Lightweight Materials Market for Defense, Energy, Transportation
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The global lightweight materials industry has been experiencing strong growth from various end-use industries, especially from the transportation sector. The transportation sector includes aviation, automobile and railways. Other key end-use industries include medical, energy, defense, consumer goods, building & construction and electronics. However, this study on lightweight materials focuses on key industries such as defense, energy, transportation and medical. Structural advantages of different lightweight materials coupled with expected price reduction of composites in the future is estimated to drive global demand for lightweight materials. However, high cost of lightweight materials is the only significant barrier for demand for these products.
The study analyzes the lightweight materials industry, and estimates and forecasts the global market in terms of volume (Kilo tons) and revenue (USD Billion). The lightweight materials report segments the market based on product types, applications and key regions. Key products included in the report are aluminum, high strength steel, magnesium, titanium, and polymer and composites. Polymer and composites segment includes polyamides, polypropylene, polystyrene and glass reinforced plastic composites. Key applications included in the study are defense, energy, transportation and medical. The transportation application segment includes demand from automobile, trucks, other vehicles, commercial and civilian aircraft, and railways. The report analyzes attractiveness of each application of lightweight materials with the help of the market attractiveness tool.
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The report segments the lightweight materials market into key regions such as North America, Europe, Asia Pacific and Rest of the World. Rest of the World includes Latin America, the Middle East and Africa. The report analyzes each product and application segment for each regional market. The study on lightweight materials provides market estimates and forecast for each segment in terms of volume (Kilo tons) and revenue (USD billion).
Industry analysis of the report provides a comprehensive view of each player in the value chain of the lightweight materials market. It also provides key driving and restraining factors in the lightweight materials market, with impact analysis of each factor. The industry analysis also throws light on opportunities for the market in the near future. Additionally, the lightweight materials report analyzes the global competition in the market with the help of Porter’s five forces analysis model.
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Secondary research sources that are typically referred to include company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings. Secondary sources referred for lightweight materials study include, but are not limited to ICIS, the Steel Manufacturers Association, the International Aluminum Institute, the Lightweight Materials Technology Council (LMTC), the American Composites Manufacturers Association (ACMA), European Composites Industry Associations, the American Lightweight Materials Manufacturing Innovation Institute (ALMMII) and the European Union. Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies.
The lightweight materials report comprises profiles of key players such as Alcoa Inc., Aleris International Inc., ATI, TIMET, Huntsman Corporation, Caparo, Exxon Mobil, DuPont, Evonik Industries, Cytec Industries Inc. and Formosa Plastics. Company profiles include parameters such as company overview, product portfolio, financial overview, business strategies, SWOT analysis and recent developments. The study also provides market share of some of the companies in the lightweight materials market. Market share of companies has been derived based on revenue generated for lightweight materials products.
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