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.
Browse
Market Research Report @
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.
Get
accurate market forecast and analysis on the Aerospace Materials
market. Request a sample to stay abreast on the key trends impacting
this market@
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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Us
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Market Research
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