Lightweight Materials Market Size is Anticipated to Increase During the Study Period to 2030

The global lightweight materials market is witnessing steady growth, driven by rising adoption in the automotive, aerospace, wind energy, and marine sectors.

DE, UNITED STATES, August 20, 2025 /EINPresswire.com/ -- The global lightweight materials market is witnessing steady growth, driven by rising adoption in the automotive, aerospace, wind energy, and marine sectors. Increasing presence of OEMs and aftermarket players, coupled with technological advancements, new product innovations, and higher disposable incomes, is fueling demand.

Market Outlook:

According to Allied Market Research, the Lightweight Materials Market by Type (Metal Alloys, Composites, Polymers), by Application (Automotive, Aerospace, Wind, Marine, Others): Global Opportunity Analysis and Industry Forecast, 2020–2030 report, the industry was valued at $168.1 billion in 2020 and is projected to reach $261.6 billion by 2030, growing at a CAGR of 4.5% (2021–2030).

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/1721

Key Growth Drivers:

- Expansion of the automotive sector with strong OEM and aftermarket networks.
- Continuous technological advancements and new material developments.
- Rising middle-class income and consumer spending globally.
- Growing popularity of electric vehicles (EVs) and sustainable practices.

Challenge: High carbon fiber costs and volatile raw material prices limit large-scale adoption in certain industries.

Segment Insights:-

By Type:

- Metal Alloys held the dominant share in 2020 (over 60%) and will continue leading by 2030, driven by strong demand across multiple industries.
- Composites are expected to grow at the fastest CAGR of 5.4%, fueled by rising use in automotive, transportation, and construction applications.

By Application:

- Automotive accounted for nearly 80% of revenue in 2020 and will remain the top segment, supported by rising vehicle demand and consumer income levels.
- Aerospace is projected to record the highest CAGR of 4.7%, as lightweight materials play a vital role in enhancing avionics, fuel efficiency, and fighter jet upgrades.

Regional Analysis:

- Asia-Pacific dominated the global market in 2020, contributing over 60% of revenue, and is forecasted to grow at the fastest CAGR of 5.2% during the forecast period.
- Growth is driven by robust demand from the automotive, aircraft, wind turbine, and marine industries in emerging economies.

Leading Players:

- Alcoa Corporation
- Saudi Basic Industries Corporation (SABIC)
- PPG Industries, Inc.
- Novelis Inc.
- Solvay
- ExxonMobil Corporation
- Toray Industries, Inc.
- DuPont
- ArcelorMittal
- Bayer AG

𝐖𝐚𝐧𝐭 𝐭𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐒𝐭𝐚𝐭𝐢𝐬𝐭𝐢𝐜𝐚𝐥 𝐃𝐚𝐭𝐚 𝐚𝐧𝐝 𝐆𝐫𝐚𝐩𝐡𝐬, 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬' 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬: https://www.alliedmarketresearch.com/lightweight-material-market/purchase-options

About Us

Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Market Research
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