ALBANY, N.Y.--(BUSINESS WIRE)--Transparency Market Research announces the release of a new publication titled “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”.
Browse Report: http://www.transparencymarketresearch.com/lightweight-materials-industry.html
According to the research report, the global lightweight materials market stood at US$126.30 billion in 2013 and expanding at a 5.8% CAGR from 2014 to 2020, is anticipated to report a market value of US$186.35 billion in 2020. Volume-wise, the market for lightweight materials was reported to be 54,340.3 kilo tons in 2013.
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The research study segments the lightweight materials market by product, application, and geography. The key product segments of lightweight materials are titanium, magnesium, aluminum, high-strength steel, polymer and composites and others such as carbon fiber composites, ceramic composites and hybrid materials. The major applications areas of lightweight materials are energy, defense, transportation, medical technology, wind turbines, pressure vessels and others. Regionally, the chief lightweight materials markets are Europe, North America, Asia Pacific and Rest of the World.
Press Release: http://www.transparencymarketresearch.com/pressrelease/lightweight-materials-industry.htm
By application, transportation was the dominant segment of the lightweight materials market owing to advantages such as improved fuel efficiency, increased payload, and weight reduction. The segment accounted for an 85.7% share in 2013. In terms of type of products, aluminum dominated the market in 2013 with a 30.4% share. Asia Pacific ruled the global lightweight materials market in the same year thanks to a flourishing transportation industry in the region. Europe, North America and RoW followed suit.
The prominent participants of the global lightweight materials market include Evonik Industries, TIMET, Cytec Industries Inc., Caparo, DuPont, ATI, Alcoa Inc., Huntsman Corporation, Formosa Plastics, Exxon Mobil and Aleris International Inc.
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Transparency Market Research (TMR) is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.
