Lightweight Materials Industry Overview, Market Status and Specification Till 2024
“Global Lightweight Materials Market report includes in-depth analysis of industry by recent technologies, trends, opportunities, challenges, key players and business strategies considering types, segment and future outlook.�
18 Sep 2018 - Global Lightweight Materials Market is expected to reach USD 225.3 billion by 2024. Lightweight materials are the materials used to reduce vehicle weight to reduce emissions, enhance performance, and to lower oil and fuel consumption. Lightweight materials play important role in enhancing the fuel economy of latest cars while maintaining their performance and safety. The weight reduction plays important role in reducing CO2 for any source of energy like fuel cells, oil, biofuels, or electric. Recycling, mass reduction, and manufacturing process are dominant in the transport segment in accomplishing pollutant gases and CO2 emission reduction. The Lightweight Materials Market is estimated to grow at a significant CAGR of 8.9% over the future period as the scope and its applications are rising enormously across the globe. Rising energy efficiency, composite material provide more protection upon impact and advances performance are documented as major factors of Lightweight Materials Market that are estimated to enhance the growth in the years to come. Also these materials can be easily installed, low in cost and maintains its standard are the factors that may boost overall market in coming years. Lightweight Materials Industry is segmented based on type, application, region.