The automotive segment held around four-fifths of the global lightweight materials market revenue in 2020, and is expected to lead the trail by 2030, owing to rise in middle-class income and surge in the young population across the world. The aerospace segment, on the other hand, would manifest the fastest CAGR of 4.7% from 2021 …
Tag Archives: Lightweight Materials Market
Lightweight Materials Market To Observe the Largest Share and Witness Robust Expansion With Detail Analysis 2021-2030
Asia-Pacific held the major share in 2020, generating more than three-fifths of the global lightweight materials market. The same region would also grow at the fastest CAGR of 5.2% by 2030. This is attributed to the increasing demand for lightweight materials in the automotive, marine, aircraft, and wind turbine industries in Asia-Pacific. Request Free PDF …
Lightweight Materials Market is Expected to Expand at a Sluggish CAGR of 4.5% During Forecast 2021-2030
Increase in disposable income, technological upgrades, rise in new product developments, and surge in number of original equipment manufacturers (OEMs) and aftermarkets led the automobile sector to witness a significant growth, which in turn drives the global lightweight materials market. On the other hand, rapid fluctuations in raw material prices and high cost of carbon fiber …
Lightweight Materials Market Comprehensive Analysis by Leading Players and Business Boosting Strategies till 2030
The global lightweight materials industry was estimated at $168.1 billion in 2020, and is anticipated to hit $261.6 billion by 2030, registering a CAGR of 4.5% from 2021 to 2030. Drivers, restraints, and opportunities- Increase in disposable income, technological upgrades, rise in new product developments, and surge in number of original equipment manufacturers (OEMs) and aftermarkets …