The global aerospace material market has witnessed a substantial growth in recent years. The growing demand for fuel efficient aircrafts coupled with the rise in the low-cost carriers worldwide are the key factors fuelling the growth of the aerospace material market. In addition, new aircraft manufactures are cropping up in Asia-Pacific and Latin America, which in-turn will help the market for aerospace material to grow at a substantial rate during the forecast period.
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Commercial aircraft segment is expected to lead the aerospace material market during the forecast period owing to the rise in the passenger traffic especially in emerging economies coupled with growing demand for commercial aircrafts. On the basis of type, aluminium alloys are projected to lead the aerospace material market during forecast period because of properties such as increased strength and low-fatigue.
Asia-Pacific region is expected to grow at the fastest rate in the global aerospace materials market. The key factor fuelling the growth of the aerospace material market in the region is the increase in the aircraft deliveries as well as growing passenger traffic. The rise in the GDP growth rate coupled with increase in the disposable income in the Asia-Pacific region is estimated to propel the growth of the aerospace material market.
This research report on aerospace material market provides in-depth analysis of the global market based on type, aircraft type and major geographies for the period from 2016 to 2021. The report highlights the major market drivers pushing the growth and challenges faced by market participants. The research report provides market size and forecast for aerospace material market. The report also analyses the competitive landscape and the major player and their market share in 2016. The competitive landscape section of the report also captures and highlights the recent development in the market.
The report also profiles the major companies active in this field, including Alcoa Corporation, ATI Metals, Constellium N.V., Cytec Solvay Group, DuPont, Kobe Steel Ltd., Toray Industries Inc., Tejin Ltd., Aleris Inc., AMG Advanced Medical Group
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Key questions this research would answer:
• Is the aerospace material market growing? How long will it continue to grow and at what rate?
• What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
• What are the regional revenue and forecast breakdowns? What are the regional hotspots for growth in the aerospace material market?
• How the penetration of different type of aerospace material is changing in the overall aerospace material market and what is driving this change?
The global aerospace material market is segmented on the basis of type, aircraft type and geography:
Global Aerospace Material Market by Type
• Aluminium Alloys
• Titanium Alloys
• Super Alloys
• Steel Alloys
Global Aerospace Material Market by Aircraft Type
• Commercial Aircraft
• Business, General and Personal Aviation
• Helicopter (Civil & Military)
• Military Aircraft
Global Aerospace Material Market by Region
• North America
Global Aerospace Material Market Competitive Landscape
• Major Players and their Market Share Analysis
• New product launches
• Mergers and acquisitions
• Collaborations, partnerships, agreements and joint ventures
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This post was originally published on Industry Updates Daily