The global lightweight materials market is expected to grow at a CAGR of 8.5% from 2014 to 2019 and will reach a value of $133.1 billion.
(PRWEB) August 30, 2014
The global lightweight materials market is expected to grow at a CAGR of 8.5% from 2014 to 2019 and will reach a value of $133.1 billion. The lightweight materials market has been segmented by type into composites, metals, and plastics, which have been further sub segmented. The market for lightweight metals is growing at a high rate followed by the plastics market. The demand has increased from vehicle manufacturers for lighter metals such as high strength steel and aluminum to substitute conventional materials without compromising the quality of the vehicles.
The report analyzes the global lightweight materials market trends and forecasts till 2019. The market size estimations have been provided in terms of market volume (KT) and value ($million). The report also identifies major manufacturers of lightweight materials and provides analysis for each player in terms of company overview, financials, products and services offered and recent developments. Complete report is available at http://www.rnrmarketresearch.com/lightweight-materials-market-by-type-composites-metals-plastics-application-automotive-aviation-marine-wind-energy-global-trends-forecast-to-2019-market-report.html.
The lightweight materials market is expected to grow exponentially in the next five years. Different governments across the world have been strenghtenig regulations for reduction of vehicular pollution. Light weighting of vehicles enhances fuel efficiency. Hence, the lightweight materials market is set to witness high growth.
The leading players of this industry include Arcelor Mittal SA, Alcoa Inc, Saudi Basic Industries Corporation (SABIC), PPG Industries Inc, Toray Industries Inc, Dead Sea Magnesium Ltd, Hexcel Corporation, Novelis Inc, Owens Corning, Styron LLC, Thyssen Krupp AG, Titanium Metals Corporation, U.S. Magnesium LLC and VSMPO-AVISMA Corporation Order a copy of this report at http://www.rnrmarketresearch.com/contacts/purchase?rname=208198.
The high cost of certain lightweight materials such as of carbon fiber reinforced plasctic acts as a constraint for its increased utilization for replacement of other materials. In spite of the cost, the market for composites is expected to grow at a CAGR of 6.6% in terms of volume by 2019. The demand is driven due to the high strength and rigidity of this material that helps to ensure higher or same level of safety as provided by conventional consumed materials for manufacturing of vehicles and air planes.
The aviation industry has the second-largest share in the market. The aviation industry has been moving to lightweight materials as well. The stringent emission regulations have contributed to the growth of the market. Priced at US $4650 for a single user PDF, a discount on this research report can be requested at http://www.rnrmarketresearch.com/contacts/discount?rname=208198.
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