Allied Market – WireUp

Allied Market Research published a report, titled, “Lightweight Materials Market by Type (Metal Alloys, Composites, Polymers), by Application (Automotive, Aerospace, Wind, Marine, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030.” According to the report, the global lightweight materials industry was estimated at $168.1 billion in 2020, and is anticipated to hit $261.6 billion by 2030, registering a CAGR of 4.5% from 2021 to 2030.

Drivers, restraints, and opportunities-

Increase in disposable income, technological upgrades, rise in new product developments, and surge in number of original equipment manufacturers (OEMs) and aftermarkets led the automobile sector to witness a significant growth, which in turn drives the global lightweight materials market. On the other hand, rapid fluctuations in raw material prices and high cost of carbon fiber restrict the use of lightweight materials in various end-use industries, including automotive, aircraft manufacturing, wind turbines, and marine, which impedes the growth to some extent. However, surge in awareness of environment-friendly activities heightened the popularity of electric vehicles in both developed and developing countries, thus creating lucrative opportunities in the industry.

Request PDF Brochure: https://www.alliedmarketresearch.com/request-sample/1721

Covid-19 Scenario-

The global lightweight materials market was negatively impacted during the pandemic, owing to its high dependency on sectors such as aerospace, automotive, and marine.
Nevertheless, as the global situation is getting better, the market is anticipated to get back on track soon.

The metal alloys segment to dominate by 2030-

Based on type, the metal alloys segment accounted for more than three-fifths of the global lightweight materials market share in 2020, and is anticipated to rule the roost by 2030. Rise in demand for adhesives manufacturing tapes & labels, general-purpose repair, gift wrapping & decoration, and heavy-duty carton sealing propels the growth of the segment. The composites segment, however, would cite the fastest CAGR of 5.4% throughout the forecast period. Increasing demand for composites from building & construction, automotive, transportation, and other end-use sectors drives the segment growth.

Get Detailed COVID-19 Impact Analysis on the Lightweight Materials Market at https://www.alliedmarketresearch.com/request-for-customization/1721?reqfor=covid

The automotive segment to maintain the dominant share-

Based on application, the automotive segment held around four-fifths of the global lightweight materials market revenue in 2020, and is expected to lead the trail by 2030, owing to rise in middle-class income and surge in the young population across the world. The aerospace segment, on the other hand, would manifest the fastest CAGR of 4.7% from 2021 to 2030. This is due to the fact that both developed and developing economies are constantly engaged in upgrading their fighter jets with modern armor facilities where lightweight materials are widely used to enhance the avionics and mileage of fighter jets.

Asia-Pacific garnered the major share in 2020-

Based on region, Asia-Pacific held the major share in 2020, generating more than three-fifths of the global lightweight materials market. The same region would also grow at the fastest CAGR of 5.2% by 2030. This is attributed to the increasing demand for lightweight materials in the automotive, marine, aircraft, and wind turbine industries in Asia-Pacific.

Key players in the industry-

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

Interested in Procuring This Report? Visit Here:
https://www.alliedmarketresearch.com/lightweight-material-market/purchase-options

Avenue Basic Plan | Library Access | 1 Year Subscription |

Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenueTrial

Get more information: https://www.alliedmarketresearch.com/library-access

Battery Materials Market: Global Opportunity Analysis and Industry Forecast, 2021–2030

OLED Materials Market: Global Opportunity Analysis and Industry Forecast, 2017-2023

Reinforcement Materials Market: Global Opportunity Analysis and Industry Forecast 2020–2030

Insulation Materials Market: Global Opportunity Analysis and Industry Forecast, 2021–2030

Allied Market Research published a report, titled, “Farro Market by Type (Whole Grain Farro and Semi Pearled & Pearled Farro), Nature (Organic and Conventional), and Distribution Channel (Online and Offline): Global Opportunity Analysis and Industry Forecast, 2021–2030.” According to the report, the global farro industry generated $178.9 million in 2020, and is expected to reach $513.8 million by 2030, witnessing a CAGR of 10.1% from 2021 to 2030.

Drivers, restraints, and opportunities

Increase in demand for food applications, consumer preference for clean label food products sources, and rise in demand for convenience food drive the growth of the global farro market. However, lower yields in comparison to other grains hinder the market growth. On the other hand, surge in demand for organically-sourced faro creates new opportunities in the coming years.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/14248

Covid-19 Scenario

The supply chain in the farro industry was disrupted due to lockdown restrictions and ban on import-export activities. This reduced the overall revenues in the industry.
Moreover, offline distribution channels such as supermarkets and hypermarkets were closed due to lockdown. Many people preferred online shopping for availing farro.
The demand for nutritional content grew during the Covid-19 pandemic. However, the supply-demand gap emerged due to lockdown restrictions. However, this gap is expected to reduce post-lockdown.

The whole grain farro segment to continue its lead position during the forecast period

Based on type, the whole grain farro segment accounted for the highest share in 2020, contributing to nearly two-thirds of the global farro market, and is expected to continue its lead position during the forecast period. This is due to better nutritional profile as compared to other types and preference for fresh and natural ingredient-containing food products. However, the pearled and semi-pearled farro segment is estimated to manifest the highest CAGR of 11.8% from 2021 to 2030, owing to rise in adoption for culinary applications for its fast cooking time.

The offline segment to maintain its leadership position throughout the forecast period

Based on distribution channel, the offline segment held the largest share in 2020, contributing to around two-thirds of the global farro market, and is estimated to maintain its leadership position throughout the forecast period. This is due to high visibility and attractive assortment of grains in the supermarket and seamless shopping experience, organized assortment, clean environment, and friendly service at hypermarkets. However, the online segment is projected to portray the fastest CAGR of 11.9% from 2021 to 2030, owing to rise of social media platforms, establishment of online shopping portals for food products, and convenience for consumers.

North America to grow at the fastest rate by 2030

Based on region, North America is expected to register the fastest CAGR of 11.9% during the forecast period. This is attributed to rise in inclination toward Italian food, preference for health-conscious products with lifestyle changes, and concerns about animal welfare, sustainable food supply, and the environment. However, Europe contributed to the highest market share in 2020, holding more than two-fifths of the global farro market, and is expected to maintain its dominance in terms of revenue by 2030. This is due to huge cultivation in Italy, interest in farro’s nutritional content, attention to local traditions and ancient foods from consumers, and initiatives for agrobiodiversity conservation and diversification of cropping systems.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/14248

Leading market players