Global Lightweight Materials Market Size & Outlook
The global lightweight materials market size was estimated at USD 197,050.2 million in 2024 and is projected to reach USD 339,836.0 million by 2030, growing at a CAGR of 9.6% from 2025 to 2030.
Revenue, 2024 (US$M)
$197,050.2
Forecast, 2030 (US$M)
$339,836.0
CAGR, 2025 - 2030
9.6%
Report Coverage
Worldwide
Global lightweight materials market, 2018-2030 (US$M)
Related Markets
Global lightweight materials market highlights
- The global lightweight materials market generated a revenue of USD 197,050.2 million in 2024 and is expected to reach USD 339,836.0 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 9.6% by 2030.
- In terms of segment, polymers & composites accounted for a revenue of USD 166,671.2 million in 2024.
- High Strength Steel is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, China is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 197,050.2 million |
| Market revenue in 2030 | USD 339,836.0 million |
| Growth rate | 9.6% (CAGR from 2025 to 2030) |
| Largest segment | Polymers & composites |
| Fastest growing segment | High Strength Steel |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Aluminum, High Strength Steel, Titanium, Magnesium, Polymers & Composites |
Other key industry trends
- In terms of revenue, the North America accounted for 21.7% of the global lightweight materials market in 2024.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, China is the fastest growing regional market and is projected to reach USD 97,038.6 million by 2030.
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Lightweight Materials Market Scope
Lightweight materials market segmentation & scope
Lightweight Materials Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Precision Castparts | View profile | 10001+ | Portland, Oregon, United States, North America | http://precast.com |
| Alcoa | View profile | 10001+ | Pittsburgh, Pennsylvania, United States, North America | http://alcoa.com |
| Formosa Plastics Group | View profile | 1001-5000 | Taipei, T'ai-pei, Taiwan, Asia | https://www.fpg.com.tw/ |
| Aleris International | View profile | 5001-10000 | Cleveland, Ohio, United States, North America | http://aleris.com |
| SABIC | View profile | 10001+ | Riyadh, Ar Riyad, Saudi Arabia, Asia | http://www.sabic.com |
| PPG Industries Inc | View profile | 53000 | One PPG Place, Pittsburgh, PA, United States, 15272 | https://www.ppg.com |
| Solvay SA | View profile | 9000 | Rue De Ransbeek, 310, Brussels, Belgium, B-1120 | https://www.solvay.com |
| Novelis | View profile | 10001+ | Atlanta, Georgia, United States, North America | http://novelis.com |
| Toray Industries Inc | View profile | 48682 | Nihonbashi Mitsui Tower 2-1-1, Nihonbashi Muromach, Chuo-ku, Tokyo, Japan, 103-8666 | http://www.toray.co.jp |
| Bayer AG | View profile | 99723 | Kaiser-Wilhelm-Allee 1, Leverkusen, NW, Germany, 51368 | https://www.bayer.com |
| Evonik Industries AG | View profile | 33409 | Rellinghauser Strasse 1-11, Essen, NW, Germany, 45128 | https://www.evonik.com |
Global lightweight materials market size, by regions, 2018-2030 (US$M)
Top 10 countries: Lightweight materials market size, 2024 (US$M)
Global lightweight materials market share, by application, 2024 & 2030 (%, US$M)
Lightweight materials market: Opportunity assessment by country
Global lightweight materials market, by region, 2024 (US$M)
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