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Published: Apr, 2018 | Pages:
96 | Publisher: Grand View Research
Industry: Materials | Report Format: Electronic (PDF)
The global lightweight materials market is projected to reach USD 225.35 billion by 2024, according to a new report by Grand View Research, Inc. Positive automotive outlook coupled with increased number of wind project installations is expected to boost demand for these materials. Lightweight materials are gaining popularity in various applications instead of iron and steel on account of improved performance. The fuel efficiency advantage facilitates use in application segments including automotive and aviation. The reduction in CO2 emissions on account of enhanced fuel efficiency in passenger vehicles will augment the demand for these materials. U.S and China contribute to the majority of the product demand owing to the presence of a large number of automotive and aviation component manufacturers. Rising innovation in the aviation sector and an increasing number of wind project installations globally is expected to have a positive impact on demand. Further key findings from the report suggest Automotive application segment was the largest consumer of the product in 2015 on account of increasing demand for vehicles with enhanced fuel efficiency. The consumption of lightweight materials in the automotive application was over 27 million tons in 2015 and is expected to grow at a CAGR of 8% from 2016 to 2024. High strength steel is expected to be the fastest growing product segment on account of enhanced lightweight advantage when combined with aluminum for manufacturing of vehicle body. The demand for high strength steel was over USD 8; billion in 2015 and is expected to grow at a CAGR of 10% from 2016 to 2024. Asia Pacific was worth USD 42 billion in 2015 and is likely to witness significant growth owing to rising wind energy installations. Countries such as Japan and India are expected to add over 10 GW of wind energy resulting in the increased application of lightweight materials. Companies are focusing on increasing their market share within the industry through various strategic initiatives such as mergers and acquisitions. In December 2015, Solvay acquired Cytec Industries aiming to enter the lightweight materials market with a broad product portfolio. In March 2015, Alcoa acquired RTI International Metals to expand its offerings in titanium and other advanced manufacturing & material technologies.
Table of Contents
Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumptions 1.3. List of Data Sources Chapter 2. Executive Summary 2.1. Lightweight Materials Market- Industry Summary And Key Buying Criteria, 2013 - 2024 Chapter 3. Lightweight Materials Industry Outlook 3.1. Lightweight materials market segmentation 3.2. Lightweight materials market size and growth prospects, 2013 - 2024 3.3. Lightweight materials market - Value chain analysis 3.4. Raw material outlook 3.5. Technology overview 3.6. Regulatory framework 3.7. Lightweight materials market dynamics 3.7.1. Market driver analysis 3.7.1.1. Stringent regulation on vehicular emission and efficiency 3.7.1.2. Rising material innovation in aviation industry 3.7.1.3. Rapid growth in wind project installations 3.7.2. Market restraint analysis 3.7.2.1. High cost of lightweight materials 3.7.2.2. Safety and technological constraints 3.8. Industry analysis - Porter's 3.9. Lightweight materials market PESTEL analysis, 2015 Chapter 4. Lightweight Materials Product Outlook 4.1. Global lightweight materials market share, by product, 2015 & 2024 4.2. Aluminum 4.2.1. Market estimates and forecast, 2013 - 2024 4.3. High Strength Steel 4.3.1. Market estimates and forecast, 2013 - 2024 4.4. Titanium 4.4.1. Market estimates and forecast, 2013 - 2024 4.5. Magnesium 4.5.1. Market estimates and forecast, 2013 - 2024 4.6. Polymers & Composites 4.6.1. Market estimates and forecast, 2013 - 2024 4.7. Others 4.7.1. Market estimates and forecast, 2013 - 2024 Chapter 5. Lightweight Materials Application Outlook 5.1. Global lightweight materials market share, by application, 2015 & 2024 5.2. Automotive 5.2.1. Market estimates and forecast, 2013 - 2024 5.3. Aviation 5.3.1. Market estimates and forecast, 2013 - 2024 5.4. Energy 5.4.1. Market estimates and forecast, 2013 - 2024 5.5. Others 5.5.1. Market estimates and forecast, 2013 - 2024 Chapter 6. Lightweight Materials Regional Outlook 6.1. Global lightweight materials market share, by region, 2015 & 2024 6.2. North America 6.2.1. Market estimates and forecast, 2013 - 2024 6.2.2. Market estimates and forecast, by product, 2013 - 2024 6.2.3. Market estimates and forecast by application, 2013 - 2024 6.2.4. U.S. 6.2.4.1. Market estimates and forecast, 2013 - 2024 6.2.4.2. Market estimates and forecasts, by product, 2013 - 2024 6.2.4.3. Market estimates and forecast, by application, 2013 - 2024 6.3. Europe 6.3.1. Market estimates and forecast, 2013 - 2024 6.3.2. Market estimates and forecasts, by product, 2013 - 2024 6.3.3. Market estimates and forecast, by application, 2013 - 2024 6.3.4. Germany 6.3.4.1. Market estimates and forecast, 2013 - 2024 6.3.4.2. Market estimates and forecasts, by product, 6.3.4.3. Market estimates and forecast, by application, 2013 - 2024 6.4. Asia Pacific 6.4.1. Market estimates and forecast, 2013 - 2024 6.4.2. Market estimates and forecast, by product, 2013 - 2024 6.4.3. Market estimates and forecast, by application, 2013 - 2024 6.4.4. China 6.4.4.1. Market estimates and forecast, 2013 - 2024 6.4.4.2. Market estimates and forecast, by product, 2013 - 2024 6.4.4.3. Market estimates and forecast, by application, 2013 - 2024 6.5. Latin America 6.5.1. Market estimates and forecast, 2013 - 2024 6.5.2. Market estimates and forecast by product, 2013 - 2024 6.5.3. Market estimates and forecast, by application, 2013 - 2024 6.5.4. Brazil 6.5.4.1. Market estimates and forecast, 2013 - 2024 6.5.4.2. Market estimates and forecast, by product, 2013 - 2024 6.5.4.3. Market estimates and forecast, by application, 2013 - 2024 6.6. Middle East& Africa 6.6.1. Market estimates and forecast, 2013 - 2024 6.6.2. Market estimates and forecast by product, 2013 - 2024 6.6.3. Market estimates and forecast, by application, 2013 - 2024 Chapter 7. Competitive Landscape 7.1. SABIC 7.1.1. Vendor Landscape 7.1.2. Competitive Environment 7.1.3. Company Market Positioning 7.1.4. Strategy Framework 7.2. Cytec Solvay Group 7.2.1. Vendor Landscape 7.2.2. Competitive Environment 7.2.3. Company Market Positioning 7.2.4. Strategy Framework 7.3. Aleris International 7.3.1. Vendor Landscape 7.3.2. Competitive Environment 7.3.3. Company Market Positioning 7.3.4. Strategy Framework 7.4. Formosa Plastics Group 7.4.1. Vendor Landscape 7.4.2. Competitive Environment 7.4.3. Company Market Positioning 7.4.4. Strategy Framework 7.5. Alcoa Inc. 7.5.1. Vendor Landscape 7.5.2. Competitive Environment 7.5.3. Company Market Positioning 7.5.4. Strategy Framework 7.6. PPG Industries Inc. 7.6.1. Vendor Landscape 7.6.2. Competitive Environment 7.6.3. Company Market Positioning 7.6.4. Strategy Framework 7.7. Toray Industries Inc. 7.7.1. Vendor Landscape 7.7.2. Competitive Environment 7.7.3. Company Market Positioning 7.7.4. Strategy Framework 7.8. Precision Castparts Corp. 7.8.1. Vendor Landscape 7.8.2. Competitive Environment 7.8.3. Company Market Positioning 7.8.4. Strategy Framework 7.9. Allegheny Technologies Incorporated 7.9.1. Vendor Landscape 7.9.2. Competitive Environment 7.9.3. Company Market Positioning 7.9.4. Strategy Framework 7.10. Evonik Industries 7.10.1. Vendor Landscape 7.10.2. Competitive Environment 7.10.3. Company Market Positioning 7.10.4. Strategy Framework 7.11. Novelis Inc. 7.11.1. Vendor Landscape 7.11.2. Competitive Environment 7.11.3. Company Market Positioning 7.11.4. Strategy Framework 7.12. Bayer AG 7.12.1. Vendor Landscape 7.12.2. Competitive Environment 7.12.3. Company Market Positioning 7.12.4. Strategy Framework
List of Tables
TABLE 1 North America lightweight materials market, by product, 2013 - 2024 (Kilo Tons) TABLE 2 North America lightweight materials market, by product, 2013 - 2024 (USD Million) TABLE 3 North America lightweight materials market, by application, 2013 - 2024 (Kilo Tons) TABLE 4 North America lightweight materials market, by application, 2013 - 2024 (USD Million) TABLE 5 U.S. lightweight materials market, by product, 2013 - 2024 (Kilo Tons) TABLE 6 U.S. lightweight materials market, by product, 2013 - 2024 (USD Million) TABLE 7 U.S. lightweight materials market, by application, 2013 - 2024 (Kilo Tons) TABLE 8 U.S. lightweight materials market, by application, 2013 - 2024 (USD Million) TABLE 9 Europe lightweight materials market, by product, 2013 - 2024 (Kilo Tons) TABLE 10 Europe lightweight materials market, by product, 2013 - 2024 (USD Million) TABLE 11 Europe lightweight materials market, by application, 2013 - 2024 (Kilo Tons) TABLE 12 Europe lightweight materials market, by application, 2013 - 2024 (USD Million) TABLE 13 Germany lightweight materials market, by product, 2013 - 2024 (Kilo Tons) TABLE 14 Germany lightweight materials market, by product, 2013 - 2024 (USD Million) TABLE 15 Germany lightweight materials market, by application, 2013 - 2024 (Kilo Tons) TABLE 16 Germany lightweight materials market, by application, 2013 - 2024 (USD Million) TABLE 17 Asia Pacific lightweight materials market, by product, 2013 - 2024 (Kilo Tons) TABLE 18 Asia Pacific lightweight materials market, by product, 2013 - 2024 (USD Million) TABLE 19 Asia Pacific lightweight materials market, by application, 2013 - 2024 (Kilo Tons) TABLE 20 Asia Pacific lightweight materials market, by application, 2013 - 2024 (USD Million) TABLE 21 China lightweight materials market, by product, 2013 - 2024 (Kilo Tons) TABLE 22 China lightweight materials market, by product, 2013 - 2024 (USD Million) TABLE 23 China lightweight materials market, by application, 2013 - 2024 (Kilo Tons) TABLE 24 China lightweight materials market, by application, 2013 - 2024 (USD Million) TABLE 25 Latin America lightweight materials market, by product, 2013 - 2024 (Kilo Tons) TABLE 26 Latin America lightweight materials market, by product, 2013 - 2024 (USD Million) TABLE 27 Latin America lightweight materials market, by application, 2013 - 2024 (Kilo Tons) TABLE 28 Latin America lightweight materials market, by application, 2013 - 2024 (USD Million) TABLE 29 Brazil lightweight materials market, by product, 2013 - 2024 (Kilo Tons) TABLE 30 Brazil lightweight materials market, by product, 2013 - 2024 (USD Million) TABLE 31 Brazil lightweight materials market, by application, 2013 - 2024 (Kilo Tons) TABLE 32 Brazil lightweight materials market, by application, 2013 - 2024 (USD Million) TABLE 33 MEA lightweight materials market, by product, 2013 - 2024 (Kilo Tons) TABLE 34 MEA lightweight materials market, by product, 2013 - 2024 (USD Million) TABLE 35 MEA lightweight materials market, by application, 2013 - 2024 (Kilo Tons) TABLE 36 MEA lightweight materials market, by application, 2013 - 2024 (USD Million)
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