Press release
Lightweight Materials in Transportation Market
In 2022, there was a $115.4 billion global market for lightweight materials used in transportation. This market is anticipated to develop at a compound annual growth rate (CAGR) of 12.6% from 2023 to 2030, reaching around $122 billion by 2023 and $190.7 billion by 2030. The report's global focus is on the market for lightweight materials used in transportation machinery, such as cars, planes, trains, and ships. Materials used in the construction of equipment particularly to reduce weight are referred to as lightweight materials.
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The Key companies profiled in the Lightweight Materials in Transportation Market:
The study examines the Lightweight Materials in Transportation Market's competitive landscape and includes data 3M Co., Advanced Magnesium Alloys Corp., Akzo Nobel Nv, Alcoa Inc., BASF Se, Bayer Material Science Ag, Celanese Corp., Cytec Industries Inc., Dow Chemical Co., E.I. Du Pont De Nemours And Co., Dwa Aluminum Composites, Exatec Llc, Fmw Composite Systems Inc., Freightcar America, Hanwha Azdel Inc.& Others.
Global Lightweight Materials in Transportation Market Split by Product Type and Applications
This report segments the Lightweight Materials in Transportation Market on the basis of Types:
High-Strength Steel
Aluminum
Plastics
Fiber-Reinforced Polymer Composites
Metal Matrix Composites
Hybrid Material
Other
On the basis of Application, the Lightweight Materials in Transportation Market is segmented into:
Areospace
Railway Equipment
Motor Vehicles
Others
The need for fuel-efficient and environmentally friendly transportation vehicles is predicted to increase over the next few years, which will fuel the market for lightweight materials in transportation. The industry is also anticipated to gain from the growing use of cutting-edge technologies like additive manufacturing and 3D printing. The market for lightweight materials in transportation has grown significantly during the past few years. This growth is influenced by a number of things. First off, the need for lightweight materials in transportation has increased due to strict environmental restrictions and fuel economy norms. Lightweight components contribute to a reduction in vehicle weight, which enhances fuel economy and lowers emissions.
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Regional differences can be seen in the adoption and expansion of lightweight materials in the transportation sector. North America has been in the forefront of using lightweight materials thanks to its well-established automobile and aerospace industries. The demand for lightweight materials in transportation is driven by the region's emphasis on fuel efficiency, pollution reduction, and modern manufacturing processes. Due to tight pollution laws, fuel efficiency requirements, and the presence of big car manufacturers, Europe also represents a sizable market for lightweight materials used in transportation. The market is expanding as a result of the region's focus on sustainability and government programs that support the manufacture of lightweight vehicles.
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Market Segmentation:
Lightweight Materials in Transportation Market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
The development of lightweight materials in the transportation sector has significantly impacted the chemical and material sector. The need for cutting-edge materials suited for lightweight applications is fueled by this. To fulfill the needs of the transportation sector, chemical companies are creating novel materials, coatings, and additives with enhanced strength, corrosion resistance, and lightweight properties.
Major Point of Table of Contents:
Chapter 1 Industry Overview
Chapter 2 Global Lightweight Materials in Transportation Market Competition by Types, Applications, and Top Regions and Countries
Chapter 3 Production Market Analysis
Chapter 4 Global Lightweight Materials in Transportation Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Lightweight Materials in Transportation Market Analysis
Chapter 6 East Asia Lightweight Materials in Transportation Market Analysis
Chapter 7 Europe Lightweight Materials in Transportation Market Analysis
Chapter 8 South Asia Lightweight Materials in Transportation Market Analysis
Chapter 9 Southeast Asia Lightweight Materials in Transportation Market Analysis
Chapter 10 Middle East Lightweight Materials in Transportation Market Analysis
Chapter 11 Africa Lightweight Materials in Transportation Market Analysis
Chapter 12 Oceania Lightweight Materials in Transportation Market Analysis
Chapter 13 South America Lightweight Materials in Transportation Market Analysis
Chapter 14 Company Profiles and Key Figures in Lightweight Materials in Transportation Business
Chapter 15 Global Lightweight Materials in Transportation Market Forecast (2023-2028)
Chapter 16 Conclusions
Research Methodology...
Global Lightweight Materials in Transportation Market Research FAQs;
1. What is the study period of this market?
2. What is the growth rate of this Market?
3. Which region has the highest growth rate in this Market?
4. Which region has the largest share in this Market?
5. Which products & services have been included in this market?
6. Which end user segments have been included in this market?
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