The study of the Global Aerospace Materials Market by Emergen and Research offers insightful data about the market size and market trends inclusive of factors and elements impacting the market growth. The study offers a panoramic view of the industry with key outcomes and market data validated and verified by the industry professionals. The crucial information covered by the report offers the readers and businesses a way to capitalize on the current market scenario and enables a strategic business decision-making process for improved profitability.
The deadly viral outbreak and the subsequent global lockdown enforcement have beleaguered the Aerospace Materials business landscape. Moreover, it has impeded the developmental scope of various manufacturers and buyers involved in this sector. Thus, the report offers insightful speculations about the post-COVID-19 scenario of the Aerospace Materials industry.
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The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry. It also covers strategies adopted by prominent players such as mergers and acquisitions, collaborations, joint ventures, product launches, and brand promotions, among others. The report aims to offer the readers a holistic understanding of the relevant features of the industry to help them capitalize on future growth prospects.
Leading Players Profiled in the Report:
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.
Radical Highlights of the Aerospace Materials Market Report:
Competitive landscape benchmarking with a focus on business profiles, product portfolio, business strategies such as MA activities, revenue, market positions, market share, global position, and financial standing
Accurate 8-year forecast analysis for the growth of Aerospace Materials market
Extensive analysis of market drivers, restraints, growth prospects, opportunities, threats, and limitations
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Key Regional Markets Analyzed in the Report:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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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