What makes a lightweight Metals Industry Worthy of Investment in 2019 | DuPont, Solvay, Exxon Mobil Corporation., SABIC, Bayer, TORAY INDUSTRIES

The comprehensive market information and data reported by lightweight metals will certainly promote business development and increase return on investment (ROI). The lightweight metals market research report can benefit the chemical and materials industry, which clearly focuses on the market and the competitive landscape and helps make better decisions. In addition, data and information come from reliable sources, including websites, company annual reports, journals and mergers, which are reviewed and validated by market experts. The information and data provided in the lightweight metals report is very important to the chemical and materials industry, and it can dominate the market or emerge in the market.

Global lightweight metals market is set to witness a substantial CAGR of 8.75% in the forecast period of 2019- 2026. The report contains the data of the base year 2018 and historic year 2017. Increasing usage of lightweight metals in various applications is the major factor for the growth of this market.

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Light metals are those metals which usually have low density and high strength. These light metals have very low- toxicity as compared to the heavy metals. Aluminium, titanium, beryllium and magnesium are some of the common type of the lightweight metals. These light metals are widely used in the industries like aerospace, chemical process, medical and marine. They usually improve p product shape, conductivity, ductility, malleability, yield strength, and melting point.
Few of the major competitors currently working in global lightweight metals market are DuPont, Solvay, Exxon Mobil Corporation., SABIC, Bayer AG, TORAY INDUSTRIES, INC., Novelis, ArcelorMittal, PPG Industries, Inc., Alcoa Corporation., VSMPO-AVISMA Corporation., U.S. Magnesium LLC, Precision Castparts Corp, Trinseo, Owens Corning, Hexcel Corporation,, Thermo Fisher Scientific., 3T Additive Manufacturing Ltd, Henkel Adhesives Technologies India Private Limited, Owens Corning among others.

Market Drivers:

• Growth of the aerospace industry acts as a driver for this market growth
• Increasing prevalence of electric vehicles is another factor driving the market growth
• Increasing material innovation in aviation industries will also augment the growth of this market
• Growing wind project installation will also propel the market growth

Market Restraints:

• High price of the lightweight metals is restraining the growth of this market
• Rising safety concern among population is also restricting the growth of this market
• Increasing technological constraints can also hinder the market growth

Key Developments in the Market:

• In April 2016, Alcao announced the launch of their new lightweight alloys SupraCast, EZCast, VersaCast and EverCast. They are specially designed for the automakers and suppliers so that they can provide them with strong and provide them with better thermal performance. The main aim of the launch is to meet the need and requirement of the people and provide them alloy which has less weight and has better performance

• In March 2015, Alcoa announced that they are going to acquire RTI International Metals, Inc. so that they can expand their business in the aerospace industry. This acquisition will help the company to combine their science and process technology so that they can provide better titanium solutions to their customers

Segmentation: Global Lightweight Metals Market

By Type (Composite, Metals, Plastics),

Applications (Aerospace, Marine, Chemical Process, Medical),

Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

Competitive Analysis:

Global lightweight metals market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of lightweight metals market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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