PUBLISHER: The Business Research Company | PRODUCT CODE: 1717063
PUBLISHER: The Business Research Company | PRODUCT CODE: 1717063
Lightweight materials are characterized by their low density or mass relative to their volume, making them ideal for applications where reducing weight is essential while maintaining strength, durability, or functionality. These materials are widely used in industries where decreasing weight enhances performance, fuel efficiency, and sustainability.
The primary types of lightweight materials include metal alloys, composites, and polymers. Metal alloys are combinations of two or more elements, with at least one being a metal, designed to improve or alter the properties of the base metal. These alloys are distributed through both direct and indirect channels and find applications in automotive, aerospace, wind, marine, electronics, construction, consumer goods, and other sectors.
The lightweight materials market research report is one of a series of new reports from The Business Research Company that provides lightweight materials market statistics, including lightweight materials industry global market size, regional shares, competitors with a lightweight materials market share, detailed lightweight materials market segments, market trends and opportunities, and any further data you may need to thrive in the lightweight materials industry. This lightweight materials market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The lightweight materials market size has grown strongly in recent years. It will grow from $181.73 billion in 2024 to $194.86 billion in 2025 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to increasing demand for fuel-efficient vehicles, rise in adoption of lightweight materials in aerospace industries, growth in automotive production globally, growth in the construction of green buildings, and growth in government regulations for emission reductions.
The lightweight materials market size is expected to see strong growth in the next few years. It will grow to $253.85 billion in 2029 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to the rising popularity of electric vehicles, rising urbanization, growing investments in research and development, rising use of lightweight materials in consumer goods, and rising global trade. Major trends in the forecast period include technological advancements, nanomaterials, lightweight packaging solutions, carbon fiber composites, and 3D printing.
The growing adoption of electric vehicles (EVs) is expected to drive the expansion of the lightweight materials market. Electric vehicles, which run on electricity stored in batteries or fuel cells instead of traditional internal combustion engines, benefit from advancements in battery technology, enhanced charging infrastructure, increased environmental awareness, and ongoing technological innovation. Lightweight materials help reduce the overall weight of electric vehicles, thereby improving energy efficiency, extending battery range, and enhancing performance. For example, according to the International Energy Agency, sales of electric vehicles in 2023 rose by 3.5 million compared to 2022, marking a 35% annual increase. This surge in electric vehicle adoption is fueling the growth of the lightweight materials market.
Leading companies in the lightweight materials sector are focusing on developing advanced products, such as polyamide 6 (PA6) polymer, to offer a superior balance of mechanical properties. PA6 is a synthetic thermoplastic polymer known for its high strength, durability, and abrasion resistance, and is commonly used in textiles, automotive components, and industrial applications. In August 2022, Toray Industries Inc., a Japan-based material manufacturing firm, introduced Toraypearl PA6 polymer, designed specifically for 3D printing. This advanced polymer provides exceptional strength, thermal resistance, and surface smoothness, aiming to improve 3D printing capabilities by reducing post-processing needs, enhancing surface quality, and enabling the creation of complex and precise parts. Toraypearl PA6 is ideal for producing lightweight yet durable components, making it suitable for automotive, power tools, and other high-performance applications.
In November 2022, Covestro AG, a Germany-based producer of polyurethane and polycarbonate raw materials, partnered with Coleitec to accelerate the development and use of polyurethane (PU) composite materials. This collaboration is intended to advance the application of lightweight PU composites in new energy vehicle battery pack top covers, showcasing Covestro's commitment to enhancing production efficiency and cost-effectiveness in the automotive sector. Through this strategic partnership, Covestro and Coleitec will combine their global research and development resources to drive innovations in the automotive and new energy sectors. Coleitec is a China-based company specializing in composite materials.
Major companies operating in the lightweight materials market are Exxon Mobil Corporation, ArcelorMittal S.A., Rio Tinto Alcan Inc., Bayer AG, Henkel Corporation, Evonik Industries AG, Covestro AG, Novelis Inc., China Hongqiao Group Limited, PPG Industries Inc., Cytec Industries Inc., DuPont de Nemours Inc., Alcoa Corporation, Owens Corning, Huntsman Corporation, Formosa Plastics Corporation, Carpenter Technology Corporation, Materion Corporation, Hexcel Corporation, Kaiser Aluminum Corporation, SGL Carbon SE, 3A Composites GmbH, Zoltek Companies Inc., Hexion Inc., Dead Sea Magnesium Ltd., Nippon Graphite Fiber Corporation
Asia-Pacific was the largest region in the lightweight materials market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the lightweight materials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the lightweight materials market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The lightweight materials market consists of sales of Foams, Ceramics, Natural Materials, and advanced materials. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Lightweight Materials Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on lightweight materials market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for lightweight materials ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The lightweight materials market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.