Market Research Report Lightweight Construction Materials Market | Page 2

∑ In addition, with rise in the competition in raw materials for production of various parts of automotive,
car manufacturers and aluminum distributors are working closely with each other to decrease the
overall weight of the vehicle structure. Aluminum offers a better cost-benefit ratio than any of its
substitute materials, which makes it a material of choice for production of various automotive parts.
∑ Moreover, rise in investments in application-oriented research and development is likely to improve
properties of materials in the near future. Optimization of the process for production of lightweight
construction materials is expected to drive the global lightweight construction materials market during
the forecast period.
Building & Construction Segment to Witness Attractive Opportunities
∑ Developments in the nanotechnology and nanomaterials are likely to offer lucrative opportunities to
the global construction industry in the near future. Additionally, nano cement particles help in filling
pores more effectively, thereby enhancing the overall strength and durability of cement. This, in turn,
is boosting the demand for lightweight construction materials across the globe.
∑ Rising use of cement-based construction materials, such as ultra-high-performance concrete (UHPC)
and photo-catalytically active concrete products and coatings, is likely to drive the demand for
lightweight construction materials, especially in the building & construction sector, in the next few
years.
∑ Rising research activities and foreign direct investment (FDI) in the building & construction sector,
typically in Europe and North America, are likely to provide immense opportunities to manufacturers
of lightweight construction materials in these regions in the near future
∑ Increase of pressure to reduce CO 2 emissions during the production of cement is likely to drive the
demand for nanomaterials such as graphene in the near future. Graphene’s high tensile strength,
optical transparency and excellent electrical conductivity, makes it an ideal material for its use in
construction industry.
High Production Costs and Lack of Awareness among Consumers to Hamper Market
∑ Factors such as rapid fluctuations in raw material prices and high costs of carbon fibers is likely to
restrict its use in the manufacturing of automotive components. This is expected to hinder the market
during the forecast period.
∑ Lightweight construction materials are made by using sophisticated technologies those are not
commercial on the large scale in the market. This, in turn, is expected to hamper the global market
during the forecast period.
∑ Economic slowdown coupled with slowdown of the automotive sector in developing regions, such as
Asia Pacific is expected to hamper sales of lightweight construction materials in the near future
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Europe to Hold a Major Share of Global Lightweight Construction Materials Market
∑ Geographically, the global market for lightweight construction materials can be segmented into five
regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
∑ Europe is anticipated to be the leading consumer of lightweight construction materials across the
globe in the near future. In terms of research & development and production capacities, Germany is
becoming the leading player in the market for lightweight construction materials in Europe.