[250 Pages Report] The global lightweight materials market is estimated to grow at a CAGR of 8.5% from 2014 to 2019 and reach a value of $133.1 billion. The demand is increasing and will continue to increase due to the strengthening of standards of CAFE regulations in the U.S. and the European Union regulations on CO2 emissions for vehicles in the recent past.

The lightweight materials find application in the automotive, aviation, marine, and wind energy. The global lightweight materials market by application type has recorded significant growth in the past few years, and this growth is estimated to persist in the coming years due to the emission reduction regulations. The demand for these materials are the highest from the automotive industry, which accounted for over 89% of the total market in terms of volume in 2013. The high consumption of lightweight materials by this industry drives the market of these materials. The demand from the aviation industry comes in second with a share more than 5% of the total market demand in terms of volume in 2103.

This report aims to estimate the global market for 2014 and to project the expected demand of the same by 2019. This market research study provides a detailed qualitative and quantitative analysis of the global market. The research methodology of the report involved the utilization of various secondary sources such as encyclopedia, directories, and databases to identify and collect information useful for this extensive commercial study of the market. The primary sources�experts from related industries and suppliers�were interviewed to obtain and verify critical information as well as to assess the future prospects of the lightweight materials market.

Competitive developments of top players in the market have been discussed in detail. The leading players of the industries are ArcelorMittal S.A. (Luxembourg), Alcoa Inc. (U.S.), Saudi Basic Industries Corporation (Saudi Arabia), PPG Industries, Inc. (U.S.), Toray Industries, Inc. (Japan), and others have been profiled with their recent developments and other strategic industry activities.

Scope of the Report

The global lightweight materials market is analyzed in terms of volume (KT) and value ($million) by these aforementioned classifications.

By Type

Composites Carbon Fiber Reinforced Plastic Glass Fiber Reinforced Plastic

Metals Aluminum High Strength Steel Magnesium Titanium

Plastics Polycarbonate Polypropylene



By Application

Automotive

Aviation

Marine

Wind Energy

By Geography

Asia-Pacific

Europe

North America

Rest of the World

The global lightweight materials market is growing at a significant rate, driven by the stringent regulations in North America and Europe. The market value will grow from an estimated $88.5 billion in 2014 to $133.1 billion by 2019, at a CAGR of 8.5% for the projected period. The market has been segmented into three categories based on the type of material, namely, composites, metals, and plastics.

Lightweight materials have uses in different industries. The report covers application in the automotive, aviation, marine, and wind energy industries. The regulations have fueled the increased demand from the automotive industry for materials for lightweighting. The demand from the other industries are also seeing an increase based on the need for enhancing efficiency and reducing costs. The wind energy industry has seen an increased utilization of composites in the recent past for superior aerodynamics. The use of composites accounted for about 20% of the total lightweight materials market in terms of value.

The market in Asia-Pacific, Europe, North America, and Rest of the World has been studied in detail. Since the major portion of lightweight materials are used in the automotive and aviation industry, the market for these materials in North American and Asia-Pacific dominated the total market consumption. Together, they accounted for over 71% of the total market in 2013. The high growth may be attributed to stringent regulations and high production of aircrafts and vehicles in these regions. The Asia-Pacific region is expected to record above the average growth in the projected period due to high demand.

The report covers the lightweight materials market by key regions and major countries in each region. It also provides a detailed segmentation of the market on the basis of material type and by application, along with projections till 2019.