Service Robotics Market Is Projected To Grow At A 23.7% CAGR from 2014 to 2020: Grand View Research, Inc.

The global service robotics market is projected to reach USD 15.69 billion by 2020, at an expected CAGR of 23.7% from 2014 to 2020. The demand for the global service robotics is anticipated to surpass 18 million units by 2020. The major factor driving the industry is the rising occurrences of supported living and the demand to fight against increasing costs of labor in the developed countries.

The foremost advantage offered by service robotics includes assistance in carrying out those tasks which would otherwise have been tough and risky. Moreover, the ordinary routine tasks can be effortlessly dealt with having a high degree of accuracy with the help of these devices.

service-robotics-industry.png
Global service robotics market by application, 2012 – 2020 (USD Billion)

The global industry has witnessed a massive growth in the number of companies trying to enter the industry and gain share by evolving and refining their automation techniques. The components involved in the manufacturing these machines include microcontrollers, actuators, manipulators, sensors, and power supply.

Browse full research report on Service Robotics Market: www.grandviewresearch.com/industry-analysis/service-robotics-industry              

In 2013, personal robots had the highest share of the market regarding volume. However, the highest revenue generating segment included professional robots. These professional service robots accounted for over 70% of the global market in that year. Professional service robots are further segmented into field, medical, defense, and logistic robots. Out of these, in 2013, the defense professional service robots led the global industry concerning revenue generation and accounted for over 40% of the total revenue. This was due to their utilization of unmanned aerial vehicles.

North America emerged as the largest market in 2013, accounting for more than 35% of the overall volume share. The U.S. was the primary revenue generator of North America. This high growth in the region can be attributed to the quick rise in the development of production capacities as well as industrialization. Furthermore, the rapidly growing automotive industry in North America is also projected to drive the demand for the overall industry.

The global service robotics industry is highly branded as there is intense competition between the specialized service robot manufacturers and the industrial robot manufacturers. The major corporations operating in the market include Samsung Electronics, Toyota Motor Corporation, Hanool Robotics Corp, Honda Motors Co. Ltd. Other participants include GeckoSystems, Yujin Robot, iRobot Corporation, AB Electrolux, Fujitsu Frontech Limited, LG Electronics Inc., and Sony Corp. Over the next six years, companies including Amazon, Google, and Apple are also expected to enter into the global service robotics market.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/semiconductors                                                                                                                                                                   Grand View Research has segmented the global service robotics market on the basis of application and region:

Service Robotics Application Outlook (Volume, Thousand Units & Revenue, USD Million; 2012 – 2020)

  • Professional Robots
    • Defense
    • Field
    • Medical
    • Logistics
    • Mobile Platforms
    • Underwater Systems
    • Construction & Demolition
    • Others
  • Personal Robots
    • Entertainment
    • Household

Service Robotics Regional Outlook (Volume, Thousand Units & Revenue, USD Million; 2012 – 2020)

  • North America
  • Europe
  • Asia Pacific
  • RoW

 Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-service-robotics-industry                                                                                                                                                                   About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

Advertisements

Industrial Robotics Market Expanding at CAGR of 7.0%from 2014 to 2020

The global industrial robotics market size is anticipated to reach USD 41.23 billion by 2020, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.0% during the forecast period. Rapid expansion of the automotive industry worldwide and growing adoption of robotics in the non-automotive industry including food & beverage, chemicals, rubber & plastics, and electronics/electrical are stoking the growth of the market.

Companies implementing industrial robots are increasingly realizing substantial financial benefits, which is leading to a surge in installation of robots in contemporary manufacturing plants. Integration of robots with production processes help boost productivity, minimizes overheads, offers a high degree of flexibility, increases quality, and reduces waste to a large extent as compared to outcome of manual labor, which consequently propels the market.

italy-industrial-robotics-market.png

Industrial robots have been responsible for the formation of a new ecosystem characterized by lucrative, rewarding, and high-paying jobs. Venture capitalists have opened up to funding companies designing and manufacturing industrial robots. Advancements in artificial intelligence and development of sophisticated sensors are projected to augment the development of self-programming robots.

Browse full research report on Industrial Robotics Market: www.grandviewresearch.com/industry-analysis/industrial-robotics-market             

Further key findings from the study suggest:                                     

  • By 2020, the automotive segment is expected to account for the largest revenue share of approximately 40.0%, which can be attributed to the fact that robots play a vital role in the assembly of vehicles
  • The metal/heavy machinery segment was valued at nearly USD 3.0 billion in 2016. Robots are extensively used in the sector on account of high degree of precision demanded coupled with difficult nature of tasks involved
  • With a revenue of close to USD 16 million in 2016, the Asia Pacific region dominated the industry. Japan and South Korea are expected to continue being dominant country markets in the region
  • Robot industries in Asian countries such as China, Korea, and Taiwan are supported by their respective governments through programs addressing R&D funding, tax incentives, loans, and investment in skills
  • Some of the key players in the market are ABB; Omron Adept Technologies, Inc.; Mitsubishi Electric Corporation; YRG, Inc.; Toshiba Machine Co., Ltd.; and Panasonic Corporation.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/semiconductors                                                                                                                                                                   Grand View Research has segmented the industrial robotics market report into application and region.

Industrial Robotics Application Outlook (Revenue, USD Million, 2014 – 2020)

  • Automotive
  • Electrical/Electronics
  • Metal/Heavy Machinery
  • Chemical, Rubber, & Plastics
  • Food
  • Others

Industrial Robotics Regional Outlook (Revenue, USD Million, 2014 – 2020)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • Italy
    • Spain
    • U.K.
    • France
  • Asia Pacific
    • China
    • Japan
    • Korea
    • Taiwan
  • Rest of World

 Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-industrial-robotics-market                                                                                                                                                                  About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

Head Mounted Display Market Will Be Worth $11,793.3 Million By 2020: Grand View Research, Inc.

The global head mounted display market is expected to reach USD 11,793.3 million by 2020, according to a new study by Grand View Research, Inc. Reducing silicon wafer costs have directly impacted microdisplay prices, which form a sizable percentage of the resultant HMD cost. As a result, declining microdisplay prices coupled with growing demand for wearable, lightweight devices are expected to be key driving forces for the HMD market. Defense services are a key contributor to global demand, wherein head mounted displays aid in security, imaging and tracking.

head-mounted-display-hmd-market.png
North America head mounted display market by end-use (USD Million), 2012 – 2020

Head mounted displays offer high degree of mobility and computing power, which has led to increasing market penetration in the consumer sector. Growing demand from automotive prototyping is expected to be a key opportunity for industry participants. Lack of standardization resulting in design issues may restrain market growth over the next six years. This can be mitigated with the help of establishment of necessary guidelines for HMD production.

Browse full research report on Head Mounted Display Market: www.grandviewresearch.com/industry-analysis/head-mounted-display-hmd-market

Further key findings from the study suggest:                                     

  • Helmet mounted displays accounted for over 60% of the head mounted display market in 2013; these products are expected lose market share due to growing popularity of wearable glass. They are expected to continue enjoying widespread use in defense applications over the next six years.
  • Defense accounted for over 70% of the head mounted display market in 2013, and is expected to remain the dominant end-use segment over the forecast period. HMDs prove highly efficient during training regimes and in locations with poor visibility. Increasing popularity of augmented and virtual reality is expected to drive the consumer segment over the next six years.
  • Training and simulation is expected to continue accounting for majority of the overall market through 2020. This is a result of the growing use of HMDs in medical as well as military training modules.
  • North America accounted for over 35% of the global HMD market in 2013; Asia Pacific is expected to exhibit high growth over the forecast period. Establishment of manufacturing facilities along with technology advancement due to the presence of Japan, South Korea and China is expected to fuel regional market growth.
  • Key companies operating in the market include eMagin Corporation, BAE Systems, Vuzix, Rockwell Collins and Seiko Epson. Major manufacturers have started developing products targeted at entertainment purposes; additionally, geographical expansion is expected to be a key growth strategy.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/display-technologies                 

Grand View Research has segmented the global HMD market on the basis of product, end-use, application and region:

HMD Product Outlook (Revenue, USD Million, 2012 – 2020)

  • Helmet Mounted Display
  • Wearable Glass

HMD End-Use Outlook (Revenue, USD Million, 2012 – 2020)

  • Defense
  • Consumer
    • Augmented Reality
    • Virtual Reality
    • Video Gaming
  • Others

HMD Application Outlook (Revenue, USD Million, 2012 – 2020)

  • Imaging
  • Security
  • Tracking
  • Training & Simulation

HMD Regional Outlook (Revenue, USD Million, 2012 – 2020)

  • North America
  • Europe
  • Asia Pacific
  • RoW

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-head-mounted-display-hmd-market                                                                                                                                                                  About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

U.S. Pigment Dispersion Market Will Reach $7.08 Billion By 2025: Grand View Research, Inc.

The U.S. pigment dispersion market size is expected to reach USD 7.08 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 4.6% during the forecast period. Pigment dispersions are insoluble coloring agents used to impart color to various materials and can be classified into organic and inorganic types. Various pigment dispersions are available in the market and their choice depends on specific applications desirable in end-use industries.

Pigment dispersions contain at least one chemical compound, which absorbs and reflects light in order to impart color to various substrates used. Inorganic pigments constitute titanium dioxide, iron oxide, chrome green, ultramarine blue, carbon black, and others. Inorganic pigments are the widely preferred in various end-use industries as they are abundantly available and inexpensive. However, some inorganic pigments such as lead chromate are considered hazardous upon consumption.

us-pigment-dispersion-market

Among inorganic pigments, titanium dioxide is widely used for imparting white color to food packaging materials such as plastic, paper, and paperboard. Though titanium dioxide and iron oxide are synthetically produced, they are considered non-toxic in many food substance contact applications.

Demand for pigment dispersions is growing on account of increasing food processing industries for aesthetic packaging material as well as rising use of plastic, paper, and paperboard materials in food packaging.

To tap into the existing growth potential, various manufacturers such as BASF Corporation, The Chemours Company, and Tronox Limited have strengthened their presence in the market. Manufacturers such as Lanxess Corporation USA and BASF Corporation are offering a diverse range of pigments that impart yellow, red, and green color to plastic and paper packaging materials.

Browse full research report on U.S. Pigment Dispersion Market: www.grandviewresearch.com/industry-analysis/us-pigment-dispersion-market           

Further key findings from the study suggest:                                     

  • Titanium dioxide is the most commonly used white inorganic pigment in U.S. It is a white powder used in various applications such as plastics, paints and coatings, paper, printing inks, and automotive products, which require brightness and high opacity properties. In terms of revenue, titanium dioxide is expected to exhibit a CAGR of 4.4% from 2017 to 2025
  • Iron oxide is the second largest segment, accounting for a volume share of 31.69% in 2016. Demand for the same is expected to continue increasing over the forecast period
  • Inorganic pigments are employed in food packaging applications, specifically in plastic and paper and paperboard packaging. Inorganic pigments in the plastic industry accounted for a revenue share of 27.22% in 2016
  • Optical properties such as high opacity, tinting strength, and color imparting are of key importance to pigments used in the paper industry. Standard papers require low opacity and whiteness, whereas decorative papers require high opacity and weathering properties.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/paints-coatings-and-printing-inks                                                                                                                                                                  Grand View Research has segmented the U.S. pigment dispersion market on the basis of type and application:

U.S. Pigment Dispersion Type Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)

  • Inorganic Pigments
    • Calcium Carbonate
    • Titanium Dioxide
    • Iron Oxide
    • Carbon and Vegetable Black
    • Ultramarine Blue
    • Chrome Green
  • Organic Pigments
  • Others

U.S. Pigment Dispersion Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)

  • Plastic
    • Packaging
      • Plastic Food Packaging
      • Plastic Coatings for Paper & Paperboard Food Packaging
      • Other Packaging
    • Others
  • Paper & Paperboard
    • Paper & Paperboard Food Packaging
  • Inks

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/us-pigment-dispersion-market-analysis                                                                                                                                                                  About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

Epigenetics Market Is Set To Garner Staggering Revenues By 2022

The global epigenetics market is expected to reach USD 16.31 billion by 2022, according to a new report by Grand View Research, Inc. Growing worldwide prevalence of cancer and other diseases with epigenetic modification base is expected to drive market growth during the forecast period.

Diagnostic companies are coming up with new products such as antibodies specific for the detection of modifications and new upgraded kits for easy and efficient detection of biomarkers. This is expected to attract pharmaceutical companies to collaborate for the development of therapeutic drugs.

Presence of pipeline drugs and their expected commercialization is anticipated to boost penetration rates over the forecast period. For instance, Ramucirumab (Cyramza) by Eli Lilly and Company was approved by the FDA for use in combination with Folfiri for the treatment of patients with metastatic colorectal cancer.

Technology advancements in the field of epigenetics especially pertaining to the detection of methylation markers related to cancer development is expected to improve usage rates during the forecast period. For instance, Epi proLung BL Reflex Assay by Epigenomics helps in the diagnosis of lung cancer by determining methylation of SHOX2 biomarker gene.

Browse full research report on Epigenetics Market: www.grandviewresearch.com/industry-analysis/epigenetics-market            

Further key findings from the study suggest:                                     

  • Epigenetic reagents was the largest market valued at over USD 1.2 billion in 2014 owing to the increasing amount of R&D investments and high consumption rates. Kits are expected to gain rapid growth in demand due to the increasing need of rapid and accurate detection techniques.
  • DNA methylation was the largest technology segment accounting for over 47.0% revenue in 2014. The introduction of technological advancement such as Methylation Sensitive PCR (MSP) and rapid adoption of these products to improve diagnostics efficiency are some factors attributing for its largest share.
  • Oncology was the largest application market, with revenue valued at over USD 2.75 billion. Growing prevalence of cancer with epigenetic modification base and strong product pipeline are some factors attributing to its market position.
  • Non oncology segment is anticipated to register the fastest growth of over 20.0% during the forecast period. The segment is dominated by metabolic diseases owing to, the growing base of population suffering from diabetes and organ failure and increasing prevalence of sedentary lifestyle.
  • North America was observed to be the largest regional epigenetics market accounting for over 38.0% of the overall revenue, due to factors such as the increasing cancer prevalence, increasing amount of funding for R&D, growing collaborations between large pharmaceutical firms for development of improved therapeutics, high patient awareness levels.
  • The Asia Pacific market is estimated to witness lucrative growth over the forecast period owing to, the presence of large prevalence of target diseases and high unmet medical needs
  • Some key players of the epigenetics market include Illumina, Abcam, Diagenode, Thermo Fisher Scientific, Merck, Zymo research, Qiagen, CellCentric Ltd, Chroma Therapeutics Ltd, Eisai Co. Ltd, Novartis International AG, Oncolys Biopharma Inc., Syndax Pharmaceuticals, Inc., Valirx Plc and Sigma-Aldrich Corporation.
  • Extensive R&D initiatives aimed at the development of novel drugs and the presence of strong product pipeline is expected to further boost market growth over the forecast period.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/medical-devices                                                                                                                                                                                                            

Grand View Research has segmented the global epigenetics market on the basis of product, technology, application and region:

Epigenetics Product Outlook (Revenue, USD Million, 2015 – 2022)

  • Reagents
  • Kits
  • Instruments
  • Enzymes
  • Services

Epigenetics Technology Outlook (Revenue, USD Million, 2015 – 2022)

  • DNA Methylation
  • Histone Methylation
  • Histone Acetylation
  • Large noncoding RNA
  • MicroRNA Modification
  • Chromatin structures

Epigenetics Application Outlook (Revenue, USD Million, 2015 – 2022)

  • Oncology
    • Solid Tumors
    • Liquid Tumors
  • Non Oncology
    • Inflammatory Diseases
    • Metabolic Diseases
    • Infectious Diseases
    • Cardiovascular Diseases

Epigenetics Market  Regional Outlook(Revenue, USD Million, 2015 – 2022)

    • North America
      • U.S.
      • Canada
    • Europe
      • UK
      • Germany
    • Asia Pacific
      • Japan
      • China
      • India
    • Latin America
      • Brazil
      • Mexico
    • Middle East and Africa (MEA)
      • South Africa

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-epigenetics-market                                                                                                                                                                            

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

Pico Projector market Is Poised To Reach Around $2.39 Billion By 2022: Grand View Research, Inc.

The global pico projector market is expected to reach USD 2.39 billion by 2022, according to a new study by Grand View Research, Inc. Smartphone proliferation coupled with high convenience when integrated with portable electronic devices is anticipated to elevate demand. Technological advancements have resulted in enhanced contrast ratio and high pixel quality. Portability and compatibility with Wi-Fi, WiMax, and 3G/4G technologies offered by these products is estimated to drive industry growth.

pico-projector-industry.png
U.S. pico projector market by product, 2012 – 2022 (USD Million)

Pico projectors have the ability to project content from mobile and other electronic devices onto a wall, notebook, or portable projection screens. Strong economic growth coupled with rising consumer disposable income may catalyze adoption particularly in consumer electronics and automobiles. Increasing adoption of smart devices and the advent of Internet of Things (IoT) may catapult demand over the next few years. The industry is poised for growth due to expanding application areas and increasing demand for mobility across all sectors. Growing adoption of Bring Your Own Device (BYOD) policies in the corporate sector may also spur product demand.

Browse full research report on Pico Projector Market: www.grandviewresearch.com/industry-analysis/pico-projector-industry           

Further key findings from the study suggest:                                     

  • Embedded devices accounted for over 35% of the overall revenue in 2014, and are expected to witness significant growth over the forecast period owing to widespread usage in portable consumer electronics. Smartphone proliferation is another factor driving growth over the forecast period.
  • USB pico projector industry is estimated to exhibit rapid growth over the coming years attributing to rising demand across several application areas including aerospace & defense, automotive, business & education, consumer electronics, and healthcare. The standalone segment is anticipated to lose volume share owing to issues such as low brightness and high cost associated with these devices.
  • LBS technology segment is expected to witness significant growth over the coming years owing to several benefits offered by this technology type including better image quality and relatively high brightness which may result in enriched customer experience.
  • North America accounted for over 30% of the overall revenue in 2014. This may be primarily attributed to early technology adopters ensuring faster projector adoption in the region. Asia Pacific pico projector market is estimated to witness substantial growth over the coming years owing to rising consumer disposable income paired with growing demand for portable consumer electronics in the region.
  • Key players in the industry include 3M, AAXA Technologies, Microvision Inc., Samsung Electronics Co. Ltd., Sony Corporation, STMicroelectronics N.V., Texas Instruments, and Coretronic Corporation. Industry participants strive to develop products with enhanced image quality, resolution and brightness. Prominent players also emphasize on developing new generation HD micro-display chips for enhancing product offering.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/electronic-devices                  

Grand View Research has segmented the global pico projector market on the basis of product, technology, application and region:

Pico Projector Product Outlook (Volume, Thousand Units & Revenue, USD Million; 2012 – 2022)

  • Embedded Projector
  • Standalone Projector
  • Media Player Projector
  • USB Projector
  • Laser Projector

Pico Projector Technology Outlook (Volume, Thousand Units & Revenue, USD Million; 2012 – 2022)

  • Digital Light Processing (DLP)
  • Laser Beam Steering (LBS)
  • Liquid Crystal on Silicon (LCoS)
  • Holographic laser projection

Pico Projector Application Outlook (Volume, Thousand Units & Revenue, USD Million; 2012 – 2022)

  • Consumer electronics
  • Aerospace & defense
  • Healthcare
  • Others

Pico Projector Regional Outlook (Volume, Thousand Units & Revenue, USD Million; 2012 – 2022)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-pico-projector-market                                                           

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

Lightweight Materials Market  Expanding at CAGR of 8.9% from 2013 to 2024

The global lightweight materials market size is expected to reach USD 225.3 billion by 2024, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 8.9% during the forecast period. Rising material innovation in aviation is expected to improve demand for lightweight materials.

The design of an aircraft must take into consideration a number of factors, such as life-cycle cost, strength-to-weight ratio, fatigue life, fracture toughness, corrosion resistance, and reliability. The importance of these factors governs the choice of materials used in the manufacture of aircraft.

north-america-lightweight-materials-market

Initially, metals were used to manufacture aircraft as they provide necessary tensile strength to the aircraft. The invention of drones or fighter planes with good aerodynamic balance and fuel efficiency has led to usage of lightweight materials in the aviation industry.

The lightweight materials market is dominated by aluminum, high strength steel, and polymers & composites and are expected to continue doing so in future. Their increased application in various fields is expected to augment demand.

Currently, high strength steel and aluminum are more popular; however, polymers and composites are expected to gain more popularity on account of reduction in prices and increased production of polymers and composites.

Alumina, iron ore, nickel, rutile, and polyacrylonitrile are key raw materials used for manufacturing lightweight materials. These raw materials are further processed to obtain lightweight materials. alumina, rutile, iron ore, and nickel are naturally found in ores whereas polyacrylonitrile, which is one of the major raw materials for carbon composites, is manufactured from petroleum.

Browse full research report on Lightweight Materials Market: www.grandviewresearch.com/industry-analysis/lightweight-materials-market          

Further key findings from the study suggest:                                     

  • The global lightweight materials market is anticipated to reach 61,925.6 kilotons by 2024, at a CAGR of 8.3% from 2015 to 2022
  • In terms of revenue, the high strength steel segment is projected to ascend at a CAGR of 10.2% over the forecast period
  • The automotive application dominated the global lightweight materials market with a share of over 86.0% in 2015
  • The North America lightweight materials market is anticipated to exceed 12,377.7 kilotons by 2024
  • Europe is projected to witness a remarkable CAGR of 8.2% over the forecast, owing to increasing investments in the energy sector
  • Asian countries, especially India and China, are expected to observe remarkable growth in next few years
  • The market is partially consolidated and competitive in nature, with strong presence of multinational players
  • Some of the key companies in the market are Guardian Industries; Cytec Solvay Group; SABIC; Formosa Plastics; Alcoa Inc.; Allegheny Technology Incorporated; Aleris International; and Covestro LLC.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials                                                                                                                                                                  Grand View Research has segmented the global lightweight materials market on the basis of product, application, and region:

Lightweight Materials Product Outlook (Volume, Kilotons; Revenue, USD Million, 2013 – 2024)

  • Aluminum
  • High Strength Steel
  • Titanium
  • Magnesium
  • Polymers & Composites
  • Others

Lightweight Materials Application Outlook (Volume, Kilotons; Revenue, USD Million, 2013 – 2024)

  • Automotive
  • Aviation
  • Energy
  • Other

Lightweight Materials Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2013 – 2024)

  • North America
    • U.S.
  • Europe
    • Germany
  • Asia Pacific
    • China
  • Latin America
    • Brazil
  • Middle East & Africa

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-lightweight-materials-market                                                                                                                                                                  About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com