Global Lightweight Materials Market

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Global Lightweight Materials Market
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Summary
Global Lightweight Materials Market - Analysis
Forecast (2017-2023) (Focus on Metals (Aluminum,
High Strength Steel), Composites (Glass Fiber
Composites, Carbon Fiber Composites), Plastics
Applications in Automotive, Aerospace Defense,
and Wind Energy) The global lightweight
materials market in terms of value is estimated
to witness a growth at a CAGR of 7.0 between
2017 and 2023. The increasing demand and the
growth rate for lightweight materials in the
market is attributed to their increasing usage in
end-use industries such as automotive, aerospace
defense, wind energy and others.
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The rising demand is in line with the unique
properties of lightweight materials. The
properties such as low density, high strength and
stiffness, high ductility, temperature and
corrosion resistance make lightweight materials a
preferred choice over conventional materials such
as iron and steel. These properties help in
weight reduction, leading to increased fuel
economy, reduced CO2 emissions and longer life
and low maintenance costs.
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While highlighting the key driving and
restraining forces for this market, the report
also provides a comprehensive section of the
application areas of the lightweight materials
market. It also examines the role of the leading
market players involved in this market. The
report addresses the following key questions
about the global lightweight materials market
What is the global lightweight materials market
size is in terms of revenue from 2016-2023?
Which is the dominant type and sub-type by
revenue in the lightweight materials market?
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The report has put special emphasis on the market
share and size of metals, composites and
plastics, owing to their high share in the
current and upcoming market of lightweight
materials. The industry analysis have also been
undertaken in order to examine the impact of
various factors and understand the overall
attractiveness of the industry. The most often
used strategy for developing a better hold on to
the market has been through agreements,
collaborations, contracts, and partnerships,
followed by new product launches. The company
profile section includes highlights of
significant information about the key companies
involved
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Metals dominated the lightweight materials market
accounting for a market share of 60 by value in
2016. Asia Pacific generated the maximum amount
of revenue in the year 2016 in the global
lightweight materials market followed by North
America and Europe. Additionally, APAC has the
highest potential to grow in the forecast period
due to the presence of emerging economies such as
China and India.
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Full Report
Global Lightweight Materials Market
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