Lightweight Materials Market: Revenue and growth prediction till 2027 with covid-19 impact analysis

May 16, 2022

May 16TH,2022 — This new report from Stratview Research analyses the Lightweight Materials Market over the trend period from 2017 to 2021 and forecast period from 2022 to 2027. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.

Lightweight Materials Market Overview:

The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Lightweight Materials Market is no different. Derived from the previous market scenario, the Lightweight materials market is likely to witness an impressive CAGR of 9.2% during the forecast period.

Key Players:

• SABIC
• Cytec Solvay Group
• Aleris International
• Formosa Plastics Group
• Alcoa Inc.
• PPG Industries Inc.
• Toray Industries Inc.
• Precision Castparts Corp.
• Allegheny Technologies Incorporated
• Evonik Industries
• Novelis Inc.
• Bayer AG.

The Lightweight Materials Marketis segmented by–

• by Product Type (Aluminum, High Strength Steel, Titanium, Magnesium, Polymers & Composites, and Others)
• by ApplicationType (Automotive, Aviation, Energy, and Others)
• byRegion (North America, Europe, Asia-Pacific, and Rest of the World)

Get access to a deeper coverage of the impact of COVID-19 on this Market here: https://www.stratviewresearch.com/Request-Sample/2596/Lightweight-Materials-Market.html#form

Regional analysis:

In terms of regions, Asia-Pacific is estimated to be the leading region in the market during the forecast period. The regional market growth is owing to the growing automotive and aviation industries in the region. Furthermore, countries such as India and China are leading the regional market due to increased demand for passenger automobiles. Product demand in energy applications is expected to increase as people become more aware of the benefits of renewable energy. High defense spending is expected to bolster the demand for titanium and magnesium in this region, thus boosting the growth of the market over the forecast period.

About Stratview Research

Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.

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Author : Emily