Dublin, May 22, 2017 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Global Lightweight Materials Market - Analysis & Forecast 2017-2023 (Focus on Metals, Composites, Plastics, Applications in Automotive, Aerospace & Defense and Wind Energy)" report to their offering.
The Lightweight Materials Market is Estimated to Reach $242.78 Billion by 2023
The global lightweight materials market in terms of value is estimated to witness a growth at a CAGR of 7.0% between 2017 and 2023. The increasing demand and the growth rate for lightweight materials in the market is attributed to their increasing usage in end-use industries such as automotive, aerospace & defense, wind energy and others.
The report has put special emphasis on the market share and size of metals, composites and plastics, owing to their high share in the current and upcoming market of lightweight materials. The industry analysis have also been undertaken in order to examine the impact of various factors and understand the overall attractiveness of the industry.
The most often used strategy for developing a better hold on to the market has been through agreements, collaborations, contracts, and partnerships, followed by new product launches. The company profile section includes highlights of significant information about the key companies involved, along with their financial summaries and key strategies & developmental activities of recent years.
Metals dominated the lightweight materials market accounting for a market share of 60% by value in 2016. Asia Pacific generated the maximum amount of revenue in the year 2016 in the global lightweight materials market followed by North America and Europe. Additionally, APAC has the highest potential to grow in the forecast period due to the presence of emerging economies such as China and India.
Some of the key players involved in this market are
- Alcoa Corporation
- Arcelor Mittal S.A.
- Bayer A.G.
- China Hongqiao Group Limited
- Cytec Solvay Group
- Dead Sea Magnesium Ltd.
- E. I. Du Pont de Nemours and Company
- Exxon Mobil Corporation
- Formosa Plastic Corporation
- Hexcel Corporation
- LyondellBasell Industries N.V.
- Mitsubishi Rayon Co. Ltd.
- Novelis Inc.
- Owens Corning Corporation
- PPG Industries Inc.
- Rio Tinto Group
- SGL Group
- Saudi Basic Industries Corporation
- Sekisui Jushi Corporation
- Teijin Limited
- ThyssenKrupp A.G.
- Titanium Metals Corporation
- Toray Industries Inc.
- Trinseo S.A.
- U.S. Magnesium LLC
- United States Steel Corporation
- (VSMPO-AVISMA) Corporation
Key Topics Covered:
Executive Summary
1 Research Scope and Methodology
2 Market Dynamics
2.1 Introduction
2.2 Market Drivers
2.2.1 Superior Properties
2.2.2 Stringent Regulations
2.2.3 Increasing Material Innovation and Demand in the End-Use Industries
2.3 Market Restraints
2.3.1 High Cost of Lightweight Materials and Technological Advancements
2.3.2 Uncertainty in Production Tax Credit (PTC)
2.4 Market Opportunities
2.4.1 Growing Demand of Composites in New Lightweight Applications
2.4.2 Rapid Growth in Wind Energy Installations
2.4.3 Growing demand in Emerging Economies
3 Competitive Insights
3.1 Player Share Analysis
3.1.1 Product Segment Share, by Company, 2016 & 201
3.2 Opportunity Matrix Analysis
3.3 Country Share Analysis
3.4 R & D Analysis of Key Market Players
3.5 Key Strategies and Developments
4 Industry Analysis
4.1 Supply Chain Analysis
4.2 Porter's Five Forces Analysis
4.3 Future Trends and Developments in Lightweight materials Market
5 Global Lightweight Materials Market, by Type
5.1 Assumptions for Analysis and Forecast of the Global Lightweight Materials Market
5.2 Introduction
5.2.1 Metals
5.2.2 Composites
5.2.3 Plastics
6 Global Lightweight Materials Market, by End-Use Industry
6.1.1 Automotive
6.1.1.1 Powertrain
6.1.1.2 Structural
6.1.1.3 Interior
6.1.1.4 Exterior
6.1.2 Aerospace & Defense
6.1.3 Wind Energy
6.1.4 Others
7 Global Lightweight Materials Market, by Region
8 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/fczb5x/global