According to a new report published by Data Bridge Market Research, titled, 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
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.
Global Aerospace Materials Market By Type (Steel Alloys, Aluminum Alloys, Super Alloys, Titanium Alloys, Composite Materials) Aircraft Type (Commercial, Business & General Aviation, Military, Helicopters)
- 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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- 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 ofaircraft type, global aerospace materials market is segmented into commercial, business & general aviation, military and helicopters.
- On the basis of geography, global aerospace materials market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
- BASF SE,
- Du Pont,
- ASM Advanced Metallurgical Group,
- Toray Industries, Inc.,
- Cytec Solvay Group,
- Alcoa Corporation,
- TEIJIN LIMITED,
- AMG N.V,
- KOBE STEEL LIMITED,
- Hexcel Corporation,
- TATA Advanced Materials Limited,
- Hindalco-Almex Aerospace Limited,
- Materion Corporation,
- SGL Group,
- Aleris Inc.,
- Koninklijke Ten Cate NV,
- Kaiser Aluminum
Find More Compititor In TOC With Profile Overview Share databridgemarketresearch.com/toc/?…-materials-market
The global databridgemarketresearch.com/repor…-materials-market 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.
Key Points Find In Report :
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 5 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
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