Thursday, 29 June 2017

Aerospace Materials Market: Global Industry Analysis,Trends and Forecast 2025

A new research report by Transparency Market Research offers a comprehensive evaluation of the global Aerospace Materials Market. The study, titled Aerospace Materials Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025, is available for sale on the firm’s website.

Aerospace materials are generally metal alloys that have either gained prominence or have been developed for the aerospace industry. These materials should possess properties such as heat resistance, strength, and light weight. Furthermore, fatigue resistance and corrosion resistance are the must-have properties for these materials. Aluminum was the most widely used material during the early phase of the aerospace manufacturing industry due to its exceptional light weight, state of the art, and inexpensive nature. As much as 70% of the aircraft was made from aluminum. Its ready availability made it applicable everywhere from engine components to fuselage. Extensive research & development made opportunities for other alloys and composites that can be used as aerospace materials and are more efficient than aluminum. Other composites and alloys include graphite, titanium, fiberglass, honeycomb materials, and carbon fiber reinforced polymers.

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In terms of material type, the market for aerospace materials can be segmented into steel, aluminum, titanium, super, composites, and others. In terms of aircraft type, the market for aerospace materials can be segregated into helicopters, commercial aircrafts, business & general aviation, military aircrafts, and others.

The market for aerospace materials is anticipated to witness robust expansion due to the increment in passenger transportation. Increased passenger transport is estimated to boost the demand for aircraft. This, in turn, is projected to inadvertently augment the expansion of the aerospace materials market during the forecast period. In terms of material type, aluminum alloys segment held a prominent share of the market in 2016. The segment is projected to witness robust expansion in the near future due to its exceptional fatigue resistance and strength. However, the evolution of composite materials and their increasing demand can act as a restraint for the expansion of the aluminum alloys segment of aerospace materials in the near future. In terms of aircraft type, the commercial aircraft segment held a significant share of the market in 2016. Increase in passenger transport is a key factor boosting the expansion of the commercial aircraft segment. Increasing air traffic is fueling the demand for commercial aircraft, which in turn is likely to propel the expansion of the aerospace materials market during the forecast period.

In terms of geography, North America held a significant share of the aerospace materials market in 2016 and is anticipated to expand considerably in the near future. The market for aerospace materials is anticipated to expand in the region due to the significant investment in research & development by governments in the aerospace sector. Presence of key aircraft manufacturers such as Lockheed Martin, Boeing, and others is a major factor that can propel the expansion of the market in North America in the near future. North America is followed by Asia Pacific in terms of share of the aerospace material market in 2016. Asia Pacific is witnessing considerable expansion in the aerospace sector, which is attributed to the booming aerospace industry in emerging economies such as India and China. Japan is considered to be an attractive market for aircraft manufacturers due to the easy availability of raw materials and cheap labor. Rising number of low cost carriers and increasing air traffic are key factors propelling the expansion of the aircraft manufacturing market, which in turn is estimated to boost the expansion of the aerospace materials market in the region.

Key players operating in the aerospace materials market are Alcoa Corporation, Du Pont, Toray Industries, Inc., Teijin Limited, Constellium N.V., ATI Metals, and Cytec Solvay Group. Companies are adopting various strategies such joint ventures, acquisitions, and new product development to increase their presence in the market.

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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:
  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:
  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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