Increasing Air Travel Benefits Lightweight Materials Market Due to Demand in Aircraft Manufacture.Pdf

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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Increasing Air Travel Benefits Lightweight Materials Market due to Demand in

Aircraft Manufacture:TMR

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Lightweight Materials Market

REPORT DESCRIPTION

Lightweight Materials Market (Aluminum, Titanium, High Strength

Steel, Magnesium, Polymer & Composites and Others) for Defense,

Energy, Transportation and Other Applications - Global Industry

Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020

Transparency Market Research (TMR) has released a market study detailing the global lightweight

materials market from 2014 to 2020. The report is titled “Lightweight Materials Market - Global Industry

Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020” and states that the market for lightweight

materials will reach a valuation of US$186.3 bn by 2020, increasing from US$126.3 bn in 2013 at a

modest CAGR of 5.80% from 2014 to 2020. By volume, the said market amounted to 54,340.3 mn kg in

2013.

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...