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.
Competitive Analysis: Global Aerospace Materials Market
The global aerospace 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.Market Definition: Global Aerospace Materials Market
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 by 2024.
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The following Key Players are cited in the report: Global Aerospace Materials Market
BASF SE, Du Pont, ASM Advanced Metallurgical Group, Toray Industries, Inc., Cytec Solvay Group, Alcoa Corporation, TEIJIN LIMITED, AMG N.V,KOBE STEEL LIMITED, ATI, Hexcel Corporation, TATA Advanced Materials Limited, Hindalco-Almex Aerospace Limited, Materion Corporation, SGL Group, Constellium, Aleris Inc., Koninklijke Ten Cate NV, Sofitec and Kaiser Aluminum among others.
Major Market Drivers: Global Aerospace Materials Market
• Rising demand of efficient and light weighted aircraft
• Increase in low cost air travel
• Advancements in composites
Restraints: Global Aerospace Materials Market
• Reduced defense spending in developed economies
• Limited range of materials options
- To analyze the market size of the market and infer the key trends from it.
- Industry Chain Suppliers of Aerospace Materials Market with Contact Information
- The key findings and recommendations highlight crucial progressive industry trends in the Aerospace Materials Market, thereby allowing players to develop effective long term strategies
- To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the Aerospace Materials Market
- Extensive analysis of the key segments of the industry helps in understanding the trends in types of point of care test across Europe.
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Regions Covered in the Report: Global Aerospace Materials Market
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
Market Segmentation: Global Aerospace Materials Market
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.
Research Methodology: Global Aerospace Materials Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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