The global lightweight materials market could reach USD 237.1 billion by 2026, according to a report by Polaris Market Research.
The expanding global automotive industry, along with increasing modernization of vehicles will drives market growth, according to Polaris. The adoption of lightweight materials has also increased due to demand from aviation industry, and greater use of lightweight materials in manufacturing of aircraft modules. Other factors driving growth of include growing penetration of electric vehicles, technological advancements, and significant investments in R&D.
This story uses material from Polaris, with editorial changes made by Materials Today.
