Maximize Market Research's latest report, " Global Lightweight Materials Market Global Demand Analysis and Opportunity Outlook 2027", offers a comprehensive analysis of the market. It provides market segments by type and shape, as well as end-user industries and regions.
Global Lightweight Materials Market was valued to be US$ 133.1 Bn in 2019 and is estimated to reach at an evaluation of US$ 225.3 Bn by the end of 2027, growing at a CAGR of 8.9% during the forecast 2020 and 2027.
Global Lightweight Materials Market Overview
Lightweight Materials are advanced materials, is a way to achieve better fuel efficiency widely used in automotive industries by replacing heavy steel components with lighter ones such as aluminium, high-strength steel, magnesium (Mg) alloys, carbon fiber, and glass fiber-reinforced polymer which directly reduce the vehicle's weight by up to 50% and therefore, reduce fuel consumption and offers great potential in increasing vehicle efficiency.The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
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Global Lightweight Materials Market Major Market Players
• ArcelorMittal S.A.
• Alcoa Inc.
• Saudi Basic Industries Corporation
• PPG Industries, Inc.
• Toray Industries, Inc.
• Cytec Industries Inc.,
• ExxonMobil Corporation
• E.I DuPont de Nemours and Company
• Bayer AG
• Novelis Inc.
• ThyssenKrupp AG
• Henkel Corporation
• Mitsubishi Rayon Co. Ltd.
• Zoltek Companies Inc
• Rio Tinto Alcan Inc.
• Kaiser Aluminium
• US Magnesium LLC
• AS Magnesium Inc.
• China Hongqiao Group Ltd.
• SGL Group
• LyondellBasell Industries N.V.
• Dead Sea Magnesium Ltd
• Exxon Mobil Corporation
• Formosa Plastic Corporation
The Market Impact of COVID-19
The COVID-19 epidemic has quickly spreaded since its inception in Wuhan (China), in December 2019.
All around the globe. As of March 2020, the US and China were the most affected. The COVID-19 crisis has had a significant impact on many countries, resulting in travel bans or lockdowns. Industries. This outbreak has severely affected the global food and beverage industries.
This includes office closures, cancellations of technology events, and supply chain disruptions. China is the world's largest manufacturing country and has the largest number of raw material suppliers. COVID-19 has an adverse effect on overall production because it closes factories and creates supply chain challenges. Market growth.
Segmentation of Global Lightweight Materials Market by Types and Applications:
Global Lightweight Materials Market, By Type:
o High Strength Steel
o Carbon-fiber reinforced plastic (CFRP)
o Glass-fiber reinforced plastic (GFRP)
o Others (Polyamide etc.)
Global Lightweight Materials Market, By Application
• Wind Energy
• Others (Transportation, Packaging, and Other Engineered Goods)
Global Lightweight Materials Market, By Region
• North America
• Asia Pacific
• The Middle East and Africa
• Latin America
The report has covered the market size by country (regions) for the global Lightweight Materials market. Segment by Application. The Lightweight Materials Market is divided into the North America Europe, ASIA Pacific, Middle East Africa. The report also includes market size estimates by region. 2019-2027 Forecasts and market size for each type and segment are included. Sales and revenue are included for the period 2019-2027.
Analysis of the Lightweight Materials Market Share and Competitive Landscape:
This report provides a detailed analysis of the Global Lightweight Materials Market for all stakeholders. . It also contains historical and forecasted market size information. Trends are also included in the report. The report is simple and simplifies complicated data using simple language. This report includes information on all aspects of the industry, as well as key players like market leaders, followers and new entrants. The report includes a PORTER, SVOR and a PESTEL analysis. The report also analyzes the potential market impact of microeconomic variables. This report examines both internal and external factors that can have a positive or negative effect on the business. This report will provide a clear view of the industry for decision-makers.
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