Materials Market Research Reports Lightweight Materials Market

Lightweight Materials Market is projected to
reach USD 225.35 billion by 2024
“Lightweight Materials Market Size, Share & Trends
Analysis Report By Product (Aluminum, High
Strength Steel), By Application (Automotive,
Aviation, Energy), By Region, And Segment
Forecasts, 2018 - 2024.”
The global lightweight materials market is projected to reach USD 225.35 billion by 2024.
Positive automotive outlook coupled with increased number of wind project installations is expected
to boost demand for these materials. Lightweight materials are gaining popularity in various
applications instead of iron and steel on account of improved performance. The fuel efficiency
advantage facilitates use in application segments including automotive and aviation. The reduction
in CO2 emissions on account of enhanced fuel efficiency in passenger vehicles will augment the
demand for these materials. U.S and China contribute to the majority of the product demand owing
to the presence of a large number of automotive and aviation component manufacturers. Rising
innovation in the aviation sector and an increasing number of wind project installations globally is
expected to have a positive impact on demand.
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