATERIALS MARKET BY COUNTRY (KILOTON), 2020-2029
TABLE 87Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY LIGHTWEIGHT MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 88Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY LIGHTWEIGHT MATERIALS MARKET BY TYPE (KILOTON), 2020-2029
TABLE 89Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 90Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (KILOTON), 2020-2029
TABLE 91Â Â Â Â Â Â Â Â Â Â Â Â Â UK LIGHTWEIGHT MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 92Â Â Â Â Â Â Â Â Â Â Â Â Â UK LIGHTWEIGHT MATERIALS MARKET BY TYPE (KILOTON), 2020-2029
TABLE 93Â Â Â Â Â Â Â Â Â Â Â Â Â UK LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 94Â Â Â Â Â Â Â Â Â Â Â Â Â UK LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (KILOTON), 2020-2029
TABLE 95Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE LIGHTWEIGHT MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 96Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE LIGHTWEIGHT MATERIALS MARKET BY TYPE (KILOTON), 2020-2029
TABLE 97Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 98Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (KILOTON), 2020-2029
TABLE 99Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY LIGHTWEIGHT MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 100Â Â Â Â Â Â Â Â Â Â Â ITALY LIGHTWEIGHT MATERIALS MARKET BY TYPE (KILOTON), 2020-2029
TABLE 101Â Â Â Â Â Â Â Â Â Â Â ITALY LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 102Â Â Â Â Â Â Â Â Â Â Â ITALY LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (KILOTON), 2020-2029
TABLE 103Â Â Â Â Â Â Â Â Â Â Â SPAIN LIGHTWEIGHT MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 104Â Â Â Â Â Â Â Â Â Â Â SPAIN LIGHTWEIGHT MATERIALS MARKET BY TYPE (KILOTON), 2020-2029
TABLE 105Â Â Â Â Â Â Â Â Â Â Â SPAIN LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 106Â Â Â Â Â Â Â Â Â Â Â SPAIN LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (KILOTON), 2020-2029
TABLE 107Â Â Â Â Â Â Â Â Â Â Â RUSSIA LIGHTWEIGHT MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 108Â Â Â Â Â Â Â Â Â Â Â RUSSIA LIGHTWEIGHT MATERIALS MARKET BY TYPE (KILOTON), 2020-2029
TABLE 109Â Â Â Â Â Â Â Â Â Â Â RUSSIA LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 110Â Â Â Â Â Â Â Â Â Â Â RUSSIA LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (KILOTON), 2020-2029
TABLE 111Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE LIGHTWEIGHT MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 112Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE LIGHTWEIGHT MATERIALS MARKET BY TYPE (KILOTON), 2020-2029
TABLE 113Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 114Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (KILOTON), 2020-2029
TABLE 115Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA LIGHTWEIGHT MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 116Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA LIGHTWEIGHT MATERIALS MARKET BY TYPE (KILOTON), 2020-2029
TABLE 117Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 118Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (KILOTON), 2020-2029
TABLE 119Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA LIGHTWEIGHT MATERIALS MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 120Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA LIGHTWEIGHT MATERIALS MARKET BY COUNTRY (KILOTON), 2020-2029
TABLE 121Â Â Â Â Â Â Â Â Â Â Â UAE LIGHTWEIGHT MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 122Â Â Â Â Â Â Â Â Â Â Â UAE LIGHTWEIGHT MATERIALS MARKET BY TYPE (KILOTON), 2020-2029
TABLE 123Â Â Â Â Â Â Â Â Â Â Â UAE LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 124Â Â Â Â Â Â Â Â Â Â Â UAE LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (KILOTON), 2020-2029
TABLE 125Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA LIGHTWEIGHT MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 126Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA LIGHTWEIGHT MATERIALS MARKET BY TYPE (KILOTON), 2020-2029
TABLE 127Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 128Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (KILOTON), 2020-2029
TABLE 129Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA LIGHTWEIGHT MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 130Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA LIGHTWEIGHT MATERIALS MARKET BY TYPE (KILOTON), 2020-2029
TABLE 131Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 132Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (KILOTON), 2020-2029
TABLE 133Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA LIGHTWEIGHT MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 134Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA LIGHTWEIGHT MATERIALS MARKET BY TYPE (KILOTON), 2020-2029
TABLE 135Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 136Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA LIGHTWEIGHT MATERIALS MARKET BY APPLICATION (KILOTON), 2020-2029
LIST OF FIGURES
FIGURE 1Â Â Â Â Â Â Â Â Â Â Â Â Â MARKET DYNAMICS
FIGURE 2Â Â Â Â Â Â Â Â Â Â Â Â Â MARKET SEGMENTATION
FIGURE 3Â Â Â Â Â Â Â Â Â Â Â Â Â REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4Â Â Â Â Â Â Â Â Â Â Â Â Â DATA TRIANGULATION
FIGURE 5Â Â Â Â Â Â Â Â Â Â Â Â Â BOTTOM-UP APPROACH
FIGURE 6Â Â Â Â Â Â Â Â Â Â Â Â Â TOP-DOWN APPROACH
FIGURE 7Â Â Â Â Â Â Â Â Â Â Â Â Â RESEARCH FLOW
FIGURE 8Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL LIGHTWEIGHT MATERIALSBY TYPE, USD BILLION, 2020-2029
FIGURE 9Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL LIGHTWEIGHT MATERIALSBY APPLICATION, USD BILLION, 2020-2029
FIGURE 10Â Â Â Â Â Â Â Â Â Â GLOBAL LIGHTWEIGHT MATERIALSBY END-USER INDUSTRY, USD BILLION, 2020-2029
FIGURE 11Â Â Â Â Â Â Â Â Â Â GLOBAL LIGHTWEIGHT MATERIALSBY REGION, USD BILLION, 2020-2029
FIGURE 12          PORTER’S FIVE FORCES MODEL
FIGURE 13Â Â Â Â Â Â Â Â Â Â GLOBAL LIGHTWEIGHT MATERIALSBY TYPE, USD BILLION, 2021
FIGURE 14Â Â Â Â Â Â Â Â Â Â GLOBAL LIGHTWEIGHT MATERIALSBY APPLICATION, USD BILLION, 2021
FIGURE 15Â Â Â Â Â Â Â Â Â Â GLOBAL LIGHTWEIGHT MATERIALSBY REGION, USD BILLION, 2021
FIGURE 16Â Â Â Â Â Â Â Â Â Â LIGHTWEIGHT MATERIALS MARKET BY REGION 2021
FIGURE 17Â Â Â Â Â Â Â Â Â Â MARKET SHARE ANALYSIS
FIGURE 18Â Â Â Â Â Â Â Â Â Â NOVELIS INC.: COMPANY SNAPSHOT
FIGURE 19Â Â Â Â Â Â Â Â Â Â PPG INDUSTRIES INC.: COMPANY SNAPSHOT
FIGURE 20Â Â Â Â Â Â Â Â Â Â ALCOA CORPORATION: COMPANY SNAPSHOT
FIGURE 21Â Â Â Â Â Â Â Â Â Â ARCELOR MITTAL S.A.: COMPANY SNAPSHOT
FIGURE 22Â Â Â Â Â Â Â Â Â Â BAYER A.G.: COMPANY SNAPSHOT
FIGURE 23Â Â Â Â Â Â Â Â Â Â CHINA HONGQIAO GROUP LIMITED: COMPANY SNAPSHOT
FIGURE 24Â Â Â Â Â Â Â Â Â Â CYTEC SOLVAY GROUP: COMPANY SNAPSHOT
FIGURE 25Â Â Â Â Â Â Â Â Â Â DEAD SEA MAGNESIUM LTD: COMPANY SNAPSHOT
FIGURE 26Â Â Â Â Â Â Â Â Â Â EXXON MOBIL CORPORATION: COMPANY SNAPSHOT
FIGURE 27Â Â Â Â Â Â Â Â Â Â OWENS CORNING CORPORATION: COMPANY SNAPSHOT
FIGURE 28Â Â Â Â Â Â Â Â Â Â SGL GROUP: COMPANY SNAPSHOT
FIGURE 29Â Â Â Â Â Â Â Â Â Â TEIJIN LIMITED: COMPANY SNAPSHOT
FIGURE 30Â Â Â Â Â Â Â Â Â Â TORAY INDUSTRIES INC.: COMPANY SNAPSHOT
FIGURE 31Â Â Â Â Â Â Â Â Â Â FORMOSA PLASTIC CORPORATION: COMPANY SNAPSHOT
FIGURE 32Â Â Â Â Â Â Â Â Â Â HEXCEL CORPORATION: COMPANY SNAPSHOT
FIGURE 33Â Â Â Â Â Â Â Â Â Â LYONDELLBASELL INDUSTRIES N.V.: COMPANY SNAPSHOT
FIGURE 34Â Â Â Â Â Â Â Â Â Â MITSUBISHI RAYON CO. LTD: COMPANY SNAPSHOT
FAQ
The Lightweight Materials market size had crossed USD 148.5 billion in 2022 and will observe a CAGR of more than 6% up to 2029.
Asia-Pacific held more than 38.6% of the Lightweight Materials market revenue share in 2022 and will witness expansion in the forecast period.
Factors like rising research and development activities in the aerospace industry for lightweight materials. Favorable government regulation on fuel efficiency and vehicle emission supporting lightweight material growth.
Vehicle weight reduction is an integral part of an overall strategy to reduce fuel consumption and emissions, regardless of the vehicle’s powertrain. Replacing traditionally used steel with new, lighter alternatives is a simple strategy that manufacturers can easily implement. In addition, lightweight component designs such as Tailor Welded Blanks (TWB) can further reduce weight.
The region’s largest share is in Asia Pacific. Products manufactured in nations like China and South Korea that perform similarly and are inexpensively accessible to the general public have led to the product’s increasing appeal. The market has expanded as a result of the material’s substantial uptake in nations like China, India, and Japan.
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