Lightweight Materials Market Industry Analysis 2014 - 2020

Transparency Market Research

Lightweight Materials Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020

Published Date 24-July-2014

100 Page Report

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Press Release Global Lightweight Materials Market is Expected to Reach USD 186.35 Billion by 2020: Transparency Market Research

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Lightweight Materials Market

REPORT DESCRIPTION

Lightweight Materials Market for Defense, Energy, Transportation and Other Applications Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020 Transparency Market Research has released a new market report titled "Lightweight Materials (Aluminum, Titanium, High Strength Steel, Magnesium, Polymer & Composites and Others) Market for Defense, Energy, Transportation and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020". According to the report, the global lightweight materials market was valued at USD 126.30 billion in 2013 and is anticipated to reach USD 186.35 billion by 2020, expanding at a CAGR of 5.8% from 2014 to 2020. In terms of volume, the global lightweight materials market stood at 54,340.3 kilo tons in 2013. Increasing environmental concerns and regulations to reduce CO2 emission from vehicles are anticipated to drive the global lightweight materials market, especially in the transportation sector. Additionally, reduction of weight of vehicles enhances their fuel efficiency. This drives demand for lightweight materials in automobile and aviation sectors. Lightweight materials are used in various applications. For instance, they are used in aircraft structures for supporting high payload capacity and enhancing energy efficiency. Aluminum, titanium and composites are key lightweight materials used in aircraft....