Increasing Air Travel Benefits Lightweight Materials Market due to Demand in Aircraft Manufacture

FIFA World Cup 2018 to Create Growth Opportunities for Portland Cement Market

The lead author of this report states that growing importance of Portland cement in construction applications will push the growth of the market worldwide, and especially in Asia Pacific. The extensive use of Portland cement for residential and commercial infrastructure development is driving the market globally. Of late, China, Russia, Brazil, South Africa, and India have contributed significantly to the growth of the Portland cement market. The high demand for grouts and mortars, which are used for the manufacturing of screeds, plasters, road beds, and foundations, will propel the demand for Portland cement in the years to come.

In addition to these factors, the hosting of FIFA World Cup by Russia in 2018 is behind a heightened demand for Portland cement. This is because the hosting of World Cup will require a huge infrastructure, with top class stadiums, and other facilities. Therefore, the Russian government has allocated over US$16 bn for the development of spectacular stadium. Such events are expected to create growth opportunities for Portland cement in the market.

Health Hazards Caused by Portland Cement to Impact Demand

“On the other hand, the environmental damage caused by the use of Portland cement will threaten the demand for this cement as the world becomes more aware and concerned about environmental conservation and green movement,” says TMR. In addition to this, another factor challenging the growth of the market is the fact that large amounts of energy are used for the transport, manufacturing, or mining of the Portland cement. This results in air pollution, and will be an obstacle for the global Portland cement market. Extensive exposure to Portland cement can cause severe damage to humans, causing health disorders such as lung cancer and chemical burns.

This information is based on the findings of a report published by Transparency Market Research, titled, “Portland Cement Market (Application - Residential, Commercial, and Infrastructure) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020.”

The report states that the market for lightweight materials receives major demand from the transportation sector. The use of lightweight materials such as aluminum, titanium, and composites in aircraft helps in revenue generation, due to the increased payload capacity and enhanced energy efficiency of the aircraft.Increasing environmental concerns across the globe associated with carbon emissions from vehicles are driving the demand for lightweight materials in the automobile and aviation sectors. However, the high cost of lightweight materials over conventional materials such as steel will be a deterrent to the growth of the global lightweight materials market during the forecast period.

The global market for lightweight materials is divided on the basis of product, application, and region. Aluminum, high strength steel, polymer and composites, titanium, magnesium, and others are the key product segments of the market. Out of these, aluminum is one of the major lightweight materials and held 30.4% of the global market for lightweight materials in 2013. This product segment is expected to witness substantial growth during the forecast period.

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The composites product segment, which comprises glass fiber reinforced plastics, metal matrix composites, ceramic composites, carbon fiber reinforced plastics, and other hybrid materials, will exhibit an increase in its market share over the forecast period, due to their functional benefits in comparison with other lightweight materials. However, the high cost of composites will hamper the share of the segment to some extent. Titanium, another important lightweight material, will witness significant demand during the forecast period, predominantly from the aviation industry. 

On the basis of application, transportation is registered as the largest application segment and accounted for more than 85% of the overall market in 2013. Aircraft, railways, and automobiles are the primary transportation modes that utilize lightweight materials in the manufacture of vehicles. This helps in enhancing payloads, reducing carbon emissions, and improving the fuel efficiency of the vehicles.Defense and energy are also important application segments of the lightweight materials market. Lightweight materials are extensively used in the defense sector for the manufacture of body armor, vehicles, and other applications. Another application of lightweight materials is in wind energy systems, especially in rotor blades. Wind energy systems are expected to be the fastest growing application segment of the lightweight materials market, expected to expand at a CAGR of 5.80% from 2014 to 2020 in terms of volume.Among the regional segments, Asia Pacific dominated the lightweight materials market, accounting for more than 40% of the overall market in 2013.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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This release was published on openPR.