Transparency Market Research (TMR) has released a market study detailing the global lightweight materials market from 2014 to 2020. The report is titled “Lightweight Materials Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020” and states that the market for lightweight materials will reach a valuation of US$186.3 bn by 2020, increasing from US$126.3 bn in 2013 at a modest CAGR of 5.80% from 2014 to 2020. By volume, the said market amounted to 54,340.3 mn kg in 2013. The report states that the market for lightweight materials receives major demand from the transportation sector. The use of lightweight materials such as aluminum, titanium, and composites in aircraft helps in revenue generation, due to the increased payload capacity and enhanced energy efficiency of the aircraft.Increasing environmental concerns across the globe associated with carbon emissions from vehicles are driving the demand for lightweight materials in the aut...
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