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Lightweight Materials Market by Type (Composites, Metals, Plastics), Application (Automotive, Aviation, Marine, Wind Energy) - Global Trends & Forecast to 2019
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MarketsandMarkets Presents • Lightweight Materials Market • Global Trends & Forecast to 2019 http://www.marketsandmarkets.com/Market-Reports/lightweight-material-market-144806797.html
The global lightweight materials market is estimated to grow at a CAGR of 8.5% from 2014 to 2019 and reach a value of $133.1 billion. The demand is increasing and will continue to increase due to the strengthening of standards of CAFE regulations in the U.S. and the European Union regulations on CO2 emissions for vehicles in the recent past. • The lightweight materials find application in the automotive, aviation, marine, and wind energy. The global lightweight materials market by application type has recorded significant growth in the past few years, and this growth is estimated to persist in the coming years due to the emission reduction regulations. The demand for these materials are the highest from the automotive industry, which accounted for over 89% of the total market in terms of volume in 2013. http://www.marketsandmarkets.com/Market-Reports/lightweight-material-market-144806797.html
http://www.marketsandmarkets.com/Market-Reports/lightweight-material-market-144806797.htmlhttp://www.marketsandmarkets.com/Market-Reports/lightweight-material-market-144806797.html • The global lightweight materials market is growing at a significant rate, driven by the stringent regulations in North America and Europe. The market value will grow from an estimated $88.5 billion in 2014 to $133.1 billion by 2019, at a CAGR of 8.5% for the projected period. The market has been segmented into three categories based on the type of material, namely, composites, metals, and plastics. http://www.marketsandmarkets.com/Market-Reports/lightweight-material-market-144806797.html
North American and Asia-Pacific regions dominated the lightweight materials market in 2013. They are the largest consumers of lightweight materials, together accounting for about 71% share of the total market in terms of volume and about 70% in terms of value in 2013. The growing automotive and aviation industries have led to an enhanced demand from these regions for lightweight materials. The Chinese market is the largest market for lightweight materials, comprising more than 52% the total Asia-Pacific market by volume in 2013. The market in China for lightweight materials is estimated to grow at a high rate in the next five years. http://www.marketsandmarkets.com/Market-Reports/lightweight-material-market-144806797.html
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