Increasing Air Travel Benefits Lightweight Materials Market Due to Demand in Aircraft Manufacture.Pdf

Transparency Market
Research

Lightweight Materials Market - Global Industry
Analysis, Size, Share, Growth, Trends and
Forecast, 2014 – 2020
Published Date
24-July-2014

100 Page Report

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Increasing Air Travel Benefits Lightweight Materials Market due to Demand in
Aircraft Manufacture:TMR

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Lightweight Materials Market

REPORT DESCRIPTION

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

Transparency Market Research (TMR) has released a market study detailing the global lightweight
materials market from 2014 to 2020. The report is titled “Lightweight Materials Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020” and states that the market for lightweight
materials will reach a valuation of US$186.3 bn by 2020, increasing from US$126.3 bn in 2013 at a
modest CAGR of 5.80% from 2014 to 2020. By volume, the said market amounted to 54,340.3 mn kg in
2013.
The report states that the market for lightweight materials receives major demand from the transportation
sector. The use of lightweight materials such as aluminum, titanium, and composites in aircraft helps in
revenue generation, due to the increased payload capacity and enhanced energy efficiency of the aircraft.
Increasing environmental concerns across the globe associated with carbon emissions from vehicles are
driving the demand for lightweight materials in the automobile and aviation sectors. However, the high
cost of lightweight materials over conventional materials such as steel will be a deterrent to the growth of
the global lightweight materials market during...