Advanced Ceramics / Ceramic Industry News

Lightweight Materials for Transportation Market Expected to Increase

June 22, 2011
/ Print / Reprints /
ShareMore
/ Text Size+

The global market value for lightweight materials used in transportation equipment was an estimated $95.5 billion in 2010. The market is expected to increase to nearly $125.3 billion in 2015, for a five-year compound annual growth rate (CAGR) of 5.6%. According to a new report, “Lightweight Materials in Transportation,” the consumption of these materials is projected to reach 67.7 million tons in 2015 after rising at a CAGR of 7.7% from its 2010 figure of 46.7 million tons.

Reducing structural weight is one of the most important ways of reducing fuel consumption and improving the performance of motor vehicles and other types of transportation equipment. For example, an estimated 75% of the average motor vehicle’s fuel consumption is directly related to factors associated with vehicle weight.

Less weight, consistent with other performance and safety requirements, means more useful work can be extracted from a unit of fuel or other energy source. In addition, weight-reducing technologies are critical to the success of new, highly efficient energy technologies such as hybrid vehicles.

The alternative to downsizing is the development of materials that combine relatively low mass (weight) with the requisite strength, flexibility, and other performance criteria. The aircraft industry was the first to introduce lightweight materials (e.g., aluminum alloys) on a widespread scale beginning in the 1920s. This continues today with the adoption of lightweight composite materials.

For more information, visit www.bccresearch.com.

Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

June 2014 Issue Highlights

Our June 2014 issue is now available!

Podcasts

Manufacturing Day 2014

Manufacturing Day organizers share their insights with Managing Editor Kelsey Seidler.

More Podcasts

Ceramic Industry Magazine

CI September 2014 cover

2014 September

You won't want to miss the CI Top 10, traditionally our most popular article of the year!

Table Of Contents Subscribe

THE CERAMIC INDUSTRY STORE

M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Directories

CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!

STAY CONNECTED

facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px