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Lightweight Materials Market worth $133.1 Billion by 2019

(Entertainment-NewsWire.com, April 15, 2017 ) The report “Lightweight Materials Market by Type (Composites, Metals, Plastics), Application (Automotive, Aviation, Marine, Wind Energy) - Global Trends & Forecast to 2019” defines and segments the global lightweight materials market with analysis and forecasting in terms of volume and value. The lightweight materials 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.



Browse 123 market data tables and 55 figures spread through 250 pages and in-depth TOC on “Lightweight Materials Market by Type (Composites, Metals, Plastics), Application (Automotive, Aviation, Marine, Wind Energy) - Global Trends & Forecast to 2019”



http://www.marketsandmarkets.com/Market-Reports/lightweight-market-144806797.html

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North American and Asia-Pacific regions dominated the lightweight materials market in 2013. They are the largest consumers of lightweight materials, together accounting for about 71% share of the total market in terms of volume and about 70% in terms of value in 2013. The growing automotive and aviation industries have led to an enhanced demand from these regions for lightweight materials. The Chinese market is the largest market for lightweight materials, comprising more than 52% the total Asia-Pacific market by volume in 2013. The market in China for lightweight materials is estimated to grow at a high rate in the next five years.



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The automotive industry has a high share in the lightweight materials market. The lightweight materials market in automotive industry is in the growth stage and is estimated to grow exponentially. The adoption of light metals and composite materials to reduce weight of vehicles is the current trend in the industry boosting the overall demand for lightweight materials for automotive utilization. The need to enhance fuel efficiency of vehicles has led to replacement of traditional materials with lightweight materials.



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.



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The top companies in the lightweight materials market include ArcelorMittal S.A. (Luxembourg), Alcoa Inc. (U.S.), Saudi Basic Industries Corporation (Saudi Arabia), PPG Industries, Inc. (U.S.), and Toray Industries, Inc. (Japan) among others. The lightweight materials industry has witnessed high expansion and new product launches in the recent past.



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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.



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