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
Some of the key players in the global lightweight materials market include Cytec Industries , ExxonMobil , DuPont , Evonik Industries , Aleris International Inc , Bayer AG , Titanium Metals Corporation ( TIMET ) and Allegheny Technologies Incorporated ( ATI ). Value chain of the lightweight materials industry is interconnected with players in each segment . These players collaborate to develop final products . Companies such as Allegheny Technologies Incorporated and Titanium Metals Corporation operate across the value chain , from producing raw materials to manufacturing vital components for end-user industries . These companies are now focusing on the development of new products for the aerospace industry due to high demand from the sector .
The global market for lightweight materials is estimated to rise at a steady CAGR of 5.80 % during the forecast period of 2014 to 2020 , reaching a valuation of US $ 186.3 bn by the end of 2020 .
Request For Sample Of This Report : http :// www . transparencymarketresearch . com / sample / sample . php ? flag = S & rep _ id = 2750
Aluminum Remains Most In-Demand Product Segment The global market for lightweight materials is segmented on the basis of product , application , and region . By product , the market is divided into aluminum , titanium , high strength steel , magnesium , polymer and composites , and others including ceramic composites , carbon fiber composites , and hybrid materials . Out of these , aluminum is one of the major lightweight material , and is expected to remain the most prominent product segment in the global lightweight materials market during the forecast period .
The composites product segment , which includes metal matrix composites , glass fiber reinforced plastics , carbon fiber reinforced plastics , ceramic composites , and other hybrid materials , is expected to exhibit an increase in demand over the forecast period , owing to their functional benefits in comparison with other lightweight materials . However , composites come at a premium cost which will
Transparency Market Research
2