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Global aerospace materials market estimated to experience a hike in growth

Global aerospace materials market estimated to experience a hike in growth

The Global Aerospace Materials Market accounted for USD 17.35 billion in 2016 and is projected to grow at a CAGR of 6.7% during the forecast period of 2017 to 2024.

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The upcoming market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Complete report on Global Aerospace Materials Market Research Report 2017-2024 spread across 350 Pages, profiling Top companies and supports with tables and figures

Global Aerospace Materials Industry 2017 Market Research Report focuses on price, sales, revenue and growth rate of each type, as well as the types and each type price of key manufacturers, through interviewing key manufacturers. Second on basis of segments by manufacturers, this report focuses on the sales, price of each type, average price of Credit Insurance, revenue and market share, for key manufacturers.

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Market Definition: Global Aerospace Materials Market

Aerospace materials are characterized by high strength, heat resistance, and long term reliability. These materials have to pass international quality standards in order to be used in aircraft manufacturing.

Growing commercial airline industry has played a key role in the growth of this market. The aircraft industry is dominated by Airbus and Boeing, which occupy the majority of the market.

Some of the major players operating in this market are

  • BASF SE
  • Du Pont
  • ASM Advanced Metallurgical Group
  • Toray Industries, Inc.
  • Cytec Solvay Group
  • Alcoa Corporation
  • TEIJIN LIMITED
  • AMG N.V
  • KOBE STEEL LIMITED
  • ATI, Hexcel Corporation
  • TATA Advanced Materials Limited
  • Hindalco-Almex Aerospace Limited
  • Materion Corporation
  • SGL Group
  • Constellium
  • Aleris Inc.
  • Koninklijke Ten Cate NV
  • Sofitec and Kaiser Aluminum

Major Market Drivers:

  • Rising demand of efficient and light weighted aircraft
  • Increase in low cost air travel
  • Advancements in composites

 Restraints:

  • Reduced defense spending in developed economies
  • Limited range of materials options

Customize report of "Global Aerospace Materials Market" as per customers requirement also available.

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Market Segmentations:

Global Aerospace Materials Market is segmented on the basis of  

  • Type
  • Aircraft Type
  • Geography

Market Segmentations in Details:

On the basis of Type, global aerospace materials market is segmented into revenue pocket matrix, steel alloys, aluminum alloys, super alloys, titanium alloys and composite materials.

On the basis of Aircraft Type, global aerospace materials market is segmented into commercial, business & general aviation, military and helicopters

On the basis of Geography,

  • North America
  • South America
  • Europe
  • Asia-Pacific
  • Middle East & Africa

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Company Share Analysis: Global Aerospace Materials Market

The global aerospace materials market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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