The Global Aerospace Materials market was valued at USD 17.50 billion in 2021 and is expected to reach USD 26.66 billion by the year 2028, at a CAGR of 6.2%.
Aerospace materials
are referred to as the materials which are utilized by the aircraft OEMs &
component producers for creating various aircraft parts. The materials applied
in airplane design have been constantly developing. Prior flights were
primarily built of spruce and ash wood with muslin covering the wings, while
today's airliners are produced mostly of aluminum with some structure made from
steel. Aluminum is thin, technically developed in terms of forming and
alloying, and it is relatively cheap cost, especially when compared to other
composites hence providing effective aerodynamic features to the airplane.
The Aerospace Materials market is
segmented by type and application. Growth between segments over the period 2024-2032
provides accurate calculations and forecasts of revenue by type and application
in terms of volume and value. This analysis can help you expand your business
by targeting eligible niches.
The Major Players
In the Aerospace Materials Market Include:
Carpenter Technology Corporation (US),
Constellium SE (France), Rio Tinto Group (UK), Toray Industries Inc. (Japan),
Alcoa Corporation (US), Teijin Limited (Japan), Hexcel Corporation (US), AMG
N.V. (Netherlands), NOVELIS (US), Hexcel (US), Aleris Corporation (US), Arconic
Inc. (the US), Allegheny Technologies Incorporated (US), ATI Metals (US),
Kaiser Aluminum (US), VSMPO-AVISMA Corporation (Russia), Kobe Steel Ltd.
(Japan), TIMET (Berkshire Hathaway Inc.) (US), DuPont de Nemours Inc. (the US),
and others Major Players.
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The market has
segmented the global Aerospace Materials market on the basis of type,
application, and region:
By Type:
·
Steel Alloys
·
Titanium Alloys
·
Aluminum Alloys
·
Super Alloys
·
Plastics
·
Composites Materials
·
Others
By Application:
·
Structural
Frames
·
Cabin
Interiors
·
Propulsion
System
·
Others
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By Regional
Outlook:
·
North America
(U.S., Canada, Mexico)
·
Eastern Europe
(Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern
Europe)
·
Western Europe
(Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western
Europe)
·
Asia-Pacific
(China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The
Philippines, Australia, New Zealand, Rest of APAC)
·
Middle East & Africa
(Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
·
South America (Brazil, Argentina, Rest of SA)
The research provides an up-to-date
analysis of the current market scenario, as well as the current developments
and drivers, and the market landscape. Furthermore, the growing demand for Aerospace
Materials is expected to propel the industry forward. The Aerospace Materials market analysis is
segmented into type, application, and geographic landscape.
Key Benefits To Stalk Holders:
·
The key countries in
all the major regions are mapped based on their market share.
·
Major countries in
each region are mapped according to their revenue contribution to the industry.
·
Porter's five forces
analysis highlights the potency of buyers and suppliers to enable stakeholders
to make profit-oriented business decisions and strengthen their supplier-buyer
network.
·
In-depth analysis of
the size and segmentation assists to determine the prevailing market
opportunities.
·
Market player
positioning facilitates benchmarking and provides a clear understanding of the
present position of the market players in the commercial refrigeration industry.
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