Global Aerospace Materials Market By Type (Steel Alloys, Aluminum Alloys, Super Alloys, Titanium Alloys, Composite Materials) Aircraft Type (Commercial, Business & General Aviation, Military, Helicopters) – Industry Trends and Forecast to 2024
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.
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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. 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.
Complete report on Global Aerospace Materials Market Research Report 2017-2024 spread across 350 Pages, profiling Top companies and supports with tables and figures
Key Questions Answered in Global Aerospace Materials Market Report:-
Our Report offers:-
- What will the market growth rate, Overview and Analysis by Type of Global Aerospace Materials Market in 2024?
- What are the key factors driving, Analysis by Applications and Countries Global Aerospace Materials Market?
- What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global Aerospace Materials Market?
- Who are Opportunities, Risk and Driving Force of Global Aerospace Materials Market?
- Who are the opportunities and threats faced by the vendors in Global Aerospace Materials Market? Business Overview by Type, Applications, Gross Margin and Market Share
- What are the Global Aerospace Materials Market opportunities, market risk and market overview of the Market?
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Top Key Players
- 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
- 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
- Reduced defense spending in developed economies
- Limited range of materials options
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Global Aerospace Materials Market is segmented on the basis of
- Aircraft Type
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
- Middle East & Africa
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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