The Global Aerospace Materials Market report aims to offer the readers significantly relevant information regarding the product types offered in the market, along with its various applications. The study also profiles several prominent players of the Aerospace Materials market, focusing on their business expansion strategies undertaken by them to gain a significant market share and fortify their positions in the industry. Through advanced analytical tools such as SWOT analysis and Porter’s Five Forces Analysis, strengths, weaknesses, opportunities, and threats of the key market players have been thoroughly evaluated in the report. The Aerospace Materials industry has gained significant momentum over the past decade and is expected to register a CAGR of 6.3% throughout the forecast period 2021-2028 to attain a valuation of USD 37.36 million.
One of the fundamental components of the latest report is the exhaustive coverage of the COVID-19 impact on the Aerospace Materials business landscape. Remarkable changes in the market dynamics and trends have followed the viral outbreak. The global health emergency has brought about unprecedented changes to the global economic scenario, while adversely impacting the Aerospace Materials market.
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Leading manufacturers profiled in the report are:
Alcoa Corporation, Huntsman International LLC, DuPont, Constellium NV, Teijin Ltd., Kobe Steel Ltd., Solvay Ltd., Hexcel Corporation, SABIC, and Materion Corporation.
Aerospace Materials Market Segmentation
Emergen Research has segmented the global aerospace materials market on the basis of material type, application, aircraft type, and region:
Material Type Outlook (Revenue, USD Billion; 2018–2028)
Aluminum Alloys
Titanium Alloys
Steel Alloys
Super Alloys
Plastics
Composites
Others
Application Outlook (Revenue, USD Billion; 2018–2028)
Structural Frame
Cabin Interiors
Propulsion System
Others
Aircraft Type Outlook (Revenue, USD Billion; 2018–2028)
Commercial Aircraft
Military Aircraft
Rotorcrafts
General & Business Aircraft
Spacecraft
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Some Key Highlights from the Report
In January 2021, Thyssenkrupp Aerospace signed into a three-year materials supply contract with South Korea’s, Korea Aerospace Industries (KAI). As per the agreement, Thyssenkrupp Aerospace will supply materials for military and civilian aircraft programs of KAI and manage supply chain.
Among the material type segments, titanium segment revenue is expected to expand at a significantly rapid rate over forecast period. Titanium alloys find extensive application in highly-loaded airframe sections, high Mach speed aircraft skin, undercarriage parts, fuselage, landing gear, jet engines, and various other aircraft parts and components that require fracture toughness, high strength, and resistance to fatigue. Also, titanium alloys are ideal for reducing weight of aircraft, while delivering a high strength-to-weight ratio.
Among the application segments, structural frame segment accounted for largest revenue share in 2020. Materials, such as aluminum are considered highly suitable for aircraft frame production, owing to lightweight and strength. Also, aerospace materials used in structural frames are lighter than steel and thus enable higher aircraft payload and improve fuel-efficiency. Also, aluminum is highly resistant to corrosion, thereby enhancing aircraft safety.
Significant Features of the Aerospace Materials Market Report:
Extensive competitive landscape analysis to offer the readers key insights into driving and restraining factors along with strategies adopted by the key players
Assessment of the existing and emerging trends of the business sphere
Detailed analysis of the emerging growth opportunities and threats and limitations the players might face in the coming years.
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Key Regions Analyzed in the Report:
North America
Canada
S.
Europe
Germany
Italy
K.
France
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Australia
Rest of APAC
Latin America
Brazil
Argentina
Rest of Latin America
Middle East & Africa
Saudi Arabia
South Africa
A.E
Rest of Middle East & Africa
In conclusion, the report provides a qualitative and quantitative analysis of the Global Aerospace Materials market, including the global and regional analysis of the market. The study covers critical information and factual data about the Aerospace Materials market industry, along with an in-depth statistical analysis of the market drivers, limitations, growth prospects, opportunities, and threats. On the basis of the current market scope, the report provides an extensive analysis of how the Aerospace Materials market is expected to fare in the forecast timeline. The report utilizes advanced analytical tools to offer an estimation of the outlook of the global state of the Aerospace Materials market industry.
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