The Global Aerospace Materials market was valued at USD 17.50 billion in 2021 and is expected to reach USD 26.66 billion by the year 2028, at a CAGR of 6.2%.
Aerospace materials are referred to as the materials which are utilized by the aircraft OEMs & component producers for creating various aircraft parts. The materials applied in airplane design have been constantly developing. Prior flights were primarily built of spruce and ash wood with muslin covering the wings, while today's airliners are produced mostly of aluminium with some structure made from steel. Aluminium is thin, technically developed in terms of forming and alloying, and it is relatively cheap cost, especially when compared to other composites hence providing effective aerodynamic features to the airplane. Furthermore, materials such as titanium alloys, steel alloys, superalloys, aluminium alloys, and composite materials are utilized to manufacture aircraft.
Top Company Profiles Include in Aerospace Materials Market report:
Carpenter Technology Corporation (US), Constellium SE (France), Rio Tinto Group (UK), Toray Industries Inc. (Japan), Alcoa Corporation (US), Teijin Limited (Japan), Hexcel Corporation (US), AMG N.V. (Netherlands), NOVELIS (US), Hexcel (US), Aleris Corporation (US), Arconic Inc. (the US), Allegheny Technologies Incorporated (US), ATI Metals (US), Kaiser Aluminium (US), VSMPO-AVISMA Corporation (Russia), Kobe Steel Ltd. (Japan), TIMET (Berkshire Hathaway Inc.) (US), DuPont de Nemours Inc. (the US), and others Major Players.
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Geographical, the Market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is expected to be one of the largest Markets for Aerospace materials during the forecast period. The U.S. is the major consumer of aerospace materials and the presence of top aircraft manufacturers such as Lockheed Martin, , and others in the region are driving the market growth. The objective of the report is to present comprehensive analysis of the Global market including all the stakeholders of the industry. The Past and current status of the industry with fore casted market size and trends are presented in the report with analysis of complicated data in simple language. The Report Covers all the Aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region.
By Type
- Steel Alloys
- Titanium Alloys
- Aluminium Alloys
- Super Alloys
- Plastics
- Others
By Aircraft Type
- Commercial Aircraft
- Business & General Aviation
- Military Aircraft
- Helicopters
- Rotorcrafts
- Others
By Application
- Structural Frames
- Cabin Interiors
- Propulsion System
- Others
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The Aerospace Materials Market on the basis of aircraft type has been categorized into commercial aircraft, military aircraft, business & general aviation, helicopters, and others. Commercial aircraft segment is expected to hold one of the largest shares of the market during the forecast period. This growth is attributed to the increasing passenger transport and a rise in demand for commercial aircraft. Major driving factors of the Aerospace Materials Market are increasing demand for aircraft, key players are focusing on compositing solutions to meet the need to reduce weight and raise the fuel efficiency, and aerospace industry is aiming to introduce innovation solution to save cost and time.
Region and country level analysis:
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Materials used for Aerospace ApplicatIion are known as Aviation Materials Because they have improv their qualities like as high tensile strength, improved transparency, higest temperature endurance, and solid surface. To build airplane parts including windows, interiors, engine parts, mirrors, propulsion systems, and ceilings, aviation producers are eschewing traditional metals in favor of substances like sophisticated polymers or glass or carbon-based fiber composites.The increased need for lightweight and fuel-efficient airplanes is one of the reason propelling the expansion of the global aviation equipment markets. As a result of the aircraft's lighter weight, the operating expenses of the journey are greatly lowered, and the aircraft operator profit from the greater fuel Economy.
Table of Content
Chapter 1: Introduction
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
Chapter 4: Market Landscape
Chapter 5: Aerospace Materials Market by Type
Chapter 6: Aerospace Materials Market by Aircraft Type
Chapter 7: Aerospace Materials Market by Application
Chapter 8: Company Profiles and Competitive Analysis
Chapter 9: Global Aerospace Materials Market Analysis, Insights and Forecast, 2016-2028
Chapter 10: North America Aerospace Materials Market Analysis, Insights and Forecast, 2016-2028
Chapter 11: Europe Aerospace Materials Market Analysis, Insights and Forecast, 2016-2028
Chapter 12: Asia-Pacific Aerospace Materials Market Analysis, Insights and Forecast, 2016-2028
Chapter 13: Middle East & Africa Aerospace Materials Market Analysis, Insights and Forecast, 2016-2028
Chapter 14: South America Aerospace Materials Market Analysis, Insights and Forecast, 2016-2028
Chapter 15 Investment Analysis
Chapter 16 Analyst Viewpoint and Conclusion
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