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Rising awareness about fuel emissions has led to automobile manufacturers turning to products that can reduce the weight of vehicles. This is anticipated to drive the global market.
The market is driven by increasing demand for vehicles in North America. Growth in this region is driven by countries such as U.S. and Canada, primarily owing to strong presence of major auto manufacturers. Presence of renewable energy equipment manufacturers in this region also is anticipated to drive the regional market.
Market Analysis and Insights: Global Lightweight Materials Market
The global Lightweight Materials market was valued at US$ 122670 in 2020 and will reach US$ 162520 million by the end of 2027, growing at a CAGR of 4.8% during 2022-2027.
Global Lightweight Materials Scope and Market Size
The global Lightweight Materials market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Lightweight Materials market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
Segment by Type
Aluminum
High Strength Steel
Titanium
Magnesium
Polymers and Composites
Others
Segment by Application
Automotive
Aviation
Energy
Others
The Lightweight Materials market is analysed and market size information is provided by regions (countries). Segment by Application, the Lightweight Materials market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
By Company
SABIC
Formosa Plastics
Alcoa
Allegheny Technology Incorporated
Aleris International
Covestro
3M
Advanced Magnesium Alloys
Akzo Nobel
BASF
Bayer Material Science
Celanese
Cytec Industries
DowDuPont
Dwa Aluminum Composites
Exatec
Fmw Composite Systems
Freightcar America
The market is driven by increasing demand for vehicles in North America. Growth in this region is driven by countries such as U.S. and Canada, primarily owing to strong presence of major auto manufacturers. Presence of renewable energy equipment manufacturers in this region also is anticipated to drive the regional market.
Market Analysis and Insights: Global Lightweight Materials Market
The global Lightweight Materials market was valued at US$ 122670 in 2020 and will reach US$ 162520 million by the end of 2027, growing at a CAGR of 4.8% during 2022-2027.
Global Lightweight Materials Scope and Market Size
The global Lightweight Materials market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Lightweight Materials market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
Segment by Type
Aluminum
High Strength Steel
Titanium
Magnesium
Polymers and Composites
Others
Segment by Application
Automotive
Aviation
Energy
Others
The Lightweight Materials market is analysed and market size information is provided by regions (countries). Segment by Application, the Lightweight Materials market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
By Company
SABIC
Formosa Plastics
Alcoa
Allegheny Technology Incorporated
Aleris International
Covestro
3M
Advanced Magnesium Alloys
Akzo Nobel
BASF
Bayer Material Science
Celanese
Cytec Industries
DowDuPont
Dwa Aluminum Composites
Exatec
Fmw Composite Systems
Freightcar America
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
