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Published Date: 2014-07-24Number of Pages: 100

Lightweight Materials Market (Aluminum, Titanium, High Strength Steel, Magnesium, Polymer & Composites and Others) for Defense, Energy, Transportation and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020

The global lightweight materials industry has been experiencing strong growth from various end-use industries, especially from the transportation sector. The transportation sector includes aviation, automobile and railways. Other key end-use industries include medical, energy, defense, consumer goods, building & construction and electronics. However, this study on lightweight materials focuses on key industries such as defense, energy, transportation and medical. Structural advantages of different lightweight materials coupled with expected price reduction of composites in the future is estimated to drive global demand for lightweight materials. However, high cost of lightweight materials is the only significant barrier for demand for these products.

The study analyzes the lightweight materials industry, and estimates and forecasts the global market in terms of volume (Kilo tons) and revenue (USD Billion). The lightweight materials report segments the market based on product types, applications and key regions. Key products included in the report are aluminum, high strength steel, magnesium, titanium, and polymer and composites. Polymer and composites segment includes polyamides, polypropylene, polystyrene and glass reinforced plastic composites. Key applications included in the study are defense, energy, transportation and medical. The transportation application segment includes demand from automobile, trucks, other vehicles, commercial and civilian aircraft, and railways. The report analyzes attractiveness of each application of lightweight materials with the help of the market attractiveness tool. 

The report segments the lightweight materials market into key regions such as North America, Europe, Asia Pacific and Rest of the World. Rest of the World includes Latin America, the Middle East and Africa. The report analyzes each product and application segment for each regional market. The study on lightweight materials provides market estimates and forecast for each segment in terms of volume (Kilo tons) and revenue (USD billion).

Industry analysis of the report provides a comprehensive view of each player in the value chain of the lightweight materials market. It also provides key driving and restraining factors in the lightweight materials market, with impact analysis of each factor. The industry analysis also throws light on opportunities for the market in the near future. Additionally, the lightweight materials report analyzes the global competition in the market with the help of Porter’s five forces analysis model. 

Secondary research sources that are typically referred to include company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings. Secondary sources referred for lightweight materials study include, but are not limited to ICIS, the Steel Manufacturers Association, the International Aluminum Institute, the Lightweight Materials Technology Council (LMTC), the American Composites Manufacturers Association (ACMA), European Composites Industry Associations, the American Lightweight Materials Manufacturing Innovation Institute (ALMMII) and the European Union. Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies.

The lightweight materials report comprises profiles of key players such as Alcoa Inc., Aleris International Inc., ATI, TIMET, Huntsman Corporation, Caparo, Exxon Mobil, DuPont, Evonik Industries, Cytec Industries Inc. and Formosa Plastics. Company profiles include parameters such as company overview, product portfolio, financial overview, business strategies, SWOT analysis and recent developments. The study also provides market share of some of the companies in the lightweight materials market. Market share of companies has been derived based on revenue generated for lightweight materials products.

The report segments the global lightweight materials market as:
  • Lightweight Materials Market - Product Segment Analysis
    • Aluminum
    • Titanium
    • High Strength Steel
    • Magnesium
    • Polymer and composites
    • Others (Ceramic composites, carbon fiber composites and hybrid materials)
  • Lightweight Materials Market - Application Segment Analysis
    • Defense
    • Energy
    • Transportation
    • Others (Medical applications, etc.)
  • Lightweight Materials Market - Regional Analysis
    • North America
    • Europe
    • Asia Pacific
    • Rest of the World (RoW)

Chapter 1 Preface
1.1 Report description
1.2 Market segmentation
1.3 Research scope and assumptions
1.4 Research methodology

Chapter 2 Executive Summary
2.1 Global lightweight materials market, 2013 – 2020, (Kilo tons) (USD Billion)
2.2 Global lightweight materials market, snapshot (2013 and 2020)

Chapter 3 Lightweight Materials: Industry Analysis
3.1 Introduction
3.2 Value chain analysis
3.3 Market drivers
      3.3.1 Regulations to reduce CO2 emissions coupled with rising demand for fuel-efficient vehicles
      3.3.2 Continuous technological innovation in aerospace industry
3.4 Market restraints
      3.4.1 High cost of lightweight materials compared to other conventional materials
3.5 Opportunities
      3.5.1 High potential for lightweight materials in transportation industry, especially in emerging economies
      3.5.2 Carbon fibers to create opportunities for global lightweight materials in near future
3.6 Porter’s five forces model
      3.6.1 Bargaining power of suppliers
      3.6.2 Bargaining power of buyers
      3.6.3 Threat from substitutes
      3.6.4 Threat from new entrants
      3.6.5 Degree of competition
3.7 Global lightweight materials market: Market attractiveness analysis
3.8 Global lightweight materials market: Company market share (2012)

Chapter 4 Global Lightweight Materials – Product Segment Analysis
4.1 Global lightweight materials market: Product segment analysis
      4.1.1 Global lightweight materials market volume share by product, 2013 and 2020
4.2 Aluminum
      4.2.1 Global aluminum market, 2013 – 2020 (Kilo tons) (USD Billion)
4.3 Titanium
      4.3.1 Global titanium market, 2013 – 2020 (Kilo tons) (USD Billion)
4.4 High strength steel (HSS)
      4.4.1 Global high strength steel market, 2013 – 2020 (Kilo tons) (USD Billion)
4.5 Magnesium
      4.5.1 Global magnesium market, 2013 – 2020 (Kilo tons) (USD Billion)
4.6 Polymer and composites
      4.6.1 Global polymer and composites market, 2013 – 2020 (Kilo tons) (USD Billion)
4.7 Others
      4.7.1 Global other lightweight materials market, 2013 – 2020 (Kilo tons) (USD Billion)

Chapter 5 Lightweight Materials Market – Application Segment Analysis
5.1 Global lightweight materials market: Application segment analysis
      5.1.1 Global lightweight materials market volume share by application, 2013 and 2020
5.2 Defense
      5.2.1 Global lightweight materials market for defense, 2014 – 2020 (Kilo tons) (USD Billion)
5.3 Energy
      5.3.1 Global lightweight materials market for energy, 2014 – 2020 (Kilo tons) (USD Billion)
5.4 Transportation
      5.4.1 Global lightweight materials market for transportation, 2014 – 2020 (Kilo tons) (USD Billion)
5.5 Other applications
      5.5.1 Global lightweight materials market for other applications, 2014 – 2020 (Kilo tons) (USD Billion)

Chapter 6 Lightweight Materials Market – Regional Segment Analysis
6.1 Global lightweight materials market: Regional segment analysis
      6.1.1 Global lightweight materials market volume share, by region, 2013 and 2020
6.2 North America
      6.2.1 North America lightweight materials market volume, by product, 2013 - 2020 (Kilo tons)
      6.2.2 North America lightweight materials market revenue, by product, 2013 - 2020 (USD Billion)
      6.2.3 North America lightweight materials market volume, by application, 2013 - 2020 (Kilo tons)
      6.2.4 North America lightweight materials market revenue, by application, 2013 - 2020 (USD Billion)
6.3 Europe
      6.3.1 Europe lightweight materials market volume, by product, 2013 - 2020 (Kilo tons)
      6.3.2 Europe lightweight materials market revenue, by product, 2013 - 2020 (USD Billion)
      6.3.3 Europe lightweight materials market volume, by application, 2013 - 2020 (Kilo tons)
      6.3.4 Europe lightweight materials market revenue, by application, 2013 - 2020 (USD Billion)
6.4 Asia Pacific
      6.4.1 Asia Pacific lightweight materials market volume, by product, 2013 - 2020 (Kilo tons)
      6.4.2 Asia Pacific lightweight materials market revenue, by product, 2013 - 2020 (USD Billion)
      6.4.3 Asia Pacific lightweight materials market volume, by application, 2013 - 2020 (Kilo tons)
      6.4.4 Asia Pacific lightweight materials market revenue, by application, 2013 - 2020 (USD Billion)
6.5 Rest of the World (RoW)
      6.5.1 RoW lightweight materials market volume, by product, 2013 - 2020 (Kilo tons)
      6.5.2 RoW lightweight materials market revenue, by product, 2013 - 2020 (USD Billion)
      6.5.3 RoW lightweight materials market volume, by application, 2013 - 2020 (Kilo tons)
      6.5.4 RoW lightweight materials market revenue, by application, 2013 - 2020 (USD Billion)

Chapter 7 Company Profiles
7.1 AK Steel
      7.1.1 Company overview
      7.1.2 Product Portfolio
      7.1.3 Financial overview
      7.1.4 Business strategy
      7.1.5 SWOT analysis
      7.1.6 Recent developments
7.2 Alcoa Inc
      7.2.1 Company overview
      7.2.2 Product Portfolio
      7.2.3 Financial overview
      7.2.4 Business strategy
      7.2.5 SWOT analysis
      7.2.6 Recent developments
7.3 Aleris International Inc
      7.3.1 Company overview
      7.3.2 Product Portfolio
      7.3.3 Financial overview
      7.3.4 Business strategy
      7.3.5 SWOT analysis
      7.3.6 Recent developments
7.4 Allegheny Technologies Incorporated (ATI)
      7.4.1 Company Overview
      7.4.2 Product Portfolio
      7.4.3 Financial overview
      7.4.4 Business strategy
      7.4.5 SWOT analysis
      7.4.6 Recent developments
7.5 Bayer MaterialScience
      7.5.1 Company overview
      7.5.2 Product Portfolio
      7.5.3 Financial overview
      7.5.4 Business strategy
      7.5.5 SWOT analysis
      7.5.6 Recent developments
7.6 Caparo Group Limited
      7.6.1 Company overview
      7.6.2 Product Portfolio
      7.6.3 Financial overview
      7.6.4 Business strategy
      7.6.5 SWOT analysis
      7.6.6 Recent developments
7.7 Cytec Industries Inc
      7.7.1 Company overview
      7.7.2 Product portfolio
      7.7.3 Financial overview
      7.7.4 Business strategy
      7.7.5 SWOT analysis
      7.7.6 Recent developments
7.8 DuPont
      7.8.1 Company overview
      7.8.2 Product Portfolio
      7.8.3 Financial overview
      7.8.4 Business strategy
      7.8.5 SWOT analysis
      7.8.6 Recent developments
7.9 Evonik Industries AG
      7.9.1 Company overview
      7.9.2 Product Portfolio
      7.9.3 Financial overview
      7.9.4 Business strategy
      7.9.5 SWOT analysis
      7.9.6 Recent developments
7.10 Exxon Mobil
       7.10.1 Company Overview
       7.10.2 Product Portfolio
       7.10.3 Financial overview
       7.10.4 Business strategy
       7.10.5 SWOT analysis
       7.10.6 Recent developments
7.11 Formosa Plastics Corporation
       7.11.1 Company Overview
       7.11.2 Product Portfolio
       7.11.3 Financial overview
       7.11.4 Business strategy
       7.11.5 SWOT analysis
7.12 Huntsman International LLC
       7.12.1 Company Overview
       7.12.2 Product Portfolio
       7.12.3 Financial overview
       7.12.4 Business strategy
       7.12.5 SWOT analysis
       7.12.6 Recent developments
7.13 Titanium Metals Corporation
       7.13.1 Company Overview
       7.13.2 Product Portfolio
       7.13.3 Financial overview
       7.13.4 Business strategy
       7.13.5 SWOT analysis
       7.13.6 Recent developments
7.14 Toho Titanium Co. Ltd.
       7.14.1 Company overview
       7.14.2 Financial Overview
       7.14.3 Business strategy
       7.14.4 SWOT analysis
       7.14.5 Recent developments

List of Figures 

FIG. 1 Lightweight Materials: Market segmentation
FIG. 2 Global lightweight materials market, 2013 - 2020, (Kilo tons) (USD Billion)
FIG. 3 Global lightweight materials market: Value chain analysis
FIG. 4 Material composition of A350XWB
FIG. 5 Comparative weight and cost for different materials
FIG. 6 Global lightweight materials market: Porter’s five forces model
FIG. 7 Global lightweight materials market: Market attractiveness analysis
FIG. 8 Global lightweight materials market: Company market share (2012)
FIG. 9 Global lightweight materials market volume share, by product, 2013 and 2020
FIG. 10 Global aluminum market, 2013 – 2020 (Kilo tons) (USD Billion)
FIG. 11 Global titanium market, 2013 – 2020 (Kilo tons) (USD Billion)
FIG. 12 Global high strength steel market, 2013 – 2020 (Kilo tons) (USD Billion)
FIG. 13 Global magnesium market, 2013 – 2020 (Kilo tons) (USD Billion)
FIG. 14 Global polymer and composites market, 2013 – 2020 (Kilo tons) (USD Billion)
FIG. 15 Global other lightweight materials market, 2013 – 2020 (Kilo tons) (USD Billion)
FIG. 16 Global lightweight materials market volume share, by application, 2013 and 2020
FIG. 17 Global lightweight materials market for defense, 2014 – 2020 (Kilo tons) (USD Billion)
FIG. 18 Global lightweight materials market for energy, 2014 – 2020 (Kilo tons) (USD Billion)
FIG. 19 Global lightweight materials market for transportation, 2014 – 2020 (Kilo tons) (USD Billion)
FIG. 20 Global lightweight materials market for other applications, 2014 – 2020 (Kilo tons) (USD Billion)
FIG. 21 Global lightweight materials market volume share, by region, 2013 and 2020

List of Tables

TABLE 1 Global lightweight materials market, snapshot (2013 and 2020)
TABLE 2 Global lightweight materials market drivers: Impact analysis
TABLE 3 EU regulations for CO2 emissions
TABLE 4 Global lightweight materials market restraints: Impact analysis
TABLE 5 North America lightweight materials market volume, by product, 2013 – 2020 (Kilo tons)
TABLE 6 North America lightweight materials market revenue, by product, 2013 - 2020 (USD Billion)
TABLE 7 North America lightweight materials market volume, by application, 2013 - 2020 (Kilo tons)
TABLE 8 North America lightweight materials market revenue, by application, 2013 - 2020 (USD Billion)
TABLE 9 Europe lightweight materials market volume, by product, 2013 – 2020 (Kilo tons)
TABLE 10 Europe lightweight materials market revenue, by product, 2013 - 2020 (USD Billion)
TABLE 11 Europe lightweight materials market volume, by application, 2013 - 2020 (Kilo tons)
TABLE 12 Europe lightweight materials market revenue, by application, 2013 - 2020 (USD Billion)
TABLE 13 Asia Pacific lightweight materials market volume, by product, 2013 – 2020 (Kilo tons)
TABLE 14 Asia Pacific lightweight materials market revenue, by product, 2013 - 2020 (USD Billion)
TABLE 15 Asia Pacific lightweight materials market volume, by application, 2013 - 2020 (Kilo tons)
TABLE 16 Asia Pacific lightweight materials market revenue, by application, 2013 - 2020 (USD Billion)
TABLE 17 RoW lightweight materials market volume, by product, 2013 – 2020 (Kilo tons)
TABLE 18 RoW lightweight materials market revenue, by product, 2013 - 2020 (USD Billion)
TABLE 19 RoW lightweight materials market volume, by application, 2013 - 2020 (Kilo tons)
TABLE 20 RoW lightweight materials market revenue, by application, 2013 - 2020 (USD Billion)

Lightweight materials and designs are vital factors for product designs across major industries including automobile, aviation and defense. The larger the mass of the vehicle, higher amount of energy is required to move it. Efficiency and performance of a vehicle are correlated to its weight. Replacement of heavy materials with lightweight materials lowers the vehicle’s weight. This, in turn, improves its fuel efficiency. A 1 kg decrease in the vehicle’s weight results in a 17 kg to 20 kg reduction of carbon dioxide emission during its lifetime. Thus, lightweight materials enable vehicles to increase payload, reduce fuel costs and improve the environmental impact.

Lightweight materials are increasingly replacing cast iron and traditional steel components. Additionally, stringent environmental regulations and global trends towards reduction of carbon dioxide emissions have increased the significance of lightweight materials over the last few years. Consumption of lightweight materials is anticipated to rise in the near future due to regulations implemented to reduce CO2 emissions, and penalties for high CO2 emissions by vehicles.

Weight reduction is one of the key factors in improving fuel economy and car performance. The lighter the vehicle less is the power and energy required to accelerate and maintain its speed. This not only enhances fuel economy, but also reduces CO2 emissions. Reduction of CO2 emission is one of the key drivers for the usage of lightweight materials in cars and other automobiles. The European Union aims to penalize companies manufacturing cars with high CO2 emission in the near future. Automakers need to manufacture cars that match the CO2 emission target set by the legislation.

Various types of lightweight materials are produced globally. These include metals (titanium, aluminum, advanced steel and magnesium), composites, polymer and others (carbon fiber composites, ceramics, etc.) Metals are used largely in end-use industries such as transportation and defense. Aluminum and titanium are anticipated to experience significant growth in automobile and aviation industries. Polymer and composites accounted for 30.2% of the global market in 2013. Low density and high strength makes aluminum ideal for construction of aerospace structures and automotive applications. Other lightweight materials segment, including carbon reinforced plastic composites, metal matrix composites and ceramic composites, constituted 0.5% of the global lightweight materials market in 2013.

Lightweight materials find applications in several end-use industries such as defense, transportation and energy. Furthermore, lightweight materials are used in medical technology, pressure vessels and wind turbines. Aviation and automobiles are the key end-user industries in the lightweight materials market. Lightweight materials improve the performance of systems in defense, energy, transportation and general engineered products. Lightweight materials are used primarily in the transportation sector, where they are employed in body structures, roofs, panels and engine parts of automobiles, aircraft and railways. In 2013, transportation sector dominated the global demand for lightweight materials as lightweight materials offer various advantages such as weight reduction, high payload and enhanced fuel efficiency. Transportation sector constituted 85.7% of the global market in 2013. 

Key regional segments include North America, Europe, Asia Pacific and Rest of the World (RoW). Asia Pacific accounted for the largest share of 40.3% of the global lightweight materials market in 2013. Developed regions such as Europe and North America followed Asia Pacific. These regions are likely to experience significant growth in the next few years. RoW, with the smallest market share, is anticipated to experience the fastest growth during the forecast period. 

Key players in the market include Cytec Industries, DuPont, ExxonMobil, Evonik Industries, Bayer AG, Aleris International Inc, Titanium Metals Corporation (TIMET) and Allegheny Technologies Incorporated (ATI). Value chain of the lightweight materials industry is interconnected with participants in each segment. These participants work closely with each other to develop finished products. Companies such as Titanium Metals Corporation (TIMET) and Allegheny Technologies Incorporated (ATI) operate across the value chain, from producing raw materials to manufacturing vital components for end-user industries. Companies are now focusing on the development of new products for the aerospace industry due to high demand from the sector.

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