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The Global Lightweight Material Market Is Expected to Reach USD 134.2 Billion by the Year 2024

(, January 06, 2018 )

Lightweight Materials like Mg (Magnesium), Carbon Fiber Composites, Al (Aluminium), Ti (Titanium) and the rest are used in many industries like, automotive industry, aviation industry, marine industry, wind energy industry due to their potential of reducing the composite weight of goods that are used. Among all its application in various industries, automotive industry is expected to have the largest market due to an unbeatable energy efficiency in terms of fuel consumption that is obtained as a result in the reduction of weight, enhanced safety that is obtained by automobiles as lightweight materials which are used are proven to have better energy absorption due to composite materials it comprises of such as Mg, Al. The usage of lightweight materials in automobiles contributed to the increased performance of automobiles and is also considered as a leading factor for the wide utilization of lightweight materials in the automotive industry.

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North America possess largest consumers of Lightweight Materials

North America and the Asia Pacific are expected as the largest consumers of lightweight materials accounting for nearly 71% with respect to volume utilization of lightweight materials and 70% with respect to the value of lightweight materials. China in the Asia Pacific is expected to grow with high CAGR for the next five years

Few major key players for Global Lightweight Material Market include Owens Corning, Saudi Basic Industries Corporation, S. Magnesium LLC, Arcelormittal, Titanium Metals Corporation.

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Few major key players for Global Lightweight Material Market include Owens Corning, Saudi Basic Industries Corporation, S. Magnesium LLC, Arcelormittal, Titanium Metals Corporation.

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Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.

Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.

The Regional and Global Variety is taken care of in the report.

Year on Year basis generation of revenue is studied.

Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.

The overview and the sustainability of the market are analyzed through SWOT.

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The segment-level analysis in terms of type and technology.

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